Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1868-02-07

in The letter In question. Coin, not
boarded, will be made useful, and may
at once be safely lent. Our foreign
and domestic trade viii be reunited
under the pToteetiOu Of the same laws.
I Everybody who wishes to avoid she
uncertainties which now attach to
| nominal values may make specie en-
gagements. Banks will accumulate
coin, and the use Of real money Will
/ gradually extend through the whole
country. Exports of coin will be dis
! couraged, so far as they result from
mere dlstrust and capital will be in
vlted hIther from Europe By entire Sc
| curity and good profits. The old
! legal-tender currency will be imper-
| ceptlbiy supplanted, and may be fund
1 ed, It's occupation being gone, without
| disturbing the markets. The writer,
/ indeed, though so cautious and praeti-
/ cal In his views, is sanguiBe enough to
4 think that, with the help of this
/ amendment to our laws, we may reas-
! Onably expect prosperity IN the coun-
( try without a parallel commerce and
trade will advance with bound.
Without expecting such wonderful
/ changes from any possible acts Of Con-
/ gress, we think that those interested
have q right to demand the legislation
/ proposed. However wrong headed
'hard-money men may be, and from
whatever height of wisdom the authors
and supporters of legal-tender acts
| may look down on the blind ones who
are not satisfied with our currency,
few of them, perhaps, viii claim the
right TO force their wisdom upon tne
/ latter BY law and this is the whole
4 ma N
all men to regulate their JWn affairs
by the principles of the majority
/ Shall those who differ from Us be de-
prived Of the right to transact busI-
ness ? A man may question the Ak.
IONS Of Euclid or the existence OF his
Maker, and the law viii protest his
property and collect his debts. Shall
It refuse this service to him who pre-
fers gold to greenbacks |
4 It is q restriction without an object
and is thus an evil without compensa-
ton. It is a mere anomaly in law,
connected with no legal principle, and
an accident of legislation, supported
by no considerations OF eXpedIency.- -
! Nobody can get any good cut Of 1t,
except the man who wants a quibble
TO stand on, in repudiating his debts.
The debtor class" in general are
those who will be most benefited By
this change. We all believe that the
agony Of contraction to specie values
must one day come, and the sufferers
must be those who have borrowed de-
preciated credit and have to pay gold
for it. Adopt the proposed bill and
i they may at once escape from this dam
ger, by borrowing exactly that which
they must eventually repay. 1t is,
therefore, to be hoped thai this inter-
est, so influential in Congress now will
strongly support the proposition.
Those political economists who as
cribe the gold premium to a band OF
spectators in Wall street, and are
preaching everywhere their conviction
that it never ought to have exceeded
five per cent, must certainly rally in
favor of a measure which viii at once
and permanently take the control OF
4 the gold market out Of the hands Of
the few, and by bringing into the mar
| ket all the gold of the country, and By
interesting in its price every man who
owns a dollar in either currency, will
subject that price to the general laws
of trade as rigidly as the price OF
wheat or of land. It is only after ita
adoption that the premium on gold
coin can be implicitly trusted as the
barometer of the national credit.-N
y Post.