The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-10-25

amount 10, 900, Co., 90
Here, then, is over one.fourth Of our en-
tire property sunk. What individual or
nation could sustain such loss and not
suffer as We have suffered? Why lay upon
the Government that for which We have
no one TO blame except ourselves?. There
| is but one reason, and that Is the desire OF
the Democrats for office.
This Is not all. The multiplication o!
credit tourfold begat mania for specnla-
ton and an extravaganza In living, the like
OF which pray God NO may never see
again. From 1865, To. 1873 trade became
betting and commerce gambling. In proof
Of this witness the, Wall street gold gam
bling board, where thousands Of millions
were made and lost. Every dollar that
was thus made was lost by some one other
than tho winner; 50 with the shameless
produce gambling Of Chicago, Cincinnati,
and St. Louis. In 1850, j had occasion to
notice the habits OF my own profession,
and I found all tho lawyers Of Northern
Indiana speculating in gold and wheat.
And 90 with our habits. When farmer
could get 90 cents o pound for bis butter
and S3 q bushel for, his wheat, II was hui
man nature for him TO buy pianos for his
daughters and clothe. his sons in broad
cloth. The, recent developments have
shown how, all our great corporations be-
came infected with this fever oil extrava-
rance and speculation, Insurance com.
panies paid shoddy Presidents $50, 900 or
Sl00,O01 per year salaries. Empty bags
stood upright and were recognized as Pill.
lars OF State and society. Tho spencers
monopolizcd savings banks, the James
Risks absorbed great RAILROADS, and tl!s
William N. Tweeds gobbled up splendid
cities, Every village In lndiana witnessed
the strange spectacle Of moneyless shame.
less upstarts corrupting the youth and
even the mon OF experience, by scouting
the old maxim, Of getting rich BY earning
more money than We spend and subStttu,
ting in its place the new creed OF getting
rich BY running in debt. From 1906 to
$50 debt for any kind Of property was
The surost way Of making money. The re-
suit was a sickening crop Of frauds, pecu:
lat;ons, and bankruptcies. Thousands OF
our best men gave way to the strain like
oycrbent bows. Church and State were
honeycombed with the dishonesty hogOt-
tan hy and born OF an inflated currency.
or course, 10 such a disease there could DO
but one end. The walls Of the bubble
burst by sdilation. I think Indianapolis
knows what that means, For time after
1873 we attempted TO put of tho evil day
by borrowing We built up 4, wa. sttFqp-
ture Of debt and credit upon the shifting
sands Of initiation, Like the foolish man
q Holy Writ, We, hoped 70 weather the
coming storm iH our Paper house, and so
We shingled 1t with bonds and mortgages.
hut in vain. The-Sinevitable fall came.
He that dAIpps must pay the piper. No
man ever learned The afe Of separating de-
baueh from headache. We,las 4 people,
were for ten years crazed and intoxicated
with imitation, and 1aoy What We call hard
times d, The inevitable headache. The ex.
pertinent tss been tried an hundred times,
and an hundred times tgItads History Is
full Of examples. The. result has always
been the same. II Is the old story Of samp-
son and Delilah, fH -