davidaulloa/AmericanStories huggingface dataset:
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
PUBLIC LEDGER.
once: No. IL Madison Street.
LARGEST CITY CIRCULATION.
THE CITY.
MI n; M H HIS;
Monday Evening. Feb. o, 1874.
The Arrest OF McCarty.


In this mornings Appeal Sheriff
Ozanne, of Pamela county, Miss, comes
out in card explaining the dispatches
which were transmitted over the wires to
Goolsby, the captor of McCarty, which
dispatches did not show the little Sheriff
up in an enviable light. The following
dispatch published in the Appeal of Sat
urday last and received by Superintend-
ent Flynn, of the Louisville road, has
not as yet been explained. We publish
the Appeals report of Mr.. Goolsby's
statement:
While in the Office of Mr.. Flynn, this
gentleman handed me the following tele-
gram, which he had just received;
SARDIs. MISS, February 6, 1874.
Superintendent Flynn:
What is the rewards for John McCarty,
that burned your shops2 He is in neigh
borhood. Answer quick.
Paid ! j. T. GooLsBY.
/ was surprised to read this telegram,
which is forgery. At the time of its
date was over twenty miles from Sar-
dis, and know nothing about it. / did
not authorize any one to send this or
any other dispatch. / left Sardis at
daylight, and had nothing whatever to
do with the telegram. Iso informed Mr..
Flynn, whom told it was a forgery. He
then gave me copy of the forged mes
sage.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
GRNERAL MARKET.

The following quotations are for small or
ders or jobbing rates:
APPLES-s4 5O@6 80 " Dbl.
BACON-Clear, sides, 7A@8c; clear rib sides
7IS@Tszc: shoulders, 61S965zc; hams, uncan-
vased. .1211z@lSc; breakfast bacon. 101z@llc.
BOCKWHEAT fLOUR-In stere. So 90 per
BRAN-sl O5@l 10 a cwt.
BUTTER-Medium. S930c; choice. 3S@40c
" BAGGING-145<@l51Sc y lib.
BEANS-Navy, 81 1902 IS "A Dbl.
CHICKENS-s OO94 50. dressed. lOc q lb.
as TO quality.
COAL 0ii.-17@2Oc y gallon.
CABBAGES-SB crate. IS OO96 90; v 100,
CoRN-In store, 76@sOo v bushel.
CHEESE-Eactory. 14129l51Sc.
OTT0N-SEED-S8 n ton crude oil, 1898.
C0RN.MEAL-s3 5093 60 v Dbl.
COFREE-Rie. 24928c D Id.
EGGS-l4@l6c u dozen.
FLOUR-Super and extra, So 0097 SO; fam
lily and fancy brands. 81 COOS 30 y Dbl; infe-
HAYg6hSice. s22 Ooes! % . ton; medium.
SIS 0Oq20 90 y ton; 81 35@1 40 . cwt.
HOMINY-S8 barrel, "a 1906 90.
LIME-S1 5091 IS % Dbl.
LARD : Tierces. 91z@s,zc; kegs. 109lO1sc
" MoLAssES- Louisiana, new in barrels, IS
@65c; syups, 65@Soc y gallen.
ONIONS-Mixed. Sc 5097 80 a Dbl.
0ATS-Choice, 5000 p bushel.
P0RK-Bulk clear sides, S,4@9c; clear rib,
S13@S1zc; shoulders, 654g7c; mess. SIG 5O9lT GU
q Dbl.
MISUNDERSTANDING and russets. 50 IS
@3 90 y Dbl.
SUGAR Crushed, powdered and granu-
lated, 1l5<a12c D Id; soft. refined, yellow and
white in Dbl. cyclic; brown and yellow. in
89l0e.
SALT-s2 3043 50 o Dbl.
TIES-T ID, $1,000.
TWINE-131zg1415c.
TURKEYs-Live, sl29l5 v dozen; dressed.
l2Ql6c a h.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
NEUTRALITY-SUSPICIOUS..

