Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-06-10
The Currency Question.

The compromise currency bill submit
ted Yesterday by the conference committee Is
signed by Messrs- Morton, Merrimon, and
Sherman, managers or the conference on the
Part Of the Senate, and by Messrs. Maynard, of
Tennessee, and FArwell, OF Illinois, on the part
Ct the House of Representatives, IL is not
signed by Hester CIymer, OF Pennsylvania, the
remaining member VI the conference com
nittee.
There seems to he fair prospect or Its ATOP
ton, but its friends are not sanguine that the
President will sign it. IL provides for free
banking, abolition OF reserves on circulation,
except I've per cent. 10 be kept at the treasury,
retirement Of greenbacks At the rate Oh 81
pr csnt- Of the amount Of new national bank
notes issued, and redemption In gold or 20 per
cent. bonds January l, 1875 The concluding
section declares thai nothing IN the act .'shaII
lie construed to authorize any increase in the
public debt OF the United States" The fact,
hSwever, that the iniItionists accept Il As q
compromise shOEs that they consider IL a con-
ctssiOn to their views 10 q considerable extent
Tie Cincinnati Gazette. republican, referring
to this project, and TO the blunder Of the Chase
war financial measure. BY which the currency
vas 20 unnecessarily Undated, even after the
war was over, Gays:
"The trt6tiOnists in Congress propose to adj
20 this bluBGer by retiring the greenbacks UPON
CCECltOn OF mere iSing the issue OF bank
at the rate OF one greenbtck dollar for bet Fsen
two and three bank dollars. By what process
OF reasoning they can make ont that 10 l. for the
interest OF the country TO authorize capitalists
To issue their iTredeemable NOTES a. money
when we already have near SOp 900 OlO sf incon =
vertible paper, which Is at heavy discount or
TO convert greenbseks into interest bonds In
CTGer hSf priv ate persons may hll up he cir
cnlAticr b. their own notes, Is 70 all man of
common sense n mystery. Men at distance
from the capital look upon Congress a. lsboring
n. = m n -
sTe anxious for its adjournment, that ii may
have chance to recover It's senses"
OUR Ew MILITARY SEAT on GOVERNMENT
Discussing the proposed removal of the Head
quarters Of the army Of the United States to st.
Louis, the Cincinnati Commercial dismisses the
osteDsible reasons as unsound, and adds:
LAS for the suggestion that q military head
quarters should be established sOmev here near
the geographical center of the country, there are
two answers, either of which is suficiently con-
elusive en- that point. In the first place, no
country has ever fOnnd IL necessary 10 have its
military hesdq uaTters, any more than its poiti-
cal, at The geographical center of it, territory.
Nearly sl national seats Of government, as Is
well known, including our own, are remote from
tLe center OF their respective countries. Nor is
St Louis actually geographical center any
more thar il II center OF population. And in
tie second place, whatever arguments have any
force Al AZ IN favor or removing the military
government TO the center of the country apply
stlll more strongly for the removal of the civil
government, with all its departments bureaus,
and Offices, TO some point on or near the Missis-
eli ii river. This last idea, which was q few
years ago made 20 prominent by a few theOretic
sgltstOrs, and a few practical spscuIstOrs seems
tG have completely died out The public mind
OF the country has not been, and probably never
will be, els mOred of such an idea "a putting orr
rational capitol on wheels, 10 be moved hither
and thither, a. the changes OF territory or popu-
Iaron may Indicate The sacriHce OF the mill
HOHs already expended IN the magnificent pub-
lie buiid!pgs AZ Washington IL one Of the least of
tie Arguments which make against this visionary
project"