Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1879-08-07
Notes on the Greenback Editorial.

Its title is What is the Matter ?"
and it comes quickly TO The point
that interest is the matter. The
writer is correct in assuming that
there is something the matter, and
we believe him in this article To- be
honest IN the presentation Of
HE opinions, No doubt there have
been people who honestly believed
the moon was made OF cheese. Ger.
tain other persons for amusemer I
taught them to believe it. The
writer is in sympathy with the
poor. He squirms under the U. S
bonds, and though we suppose him
to be honest he exaggerates the in.
terest burden on bonds, and then
calls them "only insignificant items
10 the grand totals that the McCul
lochs aud Shermans have fastened
upon the tired backs OF Americas
toilers." He then apparently pro-
ceeds TO saddle upon the "McCul
lochs and Shermans" the 100000.
600 interest on railroad bonds, the
S150,000,000 on mortgages, and the
350,OOO,000 on private and munic.
ipal debts. A mind not jefuddIed
with the crazy notion that all our
miseries and diseases como of poli.i-
cal administration, would call those
who brought about the railroad
bonds, the mortgages, and the pri
vate and municipal debts by some
other names than "McCulochs and
Shermans." The railroad b0hfs,
mortgages, municipal debts aud the
heft Of the private debts were crea.
ted at the very time the Greenbaok-
ers call good times. The times hat
they say the McCulIochs aud Sher.
mans brought about are the times
that stopped railroad bu'lIirg and
mortgages and other improvements
private and public for which private
and municipal debts are created
True enough the people are carry
ing woighty load of interest and
it is the interest on these private.
municipal end mortgage debts, 9th
CT than tho national public debt
that is burdening them. There new
or was debt 80 little felt as that
debt Tho toiler has reason to com
plain out it is not on account of the
national interest he pays. II in the
good times he wants TO como again
he mortgaged his farm and has not
been able to meet the interest and
pay the debt, he might complain of
his own imprudeace, but he may BIO
thankful that it will now take q
very little money to start business
anew.
The Greenbaeker represents that
the toilers pay 100000 annually to
the uon-produeers. and only $780,
600, 600 are paid in farm wages.
This pic are is more than half true
and we wish it were other wise. But
the change will not come about
until The people cease to be lead by
deceivors, When they have earned
and obtained good hsrvest they
must not allow themselves to be
beguiled into turning it over to the
glib torgued "cormorants' as they
come along. They must not be- too
easily induced to mortgage it either
for municipal or private purposes.
They must not vote for political
sharpers nor be misled by political
spies who, pretending to be doctors,
tell them their disease is in the
heart when in truth it is 10 the
head aud spine. There is something
the matter, true enough, and if the
people could only understand what
it is they will be easier cured. If
they listen to quacks or TO men
whose interests are to doctor them
to death they will be a great while
recovering,
We did not intend to review the
Greenback article referred TO and
will not notice several of it's errors.
Bat it would not be proper to omit
a brief REPUTATION Of its position
in regard TO France, sl.hou IN the
HERALD has frequently and thor
oughly shown that tho history and
condition of France sat every step,
proof of the falIaoy Of the Green.
back theory. If in France they
Save the interest to the producer
1t is because the producer "pays as
he g0es." He lives on his own work
and instead of mortgaging his prop.
erty for deprecated money in so,
called good times. and then CRYING
down the bonds of his country,
given in its hour of trial, manages
to lay up one of those little bonds
and thus "saves the interest to the |
producer T." Then the "French far.
mer becomes the most contented |
sgriculturist in the world" There |
is in fact not as much money among
the people as in this country, per
capita.
We have called this writer mode
rate and presumable honest, but no. |
tiee that while he figures towards !
the first Of his editorial that the PEG |
pie pay in all $500, 600. 900 in inter- /
est, towards the last he saws after.
taking out the 81, 100000, 900 of pub
lie interest that there W ould be left
"only 500, 000,00 as against 81