Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1874-02-28

NE FAvoRs AN INCREASE OF CURRENCY
PROPOSES A PUBLIC MEETING TO RE-
MONsTHATE AGAINST THE VOTES OF
OUR SENATOR'S ON THE QUESTION.

NE FAvoRs AN INCREASE OF CURRENCY
PROPOSES A PUBLIC MEETING TO RE-
MoNsTRATE AGAINST THE VOTES OF
OUR SENATOR'S on THE QUESTION.
Editor Of Stcts Journal FL see by the
reports from Washington that there Is
quite an excitement In relation to the
currency question, caused as follows
With the first change 10 the present
national bank system, the eastern por-
lion Of the United States established
banks on this system and obtained an
undue proportion of the capital before
the Southern States were restored to the
L uiOn, and the great increase In the
West of population aud business has
made II as well as the South short of
money to do business on. And when II
is proposed to equallEe the banking
capital, Pennsy lyauis, New York and
the Eastern States refuse TO act gener-
ously with the West aud South. Then
a new proposition lie brought forward TO
increase forty six millions or up to four
hundred millions in all, and let that in
crease 20 to the States that have not had
their proportion, one of the Pennsyl-
vania senators, Simon Cameron, has
magnanimously led OIL for the measure.
Both of our Senators, Mcssls. Bayard
and salisbury, have opposed the measure,
for what reason God only knows.
The croakiug about specie payments
at the present time Is worse than school
hoy talk. The men who cOunseled the
selling of L. 8. bonds ia Europe helped
to defer specie pay ments, and until people
will econOmize there is no use TO talk Of
resuming specie payments, for the inter
est on our bonds in foreign markets and
the extIavagance Of the people will pre-
vent II and If Congress crushes all busi-
ness down to a specie basis new and
| heavier taxes will have to be laid to meet
/ the interest on our national debt, and
| that, with all business crushed down TO
a specie basis, will cause widespread ruin
/ and disaster all over the country. A fe y
| shylocks would fatten, l will admit, but
are legislators sent to Congress to legis-
| late tor the exclusive interests of these
aforesaid shylocks / was an old jackson
hard money Democrat, which was all
right when those old honest men were at
the helm of the government aud practlsed
economy, hut during this last few years
new state of things has sprung up,
The war introduced extravaganza and
eniailed a heavy debt on the nation, the
interest of which has to be met. l an
talleutu lucIb 10 nuN tubuEu bdhhihE
capital In Delaware, and have been told
by men who went IN TO Washington fol
an increase that they were told that they
were too laie-it had all been let out
Aud now when bill Is up proposing tC
increase the currency forty-six millions
think both Mr.. Bayard and MIR SALISBURY
ought TO have voted for IL; and am il
favor of holding a meeting, without re
spect to party. to ascertain the feeling
of the people on this question as soon a
possible, and notify said Senators so tina
they may vote undeTstandingly on raj
proposition to increase the banking CAPT
ial Of the country, with a view to equaiz
it and as Wilmington is the great busi
ness centre of Delaware It would be prope
to hold said meeting there.
SAMUEL TOWNSEND.
TOWNSEND, Feb. 90, 1874.