The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1867-11-22
JASPER COURIER.
THE FINANCES.
Important Letter From Thad. Stevens

10 10 reply 10 . letter addressed 10 him c,
ne'Rhbor. and 10 very long md conpre
hensivs. Mr.. Stevens commences wiih N.
assertion that 90 far ss the inanris
condition Of the republic 10 concerned. /, il
not nor ever can be 10 doubt o. peril. With
The products which we can readily dispose OF
10 supply the demand Of every kind. there
never can be time when With honesr deal.
ings. this republic will be- unable 70 psy ali
her jus, liabilities He says: II have NOT
approved. sad do MOI approve, Of the inan-
cisI policy pursued by cur G ,sernmsnt for
the last OK yesrs. think We have throw n
away our billions and are stlll ,hfosiag swsv
miIlions BY msmnnsgsmen," Tnen. 3D.
dfessing tie cores pontenr. who il . no.
iioual banker. he says: YOU are b.nke..
and sound one, bu, you are mssing more
on The United States, through the nation :
banking systsm. a. hiss Every man who has
adopted u, ihsn you ought 10 make, Ur
has never doubted. he says, that The Gov.
eminent hss the consitulitnsi power Ia
'risse money 81 shstever msterIsi u choos. \
- whether metal Or paper. leather, iin, or
greenbseks. and TO requisite the value, snd
therefore legal tenders are. 10 al interesr.
and purpose, the lawful money Of the coun-
~. money In which oil debts. pubiic OF
private. may be Ieg ,i!y and jistly paid. -
Money u Iisi what the law mskes IL. IL II
refers 10 The fact that The Government had (
q, different times reduced the PRICE 81 ell II
yer. and that when 90 reduced II wss
made to psss 10 every creditor a. well 90
debtor a. 'he original price. snd srgues thar
there 10 the some power % i-sue snd reru- |
late the valne u any other kind ~ money
lie msinisias. sqsen'iy. that il /. is, 4
and proper for the Government 10 pay the i.
pa'iona debt 10 greenbark.--swiul money. a
Referring 70 ,he debt he ssys: Now H.,
us come 10 the Government loan. and Tor
sinslc moment consider IL. which. even
~I,nout The mon-lrous doctrine Of Greely
and Cooke 10 the masf prom q blp inv e,tnent
ever made by money lenders. aud 10 mon. N
European capitalists. However. he would /.
pay 10 fulI The rich capitalists aud sperula A,
ore who have made pr,ncsiy fortunes
through Tie FOLLY Of tbs Government, but
W. Goes not think there issny obligation ioi
force specie payments. 10 order 10 pay two
10 three time over what they are res ~ snJ y
Justly entil;sd 10. IT., shpus, beyond con- N
fsdicilon, that. ~ creating 'osns. there Wa Al
~ intention on Tie psu 81 Coagrss. ii 81
-ommi, tie G,sernment 10 the %, uirnt % m
me principal IN coin, except shere lhl- sac ru
well considered snd well understood ., The dr
imr, and the bondholdsfs have no ressvn
. cpu plain II poid 10 legal tenders.
Speaking 81 this money. Mr. s esys:--
For two y+srs the gfeenbarks we're The !.
nvst popular currency ever issued IN The "A
Jnned Sta'es. snd had there been no other
would not have lated 20 buy every ncces j
AIRY co.amcdiiy for every use, public aud "a
fivs.s. ~ithvnt eomplsinis, ard II il swelied 90.
he currency q The ccul'y !, also swe;led Il
usipess Of every kind. foreign and dome.-, \;
(, agricultural ard manufacturing. 50 !
loo, II swelled the income OF business men
nd thereby VASTLY increased the revenue OIL
- government. The great question al
'sue is the right Of the government 10 psy
nd the policy Of paving, The d-bl IN green
scks-lswfu money" Uoon The he re-.
'srkc "vsrious methods are suggested 10
deem he aye-tweniies 10 currency. One
cry able writer suggests q loan In gregg 49,,
'eks 10 their amount. 90 ihst afterwardihe
. greenbscks may be redeemed with Il VA
hers. II We are satisfied that there IL no MN
ore than . sufficient currency 10 90 the ~
'riness Of the country. With its pr,bsble
crease. then that would be The proper
e,hoj, without Initiating prices, a. : rvun. y
rbsisnce 10 the saving. But II IL 10 be- 3
wed that The presen, aud pros pecrivc bus. III
ess Of The country would isirlv absorb IN -
Mount large enough 70 redeem these bonds ~"
they become due, and not injuriously in. ~
ease business, the true wsy would be for "A
Government 10 Issue legal senders cost
usi 10 the amount 20 be redeemed sndlcl-s
os ssve the interest. both Of the old and -sk
" loan. With these views he deems the lisssc
ntrscticn Of the currency Of four million. no h
month. % nov authorized. highly impoIi
(. Finally, ne believes The true way III O