Arizona miner., 1867-12-28


 cin.ivc. s.louooWO. Making tlc total coin age. since 1879. ssTIuOAOOO. From lsi9 to 1851. inclusive. the net exports of specie amounted tu SZ1l. 100000. from sjy Co le0o,
 inclusive, Co SI4S,UO0uOO and from lS6l to t~s1. inclusive. to S322 2OUuN uNsu-makin- the
 grand total aggregate of net exports since
 l~tg. S1ItOlUUO. These figures show an
 cXccs, Qf yl9duct over net exports 0l Si15.- o0O0u0 There are in tlc treasury i.OpN,. OND il coin. something more than ei1I0'NW in circulation ou tLc Pacific coast, and few
 millions iu the National and other BAgksj ID
 ail ab1ut Slt0W0Opp This, however ta-
 king into account tle specie in the country
 prioF to fS4e leaves more than S:uuOOpD
 which have not been accounted for by eN-
 portotpn and therefore may yct roman in
 tLe country. These are important facts, and
 show how completely inferior currency will
 surcr-cjc tho better. forcing it from circula
 ,atIau among he nIa--es. and causing it Go be
 exported ss a mere article of trade Co a1d' Co
 tAc money capital of foreign lands. They
 show the necessity of retiring our paper
 money, that the return of gold and silver Co
 the avenues of trade may bc invited. and a
 demand created which S.ll cause the reten-
 lion al home of at least -0 much Of the pro ductious of our rich and incxhau-tible gold bearing fields as may be sufficient for the
 purposes of circulation. It is unreasonable tp expect return to a sound currency SO bong as the Government, by continuing to is- sue Irredcgmablc notes. fills the channel, of circulation with deprcciatcd paper. Notwith- s'-Iudng coinage by our hints since SID of Ss74,plouno. the people are now strangers
 Co the currency which was designed for their usc and benefit, and specimens fthe Irccious metals hearing the national device are sell dom seen, except when produced to gratiiy the interest excited by their novelty. II de- preciated paper is Co be continued as the per maHent currency of the country. and ail our coin is to become a mere article of traffic and speculation. Co the enhancement In price of all that Is indispensable Go the comfort of the people, it would be wise economy Co abolish our hints, thus saving the nation the care and expense incident to such establishments. and lct all our precious metals be exported as bull lion The time has come, however, when the Government and National Banks should be required Co take the most efficient steps and
 make all necessary arrangements fora resump- tion oi specie payments at the earliest prac- ticable period. Specie payments having been once resumed by the Government and banks, all notes or bills is-led by either of less de- nomination than twenty dollars, should by ! law be excluded from circulation, SO that the people may have the benefit and convenience
 of a gold and silver currency. which, in all
 their business transactions will be uniform in value. at home and abroad. Every man oi property or industry, every man who desires ] Co Preseryc what he honestly possesses. or t1 ! obtain what he can honestly earn, has a di
 rect interest in maintaining a safe circulating
 mcdium-such 9 medium as shall be real and
 substantial liable to yibrate with cpin.
 ion; not subject to 5e blown up or blown
 down by inc breath of speculation, but to be
 made secure. A di.orlered currency is ono
 of the greatest political evils. it undermine, [. the virtues necessary for the support of th,
 social system, and encourages prOpeusities de
 structye of its happiness. It wars against
 industry, irugslity ald economy, and Ii tos
 tcrs the evil spirit of extravaganza and spec
 ulation. + has been asserted by one of oui
 profound and most gifted statesmen. that 10
 all contriyances for cheating the labOrng clas
 ses Of mankind, nome have been more effect
 ual tkan that which deludes them with papc
 money. This is the most eitectual of inyen [ tions to fertiliZe the rich mans field by thl
 sweat of the poor mans brow. Ordinar, { tyranny, oppression, excessive taxation, thes bear lightly on the happiness of the mass O tine community, compared with fraudulcn 1 [ preciatcd paper. Our own history las re corded for our own instruction enough, an. { more than enough, of the demoralizing ten
 dency, injustice and intoleabie oppression i on she yigtgos!s and well disposed. 0f Ge P graded paper currency, authorized by law ] or in any way cOuntenaHeed by Government Ir Is one of the most successful devices i 2 times of peace or war, expansion or revolu . ton, to accomplish the transfer of all pro cious metals from the great mass of the peQ pie into the hands of T few, where they ar , hoarlcd in secret places, or deposited i 7 strong boxes under bUits and bars, while th l. people are left to endure aiI the inconYeni g encc, sacrifice and demOralization, resultin e from the use of depreciated and worthles { paper money. The condition oi our fnaac ] and the operation of our revenue system ar . set forth and fully explained in the able an f instructive report of the Secretary of tn !, Treasury On the 30th Of June, 1866, th 5 public debt amounted te S2, 7o3, ,42j,S79. 0 I the 30th of June last, it was s, ,6a2 199 2i. ? showing 9 reduction during the fiscal year $ S9i, ,21e, ,ssA pllrmg the fscai year endiu e June 20, 1867, the receipts were Si90,634 0ll - and the expenditure SAG, ,729 l29, leaving a t available surplus of gl43. 9O4, $50. It is est
 mated that the receipts for the fiscal yea ,f ending June 3O, 1868, will be S4I7, l6l ,92 ' and that the expenditures will reach the SUI !. of S393, ,269, ,226, leaving in the Treasury l. surplus of S23,6J2, 7O2. For the fiscal yel r, ending June 91 ls9a, t is estimated shat ii q receipts will amount 70 S361 .O00,O0O. and th e expenditures will be S372, ,OOO, coo, ,-showin e an excess of 9OOO,OOO in favor of the Cover r. ment The attention of Congress is earnestl II invited t0 the necessity of a thor0urh rev