The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-01-31
TINE FINANCIAL QUESTION.

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Congress approached tho financial
question with very evident trepldalion,
or rather, refuses 10 approach II ALL
The repeal Of the resumption act ID at
best, but temporary e1pedlent Tor
the immediate relief Of what 80 hope
aud firmly believe is but temporary
interruption Of prosperity Indications
now are that congress will remonollie
silver and stop there-stop short at The
repeal, Al least, there will be no re'
peal this session, We have favored
nay, indeed warmly adyooated-the |
repeal In question, because sc believed
that resumption in 1879 was premature
Tho inflated values and the general
eNpansiyeness aud oxpenaiyoness OF all
business, US we'll M our habits Of life ~
n nation, could not be- reduced, within
the time named by the bill, sufficiently
10 make the smaller but far safer gold
medium the sole representatives. values,
That the gold standard will ultimately
prevail, we cannot but see that II
ought TO prevail no sane or honest
man can or will deny but in order 10
render that possible, great sacrifices are
necessary Arowe willing tomakc thomi
Should the resumption legislation liking
the return 20 specie paymenla IN 1917
not be- repealed or modified In some cf
lcctual way, the shock will be 10 great
that the consequent paralysis 10 bnsi'
ness will entail poverty upon the masses
all except the wealthy bondholdcrs
for fifty years, Are the merchants
farmers, mechanics and workers OF all
classes in this nation willing 10 see the
chance of acquiring competency In
life destroyed now, in order that future
, generations may be able TO erect II unl.
, form aud solid standard Of values in
- accordance with the general views of
, the civilized world2
Men die by thousands to establish or
defend the independence, or to guard
and protect some great principle of
y government This is called patriotism,
y and God.giyen instinct it surely H.,
y but an enthusiastic devotion to the
y principle nearly allied to ianaticlsm is
e necessary The pomp and circumN
" stance OF war, the delirious Joy of tri~
= umph, the hope of promotion and the
: possibility of glory, with CRATE al history
y ~ the recorder of martial deeds, is often
one of tho chief, nay il indeed the chiei
4. incentive to action. But in this matter
X OF fifty years tug at poverty to feel
Il its grinding and repressivo power in
d our homes, to see our wives and chil~
"a dren in tatters and half fed and
A. housed, to put out of our reach the
y delights of literature, and tho charms
p. of that refinement and elevation which
n has became necessary, by cold-booded
IF voluntary sacrifice to the financial good
n. OF those who are to live fifty years hence
requires an amount aud character OF
patriotism which we frankly admit W,
g DO not possess, and we doubt if n suli
y Client number of people in the Unitcc
w States have it, to enable the bondhold
ers to force resumption.
The burden of n return to n SCUM,
financial basis, must be divided be
;, tween all classes the palace of the mil
10 Ii onare and the howell of the lahore,
lN must alike and in their degree shar,
'r it, Any legislation which is not basec
- on this theory will be dead letter
W from the start, and if enforced b,
the physical power of the government
will light the flames of civil strife an,
," connection from one end of the natior
" to the other. In the plan representa-,
=, in the bill which goes into effect on tn,
!" fourth of March, 1879, the poor and tn,
moderate people, who depend upon tn,
" daily supply of money produced b,
" their daily labor for the qualification o
- their daily wants, bear the burden, ant
" tho wealthy, who hold the paper of tn,
> government, are the sole beneticiaries
" The people won't stand it, and it might
" be we'll Tor the government to under
" stand this at once II the bill il moi
, repealed, Interpretations must he guarded
y 10y other and better modes than il pro,
" vides, and more time must be- given. In
our poor Judgment twenty five years
e hence specie payment may be resumed,
= and even then only at the expense OF
II as much sacrifice and suffering ms the
~ people will endure.
1 -- ----------
a Large riOw.
II There has Just been made at Stock.
Il ton, California, the largest pillow ever
l.