Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1878-11-14


rial in the near future than it would;
now. He would prefer to loar 1t at
even a low rate Of interest, or lock it
up in a safe at no interest at all. He
virtually receives interest on his mon
ey while it. is locked up in his safe,
for its value and purchasing power are
steadily increasing, It is no wonder
that men Of means have been trying
to loan their money rather than invest
it, for loaning money has been about
the only thug that yielded large and
certain profits. A dollar gained from
seven to ten per cent in its purchasing
pnwer in year, and when loaned at
ten per cent Interest, yielded profit
of from keventeen to twenty per cent
per annum. Il is no wonder That
bankruptcy and financial ruin have
swept over the land like q pestileuce,
none but the money lenders escaping
it's b!ighting influence. Our limited
space renders it impossible for US to
refer in detail to the thousand and
one thefts and rnbberies that the lead
ers Of the Republican party have been
connected with since the close Of the
war. We will only say that We do
not accuse them Of ignorance, but that
we do accuse them Of having sold out
body and soul, to the bankers Of Eu
rope and America
1t seems to us quite apparent that
the bankers of the Fast propose to
dictate the policy Of the government.
Already many Of the Democrats in the
East have gouc over to the Republic~
ans, and nearly al, of the Democratic
newspapers in New York city are now
abusing the Democratic party because
it has not endorsed the policy dictated
by the bankers. 1t IS worthy Of no~
tice, too, that after you get out Of the
shadow of Wall street, and arrive In
the honest, old State of Maine, you
find that the Republicans have net
with enormous losses, as shown by the
election held in that State last month.
In our opinion 1t will be difficult
to redeem the East from the autocratic
rule of the vast combination of ring
sters that has taken control Of it. In
the West the outlook is different.
Iowa, which gave President Hayes
$4,000 majority, only gives the Re-
publican ticket 10000 majority this
fall. Minnesota elects a Democrat to
Congress in the second district, and
WAS only prevented by the unparallel~
ed use Of money from, e|ecting another
in the third district. The outlook in
Indiana ami Ohio is very encouraging.
and is not disconraging in Illinois and
Wisconsin. The old issues which
once divided the two great political
parties are no longer before the people
New issues and new interests have
taken the places of the old ones, and
we predict that while the Republicans
may reasonably hope to contro! the
East. the Democrats will have good
maj"rities ia Iowa, Minnesota and
Wisconsin. Ohio and Indiana may
be safely relied upon to give Demo
cratic m"j"ri'ies in 1880. Notwit'''
standing the fact that the money POW
cr Of the Erst centers In New York
the Democrats can drnbt'ess carry
that State in 1880 by placing a sound
New York Democrat in either the frs
or second place on the presidential
ticket. The Democratic party shnul.
do nothing to hinder the operatin:
of the resumption act, and should
strictly maintain its present attitude
in reference to the national bank cur
rency and the public service. For nj
matter how much suffering was causel
by the premature passage of the re
sumption act, the recent elections shov
that public sentiment does not favo,
the repeal Of the act after j, has one
been put in operation. Let the Dem
ocratic party use good, sound. ste,|io!
sense, devote itself thoroughly to tn
interests Of the whole people. and i
will gain one of the most overwhelm
ing victories known in American poll
tics at the rext presidential election.