, 1876-03-08

]
tl.irty-ycar bond benring NJ per cont interest,
which thoy will glad1y accopt, to such MI OK
| tent rs will, by tho reduction Of tho amount
in circulation, ntlvnnco tho remainder of tho
grecnbacks towards par. This would DO n
| roturn to tho original contract, tho change
Of which Mr.. SHERMAN 30 earnestly bowails.
But this is not the cnd sought by tho
school Of statesmen To which Mr.. SngRMAN
belongs. Fifteon yoara ago Mr. SHERMAN
and othoss engaged in n policy Of legislation
by which tho prices Of everything mannfac-
tured-" stocks on iianl "-woro from tfme to
timo advanced from 10 to 20 per cent.
During tho supremacy of TINT policy thore
were so,no fourteen to sixteen acts Of this
kind, moro or less general, and cacl, time tho
country wns robbed for tho profit Of tho few.
This policy, howovor, reached limit; the
annual cxtortions could bo carried 10 further,
mud then carno tlosolation.
This whole ittcn that greonbacks mlat bo
redeemed in coin or not ut ail Is hut nuothcr
job Of the same kind. Tho country must DO
taxed TO buy gold with grconbacks, and tho
gold laid away until there is enough to pny
it out agAin in exchange for tho groenbacks.
Tho Eastern States havn thoir money invested
nil over tho country in contracts payable In
rapor. THAT paper rnnges from 81 to 8s
conts on tho dollar. They want no gradual
appreciation Of tho paper value they want
gold piled up until tho grcenbacRs shalt
jump from 85 to 100 conts, and their
CREDITS aud mortgages advanced u to 18
per cont. It is lko tho old tariff
swinales. It Is m attempt to add it
to IL per cont to the vGlno Of the q. .oo9 c2a,-
900 Of polsoual mud corporate Indebtedness
in tho country now. Mr.. SHERMAN rejects tho
policy Of fixing tlay when groonbacks alaall
ceaso to DO legal-tendor for new contracts;
aud offering low interest bond in exchange
for tho no longer needed lcgal-tonders. This
would extort nothing; it would not rob any.
body; would add nothing to tho valuo Of tho
present debta; would not bo class legislation !;
and therefore it is wholly Objectionable to
statesmen Of tho SHERMAN school, who think
the Office Of Legislation is to ptuuder the
many for tho bencf1t Of tho few.
/ --.@.-~.....s-@.-
THE CRIMINAL AND PA UPER CLAs5E3.
| 10 prevent crimo and to doviso remedy
for panperism is problem which tho best
and tho wiscst of mankind have hitherto boon
unable to solve. It has been claimed that tho
education Of tho masses would lessen the
tendency to crime but, unless tho moral
nature DO properly developed, experience has
shown that nero intellectual training may
simply throw upon tho community oil expert
in villainy. As to pauporism, public md cer-
tain provision for the poor, simply because
they are poor, 10 the worst system, both for
tho poor md for the public, TINT coil pos
sibly be adopted. It iucronsos directly and
immensely tho OWLS. It is inteudcd to re-
lieve and to correct. Craftsmanship md
philanthropy, both in England and In
this country, hayo for generations exhauBt-
cd all efforts to lessen poverty and
crime, but, in spite Of NIL that eau DO done,
they seem to bo steadily Oh the increass
Nowhere else Aavo all tho powers and tho up,
plinnccs Of our modern civilization to restrain
tho criminal and benefit tho pauper classes
been more encryotica1ly o1erted than in tht
State Of Massachusetts,; and yot the Hon. Srp
NEr AapnEws, sccretary Of tho Board Of Statt
Charities, in his Inst report, mikes tho fol
lowing discouraging statements:
Tho most Significant fact appcsEius IN tho pfeeeu
VI soaa ,a.aa,aa. 49, tn. n a o"F
aro fu TLo ststo Prison and tlo aroacr part Of II,
county prisons crowded beyond their cell capacity
tho Stae reform School begs that tho number OF II.
aSs nay nos ne s nn ,n0 ona o.
patients t tho lunto hospitals who cannot DO proytd
I'd for tho officers In charge; who tic aceom,noa
lions Of tho State Iaupar eatao shneass e'en befoFt
ron. an =. ,u"s :, .S.s a,,, ~ IN =, .ns ,o ~" ' 1
nanlsy prl crime gain erour in spite Of What Is ,,au,
to tho mud check tho other. mud tho datrcs
Of poverty Is Sharper aud more widely spFead tlan q
s 'r;a 'n !; @ a,ra,,, ~. A aoa aons;i;o,, ,aa;
Ill at,.a ~ Mnssoo.'nsot.s a,,,a ,ro,'1 ~ ,'s, ~