Yesterday the Knights Of Pythias, in
uniform and carrying their beautiful
new banner, escorted the remains oftheir
late brother, H. L. Hester, to the Louis
vile depot and forwarded the body I'M
der charge of "a guard of honor, consist
ing cf Messrs T, s. Jukes, W. II. Moys-
ton and Alex. Hum, to EdgeGeld, where
the deceased resided and was member
of Calanthe lodge. twill be remember
ed that Mr.. Hester died Of yellow fever
here last fall and that his body was Ia
tered By tbe members of this order.
The knights, headed by Q brass band,
presented fine and imposing appear
ance as they marched up Main street to
the Louisville depot, and attracted no
little attention. The knights of Pythi-
as, during TIE late yellow fever epidemic,
covered themselves with glory in aiding
the suffering snd the sfaieted.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
Criminal Court.

To-day Albert Cobb, charged with
larceny, was sentenced to two years i'm
prisonment id the penitentiary.
John Clifford, who was found guilty of
robbery last Saturday evening, will be
sentenced to death on Saturday next,
this being the penalty for house break
ing, robbery, burglary arson and rape
in this State.
Richard Gregory, alias Richard p.
Helth, is on trial this AFTERNOON Tor
larceny.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
FINANCIAL AND COMMERCIAL.
MONEY.
PUBLIC LEDGER 0PYTcE,
,uro Tu.f.f Enkrnaru 1874


MEMPHIs. TENN. February 8. 1874.
Business in financial circles remains
steady, with currency in good supply
and the money market working easy.
The banks exhibit disposition to grant
accommodations to regular customers,
and all frst-class paper offerings freely
taken at l0@l2 u cent. p annum; street
rates continue to rule at l4@2 y cent.
q month. The banks report collections
easy, with an increase of deposits since
the first o. the month. Exchange is
steady and in good supply at the fol-
lowing rates: On New York &c discount,
Boston and Eastern points &c off, New
Orleans &c OFF. Brokers are pay
ing llO@llOf for gold, with little offer
ing. Scrips and city bonds remain firm,'
with fair inquiry for currency at 400
44c, but light transactions. County and
State indebtedness is firm and steady,
with fair demand from Taxpayers.
Arkansas and Mississippi securities are
dull and nominal and not in much re-
quest. Railroad stocks and bonds are
dull. with few transactions in the market.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

It is said that the only really certain
things known are death and the taxes;
but there are few other things, so sure
as to admit Of scarcely the shadow Of
doubt, and among them is the certainty
that there will be full drawing at the
concert of the Public Library Of Ken
lucky, on the 3lst of March. Already
the rush for the remaining tickets is in
full blast, and those who would be GER
tain Of having a chance for the splendid
gifts must apply without further delay.
Apply to A. D. Gibson, 900 Front street,
Memphis.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

Tomorrow at o'clock the Bluff City
Shooting Club will give pigeon. shooting
match at the fernando trotting park.
Prize-a silver cup. Terms-six double
birds, Is yards rise, 100 yards boundary.
In addition to the match lively fox
drag hunt will take place at IL M, and
for which fine pack Of blooded dogs
has been secured.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
Recorder,s Gourt.

To day the Recorder disposed Of thirty
cases. John Roberts, charged with
house breaking; committed without bail.
Johp Foley, house breaking and carry
ing concealed weapons; no bail for the
felony, and 10 the other case fined $50
and bond $4,000. Henry Healy, horse
stealing; no bail. W. Austin, carrying
concealed weapons; fine $50, and bond
$1,000 Geo. Reilly, robbery from the
person at SeaAtobia, Miss; held to
await requisitioa from the Governor Of
Mississippi.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
COTTON.

