The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1875-10-20

We wish to call the especial atten-
ton of our readers to the following
from the Chicago journal. We have
money enough to carry on business, If
there was more confidence. There
cannot be full and complete conf
dence until we know what the future
will be. AS long as there is danger
of imitation on one hand, or contrac-
ton on the other, there will be lack
of the wanted confidence:
On the first day of the current
month Secretary Bristow issued call
for $5,OOO,OOO of $50 bonds for re-
demption, interest to cease January !,
1876. 1t is stated, on good authority,
that there remained at that time out
standing $19,775,O 900 called bonds on
which interest has ceased. 1t is in
credible that any considerable pro-
portion of the holders of those bonds
should be ignorant OF the fact that
they had ceased to draw interest.
Nothing else could show so foreibly
the plethora of money, and the credit
of the Government. The capitalists
do not know Of any safe way to invest
their funds. and they feel that, SO long
as the money remains in the United
States Treasury, it is perfectly secure.
That hank" will not suspend, nor
thieves break through and stear' the
contents of its vaults. The unlimited
confidence Of the public in the Gov
eminent is an suspicious sign of the
times; the distrust OF the people in
each other, ard in ordinary business
enterprises, is the dark aspect of the
situation.
For the good standing of the Gov
eminent, the Republicans. party de-
serves especial credit. The policy of
reducing the national debt adopted by
General Grant at the outset of his Ad-
ministration has satisfied the public
Of this country and Europe that re-
pudiatiOn was no longer to be feared.
In history, President Grant will be
honorcd conspicuously for that fea
ture of his policy.
There are two causes for distrust
and conservation. They are as far
apart as the poles in one respect, yet,
like those two extremes, are peculiar
ly alike. One of these causes IS fear
ofinfation; the other, fear of contrac-
ton, and each tends to stagnation, al
belt from opposite directions. Capt.
talists, proverbially timid, will not
lend money, except at ruinous rates
of interest, when there is danger of
being paid back in deprecated cur
rency The present money IS not
very good. but it is vast improve
nent upon what we should have If
that rag baby should grow to man
estate. On the other hand, men of
energy and enterprise, who would be
borrowers in ordinary times. avoid
loans as much as possible when there
is apprehension of reduced volume
of currency, with the consequent DIFF
ficulty in meeting future payments.
In either case, there is business par
alysis.
Procrastination is the thief of en-
terprise, as we'll as of time The long
or resumption is postponed, the great
er will be the timidity There is no
telling what the future will bring
forth In the opinion of some, inf1a-
ton will result from all the turmoil
and strife of making finance politi
cal issue; while others, again, see in
it the prospect of gradual and dis
heartening contraction. The uncer-
tainty Of the prospect is exceedingly
harmful in its effects. 1t is to be
hoped that both parties will see the
Importance OF an early and final set
Element Of the currency question:.
Therein is the hope of the country
There is no good reason why resump
ton should not be an accomplished
fact prior to the next Presidential
election.