Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1874-12-11

RESJNPTION.-Th most tanCibfau 7
we have yet seen presented FOR publion-
sideration which makes resumptionr8si-
ble without Subiecling the business ter
csts Of thg country to common ruin The
following written by representations
ing man Ia the Phila ieiphia IngirCMen
who earn their bread by thc sweat cheir
bro"s DO not neglect to cullivat.hcir
minds, nor think for themselves VIII pro-
blcms are most correct to advancellied
economy on which their prosper de-
pcnds. The iagaiTer says:
We present this workingman's le,tpre-
ciscly ~ it Was written, and submit hplan
Of resumption rather to invite discsion
of its merits than 10 urge its adnptio If
anybody has a better plan we shall Fglad
! to see and publish it:
ED. PHUADA. INQUIRER :-Yo ar-
ticle in this mornings contained sdrue
an exposition of the terrible s9onseq!necs
that would follow upon a sndden cdrac-
tion OF the already far too small volna oi
currency that it led me to wonder wg vou
had not also suggested 4 plan Of reiming
specie payments without contraCtn. Ii
would be a very simple matter for Cncrcss
To do, and the party that origina,s and
carries the measure viii win in te fight
for Presidenttwo years hence. It's ot 1T all
necessary TO take up the greenhcks to
bring them equal TO gold. 1t is olv con-
iidence that is wanted, and in 1rdinary
banks the proportion Of one dollar in gold
to four of bills was considered sat before
the waI. Instead Of contracting ct Con-
gress issue 800 millions more Of gr2enbacks,
differing from those now in use in being
dated payable on .i"nonJ IN -oid That
is, let there be four dates one quarter or
- millions to be payable in 1876, January
or after: on-quarter or - millions paya-
bic in 1871, January or after one quar-
ter or - millions payable in 1873, January
or after; onc-quarter or 80 millions pay
able in 1879, January or after, and the
present grcenbacb 10 be payable in gold,
on demand, in 1850, on January l or any
time thereafter.
There would be large amount of the
first batch Of $40, 600, 600, perhaps two third
(a}, possibly all, presented as soon as the
lst Of January, 1876. But let the Trca-
surer pay all demands. II wouid throw
$50, ,O30, ,0u0 of gold on the market az once,
and the men that had it would be glad to
get it back out OF their hands and take The
notes. rs being easier handled and equally
good as gold, so there would be no difficult
ty the next year in meeting the next quar-
ter, and so Of the third I'D and fourth 9TH
years, and 10y that time, when people found
the bills were really payable on demand in
gold there would be small demand for gold,
only what was needed for actual use, and
SO there would be no difficulty IL paying
gold for all the greenbacks that would y
presented ia 1880.
We workinsmen hold Congress rcspousi.
ble for these hard times, as they could have
prevented it, and as they did not, we made
tidal wave, = as the newspapers cal! it,
and if Congress does not now iegislate st
as to give Us more currency, we will turn
them out and try again. We have had
greeDbacks eight years and had good times
we have seen contraction tried two years
and it has already sacrificed more labor
than would have paid for the 500, ,000,S0f
if every dollar had been lost after using
In other words, the stop?2ge Of work ha:
given TO 100000 men only half time o.
half wages for a year and one-half
and that at rough estimate, would be {
loss to the country Of $500 per man, anC
that makes 100000, 600 lost in labor un
performed that would have been done i
there had been crecnbacks issued two year:
ago. We want no more contraction tha
works like that.
Yours truly, j. VI. VI.
CAMDEN, y. j., Dec ,, 1874.