The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1868-12-25

! circulation among the masses, and eau
sing it to be exported as a mere article
of trade, to add 10 the money capital OF
foreign lands. They show the necessi-
ty OF retiring our paper money, that
the return Of gold and silver to the ave
/ nues Of trade may be invited, and a de-
/ mand created which will cause the re-
/ tentiOn at home Of at least 50 much of
/ the productions of cur rich and mex
haustible gold bearing fields as may be
| sufficient for purposes of circulation.
| 1t Is unreasonable to expect a return
/ to sound currency 50 long as the gov
/ ernment and banks, by continuing to
/ issue irredeemabie notes, fill the chan
! nei5 Of circulation with deprecated pa
/ per. Notwithstanding a coinage by
/ our miutS since 1919, of eight hundred
! and seVenty-four millions of dollars,
| the people are now strangers to the
currency which was designed for their
use and benefit, and specimens of the
precious metals bearing the national
device are seldom seen except when
| produced to crafty the interest excited
by their novelty. If deprecated paper
is to be continued as the permanent
currency of the country, and all our
/ coin is to become mere article of traffic
! and speculation. to the enhancement
in price OF all that is Indispensable to
/ the comfort Of the people, it would be
wise economy to abolish our mints,
thus saving the nation the care and cX-
pense incident to such establishments.
and lei all our precious metals be eX-
ported in bullion. The time has come,
however, when the government and
national banks should be required to
take the most efficient steps to make
all necessary arrane ments for resump-
ton OF specie payments. Let specie
payments once beearneStly inaugurated
by the government and banks, and the
value of the paper circulation would
directly appTOXimatea Il specie standard.
Specie payments having been resumed
by the government and banks, all notes
or bills of paper issued by either Of a
less denomination than twenty dol
lars should by law bc excluded from
circulation, 50 that the people may
have the benefit and convenience of a
gold and silver currency which in all
their business transactions will be uni
form in value at home and abroad.
EVERY man Of property and indus
try, every man who desires to preserve
what he honestly possesses, or to obtain
what he can honestly earn, Eas a direct
interest in maintaining a safe circula-
ting medium such a medium as shall
be real and substantial, not liable 10
vibrate with opinions, not subject to
be blown up or blown down by the
breath of speculation, but to be made
stable and secure. 4 disOrdered cur
rency is one Of the greatest political
evils. 1t undermines the virtues ne
cessary for the support Of the social sys-
tenn, and encourages pr0pensj ties de-
structive Of its happiness it wars
against industry, frugality, and econO-
my, and it fosters the evil spirits Of
extravaganza and speculation" Ithas
been asserted by one of our profound
and most gifted statesmen, that ''Of all
the contrivanceS for cheating the labor
ing classes Of mankind, none has been
more efiectual than that which delules
them with paper money. This is the
most efectuai Of inventions 10 fertaiize
the rich mans fields by the sweat OF
the poor mans brow. Ordinary tyr
amy, oppression, excessive taxation
these bear lightly on the happiness
ofthe mass of thecommuuity compared
with the fraudulent currency, and the
robberies committed by deprecated pa
per. Oar own history has recorded for
our instruction enough OF the demOral-
izing tendency, the injustice, and the
intolerable oppression on the virtu0us
and we'll disposed of d degraded paper
currency authorized by law or in any
way countenanced by government
1t is one OF the most successful tie.ice5,
in times Of peace or war, OF expansions
Plxrlllsfnns m r,ti-sin finn
fer of all the precious metals from the
great mass OF the people in. O the hands
of the few, where they are boarded in
secret places or deposited under bolts
and bars, while the people are left to
endure all the Inconvenience, sacrifice
and decentralization resulting from the
use Of deprecated and worthless paper.
The Secretary Of the Interior, in his
report, gives valuable information in
reference to the interests contided to
the Supervision of his Department, and
reviews the operations of the Land
Office, Pension Office, Patent Odice,
and the Indian Bureau. During the
fiscal year ending June 30, 1868, six
million six hundred and fifty-fve
thousand seven hundred acres of pub
lie land We're disposed of. The entire
NStSti tiIllH vi tIlt NsCiitidt tIttiti vi
flee for the same period where S4,632,
745, being greater by S2Sf, ,SS3 than jthe
amount realized from the same sour
ceS during the previous year. The en-
tries under the homestead law cover
two million three hundred and twenty
eight thousand nine hundred and
tWentythree acres, nearly one
fourth of which was taken under the
act of June y, 1868, which applies only
to the State Of Alabama, Mississippi,
Louisiana, arkansas, and Florida. On
the Both Of June, 1863, one hundred
and siXty-nine thousand six hundred
aad fOrty-three names We're borne on
the pension rolls, and during the year
ending on that day the total amount
paid for pensions, including the eXpen-
ses Of disbursement, was S2i ,0l0, So,
being s. ,39l ,025 greater than that eX-
pended for like purposes during the
preceding year. During the year end
the Both OF September last, the eXpens-
es of the Patent Office exceeded the
receipts by one hundred and seventy
one dollars and including reissues and
designs, fourteen thousand one hun
dred and iifty-three patents were Is
sued. Treaties with various Indian
tribes have been concluded, and will
be submitted to the Sennate for iSt con-
stitutional action. Icordially sanction
the stipulations which provide for re-
serving lands for the various tribes,
where they may 30 encouraged to a
band0u their n0madic habits and en-
gage in agricultural and industrial
pursuits. This policy, inaugurated
many years since, has met with sig
nal success whenever it has been pur-
sued in good faith and with becoming
liberality by the United States. The
necessity for extending it as far as
practicable in our relations with the
aboriginal population is greater now
than at any preceding period. Whilst
wefurnish subsistence and instruction to