The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1868-01-28

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KEoKUK. IOWA: e
! .mrspnranoKpuag;JA . :
oo11anoe Auu 1nD epnnn1Ux.
rAer, ia,t a.y popslr d1nali sa;ss ~
consr,e, wish ssfsrsses = - 6saasial lsgil
I.t;on. Thes 4 netAia6 Nh elanee aGnin1e
~ aine - y . x1 ~
action, - this soers. Ard ~ nsazly
everybody aaks, What i coagfe9 o.
ng 70 do aboae eurrsscs aaa hse;- I
nest Evssybedy. haea't q eessap, ppsFlr
10 I'D ii IL 1AdSA fy h4i14 Z %
Nj 6wn idsal, in dc ftlSssi, Sr, iadsed,
whether he has any ideas q al or not abcut
the matter. he only generally thinks that
Congress ought to do something, because b
finds that exsrybody ,elsee Is alisking thata
Conkresi should do somsthing. We are d
nation Of money-maksrs, but Ne ars poor 20
li.ical economists. Many members Of Con-
Sress are in this same category. So when
Consssss nss tAePs. Ns@ great many gen
tiemen, reHectinS DIS generally indefinite
but pervadiDg opinion of everybody, Who
had Enancial propositions to submit, which
theyaviAef % - rkds hws. Il ha good
thing for the country that the largest number
Of these propositions will die in committee,
and never b Asasd Of inesss It 10 . good
thing for the future regulations of the gentle
men submitting these propositions that this il
So Fer the probabilities IRE something less
than one to hundred, that Ill attempts to
interfere With currency and business BY laws
will do mach nors Aasms lAAa god. h fact,
the shirt of our GoyerppeaA = i i the
common sense Of e.ery people who arc CON-
ing 10 know most, is 10 have inst q little Of
thisfnterfersnce Of law u possible; with =
longing anticipation ofvs happy fstsrs, Wien
there will not be any interference Of this kind
at all when industry, and production, and
trade. and busisesp sad currency Aill BE- left
to regulate themselves
Let the people, then, not expect too much
Of Congress il this matter. Let them wisely
dslnsnd Of csngrsS that i b . sSsml
sh.s 4 dos sot 20. = Of Jhat 4 tAio.
The only thing that the people should permit
this Congress to do with the currency is to
a.temp. to give il stability. And to do this
there we're only two modes worthy Of being
entertained. The one vas to prevent further
contraction the other was the Resumption o.
.psaspgnent. 1.uG re go a. a
large majority Of the people were in favor Of
the first mode, and so this Congress At once
passed its bill to prevent further contraction.
That is all tbis Congress shsuld attempt to DO
with regard to the currency. unless it under
takes to provide for the immediate or fnture
sressmptim a epsde pa5hsnt WSsnesn.
mon with the rest Of the public, favored thai
policy of preventing contraction as the prop
er.meaure Of financial relsf for thiss Cen
gress to adopt. We we're al Of rs afraid d
that first plunge into the cold bath. Yet, W
are beginning to feel, that We and the rest o.
the public will get into the notion Of taking
that plunge into the chilliness of resumed
specie payment sooner than We thought Ne
would six months ago. For the stopping Of
contraction has not prevented the gambling
in gold; il has been worse recently than q
any time since the close Of the war. And bus
mess 10 9Th - depressed - ever. Sewe ara
disposed 10 think the public, we'll considering
the subject, and seeing that - long - 70
sumption is postponed, We will have gambling
in gold and unsettled prices, and cesssqasnl
depression Of husinesa and iadisidu4l losses
and that this depression add these losses vii
equal in : couple Of seasons, the depression
and losses thu. willattend immediate resumpt'
- --- S~~s- r---o- - -
take whether We posspons j. one yesr. b,
FIVE, or ten years-seeing al this, the public
will say, take the plunge now. lot Us bay,
specie payment At once, and veil the soonei
have fixed prices and bushes security and
prosperity. This appears to Us to be thu
tendency Of events. But W have no such
positive convictions or conceptions in the
premises as to urge this A. the true policy.
We have no pet plan TO foster. We are only
anxious that the policy shall be adopted
which shall best subserve individual and No.
tional interests. And We are willing TO trust
- the wisdom nd patristismgf Congress.
Thar i not 80 mSeh ~ csrserey aha
should now engage the labors Of Congress ..
the revenue and the future of the nationa
debt. Both Of these subjects reqsirs visa
legislation. The FIRST 20 ~ TO relieve it Of com
plexity, oneronsness and frauds; the second
to effect, at least, reduction Of interest, ans
TO get its evidences into less burdensom.
ahape.
The people should consider sthat q ths e.,
isdsg, industrial and buGnee cDn1iios %
the country is the result Of causes bver whicl
Congress had no control--so it Is powerles
to change that condition. That change de-
Ponds upon our people and the natural oper
alton Of the laws Of production and trade
The millions Of capital diverted from ID,
channels Of sar, msss. .fsd . circsh,iss d
ves.mens in peace. The large production
and saintsrnptsd Interchange. Of values, il
the only national wealth and prosperity
Over an this, individuals, not Sgoaxress, nv.
control. Just Is soon - all the labor and ii
the capital Of the country are in productiy,
Investment md sireslAiien, tken NJ eeants,
will have its highest prosperity. To this END
'ssahilitJ Of ~ osrssncy, a. the medium o
exchange, is necessary. On this subject o
monevs ~ psspls hsvs ~ ~ ls1taa u,