Year: 1878

"The wind is bowling through turret
and tree" one may well quote, as the
political tornado leaps from California to
Maine and tosses both the eastern and
western extremes of the nation in its
whirling embraces. 1t betokens change
in season, no less than these autumn
winds now blowing through the woods
betoken change from summer to, win
ter. The political leaders awoke from
their slumber the morning after the
Maine election to find their occupation
going, if not gone. No more for them
the "plumed troops" or 1.-The big wars
that make ambition virtue" "Othello s
occupations gone" But only because
they had made Othello first to go. The
face of the nation changed in night. Is
it the beginning of the end? Is there
any principle involved in it? Can it en-
dure? "Who and what art thou, execra-
BILE shape" cries out the terror-smitten
politician, that dar'st present thy mis-
created front athwart our path ?" Why
is this, and whence and whittier?


To the question us there any principle
involved in this movement there is
but one answer. None. There is
nothing in cyclone except hollow
cylinder moving on its axis and on nat.
ural lines; nothing in this tornado but
hollowness and fierce movement nothing
in these ideas or leaders that is solid and
enduring. They came in night; they
will pass away in a night.


The question of finance has no substan-
tiality. There is no perceptible differ
ence between the two sides in which the
debate necessarily divides. With green
backs on a par with gold, there can be
no real difference as to the currency
question. Until the national credit is
lowered, which will not be until the vol
ume of circulation is increased beyond
the present amount to such degree as
to break that credit down, there will be
no decrease in the value OF green back
Our national currency passes for its face
in England, Canada, Germany, or with
only trifing discount for exchange. 1t
ranks higher in these countries than
their paper money would here. A gen
tleman who lived long in Germany told
me an American bank-note passed as
freely in Frankfort as a German thaler.
as an American bank note.


l was charged two per cent. discount
in Canada on our currency, but only for
| railroad tickets. They took it at par foI
goods. demonstrating at that two pei
cent discount, the reply was made
You won't take our bills at any dis
count" And we would not No Cana
dian bill would pass in New York. Thou
sands of American bills pass freely il
Montreal. Why? Because our credit i:
established in the marts of the world
AS long as that credit holds currency
holds. When that goes all goes. Is
there any danger of its going? None
All the financial theories must ultimately
settle on a national paper currency, re
deemable in gold at the Treasury Depart
ment in Washington, and only there
The cry for unlimited currency, for fiat
money, for communism, for labor verS1
capital is only the hollowness bred b,
the previous stagnation of national poll
tics. 1t is an assault to break up a vic
torious party, because that party ha
ceased to advance along the lines of it
Idea. 1t is bred from the criminal AM
cowardly neglect by this party OF it
own organic duty. 1t is the natural out
come of its own corruption. The case
which initiate and burst to pieces dea