Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1868-06-06


4sssi ihsi 10 Tallish Il 81 urgs A. sisP
'iss q ~ saSss hasii il lsssiurss sirsisl
AsIs 40 asfraTsniss his Trlsssi STA 10,
fsllssiss IsusTtss
4 hsFss ~ 10 this iinF, hSsn az unrsn-
.PFs@isiHg sasssais u hari msnsy, hai Il
''As. sssl-s hat he IaIsT sysisa j. ..
'aAissTsslly aiaPisi hy ihs States, aHi -
''AsFsatAlJ ASSESSED % - ,hs srHsTai So
'sTaasHi thai al heIs sfa isiuFa 10 haHl
'1sHsy has EaHisLsi, nhils ny sPinisn.
ARE as adverse as sgsF Ia Substituting 'Ghs
'sAaass for the sulsianss ysi, as I Sc ~
"ssy sfsssaPs, aAIhesaasr, as s'ais, We
''sunsT all lhs sFils siihs sysisn, Wilhoai
-Sny sfi,s hsushis. he ssonsr sc raEfsru
''is The usiVsrsal usasP he h,iifr, FsE
'shis atlilionSi Fsassn, I ana in faEer efilg
''sisNs pat fTtA b. ihs NEs'
We ssInsni he satire, - ,hs msTcsn-
tile community, sha arc msTs deeply Ia
isEsisi, in il ihan ssy s,LsT, brlis'lns, ss
Ne de- ihsi lhs adoption sf tie euFgfney
basis would be advantageous 10 all concern,
ed
THECURRENcY RAsis-We under
stand there is a movement among
the commercial men Of this city ia
favor OF adopting currency as the
medium Of all business transactions
Within the city this Is now the ease
aud tho pcnp,o hers would n"l have
IL otherwise fhr any consideration,
but wonll think lho advocate of a
gold basis hal brvnmo H. mvniCd ;
Yet with the cnnnlry uVvrA Thing u
done uu the sl.'vic basis, This siNcs
rise Ia n gIod deal al complication
aud difficulty, without, II Is Thought,
yielding any corresponding hcmviii
Indeed IL II believed thH, while the
currency basis would all"w lhr r"nD'
try the same supposed privilege
which IL now cnJuys-ina=mnch ~
the currently il always cnily cnn
vertiblc into spccle-,ho change
would have n tendency Ia put mare
money in circulation throughout
the State; TO appreciate property;
to bring us into harmony with the
rest ofthc country; Ia increase ilT'dr
and travel 10 make every sort at
enterprise more convenient; and H.
remove that timi'.i;y aud that dis
position To hari specie, which are
now so seriously in the way Of nc
tivity and Improvement in the inic'
rior.
Money matters are very stringent
in the country. aud lands and other
property sell constantly ut II very
great sacrifice. Much nf this evil
results, undoubtedly, from sticking
closely to the gold basis whilo cur.
rency il the medium of business
operations in all other parts Of the
country. There is on more mis-
taken notion than to suppose that
boarded gold is money, while for
want Of u sufficient circulating me
dunn all the property of the hoar-
der is deprcciating in valuc and bus
mess depression reigns supreme all
around him. That idea prevailed
Throughout tho world mnny years
ago but the people by whom it was
first explored, and who soonest gave
up their prcjudiccs in favor of gold,
are now at the head Of the commerce
of the world, while those who clung
to it the longest did themselves an
injury from which they have not
yet recovered, after hundreds OF
years Of effort.
The reasons for demanding that
business be done on II specie basis
and for boarding gold and silver,
are all so many fears of confscation
or other evils yet to come. We
have, however again and again ar
gued that the very way to invite
those evils, is to stand still in ma.
terial affairs, and that one Of the
best ways of avoiding them, is to
60 ahead with internal improvement
of every kind to the extent of our
opportunities. Radicalism itself
will not be so likely to stop improv.
mcnt'in tho South, as to take what
the Southern people may yet have
left, in case they still remain inert.
To launch out fully on the
tide of effort, instead of shrinking
from it, will, in our opinion, go far
to save the people Of Texas from
the heavy losses that must follow
their present inaction, and also do
much to invite cooperation from
abroad-thus producing Il state Of
things which radical Legislation can
not touch disadvantageously with
out plainly aiming blow at pros
perity which the whole country will
appreciate.
One thing is certain, the present
condition OF affairs is, forbidtling
enough, and could hardly be made
much worse. That many of its
evils are traceablo to the tcnacity
with which the specie basis is clung
to throughout the State, seems TO
us indisputablo; and if, as appears
certain, the use of currency would
allow the enterprising much lar
ger margin, without taking away
from the respondent hoarder the
privilege of burying his gold, there
can be no good reason against the
change. :
We think, however, that even the
boarding class, stimulated by the
signs of prosperity which the new |
arrangement must speedily inaugn- {
ate, would soon begin to use thcir
in productive investments {
% the great and rapid increase. of c
heir own wealth as well as TO the {
benefit of the State. If this change d
% made, we believe it will bring Z
activity and advance \
nent in the place of dependency, ]
naction and retrogrcssion; anyhow, t