The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-22
Finance and Bankers.

It has been apparent for some time that
Nr. EWING, of Ohio, is running the House
Committee on Banking and Currency in the
interest of his political views. 1t is bad
thing for the country when questions Of
practical nature involving the public well
fare are set apart for party use, and informa-
ton bearing upon them is BIASED for the
deliberate purpose Of using it for party ad-
vantage.
The information elicite by Mr.. EWING is
evidently contrived as far as possible to
magnify the difficulties in the way OF re-
sumption, and to inculcate the idea that
"infation is needed. The bankers are
not slow to help to some degree. Ihey
want shave out OF resumption, and they
are not reluctant hcapers Of "more SACK -
upon Mr.. SHERMAN's back. A few OF them
saw that Mr.. SHERMAN must have dollar OF
specie for every dollar OF the public obi
cations, while some are more moderate, and
saw dollar for every dollar Of paper money
afoat. A great absurdity.
Some JACK BUNsBYs Of bankers are saying
that to suspend after resumption would De
very injurious, and who don't know that
And they say that II after resumption there
should be bad crop and the balance OF
trade turn against US, and Government
bonds be sent home, and SO on and so on, we
should have to suspend again. Indeed
And when was it that calamity might not
bring disaster upon this country or upon
any other country? Are we to make no
movement in any direction lest some calan-
ity might befall US !?
When country proceeds upon the basis
that things are going on naturally, and effect
will follow cause, as heretofore, that is about
al, that can be done. II exceptional and
calamitous events happen those who direct
worldly affairs are innocent. But shall
they, because these disasters may happen,
forego the performance OF public duty
and neglect the promotion OF the public
sood3 We are sure OF this one thing, that
whatever may be due to a proper precau-
tion against things probable, there can be
no justification for giving to public meas
ures bias intended to benefit party. Inc
public welfare is above party, and cannot
be made to take position secondary in
importance to the interests OF party With
out gross derellction OF public duty under
the influence OF corrupt motives.
The mass OF information obtained by Dir.
EwISG,s committee is strong for resump-
ton. The bankers yainly attempt OCCASION
ally to buIldoze Secretary SHERMAN. He
has the inside track and will triumph. We
have no doubt Of this, and, while we are
opposed TO contraction, there is no necessity
now for imitation. The middle track is the
right one. Let the partisans keep quiet.
Things are going along well. We do hope
that there will be no fixing up OF finance for
party advantage. The measures OF the pre-
sent Congress have tended to q Wise reguia-
tion OF national finance, and we trust to see
the regulations made SO complete that the
financial question will be entirely taken out
OF politics. II is one OF the questions about
which the masses know least, and, as we
haye seen, a great excitement can be worked
up about Happy for the country will Il
be y this Congress ends the matter FOR 8
long time 70 conae. SIS 81,