Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1868-12-18

amounted to $1,174,OOO,O 900; while for the
same period. the net exports OF specie
were $741, 100000. This shows an excess
| of product over the net exports OF
| S433. 100000. There are in the Treasury
| S103,40 1886 in coin; the circulation IN
| the States, on the Pacific coast, about
| S4O,000,00O, and few millions in the Ma
tional and other banks; in all less than
| $3.50 600, ,000 Taking into consideration
| the specie in the country prior to lo4S,
and that produced since 1867, and we
have more than $500 10000 not account.
| ed for by expectation, or blythe returns OF
| the Treasury, and, therefore, most OF it re-
naming in the country. These are inn
portant facts, and show how completely
| the inferior currency will supersede the
better, forcing it from circulation among
| the masses, and causing it to be exported
| as a mere article of trade, to add to the
money capital of foreign lands. They
show the necessity of redeeming our
pap sr money, that the return of gold and
| silver to the avenues of trade may be In
vited, aud the demand created which will
cause the retention at home OF at least SO
much of the productions OF our rich and
inexhaustible gold bearing fields, as may
! be sufficient for purposes OF circulation.
| It is unreasonable to expect to return
to sound currency so long as the Govern
ment and banks, by continuing to issue
| irredeemable notes, fill the channels OF
circulation with deprecated paper. Not
withstanding coinage, of or by our
| mirts, since 1849, of 1874, 900, 600, the peo-
ple are now strangers to the currency
| which was designed for their use and ben
| Nff ho r.raoi011Q ntnI
bearing the national device, are seldom
seen, except when produced to crafty the
interest excited by their novelty. If de-
preciated 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 enhance
ment 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 expense
| incident to such establishments, and to let
all our precious metals be exported in bull
| lion. The time has come, however, when
the Government and National Banks
should be required to take the most efti-
cient steps and make all necessary arrange
ments fer q resumption of specie-pay-
ments. Let specie payments once be ear
nestly inaugrrated by the Government and
Banks, and the value of the paper circUla
ton would directly approximate a specie
standard. Specie. payments having been
resumed by the Government and Banks,
all notes or bills Of paper, issued by
either, of less denomination than $40,
should by law be excluded from circula-
tion, so that the people may have the BEN
eft and convenience of gold and silver
currency, which, in all their business
transactions, will be uniform in value at
home and abroad.
Every man of property or industry,
every man who desires to preserve what
he honestly pCssegses, or to obtain what
he cah honestly earn, has direct interest
in maintaining circulating medium, such
a medium as shall be real and substantial,
not liable to eYaporate with opinions, not
subject to be blown up or blown down by
| the blasts of speculation, but to be made
| stable and secure. A disordered currency
| is one of the greatest political evils lt
undermines the virtues necessary for the
support of the social system, and encour-
ages pfopensities destructive of its happi-
ness 1t wars against industry, frugality
and economy and forces evil spirits OF eX-
travagance and speculation. 1t has been
asserted by one of our profound statesmen
| that of all contrivanCes for cheapen1ng
the labering classes of mankind none has
been more effectual than that which del
uges them with paper money. Thls is
| the most effectual of inventions to fertillze
| the rich mans fields by the sweat OF the
poor mans brow. Ordinary tyranny, op-
preston, excessive taxation, these bear
| lightly on the happiness OF the mass OF
community compared with fraudulent
| ..OIoI1orioc 9n0nrnfffp6 nv
deprecated paper. Hi:f
Our own history has recorded for our
| instruction enough, and more than enough,
of the demoralizing tendency. the injus-
tice, and the intolerable oppression on the
| virtuous and well.disposed of degraded
| naner currency, authorized by law, or IN
any yay cointeuanced by the Govern
ment It is one of the most successful de-
/ vices, in times of peace or war, OF eXpan-
i sions or revulsions, to accomplish the
transfer of all the precious metals from
the great mass of the people into the
hands of few, when they are boarded IN
secret places or deposited under bolts or
bars, while the people are left to endure
ali the inconvenience, sacrifice, and de-
moralization resulting from the use of de-
preciated and worthless paper.
The Secretary of the Interior, in his re-
! port. gives valuable information in refer
ence to the interest confined to the super
vision of his department, and reviews the
operations of the Land Office, Pension
Office, Patent Office, and the Indian Bu-
reau. During the fiscal year ending June
30. 1865. six million six hundred and fifty
/ five thousand seven hundred acres OF pub
lie lands were disposed of. The entire
| each recaints of the General Land
| Office for the same period were
/ $1,632, 145, being greater by, 1884,
| 1888 than the amount realized for the same
service during the previous year. Int
entries under the Homestead law cover
two million three hundred and twenty
eight thousand nine hundred and twenty
three acres, nearly oneforrth OF wnlci wd
were taken under the act of June 21, 1866
which applies only to the States of Ala
bama, Mississippi, Louisiana, Arkansas l6 ant
Florida. On the Both day OF June, 1860
one hundred and sixty nine thousand sll
hundred and forty three names were fount
on the pension rolls, and during the yea
ending on that day, the total amount palt
for pensions including the expenses o
disbursement, was $24, ,010,9S2, being 50,
391, ,025 greater than was exp ended 10
like purposes during the preceding year
During the year. ending the Both OF Sep
| tember last, the expenses OF the Paten
Office exceeded the receipts by Sl71; anc
including reissues and designs, fourteel
thousand one hundred and fitty-three pal
ents were issued. Treaties with varlou
Indian tribes have been concluded, ant
will be submitted to the Senate for il
| constitutional action. / cordially sane
4 I.%Sr soh