The market since our last review has
been growing stronger on account of the
falling off of receipts. The tone of the
market to-day was better. In sympathy
with the advices from the East, the fall
ing off of receipts at all ports for the
past week has not only stimulated the
market, but inspired an advance, and
holders, in the face of the estimate Of
the large crop, are firm in their views,
and ask higher rates in anticipation Of
an advance in Liverpool and the East.
The Liverpool market was reported &C.
tive and firm, with an advance of I'd;
middling uplands, I'D; Orleans, S3@8sd.
Sales, $4,000 bales. New York was
quoted firm for spot cottons, with good
demand; middling, Ice, an advance Of
1c. Futures were quiet but firm. New
Orleans was reported active and firm;
middling, l6@l63c. The favorable ad-
vices from other points tended to stimu-
late and improve the market here.
Holders were holding firm and asking
an advance of s@4c, and were not dis
posed to realize, except at full prices.
The large stock on hand and receipts Of
today dampened the feelings of few
factors but, Notwithstanding, the mar
ket was firm and bouyant. Buyers were
active in making inquiries, and in order
to make purchases were forced to con-
cede to holders prices. Several hum
dred bales of low middling were sold at
l43@l5c; middling, l54@l52c, and an
advance of ic since Saturday. AT the
closing of our report the market was
quiet but firm, with an active demand
for bright cottons. A good feeling pre-
vailed, with an anticipation Of further
advance of prices.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
KAHN & FREIBERG,

100, III, IVA Main street, corner
Poplar. French cOFsets at 81 20.
The celebrated werIey corset, from
n late fashionable dry goods house
trimmings at soc piece-fOrmer
cost 81. one pair French kid gloves
given each purchaser of So worth.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
Valentines.

Mr.. VIM. Lieben, the enterprising
newsdealer, keeps at all times full
supply of the leading dailies, weeklies
and monthlies at each of his two places,
1874 and 236 Main street. He has re-
ceiyed I'll the February magazines, and
has complete assortment of comic aud
valentines. l28 7
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

The Bluff City Shooting Club will hold
a meeting at their hall tonight to ar
range for the shooting match tomorrow.
The birds have arrived, and the prize
silver cup can be seen at Byrd's jewelry
store. JOSEPH SPEcHT, JR., Sec'y.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
RRMOYALl REMOVAL

III. G.. HOIIenberg has removed 10
No. 2s4 Main street, tClarl's Marble
Bloot,) where Will be found musical
merchandise Of every descriptions
IS the lowest market rates. III
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

LHARLEsTONs FelTuAI1 . 11l0
6rmer. Middling. 15llc; receipts, 9OoS bales
MOBILE, February {. Cotton is frmer Mid
ding, l51Se-held &c higher; receipts 1856
bales.
GALVESTON. February 9.-Cotton Is firm and
IN fair demand, Middling' l554ei receipts Sli2
bales.
NEv YoRK. February 2. l0:2o a-m.-COtton
opens with q good demand and limited bust
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
EAUN g. FRFIBFRG

ReeeIFed this morning large
line of dry goods from recent bank.
rupt sales, which they have marked
lower than ever. Secure your bar
gains in these goods at I6s, I7I ana
IVA Main street, corner of Poplar.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

WE # VUIuHIy % n 100 V'IHs WITH
opens active and 1rmer. Uplands. I'D; Or
leans. sIeS1Sd.
p.m.-cotton Is firm. Uplands. I'D; Or
leans. S14gS5Sd. Sales, 1900 bales. Of which
5000 were for export and speculation.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

shall Tor one week Out and fit the waists 81 I've
cali with your dress. Coffee RON I. 70 pm.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

Of the Butcher Union, to be given at
the Cochran Hall, Monday, February 9th.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

With q view Of assisting the '.'ii.a ~ ne
making 40 OF the many great b. 4 hieh
they are now. setting IN PIssf % ~ 1
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
TO THE LADIES.

Kahn a FreibeFE have 400 pairs
Ladies' W hfte Aid shoes for Mardi-
GrRs AT 81 pair.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

Tx. roofing and guttering promptly
executed byJ. F. Fischer, % Beal street
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
For Arkansas River.

