The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1880-10-14
Let Business Men Consider.

The attempt to raise business scare
must prove an abortion. Let US see
John Sherman, in the letter he addressed
to the American Bankers Association
last August, said the circulation of the
National Bank Notes had run down from
1855 600 600 in 1873 to $316 600 600 in
1877-a contraction of 100000 The
volume of Greenbacks was being con.
tracted still more rapidly. Silver was
outlawed as money in 1873 by Repuo.
liCan Congress. Under this Republican
policy, furnace fires were extinguished,
rolling mills and shops were stopped and
workmen were idle. Was not this a
business realityP
Mr.. Hayes, in his address here at the
Soldiers Reunion Oh the lst of Septem
Der, said the failures since 1873 averaged
about 5000 year, which for seven years
would make $4,000 failures, and that the
average assets for each years failures was
about 5000 100000.
Where then was the tariff that Nc
Kinley, Autman & Co. talk aboutP The
Tariff stands to-day as it stood then.
Against the panic it was no protection.
Neither did it lift up and put on its feet
the PROSTATE and broken industries of
the country. 1t did not recall the tramps
from their weary wanderings and give
them work. 1t did not light the fires in
the furnaces, forges, rolling mills and
shops and set the machinery in motion
Mr.. Hayes also said in his address
here the exports of farm prodacts in
1873, the panic year, amounted to $l7S,.
973 739, and that for the fiscal year en-
ding the 30th day of June, 1880, they
reached the sum of $43O 962 197-An in
crease over 1873 of $252 OUO OOO,in round
numbers. He, also, said that since re
sumption-that is, since January l, 1879
there has been added $l7500 900 in
gold to our volume of money. The de
bates in the meeting of the American
Bankers Association that was held at
Saratoga in August showed that since
the law OF February 2S, 187S-the law
by which silver was was restored to cir.
Cuation as money and which provided
for a coinage Of silver not less than two
million dollars per month and no more
than four million dollars per month
went into operation the coinage of silver
had up to that time amounted to sixty
million dollars, and Secretary John Sher
man, in his letter to that Association,
said that the circulation of the National
Bank Notes since 1877 had increased
from 1916, 100000 to 1914 OOO,OOO-an in
crease of twenty. eight million dollars.
Since February, 1873, we have had an
increase of sixty million dollars in silver,
seventy. five million dollars gold and
twenty. eight million dollars in National
Bank Notes-raking total increase of
one hundred and sixty three million dol
lars since February %, 187S-less than
two years.
When we consider, too, the grand and
abundant crops North and South that
have helped all this along, any one may
see the causes of returning prosperity.
Remember too that Democratic Con-
gress has helped all this on. And re.
member also, that the election of General
Hancock will not disturb nor interfere
with the business prosperity of the coun-
try. The Democratic policy is rot to
disturb values nor interfere with and op.
press business. Besides; good govern
ment peace, good will and harmony
promote business prosperity; and that
the Democracy ever gave and will 30
continue.