The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1879-04-10

This bit Of history, and brief state
ment as to the situation, explains tc
my mind the meaning Of "solid South,
and the animus of the Republicans in
tho use of the phrase"
RESUMPTION AND RUIN
Let the .Ghouls of Ruin Read.
Let Those who Live BY Others
Ruin, l8ead.-HoW tho Promised
Era OF Coed Times Fails to be Re.
allxed.
Extracts from Speech delivered by Gen. l. r
Sherwood, at Toledo.
After the Let of January, 1879, We
were promised that $500 600 900 of coin
would be added to tho circulation. W.
were promised q sight of bright, new
shining coin, lighting mp and shimmer.
ing in yellow luster in all our waste.
full pockets. We were promised finan-
cial health. We were promised gen.
eral prosperity. We were promised
employment fer labor. We were
promised honest pay for honest work
We were promised cessation of the
doleful list of business failures that
have been q daily sorrow ever since
the robber policy was inaugurated.
Then, tonight, In all candor and
seriousness, let us first ask ourselves
the all-important question Have these
promises, or any of these promises
been fulfilled1 liza single one of them
has been fulfilled, where is the man to
show rs practical results.
RESUMPTION A FAILURE.
All, my fellow-citizens, the resump-
ton business is . lamentable, wicked
and . damnable failure.
1t has failed to do q single thing
promised by its authors.
1t has not revived business.
It has not stopped the list of failures.
1t has not given employment to labor
1t has not stopped the degrading
march of trampism.
It has not improved the price OF
wages.
1t has not started immigration.
1t has not put any gold in circula-
ton.
It has not improved the price of real
estate.
1t has not restored confidence.
It has not tended to alleviate in the
smallest manner the burdens Of taxa
ton.
WHAT IT HAS DONE.
What has it done7
It has everywhere oppressed labor,
and in fifty manufacturing establish
ments in the country the price of labor
has been cut down from 5 to 10 per
cent. under its operations.
1t has precipltated more and worse
business failures Gin the two months
of 1879 than in the first two months
of 1873. There 10 now no gold in cir
culation whatever, and at least $2O,-
O00, 600 less currency in the hands OF
the people than when the sham re-
sumption took effect.
Nobody can get gold if they want it
except in Gums of $50, and then only
at q single counter at the head of Wall
street, New york. anybody wanted
gold anywhere in the West resump-
ton might as well have taken place in
the moon. The National bank notes
are not made redeemable in coin by
the resumption law, and they are not
and cannot be made legal tender cur
rency, 80 that the pretended resump-
ton, at best, is.
A SHAM AND A FRAUD.
There are more SHERIFF. sales now
in the newspapers than last year at this
time. The bonded debt of the United
States has increased one hundred mill
lions since Hayes became President.
and but recently the Secretary of the
Treasury sent q communication to
Congress asking authority to issue
millions more bonds to
meet that amount of shortage in the
revenues for the current
year. This is a certain indication
that the Government, like majority
of its citizens engaged in legitimate
is drifting into bankruptcy.
We gathered last year the largest
harvest ever known In this country
since the first pioneer struck the first
plow into the virgin soil of this Con.
tinent. We have had the best winter
for business and labor ever known
We have . new country, not one-tenth
developed, the richest in agricultural
and mineral resources in the world
and yet million men are out of em.
ployment, and labor everywhere
PAUPER AND A BEGGAR.
In tho city of Toledo alone, during
the past four years there have been
eighteen hundred men, women and
children turned out of house and home
and stripped of their all by this infa'
nous robber policy, while one man Of
unlimited credit has gobbled to his
own use. for less than one-third value
over a square mile of our once pros
porous city. During the last year
there were one hundred and twenty
two Sheriff's sales, besides the sales by
the Master Commissioners. The sales
by the Sheriff alone in 1878 include not
less than six hundred distinct proper.
ties, each one of which represents some
unfortunate laborer robbed by law.
The property sold by the Sheriff re-
allied $l77,lS7 Is, and its cost to the
owners was not less than $5OO.OOO. o.
these vast properties of the homes o.
the industrious mechanic and laborine
poor Of Toledo,