Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1869-12-18

Ieoislnture of these States. when they meet,
will bc such ms To receive your appreciation,
anJ Then close the worl, of reconstruction.
Amony the evils growing out of the rebellion
is tbat of an irrelcemablc currency. 1t is an
evil which hone will receive your most care
ful attention. 1t is IL duty--onc of the highest
of the duties of the Guvcrnmcnt-to secure
to the citizens a medium Of exchange of un-
VARYING value. This implies return to Il
s,,,cje basis and no substitute for it can be
devised. It should I've commenced now. and
reached at the earliest practicable moment
consistent with a fair regard to the interest of
the debtor class. Immediate resumption. if
practicable, would not be desirable. 1t would
compel the debtor class to pay beyond their
contracts the premium on gold at the date of
their purchase, and would bring bankruptcy
and ruin to thousands. Fluctuaticn. however
in the paper value of the measure of all value
(of goltD is detrimental to trade. 1t makes the
man of business an involuntary gambler for
in all sales, when future payments To be made,
both parties speculate as to what will be the
value of the currency when paid and received.
earnestly recommend to you, then, such lcgis-
lation us will insure gradual return to specie
payments. and put an immediate stopto tluctu-
atinns in the value of the currency. The
methods to secure these results are as numer
Gus as are the srcculations on political econ
omy. 70 secure the latter, see but one way.
and that is TO authorize the treasury to redeem
its own paper at fixed prices whenever pre-
scn.cd, and to withhold from circulation all
sGch currency redeemed uh,ll SOFA AGAIN lor
olo; INC vast resouit's "a Va. . n.''o ". a'.., no
WV WV oiout ~. nnI Wv ,,, n,.,,, IV;,I a inss
1 our ,'.o., ~ '',u ."t;n u. va ,a thn nonni. hav,
i, g. ~. ,,",rs ,,n,, ,Lo nntiro nnLlic
Ii"ureu; "t DIN S"iS i"', an hrt :, " 40
uvo, lotlu ta. ~ ~, p ',,,,a soj No, I,r taxr IN
,nn.. !. ~ %'ot ~ Elm, ,nr NV veor thc abiltv
, -, ;nora,sa IN p, MD ratio Int tbc burden
of ;n;erost % n,r,bt 70 bc reduced rs ropidlv as
". NV i S ,,;tr,t +ha ,;nl.tion of tho n,,
mn ~ oorI n.y. hi;o ' Jo,t ;' ronrrs.n,od in
.Ia.'s' as pIoi.. ,,.;, !, NV era -
sio". P"it y oo.io7' n,'. ,. 'n, , -, n,,,,
,"cn'. anu iioih ''.i W. w. =. .".
oeni'ns ~ 'h'.res. Nv Wv iat. T.. TN l. ,,,
anu I'VE leT cont ie'P'.'.,'!. 10 "p
'io'ial WIN 'ie :" i, ''' ~ ~ i''t
at ah! l%ii"u a.ei ,h. t y, r 't ,,,, ann,
,er'', I.e'.'iocn ul'm 'r,' .. .t or, thnm,
,,'.S "'he h unpu1 M ,md ,hn ,ma Is r,n;dlv
nv. W ."N'n "p' u'a .' ~ :; 1,Iin,.a.,
approach'lG Mic, an may w, ~ -, IL ,io.oI
~! ,,.", vi MniGn ao ~" E ;,..s,o. ,p"nnd
y, oonu' up",s ,r Va oant ond ,s roo;5I,
M ,"". n;a.. ".I; ip p d,.n ,La, nav ho ro
40 'S1 wy -, .i - ,, ~ n,:,,I;h ~,
!.'asou ,n ,,.o sa.,u ;n,.ir,.. ~ 'n o
H,"! y, ;,i.'r a. w.. t,'roa ~ fnr ',n,nv
a,r, e E,ro,o nr Ly onv ,usist,n, trcc
suror ,t tha o,,ion Of tho bo.Jrrs Of tbe bonds
T no.r,,rran5 ,h;s snI,;.ct Gov thn co,s3nrot;on
',f ,nnmrnss AIsn s;m,,,tanrnnslv with Ills
tIo nrS,,r;nty of rcdnrn,inr o,,r cnrrcncv ,s
h.f,rc s,rygrstcd Mt its market value. mt the
t;nn tbc law rocs into effect Increasing thc
rnts ot Which cnrroncv will be hu,,ht nr snld
rrom ,iov tn Jav or w:c,, TO week at the same
r.tn nf ;,.nrrs, os tho Government ,,oys unon
;.s Lon1s
Thn .nb;cst of tariff and informal toxotion
will nncnssor;Iv rocn;vc vonr attention Tho
royanros of no c,nntry orr greater thor tho
rccn;rc,ncnts and NAV with safety he reduced
hut 40 tln fnrIinr of thn ,lcbt in fnur or fuur
! and one.balf n,r cent bonds would rcduM thc
annual current cvnrnsc largely. and then after
fun,;no ;nstifv n greater reduction Of tayotion
than wonld bc now cxmdicnt. | surrrst the
,ostponement of this until the next meeting
of Congress, when it may be advisable to
moiify taxation and the tarili IN instances
where unjust or burdensomc determinations
are made by the present laws. i,nt general
revision OF the laws regulating this sunJect,i
recommend the postponement iSr me present