Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1878-08-23

II II OF cOur6e 3 lafke u006Hto KING Tor the Sec
rotary of the treasury and the banks to keep
nearly seven hundred millions Of paper money at
par in COIN oButin our favor 10 the fact that our
gold and silver miners are producing annually
balance Of trade Is largely in our favor For the
yearending June So 1877 our exports exceeded
our imports by $l66 900 900 and. during tine first
e. %9n hsr g III az ess e endns x
reauof statistics this balance In our favor has
been increased to 8.OOQ000.s Should the excess
ioE June Be- equal e that Of May the grand total
years S4a5 900 co., For the eleven months Of the
last fiscal year our exports in round numbers were
1913 OOO geo and our Imports $429 900 900, making
about 81 30 ooO With our business On specie
basis and with Q rapid increase of exports in
many OF our products we may safely anticipate
for years to come profitable foreign trade We
every year. but while theylast they are of great
advantage to US, and ought TO be Improved to the
utmost In putting our monetary system on o basis
Of undoubted security. and increasing our re-
serves of coin so as to be prepared to encounter
without disaster, any outward event of the future
Thisis the road to prosperity, safety and success
THE DEMOCRATIC REMEDY.
The proposal to restore the democratic party to
power as remedy for our financial and business
troubles would be grotesque TO laughter were the
source Of all our woes, was the legitimate out
growth of democratic rule. When legal tender
notes were advocated as necessity for saving the
Union, the democrats opposed their issue. When
the war was over and the greenbacks should have
been Withdrawn. then the democrats advocated
their multiplication uin Unlimited guam titles. In
1854 they declared the war failure. In 1868 they
eulOgized its success. In 1868 they proposed to
pay the bonds in greenbacks. In 1872 they de.
nOunced this as population and declared strongly
for resumption. In 1875 they demanded the re-
drance 70 resumption, but really because they
wanted TO put on resumption indefinitely. To
restore the democratic party TO power would be
70 plunge eur financial Affairs into chaos again.
would pc 10 load the country with an additional
debt for the payment of the two or three hundred
millions Of southern claims now pending I'm con-
gress-wQuld be, in short, to place the govern
ment and all Its interests In the hands Of those
who but few years ego were in arms against its
life. Certainly this is not remedy which can be
favorably considered In Iowa. state that has,
and should continue to have, an unbroken repub-
Hcan delegation In congress. In this state the
greenback movement cannot be justly regarded
otherwise than as an ally of the democratic party
To the extent that 1t IL successful 1t will aid that
In the nation and reversing the history of the last
twenty years. Democratic claims to economy in
legislation are without foundation. Their pre-
tended opposition to fraud In elections Is already
broad farce, since they have been compelled to
withdraw from their original purpose to reopen
the presidential question, and to establish the
Mexican system on this side of the Rio Grande.
The position of the democratic party on the finan
cial question Is uncertain, as Is its position all
other questions except its restoration TO power,
and Its determination TO make restitution to the
south for Its losses during the war. However it
may be elsewhere, it ought not TO be forgotten
that vote for greenback candidate In Iowa, is
q vote to restore the old pro-slavery and confed
crate democracy to power. A republican should
reflect very seriously before he concludes to aid
In that unho1y work. snI
must refer briefly to one other remedy pro-
posed for the Ills under which the country is slf-
fering-the remedy Of the sOcialistic labor party,
an organisation which has entered the political
field and has many points IN common with the
socialists are stated by them officially and com
prehensively As follows:
1--WE demand that the resources Of hfe-the means
Of production, public transportation and eommunica
fon' land, machinery. railroads. telegraph lines, ca
mails, ETC., become fast practicable, the common
property Of the whole people through the govern,
ment, to abolish the wages system and substitute
it: stead cooperative production with just distrb-
ution Of its rewards.
that mischievous principle which regards the
government - paternal and eleemoeynary in
stitution with inexhaustible resources, to- be ap-
piled to the objects OF It's benehcence. will not
enter at any length npOn this subject. The sim
pie statement OF the objects OF this new party
should be enough to stamp 1t with public disap.
prevail But It's well to bear In mind that those
the people with money and with employment,
are in the direct socialistc and even commnnistic
line and that the inevitable outcome Of such
teachings "a the subversiOn and overthrow of our
republican system. Already a. nation we have
Travelled too far in that direction. 1t Is time to
call halt 1t Is time to remember that the gov
eminent has nothing to give to, that it does not
takes to furnish the people employment, OF leads
them to expect great relief from legislation, it
travels beyond the sphere of its duty, and must
finally hurt more than 1t helps.