The star of Pascagoula. [volume] (Pascagoula, Miss.) 1873-1878, 1875-02-27

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as onIy Ny mui1li Development cs1
We be- muimlIy prosberoua. md lhc
sho'o body polite bo maintained in
vigorous health.
a ihousand years ago learned and
thoBgliiial chemists devoted the cner-
gios of q lifetime To a vain search for
tho wonderful philosophers stone
whose magic touch should convert the
bascr metals into purest gold, and
thus fIl the whole world ut once with
wealth and luxury. To-day we have
numerous citiz'Ds who are pursuing
the same phantom. They are toftur-
ing their poor brains to devise some
plan whose talismanic power will
transmute bits Of printed paper into
countless millions Of actual money of
such a subtle nature that, true as the
needle to the pole, it shall 90 straight
to the pockets of the poor, and, like
a subtle "Will o'the wisp," forever
evade the clutches of the rich:
1t is on indisputable fact that our
country is now seriously suffering
from arrangement of Frances. We
need not be at loss to know the
cause. 1t is a solemn reality that our
country has passed through a most
wasting civil war. It cost US in money |
time lost, industry disturbed, material
destroyed, production stopped, more
than ten billions of dollars. That
immense sum was in four years SUBJ
Iracted from the wealth of the coun-
.ry. 1t was co sumed, and is forever
gone. 1t made us comparatively
Door. To bridge over the emergency
,f the hour the government issued
great volumes of irredeemable paper
currency, which we used as money, and
hus for time disguised and hid our
,overty. BY using this currency our
Judgment OF values became more and
more confused as we drilted further
rom the worlds standard. We to,
ally failed to realize our changed cir.
and to inaugurate a corr
system of economy and
industry, and consequently, with an
Inheritance of debt, extravagant hab.
is and distorted judgment of values,
ge have been necessarily drifting to
eward. Out of this trouble there is
o royal road.
Only by a return to habits of iE-
ustry and economy, guided by intel.
gence, can we regain our wealth and
emove our load OF debt. As an aux
iary to this, we want a stable and
ound currency that shall be reliable
leasure of values and recognized as
ich by all the civilized world. For
e may gain this truth from others ,
nd our own history, that an IRE
eemable huctuating currency always I
lvors spectators and sharpers at the |
zpense of those engaged in produc- I
We industry.
In an order like ours, which is still
/ the formative state, it has not ,
,emed strange that many cases have s
resented themselves during the last
eor which were provided for by no
ritten law. To meet these emer-
encies it has devolved upon me, as q
le chief executive officer Of the order, I
, make numerous rules for our tenn I
orary guidance. These have been |
laced in the hands Of your commit
'e for arrangement, and will be sub I
lifted for your consideration.
Some cases have arisen involving /
oints Of such doubtful erpediency ,