The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-10-02
9pftttral.
Concluded from tfrst poge.)
WENDELL PHILLIPS
THE wRECKERs WRECKS.

For the nfAt tim0 In our nihIOIyi LVB
islatures and conventions have spent
weeks in discussing "Tramps." So many
thousands Of unemployed men and 80
many more on the verge of want that In
the United States the masses are dan
gerous, as in Mexico, Italy and Spain
What wickedness and folly have called
this element 80 disgraceful to the Gov
ernment that creates it-into our streetsP
The nihistration which takes busy
ana llbsperous country and turns it into
aAandof bankrupts, its streets full ol
men Begging in vain for work, or driven
atthepoint Of the bayonet, as in Penn
sylGania, to work at starvation wages
with 100000 men in America rotting
into criminals; our highways and coun'
try towns, for the first time in our his
toryyshrinking from the sight of stran'
ger, and our courts constituting every
stroller into ruffian such an admins
tration provokes only contempt and in
dignation when it comes before the peo'
pie and expects anything but the
gravest condemnation.
CONTRACTION AND CREDITS.
In 1865 it was generally seen, and
even McCulloch admitted, that the peo'
pie, individually, we're out of debt. Mills
we're active, business remunerative, rail
ways fast paying off their debts, wages
high; everything in the market met a
ready sale, and little or no credit was
asked. Goods were bought for cash or
at ten days credit. McCulloch began
his policy of contraction. Merchants
felt, though they hardly understood at
first, the difficulty. Credit was resorted
to in order to meet the new friction in
business. From doing business in Greeh-
backs, or next door to them, bank dis.
counts we're resorted to, and men, as of
old, bought and sold on time. This ere,
ated currency, as Carey we'll terms it,
discounts increased from $756 000, 900, in
1866 to ST. 100000 600 in 1873. This was
the only true and harmful imitation, and
this, which was forced upon business
men by McCulloch and his insane poll
cy, was one of the most fruitful causes Of
the ruin that has devastated our busi-
ness circles
FRANCE ANSWERS THE MONEY KINGS.
Some men cry: "1his always comes
after great war and years of paper
money" The complete answer to this
cunning dodge of the money kings is the
example of France. In the German war
she was conquered her richest provin-
Ces stolen from her; her lands and
houses burned and spoileded by the enc
my, and her chief city, Paris, occupied
by them. After spending thousands of
millions in. defence, she was fined ST. 000,.
100000 for ransom. Yet she came out
from that fearful trial, and even resumed
specie payments. No mill is idle, or has
been, no man made bankrupt, no class
impoverished, no kind of business inter
fered with, the land laughs with en-
ployment and prosperity. Why have
we not walked in the same path /? Sim
ply because France
WAS RULED BY HONEST sTATE5MEN.
Who loved and labored only for their
country.
We have been ruled by conceited and
shallow demagogues, made willing or
ignorant tools by grasping Capital, ruled
by ROthschild and Belmontgold and the
gold room, ajoling Congress, and using
our funds as speculative kites to serve
their selfish ends, ruled by what Cha.
than called the "Cannibals of Wall
street, merciless Shylocks, laughing at
the ease with which they have cheated
the bank presidents and boards of trade,
Coolly killing the goose that was laying
the golden eggs, and leaving gulled
presidents aud boards astonIshed at the
jugglers who left them table OF empty
cups while their own pockets were full
ofgold.
LIFE FLICKERs YET.
But Mr.. Secretary Sherman says we
are not ruined. Business is still alive
and seems reviving." A thousand men
might trample down your grass field,
just before the moving, leaving it mass
of mud. Probably the eyer living forces
of nature would cover it, the next year,
with green carpet. Would it not be the
coolest impertinencs for the spoilers to
come and say, "See how much good
we've done. We haven't killed your
grass" The doctor persuaded we'll man
that he was i'll, drugged him to deaths
door with the wrong medicine. His
constitution was robust, and he stopped
one inch this side of the grave. "Seel I"
says the conceited pill-dragon, "my
skill he breatkes !"
LAsHING JOHN SHERMAN.
But, my friends, it is as impossible to
answer John Sherman as to find fault
with a weathercock. That can always
claim that it points the way the wind
blows, and so can he There is no doc
trine in finance that he has not advocat.
ed, and none that he has not denied, no
principle on either side that he has not
asserted, none that he has not secuted.
His record will be equally good whether
hard money carries the day or we
GreenbaCkers succeed.
Like the cautious early Christian at
Rome, who always took off his hat to
the old statue of Jupiter, observing that
there was no telling but what the old
faith might come up again." wide awake,
canny John Sherman has always kept
his bread buttered on both sides. 1t is
ne alone, Of all our public men, who has
proclaimed, with Catholic and generous
Indifference, that the bondholder who
asks anything but Greenbacks for his
Bonds is an extortioner aud repudiator
March, 1862, and. alsa, that any man
who proposes to pay Bonds in Green
backs is a repudiator lS79) Can any
thing be moIe satisfactory He is the
broad minded, accommodating states.
man, who prefers Greenbacks to auy
other currency (Feb, 1862, and, indeed,
WGulu sl,oW the issue of no other notes
May lo64l' And yet--not to be bigot.
ca or lntolerant, you see-he thinks our
present system of Bank notes r
THE NEARFsT IN rnp,r ,,,,,,,-.....