Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1875-10-06

ION. The late Judge Collamur, then .
Rcpublican Senator from Vermont,
made y most convincing speech against
thc legal tender scheme and favoring
the sale Of bonds Ny recollection is
that Mr.. Fessenden, then Chairman of
tho Committee Of Finance, IN the Senate,
agreed, in the man, with the picture
of consequences of the legal tender act,
drawn by Judge Collamei, but doubted
the ability OF the Government to raise
the means, TO go on with tho war, from
bonds. Mr., Stevens, as Chairman OF
tho committo Of ways and means, was
for the legal tender, regardless of tho
Constitution, or tho future consoq uence;
and all agreed, rs am sure did, that
II the mo-. = ~ Id not be raised In
any otA.r way, then the legal tender
law must be resortcd TO, and it was
adopted.
II Is Unnecessary to picture the con-
sequences that followed this attempt
to set up an arbitrary standard ofvalue
against that recognized by the world.
These are fresh before all. Then, AS
now, the legal tender was measured by
The gold standard. Grecnbacks deprc-
ciaicd TO such degree that Mt times
they were not worth 40 cents on
tho dollar, and they were seldom worth
rs per cent. of th,ir face value during
the war, whilst the nominal values OF
all kinds OF articles were enhanced IN
equal ratio, inspiring a most reckless
spirit of speculation, deranging and de-
moralizing the entire business OF the
country. Seldom II ever, was meas
urc fraught with 90 much harm TO
those whom 1t was intended e benefit.
But have said Tho clvii po'icy since
the war was weak ana unwise' IL was
so ~ the measur that those IN au,
thority seemed tc iaii 10 comprehend
the situation, or else were wanting IN
moral courage to struggle with the
gigantic evils that hau resulted from
their own policy Inc continuing oil
enormous taxatlons, ut the close oi an
exhausting war was policy eminehtiy
unwise- ~ was SO, because inc people
needed fellei from harasslng demands, ;;
,,'n my Nv, 81 'ssIo IA a. ~ v', Vvu !, @ i.n'
TO see mat the war had made II neces-
sary 10 indulge IN enormous expendi-
lures ana III dangerous practccsl IN
angnra,ihg naoi' Oh loose ana uemor-
n ,;,;' $500 ' ~, IT, ~ ''e' ~, ~ s,'s son,
.. u,',o" % e" isa 49, " "' LIZA vHna"'.vu - !
sa.e ,,' =. ,,oo ."o stonIS iara Sy .nV
w. yy' ,;nn sSS sSoaId % hana haon ,, aaoP.vu,
do.ss ao" ~ ,hn | ,o,,aS, do,,o,. o,ea.a,., ,eso.
aJn" ,, ~ ei,h @ a 80 ,'is.vn' ,'',
WIN WI ~ s s,'hl;o ~" ,h, ' ,,d 'uo ~ "a.e, m
.~;S"h,a Ss I l nond;,nro @ 80 - ~. .o ',o,'. WA
.o'a a. M 1.w T.,"s' ~ .'l, ~. vo,e,n n'..r
tn h'e' ,,'a,.,,.;.hsd ~" ~ uas"s ,,, " "avo ;
49, 60 H. ,,aania "a -, go .'.' u Jas
.oa, ou ~ o ana Ps n,;, % "s Ia;sla,;on ~ INV III 7,
IS $50 ~ a "h,';d ,fa, i. ~ da"sn.ai;. y
,'sa;.;, "as ;.S ~ ,' i.s;aIa.,a !" ' . hn," ao
oI ~, ..,;,.L a 2 anoe Tan.
' @ n's,a tn n aa,I;d ~ ny so t'o aeas-
;n;, G anJ % r;s;nn"rpl, ~ "p schowos Thar IA Ia
,n ann I ''s'o.aI , .n., so%v'nes ,,,n ,' my ula
dop, V "3l;"v hn, ,hn,, or,h,.'n"d nh I P.u p,'d
80. 80 IohIy y ,"'y .''svu 49, .'' auu
snu' soho"s or @ asoSiaI;,,, sT % nd moss.1us
a, o...',. ,.,;, y, a .o'.apr'oa.
,o h.,'o, ~ ,.';,'as, ;doaa - ,',s;.' so" =
',.,as ~ vs'a "a .do 'a'"s =, ,oa,,a' @
,n,;a aiu a"I ~, - oA passion a"u "'u 'p.ou'
;a'i; ;a'on =, ~, ", uvpa. ..',e,.s y, ,nuus.ry,
u. ., 'nu I ,'i.'s lnsss'',,e"s s y, po'roM.u ,s
ua.a' :" lna,,a aa na % 'Snv,.o,' s,' iesu''-
ms "a i po"o,,on ,pa o ,a' gyyoau ',; 'ne , ac-
n'a',us @ " ,.I .uI oouny ,n's polcy
may oe Jus.ly ,.' al.r'ouleu M .ne present