The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-12-18


from our commercial statistics.
Ftc aegfegats pr0dGct Of precious metals
in the United States from 1919 10 1861,
amounted to 81 .174000, COO: while for The
same period the net exports Of specie were
S74I 900. eco. This shows an excess Of pro
duct over net exports Of 1886 600, GOO. There
are in the Treasury Si03, ,407 9S5; 10 coin 10
circulation in the states on The Pacific coast,
about forty millions. few millions in the
national and other banks; in az ioss than one
hundred and sixty millioLs. Taking into
J consideration the specis in the country pricr
10 l549, and that produced since 1851, and
We have more thsn three hundred millions
not accounted for By expectation or by the
returns Of the treasury, and therefore Temsin-
ing in the county. These are important
facts, ard show how completely the i1fe'ior
currency will suPerseds the better forciag
It from circulation among The masses and
causing it 10 .bo exported, as a mere article
of trade, 10 add to the money cspital Of for
eign lands. They show The necessity Of re-
tiring our paper money, that the retur 70 Of
gold end silver to the avenues Of trade may
be invited and a demand created which viii
Il cause the retention at home Of at least Sd
much Of the productions Of our rich aud in
exhsustibls gold bearing fields, as may be
suficienJ for tie FnrpOses Of Ct. culation. Il
| is unreasonable 70 expect return TO a sound
currency so long as the government and
banks, by continuing the issue Of ir1edeem-
able notes, I'll the channels If circulation
with deprecated paper. Notwithstanding
8 coinage by cur mints siuce 1919 Of eight
hundred and seventy-four millions Of dollars,
the people are now strangers 10 the currency
which vas designed for their W es and biene-
/ ht, snd specimens OF the precious metals,
bearing the national device, are seldom * 60,
except Ehen produced to crafty ths interest
excited by their novelty. IL deprecated
I paper is to be continued - the permanent
fcurrency Of the country, and all our coin is
to become a mere article Of traffic and srecu-
lation, to the enchantmeut Of the price Of all
that IS indispensable TO The cor fort Of the
people, it will be wise economy to abolish
our NJ 'nts, thus saving Ihe nation the care
and expense cUincideut to such establish
meats, and let our precious metals Be *.
ported in bullion. The time hascome how
ever, when The govern ment ard national
banks should be required n take the most
efficient steps and make all necessary ar.
rangements for the resumption Of specie pay.
ments Let specie pay fnents once be earn
estly inaugur,ted by the government and
banks, and the value ofthe PAPER circulation
would directly Approximate tn a specie
standard. Specie pay ments having been re-
sumed By the government and the banks, all
notes or bills Of paper issued BY either, or Of
q less denomination than twenty dollars,
should by law be excluded from circulation,
so that the people may have q beuefit and
convenience Of a gold aBd,silyer currency,
which iD all business trsnsactiOrs may be
uniform in value at home aud abroad EverV
man Of property or Industry, every man who
desires to preserve what be honestly DOS
sesses, or to obtain what be can honestly
earn, has direct interest in maintaining a
safe circulating medium which shall be
real and substantisl, not Liable to vibrate
Wuh opinions, not subject to be blown up or
blown down BY the breadth Of SPECULATION,
but to be made stable aud secure. A dis
hOnOred cuTrereY is one Of ths createss. Do
litioal evils. It undelmiues the viri ues rec.
essary for the support Of the social system.
and encourages propensities destructive Of
its haprinCss. II wars against industry,
irugaiiiy, snd economy, and it fosters the
evil SPIRITS Of extrsvsgance and speculation.
II has been asserted BY one Of our pr0fourd
and most gifted statesmen, that Of all the
contriVsnces for cheating the laboriBq classes
Of mankipd, mona has been more efectual
Ihau that which deludes them with paper
money. This IS the most effectnal Of in
yentIOns 10 ieFtilze the rich mans fisIds bv
the sweat Of the poor mans brow. Ordinary
tyranny, oppression, excessive taxatinn.
these bear lightly on the hsppipess Of the
mass ofthe community compared with A
fraudulent currency and with robberies COM
mitted by deprecated paper. Our own his
tory has recorded for our own Instruction
enough, and more than enough, Of The de-
moraiizlng tendency, the IL iastics and the
mtolerable oppression on tne virtuous and
well disposed, by degrade d pei per currency
authorized by law or any way c0untensneed
by the government 1t is enc Of the most
suceesEtal devices in times Of pesce or war.
