The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1878-10-31
PROFITS OF IDLE CAPITAL.

payment during the period under re-
view.
PROFITS OF IDLE CAPITAL,
Men are taught by these lessons. Why
should men build houses and factories
and furnaces and machinery and employ
labor in productive industry, if in few
months or few years, their idle capital
will be more valuable than these houses
or factories or furnaces or the products of
their capital and laborP Common pru
dence forbids, and so men having capital
have kept it idle. or at least have not in.
vested it in productive enterprises. Blu.
siness has stagnated, industries have been
depressed, energy and enterprise have
lain dormant labor has been without
employment, and men and women and
children have suffered in want of food, |
These gentlemen tell us that they have
paid six hundred millions on account of
the debt. What benefit is that to the
taxpayer if they have 80 increased the
value Of money that to pay the remain. |
der requires more labor than the whole |
debt in the beginning required? They |
VI
benefit is that if they have made it
harder to pay those which they still i'm.
pose2
In the same breath, that they boast of
having increased the value of money con-
for ten years, they tell us we
must have stable currency OF fixed val
le, and beTate Democrats as being in
avor of dishonest money-of unlimited
ndation. 1.-THE value of money changes
ly becoming dearer, if the volume
,hanges by contraction, if the interest of
die capital is benefited they are enrap-
ured at the honesty of the performance.
+ money changes by becoming cheaper,
t the volume is enlarged, if the prices of
are increased, if industries
re stimulated by being made profitable,
f labor is employed aud rewarded, their
ensitive souls are terrified at this attack
N public credit, this effort at repudi-
tion
SHRINE OF THE ALMIGHTY DOLLAR.
When they boast that they have in
reased the value of the money, and di.
the volume, they admit the
harge that we make. They have wor-
hipped at the shrine of the almighty
lOllar, and to its enhancement they have
acri6ced every other interest in the
ountry. They made money dear, and
made labor, the toll and sweat of human
Deings, cheap. The Democratic party
proposes to you the cessation of this pol |
cy. 1t proposes to change the results by
the cause. 1t proposes to re-
nonetize silver; to stop this boarding of
DIN; to stop this contracting or hoard
ng of the paper currency; to cease sell.
ng bonds for coin; to Cease the increase
# the national debt; to put an end to
his increase Of the value of money and
Indebtedness; in word, to stop their
Worship of the golden calf, and if we
must have an idol. let it be the prosper.
ty of industries and the consequent EN-.
'loyment and iustreward of labor Again
our Democratic Convention has spoken
7isely, and proposed its remedy:
" The only remedy for these evils ia an
ntire change Of policy and the dethrone-
lent of those in power. s.
I" And we resolve that further contrac
on of the volume of United States legal
snder notes is unwise and unnecessary
ney should be received for customs du.
es and reissued as fast as received.
" A close connection of the Federal
overnment with the business interests
the people through National Banks.
'nds to monopoly and Capitalization,
utin exchanging the system, uniformity
notes, security TO the noteholder, ard
rejection to the capital invested, should
3 provided for.
Labor and capital have equal de-
ands upon and responsibilities to law.
and manufactures should be
lcouraged, so that steady work and fair a.
ages may be yielded to labor, whilst /!
.fety Of investment and moderate re-
rms for its use belong to capital. Vio-
nee or breach of order in support of
10 real or supposed rights of either
lould be promptly suppressed ty the
rong arm Of the law"
FOR NATIONAL BANK NOTES. 6
Psrtof this policy is the substitution Of
nited States notes for the National l
snk currency. II would conduce TO
onomy, and tend to avert great politi-
i DECENTRALIZATION. The National Bank