, 1874-12-21

,nay reasonably hope TINT long before the ex-
piration Of the intervening term Of fot1r yoara
wo will have specie payments restored III fact
Tho only excuse for tlo1ay i'll resumption IL
10 give limo for MI arrangement Of Tho exist.
ing relations Of dobtoy and creditor without
oppression on tlo ono hault or reputation
on tho other. III thcsu arrangements alo
! mado from time to time, tho business Of tho
fuluro will ho bascd urpn tho now order Of
things. Onco tho day Of resumption il fixed,
aud nlcn know that aftor TINT t1ato dobts aro
10 bo pnid 1T coin, md that purcllaaos aro to
10 ma.1e ut coin valuca tlscra will bo n
] general preparation for tho changc Tho Legal
Iu1,tlcr aot u,ny not bo rgpeElcd, but legal
| tenders will then BECOME equivalent to coin.
Debtors a,,l creditors, thus warned in nd-
yanco, will hasten as speedily as possible to
! put .I,oir aaail; il proper owler, that, aftar
| That date, they may entcrupon Tho now tiao OF
| national aud individual prosperity, aud par-
ticipntc in The wealth Of rencwednul increased
| production, which will follow the restoration
Of confidence.
The passage Of this bill will hnvo tho effect
| Of Strengthening public credit ut homo mud
abroatl. 1t will i,npart confidence; 1t will
offer capital tho security which is now want
| ing; and It will have tho Immediate effect OF
olling stability to tho value Of grecnbacks,
by Siyiug 10 tiaorl, whit they hayo never Ind,
| q certain insurance Of u1timnte redemption.
| Il is not unreasonable to expect Tint even
within ycnr gseonbacla will l.avo so fur nd
yanccd in yaluo as to remove all motive for
boarding silver coin.
Tho silver dollar il worth about 95 or 90
per cent Of gold. When, therefore, groen-
backs advance to 9f por cent, silver ehnngo
| will circulate, and WHOM tic notes reach 10
silver will nunt freely. This Senate bill will
ront1cr more cnsy the retirement Of tho dirty,
disaracef,l, mutlnted, mud scnndalo11s }ittlo
shinplastcrs chilled fractional currency"
which ought to hnvo disappeared many years
ago. Half generation Of ciG2cns hnyo grown
up III this country who ara tufsnlilinr will tito
| silver coinage. When they laro Ind their
eyes fcastel with th;a clccu, bright money,
with n clear, musical RUG, aud nre no mora
offended with the pestileutial fractional stuff,
they will naturally begin to long for Tho
t1ny when yellow coin will bo obtainable for
their s,rcenbacl:s md bcnk notes. There aro
details in this bill whiel, 1nny requiro COM
n,cnt hereafter, hut its general features, rs
reported ny telegraph, arc Aos1 eon'n'enoe"
Ele. Let tho bill pass,~-lmpfoVets II l'o9slhe,
hut let it,-cmbotlyiug tho feat1lroa 'Yo laTo
described, cud become e lnw. Let tho people
know that tho Republican party has Il policy
on this subject, TINT it is committed to sons
policy, md tho Democrats mist either acqu'-
esce in this policy or propose something bet
ter OF their own. I1loy are not AGely, III thc
faco Of tho distinctly avowoa policy OF inc
Republicans, 10 assume tho other attitude OF
imitation, rcpudiation, nntl national disiaon
esty. Il they TO, they will su4es The con5c
ancnce3 at Tho bGa'ot-bos.
--..::':'*:'s* ....
~oE 6coTT's E!IG-ca2 NEUTRALITY-SUSPICIOUS. Il
The st. Louis Rcpa1l;Mn has FIJI eaitoria
nrticle advocating Ton ScoTT's rasd upon Con
gress for tho Texas, Arizona IL pacitio Eall
road, which rcats very much like the artie.1
VIC used to SEQ i'll the Independent e.tl othe1
pious papers III favor Of JAY CooEE's North
ern Pacific wild-ca. road. Tho only differ
ence is, tl1at tho latter were inercona:y pro
0 tluctions, while The Republican is inspired b,
J puro local patriotism, and IN novcr'Teenlng de
siro that st. Louis shall increase her com
mcrco attic expense OF The National Treas
t ury. It evidently bclieTes TINT all thet !
i. necessary to this end il, thet ToH SCOTT,
: Southern Pacific lsui!roaa shall be constructed
! and therefore it joins in general fer
0 vor OF enthusiasm over tho wealth
}, Texas, New Moxico, and Aflzona, whic
/ does credit to ita falti and Imagination If no
= TO its knowledge. 1t hso calls InE Tn1puS
l. severely to task because, as it alleges, wo ol
! pose the construction at the expense Of til
# Government, Of Tho Texas & Pacific Nailron
It mud tho Atlantic Il Pacific l:aisroaa, wlAe
O will unite st. Louis md san Diego on til
It Pacific coast. Now tue fact is Tint tho II
Is publican {.lnintoi,tionnly, no doubt 1nisstate
II our position in this matter. Wo are pe-feet'
II willing that Southern Pacific Railroad aha
IT bo built, if st. Louis, tho lnein party IN j,
II terest, will 90 to work a1ll build it, We q,
fhof ~ u1tn1f b,>iIf