The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1868-12-18


serves had experienced hence, III proytd>
ing a circulating medium, they conferred
upon Congress the power to com money
and reSthais the value thereof; at the same
time prohibiting the S:ales from making
anything bat gold and silver tender 10
naynieht OF debts. The anomalous condi
/ ton OF our currency is iu striking contrast
with that which vas originally designed
Our cirvu.a ION now embraces: first-
Notes OF the national banks, which are
ma e iece vable for AL dues 10 the govern
NETT, exGlutins impo>i@, and by all its
ere fitors, excepting in er st IN is bends.
and the securities tieIs les. Second
legal ten Ter notes. issued By TIE Uuiied
: tt; and which thu law rcqu res shall
te received as We ! i, payment OF all debts
between c.t,z.ns as u all government dnes.
ex fept,9g itaposts. I, hiid-Guld and silver
co n. Ey the operation of our PIE >ent sys
ten OF finance, however, the metallic cur
r ncy, when collected, is reserved only for
one class OF government creditors, no
holding its bonds, sem -annualy receiv.
their Interest IN coin from ,be a;ional
treasury. There is no reason which will be
accepted as satisfactory by the people, xhy
those Who protect US on toe land and the
sea, the pensioners upon the gratitude of
he nation, bearing the scars and sounds
received while In It's service, toe public ser
santsiu the various departments of The
government, the farmer who supplies the
soldiers OF TIE army and he sailors of the
navy, the artisan no tolls ia TIE nation /.
wora hops, OF the meenanics and ,aiuyeJs
Who bntd IL ed DC = asd construct liz forts
and ve,Stl> OF sar, should, in pa;m,nt 81
lhtIr just ami hard ca bed dae,, r,c.v.
deprecated paper, willie another clsss of
their country nsD, no more deserving, are
paid IN coin of gold and silver. Equal End
exact justice requires that ali the creditor,
OF tie gosc!ntnen. should be paid in q cur
rehcy Possessing uniform vziHe Tai. @. n
only H. accomplished by the Restoration If
The Cur ency TO the standard est sbiish-d hy
he Constitution, and by this means We
Won rep owe disc uinstioa wh:ch NAV
II 1t has not al -eliy done 50, create a prri
;lee that may become deep ed sn,
vide 81 re d, AMI Is.ier,i the ua,iopa! cred
Inc ia IhlIity OF making our currency
c0riespVnu with the consiil uliona stand
lTd may be yeen fy 4 reference 70 = few
c,s derived from our conlmerciai STATS
cs. The al. & egte p dac; cf precious
me al IN tho Ohi,et Stats from lsJy 90
1901 amounted 20 sl,lt4,03o U,O. Viii 4
i ;bs same leric,i he net e1pur,s oS .,.>
Gle were Sal 900 UTU. 1nis suoSs al OK
| cess ci proGucr over she net exports Of
si3j, 600 900. There IRE in the ,resxurv
: 100, isi 9o5 !; in coin IN c. caalion IN h
Un!ttd Siste>, on The .haci Sc COST, aJcut
$4,000, OGO, aud lew millions IN IN. Ia
ilcnal aDd oihcr isuk in all l.s ,han
| 1860 900 900 Taking Into censIlera,i,,.,
| he spec IN the country prior IL ISi9, an!
Ia ,stosucei ssnce 1861, and We hay. M
more than 3BU,UbV,u0o not accounted for
ny Exp rtat.on or by returns # the tr ssu-
~, aud tn .rciUre mot PROBABLY remaining
IN the cpuutTy. These as it,pufi a, t f,c,
ana ohoa EVs completely the inferior cur
rtncy VII! surersnde the better, forcing n
1. on Circulation among the naaers sni
causing IL TO nc exported A. acre art,,.:,,
OF tlaie, to a id t. the money c4,,itaI of ior
eIsn ian'is. IEcy show the nyca> sity oi' 20
t.fHs our pager III nay, that the return o.
| gold ahd silver To the avenue ut trade NAV
! &c lhVited. aud \ demand created wiacn
! VIII cause he retention At hoIas o: At least
40 much OF the productions of our T, ca a.,l
IncXnan>t1Dlc gold Dtaflng hei- a. tnsy l.,
h:ien; f1r purposes OF circulation. II l.
unreasJnibie 70 expect 10 return, 10 n sound
cuirlnc! ~ !ons ~ The 1ovtrnneDt And
| BANKS, ~ combining TO issue fred eu..h.
notes, hil the channels OF circulation ait
deHrcciatsl paper. Aotsiths: aadins a
coinage IL our 'hilts, since l. -, Of SoI3,
900 90, the people are ro~ s;rary-is ia
| the currency hch ~aS des. ar,i for the!
