Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-06-09
NArIONAL GOLD CURRENCY.

hopes.
NATIONAL GOLD CURRENCY.
We showed few days since, that according to
returns made to the Treasury Department, the
impoua,ious OF gold for the present year. amount
ed to a fraction over seven millions of dollars, and
the exports to a fraction less than half a million,
leaving clear gam Of SIX and a half millions up
to that time. This was the state Of the returns
to the 9th of May. Since then tAerc has arrived
at the port of New York about two and half
millions more; to be precise S2,493, LAG. This
will make niue million and this is the gain Of
| few months only
When the Gold Bill of 1884 was passed, no
thing was 50 much ridIculod reyiIed, and scoled
at as the idea Of a national gold currency. Ey-
cry epuhct Of abuse was aylshcd upon it by tho
Bank Wings, and every device OF ingenuity was
| exhausted in cont,Vanccs TO render il ridiculous.
The "goM hHmjUg" was in every Federal
mouth the nsolent question, 1chere is the gold
currency was necessarily repeated and when
the banks stopped last spring, they believed they
had killed and buried all the gold IN America, and
fell as much triumph IN shutting ii up, and ship
ping it to Europe, as the holy allies in capturing
BuoNApARTE, and sending him to St. Helena. -
This triumph and this reyiling had its day. but its
day is now gone; and a different So, Of measures
have to be instituted by the gold haters to dive
the dreaded stuff from the country. To drive II
out is now the scheme, and to DO that the whole
Federal party arc at work to keep up small note
circulation, and to force it upon the Federal Gov,
! Clnnent; knowing worry vol! that Il email papef
circulation can be kept up, every particle of gold
which has come into the United States will soon
be expelled from the country. This is one Of the
| objects OF Dir. CLAWS paper money resolution IN
the Senate; it Is tho object Of the movements in
tie House Of Representatives, to force small notes
upoa the Governments and II Is the object OF all
the Federal Wing movements in favor Of small
notes all over the Union, The arrival Of nIne
millions Of gold, with the prospect Of several mill
ions more, fills them with terror They see that
a NATIONAL GOLD CURRENCY is now
within our gaspl that it has come upon us, and
that al we have 10 do is 10 retain it. TO retain it,
it must be used, and dliiuscd, and II cannot be
used and ditilsed unless small paPermoney Is put
down. The struggle IS now between GOLD and
PAPER! between eagles, half eagles, and quarter
eagles on one hand, and shm-pastefs and small
bank notes on the other The war is between
these opposite elements Of good and ey:I--~ is m
ebony and topaz wal The Republicans are for
gold, the Bank Wings for shiu.pasler5 and small
rags Lett never be forgotten that the adyo-
Gates Of the Gold Bill in 1884 placed all their re-
lance for ultimate success ON the suppression Of
bail, notes under TWENTY DOLLARS
With paper circulation below that limit, they adj
mnled that ntliona gold currency would be I'M
possible-ihat It would be IN VAN to bring gold to
Tie country, unless the paper circulation under
twenty dollars was suppressed This WIS., the
standing declaration Of all the friends Of the Gold
Bill N 1884, and their efforts were in corcspon-
dence with these declarations. IN act of Con
grcss prohibited any note ofIess denomination than
twenty dollars from being "oGeTed' in any pay
ment. The prohibition was on the offer: II VAS
made Illegal to oBer ii; 50 that consent TO receive
it might not be pleaded as an evasion Of the act.
Mr. VAN BuREN was elected President upon a
declaration in favor Of The twenty dollar limit, and
on no point was the opinion Of the Republican.
more completely made up, The time has uow
come 10 Try hcu fidelity to their pr ncip,es, aud
Their adherence 10 a National Goid Curencg.--
The gold Is here! MOI less Than twenty-five mill.
lens Of gold are now IN the contry. Several mill.
ions more will arrive. The total amount viii
probably be thirty millions by tho end Of the year.
The question now ls, shall this gold DO dihuacd
through The country, and used by the people! OF
shall ii be driven out Of the country AID the poo
pie be confined to the use d small notes and shin
pias.ersl- Gtobe.