The Weston Democrat. [volume] (Weston, W. Va.) 1875-current, 1879-09-27

must necessarily be for the better,
and business begin to revive. Spc-
Gle payments are resumed, us it is
called; that is, paper money and
specie come to par. 1t is not this
resumption, so called, that pro-
duccs 4 revival OF business, but it
is the revival ofhusincss that pro-
duccs the resumption. In 1851
one Of these panica occurred. In
five or six years thereafter, indcht-
cdncss being in Il great measure
liquidatcl, or wiped out by the
bankrupt law Of 1911, business be-
gan to revive, and, rs Il consc-
uuencc. we had what was called Il
resumption Of specie payments. In
1857 We had another panic, IN ! its
history would have been precisely
that OF the panic Of 1857 Ind not
the civil war occurred. In 1873
came the last panic, AMI, without
any resumption act, five or six
years, rs in former in$tanccs,would
have brought It's back to = revival
Of industry and 4 resumption Of
specie payments, SO called. If |
understand one Of the speeches Of
tho Secretary of the Treasury, he
admits that the panic of 1873 made
resumption possible. Ii so, where
is the merit OF the resumption act
which was not passed until Janua-
ry II, 1873. Iagrcc that resunip-
ton necessarily followed the panic
Of 1873, just us it followed the
panic Of 1887, without a resumption
act, but it took five or six years ~
resumc, just as it took the same
time after 1887.
But another cause has largely
contributed To 0ur S0.callcd re-
sumption, and for this cause our
Republican rulers can certainly
claim no credit. Owing to bounti-
full crops in America and short
crops in Europe for three years, the
balance of trade, instead of being
against us, has been largely in Our
favor; until, at length, gold is hc-
ing shipped, in large amounts, to
this country To pay for breal.
Another cause that has facilita-
ted the equalization Of paper and
coin, was the Democratic measure
Of rcm,Ar;ia;ng silver. which Pres
ident Hayes vetoed, but which we
passed over his veto.
Still another, was the Democrat
ic bill that put IN end TO the de-
struction OF the grrcnback. For,
without the grccnback in existence,
neither Secretary Sherman nor the
National banks would have the
audncity To pretend that thc%
could maintain actual specie pay
nlcnts. In Il word, my friends, the
claim OF the Radical leaders to
your support on the grorn! that
they have brought about prosperity
to the country by II resumption OF
specie payments, is 4 bold pretcnsc
without amy foundation, in fact,
and that CAN deceive none but
those who are ignorant or those
who wish to he deceived.
In conclusion up II this suh;c t,
let me say,that they who cI q sc us
with 4 purpose to undo what u
been done, and plunge the country
into Il wild career Of infIa-
ton, do lis the greatest injustice.
However much We dcplorc the SUI
Ecring that has been caused by
Radical measures, and especially
by the contraction ofthc currency,
we have 10 purpose u embark up
on Il career Of wild md"sensclcSs
speculation. There never was Il
platform adopted by 4 political
party in America that insisted so
strongly upon Il staple currency as
docs the platform ofth Ohio De-
mOcTry. To that platform VIC
can safely poin, for Il complete ref
utation ofthc false accusations Of
our enemies.
My friends, ! have hut one thing
more to say To You to-night, for it
is time that | llmI brought my re-
marks to 4 close. have been
much amused by the inventive &C.
Mus Of our opponents us l have
seen it lately displayed in the
press. Ono day | have read of Il
horrible conspiracy of Thurman
and his friends To defeat Ewing,
and the next day Of an equally