Year: 1874

politicians, are just now looking about
with great cagerness to hunt up some
issue of sufici mt national Importance
to serve as ral|ying cry for the crys-
talization Of a political party. The
trouble is that the old issues, about
which the Nation from time to time
lashed itself into fury Of passion, are
all dead. The old National Bank,
slavery and anti-slavery, are now sub
jects of the past, and just at this mo-
n.ent politicians are run very low FIR
waot Of party material therefore It is
probable that the most will be made of
the Presidents veto of the currency
bill by the inaationists, to rouse up a
feeling Of bitter opposition.


This quarrel is already going forward
briskly between the infationists and
anti-inaationists. The infationists have
raised the rallying cry of more money ;
money for the farmer; money for the
mechanic. &c, &c. In spirit this is a
beggarly, mean cry, and as old as the
days Of the Romans when the Pretorian
guards sold the whole kingdom for
money. Yet it has it's destinations for
the needy. Not one man in ten thou
sand has as much money as he wants,
and if party offers to make US all
wealthy, it will not fail for want of fol-
lowers.


The more-money party demand that
the printing presses shall be put to
work, and millions upon millions more
paper put in circulation; that tn e
poor demand it, and must have it.


The anti-infationists, on the other
hand, deny that the people have demand
ed it, aud assert that they have too
much sound sense to be Rulled by such
flimsy clap-trap. They also deny that
the paper is the equivalent Of money,
and that if it were issued, the only par
ty who would derive benefit from it.,
would be the uuproductive speculative
class, who would speedily sobble all
this issue, as they already have the
greater part Of former issues. They
also assert that the increase Of the pub
lie debt would fall exclusively upon the
laboriug and productive classes, while
all the benefit would flow into the
pockets of the non-productive.


We here present, in brief, the politi~
cal material out Of which a strong effort
will be made to elaborate party feeling
1t will be artistical'y worked up into a
thousand forms, and will be argued
upon with all the fervor of honest earn-
estness; while in fact. it is like the
Fr>nchman's play, "not worth the
candle"


No problco in political economy is
more readily demonstrated than the
fact that whenever public debt is ere
ated, the liquidation Of that debt falls
upon the producing classes. Every
dollar Of the United States debt, enor-
NOUS as it is, the State, County and
Town debts, are paid from the aggre-
gate labor of the country, and princi-
pally from farm labor.


This question is worth looking into
understandingly. Not single dollar of
the vast debt can be paid from any other
source than labor, unless, as Napoleon
did, we rob other nations of their treas
ure.


Toincrease the wealth of a nation, some
body must add something more to the
aggregate, and this is what labor does.-
One man raises the raw material from
the soil another man manufactures ii
ready for use, and by this process the
gross amount of the national wealth is
increased, and out of the sum thus pro.
duced public debts are paid.


This subject Of an increase or dimi.
mutton Of an unredeemable currency pre-.
sents scope for abundance of thonohi