The New Orleans Democrat., 1876-03-05
Washington News.
THE CURRENCY QUESTION: NEW WAY ,
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THE CURRENCY QUESTION NEW WAY TO
/ SOLVE THE PROBLEM.
The currency problem is one of the
most absorbing questions ut present
agitated at the Capital Some observers
have come to the conviction that al
though no further imitation OF the cur
rency is to be dreaded, yet no positive
| legislation restoring specie standard is
to be expected. A new plan to solve the
problem Is to bring the whole
matter once more before the
~. .f SUPREME COURT,
upon new Issue that has not yet been
passed upon. The court has determined
that the issue Of the legal tender note
was lawful i'm time of war to meet the
exigencios OF tho war, but the original
act provides that they shall only be re-
issued while the oxlgency remains in
force. .t Ms#+ l'.f 'T5ut-
It is hold that the exigency was the
necessity OF collecting o forced loan,
and that when a legal tender note Is re-
turned to tho Treasury in liquidation OF
a tax it has ended its function that In
being returned to the Treasury for such
o tax 1t conveyed to the government q
title to the thing borrowed by it's iss',e
In the Treasury it Ia therefore not
money, but only evidence OF q debt paid
as much as n receipted bill. Jf reissued
1t works the collection of n new forced
loan In time Of peace when no exigency
exists, and 1t Is insisted that such reis-
sue Is unlawful upon the very reasoning
by which the court justified the original
issue in time Of war. ...... ....... IA
It Is believed that the politicians Of oil
a. ho IN
courts could take this question out OF
their way, and that the common sense
Of the people would support the Su-
preme Court in % decision that would
forever bar the use Of irredeemable gov
ernment notes in time OF peace and
plenty. IL il not improbable that the
question may be brought before the Su
preme Court very soon by the refusal by
citizens TO receive IN payment Of q debt
the Treasury, and bearing q date which Is
itself sufficient evidence that they were
Issued since the exigency for which they
were allowed has ceased.
THE TRANSFER or THE INDIAN BUREAU.
Strong efforts are being made to pro-
vent the transfer of the Indian Bureau
to tho War Department and the opposi-
ton brings forth most unexpected alli- |
ances, so-called philanthropists being
closely united with post traders and
contractors in efforts to quietly create
IN Indian Bureau, partly amenable to
the War Department, partly to the In
terror Department and partly to no.
body. sl H g.
The necessity OF the transfer Is &C
by all who arc the least
with Indian affairs, and 1t Is
hoped that Gen. Grant will bring his
potent influence to the help Of this re-
form when the time comes, as he urged
1t in the first year Of his administration.
ARMY REDUCTION.
There will be some opposition, partic-
ularly among border men, to any con-
siderable reduction Of the army, and in
the Senate General Logan will oppose
to abolish the recruiting
service may be fayorably received.
There Is suggestion here that
In Arizona and other border re-
gions it might be well to enlist In
Llians in the regular service. They are
already fed and clothed by the Govern
ment, and 1t is believed they would
make excellent troops, snnd would i'm
bibe more civilization under the strict
discipline OF inc 1mllltaly lie IMAM tney
do living idly In their camps under in
and, too often, rascally In
1ian agents. t..t,s,
Mr.. Randall means to urge very con-
siderable economies in the management
81 the army, and hopes to make large
savings even with but slight reductions
,f the rank and file. General Logan
urges q consolidation of the Commits
5nry, Quartcrmaster's Ordnance and
Pay departments OF the army as q
measure of economy.