The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1875-02-25
RESUMPTION.

We 'ahe IL Tor granted that every BODY
desires to see the time come when coin
WILL once more resume it's place at the
foundation of our financial system. TIL ere
can hardly be two opinions on the subject
Tor the man does not live W no would not
prefer gold and silver to pa per.currency.
We assume it therefore to be an univer-
sally admitted fact, thatthc people with
out distinction Of party are hoping,
wishing, and praying for the return of4he
golden age of democratic rule, W h en- they
can once more hear the music of the chink-
ing specie.
What. then, is the prospect? What
assurance have we that the coveted Gay
Will ever dawn upon the nations More
than ten years have swept over The
changes and revolutions of time since the
last golden eagle took its departure from
circulation as money and became the
subject Of bargain aud sale like other
species of merchandise. More than ten
years since the commercial standard Of
values was dethroned in America, and an
lntrlnsically worthless paper currency
took It's place. During the last five
years OF that period there has been a
great deal Of talk about resumption of
specie payments, but no practical results
have followed this talk. We are no
nearer the end than VIC were before
the QUESTION began to be topic of
discussion.
Gold and silver ara still as flee from
the trade of the people as ever, IF we
need it and must have it, we are COMPEL
cd 10 60 into market with our bank
bills or greenbacks and bny it. How
long Is this state of things to continue?
Weat che practical step has been taken
towards the contamination so devouEy
wished for? To satisfy the public demand
the present congress has enacted law
fixing time when resumption is to take
place, and that is all. What does this
amount TOP Just nothing at all. AND
we were not che single inch nearer
rssumrtion swhen that statute passed
than We were before. Not an inch. II
congressional declaration GOULD bring
back specie payment, there would oe no
need of waiting four years for the event
Laws OF this kind are cheap, and bring
forth cheap results. It certainly can do
no good whatever to fix the g.ime when
resumption is to take place, unless some
thing Is done to provide the means of
bringing it about. Now there are
certain obstacles that stand in the way Of
resumption and these must be removed
before the object can be accomplished,
and the one greatest obstacle of all, is
the national banks. The people are
paying an annual tax of about seventeen
millions Of dollars In coin for the support
of these institutions The abolition OF
these banks would save this tax and
remove one of the unsurmounta bic
obstacles to resum 3tion at the same time.
And this could be done too without
disturbing our finances IN the least so
for as the people are concerned. The
destruction of those banks would simply
be substituting green backs for their
notes. That is all. It would save the
nation seventeen millions Of dollars an
nuallyand be giving them better curren-
cy, currency found upon the credit of
the government. And another good
result flowing from this policy would be
smootnaring the pathway towards a
return to specie payments. The interest
bearing notes Of the government are
already made payable in coin. That was
accomplished without any great shock,
and if we had but greenbacks to deal
with, it would be comparative easy to
get back to resumption. At all events
something besides arbitrary declarations
will be necessary to this end.--Ex.
+-o.ooo~
No BETTER oFF.-A man and his ", fe
VINO had been married ten years,