The democrat. [volume] (Weston, W. Va.) 1868-1874, 1868-12-21
Produced
Fan $780,
expectation
&rcasury, and,
remaining III
6 PAYMENT,
30 facts, and show
how oeiuitrior currency vii!
PAYMENT.


'h0w ~'nftrior currency vii!
supsrscsc ,r5eoc,,cr. forcing i. from cir
cuIai!on among the E'e'ses, aud causing it
10 be exported a: II mere article Of trade,
Ia add to the money capital Of foreign
lands, Thsy show the nceessi:y of retir-
ing our paper nNaey, that the return of
gold and silver to the avenues Of trade
Iu,y be invited and u demand created which
will canse the retention at hvme Of at least
40 mue:i OF the productions Of our rich
aud incxhaustible gold-hcaring fields as
may be sufficient for Tie purposes o: circu-
lalion. 1t is unreasonable TO expect u
return to i sound currency SO long as the
Government and banks, by continuing 10
issue irrcdcemabe notes, I'LL the channels
Of circulation with deprecated paper.
Notwithstanding coinage by our mints,
since 1919. Of $S74, 900, 900 the people
are now strangers to the currency which
was designed for their use and bcrcit,
and specimens Of the precious metals bear
Ing the national device are seldom seen,
except when produced to crafty the inter-
est excited by their novelty, If dcpreci-
a,ed paper is to be continued as the per-
manent currency OF the country, and all
our coin is to become mere article Of
traffic and speculation, to the enhancement
of the price of all that is indispensable to
the comfor; of the people, it viii be wise
economy to abolish minis. thus saving the
nation the care and expense incident 10
such establishments, aud let ell our pre-.
cious metals be exported III bullion. The
time has come, however. when the Gov
ernmcnt aud National Banks should be
required to take the most Efficient steps,
and make all necessary arrangements, for
the resumption of specie payment. Let
specie payment once be earnestly iraugu.
rated by the Government and banks, and
the value of the paper in circulation would
directly approximate specie standard,
Specie payment having been resumed By
the government and banks, all notes or
bills o: paper, issued by either, of less
denomination than twenty dollars, should
by law be excluded from circulation, so
that the people may have The benefit and
convenience ola gold and silver currency.
which, in all their business transactions,
will be of uniform value at home and
abroad Every man of property or H.
dus,ry, every man who desires 10 preserve
what he honestly possesses or 10 obtain
wha: he can honestly earn, has direc,
interest in maintaining a safe circulating
medium, such medium as shall be real
and substantial, not liable TO vibratc With
opinions. not subject TO be blown up or
blown down BY the breath Of speculation,
but be made sable and secure \ disor-
dered currency is one of the greatest po-
litical evils. 1t unicrnnes the virtues
necessary for tie support Of the social
system and encourages propensities de-
structivc of its happiness; it wars against
industry, frusal,y and economy, and il,
fosters tue evil spirits of extravaganza and
speculation. 1t has been asserted by one
OF our profound and mos' gifted statesmen
that ''of ali the contrivanccs for cheating
The laboring classes Of mankind, none has
been more etirc,ual than that which dc
lulcs them with paper money" THIS is
tn. most eftectual OF inventions 10 fcr,i.
ize the rich mans fields by The sweat of
the poor mans brow. Ordinary tyranny,
oppression, excessive taxation, these bear
lightly Oh the happiness of this class Of
the community compared with a frauau.
lent currency and the rohheries committed
by deprecated paper. Our own history
has recorded for our instruction enough
and more than enough, Of the demorali-
zing tcudcncy-the injustice and the ill.,
,o!erable oppression on the yiftuous and
well disposed of n degraded paper cu:-
reucy. authorized by law, or any way
countenauccl by the government,
1t Is one Of the most successful, devices
in times Of peace or war, Of expansions or
reyulsloLs, 10 accomplish The transfer of
al the precious metals from nc great
mas, of the people into the hands Of the
few where they ar bearded IN secret pla-
ccs or deposited under bolts and bars,
while the people are left to endure all the
inconyeniencics, sacrifices and d"morali-
cation resulting from the use Of dsprccia.
ted and worthless paper.
interior DEPARTMENT.
The Secretary OF the Interior in his
report gives valuable information III ref.
sreuce 10 the interests confined to the su-
pesy sion Of lis department and reviews
the operations Of the Land 0!liccS, Pen.
sion Office, PateHt Office an. the Indian
Bureau. During the fiscal year, ending
june 80. 1868, six millions six hundred
aid ffty.fye thousand seven .uaJrcd
acres of public land were disposed OIL
The cn.ire cash receipts Of the Gcncra.
Lard Office for the same period were 81
G32, T4j, Icing greater by Ssh $50 than
the amount: realized from the same source,
during the previous year. The entries
under The homestead law cover two mil
lion three hundred and twcnty-eight thou
sand nine hundred and twcniy three acrcs,
nearly one-fourth Of which was taken un-
der the act Of june 81, 1866, which APP