Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1875-01-30
THE NEW FINANCE BILL.

The new Finance Bill which has just
been passed by the Congress of the
United States, and approved by the
President, provides for resumption of
silver coin immediately, and gold coin
the first day of January, 1879. 1t also
provides for free banking, subject to
The laws of banking under the Nation
al system. It seems to US that prices
must necessarily come down under its
operations. Paper money will OF re-
cessity be Withdrawn from circulation
to a certain extent, and as it becomes
scarcer, it will become more valuable,
and prices for property relax or decline.
The banker must now get ready to pay
his debts. He has had long breathing
spell. Many of his notes have been
ont for ten years, and until now he has
never been called upon TO redeem them.
He has loaned his paper at good rate
of interest and made his money easily.
Now he must begin to prepare him
SELF with greenbacks or gold to redeem
his out standing notes. Silver coin Is
to take the place of fractional currency,
when we will have the pleasure of see
ing silver ten cent pieces, quarters and
half dollars, bright and shining as in
the better days of the Republic. To
Jingle them in a mans breeches pocket
will remind him of the good times when
Andrew Jackson lived in the White
House, and the country was prosperous
and happy. To know that he is soon
to have some "sare huff" money in his
pocket, raises him on his tip toes. lie
will then know he has some OF the
genuine understanding which has
The true ring about it-possesslng In
1.insic value. The paper dollar will
soon be laid aside for the "sure nufi
dollar, and our money pass current in
every quarter of the globe. Our opin-
ION il, what may be lost in shrinkage,
rs respects paper money, Will be more
than made up in the value OF the gen.
nine article. 1t matters nothing to
laborer, if he can buy as much with a
gold dollar as a dollar apd half in pa
per money whether be works day tor
gold dollar or dollar and half in
paper money. It's all the same to him.
To buy a pound of coffee now, you
must pay a dollar and half for five
pounds, which is thirty cents = pound.
Now, if you can buy it for twenty cents
pound in gold, gold dollar will buy
the same number of pounds as a dollar
and half in paper money, And this
illustration or process of reasoning may
be employed 10 fix the prices and value
of property in general. The better
money is, the more it will bny, and
prices for property and labor will adapt
themselves to the new value Of money.
This bill provides that man may still
paw his debts in groe8backs, and the
United States shall redeem the green
backs after January first, 1879, in gold.
The banks are bound 10 redeem their
issues in greenbacks, and pay off their
debts in grecnbacks. To do this, as
measure of good financiering, they will
withhold their own issues, and prepare
themselves with greenbacks to redeem
those that are outstanding; and this will
of necessity produce 10Y time strln-
cency in money matters. But ii is con-
tidently believed, that after resumption
will have taken place, and confidence
restored, money will be more abundant,
business transactions and sales Of prop
erty more brisk, and prices more stable,
than at any time since 1860. In view
of these facts, let the tillers of the soil,
laborer, and industries prepare them
selves to enter upon their various pur-
suits with renewed energy. No man
is so well paid now as the producer.
His products command good prices at
p his door, and our rich lands are open
to all, upon accommodating terms, who
are willing to cultivate them. That
man who does his part well in the cul-
tivaiion Of crops can rest assured Of a
plentiful harvest, -aad that the buyer
viii come in due season, aud pay him
J real srsne5c &or eyerx-,hnr he has In
bored. The true secret in this country
z for making money, IL Iehavs someiaias
10 sell; and the sooner our oilers and
grumblers heed the truth Of this saying
the better for them and their families.
rS- 1t was with profound mortitica-
tim that we read the article which is