Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1874-11-24
Spirit Of yefferson.
CharlestOWn, Jefferson County, West Va.
s!TUESDAr MORNING. NOVEMBER n, 1874.
SCARCELY ANY CALLS FOB CUR
RENCY IN TIE WEST,


"The Controller of the Currency continues
to receive mure currency from banks surren>
dering their circulation than is called for BY
those wishing to establish new banks Of
late there has been scarcely no calls whatever
for currency from the West, and the Control>
ler does not believe it will become necessary
to make requisition on the East to supply
the demands of the West for at least year
to come. e."-7elegrdmf iron, Washington
The gold worshipers are scattering this
news all over the country, and their object is
to create the impression that there is already
more currency afiuat than the business of the
country needs But the real fact is, that the
currency is too highpriced. No business class
can afford to use it at the present rate. which
consumes all the profits and entails the loss of
both capital and labor. Farmers. mechanics
aud other producers of wealth do not there's
fore borrow, because they cannot, after paying
interest. clear their teeth The consequence
is general stagnation of industry-which will
continue until there is change, and people
can get currency cheap enough to make their
operations remunerative.
1t may be, as we have already stated, that
nothing will content the worshpe1s of the
Golden Calf but another trial of their vauuted
nOstrum. No man of sense can doubt what
will be the result: Specie payments resumed;
then expansion, and then alternate contraction
and expansion, followed by ceaseless strug-
gle to keep specie and paper at par-One dOl>
lar OF gold to be equal to four in paper hut
ct the first disturbance and loss of confidence.
there is rush for the redemption Of the four
paper dollars by the OF specie the abb
surdity aud fraud are made manifest, the i'm.
possibility cannot be effected, the banks. after
bankruptng individuals and communities. sus
pend, and then we enter upon an era of ir>
redecnIable paper money, by aud through
which the Frustrated industry of the country
is to be revived aud its prosperity restorcd.-
Then will begin again the same clamor by the
same selfish aud interested parties, for another
resumption and return to ''honeSt money!"
by which they may again swinde thu pro-
ducing classes. This has been the process
again and again-auu will continue to the end
of time, unless the mass of mankind. the toll
ing millions. assert their rights end deliver
themselves for good and all from the meshos
Of these financial spiders.
For self>deience against these periodical
and systematic raids by the gold ring-tke
producing classes-the farmers the mechanics.
the minets-,hc only creators Of values, must
have concert and combination To that end,
|hIJ upUu lew OiNLlNCt aUu
simple measures, Which will go to the root Of
the evil Among these, none is more im~
portant than radical reform in the currency,
by which the Government shall be made 10
supply the community with currency ade>
quate TO its industrial needs at low figure
There can be no cheaper and better currency
than Government Treasury nute 4 Trea-
sury note is the rlutua pledge Of al! to each
1t is good while the Government is good. and
is worth preserving 1t is good while the
people themselves are capable of taking care
Of themselves ft to he be cared for by
others. "Whatcvcr the Government re ccives
and treats as money, is money" said Mr..
Calhoun, and it is trLism. An act of Con-
grsss gave gold coin its present value. An
act of Congress can irnpart the same pOten-
tiality to piece of paper. 1t can say that a
Treasury note shall he receivable Cor all pub,
lie dues and be legal tender for all private
debts. and that nothing else-not even gold
shall possess the same privilege. An act TO
that effect would give the pas to paper over
gold, aud make it the one thing desirable in
all American TRANSACTIONS
An act of this kind would have double
effect. by stripping gold of its charm and
reducing it to its real value. it would at the
same time enable the Government to crafty
the gold worshipers, and solve the troubic-
some problem of paying tho national debt in
specie. Rich. Wig, Oct. 30.
The FECUNDErY OF FIsuEs-I. is said
that probably about 60 900 900 or 10 GOO 900
Goldfish are taken from the sea annually around
the shores of Newfoundland .But even that
quantity seems small when we consider that
the cod yields something like 500, ,OG5epes
each season. and that 5000 900 have sbeeis
found in the roe of single cod ! Other o..
though not equsling the cod, are wonsetfuii5
productive. A herring six "r seyeafp6naiis
in weight is provided with 10000 oEa: Az
ter making all reasonable aIlowanse ses fori tfSe
destruction of the eggs and. Of the young It
has been calculated that in three wears sim
Gle pair of herring would produce ! 55 900 OGO
Buffor said that if pair of herring were left
to breed and multiply undisturbcd Tor period
of twenty years. they would yield fish bulk
equsl to the globe on which we live The
cod tar surpasses the herring in fecundi,y.-
Were it not that vast numbers of the eggs are
destroyed fish would multiply as to fill the
waters completely Scientific american