The southern enterprise. [volume] (Greenville, S.C.) 1854-1870, 1867-12-18

psrsedc tho better, forcing II from cireals. .
sion among the masses, aud causing il to be
: exported ssA mere article cf trade. 10 add
10 ths money capital OF foreign lands. They
sl,ow the necessity Of retiring our paper
I nnoney, that the rctarp Of gold aud eiiysr
5 70 the avenues Of trad may be invited, and
demand created which win csu,e the re-
! .tention At home of at Ieast-,e much OF the
productions OF our rich and insxhsu,tlb.c
goid.bearlpg fields as may be sstlcient for
purposes Of circulation. II iss ,unrsa-
lssasble o,expeet to RETURN 70 a sound cur.
rsncy 40 long as the Government by con:
tiuuihg 10 Issue irredeemable notes, fills the
chsnnels. Of circulation with appreciated
paper. Notwithstanding a .ccinsce by onr
.mints. since of ls4o, ,s74 100000, bepeople
are now strangers TO the CURRENCY which
was designed for theiruse and benefit add
specimens OF the precious metals bearing
stlse ns,iousI device are seldom seen, except
whea produced to graaty the interest eS-
,ei,ed by their novelty. II dcpreeinted
paper Is TO bs continued as the permanent
currency Of The country, and all onr coin
Il, 20 become a mere article Of traffic and
speculation. to the enhancement io price OF
all thai is indispen.sbe to the comfort "
Cas people, II would tie wise eeosomy to
abo,isIi. our minis, tbus saving the nation
tho care and expense incident to sue"
establishments, and let all our prscious
metals be exported In bullion. The time
has come, however; when the Government
and national banks should be required tn
fake thssmost efficient st.ps, and make all
q necessary arrangements for resumption Of
specie paSments at the earliest practicable.
period. Specie payments having beenone-
resumed by The Gosernmentcand banks. all
notes or biiis of.paper issued by either Of q
less denomipa,ion than $40, should bylaw
be excluded from circulation, 80 that the
people may have the benefitaud c"nyeni>
once Of gold aud silver currency. which,
gin all their bnsiness transactions viii be
uniform in value HON. and abroad.
= Every man of property or industry.
every man who desires 70 preserve what he
honesty possesses, or to obtain whst lie
. can honestly earn, has q direct interest in.
maintaining safe eircnlsiieg medium
such medium as shsilbe real and sulstan
tisl, not liable TO vibra,e with opinions;
: not subject To be blown up or blown dawn
by the breath Of speculation. but to he
made stable and sscure. Adsordsred cur-
rspey I. one of tho greatest political eyila
I. 1t undermincs the virtues necessary for the
support of the social syst.m, and enoosr-
eggs propensiaes destructive Of its happi-
ness it watsagainst industry, frugality aud
economy, aud it fosisrs the evil spirits OF
.extrayagance and spaoulation'' 1t has
been asserted by one of our profound aud
,aost gifted Statesmen, that "of oil the con
triysnces for cheating the lsbOring classes
OF mankind, none ha, been more eheetual
). than chat which deludee them with paper
( money. This is The n,oss efrect,lalof inven,
lions 10 fertilize the rich mans ftlJs by the
sweat OF tho poor man's brow Ordinary
tyranny, oppressive, excessive taxa'ion--
these bear lightly on the happiness of the
nnass Of the community compared with a
fraudulent currency, and the .robberies
committed by deprecated paper. oar own
history has recorded for our Instruction
sasngt, and more than enough. OF the de.
moralising tendency, the injns,ices, and the
sinielsrabie. oppression on the ,yirtuogs and
: well disposed OF adegrsded pspercurrsney
authorisedbs law. or In any way counter.
apced by Government II L one OF th,
most suecessful devices In time. Of peace ol
war. expansion; or reynls;ons to accomplish
che transfer Of all The precious metals from
( the great Of the peop'e ;ato tho hand
Of the few, whore they are boarded in Sc
crst places, or deposited in strong boxes
= under bolts and bars, while The people ar
left 70 endure all the inconssoiences. sacri
nee, and asmorslizaiion5 resulting from tn
pse Of q deprecated and worthless pare
mansy, - 8.
The condition of our Rasnces and tn
operations OF our revenue system arc se
forth.and fully explained In the able an.
ihstructiye report Of The Secretary of III
Tseasnry, On the soih. Jaoe. 1866. tlr
public debt amounted 10 s25s3, ,4z5,sT9
onths soth June hst. it wss s2.e9a,Is9
ei5--stowing rednrtion Jdting tbe f,ca
: yesrof sol, gag, 00a. During the focal YEA
ending June so. 1857, the receipts W sr
s43o. $751; ole. and The expenditures ssiS
= s2s,lae --lsavihg an available surplus {
ti4s,9 $50. Its estimated that the r,
.ssiptt for The fsoai year ending Jsne al
1883. win besfly y1el,o2se and that IA
sTssxpsnditnres win reach the sam of $500
3 2eg. 22s-leayibg In. the Tressury a surpl,
Of saa. .ssa,foa, For the fiscal year epdin
Juno 80, 1869, ~ il estimated tl,at ths r.