The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1868-11-26
FIiinl,riaI Ennrs.

Ihe general quiet IN All pdHlS "a
the country, since General GRANTS
election, has taken from the Demo-
cratic papers all cause of grumbling
50 far as actual troubles are concern
ed. But they cannot afford to let the
people rest in peace. So they have
opened fire on what they term a want
of policy on the part of the President
elect. The State Sentinel is particu-
larry uneasy on this point. 1t thinks
the General is prepared neither by
education nor experience for the grave
responsibilities that have been thrust
upon him. What is far more alarm
ing to the Sentinel, the party which
elected General GRANT has given no
expression which foreshadows the
Generals financial conduct, and.
worse of all, has no defined policy
upon the great questions of finance
and revenue.
We regret to see the Sentinel so
burthened with anxiety, and feel dis
posed to do what we can to relieve
its fears. We take pleasure, there
fore, in giving it the information that
one of the first great financial meas
ures which the Republican party ex-
poets Gen. GRANT to inaugurate will
be a rigid system of economy in the
administration of the Govern
ment. That of itself will be a
measure of such vast Importance
that all other questions assume
a secondary, place in comparison.
With strict economy n every depart
ment of the Government, and the
I revenues honestly collected and dis
bursed, there will be but little trouble
experienced in getting back to a
specie basis. As to how that will be
done, it is true there is no clearly de-
fined policy adopted as yet. but that
there will be, when the suspicious
moment arrives, there can be no
doubt.
It is asserted in various quarters
that Senator MORTON will be one oil
Gen. GRANTS most trusted advisers,
and some correspondents have as.
serted that he can have the
Department of the Treasury il
he will accept it. However thii
may be, it is pretty certain that th'
Senator will have great influence will
the new administration, and conse
quently his financial views may b.
worth the SentineEs consideration
We copy them as we find them Sc
| forth by Washington correspondent
One of the most important mea
, sures to be presented will be bill b,
t Senator Morton providing for the re
demption of greenbacks. He will
> urge that sales of gold be discon
r tinued, and the surplus of gold in tn
Treasury, and that which is to accrue
e be appropriated for the redemption
) of legal tender. His bill will fix tn
time for beginning the redemption. b
way of illustration, in January, 1871
He believes that before the tim
arrives greenbacks will be worth thei
face on a gold basis.
He will oppose, in the meantime
any further contraction of the curren
' cy, believing that the contraction vii
. take place by the act of redemption
e by cancelling such notes when pre-
9 sented for redemption. Governo
: Morton does not believe his PROPOSE
f ton, if carried out, will tend to di
minish the volume of currency, as gol
, and silver will come in to supply th
o place of such legal tender notes 8
: may be Cancelled. The time for b.
q ginning this redemption will not /
/ insisted on by Governor Morton, SON
/ Congressman being in favor of begir
ming in one year, others in three, an
% still others in five years.