The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1867-12-12


edi6ces, and construct its forts and
vessels Of war, should 10 payment Of
iheir Just and hard earned dues,
receive deprecated paper, while On.
other class, their countryren. nc
more deserving, are paid in silver and
gold.
Equal aud sxae, justice require,
hat all creditors Of the Government
should be paid Ia currency possessing
uniform value. This can only bs
Nsocomplished BY restoration Of the
stnrrency 20 the standard established
by the Constitution; and bs thi,
nrans We would remove discrimina
Ton which may, IL Il has not already
t'ne 20, create prejudice that may
become deep rooted, widespread, and
imPeril the national credit.
The feasibility Of making our cur.
tcncy correspond with the constitu.
sriohal standard, may be seen by refer
ring TO a tew facts derived from our
ehmmercial statistics
-Tbe production + preeicu, metals
" thee U6ited States, from 1S49 to
NsLShz, inclusive, amounted to s579,
100000; from 1858 to 1850, inclu.
rivs to sls7, 500 900, and from 1861
70 1867, insclusive. to el57 500, ,0OO--
making grand aggregate Of product,
since lS49, Of Sl,l74.00O 600.
The amoun, Of specie coined from
1889 TO 1857, inclusive, was sl99.
400 600 from 1868 to 1860 ipclusivc,
el25. 900, 600 and from 1861 to 1867,
inclusive, $3.50, ,0O0. 600, mpkihg a to.
NJ coinage, since lsl9, Of 1874 ,000,-
UAl.
From ls47 to 1857, Inclusive, the
ret exports Of specie amounted to
S97l 900, 600, from 1858 to ;s60,
iaelasive. to sl4s.00O, 900. aud from
1851 10 1867. inclusive, 10 1922 .000
900, making the aggregate Of net
exports, since 1859, s74l ,000, 900.
These figures show an excess Of
rroduct over net exports ofSi33, ,000,.
O99.
There are in the Treasury SILL.
$4,000 In coin, something moro than
s40,000,000 in circulation on the
I. oi6c coast, and few millions in
hnijnal aud other banks in all about
el60, 100000. This however, taking
ih,o account the specie in the country
lTot TO lS49, leaves moro than $780,.
uV0, 900 which have not been account
ed for by expectation. and therefore
nsy yet remain in tho country.
Theso are important facts, aud
'how how completely an inferior cur.
ieney will superccde better, forcing
IL from circulation among the masses,
And' causing II TO be exported as a
mere article Of trade. They show the
nreessity Of retiring our paper money
that return Of gold aud all or TO the
ayenucs OF trade may be invited and a
demand created which will cause the
retention at home Of ct least so much
tf the production Of our rich aud in
eKhaustible gold.bearing folds as may
l.s sufficient for the purposes Of circu.
laiion. II ia unreasonable to expect
return TO a second currency 40 long
"a tho Government, by continuing to
issne irredeemable notes, fila the
channels Of circulation with dcpreoiat.
ei paper,
Notwithstanding the coinage by our
miats, since l949, of 1874 900 900,
the people are now strangers to the
currency which was designed for their
use and benefit. Specimens OF the
precious metals, bearing tho national
device, are seldom seen except when
produced TO crafty interest or excite
bS theit novelty.
If deprecated paper is - DO con.
J,saed Gs the permanent eyTrency Of
the country, and all our coin is to
become n'merc article Of traffic and
jceulation to the enhancement in
rrioe OF all that is indispensable to
The comfort Of the people, IL would be
visc economy TO abolish ouT mints,
thus saving the nation the care and
oGpense incident 10 such cstiblish
nients, aud let all precious metals be
exported iu bullion. Tho time has
cene, however, when the Govern.
rents aud Banks should be required
10 take tho most efficient Eteps aud
make all necessary arrangements for
a resumption Of specie payment atthe
earliest practicable period. Specie
payment having once been resumed
by the Government and banks. all
u1les or bills Of paper issued by either
rf a less denomination than twenty
-dallirs, should, by law, be excluded |
from circulation, 80 that the people |
may have the benefit and convenience
OF gold and silver currency which,
IN all their business transactions, will
be uniform 10 value at homo and
'sbroad. Every man who desires to
preserve what he honestly possesses,
ot to obtain what he can honestly
ratu, has direct interest in main.
tsiDing safe circulating medium
such medium as shall he real and |
aIbstantial, not liable to vibrate with |
. einions, not subject to bs blown up
"r blown down by a breath of specu
lation, but 10 DO made stable aud Sc
rnse- A disordersd currency is enc
% Ihs greatest political evils il un.
.dsrmiuys the virtues necessSiJ fSfthe
sapport of the social system aud en-.
eo6rages It's evil propensiiies and ia
Obstructive Of its happiness. I,wars
against industry fraueallty and econ
omY, and Il fosters the evil spirit Of
eSttavagsnoe andspeeulAtion. II has
ksen Asssrted by one Of our profound
ead gihsd statesmen that ofall oOn-
i'ivsness for cheating the laboring
classes of mankind, none has been
n0rs effeetuRl than Aat which do. |
litdcs them with paper money |
This, is the most ehectual Of invsn
lions 10 fertiliIe the rich mans fields
! y the sweat Of the poor mans brow
Ordinary tyranny, oppression and |
4 a 4 a