The Republican journal. [volume] (Belfast, Me.) 1829-current, 1874-04-23
The Currency Bill.

The Currency Bill.
At the date OF this writing the action ct
the President upon the currency bill is
-till uncertain. if that word expresses the
public feeling in regard to the matter,
when 50 strong Il belief is felt that it will
receive his official sanction. His recent
reception of committees from Boston and
New York was OF such a character, so
unfolding and logged, that the members
felt that there was 10 hope. At the same
time leader, near the executive, Logan.
Ferry, Carpenter, and Butler, were in
sOlpnt in their treatment of those who had
the claim 10 he received as gentlemen.
II ANYTHING hitherto in the declarations
of the President have won confidence and
respect it has been his often repeated and
strongly expressed dissent from currency
imitation, and his declarations in favor of
a speedy return TO 4 specie basis.
On The 4th Of December, 1870, Presi-
dent Grant insisted that congress should
look to 4 policy which would place our
currency at par with gold at no distant
day" The next wear he REQUIRED in terms
no less pointed to the same subject, urging
that the condition of the currency ''tost-
cred a spirit of gambling prejndcial alike
to national morals and the national tinan-
cea, and that the ''yalue Of the currency
should be made constantly and uniformly
to approach par with specie" On the
81 Of December. 1872 he declared it to
be a solemn duty to provide a national
currency ~ soon as possible, convertible
into gold at par" After his Reelection, in
his inaugural address on the 4th OF March,
1873, he declared that ''his efforts i'll the
future would be directed to the restora-
ton OF our currency TO a fixed value as
compared with the worlds standard OF
'.sT..> ,-,"a.aJ, .....t r. I.~,. IA, 20.
value with it," No later than in his last
message to congress on the Sd OF Deem
Der, 1879, he reiterated without abatement
of hi4 positiyences, ana in the same terse
and vigorous style. the same deep convic-
lloH7 dld even ueclaIed ihat we never
can have permanent prosperity until a
specie ba5 is reached
We present some of his expressions
against expansion in connection with their
contexts as follows
From Inaugural Address, March 4, lsty
ON all leading questions aeitating the public
mind ! will always express NV views to CON
Sress ana urge them according to nv Judgment
and when think it advisable will exercise the
constitutional privilege Of interposing a veto to
defeat measures which | oppOse
great debt has been contracted in securing to
us and our postority the Union. The payment
Of this, principal and interest, as well AZ the
return 10 specie basis as soon as it can be ac-
complished without material letriment TO the
debtor class or TO the country Mt large mist he
lroslufH i"r' 70 project me national honor,
| should be paid in gold, unless otherwise ex
"eSSiA S.Ipoi''e'' III tle contract.
ION -'i'sa''s 10 '"s'ess' peeeiioef . 1869
lion, and plot yet efelred to, is that of an ire
uf ';n abe cufrency: IT Is IN eva which hope
a duty, and one Of the highest duties, of govern
illemt 10 secure 10 me citlzens medium of eX-
a return to a specie basis, and no substitute for
now nd reached ., ,b Sno oar, DE- Gomlnemeed
moment consistent with fair regard TO the
recnmm mt "I1 ~ Won Gn''Ss sho so ear
ton as will insure a gradual return to specie
lion in the value of the currency.' ''''' ''''-
From Message to Congress, December C. 1870.
renry are So u rep1 t na u.a huctaang cur
um on gold has fallen so much, it would seem
hat the time has arrived when BY wise and