, 1866-01-19

ton increasing Tho interest paying inaesteads:s A.
Dnt to ne y would seem wisE for the nation %
ia u ss .sy ~ Ss Se 'assdSs rsaaso9 Ro Il tSs
amount of carfenc1. win be Gradual,
upon The land saeh y thls Evneraifon
Tan not reeoser tron. Aesin. evcry
st4 ao5a. :. ,a1 aesssesd e n this way Ia las
than We got fof It when II was ssued and /. sut1
cient answer to any demand 1hst tho Government
IS IN honor bound and on9ht 70 PIT II In q ahape
But, again, It Is expected, 10 tset e.ery one who
EctlsnR leeaiiende1. By Exchanging. them for
tbst Ta,aes Of N Hnds siu b mstesisliy reduced,
which Will make It h2rer to the extent Of sash
ductEon tn ynlues, for the prodpcer and aboreE to
TINT The Indebtedness Of the people, one to another.
Is counted BY hundreds Of millions, and this eau
now III be paid by legaltende1s at par. and as this
stem a, 1sst TO make but liale difference MIA, III
god value were; but when It IL remembered that
his tndchtenesa is a1Taye dne ifom the ns.ssa 10
reston sesin Spar nI,oo oe1oas vi; baker sod
money eeangeEh shnrld toAks VIZ eu leRaaicudess-
Tor Il i csplsast. who ths debt, nd The whole
eanT 6or1ow hundred dollars 81 tic nancy caIcr.
OF huY little homestead for his family. but be h9s
pay he rich lender or seller, IN addition to his
fos no.e o. deedrana ihas thei poos
hsse II a! to PAY at IT, Bat sgan the great enlk
Of The lndisiduA debts Of 1hs people have bsen
Of paying Them It 0, near present values; and Why
inaugnte policy that Is to 80 ehsnRe vslues that
Tie hu.se thst cost ths rooF mar f1s9 y cur money
will, when be wants 10 Is compelled to sell him,
only bring him &lO0 IN auch money a. he has pay
h,s debts; or themn "ho went 3n debt 2l.0oo tora
@ s6sa gqa saas
that he can't make the money, hs evcrything fs re-
duced IN value and will have 10 sell the paca to pay
sP e 5s as a1 81 aSss | .a I'd e ssE 1 IT, s
IL ee aean y ~ tes XIV you iii bin dc .a he
sos u peep III U should
turn 10 specie haeis. And, indeed, know no
light In which the speedy return to a specie basis
by The funding Of legal iencers can bc viewed-but
tic Rich make The money and the poor and middle
classes lose It: Sec, you please our nost landed
SECRETARY Of the Ifeasuf{. aiteE bnsying himself
to g,ye The country for retiring legal tenders
and h{lin2 cntiely nt iasL Surprises nearly Ill thu
real friends Of the Aam1usua;1on By tak,ng refuge
oc,atie thundcr = uacont INSTITUTIONAL wi:h which TO
make va, on legal lenders. Fsney. ( yua can,
Chief Justice Chsse gsasclJ delivering the opinion
By supplying the Government With money 10 pay
so]dicrh std buy suppliea-thAt BY which nas ar
reeled the financial ruin that threatened the country
fonr yeass sgo-is. assez ~ aneon..itationsl.a
The whole matter ot contraction Of the currency
and returning to specie basla, BY the retiring q
anesnoos. Why contract the currency b retiring
legal tenders1 What the necessity for the Change
Why 1rduoe salaas Of fere1ythink Al this tins, when
the people have more money to earn th1n they ever
! Ind bcIorc How a1e theJ to clru THIS la1ee
amount ess1cs Wien The currency y contracted, aud
| SAlueA reduced consequence naa1 at present
How il The national debt b paid easier when ii
all besrs interest, payable IN gold, than now, when
come i've hundred millions bears no interest at all
and oue-haf the halanee interest payable b. legal
amounting iprobably to hye hundred miuions fot
servaeet, supplies and advances to the, aovssn-
menL As well a. for damages Of every conceivable
character {s~othrs Of the latter to BE- pAtd rob
els Or their e1mpstbfseza g be paid css'cr 70 Eold
very questions, sucee;t the ahs11iity Of relieving
| est On fire hundred millions now heannE nome, and
also 1ntereet IN gold On one thousand millions tha:
now can be paid In legal tenders, and i. Inc sam.
time w1shdfa ~inc the circulating medium through
which aud By which the business is TO be dune tha
must yield the pos to pay al Ut iast, or fnanela
| ruin must be tlle cnnkequenceg.
AL the rca%onin; have 40 tnr tccn. seeued !n'Eo
! for the purpose Of covering mp. dndgug OF divert
| 1pg attention from, ratNer tnan answering thes'
| practical questions. MACoUf1S.