Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1867-12-14

oil the lattcr--Showlng that when our DaDer
currency is compared with gold and silver, its
commercial value is compressed into three
hundred and fifty millions. This striking
fact makes it the obvious duty ofthc govern
mcnt, as early as may be consistent with the
principles of sound political economy, to take
such measures as will enable the holder of it's
vert thon,, without loss, into spccie, or its
equivalent A reduction of our paper circu.
| lating medium need not follow This, how
ever, would depend upon the law of demand
and supply, though it should be borne in
mind that by making lcgal-tcndcr and bank
notes convertible into coin or its equivalent.
their present specie value in the hands of their
holders would be enhanced 100 per cent.
Legislation for the accomplishment of a re.
suit so desirable is demanded by the highest
public considerations The constitution con-
templates that the circulating medium of the
| country shall be uniform in quality and value
At the time OF the formation of that instru-
ricnt tic country had Just emerged from the
war OF the Revolution, and was suffering from
the effects OF n redundant and worthless pa
per currency. The sagrS Of that period were
anxious to protect their postcrity from the
evils which they themselves had experienced
Hence, in providing circulating medium,
they conferred upon the Congress the power
to coin money and regulate the value thereof,
at the same time prohibiting the States from
""! .AS ~. So'" ""o s'''cr tcuaer
:" H. H., ".".s ~ uoo's
,..,.: uS .o"u,''o'' .., VI o''t currency Is
;.aI,' Ia:,, ".'i '''"' "'''c'' was orig
,,ns fuat . ~ ~ .'."''''o'' ~" c'nn'a-
90 ,aa, ,;,te = 10y ,, m''' =, o''NS' 20, "l,'c"
. D' ~ an uocH ~ ."c uoV-
."n:.' '>o'S .:S i."'Pos's' anu ny all us
o''>'''o''' eAI't','"S III payment OF interest
"'I' 10 po''uS '"c security themselves; sec
on"' 'cs''', ',chucr hotes Ssncd n.y. the United
'''.s' """ "',,oh 'hc Id" requires sha'i be
'cco''cu as well III payment OF all debts be-
tween cs.'"ehs as OF all Government dues, OK
coping .'hfos'S; ana thlrd, gold and silver
| cor. ny 'hN operation oi our pr"srnt system
"' i''anE'' however the metallic currency,
WIN co''c'c", Is reserved only tor one class
I' Io'eT',oshe crcoi'orS, who, holding its
''o''''%' S&'h ,ahnn'',N receive th"'r interest n
com rom the National Treasury. They ar"
'n"' mace |, occupy an 'nvii!ons position,
w'''r'' my pc nSeu 10 s,rrn%thrn the ar@n,
.,'''''S =! '''.E" VINO w"''' nr'"% into dSr'putc
~ -, =, '"v '''',."'' ','' ray
=, w. az - 'o'', VIC p.'an',u 'a''h OF l!P
~, >''u'" ': ,h'."''niy 'l'h'h'a,""h.
L'"' ",,'o ~ 'e'S wy" .''c'l'y toward inc
.uo, ;,,4oa':, W., m"o io'''" ms money that me
n.sI'y =. ."e - mon 'n'snt pe preserved, 1t
snou'u at 'he same umc observe good faith
wv" 'ne s5oa' M masses OF inc people, who hav-
hoI,;on ,'o" Inu ,",u" ,lo.' 'rc prr.S OF re-
tho Cnrorn, r,'o o"a'ol Q. '1A,.,"h, c1c, 'a'
o..,,,nont, ri, ~ "o'o ~ 'u.''' i's .n' en-
accented as satisfactory Inv tho nconlo w,'u
those who ,l.Cen., us an the land ,na nrotcct
us on the sea; the pcnsioncr unon III rrat;
tnlc Of the nation, bearing the scars @ and and
wounds received while in its Service: /: the nuh.
lie servants in the various Departments Of thn
government; the farmer who sunnlcs thc
soldiers of the army and tho sailors Of the m.
Wy; the artisan who tolls in the nation's work.
shops, or the mechanics and oborcrs who
build its cdiiiccs and construct its forts and
vessels of war should, in payment of their
just and hard d-carncd dues. receive dcpreciatcd
paper, whlc another class of their country
men, no more deserving, are paid in coin Of
cold and silver. Equal and exact insticc re-
Guircs tin; Ill the crci,,:::@r< nr the Govern
mcnt should be paid in currency POSSESSING
uniform value. This can only be accom-
rlishcd by tic restoration Of the currcncv -
the standard established by the constitution
and by this means We would removc = die,
elimination which nav, if il has moi ,lrcaJy
done so, create prejudice flat mav hocomo
doom. .rootnd aud ,u; d e,r,oa 49,, :, :,