The comet. [volume] (Jackson, Miss.) 1877-1882, 1879-06-07
SOLID REMEDIES FOR FINANCIAL
sTRINGENCY

war, under twenty five years of uninterrup
ed Democratic administration, its entire cos
was covered by sixty>millions, and eve
the expenditure of this sum was denounce
as an unreasonable extravaganza In thes
good old Democratic days of low taxes
peace and prosperity. Now 1t takes hv
hundred millions annually to run the Uni
ted States Government, and half of tht
immense sum goes to bond-hold
ers who pay no taxes, and con
tribute nothing to the support o
defense of the government - an insatiat
sponge upon it sucking out slowly bu
surely, all the lfc-blood there Is in it.
One-eighth of the property of the Unite'
States is in bonds, and the holders of thes
draw from the substance of the land tw'
hundred and fifty millions every year
They are content to sit down and wait TO
the absorption which is unavoidable ant
inevitable. Let any expert arithmeticial
sit down and figure out this problem
and tell us how many years it will take tn
bondholders to buy the whole country : Ii
1t any wonder, then, that idle capital looks tC
these bonds and only to these bonds p thai
Investments In taxable lands and houses, and
commerce, and other stocks that required
looking after to be made remunerative,
should pail upon the expanded stomach
of the lazy, non-enterprising non-produ,
cling, inert monoyed lord ? Why should
he venture upon an investment subject to
all the fluctuations of war, famine, pesti-
lence, failure of crops, foolish legislation,
floods, exodus, bulldozery, fire, raids,
swords, ship-wrecks, poverty, crime,
drought, grasshoppers, hurricanes, bad
management, extravaganza and constitu-
tional laziness p when hore is an oppor-
tunity of putting his money where 1t Is
dead sure to bring him a better income
without any risk or expense - dead sure to
enhance in value and dead sure to place
him among the nabobs and rulers of the
land? It's magnificent device. So easy,
30 simple, so unerring In its workings.
Who wouldn't be bond-holder, if he
could? Is it not perfectly natural III ac-
cordance with the remorseless rule of the
compound interest table - for all other
values to be destroyed or made non-pro-
duotive, while this one interest is so foster
ed by the government as to enable it gradN
ally to swallow up all the rest Here is an
autocracy in its worst form Here is mex
tricable slavery for the toiling millions.
We don't hesitate to say, nor stand
upon the order of saying, that we
want the monster ham~strung. We
want some party to give him
sound blow on the crazy bone of his ell
bow, and make him loosen his grasp upon
the Threats Of the struggling masses. We
want some body to give him o metaphor
ical file to bite so that he may cease to
gnaw at the vitals of the country. We
want some powerful chemical concocted
to neutralize his deadly suction. In a
word we want the people protected from
the debauchery of capital, and not turned
over to its unfoeling pley.
We are warmly in favor, therefore, of
the Greenback principle 80 far as it looks
to the correction of this great evil, and
there ia not Democrat in the State who is
not heartily in favor of it. 1t has been as
serted in every platform, in every county,
adopted by the Democracy since 1875. Dol. |
Singleton, Col. Muldrow, Col. Money and
others, have made 1t the main text of their
speeches In their canvasses, Why then
should man go outside of the Democrat
C party to espouse this wholesome doctriner
# you were q passenger in strong and
Yell-built ship, out of sight of land, and
he captain and pilot, and all the crew were
steering for the port you yearned to enter,
md were nearing it as fast as wind and
ide would permit, would you consider it
wise or prudent, to jump out Of the vessel
nto the roaring deep and undertake to
win to the port by YOURSELF Would you
'e likely to get there before the ship did?
md wouldn't you be apt to get very wet
nd very much exhausted in the operation2
But relief from the bond holding leeches
I the country is not the only thing nor by
ny means the principle thing necessary for
ne recuperation of the people. They must
o back to the lessons taught them by their
lthers. They must learn to make more
nd spend less. They need more economy
nd less hnancierlng, more religion and less
more hog and hominy and less
olitics, more operatives and fewer drones,
lore sense and less style, more meat and
ss whisky, more patriotism and less party
IN. They ought to plant moro corn and
ees, and not so many untamed oats. No
IAN can ever get to heaven by strategy.
o man need expect to get rich who has to
ssect his hen to get an egg to eat. He ought !
have, and he must have, enough respect c
r Providence not to attempt a flank l
ovement upon the straight road, and he t
Ight to have capacity and foresight enough i
provide for bis hunger until the hen, in C
e course of nature, concludes to lay the a
g. I
There prevails in this country a deep
d wide spread error, about the necessity ~
r money. Our wants in this respect are
great measure artificial and superficial,
hen we learn to raise what we eat and to
Ike what we wear, where is the need of b
,ncy? Whence the necessity of mortgag- e
z our farms and homesteads and n
coming a subservient newer of wood ST
d a drawer Of water for another? II b
IN viii raise what he consumes, he can
along without moEey, Go back TO the d
andfathers-the early pioneers Of Missis- il
'pi-and zee how they managed. Why, a
those good old, independent and lordly
ys, a hundred dollars would carry sn Vi
erage family through a whole year, and "a
" 1t takes a thousand Then tie family q