Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1878-03-06
CLEARFIELD, PA, WEDNESDAY, MARCH 6, 1878.

mand was such as TO not alone stop
emigration to this and other countries,
but also TO force return flow Of many
who had emigi ated TO other lands in
the hope of improving their condition
Since the decentralization OF silver and
the consequent destruction Of part oi
the currency of their country retro
grade movement has taken place in
the industrial pursuits Of that people.
The same shrinkage in values has oc-
CURED that have characterized this
country consequent upon the destruc
tion of part Of our currency. Wages
have again decreased, business has be-
come siagnant, and general depression
of business affairs and ruin Of CONNER
cial ventures has been the result.
Whenever among the nations OF the
earth history, past or present, points
it's unerrIng finger ut government
which has deliberately destroyed the
money of its people, il alike records
the fact OF its commercial prostratlon
and industrial decay. Crime fourishes,
aud virtue hides its head. The music
Of the mill is hushed inthe cry OF dis
tress. Hunger and poverty strike
hard blows, The voices Of starving
hundreds pierce tho walled houses OF
kings. Wrecks of savlngs-banks, in
surance and trust companies whose
money has been garnered from the
poor ruin Of corporations which had
employed a vast amount of labor in
the construction OF works Of internal
Improvement; private credit convuls
ed, shattered, and torn to atoms; pow
erty, want, and suicide, and the mon.
uments that history builds to the ma
tions who have strangled their peo.
pies industries and are the mile stones
that mark the golden road to resump-
tion.
Mr.. Speaker, the demonetization OF
silver does not affect the bondholdcr
with his untaxed millions, nor the
creditor class with its recorded mort
cages upon the farms, lands, and in
dusirial pursuits of the nation. 1t at
fccts the debtor class, that class which
plows and plants, which builds and
bcautties, and prospers most when
peace and plenty abound in the land
that class who live by the arts and
trades Of man, who "liit the lever aud
move the shuttle" who delve in the
earth amid its treasures and unloJse
its rocky rivets, who lay the iron ar
teries Of trade and push forward our
inland commerce, who level the for
ests and build cities who erect sign.
boards OF prosperity everywhere in the
broad land, aud make the world aud
mankind better for having lived in II
This is the class that this act lmpover.
ishes the class of no hereditary priv
ileges or entailed estates, hut only
such ns il carves out of bountiiul Ma.
ture by its skill and labor; the class
whose greatest capital is its bone and
sinew, its intelligence and industry.
In this hour Of its peril ii is the duty
ofthc country, through its lawmakers,
TO come to its assistance by undoing
that unwise legislation which has op.
Grated so fatally against its interests.
II you destroy this class Of citizens
you crush the firmest element in tho
construction Of the social fabric, an
element upon which the country al.
ways relies in the hour Of its peril T;
not only does il create great victories
By the arts of peace and give strength
To the government but amid the
smoke and fame of war il is the class
that stands firmest in the shock of bat.
tie. Crush this element of a nations
strength by ruinons legislation and
reduce il to pauperism and Won will by
the same law impoverish the nation.
From a nation of f,eemen glorying in
the pride and strength of their com.
try Won will create a nution of serts.
slaves of the money mower whose
Chains ae tightly riy,ted.
Instead of the citizen honored and
free. walking erect amony his fellow.
men. conscious of his own strength
and security. prond of his country and
us institutions. he will croucb at the
ieet of his money lord. heart. broken.
aud famished with poverty aud toni.
Let us not by any act of ours, ms the
representatives OF the peopIc. aid in
establishing such a condition of socie-
ty. The wrecks Of nations once great
and proud lie all along the shores of
history. crushed by those who ruled
in the interest Of class. IL has been
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right III the money Of their country.
The Constitution OF the United
c,a,.s 1, ,h.,,.o oe,Lo ,.o.d s.,,,,,,,,,,. ,,
'"'Ns " w "'o VI w WI" "'"ney
~ article /, section 3, means Doth Ol
the prccious metals. aud the mower 10
regulate the value thereof with any
other meaning would be absurd. The
power to regulate the value of money
would not have been cnjoined upon
Congress had it not meant both gold
and silver. Gold and silver consiitu.
ted the money OF the country at that
ume as il did OF the commercial world
England did not demonelzc silver un.
Ill 1909 II is certainly violation Of
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ne iwen'y'n's' congress ., ,nc on' y,
.ou States appointed u se'o's commit =
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