Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1876-12-07
TIRE CURRENCY.

Since election We have seen little in
print about the question Of currency re-
form. The present 10 not . good time to
bs silent regarding this matter Congress
10 in session again, and it 10 to that body
that the country must look for whatever
means Of relief may come ~ it by the
adoption of . judicious money policy
The gold basis" so much talked about
10 . financial hcresy, and return to
'.specie payment is no less inpolitic than
II 10 impossible. All values are now al
jus,ed to the present currency, regarded
- having paying capacity equal to ito
dsnominatioaal representation, and any
transition from the greenback standard to
. basis represented by gold at ito present
price, would involve loss to all property
holders equal 10 the premium at which
gold may At the time Of the change be
held IN the market. If made now, the
change Of bases would cost to the labor
and the industry Of the country not less
than one.seven,h part Of its gross value.
That sum taken from the channels Of bust"
ness and locked up IN the vaults OF capital
i.ts, would paralyze the energies OF the
nation and push her back along the line
Of progress At least decade, leaving her
crippled and discouraged to commence
anew the march in the face Of obstacles,
which if not wholly insurmountable,
would be q constant embarrassment.
What We need to-day is a paper currency
sufficiently elastic to meet the exegencies
Of business, and one which shall be re.
ceived by the government in discharge OF
oil it's claims Of whatever nature, Except
in fulAllmeut Of contracts already exist
ineO and which shall be made current and
be sustained in the markets Of the world
by The pledged faith of the nation.
To provide such q currency and to i'm.
part to it such character is the business
Of Congress-, and it is the duty Of all who
hold sentiments in common with those
here expressed to present them to the con-
alteration Of Congress. The several
members represent given districts Of ter
s,tory, and each Of these feels under obi
cations to represent fairly the views Of his
constituency, hence it u duty to let the
members know our opinions. If there is
in this nation, As we firmly believe, a ma
jority Of the intelligent thinking people IN
favor Of what il known as the "grcen-
back SYSTEM" they can, if they will,
secure such modification of the present
plan - will meet their views, but they
must be persistent and energetic in press
ing those views upon Congress, for the
money power 10 one which never rests nor
ceases watching. It Is exacting anu az
eressive, bold and defiant, and never
capitrla:es without struggle, nor is it
discouraged hY asingle defeat. Any man
or any community undertaking 10 contend
with IL needs to be clad in triple nail and
10 be endowed with more than Spartan
courage, otherwise ,guominious defeat is
inevitable. We hope therefore that our
brethren Of The press everywhere, who
have hitherto done service IN this cause
will keep their armor on and continue the
conflict while they last, and thus make
uannibals Of those who come after them
10 carry on the good work. This country
needs, and must have, a currency REFORM"
and it 10 for the people to decide whether
it shall come soon, and with comparative
ease, or be deferred for \ Heightened
period, and be achieved finally only by
the most desperate struggle. Friends,
which shall II be?