Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1878-08-21

HOratio seymour, Ex-Governor OF
New York, once democratic candidate
for President, and for twenty years
past the most prominent democrat in
the United States was interviewed at
his farm home near Deerfield, n. Y,
on the 9TH inst, by N. Y. Herald
reporter. We especially commend to
our democratic friends hereabouts the
language ofthis great democratic chief
Should Seymour again receive the
nomination Of the democratic party,
democrats here would fall down and
worship him and work for him with
all their might. This fact is proven
by their conduct for years past. Our
democracy here will worship any
golden calf, hard or soft or of any
conceivable sort, if only it promises
success and chance at the loaves and
fishes. Here is q portion of what
Seymour had to say i'm that inter-
view:
"But do not think the West can
afford to have an initiation of our cur
rency. 1t would be more harmed by
this than any other portion of our
Union. Appeals are now made with
some effect to their prejudices against
what are called bloated capitalists or
bOndholders,-a class of men who do
not exist in this country. We have
some rich men. but they are rich in
lands, in railroads, factories, or kinds
of property other than money. The
government bonds owned in this
country are held by savings banks or
insurance companies as trustees MAIN
ly for laboring men or persons of
small fortunes. The whole amount
of banking capital is a small item
compared with other forms of prop
erty.
WALL STREET A CHARNEL-HoUsE.
"There cannot be a more ghastly
satire upon Wall-street than to speak
of its bloated capitalists, when it is a
charnel-house full of the skeletons of
dead corporations, while those that
are left are shrunk to skin and bones.
A list Of its bankruptcies will show
that there is not a spot on earth where
the financial epidemic has slain such
multitudes of bankers, brokers, and
spectators. The feeling at the West
against creditors in the East will die
cut, as every day shows more clearly
that these suffer most of all from the
financial crash of 1873. When debt
ors fail creditors must go down with
them. The East suffered most for the
n no VIZ rof 4 T..
the main it held the bonds and the
stock which were lost, and the West
has the roads or other improvements,
which are in profitable use by it. The
West will recover from the financial
shock much sooner than the East.
Population is pouring into its States,
giving value to its lands and great
increase to reproductions. The wealth
and the power of the country have
moved Westward. 1t sells more than
it buys, it deals with the markets OF
the world, and 1t wants the standard
Of value used by the commercial
world. Imitation cursed the West, for
| it made the cost of its routes for trade
threefold what they should have been.
The charges for carrying their prod
ucts kept them out Of the markets OF
Europe.
THE WEST GROWING RICH.
"Since the contraction of our cur.
rency so that it has raised to the value
of coin, the West has grown rich fast
er than it ever did before, and more
rapidly than any other part of the
Union. The vast exports of our
country for the past few years have
been drawn from Western fields and,
although they have loaded down eve.
ry channel of commerce, its grain and
provisions have been taken to the sea.
board at less than one-third of the
cost which was taxed upon 1t when
our currency was inflated. 1t has not
only gained by cheap transportation
but it has sold vast amounts which
could not have gone to Europe or the
East under former charges. The West
has never before sold 80 much, MOI
paid prices 30 low for all that it has
bought. Grain has been carried from
Chicago to New York for seven cents
a bushel, and other things at the same
rate. Formerly they paid nearly four
times as much. Imitation now would
ruin the West"