The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1874-05-01

| bduhS III Gull OF III OQlU6u OJaLe
/, notes, themselves redeemable anC
made equivalent to coin, as a meas
ure preparatory to free banking, O
' for placing the Government in con
dition to redeem its notes in coin =
the earliest practicable moment.
"The revenues of the countrv
. should be increased so as to pay thl
current expenses; provide for thu
sinking fund required by law, ant
also a surplus to be retained in the
Treasury in gold. am not a be
lever in any artificial method o.
making paper money equal to coin
when coin is not owned or held
ready to redeem the promises t.
pay, for paper money is nothing
more than promises to pay, aud is
valuable exactly in proportion tc
the amount of coin it can be con.
yerted into, While coin is not used
as a circulating medium or tie cur.
reney of the country is not convert
ible into it at par, it becomes an ar
ticle of commerce as much as any
other product. The surplus will
seek foreign market, as well as any
other surplus. The balance Of trade
has nothing to do with the question.
The duties on imports being requir-
ed in coin create a limited demand
for gold, and about enough to salts
fy that demand remains in the coun-
try. To increase this supply I see
no way open but by the Government
boarding, through the means above
given, and possibly by requiring the
National Banks to aid.
at is claimed by the advocates of
the measure herewith returned that
there is an unequal distribution Of
the banking capital of the country.
1 was disposed to give great weight
to this view Of the question at first,
but on reflection it will be remem-
bered that there still remains $A,-
100000 of authorized bank note
circulation assigned to States having
less than their quota not yet taken.
In addition to this, the States hay
ing less than their quota of bank
circulation have the option of $685.
OOO,0 more to be taken from those
States having more than their pro-
portion. When this is all taken up,
or when specie payments are fully
restored or are in rapid process Of
restoration, will be the time to con-
slider the question of more currency.
"U. S. GRANT.
Executive Mansion, April %, IA"
A fire broke out in the Columbia
FIGURING Mills. at Richmond, on the
21st and destroyed property to the
extent of 100000.
The Arkansas muddle has subsi-
ded, or been referred to the Legisla-
ture, which viii be protected from
interference by the federal authority.
At Ishpenning, Mich, on the 10Th
a destructive fire swept away q por-
ton of the business part of town, and
also rendered thirty families home
loss. Loss $150,000.
Budd Doble was in Chicago last
Sunday with a fine stud of horses,
including Goldsmith Maid. He has
recently purchased a number of
young horses Of promise which he in
tends to train for the track.
Old man Bender, the Kansas MUIR
derer, it would seem has at last been
identified. Photographs sent from
Salt Lake to Kansas have been the
means of recognition, and he is to be
taken to Kansas.
Ninty-five per cent Of the liquors
seized in Massachusetts, under the
prohibition laws of that state, prove
TO be poisonous-some Of them al !
most deadly, Drinkers shonld make
a note of this, and govern themselves
accordingly.
The Huron & Shawnee Trans
portation Railroad Company, with
a capital stock of 100000 has been
incorporated. The Road is to extend |
from a point near Prout's Station, on |
the Lake Erie Division Of the Bal
timore & Ohio Railroad, to the vii |
lage of Huron on Lake Erie.
The Southern foods this spring |
have been the most disastrous of auy
that have visited that section of the |
country. And to add to their troubles
it is thought that when the food |
subsidies and the waters dry up, the
hot suns will breed a pestilence more
terrible than the food.
The Cleveland Women contem-
plate the establishment of places
similar to the Holly Tree Inns, of
Massachusetts aud the British
Workman" places, of England, where
rational amusements and games may
be patronized and refreshments, tea,
coffee, meals &c obtained without the
presence Of liquors, The most rea-
sonable substitute for saloons that
can be thoughto of.
Before its recent adjournment the
Mississippi Legislature dealt fatal
blow to the liquor interests. It pass
ed bill requiring majority Of the
males over twenty-one and the fe-
males over eighteen in every town
or township, to sign O petition be-
fore q license to sell liquor would
be issued. The Governor at once
signed the bill and it became q law.
This brings the adjustment Of the
question home to the bosom of the
family where it properly belongs.
The wives and mothers and daugh-
ters of Mississippi are to determine
Tor or against the continuance of the
5raflc. Mississippi has set the sis !
ler States good example. Such ,
aw as that would lay an embargo
1pon whisky. lc