The Weekly Perrysburg journal. [volume] (Perrysburg, O. [Ohio]) 1861-1???, 1866-04-06
Leaving nt the ond Of eight years a
paper circulation of

p"Per clrculauon ot--.-,--.-. SoZOiOlJ,2il O2
Bankers OF acknowledged ability claim, and I
believe IL Is conceded by many good business men
that hpo dollars in Bank notes can safely be issued
Tor one in specie. Admit that there is three hun
dred millions of coin in the country, we must retire
nearly fo'n hundred millions before we can pos
siby return 70 specie payment. aii'a r" ~"
In this estimate give thosc WIN differ with me
the benefit o Two disputed points First that there
IS three hundred millions of com in tho country,
which many careful and intelligent mln deny, aud
second, thai it Is satc 10 iSsua hoj hllars in paper
ls circulating medium Tor every dollar in siocie,
wheha still iavgar number OF experienced bust
nnsS mru seriously doubt iu afaaf E4. rs4
OF course, believe epe-third of our circulation
WW 6c taken npln less than half the time | have
named, and am sure majority OF the gentlemen
who voted for the rcsuletion Which YOU sent me
viii agree with mo- that Il ought ta b. takcs mn
boinre eight wears, and in order to do No Congress
will modify this not pass a pew one next winter.
All eau see that the amount named must be
taken up before the resumption Of specie payment
is possible.
II this hin becomes a Inv. nnd hav. cysry
reason to believe Il will, the business mon Of the
country will bo relieved OF the uaco,tpiaty which
has haunted them for months, aud all can make
their future business arrangements upon the Ger
tam but very gradual reduction Of the currency
aud steady decline in gold.
The legitimate business of the country demands
stability and certainty. Gold gamblers and spocu-
latorS multiply and flourish with an expanded
irredeemable paper currency and are never hap
mer, than when everything financially is in doubt
and uncertainty. 20.
The only security and safety for the legitimate
business OF the country, Is return to the specie
standard. ss -tr r .I I-r .
BY the express provisions OF this law every
transaction of the SECRETARY OF tho Treasury In rc-
firing Tho currency, must be reported to Congress
thus giving AInpu security 10 every do,btiag
THOMAS that the pruvSions of the act will be
.plcutiielly comphed with, because when the ro-
ports aro published the world viii know whether
It Is true or false,
The faith OF the nation Is pledged To the rolcmp.
ton on deailnd Of four hundred aud ftty millions
OF ieioi tenders, and one hundred and seventy. tour
millioas compound interest bearing notns as they
become due, aud ypt the resolution, which your
meeting passed practically asked Congress not to
give the Secretary of the Treasury tue power To
meet our obligations already matured and matnr-
ing, or IL we gave him any authority il should be
so limited and restricted Ms to place him at thu
mercy of the stock brokers. .f
As a legislator, ini sQmo difficulty 10 voting
fr an act authorizing the Secretary Of the Treas.
ury "a issue milliOns of notes PAYABLE on deauhd
and payable Ia three years from date with com.
pound intorcsb aud aIler he has paid them out
and the people have accepted them on the clndi.
tisns pamed, 70 pass another act practically declar
iiug that they shall not hs rpdeemed when due, hui
shall be taken up at our own convenience and ii
our own way, say at the rate Of -four millions
month. IL a bank, railroad or any corporation
were 10 attempt any such financial porformanee
they would .be forced intA bankruptcy. Yolcd
GE the bill which passed esiorday because holo
the SECRETARY would BE- ab,o, with il, to presSry,
the faith and credit OF the natien.
/ As the tOlegrams fNm Mr. EggleSton, tigethei
with the proceedings OF yoar meeting, were mod
public, ask YOU 10 publish this letter giving m,
reasons IN brief, or voting 10 sustain ths report
4 the Committee of WAYS aud Means, aud respect
I fully request The papers IN INV district which pub
lished your proceedings 10 publish this also. :
t'E Respectfully yours,
J, NJ. ASHLEY.
\ D.B, SNTH, Esq, Toledo, Ohio.