Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-10-06

than would meet the wants Of the peo-
pie ard the requirements Of commercial
intercourse. From the great diversity
of interests, which constitute our sources
of individual and national wealth, and
the varied relations of those interests,
we probably require a greater amount
of circulating money values than
any other people in the world
of equal numbers and wealth.
England, with q population of some
thing less than thirty-two millions, and
a territory less than some Of our States,
has circulating currency Of seven hun
dred and seventy millions eight hun
dred and eighty-four thousand dollars.
Germany, with 8 population of about
forty millions, has in circulation one
billion and ninety-One millions of dol
lars; and France, with a popu-
lstion Of little over thirty-six millions,
and small industries in the ratio
of ten 10 one as compared
with the more favored nations,
has in circulation among her busy peO-
pie one billion six hundred and fifty
millions of dollars, while the United
States, with q population the most act
i've and enterprising in the world ap-
preaching fifty millions Of people, with
territory stretching over half cOnti-
nent, with utilized wealth fabulous in
amount, and dormant resources Of in
ealculable value, has only some
thing ike six hundred mil
lions OF dollars circulatiD G
through the channels Of trade and COM
merce. 1t would seem from these COM
| psrisons that larger amount OF efTel-
tating currency is OF vital necessity to
remove the blight which has fallen at
least upon our portion OF the
country. to build up our
towns and cities, and cause the
sluggish stream Of commerce to move
/ on with a quicker tide. But to whatever
expedients we may resort for the rellel
| OF the people, would not have you to
lose sight of the sound msxiUm OF cur
| Democratic fathers: to conduct the gov
| erument upon principles of honesty sno
| economv, and at the earliest moment
nlace our financial system upon the
solid basis Of gold and silver. / wish
could discuss this great question OF
finance at greater length and more IN
detail, but time presses and l must
| hurry on. wish | could present to
you
FINANCIAL THEORY
sometime since submitted through the
! public press to the people OF the country
nv our able financier and profounC
t6inxer. Hon. Samuel Watson, dis
tineuished citizen of our State. 1t looki
| 10 fine extinction Of the debts of the
different States through the assistance o
| the general government, and gradua
reduction Of our national debt by mean
| a.. kau5fhio and IITnn
basis that is Just and equitable. regre
that I have not with me the paper con
tanning this able article, or l shouid D
glad TO explain to you fuliy tne SieWI :.
which it contains. Now my IelioW .li e.-l eit
| zens, having taken hurried survey 2
the political situation and its surrcund
ings; having discussed briefly rev o
the questions Ia which you as well as IN
entire public of the country feel an IN
terest. and which will doubtless beeom
the subjects Of future congressional legs
lation, and having, as l conceive
spoken in charity Of all men, and deal
IA a spirit Of fairness with all measures
/ come now to speak Of the immediat
duties which press upon ever
man in Tennessee, whether
! Democrat, Conservative OF Reput
iiean. Though for more than lou
wears the country was CONFUSE
with the most stupendous civil wa
known to history, in which millions
J armed men were marshalled IN hostil
! array, by whom great battles were fougt
and the land deIuged with blood. An
I though this mighty conflict was wage
! with devotion, patriotism and eou
!. aye that will render immortal in histoE
: 6ename OF American soldiers, yet wha
4 ever may have been the cause OF Just
. | fication upon the one side or the othe
fate. the accidents of war, or the prov
D denee of God has decided the issue, al
E decreed that we are one people. hs'
t but one government and one desLin
l We are now bound together as citizel
| | of one great republic, having eomn'
: interests, hopes and aspirations, ana
e single act of hurtful legislation, the E
4 actment Of 8 single unjust Al
y oppressive Law would entail
/, c6mmon evil upon all. Il
! pressd With these conviction