Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1868-12-24
specie ResuanptiOm-WheD
aud How.


long without disastrous consequen-
ces to this nation; hence. demands
the careful and candid consideration
Of every true loFer of his country
And 10 solve this question and
suggest a remedy for the existing
evil, seems to us is net for those
who would consult their own inter
ests only. During the war, necessi-
tY for the preservation of the gov
crnment, inauguraed state of
things which opened the doors of
wealth to one class, while, to anoth
er, it entirely closed the avenues t..
prosperity. The continuance of this
plan has destroyed the equilibrium
in commerce, and has materially Of
fected all oar financial interests -
That such a condition should follow
the Inauguration of the war, was an
unavoidable consequence, for which
the Republics party is not respons-
ibie; but when the necessity ceases
to exist then it would seem proper
that we should endeavor to stop the
evils which appear to augment, and
restore that equilibrium which w9s
destroyed by the emergency.
How this is to be accomplished is
yet question to be decided. The
cause Of our dsordered finances be
ing known it viii not be so difficult
to suggest the remedy. 1t is nearly,
if not quite universally admitted that
the paralyzed condition Of m onetary
affairs is to be mainly attributed to
the fuctuating tendency of the medi
unl of exchange If this be true,
then it is plain that the fist duty or
the government is to improve the cur
rency. 1t is also admitted that uni
form circulating medium cannot be
had without returning to specie pay
ment; but to reach that point with
out disaster, is the great desideratum
the problem to be solved. To in
crease the volume ofthe grecnbacks
and compel the reduction Of the
bonded debt with this currency wo'd
he an act of bad faith and ruinous
to the credit of the government; to
return to specie payment instanter,
rs some suggest, would leave us
without the means Of exchange and
force the debtor class into irretrieva-
bic bankruptcy.
Ia the management Of this difficult
question all the conflicting interests
must be regarded, good faith must
be preserved, and the welfare of all
the citizens, whether bondholder or
mechanic, rich or poor, must be
guarded; if not the means provided
will defeat the end. The solving of
this problem rests with Congress and
for which solution that body will be
held responsible by the people.
Well, how are we going to rein
troduce gold as part of our cur
rency?
In the manner that Weston reach
ed Chicago-onc step at at a time,
and one after another, gradually and
continually until the end is attained
Retain the surplus god now on
hand, and "a soon as enough MOI e
can be securel to redeem the green
back currency, let it be done.
To begin with we have nears 100,-
900. 900 of gold in the treasury. and
to sell that and put it in the market
as an article of traffic without making
some provision for the appreciation
of our circu lating medium would be
a disgrac, to the nation. Aud the
best plan yet suggested most conso
ilant with our views. and which we
hink will meet the emergency and
avoid the evils Of an abru t transi-
ton from paper currency to gold, is
the plan of Senator Morton, which.
we think, comm ends itself, not only
to Congress, but to the whole conn
try. Speaking on the same question
he says: Time is necessary Gle
'ment, and the first question to be
''considered is the period which the
Government should fix TO begin re-
decmipg greenbacks; and in my bill
have stated July lst, 1871. Fixing
a time must be the starting point of
any plan which proposes to bring
about resumption, without crash and
disaster. In proposing to give two
years and a half to begin the work
of redemption. l have seueral objects
inview; LIST. By establishing the pc
riod of redemption. fixed value Is
given the greeenback note. Now It's
gold value is fluctnating and decep-
tive, sometimes varying as mnch as
10 per centum in 60 days, and scarce
~ ever remaining the same for a
week at time. But by fixing a time
for IT'S redemption certain value is
given to it. If the note is to be pail
in gold on the 1st day of July, 1871,
its value to day can steadily improve
as the time for It's redemption ap-
proacaes, and other preparations be-