National Republican., 1880-07-10
THE PEUIIS THAT INPEND.

the democratic persuasion to a western re-
publican friend who was visiting him re-
Gently: "Do you know what would do
i" if [ really anticipated the election of
" HANCOCK ?" "No," was the reply. "Well,
" will tell you. If | felt certain that this
government was to be handed over TO the
" democratic party on the 4th Of next
" March, with HANCOCK or any other man
" at its head and the coufederates US its tail
" would sell everything have and borrow
all the money that my credit would float
and put all into gold and stow it carefully
away, for just so sure MS that event occurs
the very mischief will be to pay--now
mark me-and gold will be gold, with an
appreciation of more than twenty per
cent in six months" There is a sermon
worthy the consideration of every loyal
American citizen in these brief utterances
of reflective democratic broker who keeps
an eye to business. This, of course, is based
on an alternative not likely to occur if the
people are properly aroused to sense of
the danger that turks around the present
crisis, but il ioretells with great correctness
what will inevitably follow should the peo-
pie surrender to a solid south in this con-
test and hand over TO their tender mercies q
government that has once been plucked
from the Jaws of death at the hands of that
section, and which has not yet recovered
from the dangers that then environed it
and still lurk around its borders TO threaten
its peace and stability.
The consequences ofsurrenderng the con-
troll of this government into the care of the
democratic party at this time cannot be
compreheuded by the most expansive grasp
of the mind or by the liveliest imagination.
II would derange the currency and cripple
enterprise, trade, manufactures and com
merce. 1t would destroy confidence in the
national policy and lrandicap the credit of
the country. Our securities would at once
depreciate under this shipwreck of conf
dence, and their redemption would be de-
manded. The loss Of confidence in the
peace of the nation and in the stability of
its financial policy would render fresh loans
to replace those which would press upon
us for redemption an impossibility, except
at largely increased rates of interest. Then
would follow q condition of things where
the greenbacl1 would depreciate in value
under a scarcity of gold and silver to redeem
| it. Then the fruits presumption would be
| lost, for the reason that disturbance Of
public confidence would lead to demand
for COIN and all know that there is not q
I t;tI,o nTt Tho nrnniouc atnlc ra-
deem the paper circulation of the country.
Such consequences are as inevitable upon a
surrender of this government into the hands
of the -confederates, who now control the
democratic party, ms that fire will burn or
cold will freeze when its intensity is
reached. This contest resolves itself down
to this point. If the democrats succeed dis
aster must follow for it has ever marked
the track of that party when in power On
the other hand, the republican party has a
record of twenty years, which has stood
every test and has borne the nation through
every trial in safety. 1t crushed the re-
bellion. 1t has given to the country peace,
prosperity and happiness 1t has intrenched
the nation in public confidence. 1t has
given the people the sOundest and best cur
rency known to the history of the world.
1t has put the wheels of enterprise in mo-
tion and set the seal of prosperity upon the
widespread and varied business interests OF
the country. This is only part of the
benefits that have distilled upon the nation
through the wise and muniiicent policy
which the republican party has inaugu-
rated and so skilIfully managed through all
the perils that the enemies Of the republic
have constantly cast in their way If this
party should he thrown out of power and
these policies should be changed then the
people would soon learn why democrat
should desire to put his all in gold under
the change.