The Evening critic., 1884-08-09

II tuSlc 10 pblinBCuCy III oho LlVuoJ
market this fall, and it looks very much
like it just now-it can be very justly
charged that any damage resultant there
from is due to the laches Of the Democrats
at the first session Of the Forty eighth
Congress. They had an overwhelming
majority in the House, and also in the
Committee on Banking and Currency.
They were warned Of what was coming If
some steps were not taken to prevent it,
but Judge Buckner and his committee
stood squarely in the way Of any measure
Of relief, and none was passed. Judge
Buclzner is a bitter enemy of our National
banking system, and he is bitterly opposed
to any measure that enables the system to
maintain its popularity among the people.
And, beside, Judge B. had a pet measure of
his own, which was to destroy the National
banking system, and permit the Treasury
to issue flood of irredeemable Treasu ry
notes in the place Of the National Bank
notes-irredeemable because the Buckner
bill made no provision for the redemption
of the Treasury notes with coin. And be-
cause his pet measure did not pass, Buck
ner determined that no other bill should
pass either.
Seeing what was coming the Republican
Senate prepared and passed bill which
would have expanded the currency of the
country ten per cent, and sent it to the
House, but it got onto the House calendar
so that it could never be reached under
Sam Randalls cast-iron rules. Therefore
| it never was considered in the House at all,
but was hung up, and SO remains to this
day.
In consequence of this failure to pass any
measure for relief there has been contrac-
tion Of the currency within the last nine
months of S17,5O0,000, and the process i:
still going on. The fall business of the
country is about to open-heavy crops are
to be moved from the fields where they
| grew to the seaboard cities, but where is
the currency to be found to effect oil these
exchanges? The banks have not got it and
| private capitalists are too scary to let out
their money just now. Therefore if mis-
fortune and bankruptcy comes to our bust
ness men this fall they should lay TIA,
blame where it belongs-on the shoulder
of this impracticable Democratic House.
1t is a fact that is apparent to all VIII
have watched the course of Legislation
whenever the Democrats have control o
either House of Congress that they arc ut
terly incapable of formulating and passing
wholesome legislation. They are utterly
unable to comprehend the needs Of thu
country on any given question, and, there
fore, all they can do-all they ever hav'
done since the warts to negative ever!
proposition the Republicans offer for pre-
serving or increasing the prosperity of th'
people. And, yet, there are people 50 fool
ish as to think and say that it don't max
much difference whether the Republican,
or the Democrats are in power. And ther
are some, too, who are in favor of thrustinI
the Republicans ont, because they hav
successfully conducted the business of tn
Government and of the people for the las
quarter Of a century-a proposition SO alb
surd so foolish, so ridiculous that the mer
stating of 1T is enough to insure its promp
and contemptuous rejection by all sensibl
people.