Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1880-10-07
From the Burlington Hswkeye. !

laDOfluS, pTouuCtne duu COinuclClai ll-
| terests. They are al thriving. Indeed,
! their rise and progress Of late is we'll nigh
fabulous. Alter the bubble of unreal
buoya ncy burst in lS73-a bubble result
ing largely from the vast issue, because OF
the war, of currency with its depreciation
and corresponding fictitious nominal
prices--sil industries, enterprises aud IN.
terests were as rule ruinously depressed.
The heaviest share OF injury fell, as II
alwys does in such epochs, on labor.
Men who had laid up money, capitalists
as they are sometimes called, fearing To
hazard their mans in such shifting and
uncertain times, waited tor the evil days
TO pass by. Money was locked up aud
boarded, or put as tar rs could be, beyond
the reach OF loss or chance. Stagnation
of course followed The country was full
of men ready to put their skill and brains
and hands al work. Those who saw
promising business opportunities, If they
had capital of their own, htsltated TO en-
bark it; but Tar larger number, who's
capital consisted Of honesty, energy and
ability to do, were paralyzed because
others would not risk results made unCer-
tain by the general disturbance of values
and securities, and by schemes for still
further unsettllng all money standards
with which our politics were rife. Indus
try and labor In all the walks of lie were
smitteu grlevously.
Recently all this is changed. Capital no
longer shrinks and hides. Every branch
of occupation hourishes. fair days
work commands tsir days wages, readi-
ly. Enormous crops at good stable prices
have made great harvests, not only tor
farmers and laborers, but for millions OF
men and money engaged IN the carrying
trade and in other trades. Our produc-
tons sold To tue Old World, which used
to be paid for in our high interest bonds,
and in manufactured articles returned 10
US, are now paid for by millions IN gold
immigration pours In, spreading over new
fields from which wealth will sprlug. |
Fixed stable money has taken the place
of juggling, fuctuating paper promises.
The taxes inf tcted by the rebellion have
have been, in great part dismissed. The
interest. bearing debt has been one-thIri
paid. The interest charge--the worst and
hardest feature Of all debts-has been
halved.
When schemes of reputation and
ruinous inhation met their death al the |
hands of the Republican party, headed by
President Grant, all lenders OF money, H.
both hemispheres, noted the fact Imme- !
diately our credit rose, and 10 borrow at
four per cent. became easy where 10 Dor.
row at seven per cent. had been hard.
Paving off bonds bearing high interest
with money obtained at low interest, re-
ducing the needed revenue, has also en-
abled us to strike off great total OF taxa
ton. AT the same time, laying duties on
foreign goods, so as 10 tax those which !
compete with our own productions, thus
giving incidental protection to home man. !
ufacturers, not only raises revenue in the
least oppressive way, but by the same act
fosters American industry. Those VINO
think that TO be great and useful party
must produce dramatic and sensational
etfects-must have ostentious disputes
with foreign powers--must invent ioyel
and high. sounding theories, may see little
in all this to FL the MEASURE OF party's |
usefulness. Such must DC the idea OF those
who think this good time TO over nrow
the Republican party, ana put the country
IN the hands Of those who again seek its
control
During the war, with a large part OF
the Democracy other WI Sc engaged, busy
where they lived IN breaking up the Gov
erument by war and revolution, their poll |
teal associates in the North arrayed |
themselves on the wrong side OF every
measure which has tended 10 bring about |
the prosperity We now enjoy. Against |
the Northern wing the Republican party
was able to hold The fort. Now the South. |
ern wing has returned from the battle to
the bailot-boX, and both wings confront |
us. This increases the danger-trst, be. |
cause of numbers and the way numbers |
count, and equally because of the kind OF
domination 10 which II subjects the De !
mocrscy AS sarely as the light end of |
the BALANCE kicks the beam, he small |
light North end of the Democratic party |
must obey the motions OF the great heavy !
South emo. la Congress, Cabinet, caucus |
and convention this is the rule as intlex /
ible as the law OF gravitauon.
The immense interests which make up
the amazing TOTAL of our strength, and /
wealth, and primacy, reside chiefly 10 the |
States that are not solid" but which toll /
erate tree thought, free speech, free cleo. /
tons and equal rights. For these States,
comprising as they dc such so overwhelm.
ing proportion Of taxpaying, labOring, |
producing aud property. holding interests,
the pending political question is very |
plain. 1t is whether they are safer with I
currency, taxes, tariff appropriations, aud /
other vital affairs, IN the hands OF those .
who represent them anu their ideas, ana |
are identified with their INTERESTS and his
tory, or IN the hands Of party, the gov 1
eruing majority OF which is so radically /
different IN tradition, history, methods,
motives aud aims,
In Joint stock association, all stock
holders and all classes of stockholders
should have their full share and full
rights; but whenever those who own the
hrtN l. IN hyn1n yVfA f.f 3