The Superior times. [volume] (Superior, Wis.) 1870-1912, 1872-01-27

valuable than that existing at the time their debts
were contracted, or which reduces the value of the
property for which their debts created and in
Class should be eargy ., cs large large
number and indebtedness much greater than at the
Prices controlled by the laws of supply aud de,
mand. and by the volume of the circulating medium
many that specie psyru. hts can only be arrived
at and maintained by first Withdrawing considerable
opinion. Since 1863, gold has declined nearly thirty
per cent without disturbance or distress to business
and yet our paper currency has not diminished, but
increased in volume. further decline of ten per
contraction of the paper circulation and did coin
would take its pl and little need be apprehended
from disturbances OF values of the business of the
country. With five per cent bonds at par in gold
no one ought to doubt the ability of the government
redeem presentat ton, It's demand notes cancel and
itors either gold legal tenders. as might be de-
mahded there can be no dorbt that the whole amount
o. existing greenback with the exception of the frae
tonal would be kept in circulation and the intoIer-
able nuisance of fractional currency would be abated
then the only apprehension of contraction would be
from me National Banks which might fear demand
The National Bank currency now well established
| N pubic confidence and their circulating
all guaranteed by government securities with an adj
e9usie margin Tor contingencies, and such notes is
sued IN massachusetts,, Kansas or Texas circulate as
really ~ Wisconsin as in the neighborhood where
elIteu ana ,hey are now so scattered the entire
,ected and sent home for redemption unless the
DAM themselves resoeted to that policy and
GOO IS only maintained at its present premium by
/ o to iS
ch1ree balances abroad and pay duties Take
! away any eonsiderable portion of the demand. and
approximate, and when that result reached no one
Gutharity from Gs1gr rFei re on1In
tariff duties in legal tenders would troy the de-
msnd for 90,009,0Oo gold per annum and would still
leave the Government with its large coin reserve in
position to meet all its engagements and would so
appreciate the legal tenders to make resumption
safe and easy Tor the Government and people 1t is
| recommended thai you Iuemorialize Congress in ia
Vor OF inc payment OF coin for all its debts
POSTAL TELEGRAPHS.
! The President, in his late annual massage recon-
mended to Congress the adoption of government
! Telegraph system III connection with
TEN. 1t would seem that this endation ought
now control the transmission OF the intsligenoe Of
toc eG oy ~ seegfaRh ana the ganbleTs and
used and whose occupation would be gone If it was
made SO cheap and reliable to be within reach
OF All lhtoeh inc teieg reph u an American iDven-
tor and the character of people and country
crcum stances it would be used here morefreeiy
chan in any other oountrythe fact is, that there
telegraph is used little by the masses as in the
tinted states. In EutoPo nearly fifty per cent Of all
| this country the same class of messages scarcely
reach hive per cent and IL is evident that country
is to be about the last enlightened country 10 re-
eeive the full benefit Of that wonderful invention.
ment OF the telegraphc business the country rs
| based upon three objections
lst That VIII tend to largely increase the pa
tronaSe OF the government and the concentration OF
"a That it will place ali the social and business Sc
cres OF the pubic IN the possession OF the govern
81. The great expense that the adoption of the
system would entail upon the government and people
The conjunction OF the wires with the postotces will
not add to the number Of postalasters. It is true
PEELED to employ one or more operators to assist
euration of the system of Civil Service Reform
will insure the appointment of telegraphers the
ground Of their fitness alone without regard to thei,
political opinions. and they viii only be removed fol
cause, In Europe, women are largely employed a:
pert IN the discharge of their duties II the systen
should be ALLOTTED "a TINS country no doubt it would
obtain an honest livelihood, Nor would it be
open to them which they ill with advantage Il
themselves and the public,
would be In the possession OF government officials is
not serious objection. Telegraph secrets must bt
in the possession of somebody. Is it better thai
they should be III the possession persons controlled
by efficient and stringent laws, than as now wholly
without law and virtually wholly Irresponsible? One
great objection 10 the present system is, that there
plain, for redress of grievances, with any hone OF
success The expense attendant on the adoption OF
than the existing lines be built not to exceed
Slo,eOoGo. Nine,tenths OF all the lines in the ooun
try are controlled by one company, which, having
watered its stock many times. is represented by
stood that majority OF the stock Is held by man
and his imme date friends. go that in truth the pow
hands of one man and he is the largest monoPoiist
in the country. Can worse Capitalization of power
be imagined
Less than one year $50, the stock of that company
was worth in the stock market less than 50 per cent
Dividend payng stock and the present quotations
its true value bat simply intention i,nrose upon
the government in case it should determine buy
the lines; Ii the Government cannot buy existing
lines at their fair cost IT should proceed at once 10
by the eesp con be ae sFT9 for
fourth o. the nominal capital represeI ting the
would involve annual expense for interest. of SEQ
90, which would be met from the net earnings of
theSystem a uniform tariff of 70 cents for % words
to any part of the country
The Government has given upwards of $4,000 Oo0
an nal fnr
interest, OF S3,6n0 oo aud Congress voted for
1T who now cry out against the extravaganza of the
The difference in tho propositions is that one is
tor the benefit OF the whole people virtually costing
the government nothing. while the other was the
benefit OF comparative few and imposed heavy
The experience of European and other countries,
fully Justihes the statement that the system here
would be self-sustainng Republican Switzerland
was the first country 70 adopt it, and Il result is,
be sent to any part of the country and yet al that
low rate, the system IS only solfsustannc but
| source OF revenue to the government Tho same
may be said of Belgium. Even cold and sparsely
settled Norway and Sweden are far in advance Of ms
tor there for tweu weight cents dispatch wenty
words may be sent to any place IN those countries,
| Great Britain was the last Europe an country to
| adopt the system, which she did IN February,
| opposition from the telegraph comranies The
result has more than justified the predictions of the
ment has the most perfect Geographic system
me world A. mni4rm Tate prepaid by stamps OF
than doubled, il has paid all expenses aud returned
. revenue 10 the government that retuC-
ton ct tai 10 siNpeGcc tor twenty words promised
Ut esrly day In Australia country vast in extent
! and very grsely pcnpled this system has been
adopted and IS self sustaining and q uniform rate
| ct one shilling, dispatChes OF twcntS words may be
| sent from one extreme of the country to another.
Believing J5at this measure VIII largely add TO the
material Interests OF the coutry. promote business
and triP Gtly Intercourse, au d bind the Onion
Eether IN more intimate and friendly relations, and
that the people desire il, and, satisfied, a that
the teieg r3Dh VIII only be rclIaba Institute
brought within the OF the masses in the hands
| If the government, recommend that you memorial
ze Congress IN favor OF the recommendation of the
| President
have thus Brought to your attention. such matters
! as regard as important 10 the welfare of the
state. Tho people expect of you rigid economy IN
expenditures aud that all public officers be held TO
Il strict accommodating.
With grateful hearts to the Divine Ruler of the
world, for all the blessing enjoy and firm
lance ON Him for guidance and support. let
proceed to discharge tao duties imposed upon by
| the constitution and laws
cADWALLAPER c. WASHBURN.
MADISON, Jan. II. 1872.
Fisk : Christmas Presents.
Colonel James Fisk, Jr., was the re-
riplpnt Of tW1 aleraDt ,,racap+o. on,