41 It is by no means dying out. They control not only Utah, but hold the balance of power in Idaho and some other neighboring territories. The Republican Party has passed laws against this growing evil for twenty years; but, as plural marriages are secret, and juries and courts are Mormon, little proof can be obtained against polygamy. The Democratic party has opposed all such legislation. In the Forty-seventh Congress the. Republicans passed the present Utah Commission Bill, and, in the late session of Congress, the Republican Senate passed a supplemental act making it more severe. The Democratic party largely resisted the passage of the bill in the Forty-seventh Congress, and the Democratic House, in the Forty-eighth Congress, smothered the bill passed by the Senate. OUR FINANCIAL SYSTEM. General Logan says, in his letter of acceptance, “The Republican party is the indisputable author of a financial and monetary system which, it is safe to say, has never before been equaled by that of any other nation. * * The advantage of having a bank note in the house which will be as good in the morning as it was the night before, should be appreciated by all.” A former Secretary of the Treasury says: “The capital invested in National banks exceeds $500,000,000, their loans aggregate $1,300,000,000,. and their other assets are not less than $1,000,- 000,000 more. The overthrow of this system, even if it were possible to substitute a bettecoae, or its gradual disappearance, would be attended with financial evils that would react and embarrass every branch of business. The loans are generally to men or business whose capital does not equal their opportunities for the employment of capital. A financial change that would require the business men of the country to pay these loans would cripple them while other sources of capital were sought and secured. In the meantime production would diminish, laborers wolud lose employment, sales would fall off—all to be followed by still greater reduction in manufactures, trade, and consumption.” The business of this country is only safe when the people feel sure of a right and stable money basis. A party which cries for “ inflation, and down with the National banks,” and has no policy to offer instead, cannot be trusted to handle the finances of this great country. The Republican party is honest as well as safe. It reduced the losses of the Government from $7.52 on the thousand under Jackson, and $11.71 under Van Buren, to one and eight-tenth mills under Arthur.
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