Against the movement for contraction, which is commended by its simplicity and its tendency to a normal condition of things, we have two adverse policies,--one, the stand-still policy, and the other, worse yet, the policy of inflation.
Sumner critiques both the stand-still and inflationary policies regarding currency management.
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Out of this pernicious prejudice have proceeded that persecution and neglect which are the too frequent lot of the world's pioneers.
They who strive after it, Ixion-like, embrace a cloud.
It applies an arrogant and unrelenting ostracism to all who express themselves against Slavery.
Above all, welcome to the united regenerated Democracy of the North, which spurns the mockery of a Republic, with professions of Freedom on the lips, while the chains of Slavery clank in the Capitol!
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