Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1874-04-17

from thousands in tho West pouring
into Congress asking an increase &
Why are the papers in the West, in
Guiding those whose interests the Sen.
ator from Missourifs supposedte repre-
sent, nearly all speaking ont for an il
crease of currency in some f0rmf Nine
'tenths of all the people outside Of the
money lenders and large merchants
desire and need an increase of the cur
rency. The Senator fMr. Scharz) took
good care not to appeal to his own
State for evidence. He says this cur
rency has exerted q "pernicious influ-
ence" for the past eleven years. Has
he been taking . Rip Van Wrinkle sleep
during that time, that he has failed to
mark our progress and prosperity Is
the wonderful increase in wealth and
manufactured products of Missouri one
of the .pernicious Influences he SO
much deplores and regrets I The man.
ufactured products of St. Louis alone
are four times as much as those Of the
entire State in 1860. The Senator from
Missouri gave an entirely new princi-
pie in political economy-one of his
own invention. He says that the in
crease in business, wealth and popula,
ton does not require corresponding
increase ip currency. This is certainly
his Qwn isInrt:nn n'.l1 +1.n Who'll" "rnhit
He arg led that there was q remark
able similarity between the arguments
and illustrations Of the Senator from
Missouri and those of eastern capital.
lists. He referred to the quotation from
Marco Polo made by the Senator (Mr.
Schurz), and said that no similarity ex-
listed between the money there referred
to and our money. He said that the
arguments and sOphisms of the Sena-
tor from Missouri might be considered
simply as attempts to amuse, if it were
not for the grand scheme which ap-
pears to lie at the bottom of this on
slauglt upon greenbacks and Outcry
for specie payments. Every plan they
offer embraces the plan of retiring
greenbacks which do not bear interest,
and substituting interest bearing
bonds, payable in gold, without the
power Of reconversion into greenbacks,
SO as keep them il circulation, thereby
imposing upon The necks OF the people
an additional burden of 100000, 600
per annum and for what purpose, and
for whose benefits To enable the East
ern mOney-hOlders to have a sure place
to loan their surplus funds, and ut the
same time to get additional interest
upon these bonds. They seem to want
some way to drafR the Treasury Of it's
gold, and thus leave the whole none
tary power of the Government in their
hands and at the mercy Of the Eastern
money holders. Is it any wonder, then,
that the West and South, who under
stand this thing, should look upon it
as movement to strengthen and per-
petuate the money monopoly which
the present legal restriction gives to
the Easti It may not surprise MS that
an Eastern Senator should advocate
this policy, but what are we to think
when we see Western Senators in the
very front of this movement is the
present movement among farmers, me-
chanics and wOrkingmen without sig
nificance1 Are we so silly as to sup
pose they will see their wages reduced
to mere pittance without q severe
struggled IF there are labor strikes
and q stoppage of business now, what
may we expect if we undertake to de-
crease the currency SO that wages win
not purchase bread3 He said we had
no more money during the time when
the whole South was shut out from it's
use than we have now, and yet a less
must supply the wants of the
whole country, with II 600, 900 more Of
people to be furnished with circulat-
ing medium, to say nothing of the fact
that !, OOO, 600 people formerly slaves
are now free, and must be supplied
with q medium of exchange.