The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-02-03
ANOTHER RADICAL DODGE.

When that transparent fraud and humbug
called the "Finance Bill, was lately rushe.
through both houses of Congress withou
debate by the Radicals who control tina
body, every man whose opinion upon thu
subject was entitled to any weight called i
an initiation scheme in disguise mere shan
intended to create the impression that the
Administration party was really paving the
way for return to specie payments, whilst
the knowing ones were fully aware that the
only possible result of the adoption of that
buncombe bill would be further postpone.
ment Of the very object its authors pretended
to have in view.
This was predicted at the time by every
hard money advocate in and out Of Congress,
and the bill was forced as Radical measure
against the unanimous vote of every Demo-
crat in the Senate and House. That profound
political economist and astute fnancier.
Ulysses Simpson Grant, whose views upon
the subject must have been derived from an
appreciative study Of the fascinating doctrines
Of Wilkins Micawber-like his ideal model,
our presidential Mcawber has satisfied him
self that the mere acknowledgment Of an OBJ
legation to pay debt within specified time
is tantamount to settlement of that debt.
His friends in Congress declare, and he
hastens to lndorse their dictlm.
that the national currency should be
made equal in value to gold within four years
from date, and that the mere laying down of
this proposition is all that is wanted to bring
about that most devoutly wished for soon
just as the issuing of correctly
drawn up and signed 1. o. U. was looked
upon by the irrepressible Wilkins as a final
settlement Of any outstanding accounts.
However beautiful and pleasing in theory, |
however, the Grant-Micawber programme |
does not seem to work well in practice. From
the principal commercial centers of the North |
we hear simultaneous walls and the announce
ment of an impending ''gold famine" The |
Train Of gold has already taken away twenty
million dollars in coin and bullion, or
about two-thirds of our present annual
gold production. As leading New
York paper remarks, the CONNER
ial supply of gold is lower than it
las been at this season of the year
ince the suspension of specie payments.
The great reservoirs of Europe, the banks of
England, France and Prussia, are all kept
7ide open to swallow up every eagle that we
an spare. The Imperial Government of Ger
1any is determined to get rid of its silver
DIN and substitute gold in place Of it,
neither "the business interests suffer or
OF. ;" AS another financial writer well says,
here is strong probability that the gold pre-
lium will continue to advance, and "then
'e statesmen and inanciers who procured
lie passage of the counterfeit-resumption
III will begin to see how much of q
lam 1T is, and how impotent for any t
BOD purpose is mere promise to resume c
ur years hence, accompanied by no provI- !
on for bringing the paper to par, but rather
7 AN inducement to initiate aud depreciate
Q currency indefinitely during the years
at must elapse before the promise of res ump-
IN falls DUE"
We OF the South have long since found out
at Grants ejaculation "Let US have peace" :,
cans war upon the industrious and civilized +
nizens OF this region for the benefit of g the Il
rty'. This new Radical shibboleth, of II
lich SO much capital was attempted to be . .
ade, will undoubtedly prove an ignis fatuus, n
treacherous and mischievous as the delu- tt
g appearances that lead belated travellers tt
o quagmires and pestiferous fens. -