, 1875-12-11

Inat OF. md hin abteeB and cArabiticA to be
rneAsufoa by that nf. Brother john Bnlls 7
lu 1t not fscs that tho United States Cavern.
mont can and dpca H. things that "cAnnot DO did
by ani otnor form OF Goyornn.ont 7 II not,
tash wllcro is tho difference botwsea uon.llo-
publican and ltepubiican Government What
Government brt o,irs could ftoat m I'M red.rma.
hfa cuftency no 1nng and 10 eFfectnrlIy With 10
Email dIscnnns2 1a i e,,nd logic ii Ray that
our Iovnrnmens cEnnot tloa4 q demand. uote
chffencs. anu can bpec5s ono, Wb!lo II in float
ing non .detDsnd ohs {snd tllat. Too, for n long
DID 1ot many Of our sn1nlcst finaucors anti
hoet statesmen predict bankruptcy and RUN At
The clure cf orr late Civil Way, from tho Curton-
or acs% OF Congress- during the War ?-sumo
going 80 far m lu shv that our curroncy -dna.ier
would to 10 great that "a s. stesnbaek will nov
10 worth & cents Al tim close Of tho War;;
which would he = discount Of o. cents on tho
dollar; but inste.d. ten yoars after tho War,
laFa only tcached tho ANAL tliEeonut OF Is pet
cont, and would not be tnat much ii II woto not
for gold.spoculnsota.
Tsia oxnor,eneo has taught Us that What uas
considered i1upoaslbEn by uAny Of our wisest
md boot OF mon At tho beginning of tho Civil
War became posalbls-seA, a nece.n.ty-soon
afterwards; aud. furthermore. It bss Taught nd
many now t!natIca .dosa; md 1t is 1ha consentl-
ing Of tl,ooc now financial ldons nGaInnt tho old
"rJck.rooied ones that ia now disturbing the
AnhuctA world
rnncy of 93o. .1oa, quo OH gold-tass Of a20 On,
wv and Keep thAt amount circulating ut rar in
aehnte'r. or 20 long as II keeps the required
amoshI ot g9!d on hand why c.nno; . national
prtucirlc or 10 tho OLD tato banks used to be-
Cannot tho United States 6oyerntnant do tha
eaacr AMI better tdnu to nAlutAln IN cxclus,ys
sfeaie-cuircncy?
Doea tbs Government aim to hnna NJ tt,a m, 1or.
~, IT not n'so sho minority? II 10, why lAsuo
iuterest-honda that eau only sorya tho minority
and not tho uAJorlty? lB 1t not 4 cui rency. aud
not honds, that tue psorle want and tn,,ss hayo3
II the present curroncs IL Objectionable. w!,T
not mako the aaE1o bostor by litalo gold-batis
snd not rush OF into bonds which aro moro ubtco.
tlonAole as currency, oyan With Bpeoie ore
addodI Wont'l 1t not bo better 10 ,ssuo one per-
cent 9otd.notes than 4-pet. bond. to run ten
twenty. and thirty yeaFs that ia ii this Coy
ernuent must have aEccte-currencY st son1o
liked futuso data. Theup 1-per-ccnt goil.note,
to be tssuod 40 that tho intotest and priuc,pal
ara both due n tho sanlo tlmo and on glsou
cato and payable wl1on due. or any day AcreaC-
'tr, or Ill called in II not prosecuted uhen due,
hnd lhua circulate aftet bain1 duo tho sa,uo as
before. and DO par, with Tho accumulated inter.
cst es pramium; wl,ilo bonds must be presented
"heu duo: as they mo too bulky for currency,
OHe- oaF ccnt-lnterost Eoid-grecnbaclta is too
low, and only bong duo III ten. twonty, OF thr-
~ years, mAkea interest too SLOW, for fpouey-
Aoeculasos to hoard OF lock up from cronlau Il,
al" suus kcoP tns n01eT ous or the hands Of
spectators aud IN tas hAnis Of tho people, far
better than current per cant gold ponis. Ds-
Sides, th:s amount OF INTEREST is prrhare al
mach nA the Government ought to paw till ouk
OF dsbt. Al this rata. \ 1.per-cent goid-Rreou-
back will bare ; premium OF 30 ccuts at tho end
Of thirty Seats from dAto Of issue, and twon.y.
year onn 20 Cents, and tou-yoar ono 10 cents
while 4-por.cent eold-bond would hare drained
tue Government 10 thirtv yeats Of 100 cents, OF
20 canss more than the princiuai!
II por cont ID not enough on gold. .grosnbnoks,
then pu. on more iutorsdt, but guard agains:
having cureelcyto ctrrY tho heavy premium
aftor maturity; bur put tho iutores: on Tho eotl
notea for tho benefit of the peop'a, and not on
bouds ior tho benefit OF bondhodets.
r.