The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-03-14

York and Chicago had begun to use silver for
change, the banks commenced receiving
orders from their country correspondents for
small amounts of silver This demand has
increased every day, and the other day one
prominent bank received twenty orders from
different country bankers to purchase and
send silver coin in amounts ranging from
one hundred to five hundred dollars. Very
few of the orders are for half dollars, but
most of them specify quarters, dimes, aud
half dimes, showing that people are thor
ougbly tired of the ragged and greasy frac-
tional npasters-one-fourth of which is
palpably counterfeit, another fourth so de-
faced that it is impossible to tell whether it is
genuine or not, and the whole of which is
filthy to a degree that makes one who
handles it feel as though he had touched
smallpox patient
At present the stock of silver in the city
is not sufficient to supply the demands Of
such retailers here as wish to put their bust
ness on specie basis, and it is, of course,
impossible to supply the large demand from
the country until it is imported from Canada
or California, and the quickest way for both
country bankers and retailers here to get coin
for small change is to order their bankers
here to import the amounts they require
from Canada or the Pacific coast So prompt
and general a movement by the trading pub
ought to convince Congress that though its
currency initiation schemes, and its paltering
policy generally in regard to the currency.
may suit the purposes of gold spectators,
they do not coincide with the desires of the
business public.
But, even without any action of Congress,
there is no reason why specie payments may
not be resumed at once so far as relates to
the $39, 900, 900 of fractional currency. The
greenbacks are not exchangeable into frac-
tional currency, and, therefore, the latter can
be cut loose from the greenbacks, and specie
payments resumed and maintained on
$39, 900, 900 or $40, ,000,0 900 of fractional cur
rency, with not more than s., ZOO, 900 of the
specie now lying idle in the Treasury If
this step we're taken 1T is probable that the
most of the fractional currency of den omina-
tions below fifty cents would be presented for
redemption, because the people are thor
oughly sick of it. This would establish
silver basis for all retail business, independ-
ent of the value of greenbacks; small silver
would circulate; and we should have made
the first step to complete specie resumption.
REPUBLICAN MAGNANIMITY.
| From the Toledo Blade.
The first official act of Senator Revels, the
first man of acknowledged African descent
who has been admitted to q seat in the Senate
of the United States, was to present the fol-
lowing resolution from the State of Missis-
sippi, which he represents
| ReSoved That the people OF Mississippi, having
adopted Constitution republican in form, and the
Legislature of SAID State having ratified the four
| teenth and fifteenth amendments To the Constltu-
ton OF the United States, the Congress of the United
States Is hereby respectfully petitioned for the
removal of the disabilities OF all citizens of the State
of Mississippi and that Senator Revels be requested
to present the action OF this body to the Senate of
| the United States.
This does not look like the war of races so
| graphically depicted and predicted by Demo-
| cratic orators and writer's for nearly half a
century. No sooner does the despised and
long oppressed African gain a recognized
standing and an honorable official position
than we find him using his power to secure
pardon and restoration to political rights for
the very men who sought to make eternal the
bondage and degradation of his race. Such
magnanimity is almost without a parallel in
the history of the nations of the earth. Nc
race of men were ever so savagely oppressed
and outraged by another as the blacks of the
South were by the oligarchs who have been
disfranchised by the Government for the
crime of rebellion. They made war with 9
tolerant government on purpose to fasten
chains on the negro eternally. All that could
be done to trample him into the dust, strip
ping him of all the rights, dignities, and as
pirations of human being, was done by this
most despotic and tyrannical league of trai
tors. Even since the war closed they have
fought stoutly and Indignantly against every
proposition to afford relief and protection t.
the laboring class, the black men of tn,
South. Failing in the Rebellion they sough
to continue the blacks in state of serfdom
similar to that which in Europe still survives
the feudal system. Up to the last momen
this oligarchy strove to keep the black mai
from the seats of power and from position
of influence. And, now, no sooner has tn
negro Republican gained the right to do s.
than he bears request from the party h
represents that their bitter, lifelong enc
mics and oppressors should be fully absolve
from all penalty for their political crimes
There is a moral sublimity in this exhibition
worthy of contemplation. 1t shows il
powerful contrast the malignity of oppres
sion, and the magnanimity of arace and a part
who enjoy the triumph of justice an
right, without the least malevolence to th
wrong-doers.
! GREELEY ON PHILADELPHIA DIRT
From the N. Y. World.
J The doom of Philadelphia is sealed, and th
main-stay of the metropolis of monopoly hs
: parted. There is, if not treason, certainl
disatfection, in the tariff camp. Headqua
| ters are in danger If the present peril car
, not be avoided, Philadelphia falls. The ov
will light on the bare head of General Wasl
ington in Chestnut street; the bttern look OF
3 | of the Continental windows. and tho Ma