, 1874-04-11
THE PRESS ON INITIATION.

81 co., ,00o bill is "a stop toward rep,diatioa.0 So
-reruation IN It's broadcast peusc, not only
Of the Radical tlnkera.-Bdl!.nore Gazsste,
Congressman Hawloy, Of this city, voted to
dilute currency and thus voted for repudiation.
Thoro's a good deal Of difference botwoon those
and statesman; the Illinois one is o domagoguo
aud anything but statesman.-Rock Island
(lN.) argus.
Tho Republican party has at 1ast found
policy. It oonasats in creating fictitious money.
values by tho proccaa Of Watering stock. We
arc impovorfHhed with only $3.50 100000 Of
groenbacks; with S400 100000 1t iB expected tie
crops will move and we shall begin to live. To
this we eau add from timo to time as tho po]iti.
col aituatton may requiro.-qaIena (In,) indus
t'>ial Press.
Tho greatest curse Of the land to-day ia the
shameful manner in which Congress is triling
with tho auancea OF tho oountry.-Ford County
(IA.) Journal
Tho increase adds nothing to The gold palue:
There may bo moro greenbacks, but tho real
value they represent will remain tho same, and
no bonotit thorofrom will result to tho poople.
Tho increase will stimulate speculation and OK
trayaganco. eyi1a from which the country ia now
sutfering, and which should be guarded against
in tho futuro.-Ketcanee (IN.) Independent
-We do not blamo Democratic Congressman
that tho Legal-Tondor not Of 1862 was passed but
wo do blamo those who voted In 1874 to incroase
the amount issued. Tho Supreme Court has
proper aB war-measuro. but that decision in no
way justilies tho Issue Of $440O0,000 Of legal.
tondor paper in time Of peaco.-Illinois &{ata
Register.
1t was Infamous clustering that drove Con-
gross in 1909 to consent to tho Senate amond-
ment to tho bill by which dutioa on imports aud
and l., tue interest or or Government bonds we're
made p9ya5o Y a g1d Theh tho labor Of tho
discount OF 10 to IL por cont against tho mouey
the Government oompels them to tako for thoir
labor. r.-Sale'n (M.) Aduocate.
oona5y my nov be av
and uncertain Values All otforta TO srcl,ro oyon
q recognition of tho necessity OF ro,noto return
to apooie wero voted down. Senator Morton
wanted tho currency loft SO that tho 6ecrotary OF
the Treasury could mako new issue when do.
sirable to spooulators.-Fort TKayw (Ind.),
Sentinel.
To-day, Mr. Morton donios that to be true,
which i've yeaEs ngo ho 30 foreby asserted re-
no such rocklosa man. has over Aad 1t in his
power to mold tho financial policy Of tho United
Btates.-SoAM Bend (Ind) Union.
Sen: oobun got q to make hia speech,
to say that ho has been q consistent inhationjst.
Unlike Senator Morton, le has stuck to one thing
ever since he began talking about finances, but
hiB arguments arc mono the less fallaciouB aud
oiea. Ho calls logal-tonders 1.-THE lifc-blood of
the nation, in war ard pence" He said with
them wages had risen 90 per cont. It was tho
poor mans ouroncy." .,,.. Yes, 1t has
It has made him poorer than lo waB, and 1t will
keep him po0r.-(Adianapo{is Nelos
-EyoEy fraudulent measure in Congress which,
inaatcs the volume Of irredoomablo paper pro,n-
Of 1ifo for every poor worklngman, while atinu-
lating speculation in unsubstantinl projects that
add nothing to tho wealth or prosperity Ct tho
country.-1tgonte,' (lnt) Banner.
debaso greonbacks, and, ii it il not tlebasoiu1ont
to Issue moro FreenbaelB or Natioual-Dank cur
renoy. we would bo pleased to know what it is .
Il Congress- would simply let tho question OF
finances rest, aud lot the law Of supply md de-
mand regulate 1t, as 1t must, q healthier tono
would be at once porceptiblo III all business cir
clcs, and much noaror solution Of our financial
difficulties would be arrived at without further.
delay:-Loganspor! (lnd.) Pharos.
IL Congress las q right To authorize tho
issue of 81, ,000, 900, it llas right to print ten
thousand times that sun. Tllore il no limit to
It's power in that direction il the constitutional
barriers aro onco broken decentralization lYls.)
Democrat.
lis 1t tho "manifeat docroo of popular opin~
ion" in this country that, while eyory other p.a
ton on tue taco OF the earth, with any pre- ,tou-
aions to common sonHo md common r.onor,
struggles back to resumption Of spo,ie pay.
mont when 1t has boon abandoned as ar.ooosaty.
wo shall continue to atrugglo away from guob
rosumption7 II, JUDGED, tlia be SO, tleu nav
VIC oxpect that, when tntroaHed prices nttl
unduly expanded businosa have absorhoi
this increase Of irrodeomnble pnpor currency.
the manifest decrco Of popular opinion :" viii
demand repetition OF the same policy, aud it
will go on until the nation's promises to INV can
mover bo redeemed, and "roputliation :" win Io
stamped upon our hlHtory.-dftloaukeo Wlscou-
sin.
by its action Congress asserts tint instead of
decreasing wa must increase tho youmn ~ lin
currenoy-in word, that the Legislative depart-
mont Of tae dovernmont and both political
parties anali stand dialonored in tho violation OF
ropular confldenoo to DO slattered7 And thou p
When majority in Republican Congress-
puts itself on record rs holding that any part Of
tue national purity plstform III not binding, nor
oyon tho moro solemn rlodgos OF tito Qoyorn-
mont, 1t need not bo uurprived it the bonds Of
Detroit 10st.