Memphis and Arkansas River Packet Com
pany-U. S. Mail Line For Pine Blud
Little Rock, and all points through to Fort
Smith.
r. w. .Nowland, master
WILL LEAVE AS ABOVE ON W-z.
w WEDNESDAY, 1lth.inst., at nlsexx
pm. a11a&SH4N
Freights to Pine Bluff and Little Rock, 2jo
per 100 pounds, and 40c per Dbl. for -four
JOHN N. HARDIN, Agent,
13S-l4O Office on Wharfboat, foot Of Court st.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
RIVER INTELLIGENCE.

BOATS LEAVING TO-DAY.
st. Louis. Belle Memphis p. m
Friar's Point, Phil pm
Fulton. Frank Forest. p. IN
New Madrid. West Wind......................5p. IN
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
For Arkansas River.

Regular Memphis and Pine Bluff Independ-
ent Packet-For South Bend, Auburn, New
Gascony, Pine Bluff and all way landings.
BELLE OF TEXAS............ Woodburn, master
I EAVES TUESDAY, THE 10th n1=,
IL inst, at pm. Send freight sils1ntt4
for her to Big Wharfboat. s1l=szlsasA
S. B. MILLER, Agent,
1879 No. 2 Promenade st. foot Jefferson,
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

=. u. WATKINS,
Corner Of Main and GayOsO streets,
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
FOUND.
BOARDING..
WANTED.

xxTANTED-A BOY TO FEED A GORDON
w nress-oae who has had some expert
once. Apply to S. G. TO0F, Is Court st.
137-13S
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

NOR RENT = TWO NICE FURNISHED
II reon,s. with board for mar aga VIE, OF
young mon. Reference required. Apply at
arq do efreet. lf-i
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

, ,--,cr,'1 D VNT-COTTAGE OF FOUR ROOMS
AWnni ~ i, itchen. IS Jones avenue. Apply at
l7s R R,1b St street, corner Jones avenue
1g-142 -----------
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

y OR SALE-MULES. DRAIs, HARNESS
II and licenses, cheap for cash;
T. w. s. ANDERSON,
1sor 7OtS Marshall avenue.
-,oR SA LE-BRICK FOR SALE AS Low
any In the market. Apply 70
. SN OWDEN. OVERTQN q co.
81 26l Second street.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

WANTED SECOND HAND BILLIARD.
w Jenny Lind and Pigeon Hole Tables.
ior "hi'n Gus" j. II. WILLETT,
1a-4 No. 81 Adams st.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

T,0R RFNT-sTOREH0USE NO. 255 MAIN
V street, formerly occupied by A; Harris
Possession giysgpi W %n S% + eIEyMoN&gTiST
ca No. 10 Madison street.
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

Nan pENT-COTTAGEH 0USEC0NTAIN-
II inc 4 e rooms. No. 3g Robson street, also
,, LUZ house, No 40 Robson street, contain
;o,, fonr roo ms Apply at No. 81 Adams
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

VyTANTED-AGENTS-MALE AND FEE
w male, for the best selling article in the
.vapldI The new Medicated Corn File never
causes the feet to bleed will p2t touch the
... ling from IS to S25 per day. Address
'''' N''' INDICATED FILE CO..
uoom IS u. S. Exchange Building, Chicago,
Illinois. 1o0--
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09

NOR RFNT-THEsR00M .NEXT:D0Vh .sO
Liz Anply at Ledger office. VI
Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1874-02-09
FOR RENT.

