New national era. [volume] (Washington, D.C.) 1870-1874, 1874-02-05
TH Z
Absorbing Questions of the Day.
Forced Specie Payments National and Indl-
vidual Bankruptcy and Pauperism,
SPECIE PAYMENTS THROUGH TIE INDUSTRY OF THE
UNITED STATES WITH PROGRESS
AND PROSPERITY.


The that of finance will lag this nation to
of its exports our imports sufficient to pay he annual
second established fact shown by the census [e%%
progress during of suspension
of specie payments and what called paper imitation ~ ,,
our railroad system spread with marvellous aT s
industry industry encouraged
and sustain ,he by a h a on or "eo in this country
suffering of enforced ilenesa loss to this
n"G %ha ffh s s Of f S
keep ,SSe %ash"sry % % m I %
While " our has been rod@egd eight @ os
amount co., kept from circulation as reserve leaving
This contraction constantly prosresns while at the
s %e p en as en mo an more means sSchnsc in
the shape of currency must in the nature Of thns eliminate in
stani-sI, united wisdom searching to find out, if
banking money lending favor the issue of
nterespayng bonds to sell to Europe in hopes by this means t"
experiment tried the farther should be
The only possible mode by WHICH this country reach
T e TO or SeoW &
ard and then export manufactures to Europe Is Congress
bssys they will Be We'll also FSs million Of Sef
country for mo- American army will ever suy Itself by adding
the misery and s"Sngs of nsr ormose sa p oo m ~
cost Of their Unsuitable greed Shs and partly organized
sOlicnle for a solution Of their present difficulties
cial troubles purpose if possible to induce Congress to withdraw
large part the remaining currency thus leaving the whole country
American a labor down to the foreign standard
This be done and should not be if could Have not
I ne Sc eCc SF and elevate iS
greed the onopozed money lenders Of the country: The reply
Your bondoder and Importer, Will ask Are to
remedy adopted and without ctmcnt any
square about and take just the opposite
e sn5 is go w the public works the
ns 3 1 or oo millions ,n of eonvaDe bonds to give
~ to invest them increase tariff on imports from foreign
an the Secretary treasury to add to- such duties
gnels shall be less than our expo and the av that this
system put full operation and is known to be the policy the
liable as gold for the simple reason that the demand for gold to
poy Whoe be- met H with G GsS t opposition and
abuse om all selfish from every foreigner out of this
m nan me s s s wG Wns 5 to serve Them BIZ" tn, other
in active Wa . and profitable roaaaG opsraon
sreses and we shall avoid the threatening caamtes that
As our domestic financial troubles all originate in lack Of money
is at an end As all the difficulties way specie resumption
put the knife deep no the nc and e ag pa hsa b
h an higher res until our exports fairly exceed all annual
and the the country upon that
probable members Of congress 1' can fully APP
e,1e the sad ada and dssoae condition of most of manufacturing
aze from his own experience the difficulties that
men, with their dependent families and the
ana they coad b e a q" n "r 5s %on m pay
country so depressed that there safe market products
are to protect and perpetuate this Government their children
beings give them wok and pav and thew will
bear with patience all the other ills M bless the land that
of broken faith and base ngauo haunt the authors of
You and neglect evae the great repopsi
oy OF this vital question must be settled ghosts
VIII soon force the most indifferent realizing import
Furnishing somacs shivcring limbs are not the highest grade
OF educators in financial morals while such seldom improves
onary fathers said this was established on the PRINCIPLES
OIL 5 good to the greatest numbers and
De hoped this Government will forget coner-stones upon
o6earan Sa' 'S nor the 0"n'us teachings of uaIreeite
M The urgency with which appeal prompted by the fact
mat nearly four thousand idle ten thousand Of their
aependen who to rely upon my simple eos to
necessary for their support. anu '''
ExReeneG and common indicates the true remedy for
eenoe currency in this country buy foreign countries
-, Ihe remedy for commercial eness cheap and plentiful ca
that % p 81 WORK ANY system however nnngly devised
fraudulent and operation; and the great
they have destroyed physical slavery the South a a oos hat snie
SSh raee f,s Si h is nnn enrcjng the free
n oi ue present stlgnaton and enes will end in yio7
inc past Two years except the lending money in its various forms
for ten least fifteen pe csn n
nn n'y per cent and upwards while their capital remains
ng l' w6 o Interest now being paid people rapidly trans
bankers No legitimate can be- ae In on an
oa e sg pay half the interest asked for
indulge in "''" no one '" stock broker can afford to
% h asG G fS Ss for the of unusual sec
a are row. the Indication is money is pleny. when & ,t
ot sisa' in t nn9e as IF
excess care e foGy fifteen per cent means
the territory h currency when than half