Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1878-10-09
CLEARFIELD PA, WEDNESDAY, OCTOBER g. 1878
in National banks. Our banking

in National banks. Our banking
should be free from all taxes, except
such as other like property pays il
should be relieved ofits other cumbrous
complications which make dead capital
and expensive machinery, and then il
should be inexorably limited to a just
rate of interest. The Government
should furnish a uniform currency for
banks and Tor all its own direct uses
and every dollar issued to banks for
circulation, should suspend interest on
q dollar of the National debt. This
would be simple justice-more, it would
be craftsmanship and II would be com
mon sense. Under such a system no
shocks would como to the banks no
loss would como to any class /; banking
would be free in fact currency would
regulate itself by the variable necessi-
ties of trade and the channels for
reaching Legitimate business with Gov
ernment money would be cheapened
and extended into every centre of in
dustry where capital could be safely
employed,
HOW TO RESTORE PROSPERITY.
We want the increase of the Nation
al debt and tho contraction OF the cur
rency, for the purpose Of enforced re-
sumption, TO stop; we want the oner-
Gus taxes now imposed upon the only
channels through which the people can
obtain money, to be repealed we
want banking to be free we want q
uniform currency issued by the Gov
ernment and to be redeemed by the
Government; we want the volume OF
money to be controlled solely by the
wants of legitimate business of the
country We want the Government 10
cease discrediting its own money by
refusing it for debts due to the Govern
ment, and we want retrepchment and
economy in every department of au-
thority, municipal, State and National
These are the sources to which VIC
must look for restored prosperity, and
restored prosperity means resumption
that will last. These views | regard
as a just Interpretation Of the deliver
ance of the Pittsburg Convention on
the foancial issue.
REPUBLIcANlsM ARRAIGgED.
The conclusion Of Senator Dill's
speech was an eloquent arraignment Of
Republican rule. He said that the
starving labor, the idle capital, the en-
barrassed business circles aud the gen
eral paralysis which prevails through
out the Nation are the logical results
of the rule of the party that is unmind
ful of the wants Of the people that
has prostitutcd power to individual and
class aggrandizement and impoverish
ed the richest country Of the world
Rcpublicanism, he said, has given US
years OF growing misfortune, unit
want and disorder are now the chic
trophies of its authority. | larraign it
he continued, as the author OF needles.
prostration in our industries, and oi
the decentralization that deforms the no
blost OF Governments. / accuse it oI
causeless oppression by its financial po
licy; OF centralizing the circulating
medium, that is the life Of trade, anC
crushing the energies Of the producing
classes. | confront it before the civil
ized world as u usurper of the highest
authority of free people as maintain
ing rule that was born of unblushing
fraud, and appeal from its usurpationi
and profigacy and misrule TO Demo
cratic Constitutional authority as thu
only relief Tor the people, and as tn,
only safety of our free institutions. .