Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1869-01-14

administration of the Government the bet>
ter for the country.
Your letters contain q strange admix-
ture Of resumption by manifesto and re-
sumption by contraction. You say that
the policy Of contracting the currency at
the rate of four millions q msnth would
surely have brought specie payments il it
had been continued. Yes, ii all the cur
rsncy had been taken up and nothing but
gold ami silver left. You forget that while
that contraction was going on the curren>
cy grew worse, and seem not to compro.
bend the idea, which you evidently re-
gard as q country notion, that the way for
the Government TO bring its currency up
to par Is to prepare 10 pay Il according 10
promise. Yen believe resumption can be
brought about by contraction, or by mani>
festO without contraction. You treat de-
preciatet currency as a vice to be reform
ed by u good resolution instead of a dis
ease to be cured by time and the applica>
ton of judicious remedies. You believe
in resumption by faith and not by works.
An old preacher once, illustrating the doc
trine or salvation by faith. said: ''If the
Lord bids you jump through stone wall,
you must jump. jumping Is your busi>
ness. and going through the wall is the
Lords
A declaration Of immediate resumption
would result 10 q disastrous failure. which
would leave the currency in much worse
condition than it is now. Fit were suc>
eessful, il would produce great distress
and lasting injury TO business. If the
Government had in the Treasury gold
dollar for dollar with the greenback cur,
rency, il should not resume at once. To
do so would be q crime against the couu>
try.
In your first letter. which is not too old
To quote, you finally made resumption
impossible, by making it dependent upon
a bond drawing four or five per cent. in
terest, which would sell for premium in
gold. which the holders IF greenbacks
would prefer Ia coin, and into which the
currency would I've funded. Such bond
being impossible, in the nature Of things,
in advance of resumption. would seem UNI
necessary further TO discuss your plan.
You made resumption TO result from cons
traction, and contraction to depend upon
q method incapable OF execution. Until
your plan shall he made consistent with
itself. and its execution shown TO he posi-
bic, IL Is hardly worth while to consider
what would be its effect upon the country.
and have discussed il only US ono of the
many obscurities cast into the public mind
calculated to prevent lis clear perception
of the situation and Of the true measures
for relief
believe that resumption is demanded
by the best interests of the nation; that il
can he accomplished without serious in
jury 10 any class or To business; that II
must proceed by distinct recognition Of
the principe that the currency is to he
paid according TO promise; that n time for
payment n ust he fixed far enough off te
enable the Government 10 provide for l..
the people to prepare for il. and at or be-
fore which the notes will reach par by
gradual appreciation.
Not doubling that in all your Suggestions
you are inspired by the same patriotic mo.
tives which l claim for myself, | am, very
respectfully, yours. OPP MoRToy.