Delaware Republican. (Wilmington, Del.) 1843-1874, 1874-06-11

oil tile ErsaB Gpehf"y'
INN CT RRENCY.-Some persons appear u
,s,ard our currency as the cause OF the depres'
non os trade. and look forward to the resuinp
lion of specie payment as the best me'noa "a
restoring copfdenes aud leading to revival 0,
business. According 70 many speakers An'
writer's paper money Ii curse fs''F' '"A-
eiss,ing. They entirely isGore all the saYan'
tssss resulting from Il. Our country mas ~
yanc,d In pre- rapidly In material prosperity I'M
In the mas, tan year, than 10 any other oecaae
S,ncs liz formation. More miles OF rahroaas
have been CONSTRUCTED, pore mines DEVELOPER
more land cleared, and more fortunes "iAuo
han within any similar period In our aophuy
history. The Ia borsr, the mechanic ana at''s~"
have ais, pro, pered beyond precedent opr
n,per money has not robbed them OF the iruhs
of their earnings. A greater NUMBER U, '''e''
classes now own homes than ever did oeiore'-
MANY of them have become comparatively wear
thv through honest toll and frugal haSlts, snow
inc plainly that the character Of the currency mas
not retarded prosperity. It Is not goio Vi snso''
but employment that The people want na.
money been more readily obtained tnerS "ou'u
have been still more improvement. Inc ra'e ~
Interest has been and continues 10 be 100 high'
Money cannot be secured on bond and mort
gage without the payment OF bonus fangms
from five to ten per cent. and greater rate oil
interest than the agrcuhurist can pay u
plan can be devised to give the people money
at a low rate of interest industry and improve
ment will be promoted. II tile aoVerhheh'
could nay of every bond held In this country ny
an issue Of "greenbacks" there would De sncn
revival In trade as would astonish the world
IA we cannot hope for such payment, the next
osst thing would be the receivai oil paper money
tor duties. This would lead TO the circulation
of gold and SILVER among The people so long ~
the balance of tfsde continued ~ favor Of our
country. In order to setain this baiabes busi-
ness could be done on gold bssis, the same as
1t is In California and Nebraska, and the paper
merely be taken, at It's actual worth. BY PUT
ring on tariff or tax enough "greenbacks," can
be made equal 10 gold, provided they are recelV-
ed in payment Of duties. This isproyed BY the
..aoli notes" issued sometime ago. They were
of no more real value than any other notes ex.
cent that they were taken at the Custom House
chat clause gave them additional credit and that
alone, No paper money can remain at par that
Is not taken for every claim. The notes OF tne
bank of England would he at a discount very
soon n Parliament shoald enact that all taxes
should be paid In gold, particularly II TINS golo
should be boarded until some thousand n'illions
Of dollars were locked up and withdrawn rom
circulation. TIE way to raise the price Of any
thing is to create demand for 1t, and this onr
Congress has done. A better way TO deprcciate
paper money than to exclude u from tue pay
ment of all taxes could not be devised " the
States and cities could follow the example Of
che government the paper dollar would be lite
better than waste payer. binder piece Of
folly was never perpsxated than the making o.
duties payable In gold, and the men who voted
for such regulation cost the people Of this coun
Try many hundred millions Of dollars. : !.