Of Of'expansiOBs OF reflections, to accomplish
the transfer Ofallihs precious metals rom
the great mass Of the people into the hands
OF the few, So here they are boarded in
secret places or deposited under the bolts
""d bars, while the people are leit to eLdurs
an the incoBVeniencss, sacrifices aud demOr.
alization resulting from the use Of depreciat-
ed and worthless paper.
TIE INTERIOR DEPARTMENT.
The secretary Of The interior, in hisreport
gives valuable information in reiersDcs to
the Interests eOnhded to the Supervision Of
bis department, aud reviews the ocprations
Of the land ofice, peusion Office, patent Office.
and The Ihdian bureau. During the fiscal
year ending June 20.b, 1858, 8 SIS. ZOO aorfa
Of public land we're disposed Of Tie entire
cash receipts OF the general land oflies for
the SANE period we're 81 632 145, being great
sr BY SEA so3 than the amount realized
IRON the same sources during the previous
year. The enti iies under the homestead Law
cover two million three hundred snd twen-~
ty.eight thousand nine hundred and tventT-
three acres, nearly Oue-i0urth Of which was
taken under the act Of June 81 1868, which
applies only to the states Of Alsbama. Aiss;s-
hippL LOuisians, AIkanias and Florida.
Oh The 30th Of June, 1868, one hundred
snd sky nine thousand six hundred and
foTty-thEee names we're borne on the pension
rolls, snd during the ear ending on that day
the total amount paid for pensions, including
the expense Of disbursements, was S24 OIO-
Sa2, being s., ,39l, OPS greater than that ex-
pended TOR like purposes during the pTeCed-
ing year.
During the year ending the 30lh Of Sep
tember last, the expenses Of the patent cfica
exceeded tne'reeapts by tns hundred aud
seVelty- -one dollars. Including reissues
and designs, fvrty thousand one bundled and
6fty- y-three patents were issued.
Treaties with various Indsp tribes bsve
been concluded aud will be submitted 10 tbe
Senate -icr is cOnstiiu. i0nal aeon. I corIi-
ally sanction the stipulaions which provide
I = reserviBg lands for the various tribes.
y mere they may l,e encouraged to abandon
their nomsdlc habits and engage in agricul-
lurai and industrial pursuits. This policy.
inaugurated many years since has met with
signal success, whenever it has been nursrsd
10 good faith aud met With BECOMING lfbfr.
atty by the United S. stes. The psrsssifv
Of extending It as FAR as practicable 10 our
relations with The sborgiUal population IS
greater now than at any other preceding
period. While We furnish subsistence and
to t5e lndisns, and guarantee the
lndIsturoed Enjoyment of their treaty rights.
Ee should haoitually INSIST Upon the iaiih-
ul observance of their agreement to remsiu
Nlthin TIER respective reservations. Tbs
5 the only moSe-by which collisions witb
'ther tribes and with the whites can ba
'voided, and the safety Of our f. outier settle-
nents secured.
THE PACIFIC RAILROAD.
The companies constructing the railway
rom Omaha 10 Sacramento have been mist
nergetlcally engaged in prosecuting the
Fork, and It il believed that The liue Will be
ompieted oe'ore the expiration Of the next
seal year. The six per cent. bonds issued
these companies amounted oa tbe 5th inst.
o S44i3J7 600, and additional work has been
one to The extent of 50 200, OO9. The sec--
etary OF the interior in August last diTec.ed
ly attention to the report Of a government
irector Of the Unien Pacific railroad com
any, who bad been specially instructed 10
xamlne the location, constsusioB, and
Of their rosd. l submitted TO The
itorney general certain questions in regard
, the authority OF the executive, which
rose upon this report and those which bad
-Om time to time been pr sented by the
ommissiOneTs anpoinfad fn eva rr,irn- Ii. -