Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1869-12-17

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now sugrcSt plans by Which this object may
be Effected, but will if necessary, make il the
subject Especial message during the session
OF Congress-
VIRGINIA, TENAS AND MISSISSIPPI.
AZ the March term, Congress, by Joint re-.
solution, authorized the Executive 10 order
elections in the State Of Virginia, Mississippi,
and Texas, to submit the new Constitution,
which each had previously framed, to tue
people, and to submit the Constitutions. either
entire or i'll scpcratc parts, to be voted upon
at the discretion Of tho Executives. Under
this authority elections were called. IN N'ir
ain!a the election too!l place cn thc Gsh of
July The Governor and i.iuutcnaut Cover
nor elect havc be u installed The I.c.Slu
turc met and did AL required by The rcstlr-
ton and by all The Reconstruction Acts or CON
'gregs, and abataincl from all doubtful aut,ori
ty. recommend tbat Ecr Snnntnrs and Re-
pr"scnttiycs he promptly admitted to .loir
seats, and ;hat The State be fully restored to
its Place in the i,,uily oG States.
Elections were called in Nl;s,ii4yirpi and
Texas to commence on The 3Oth ci Novcmhcr
two days in a!;saa,ippi, four days Texas.
The elections haze tticn place, bat tl,c re-
suit is not known. II Is Hoped that lie actg
Of the legislature Of these >g.tcs, when thrv
meet will he such rs 10 receive yonr apnro-
val, and thus close thc wor.; of Reconstruction.
TIE CURRENCY
Among the evils growing out of the rebel.
Eon, anA net yet referred to, is that ofan IL,
rcdccnnbo culEcncy. 1t is IN evil Which
hope viii receive y0urmo7t earnest a.,cn;;on.
1t Is a duty, and enc oft,,n l"'tcat I;t,.ys cg
trn f,nrnrIIp,;s,tI IN l.
m",ium Of exchange ot Gxc', unvaYyins
vilnc. This implies rotuvn II Il sDc,:r b.
SIS, and ii no substitute i0r It can loGa,iscN,
it Should BE conmc,.c,l now ana r,ac,.a, at
tho c#,!i2>t practicable mcmcDt cnnsisfant
with y G;iir icynrl 10 TIC iuturos!s nf ,',a d,h.
tor class. lmueliatr ro&ump!iuu, If rractjam-
Ne woulI Mt be desirable 1t would ccmp |
the debtor class to pay tcyonl t!eir ccntr,cts,
pre,minn on gid a ;;.c dAte o. tier rrnrchasc,
and wouh bring bankruptcy aid .ui..
10 Thousands. l'!nc'ui.ioue, i'owo"or, in tie
pnpor vaac, of the ncatuva of al vue nr
gn!d. is de'ii.nontll 10 the Interests Of trade.
1t makes tic i!nu nt hu.;ne@s IN iUvoluu.agv
gambler; for in Ill sn!es, when future ppy-
nent is t. be mndc, both parties spccnla;u AZ
to @iat Will hc tic va!un CT tho curGcHny t.,
be pad aud received earnestly rcros.ucud
to You, then, such legislation as Nh nst,yn
!tradnal return to specie payments, ana IN.
an immediate stop 10 Auc'uitioua in tie yalHc
o, currrncy The method 90 secure Tie f0t
Der ti,5o rosnl': arc rs Nnm2"ovS as ap,,
culatous on political cc)nomy.
10 secure the latter, | SEQ but one way, and
!hat is 10 authorize thc i'rausury TO ,;alccn
It's own lnpcr at a i;2l prico wncncvry pro,
scntod, and to .withh1l !ro,n circuMl on Ill
currency 50 re- i@2ncl until sold ugain for
gold. The vast resources Of tie nation, btt.
developed and unlpyclopcl, ou.'rt t. N K,
our credit the best Oh car:h With les
burden Of taxation t!an the citiAeus hqs en-.
dared for six years pass, t.ln entire pubio
dcht coald he paid ia ten years Bat Ills
not desirable that tho people should be taxed
to pay it in that time Year by yc,r The
ability to pay increases in rapid ratio; hnt
the burden Of interest ought to be reduced as
rapialy rs can be without Il Violation OF con.
tracts. The puh!ic dybt is represented in
great part by bond h,vin" from five to tween
ty, and from ten t"foWy yeas to run, heoring
interest at the rate OF six and fvc per cent
respectively. Il is optional vita the Govern
nlent 10 pay these bonds at any per pyn; alter
the expiration OF the last time mentioned un.
on their face. The time has already expired
when great part may be taken up aud is
rapidly approaching Wien all may BE- It is
believed that all which arc now due may bc
replaced hy bonds bearing rate Of in. rest
not exceeding four aud II half per cent, and
as rapidly rs the remainder become due. To
this it NAY be necessary 70 author
izc interest to he paid at either os tic thyQc
or four money ccutres of Euyone, or by ANY
Assistant Treasurer of the United States, at
the option Of the holder of the honA s,,e.
ccat this subject for the consideration OF Con
&rcSs, and also, simultaneously with this, tho
propricty of relocating o,.v currency, as be-
fore suggested, at is market value 1T The time
when the law goes into effect increasing the
rate at which currency will be bought and
sold from day to day or week to week, at the
saine rate Of interest as the Government PAYS
upon its bonds, subject to the tariff, anl in |
tcrnal taxation, will necessarily receive your
REDUCTION OF TAXATION
The revenues Ct tho country arc greater
than the requirements, and may, with saf ty, |
be reduced but as the funding of tho debt !
in or a Al per cent. loan would reduce tho |
annual current expenses largely, thus after
Iupding justiiying greater reduction of tax
'tion than would be now cxpcdcnt, sug.
sest postponcmcnt Of this question until the
next meeting Of Congress. 1t may he adris. |
able to modify taxation and tho tariff in IN
stances when unjust or burdensomc discrim-
nations arc made by the present laws, but of
4 general revision of laws regulating this sub