USE, and teLehl>, aid ;! ,cirnth, cf h
| precious n,e as, telrjoy tie Hs,,oat \ d.
| Nic', are 5 lip,i Sten ekctIt Rh prod sce,!
| ~ traii'y thc int rest Kit 4 Iy ,..- nov
rity. II d'pfcciA3ci cIrraaSJ }, 10 b t-..,
| iihhei a, 10" iermsnest cu,teley II the
country, atii Al car ruti, /, to e.n-,. ,
Ia re sriice of trs:a sAd sptcula, "A 10 IL.
enhancement ri the fficc ei a at J. !,
at. g sis''e 10 t'ie c"t.:;ori o. he PEG h i
" 1t lie wi-' 'ron my ~ b | ia ear n,;c.s
tdu1 Sang the nat;o. rhe care 4uf tx,-.n-.
i!ictieht 20 a.c'i eat .i>!,i eos, sHi 1T al
! orr if,cioas rtei ais ire cSpef;ed ia III l.a
lhe ttH" has coa,., haHcr.., Y ..tu h.
| government >ist Hatiou,i t.rts st,r,-.ii IT,
| rSqu rei 10 tako &c rot racieat I - !,
| aiase Al h.>;e-stiy ar.sn. etHcnts Nr y
| "ni I -h 81 rt'.cle pA'M-utS Let sic.
Gle pi.he':'a en = - earnestly iuaSstratr.i
| ny tie sp<tTit',e.,t s;.,. Ia. u>, All t.-.s W.
| ''r a ne ls:rT os:ca .ti,n 30 direct
! splHo ilt "a 4 s,,cvie SiAld,rt : sr i,
rt "eh'a hsvIt.y been 81 red i,y y
gov 'F"ii, n. sal naak-. III Btias nr Is, J. ",
-. q i Al Ia, ether o. -. 4 ny IVA
! ~, tan ircn = ei,r-, stu.l ~ law -.
! ex u "a I Z Ell rl"r'. .,lra, that ttc PEG
- M y la e he Ism III a.d cr.s-,,t,.n-
~ :" A"d ~ scr cur .eBcy, Suicb II e.
tiG h"'- > irI''zact..Bs 81 he uiiiD, 4,
in>a al hVHia Adj s,&u.i ETe.y u, a
"i II f--ty az i dairy, every one 81. ii 8
to re ere what 9 IL aes ; r. So, IL
t. o5'tA'n VIA tie tai Lo.ts ye4rr, n.> a
- &c nj rest IN nsia ming = s:e e,-e .
IA tx niedii.:i, -.:r.. = n,,. id.l IS slai l.
F'.-s aai s"is aatial NO La IL I. yii RAJ,
V'th OF no 4. TT i,'.1e 20 ie li,Hn 40 oi
to'n "o~n f.y lie breath # s. Q uixs on
b"t =: :" d. $50 al ossra
Tae Sec'eta'y II Tie In E or, 10 h re
90 I, yves ~: ATE lui.,n.;;.., IA refer,
cst;- !" Re "a = u c.,..i .,.,i ~ the sa:-,r
v-,.oD o: h.s de..s taa~nt, 81, Tet e.s IL.
ni-;rx i',n vi ~ ts.d ".aca ,s,.i -, ole,
All ae IHt;..s b,.- al. rres ,rS x.h va.
| ticu l3ii:.s IL - h.sc b-a cf.acia ie.i
"a 49, ~ -ihi.littea To- the Seaa'e 70 it
e',l-'i, ai.'na: sctip,. r,-d ..y -.uctio.
the ,i,p;.'.,,'sa, a Oh T. ogc;,. ,ee rr-r,
suis i"r the ,:-,,a. ii ies. Vie thu,
Maj 70: rnsourc.sd TO .3ai con tie, IL
i.., s i,ss.rs af..l eBva9e !. sC,i a ;uy.