-,TANTED-VAULTs AND CIsTERNs TO
w clean. j. D. Fox. 80 Union st. oo-I
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1874-01-20
THE FINANCIAL QUESTION:

Congress has fairly entered upon the
consideration and discussion of the tinan-
cial condition of the country, the most inn
portant question of the session. The
struggle is between those who favor IN
convertible paper currency, and those who
desire resumption of specie payments.
Able speeches have been made in the SEN
ate upon both sides. Senator Morton
speaking for the inaationists, and Schurz
and Sherman for return to the gold ba-
sis. Neither party advocates extreme
measures, but the steps Of one tend I'M
erringly to farther increase ofpaper cur
rency, the other to a sound and stable
money basis. Mr.. Morton thinks that the
Northwest and the South demand more
currency, that the business Of the country
requires more than the present quantity.
and points to Italy, Austria and Russia
as examples of the blessings of inconyer-
tible paper. If he had looked nearer
home he might have found an example
more truthfully illustrating the subject,
but not to correspond with his views; we
refer to the Southern Confeder;icy, where
paper money was issued in so great alum
dance during the war that it required q
basketful to buy dinner in the market
If Mr.. Morton will inquire of those who
were obliged to take Confederate SCRIP
for their goods and products in 1864
whether they desire a currency like that
for this country. to which the measures o.
infationists would finally bring US if al
lowed free course, we think he would OBJ
tain negative answer as decided as from
New England. Why look to Russia oil
Italy or Austria. when we have better
example at our own doors? Or if We
must 60 abroad for facts, we had bette
examine those cases in which the expert
nent of inconyertible paper has been ear
ried to its logical result, instead of taking
such as are now in process Of trial will
their operations undeveloped. The as
signats, or paper rubles, of Russia, first is
sued in 1863, are an instance Of the work
ings Of inconvertible paper money. Th'
first issue was forty millions. and for eigh
teen years, the supply not being increased
they were at par with the silver ruble; bu
in 1887 sixty millions more were added t
the amount in circulation, when they imme
diately sunk eight per cent. below silver
In 1911 the amount issued reached tn
sum of five hundred and seventy seye
millions, and then the blessing of an in
convertible and redundant currency wa
seen in its depreciation four hundred pc
cent. as compared with silver
The experience of France with ineor
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1874-01-20
institution separately for the past twenty

institution separately for the past twenty
years.
On motion Of Mr.. MoRRIsoN of Penobscot,
bill an act to amend an act entitled can act
to incorporate the Penobscot Central Railroad
| Company" was taken from the files OF 1919,
and referred to the Committee on Railroads.
The amendment provides that the route
| shall pass through Garland which was omitted
| in the original charter. thereby directing the
route so that in its LOCATION it will not 60
through East Dover
| On motion of Mr. CUTLER of PenobscOt,
Adjourned.
READ AND ASSIGNED An act to incorpor
ate the Bangor Foundry and Machine Compa-
ny.
PASSED To BE ENACTED, Bill an act to
incorporate the Stimson Granite Company.
FINALLY PAssED.-Resolve requiring re-
turns from banks.
PETITIONS, BILLS, &C., PRESENTED AND Re-
FERRED.
BY Mr.. HARMoN-Pet ition of ST. Croix Log
Driving Company for amendments to charter.
Referred to the Committee on Interior Waters.
Also petition of st. Croix and Penobscot Rail
road company for amendment to charter. Re-
ferred to Committee on Railroads. a bill
which accompanies the petition provides for
an increase of the lien on logs and lumber.
House.
MONDAY, Jan. 10.
Prayer by Rev. Mr.. DREW of Augusta.
communication was received from Hon.
George G. Stacy, Secretary of State, trans
hitting the returns of votes for Representa-
tives to the Legislature, for the current polit-
zeal year.
On motion of Mr.. Snow, the same was re-
ferred to the Committee on Elections.
On motion of Mr.. LAWYER,
Ordered, That the Committee on Military
Affairs be instructed to inquire into the expe-
dency of equalizing State bounties, SO that
ihe men enlisted in the first six batteries Of
light artillery, can receive the bounties prom
sed them.
On motion Of Mr.. LEAyIrr,
Ordered, That the Committee on Legal
Affairs be instructed to inquire into the expe'
diency of amending sec. ) OF chap. NC OF the
Revised Statutes, in relation to the fees of
sheriffs and their deputies. Also that the
Committee on Military Affairs be instructed
to inquire into the expediency of selling the
gun-h house situated at East Machias.
On motion of Mr.. TABBUr,
Ordered, That the Committee on Legal
Affairs, be instructed to inquire what
amendment, if any, is necessary in chap. 80
of the Revised Statutes, for the better protec-
ton of moose and deer.
On motion of Mr.. WATSON, the House
Adjourned
PETITIONS, BILLS, &C., PRESENTED, AND Re-
FERRED.
BY Mr.. CHARACTERIZATION Of the selectmen
of Newcastle and Nobleboro', for an act re-
lating to the protection of alewives in Damar-
scotta river. Referred to Committee on Fish
cries.
BY Mr. WENTWORTH of Bucksport-Peti'
ton of A. Colby and 81 others for an act tc
incorporate the Bucksport Water Company.
Referred to the Committee on Interior Waters.
By Mr.. WILDER-Credentials of Peter Sal
more, Representative from the Passamaquod-
dy Indians. Referred TO the Committee on
Indian Affairs.
BY Mr.. CHARACTERIZATION of Daniel Boynton
and 10 others for widening of horse sleds.
Referred to the Committee on Ways ard
Bridges.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1874-01-20
State Temperance Convention.

