Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1875-07-09
por.rrrC. AND FINANCE.

Presidential contest next year. There
is a very strong disposition in both
parties to make the finance question
the main plank. This is natural
enough. considering the earnest atten
ton the public have bestowed upon
the question, but the slowness OF the
progress so far made towards a salts
factory settlement Of the problem
should be regarded by political lead
ers as demonstrating two things:
First, that the public yet only very
partially comprehendthe question, and
entertain no very definite ideas as to
what sort of means should he adopted
for remedying the existing fiancial
arrangements; and, second, that,
consequently, there is very great I'M
certainty about the popular acceptance
of tho plank which politicians are so
anxious to make conspicuous in their
platforms. Each party includes in its
ranks voters of al! shades of opinion
on the issue, and no one can judge
how or in what proportion these diver
stiles of view are distributed. The
Democrats of Ohio have declared
against forced resumption Of specie
payments," while a Republican Con-
gress last year was only prevented
from further initiating the currency by
the timely interposition of the Presi-
Dental veto. Both parties are agreed
that the country should return TO a
specie basis at the earliest moment
practicable, but neither is entirely clear
to the proper mea for the o
plisnment of this desirable end. This
is a fair and impartial statement Of the
case, and, as we view it, there is but
little opportunity afforded for any po-
litical organization to make much
out of the situation. Why,
then, should either party beanxions to
PROFOUND in its platforms a definite
financial policy, when confessedly its
own adherents are radically divided in
upon the issue. Such a
course can only produce embarrassing
political divisions and result in compro-
misses that will satisfy none while they
may prevent wholesome conclusions.
The people at the East have, within
the last two years, sustained such
heavy losses in the process of reaction
an unhealthy condition Of bust
ness, that they are in no mood to toll
any prolongation of their suffer
through the foisting of impracti-
cable and deranging theories of cur
rency or resumption upon either po-
litical party. Neither contraction nor
initiation, cold so, is what the patient
needs. Finance is the most sensitive
OF all subjects requiring legislation,
and it is especially important that it he
treated with the utmost caution. Con-
traction is not to he thought of unless
we can supplant in direct ratio the
present currency with specie, and this
is impossible SO long as we continue to
send abroad so large a proportion Of
our hard money. Initiation is equally
Objectionable, inasmuch as its only ef-
feet would be to cheaper greenbacks
and send gold still higher. 1t is long
and treacherous road back to a specie
basis, and it can only be reached by
slow and cautious advances. First of
all, something must be done to keep
u gold and silver at home.
If il be asked, what do the people as
a whole require at the present time at
the hands of political leaders in re-
spect to this question, the an
swer is: First, the restoration of
the currency to a specie basis
without unnecessary delay; and next,
that this restoration shall be effected
with the least possible variation from
the existing kinds and relative status
of our c~urrencies, leaving further
notifications of the currency system
to be dealt with hereafter, as occasion
may arise. These general assurances
would give confidence to the business
and commercial world, and would
command hearty supportfor any party
that might give them.
BEECHER's SALARY RAIsED.-The
announcement comes by telegraph
that the Plymouth congregation has
raised Beecher's salary to 500, 900 fol
the next year, and we have not the
slightest doubt about Beecher standing
the raise. The meeting for the trans
action of this little business affair was
large and enthusiastic, and not single
voice was heard in opposition to the
change. 1t is generally understood
among the congregation, says the dis
patch, that this enormous salary is
only for this year, and is manly in
tended to help to defray the expenses
of the scandal trial. Beecher's salary
has hitherto been $780, 900 per annum
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