Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1879-11-13
Causes of the Republican Boom.


fine il.
There was the boom produced by
the success of resumption. 1t gave
the unansw cradle evidence of expe-
renee to the wisdom of the Repub-
lican method OF finance. 1t stopped
the mouths Of the Greenbsck croak.
era. They told US the government
would not redeem its paper. There
would be run upon the Treasury.
q rush for gold and silver similar to
the rush Cor California in l848. In
a month no gold would be left in
the government vaults. Even John
Sherman at one time faltered, and
feared the realization of these pre-
dictioDs. But the people had faith
in the government when controlled
by the Rspsblican party. They
were determined to restore it to
power in both houses Of Congress.
The fallacious boast OF the Green
backers that oil the property of the
United States Was pledged to sus-
tain the government paper, when
not dime was TO be actually APP
piled by the government for that
purpose; the only actual redemp.
ton being an act of Congress that
the government should take it's pa
per for al, it's dues, was rejected by
the good sense of the people. To
make either individual or national
promises TO pay dollars equal to dol
lars, the promiser must have the
dollars on hand. He must not only
intend 10 pay bot be able to pay
when called on. The determipa alton
OF the United States to pay all it's
obligations 10 cesh at their face,
with a moderate reserve Of specie
on hand, will always prevent those
paDics which have broken up bank
lug institutions where the alright
vned holders OF their notes, in
crowds, simultaneously demand re-
d mption Of those notes in specie.
The general revival of business
which was coBtemporaDeous with
specie resumption gave another
powerful boost 20 the Republican
part /. is not often that good
tines or bad tines are attributable
to the policy or action of The gov.
erBment or political psrti,s. Fog.
land and other countries in Europe
are now suffering from short crops
and want of food. The government
is rot responsible for this calamity.
Bat it is pretty clear il no. certain
that the present revival OF business
in the United States, if rot mainly
caused by resumption could not
have taken place without it. |, is
Impossible to induce capitalists 10
embark largely in great enterprises
unless they are assured and believe
that the paper money they DO busi-
ness with to day is equal TO gold
and silver-that it will be so equal
10 ten or twenty years from now.
As long as the Republican party is
in power, they will have this assur.
Sncs.
Again, Providence has favored
the farming population with toun.
tiful barvests, good crops and fair
prices The Gree hackers led by
Brick Pomeroy thriVed and grew
strong n the "herd times" Cbinch
bugs and grass hoppers, poor crops
and all sorts of calamities were
their allies. Pouring out their an ath
emas sgainst capitalists as the OPP
pressors OF labor, as licensed rob-
bers of the poor, they ought to have
re, iced that thousands of them
were bar krupted and ruined by the
collapse of manufactures, and the
abandonment and silence of loom
and spindle, forge and furnace. They
pretended to mourn over tho mis-,
fortunes of the very class they des-
pissed, whom they stigmatized as
the Hell born" bond holders. as
thieves and robbers. Well, we would
ask the5e men if capitalists are not
doing their duty now ; are they not
risking their means in all the great
enterprises which the progress of
the age demand As long as CAPT.
talists are using their wealth as at
present, the unnatural, wicked con-
teu'lon between capital and labor
ought TO cease. Such is the i'm.
pulse given TO our own manufac-
lures that we will soon have a
strong market at home for all the
products of the farm. OF course, we
do not share in the frothy and SUI
per fetal defamation OF such men as
Boss Reyes. Who tells us that good
times have come, and are here to
stAy." We are aware that no Re,
publican Boom Gao control the ele.
meets. call down the rain in it's sea-
son or Say those calamities with
which Provid,hne may see fit to
atfl 60 the United States as well as
nthtr nations
Again, the Grant Boom added it's
force, md a great deal of force too,
10 the recent Republican triumph. A
simple citizen honored by the civil
zed world was just returning home
at time when most men felt that
his presence and his service were
needed in the Presidential chair. To