The people Of Maine, of every religious den .l
and of no organization, who believe in and practice
total abstinence from all Intoxicating drinks, ant
who are in favor of the suppression Of their sale Dy
every laudabie, practicable and effectual measure
are invited to meet in Mass Convention at
Meonian Hall, Augusta. on Wedne day
January Is, 1874,
ut IL O'Clock noon, to adopt such means as they
may Judge best to reform tho inebriate to save the
young from the paths of intemperance, ana u
drive il possible, the traffic from the land. Lei
there be general rally. We need to encourage
each others hearts and strengthen each others
hands In this great work.
The usual reduction of fare on the several rail
roads may be expected.
The Convention will probably continue through
Thursday. :, ,,on,r,,
j. S. KIMBALL,
HENRY TALLMAN,
J.W. MUNGER,
Al. W. STEVENS,
Al. BILLINGS,
Jan. 10, 1874. State Temperance Committee.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1874-01-20

vertible paper is worse than that of Rus
STA. some of its issues becoming utterly
worthless. England, too, has suffered in
like manner, the financial disasters OF wv
and 1926, in that country, being promi-
nent instances of the evil effects of the in
hation of the currency by excessive issues.
| There is bat one result wherever tne
problem of inconvertible paper III large
quantities has been worked out fairly, anu
that is a deprecated currency, depfecia-
ted Just in proportion as the issue Is excess
sjye. unsettling prices, encouraging spec
ulation and knavery, and leading 10 bank
ruptcy, national disgrace, and costly Ell
forts at last to reach a sound foundation.
The speech of Senator Sherman en-
presses sentiments which will meet with
hearty approval. They are such as are
endorsed by all the best authorities on
finance in this and other countries. Even
the West. where it is said imitation is pop
ular, the best thinkers and public organs
agree with Sherman and Schurz. In the
House Mr.. Kelly raises his voice for more
paper, but if that body reflects the popu-
lar feeling and opinion, as we have no
doubt it will before the question of the
finances is settled, it will be found stand
ing firmly with the Senate against imitation
and in favor Of the government redeem
ing its promises in harmony with the seir-
it of the constitution. The policy OF Mr..
Boutwell, in reducing the public debt was
deemed wise while at the same time pa
per was approaching in value TO the gold
standard. but we had better sacrifice that
policy than continue it, or attempt to con-
tinue it, while initiating the currency and
sinking its value as compared with gold.
The credit of the government requires
that its bills as well as its bonds should be
paved according to agreement. and the
necessities of business urge that the cur
rency be placed on a basis that will not
change with every wind from Europe.
making transactions unsafe. and fostering
wild speculation. In our present circum-
stances great prudence is required in the
management of the finances, but the last
thing the government should resort to is
more currency,-indeed it should not re-
sort to initiation at all, for the remedy will
be worse than the disease.