The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1878-01-23
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TIE QUESTION or THE Day.

Cu WV pcbIi0 " AoS tHeoAS SS'y
than that IL the currency now actively nm,
der consideration. Aud it is 80 because
never has any question come more directly
home 10 the experience d every day life
than this one Of money. Il is one where
the common sense Of mankind rallies upon
plain practical issues aud will not be put
Of with abstract disqui.itims OF sentlmen.
tai illusions. II is despairing demand,
what shall we do TO be saved in = tempo
raj sense?
The issue Is made between the bond hol-
ders and the advocates Of a gold metallic
basis Of currency on the one side, and the
tax payers and the demanders OF silver
medium equal in dignity and proporiiopate
value with gold. On the other Do the FIRST
side is arrayed nearly all the invested ca
pital Of the North; that capital. too, ~
vested in bonds purchased in deprecated
currency: that capital moreover exempt
from taxation, aud giving its holders inn
muniiies, privileges and powers denied to
the rest Of their countrymen; and on the
other side. all the labor, all the industry,
nearly all the enterprise Of the country,
shackled while the other is free, starving
while the other is full. paralysed while the
other is instinct with life. IL is q struggle
not more for prosperity than for lifei for
the success Of the bond holders to chain mo-
ney to single STANDARD is the parent Of no
imaginary evil. last summer this country.
so lstely the refuge Of the labor seeking
people Of the old world was the scene Of or
ganiEed riot, Of wide spread combination to
destroy property, ending in wholesale 6e-
structicn Of property and lameutable loss Of
life, for what? Because Of that remorse.
less movement of contraction which had
steadily enerOached upon the means Of SUBJ
sistenee Of the poor man which had para
lyzed the business capacity Of the merchant.
which had closed the market to the manu-
facturer. which had cut down the value Of
the products Of the farm below the Gust Of
production ills too when taxation was in
the full vigor Of its exOrbitaut exactions.
aud when the bond holder was holding his
bonds With the determination 10 have them
paid in gold and when he was drawing his
bUuntiful interest free from taxation (; coB>
stituting the unrePublican contrast Of pri-
yileged monied aristccracy and an impOye-
Iished. oppressed. laboring and producing
class. ]. il not the first duty Of patriotism.
to remove this anomaly, iffOr no other rea.
son than to restore the proper relations Of
republican citizenship
But there is duty paramount to that Of
abstract patriotism. Il j.. 70 relieve By
some stroke Of financial wisdom. distress
participated 10 by the whole country and
BY al but the fortunate Solders Of the
government securities We have no pre-
iadiees against these latter. and would
deem il criminal to attempt to array pre-
judiee against them as such. Their bonds,
no don6t. they came honestly BY. and are
entitled 70 al legal protection 10 holding
them, and all legal value in enjoying them
But il is because. while eoning by them
honestly, they came ~ then chesply; and
because. comipgb by them chesply. the whole
aim Of their Legislation has been 10 enhance
their vsiue TO unwarranted height. rs IL the
sacrifice had been theirs instead Of that Of
the government. or rather that Of the tar
paying people upon whom the burden Of IN.
terest aud ultimate redemption inevitably
fslI.. 10 this conflict, the individual exis.
tenee Of the bond holder is osteDtatiousiy
ob,ruded. while that Of the poor tax paying
and tax ruined people is merged 10 the con-
crete idea Of . national government Let
il be borne in mind that both have iadiyid'
uslity. and that the capacity Of the tax pay.
er TO suffer is o. keen - that Of the bond
holder to enjoy.
That capacity to suffer has been tested
beyond The limit Of patient endurance
Where there is remedy. the people wil
no, .,srss in the midst Of plenty. they vii
mt stand idle When around them there j
90 much 10 be done neither will they saeri
fee their products or their labor for insult
heient compensation, nor deny ibemselse
out Of fsneifaI Difference to national sredi
the remedy % easily found in The rsstora
lion o. silver 70 IL prorer pace asa stand
ard Of value. ~ rag a*e
The relief seems TO he plain 10 The res
toratiou Of silver 10 credit; In deprisins
gold Of is monopoly u power; IN putin
ibe bond holder and The tar payer upon ii