The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1875-10-09
Subscribers out of County, $1.20.

Ana what Is the first requirement to
restore confidence 1t Is stability above
all things Stability of current values
which renders possible business calcu-
lations of reasonable certainty. When
the capitalist Is assured that the dollar
of tomorrow will have the same value
as the dollar of to-day, and this stabil-
ity of value finds full security in
rational and momentary system, then,
and no sooner, will he literally trust
his money in those who want actively
to employ 1t and promise fair return.
Let us understand the teachings Of
our own history. There are many
among us who remember the great cri-
ses in 1887 and 1887 in the United
States. In both cases the country was
flooded with ill-secuerd, unsafe bank
currency, and feverish speculation pre-
vailed. Then crash came; specu
lation collapsed the bubble OF fctie
tlous values burst the rotton banks
broke and their currency was swept
away business WAS paralized people
were in distress, as they are now. What
remedy was applied The natural, the
only efficient remedy and 1t applied
itself. No fresh in fusion of more up.
safe money. No. Just the reverse.
When the self acting contraction OF the
| currency ana credit nad oone lts
work, business enterprise began once
more to feel hrm ground unuer Its Feet,
| Business men had less of that which
called itself money, but they were sure
that every dollar they did have not only
called itself dollar, but was dollar,
a nd wnull remain a dollar Evamina
tho oriuio ubicb hroLa out tu,o voors
ago. in September. 1873. That crash
did not contract our currency. On the
contrary. what there was remained. and
shortly after the volume of greenbacks
was Increased $26, ,OOO, 900 by success.
sive issue from the so-called reserve.
Money did not disappear as It did In
1887 and 1857. There was more of it
than before, and vet the general stag.
nation and suffering continue. and the
future appear, TO MS dark and gloomy
without anv sion of improyement. Yes.
we have more money than before bnt
who of Won can tell me what that
money will be worth twenty davs after
the onening ot the next session of Con.
press2 Vino of Won can tell ma what
will antics that money NAV nIav with
the fortunes of all of us. If those who
clamor imitation now shall Obtain con.
trol of the National Government a year
hence NV fellow.citizensy all sane
men aoree that of the great nrohi,m
which onnresses mn there ia INIT one nj.
innate solution--iti is the return To Z
necie basis. fliI
-
NA''o AVN A"' oNN'
MEDY'
Whatever other schemes may be de-
vised, they do not even pretend to have
permanent final statement Of the
question in view. The resumption OF
specie payments is the only rational
one, for no other system will remove
current values from the reach Of the
arbitrary power OF the Government.
No other can give to current values
that stability without which no safe
business calculation can be made. No
other can res tore that confidence which
is the prerequisite OF new period OF
prosperity. But the resumption Of
specie payments is also the only pos
sible solution. 1t must at last come.
Even the inhationists, while wildly
seeking to throw difficulties 1t its way,
still admit that finally 1t must come. II
is inevitable as fate. Is 1t not the part
of prudent men, then, To move resolu.
tely and with untiagging 6rmness In
the direction of an end so desirable and
also so inevitable" shall certainly not
attempt to deceive you by denying that,
when country is once crushed with an
irredeemable paper money, the resump-
ton of specie payments Is not an easy
process. Like the cutting out of can
Ger, it is an unpleasant and diffecult
operation but, IL health is to be re-
stored, the cancer must be cut out. II
is one of those evils which cannot be
cured without pain, and cannot ba pre-
United to linger without peril. Delay
will only prolong the suffering and in
crease the danger. An attempt IL made
TO deceive with well-sonnding watch
word. They call gold the bondholders'
money, and our irTedeemable paper
money the peoples money. Can that