Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-02-12
eREENBAcKs1 IN CALIFORNIA.

The question Of repeating the Specific Con-
tract Law in California, by the Legislature,
last week created an immense excitement in
San Francisco. The fact isy the greater por-
ton of the people in that State are evidently
opposed to the introduction of the paper cur
rency of the Federal Government to take the
place of the bright, solid gold and silver cur
rency which has been the only circulating
medium OF the Pacific coast for the last if-
teen years. A large meeting was held one
night last week in San Francisco, to give ex-
preston to sentiments adverse to the Legisia-
ture repeating their Specific Contract Law.
Mr.. Cheesman, an officer in the U. ). Mint
at San Francisco, was DESTROYS Of making
speech favorable to the repeal of the Law,
and the general introduction OF greenback
currency. But the meeting refused to hear
him, and in their denunciations Of his at
tempted interference, they grossly inSulted
him and his friends. But Cheesman was not
to be put down so easy: so he proceeded to
Sacramento, aud on Monday evening, in the
Assembly Chamber, he delivered himself of
what he had to say on the subject Of the Le-
gal Tender question: The following is 4
brief report of the meeting, as reported in
the Sacramento Bee of Tuesday evening:
Mr.. Chcesman remarked, Ikszt when the war be-
gan the question arose us to where the money was
to come from. The financial scheme of Chase
remciied the difficulty, and il had wruny praise
even from England When the Legal Tender Act
was passed. not one OF the delegation from the
Pacific coast protested against its application here.
He believed that the pernicious doctrine of ITO
the miners belong the mines" was the stepping
stone TO nullihcatiOn, secession and n Paritc Re
public They belong to the General Government,
who with unparalleled librrality, had allowed the
miners to work them for the last fifteen years free.
Their had been SIX hundred and thirty-scvcn mil
lions taken out according to the niaifestS, since
1919 This did not include the millions upon NIL
lions carried East by individuals OF the six huC-
drcd and thirty.Seven millions, one hundred and
scySnty.iwo millions have been coined, and over
four hundred millions sent East. Not q dollar of
it remained in the state. How much better are
we off than if it remained in the hills: The Gov
eminent had spent five millions within the last six
months for war purposes in this state. The rich
mcn of >an Francisco asked for mint 10 cost
two mi lions; they wanted 10 raise the Monitor,
they wanted the entire coast fortified, they wanted
mllllOuS upon thAfoas SPSut u aN't al
Vet were unwilling to encourage the Government
by sustaining its currency. He, Checsman want
ell 70 the dcspisrd Srccnbacks poured into this
State for the purposes mentioned Tbs popua.
ton and wealth Of the Territories surrounding
California bid fair exceed that of state, and
the only way to prevent il was to invite American
capital and reduce the rate of interest from two
per cent per month TO six per cent. per year. II
we adopted green backs Is currency this could b.
done-not otherwise. As soon rs the war is over.
and IL cannot last long, army contractors who have
mslie fortunes, viii hnd California the best place
for investment This was 4 time for sacrifice, cs
peciHlly ii good was 10 come ont of il. There
would not BE- such another opportunity in thou
sand wears. In IA time ike this patriotism should
rise superior TO Seifintcrrst He WAS u good citi-
zen who could say my house shall no. prosper in
a time like this" The speaker then proceeded 10
give graphic sketch OF the sacrifices and suffer.
ings Of the MANNED aud wounded soldiers aItcr Z
S-el: battle. They not only from a sense OF duty,
Lft their homes and families, but were willing 10
accept g-ren.bar<s without grumbling. NJ. ChecS-
man concluded by returning thanks to his audi
eacc tor their patient attention.