Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1875-08-17
THE CURRENCY QUESTION.

THE CURRENCY QUESTION.
MIR. }. W. Lockwood, formerly of this city,
but at present cashier of the National Bank of
Virginia, in Richmood who took prominent
part in the debates of the National Bankers and
Brokers Convention at Saratoga, has given to
a correspondent of the Baltimore Gazette his
views 10 reference to the currency question as
follows:
81 am decidedly in favor Of the resumption
OF specie payment ut the earliest possible mo-
ment, but We are not yet prepared for it, Re-
sumption embraces the payment OF all dues by
the Government and banks incnding the indi-
vidual deposits of the latter $4,000 00O--if
payment is demanded in gold; which would be
demanded 1t the premium or commission was
at all remunerative. The supply of gold in the
county, not amounting to over $75 OOO, 900, is
inadequate to meet such demand. The am ,unt
produced from our mlues does not exceed $62,
0UO,OOO year, and of this $53 900 900 is ex.
pended to meet our foreign Indebtedness, in
excess OF the amount of producions of the
country exported The remaining SO OOO, 900
is consumed in the manufacture OF watches,
jrwelry, etc. My opinion is that the recep-
ton by the Government of legal,teDder notes
for all dues, including duties, would be q
long step in the direction Of resumption.
Let the Government abolish the National
Bank circulation, and furnish the banks
with a uniform legal tender circulation.
Let it also issue currency bonds, bearing four
per cent. interest, and furnish the banks cur
rency, dollar for dollar, for these to any extent
desired, allowing the banks to return the cur.
rency when it is reduced and receive the bonds,
nd vIo al.
rency meeting the wants Of trade as they arise.
Resumption must be preceded by several years
OF agricultural prosperity. 1t cannot be accom-.
pshed by mere resolutions. We must import
less and export more. TO accomplish the lat.
ter we must have CHEAP transportation, that
We may compete with the markets of the
world, and thus make foreign markets our
debtors l believe the matter OF cheap trans
portatlon has very much to do with resump
ton. LII We can find an active foreign market
for our productions il would greatly accelerate
the time for resumption but we can only COM
pete successfully with other nations by having
cheap transportation.
Incidentally, Mr.. Lockwood stated that he
regarded the speculation u gold as ruinous to
the country, and favored tax on gold brokers
amounting to prohibition.
"A CLEAhED Op.-lnc htIauta
(Ga. Herald of the 7tb instant, thus tells how
GIRL mlschievous acts We're exposed "AIl
newspaper readers In this State remember the
startling and unaccouutable manifestations
which occurred at Surrency, on the Macon and
Brunswick Railroad, year or two siuce, and
which was attributed to the agency of spirits.
The house OF Mr. Surrency was turned into a
pandemonluD Tor the time being. Crockery
trom unseen sources would fall into the middle
of the rooms brick bats would crash down, aud
bIllets of wood would be hurled in at windows,
seemingly without any human agency. The
wonderful occurrences, however, finally stopped
and after while lived only in the remembrance
of those who had witnessed and heard of them
Some time SINCE similar manifestations began
IN the family OF a very estimabic lady, Mrs.
Russell Johnson Of Barlow, on the line of the
Central Railroad. The crockcry, brickbats and
other portable and sIpall articles raincd about
the house IN the most astonishing manner,
causing no little terror to the inmates. How
ever, MIR. John A. Mcmillan, q son-inIaw oil
Mrs johnson, not being frightened entirely
out OF his wits, noted the similarity of the mani
teSalons to those at Surrency, and finally
that they had employed in the family as
servant at tho time, a coIored gIrl who had also
been iu the employ Of MIR. Surrency at the time
those strange freaks Of the unseen agency took
place in his house. Thinking that the two
must certainly have some connection with each
other, strict watch was kept upon this girl,
aud she was finally detected in the act of taking
brick from concealed position about her
person and hurting 1t into the middle of the
room. Here then was the secret. She was
Immediately apprchcndcd, and, under fear Of
being dealt with by law, confessed that she
was the author of the mischief"
TRAIN up child in the military way ho
should go that is the German motto. Our
Teutonlc friends have such grim liking for
soldering that no opportunity is lost of imbu-
Ing the infant mind With knowledge of all its
details. To this end there is 10 use in all Ger
man schools little book called the "Preussis-
cher kpdertreund, published at konigsberg,
ana described on the titlepage as reading
book Tor the popular schools" 1t is edited by
by a. Il Preuss, director, and j. A. Vetter.
head master Of the seminary at the RoyaI Or.
phanage OF honigsberg. The book is decId-
ed curiosity in its way. The leading idea is to
impress upon the children who read it the
paramount necessity Of being soldiers, and of
having soldiers. One chapter deals of war and
the duties of soldiers. War" it says, will al
ways exist until the new heaven comes and the
new earth, and until then there must be war
rlors.' The rules are given for the soldier s
guidance. ln the first place he is counseled to
trust 10 and to fear God he must serve the
king honestly and truly, with loyalty and obe-
dience; he must also be true to his comrades
"a wholesome precept; and he must possess
honor aud nobility of character The compiI-
ers then present their youthful readers witt
an account OF the formation of regiments, bat
.aions and companies; all the minutie Of mill
tarlsm are set forth in plain terms and his
mind thus saturated with soldicr-lore, the lit.
lie German boy leaves school big with the con
sei'usoess that he was born to be soldier. and
mat the graDdest thing 10 life is to fight n de.
lense of KONG und Vaterlaud.
Inc number Of men aud women who have to
make their mark" when signing the English
marriage register is the subject of Parliamen-
sa'y .ay return. ln the seven years including 1866
hn sfnr. :.