Savannah morning news. [volume] (Savannah) 1868-1887, 1882-10-30
THE DEMOCRATIC VICTORY IN
OHIO.


Mr.. FOIgersa Shrinkage of 100000
600 of Ihe "Great PrOpersIea"-
what Does it Ind'cate2
Editor Morning Aeus: Il often happens
that men in alarm burt out truths that for
their own interests should have been sup
pressed. OF this nature is the recent state
ment by Mr.. Folger. that "the Democratic
triumph In OHIO had caused, the next day
after it, decline in the great properties Of
the country of $40 100000 in value. The
assertion may have been merely al captain
dam, to frighten capitalists into renewed
active efforts to keep the people under, as
they have controlled them for twenty years
past: or It may be true. We accept 1t as
fact, coming from so high a source, and
proceed to examine its logic, viz: What
were the consequences producing such
financial effect, and what they prove.
Mr.. Folger, as we know, is the present
Secretary of the Treasury, and candidate OF
the "stslwart wing' Of the Republican
party In New York for the Office OF Cover
nor of that State at the next election by tne
vice OF forgery. Now, ''the stalWsrts," as
their record shows, are monied aristoerats,
who, proud in their purses, would change
our form Of government from democracy
to an oligarcby by investing the supreme
power of the government in few capital
ists. or s'third termers," as politically
called. and in a perpetual President. To
these stalwsrt capitalists belong the great
properties" of the country, whose values
fuctuate IN cur markets and stock ex-
changes, as their rich owners play their sever
81 games to Outwit each other by sharp prac-
tees or by reckless speculations. Having
the money, these stalwarts can put up or
knock down prices OF goods, clothing, ana
the necessarles of life, by "cornering," as 1t
Is termed, everything salable, and COM
polling their immediate competitors ana
the people at large to buy or sell
a. prices based upon false val
ues that they, having the csAtrol,
arrange for the promotion OF their own
already enormous financial interests. From
these speculations in all that supports life
and makes It comfortable, the people are
excluded for the want OF means, money or
credit, and the many consequently are at
the mercy Of the few who WELD the capital
and credit of the country, and must buy and
sell as these wealthy few may set the prices.
the great body of consumers, the people,
derive rarely, If ever, any advantages from
the fluctuations in the market OF "the great
properties as Mr.. Folger terms them, as
they buy in small quantities at retail prices,
increased as the markets rise, but not
diminished when they fall.
As an instance of this power OF capital to
control the little earnings OF labor, we may
recall the suddenrise in -four Of 81 % per
- = o{k oh rraa
a. m. and II 10. Of one day, caused by a
corner operation of millionaire in Chicago.
1t is evident, IL examined, that the people
are not interested in the ''great properties"
beyond their legitimate trade value devoid
OF speculation, and therefore that the de-
cline of their values is not matter affect
ing sthe general welfare" but only the
pockets of Mr.. Folger's friends, the "stal-
warts" and hence his cry to them for help.
"Conscieuce makes towards Of US all"
and In the late revulsion OF political sentt-
ment and Democratic victory in Ohio, Mr..
FOlger's "stalwart" mind apprehends what
is coming, viz the triumph Of 'the peoplep
over the capitalists, who have so long ruled
the country byathe power of wealth and
the reduction OF their "great properties" to
an honest and stable basis OF values in our
markets.
That this is so, short retrospect will, l
think, satisfy inquiriug minds. The civil
war destroyed In the Northern people all
confidence in the attachment of the South
ern States for the Union, and at its close
this distrust was crystsllized into positive
belief. But SIS time went on, and the South
ern States proved faithful to their accept
ance Of the issues of the war, and returned
theoretically to their duties in the Union,
this discredit of the honest disposition OF
the South towards the Union began to die
out in the popular Northern mind. But this
return to fraternsl condolences Gid not suit
the plans of the bondholders and capital
lists GENERALLY, who had been work
ing the common Treasury Of the
United States for their own benefit on
various pretexts, to preserve the Union
from destructive schemes still entertained
by the Southern States should they regain
Influence In the government. To keep the
Northern people blind TO the true state Of
the case, SO that they might work the
Treasury at will, the "bloody shirt" was
waved, and every falsehood to d stroy faith
in Southern honor was invented and circu-
lated to hoodwink the Northern people.
But In spite Of all cunning
expedients to keep the labor
o. their own section in political darkness,
CLEANS OF light would occasionally fash
through accidental cracks In their temple
of corruption and fraud, and illuminated
came excited. Rogues fell out and gave
away'' each other. Aud Vlllainy after vii
lainy became the subject for Congression&
investigation, including in their Shiny folds
many leading pubic men. AS far back as
the 9TH of September, 1876, We find con-
vention OF Republicans in the Nineteenth
Congressional district Of Ohio, passing the
following resolutions
First. RESOLVED, That dishonesty, fraud
notorious and obvious in the administration
OF our National Government, as to be not
only humiliating and d.sgraceful In the es-
timstion of every honest and intelligent
citizen, but to imperil the prosperity of the
people, II not the stability Of the govern
ment itself.
Second. Rsso'ved That this deplorable
condition Of the administration OF our Ma
tional. Government is largely due to the
election to Office and continuance therein OF
corrupt, dishonest and venal men.
Third. RESOLVED, That 1t is useless and hypo.
critical for any political party to declare for
reform in its platforms, papers and public
addresses while 1t insists on returning to
high official place and power men who have
been VIGOROUSLY connected with the very
schemes OF fraud which render reform
necessary and urgent; that to send those to
enact reform who themselves need reform
ing to make them honest,is worse than "set-
ting the blind to lead the blind"
BY the date quoted 1t will be seen that
this good seed was sown in Ohio six years
ago, and has been silently growing and
gaining strength, until ready for the harvest
It fruited in the surprising Democratic vic
tory of the last election in that State. And
reasoning by analogy, may we not hope that
It is an indication of similar large crops in
othe- States from the November elections
Mr.. Folger, with reason, may well shrek
for help to protect the "great properties" of
his friends.
DEMOCRAT OF THE OLD SCHOOL.