The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-08-13
What lie Thinks of the Re-
publican Party. @
HAVE WE REsUMED.7"
Savage Criticism of Sherman's
Financial Course.

which has been widely circulated He arragns
the entire conduct Of the republican leaders for the
past ten years. and especially their neglect of the
negro in the south. He thinks that his prophecies
in regard to President Hayes Southern policy"
have been fulfilled and that the party is now in its
all its most sacred promises "No party in his
tory" says he "has fallen from such height
ONTO such depth Of disgrace"
After reviewing in his own way the finances Of the
government since the war he continues
THE NATION BANKRUPT.
What is its result? In 1866 the property of the
nation was estimated at $4,000. OO0.O 900. In the
opinion of the bost judges the nation is bankrupt
to-day. That is. If called upon to-day to pay its
tionai state. city, county, town and corporation
dobts and for that purpose its property sold at
ent values. there would not be realized from such
sale enough to pay those debts II the property
our debts. But, II sold at the prices to which
publican folly has reduced it. We are bankrupt.
y Prices the world over were never so low
now. Yet our producing classes unable to
buy what they produce and their wages are SO low,
our exports exceed our IMPORTS very rnre thine S IN
our history. We're it to be when fair prices ruled
in the Worlds markets there would be great reason
to rejoice. But when nation only keeps its spin
dies moving by selling goods to foreign nations at
cost, or even below cost or sends its products
them-as ireland has done for century-such
fact means loss not prosperity
For the first time in our history Legislatures
"Tramps" So many thousands of unemployed men
and 80 many more on the verge of want that in the
United States the masses dangerous, in Mex
leo, Italy and Spain! What wickedness and folly
have called this element-so disgraceful to the
government that creates ft--into streets?
The administration which takes busy and
prosperous country and turns it into land
OF bankrupts its streets full of begging in vain
for work, driven ut the point of the bayonet as
in Pennsylvania. to work at starvation WAGES; with
100000 men in America rotting into criminals;
highways and country towns. for the first time in
our history. shrinking from the sight Of stranger
and courts constituting every stroller into
ruffian-such an administration provokes only con-
tempt and Indignation when it comes before the
people and expects ahyt thing bus the gravest con-
domination. s.fs.. ri H.. .,st 4.srsa
We have been ruled by conccited and shallow
demagogues. made willing or ignorant tools by
Gould and the gold room. cajoling Congress and
using funds as speculative kites to serve their
selfish ends; ruled by what Chatham called the
cannibas of Wall street., merciless Shylocks laugh
ing ut the with which they have cheated our
bank presidents and boards OF trade; cooly killing
the goose that laying the golden eggs. and leav
ing gulled presidents and boards astonished the
jugglers who left them table of empty cups while
their own pockets were full of gold. =
But Mr.. Secretary Sherman says that not
ruined. Business is still alive and seems reviving
But. my friend, it is a. impossible to
answer John Sherman to mud fault with o
weathercock. That always claim that 1t points
the way the wind blows and SO can he. There is no
doctrine in finance that he has not advocated, and
none that he has not denied principle either
side that he has not asserted that he has not
secuted. His record will be equally good whether
hard money carries the day or we greenbackers
succeed.
HAVE WE REsUMED?'
Another bold-faced Munchausen is Sherman's as
serton that we have resumed He knows perfectly
well that in this mstter the administration has
hope" He knows that in the sense in which Con-
Press ordered resumption and hard money men
threatened and expected resumption, and what
they fully resolved to finally make resumption,
it has never come, and that government would
and proved that at any time during last five years
government might have resumed IL 1t would let the
House. The hard money men scanted both condi-
tions. and proudly proclaimed they would resume on
the grave OF the greenback. When the time came
they submitted gladly. like coy maidens. only too
glad to be conquered to reissung the greenback and
Sherman himself violates the law every day in
knows that he is obliged to DO this; that
without it resumption would be failure.
Only by submitting to the superior wisdom Of
absurd and wicked legislation, are they able to-day
to play this farce Of resumption Hypocrisy has
tue" SO this cunning trick of the bankrupt repub-
lcans is stealing the livery Of heaven to serve the
theft on my assertion. The Philadelphia Ledger,
whose money art cles are known to be inspired by
Of the strongest ablest and most successful Of
our banking houses. roundly and distinctly tells
Sherman that he has not resumed.
In Portland. with cool impertinence. IL it were
not, rather, heartlcss cruelty. Mr.. Sherman wishes
you to forget that by this delay OF resumption in
the vain effort to crafty their caprce-a caprice the
stern experiment of reality Obliged them at last to
Custom House 1t might have come equally well in
1875, thousands of merchants have been made bank
rupt business has been ruined property destroyed
the nation made bankrupt and thousands left idle to
rot into criminals.
OPPRESSION OF LABOR.
This tyranny of the money. which breaks down
our stoutest men and makes bankrupt our strongest
merchants, il something to be feared. The slave
power we defed and perhaps We have killed it.
though some things look as IL we had 'scotched the
snake not killed it, but this tyranny of money has
always been the death warrant of republics Thur
low Weed says 1.-THE labor party owes its ex-
mont and the capitalists. 1t is the result
of concerted policy 70 protect capital ut the
pense of labor. During the last fifteen years labor
has Sbe9n GENEROUSLY taxed. while capital
empt In all these years Congress has shown no
sympathy with labor. and. when legslating at all.
binder policy and. at the same time. more unjust
and oppressive one, was never pursued in q free
country. and the only wonder is that the issue did
-
Burke said recognizing that there is faith due
to the people well to the holders of public
curities):"It is to the property OF the cizen and
to the demands OF the creditor of the State that
the original faith OF society il pledged The claim
OF the citizen is prior in time. paramount in tite
forgetting this, tho republican party broke the
pledge which made greeDbacks exchsngeable with
bonds, cheating the people out vi millions, which
they gave the shylocks. second. they ordered the
1863. were payable in paper. to be paid
in coin. Swindle No. 2. of some 00,O00.O00.
Third they dcmonetizcd silver and left the bonds
payable In gold alone Swindle No. .. which robbed
the people of hundreds of millions moro to fill tho
pockets Of the Rothschds. Measure, II you can,
the impudencc of such apartythe Pecksnifs OF po l.
tcs-with their hands In their neighbors' pockets,
boring their victims all the while with everlasting
chatter about public honesty"
The democratic party distrust ms pledged openly
to Southern assassns and Northern capitalists
doing always openly and shamelessly what the re-
IN lican IN IA alv We. the nafiouala are m
party whose wise claims have been honestly argued
and bravey pressed, and we stand to-day indicated
by events. all measures adopted and the sheet
ancnor OF success. $3.50 ll
think the grcenbsck PARTY has been thus far uni
formy victorious and has gained everything IL has
asked.
l. That party demanded tho RECOMMENDATION Of
silver IT is done, and The step is not likely to be
reversed
q We claimed that the grcenback should not be
destroyed but ressued The Secretary of the Treas
ury, who was IN his usual chronic state of perpiex
ity and bewfderment. gladly submitted to this
compulsion--ndecd, welcomed our victory. Thus
the dcrifcd ''rag''-thc ''dshonorcd rag''--is tho