, 1875-08-13

KHnIE- is coming Westward. Ho has got
ns far "a indianapolis whcro he demolished |
BosAmY PE1cE snd Senator MoRToN ut ono |
fell blow in fact, Kx1LEY il tremendous |
blowor. Wa fear that Chicago is his next |
lalting p1aca. No don't know what Chicago
Inns ever lone that 1t should DO visited with !!
s,,ch m anliction. Haven't wo sufficiently |
atoncd for our manifold sins with our two big
fircs tho panic, the "Peotllo's Party" and
manifold other enforced penances7 Isn't it
time for listlo indulgence rather than ill.,
creased contrition? Arc there not other
cities where KELLEY might he sent, which
would boar tho visitation moro meeRly, if,
indeed, they are not moro deserving at it !?
KELLEY scourgod the South this Inst spring.
hrs flourished his fiery sword in ths East
during tho summer. md even the Wcat shall
not escape lin. This il hard It is moro
than wo should bo rcapouab1y naked to Eas-
tain with nil our endurance and fortitnde,
Unfortunately, Kx1LxY dooa not como
nlone. He always goes hand in hnnd with
lis 3.s5 currency bond. Ho will find some
high place in Chicago, and exhibit his balloon
to tho greatest number Of people ho can
gnthcr together. He will picture to them in
tho most vivid colorE the dosttution and
dcspair Of tho people Of Pennsylvania, pro-
tuced by an uItra high thrift, and then show
to his own satisfaction and to the ulyBtiGca-
ton Of cvsrybody elso that higher tariff ta1-
ation is necessary to redeem thom from pov-
erty. Having disposed Of this matter, he
will next proceed 10 chow that tho country
| WIZ visited with ono Of the worst panics aver
| experienced In America during q yupernhun-
dance Of irredaemahlo currency and the
highest tariff in tho world; md then
ho will toll his amazed heare.s that the
only remedy for this condition Of things
! is moro tariff and further and i11iMita-
| hla Issue of tho sau,e kind OF iHedeomablo cur
reuoy. This will lend him up naturally to his
favorito prescription Of tho3. G5 ourancy bonda.
These aro to be also irredoemnblc, that is,
they ara simply to DO interconyertiblc with ir-
rcdcenlable notes, Which IL the same thing.
It Ia precisely The Bame o. II Mr. KELLEY
should give hia grocer his i. O. u" for Sl0o
in exchange for household supplies, md, when
tho grocer should domand payment, he would
give him his nots drawing st per cont ol
interest In other lue-biils Of hia After 4
whila tho grocer might tire Of tho note, in
Which case Mr. KELLEY would kindly con
sent to make him another luo-biu for the
j amount and take up tho noto. In case tht
!. grocer should conclude, ycar or 80 later,
L that. upon tho whole, be would prefer 8!
). per cent noto to due-bill, Mr KELLEY woult
j. exchange again without charging tho groca
o anything for hln trouble. In this way, Mr
/ KELLEY would consent 10 tha convertibility
g. thu ro-converibility. and the intsr-oonvest
:. ibility Of notes and due-billa Is long a. tn
II grocer could stand il AL this might ba vel
m enough for MI. KELLEY, but we fear it uoul
=. bring tha grocer 10 bankruptcy 1t KE11x
4 were good customer with tl,s sort OF pay.
It must b remembered TINT Mr. KELLEY
= proposed 3.G5 scrip bonda are 10 be sold fo
- grcenbacks, redeemed in geenbacka at th
- option Of the holder, aud the interest paid /
areeubncks. Thero Is to be no real money /
the operation whatever. It is only exchanI
ing one kind OF evidence ot indebtedness t,
another, There IL already bond OF = ve'
y similar nature In existence It is the 81
= currency bond Of the District Of columbi
It issued for the purpose Ut taking up and fun
4. inn the miscellaneous floating debt OF t
r. District, aud guaranteed by the Goyernme
pr Of tho United Suites. This guarantee CIV
I'd It the value Of Government bond, and
IT negotiable valuo Of tbs District SEC SCI
es bonds will givo fair idea Of the aomat
Il. vAlus which Mr. Kkl1IT's 3.65 Cover
ct 1nent scip would have. It has never be
lot possible, ~ We understand, To get moro tn
10 60 or ~ oonts in tToanhacEa for tbs Dlstr
1t, bonds, bearing 8.Ga intezu3t in greonbocl
II ri T.. j.