Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1874-05-27

| country, 0uu you can Ahu ~" aHe
greater proportion of the circulation of
the North and East in the Southern
States wherever any man has anything
to sell, than you can in any part OF the
country East where he has not ANYTHING
to sell The moment the money is is
sued by the banks in loans it goes to
those parts of the country where the
business requires it. Ii there is cotton
| to be bought in the South, the money is
paid for the cotton; if there is wheat to
be bought in the West, the money is
paid for the wheat; and then if the man
who had the cotton or the wheat to sell
does not owe somebody else. he keeps
the money; if he owes somebody else.
he ought in honor, as he will, no doubt,
| pay that somebody else; and finally the
man will get the money to whom it be-
longs If he happen to reside in the
CITY of New York what in the name of
Heaven is the Senator going to do about
it by legislation? Cin you do anything?
OF course Won cannot
1t will not do, then, to say that this
SO. 600, 900 in excess which it Is said
We have is something which has been
taken by the East because it was neces-
sary for our purposes to do the business
of New York. Pennsylvania, New Eng
land, and Ohio, if that has an excess. and
do not know whether it has or not. No
such inference is to be drawn. and the
Senator has no Just right to deduce from
it the argument that every part Of the
country requires 1000, 900 Ill the same
proportion to its population because
so. 900. 900 went to New England and
to New York. 1t was not taken upon
the idea that the business of those
places required it in the sense Of doing
their business alone. Business is not
bounded by State lines, business knows
nothing about geography, it knows moth
ing about politics. The money goes
where the commodities are that are
wanted, and the commodities go where
the money lis to pay for them. So that
all there is in anything of this question
and Of the change OF circulation, or the
increase Of circulation. is merely an IN
crease of circulation to initiate prices and
without making anything cent more
valuable than it was before, or a change
of circulation to induce the conveniences
and comforts of banking in other Sec
tions of the country. If the West and
South absolve us now and say. I'VE will
not take that which we have claimed it is
our rightto have" l hope We shall never
hear again any complaint of the fact
that the banking currency of the country
is located where there was the money to
take it.
1t only remains to be added, that spite
of the unapswsrable arguments made,
and the substantial relief proposed by
Conkling, Edmunds, Thurman, Bayard
and the other anti-infiationists, Morton,
Merrimon and the rest, insisting upon
their chosen course, voted down this
amendment and passed the bill as it had
been reported by the Finance Committee.
It now goes to the House, where. if
passed at all it will only be passed to re-
ceive the Presidents veto.
The Reno Crescent considers the
Truckee Valley in danger of a disaster
like to that which took place the other
day in Massachusetts,. The cause of
the Crescent's alarm is the Won Schmidt
Dam at the foot of Lake Bigler. The
Crescent says that that dam holds
thousand times more water than the
dam whose recent bursting caused the
loss of so many lives. and predicts that,
in case of its breaking, Every human
being.in this valley would be swept to
certain destruction; every foot of land
would be covered with such a mass of
rubbish, timbers, rocks and sand as
would preclude the faintest hope of the
recovery Of a single body" The cure
of great evils demands great sacrifices,
and even if it be necessary that all Reno
should be destroyed in order to drown
the wretched old heather of the Crescent
We are for cutting loose that dam-the
only objection being that the bloody old
pirate ain I worth a dam.