Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-10-29
RESUMPTION

The last eight years have been and the
next two years gives promise to be most
fruitful in doctrines aud special appli-
snces for the restoring OF our nationai
finances 20 their normal condition by the
general cireslstion Of gold and silver
Assertions of the most inconsistent and
arguments of the crudest nature have
been made and advanced as eminently
applicable to the existing state Of affairs,
many OF them evincing nothing but
total misconception of what is required.
Neither the drastic draughts prescribed
by one party nor the homeopathic legis-
la,ion of another can arrest or mitigate
the evils at present ulcerating the body
polite. To attempt to remedy abnormal
action without removing the cause is alb
surd and renders all such attempts abor-
tive. The full tide Of prosperity that
reached such sweliing hight in the Fall
of 70 has ever since been slowly but
surely ebbing. and the daily failures nov
being telegraphed from the Atlantic
Coast are but so many wrecks left on the
sands OF bankruptcy by the retrea'ing
wave OF prosperity. The question arises
how is the ebbing tide to be turnedf
Grave orators. Congressional coalrmen'
intriguing politicians and temporizing
demasogues have all had their say, aired
their own pet little schemes ami ridden
their hobbies to death. yet the evil exists
and the cause is unremoved. An ANUS
ing anecdote IL related of a country boy
who sent his dollar in answer to glow
ing advertisement and in return received
the following concise treatise on How
to get rich, viz: Increase your receipts
and diminish your expenditures. If
the boy followed the advice be is, no
doubt, rich by this time, aud in this
homely phrase is found the great secret
OF national wealth. We must all earn
more and spend less; like the rural
youth, increase the income and diminish
the out-go, and prosperity must follow
The youngest nation in the world. VT
have made the fastest strides and spent
money lavishly. We are poor in thu
solid representative Of wealth rs com
pared with older countries. and unde
our present system will stay poor. True
there are throughout the land the repre-
sentAtives Of money or moneys wortl
but as compared with Europe. tf
United States can make but n poe
showing in point OF solid wealth
The old countries across the sea hay
the gold. America has the Colds wort
and when America can make her export
exceed her imports to such an extent tha
the tidal drain of gold sets in with r,
fluent current to her own shores she wi
enter upon an era Of prosperity. Whe
she earns more and spends less, wht
foreign merchants and consumers pu
chasing her goods pay her gold sufficiel
to meet the accruing interest ON he nj
tional bonds, she will then be in Il
position OF the boy increasing his r.
ceipts and diminishing his expenditure
The law Of gravitation is not more III
swervin8Sn results than this, that whe
steady drain OF gold from u count
continues for any heightened period
time such country must suffer in dire
proportion to the amount shipped fro
her shores. Rags, notes, greenbacl
pulp, fibre and printers ink are all W
in an expediency or present dilemr
but gold is the only standard and by
the wealth and existing prosperity
nations are regulated. This is the p
ducing cause OF the present languishi
condition of American trade, CONNER
and industry and the cessation of I
evil by turning Of the tide the oil
remedy. This remedy lies in the han
OF the people themselves; no amou mt
public gush or private exbortation,
measure of congressional legsatic
legislate they meyer 80 wisely, will
store resumption till the people real
the necessity of economy and labor
their part, and when that period does
rive new era Of national wealth a
solid prosperity opens for America.
the moneyed people Of America contin
to import Injuries and spend Americ
gold in foreign marts, without any off
on the part of sales the present state
affairs must Of necessity continue. D,
ing the season just closed forty thousa
Americans have visited Europe and sp-
forty million dollars in Anne
can gold for foreign luxuri,
iaoes' silks, jewels, liquors a
an endless catalogue Of useless, fripper
The domestic manufacture ia discard
for the foreign web. the fruit of /
American loom is ignored for the fabri
Of London and Lyons, and to Enpli
and French manufacturers is sent I
gold that should 60 into American G
fers. The only gold really necessary
send to foreign shores is that to pay
interest on our national obligations h
in other lands. II is the province of
entire nation by individual and concer
measure. to hold and retain the gold i
silver product OF the country, such me
ures being necessary as primary 81
Sovards resumption. France is an
ample to us. Iu four years she has
ouperated, and from the depths
national degradation has risen 10
position OF the most solvent and mr.
porous nation in the world. The cor
try has already done wonders In
short space of ten years from the ri,
Of the war We have made rapid strid
but sadly retarded by the lavish exnsr
ture in the purchase OF foreign and