The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1875-08-20
The Finances.

Lnuir. has written yerv able letter on
The National Finances bat rs il is too
long ~ publish IL full. We give the re-
view Of il made by the Evansvillcl
Journal. a greeuback Republican paper.
also some comment. froiD The -. Louis
Globa. hnr,l-Inonew organ. Tho
Journal OF thc iiih. says:
I The Journal has no appoIo2y 10 make.
for Jevoting so much space, this morn
ing. 10 the able letter OF b, Graiz Hown.l
of Missouri. Oh the subject of National
Gnan.e. The subject i- growing in i'm
portancc with every days discussion.
aad we think II l. nlanifest that the
friend. OF an American currency are
not wcak~niag in argument or numbers
as the debate p. occeds. Ex-GDvernor
Brow NJ present lfinn of the subject IL
ad,nirsbie in spirit and dic,ion. II ia a
quiet. uniuii,sssioned pbilo.ophlca' dis
rus-ion OF The question wm'h must
challenge The respect on those who differ
will him ia opinion. or deny the cor
rccincs- of reasoning by which he ar
rive- at hi- CONCLUSIONS. JUDGED. we
ma, add in thi- couucction u. fore pass
ling that we are much gratiiieL Ia OBJ
serge CROWN. tenleney OH the part o!
- more profound tlinkers. who fDv0r
i. the theory "f currency furnished "
rcrt 60 The lr'aple by the Governme, =
ilierc ,nvertiblc with ond- bearing >
small Interest. tn lliscus> the question
calmly. without calling names or i'm
, pugning motives. white opponents
display cprrespondiRgly increased 'ir-
'ri,ahiiIty and cspiiousncs-. This proves
10 a. that tile former feel a consoles -
. n-ss of right and power which the latter
. rqu-lly realize that they do not possess.
ia dis particular. Mr.. Browns letter II
an admirable document. and we trust
that il will be rcllicd TO in the same
~piriI ia which il has been prepared aus
,,gbli-hcd. Ii such thing be possible.
il L. rrrtainl, desirable. that the discus
si.ns c"nncrird with \ Amcrican l,olitic-
-h,.aId hc elevated IN tone aud uodcra-
! t-d ,r bi;lcrne.-. and that y spirit of
tulcrn'tp be encouraged.
Mr.. Rro,.n -iarrr oil with iie l,ropo-
2 .iisin tliai Il j. nDi wi<c tor ia Govern
as..nt ta iar s2btsuOCO year 10 cor
p-rniinns 60 furnish The people will
currency for The ~Nrhnnee OF products
H. dcr'oIsirai,s that tbi- j. now done.
He attempts 10 show Ifiai the Judgment
o The civilizoi world. has arrived Al
49, rulrlu~ivn that a sound financial
l.Iiry Requires That the Government, Ia
: 81 .nnIing c0inrui Of the currency
. sh..uid issue directly frum if-rlt, aud Le
quotes from En..li.h anthvriiias 10 show
tilai this opinion l. fnpidl, gaining
grs,l.i In Englana ilr insists thai
There /. no mnrs reason why the Cniied
Sssr-, ,i,uuid farm out The issue OF iis
e rrrncy io corporation, than thsrc
. wsaili Ice IN letting ta ANY private AS
.-oclaiinu the roiisge md emission oI
aii it, gold aud silver frorn the mint
. Anuil,rr I'uim made =, Mr.. Brown W
regard n Of the greatest Importance
a lie mentions ae one OF the results al
" renhant upon direct legal tender Issue
eli would al once place HE emission %
eLrr,ncy in the hand- of the Govern
men not n u party Interested citb-r ia
contraction or iHihtiun, as mean
" hereby la affect the debtor or crrdiIo
part ot The community. bur as solicii
= uu. only for the general public welfare.
lie tcrs,ly adds: ia has become tos
nlurh practice amongst u~ 10 u-r al
a niiui-iraiivr appliance. ~ far a. pricti
cable. for STIMULATING special interest
and favorIng certain cmsses tverv
body who ha- carefully watched gor
eriinemtal progresses for some .esr
knows this declaration 10 be al~olutcl
tree.
On this question OF furnishing III
rufrrnry direct. in preference to u>in,
- tile ranks a. medium. Mr.. Brow
- seems io have shaken the ihith of s.
siaunch hard-inoney organ a. the -
lunis Globe Dcurwrat. On this poii
tlsit PAPER uses the S,llowing pointc
Language:
Without attempting ~ this aQiclc
general criticism Of the many isslfcs me
and made by the letter, We will -iai
that, ia our judgment, the Nations
Banking sy-teu,. a. at present organizcs
is thing with which il j. very easy I
ra quarrel. Congress has not done it, dut
in modifying il To suit the needs of Ill
times. When il was first framed b
\ Secretary Chase il was intended 10 me,
a special cxigcncy in The financial hi
yliory Of the country, and the desire
put il in operation prompted cxcel
Iiionaly liberal offers TO those who wei
lwillng 10 undertake IL. There was the
tho justification OF necessity for pawn
large bounIics TO those who would il
y vest their capital in this particular bus
ness. This justification no longer G,
ING lists. and Congress should long ago hay
'"- repealed portion, at least, Of the boul
ries. II i true th,t the sum paid is ~
Il las large as that stated by Mr.. Brow
that is Ia ~ay. part Of the amount pa
" TO the banks by the government I. i
!. Iicrcst is afterwards paid back 20 u
hx tho bnukg IN tuxcs II