The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1879-08-07
THE mo CONTRACTION" LIE.

comfortable condition. 1t left them
without anything to hold their plum
dering and corrupt organization to-
gether or to rally it into active e
vice. In consequence of their defeat
in this old worn out and disgusting
political clap-trap, to rally the CO
horts, they are resorting to bold,
barefaced falsehoods, to befog and
deceive honest men into the support
of their nominees. JOHN SHERMAN
sounded this kind of a key note in
his Maine speech, and so outrageous
and untruthful were his statements
about the silver question and finance
generally, that even the Chicago
Tribune, az intensely radical and
INSCRIPTIONS at it is, took him to
task about it and gave him q severe
rebuke for his deception. The les
ser lights of the Republican party,
the crossroads stumpers and store
box politicians have now caught up
the cue, ard are vigorously plying
the falsehood and deception dodge
about our money matters, to mechan-
les and laboring men, in order to
hold them in the Republican ranks
We heard one of these gentlemen al
it on streets the other day. H.
occasionally blows his fog-horn from
the stump in this county, and will
no doubt do it this fall and make the
same assertions. We don't want to
tell who he is for he is running OIL
the Republican ticket for Prosecu
ting Attorney, and it might be
thought we desire to injure his pros
pects! We don't. We merely wisl
to inform him that when he tells his
audience that there is as "muc1
money in the country noW as during
the war," he either knowingly or ig
norantiy lies under a gross error
and we are prepared here now t.
'tgive him good Republican authority
to prove what we charge, so that il
his political perambulations this fal
he may be a little more careful o
his statements. Now, what is TIL
truth of this assertion that there i
"more money in the country now thai
ever before" Hon. G. S. Ortiz, 0
Indiana, one of the present Republi
can National Executive Committee
on the 7th of April 1874, made
speech in Congress in which he said
"Immediately upon the close of til
war, the amount of all kinds of curren
cy in actual circulation, or serving in
directly for that purpose, was but littl
less than 50, 1000, 900, 6OO, 90. At the clos
of the fiscal year, June 1865, the amour
of currency was one half of the forego
ing amount. y And yet takin,
the years between July LIST 1868, an
June 30th 1879, we find from the officia
report of the Treasurer an ABsoLUT
CONTRACTION and reduction of the cur
reDcy to an amount not less than $500,
600 900. Is it any wonder that til
crash of last September came upon us
:, So Ortiz of the Republican Ma
tional Committee puts the contrat
ton till June 1873, at nearly on
thousand three hundred millions
Did he lie about it? Next witnes
we call to the stand is U. S. GRAN,
, in his message of December 1, 1877;
. who said:
SIN view of the GREAT ACTUAL co,
TRACTION that has taken place in Il
currency, and the comparative contra,
ton continuously going On sc. **
And in the same message:
During the last four years the GU
! rency has been contracted directly b
= the withdraw of three per cent, cert
%ficates, compound interest notes, an
'seVen-thirty' bonds outstanding Marc
4th 1869. During the same D
riod there has been q much larger con
S paratiVe contraction of the currency
Did President Grant lie? Me-
witness is Hon. W. D. KELLEY,
Pennsylvania, better known as "Pi
e Iron Kelley" whom the Republican
s of his District have kept in Congrel
s for twenty years. On the 18th
February 1875. in Congress he sail
GAIL that 1 have asked is that W
n PAUSE in the horrid work of contra
ton, which is booming honest, Who'll
y hearted men and virtuous women
J. penury and want. 1 only o.
Congress to have some sympathy wi
u some consideration for the producil
classes of this country, and not to b
+; stow all their consideration III on Il
l Bond and Bullion brokers who deal
our national credit"
~Spalding's Finance His
10 tory, page POI, giving
n the amount of eufren-
II cy in 1865, puts it at $3.50, OOO,O
ut And U. S. Secretary of
If Treasury report for
1874, pages 160 and
u 16l, gives the amount
% in circulation Noyem-
Der l, 1874, at $77S, 942,1
he / ess reserves held (see
pages 1860 1921, $780,
r Leaving in circulation in
lr 1874 1888. 1892. !
in Did Mr.. Kelley lie? There is O
10 more witness we want to call on {
10 stand for the benefit of these bio
III hards of as "much money as ever
the country" 1t is Mr.. JOHN Sui
MAN himself, and is the very lat
OF statement issued from the Treasu
at Department, July LIST, 1879. I
NJ