The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-20
Current Notes.

WI
viction strengthens among our most inteli-
gent business men that the great need of the
counsry is a flexible currency. Everybody
now admits that The amount of the instru-
ulcnt of exchanges at present in circulation
is wholly and amentably inadequate to the
imperative demands of business. Our curren-
cy should be so flexible or elastic that in
times of panic, when money is boarded, as
well as every fall, when, as things have been,
the movement of the crops causes stringen-
cy amounting almost to a panic, it could be
readily expanded until the emergency is over.
The WAYNE Democratic Press remarks
that we are endeavoring to mislead printers
into sending abroad erroneous Democratic
ballots. No such thing. We never saw a
Democratic ballot that wasn't erroneouss but
it is outrageous to endeavor to load the fault
on our shoulders. Democrat.
The Nation thinks that the 'blank indiffer-
ence as to all doxy" is more formidable foe
to the Alliance than the heterodoxy it has
been taking about.
In the Nation "the way back to specie
payments is considered to be to let things
alone, and the expansion of the business of
country without increase in the volume
of the currency gives us the benefit of con-
traction. IF there be not currency enough to
do the business of the country gold will flow
in and the two approximate. There is no
such thing, it adds, as ian elastic currency"
which is neither coin nor redeemable in coin;
for irreemable paper does not go back.
A falling off in nine months of thrty-five
millions in imports, and gain for the same
period of forty-eight milioI of exports lex
elusive of SIP -cie), is something worthy of re-
mark. New York brings out about two
thirds of the total foreign imports, and tor
merly shipped about forty per cent. of the
produce and merchandise exports. Our pro-
portion of exports has increased until we now
send from hence about forty-six per cent. of
the country. If the proportion of increase
and decrease as given at this port holds good
at the other ports, and it does as far as we
have the returns, then "the old lady of
Threadneedle street," London, may put up
her rate of interest never SO high, she cannot
stop the flow of specie to this country. The
balance of trade is in our favor, and the SOW
ereigns of Great Britain must melt their
pride in the crucibles of the American Mint.
Journal of Commerce.
ga Catholic" writing to one of the New
York dailies, refers to the fierce onslaughts
upon the Catholic Church that were made BY
the Evangelical Alliance, and then he recites
the fact that five or six Catholic cergymen
died at Shreveport and Memphis from yellow
fever contracted by their attendan ce on the
poor victims of the plague. Finally, he sug-
gests that the alliance shall send down a
committee of their reverend members to
those cites, lust to make inquiries among
the fever patients at the hospitals there what
they think of the superstition of those sur
pliced emissaries of Rome" Or, if they have
no inquiries to make, he urges that delega-
ton should be sent 'to counterfeit the bale
ful effects of this conductor the part of the
priesthood
The New York Mail says there is one way
OF preventing the boarding of greenbacks.
Suppose that Congressional pass law pro-
viding for the issue Of five per cent, gold in
terest paying bonds of small denominations,
in exchange for greenbacks at par, the same
to be recoverable into greenbacks on de-
mand. There ale very few holders of green
backs who would be stupid enough to put
them away for safe keeping, when they could
get interest-paying and convertible bonds in
exchange.
We do not. of course, court political disas-
tiers; but it would be the best stimulant to
success here if defeat should befal us some
where Our only fears arise from the over
confidence of our friends. If something
would happen to frighten them little, il
would make differeDce-of thirty thousand
votes in Nogember.-Albany Journal.
The Louisville Commercial, in an article
on the KuKlux in Kentucky, says: at is
not complimentary to Kentucky, we almit,
but the time has come for the Federal au-
thorities to interfere. The honor of the
whole country demands it."
Mrs. Burnham writes to the Missouri Re
publican concerning Beecher, and concludes
that, "all things considered, it is swell
thing to be pet parson.'
The true plan for the resumption of specie
payments appears to oe for those who are in
special hurry to resume on their own account.
we hear of one house which has adop.ed
The plan successfully---paying in ,in. but lie.
Quoting the premium ruling when the raw.
ment is made.---Ne~ York Graphic KY
Somebody writes to us and wants II. 70
give definition of journalist. We will do
SO with pleasure. A journalist is man who
spends some Of the best days of his life in