So far and so rapidly has this fatal policy bon psusued. that at last the Government has been compelled. by the overruling law of necessity. to emit part of its hoarded greenbacks. by the purchase of which it had supplied England withgold. to suspend the sinking fund. and to iaplore Congress to restore war taxes in a time of prsfound peace. it has brought the people to bankruptey. and fearoit mayseare their fate. Meanwhile the development of the country has ceased. the great thoroughfares which were to have connected the Atlantic and the Pacific on our northern and southern borders. together with many shorter roads. are abandoned. at least for the present. a vast percentage of the machinery of the country stands idle: onethird of the furnaces have been blown out. rail and bar mills are without employment. thousands of skilled artisans in the cities. during months of enforced idleness. have- exhausted the little sums which through long years they had garnered in savingsbanks. and. with their families. are gathering about cold hcarthsides anudeating the nauseous bread of charity. Not only has the tide of immigration been checked. but each outgoing steamer carries long lists of returning emigrants. and European papers teem with all too faithful accounts of the grand movements in our metropolitan cities for the relief of the suffering poor. the unemployed clot. artisan. and laborer. and with such a text they are admonishing those who bythe hundreds of thousands have looked forward to a free home in a broad land of republican institutions. that they axe surer of the comforts of life in the lands of their birth than they could be here. Gentlemen. denying that the currency has been ymduly contracted and saying that moneyis abundant and the rates of interest easy. point to fiancial axticles in New York papers to prove the truth of their assertions. Sir. if money be abundant. why are the poor exhausting their grnered treasures and compelling the savingsbanks to call in overdue mortgages to meet the pressing demands of depositors?
Keywords matched
immigration emigrants