The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1879-10-23
LET 1T BE BORN AGAIN.

Next after secession. the, most stu
pendous blunder eyer committed by a
party was the concession to clamorous
debtors, and acceptance of soft money
theories by the Democracy. But the
balance sheet has been struck and &C.
counts have been adjusted, mortgages
forecIosed. Sherman has done his
WORT, and debtors and creditors are
even. They begin life de n0oo. Cred
itors have bought in the property of
the country at one-half Its coet in pa
per and now the two classes change
places, and the holders of this proper
ty, bought under executions and trusts
would again initiate the currency that
they may sell at an enormous
profit. But the masses of the
people ., have seen enough Of
falsehood and dishonesty, begotten
of inflated currency, and spectators
in money have made profit enough.
We have lived through four years of
''Black Fridays" even in Texas, while
the process of steady, terrific contrac-
ton went on till we reached silver and
gold. All commercial peoples occu-
pying the same plane of exchangeable
and monetary values and of common
sense, and the experience of nations
compels us to remain anchored to gold
and silver. The road travelled to reach
the position occupied to-day was rug
ged enough, and there are few. who
did not rail out at times against
the terrific violence with which Secre-
tary Sherman prosecuted the purpose
of bringing the people back to prac-
tees and habits of economy and hon.
esty Incident to the use of honest mon.
ey, but Sherman's vigor aud fxedness
of purpose were best perhaps for the
whole country, its morals and solid,
durable prosperity. In any event, no
sensible person would go backward to
the ''flush times" of 1886 or of 1866.
Even such a philosopher and accurate
thinker and ressoner as Mr.. Thur
man of Ohio, having often in
Weighed against the moderate PEN
dleton idea of expansion was IN
duced by the sufferings of the debtor
class, when Sherman was squeezing
the lifeblsod out Of US, to depart from
the faith of our Democratic fathers
and court the idea of modest Green
bsokism.- 1t is great pity; for it was
q great blunder. IT Thurman had re-
NAMED steadfast, always asserting his
original convictions az derived from
the great fathers of American freedom
and as expounded by Benton and Jack
son and as taught by each financial re-
vulsion that followed each era of paper
money-if .Thurmsn. had been stead
fast he would be the next President
OF the United States. His convictions
were always night. He was only mis-
led by his. ssmpathies with tortured
debtors. But his blunder was crime,
aud Thurman sleeps beneath the
daisies. He, went down when Foster
went up. 1t only remains to watch
the course of events in New York. If
Tilden and Robinson go down; If
Tammany and -Republicanism win q
tremendous victory, the end has come
and the cry viii be sauce qli peut-the
devil take the hindmost. To avoid q
final, hopeless, wreck and overthrow,
those who areDemocrats from princi-
pie, who believe in the currency dug
from the eternal hills, who would per-
petuate the Union by perpetuatinG the
freedom Of the States, and those who
love principle rather than plumber will
cooperate next Thursday evening in
reorganizing even here in the capital Of
Texas the forces snd platform of the
original Democratic party.