Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-09-18

day have uos The right to require the
people Of the generation of Tomorrow
to pay their obligations. Prom the
funded debt. or bond question, be tool
q tiir as
GOLD AND SILVER
a. . currency, and declared that there
is not half enough com in the country
to do business on, and that was tie firsl
sound point that he made. He might
have gone on and stated that never in
the history of the country has there
been enough coin to transact all the bu.
siness of the country, and that no sys-
tenn ever presumed such to be the case,
but that the precious metals were con-
sidered the measures of value, and
that the experience of the finance Of
the world is that four paper dollars
may be based on one dollar OF gold OF
silver money with the paper at par. He
did not seem to know that the Repub.
lican party advocated the contraction
of the currency only SO far as to bring
the paper money to . par value, 60 tha,
there be no difference in the value
between q paper dollar and gold dol.
lar. If he knew that, he forgot TO tell
it, he did not seen to know that if you
initiate the paper above the proportion
Of four dollars to every one of gold,
that It depreciates, and that immedi.
ateIy the paper falls to discount which
Is increased as the volume of paper is
increased beyond the safe point. He
forgot that this thing of paper money
is little like man taking poison for
his health; be may take a certain
amount with good effect, but if he gets
200 much, which he can easily do, all is
lost, both the health and life of the
man. He might have illustrated his
enough gold and-silver point BY
telling that there is not enough money
in the country to buy the property,
if thrown on the market at one time, nc
more than the business can be done on
the volume of gold and silver in the
country at one time. But be wanted
no sound illustrations From the gold,
silver and paper question be passed on
to
CORPORATIONS.
and here again as all along previous to
this point be introduced the doctrines
of the commune. He denounced the
work of corporations, and declared
it as a principle that as all the rights
Of corporations are dertrsd from the
State, the State hes the right 10 rithdrdD
the .'rrghfs or privileges granted," ana
step IN and conduct the business haf cor
poraf,ons conduct and employ the people
an rorhs of manufacture, and so forth.
The first part of the proposition is
correct. that certain privileges are grant
ed to corporations by legislative enact
ments, and that they may be taken
away, but the second point, that gov
ernment may come in and conduct the
business of corporations, is not sound
American doctrine. He did not tell
that such is the doctrine Of the CON-
mune, and that the commune is strong
and that the only differ.
ence between it and kingly govern
ment is that the one is run by a sort of
a committee to whom is impaired regal
powers instead of to one man or to one
family, but this cioren foot of the com
mune or State running the business of
the country was set out only, so far as
to make him certain in what he said if
be should be taken to task by some Sc
cret tribunal, under which be seemed
to be working. He did not tell that
system of government. that would pro-
vide business, and work for its people,
could not help degeneratIng into sys-
tenn of slavery. Men would soon lose
their independence, if they depended
for living on government, instead of
their own individual exertions and en-
terprises. Two generations of such de-
pendence would be long enough 20
make slaves of them. If a few years
of employment BY q corporation will
bind men, from president to the rank
and file, so closely that they will v.o-
ate Sunday and other laws il their in
'erests, how would men sacrifice all
their personal interests if they we're di-
rectly under the management of gov
From corporations and COM
nunism be took tilt at
THE REPUBLICAN PARTY.
He declared it to be the opponent of
heir plans; he said that it gave the
yreenback to the soldier, but be forgot
10 tell that it gave the greenback to
very oody else that it owed and prom
sed to redeem them in coin, gold or
silver money, as soon as able to do SO,
He forgot to tell that it not only paid
Ill shom it could in paper, but borrow
ID all the money it could on a bond Sc.
,urity, which we're all promised to be
paid back in honest money. He forgot
% tell that every once in a while, DUR
ng the progress of the war, the people
,ot scare on the question of repudia-
ion, and Congress would pass an act
declaring it as the intention of govern
nent to redeem every dollar of the debt
n COIN, gold or silver. He charged that
he Republican party was RESPONSE
Die for the funding Of the public debt,
which is true. He said that the whole
'bject of the party to which he belongs
S to get rid of the funded debt, which
vas an honest confession, and if confess
ion will do man good he must have
elt happy then. He said the debt of
he government should not be made the
'lace of security of the capitalists, and
axe capital out of the way of labor.
he forgot, or WAS too ignorant, to know
hat the very money that he clamored
% have unfunded, was used to give Sc.
,urity and freedom to labor. He for
got, or he never knew, that the money
,e works to unfund and repudiate de-
'troyed slavery, which thre atened all
abof in this country. Again he do