The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-03-24
IIIl0 10 spatfh.'
FRIDAY S. i. ]. I. IS. MARCH u, 1878,
,About Resumption.

< 2hAGA1 ssss sts.t = - :
:=----.-.
About Resumption.
Situm,fd and eirenmslaEced as the country
4 he, the Penpsylsania Democrats but state the
simple truth whea they declare shss = re-
sumption 10 Jsnuarv, ls7e. is Impossible"
/ The resolution Of The Government 10 resume
at that lime but produces 6 condition OF bnsi-
mess and OF public feeling that will make re-
Sumption then impossible. \ II ID 10 effect an
order for rapid I. contraction " as irresistible
as IL entoresd by military power.
III The Government would repeal the order
for resumption aud make the national cur
scncy entirely honest by making u receivable
Ter ait dues TO the Government, Conscience
Z wo,sld III once be restored and the premium
on gold would fall to q merely nominal rate
hy the cessation Of the only demand for Ii !:
! shss to pay 4dnties ION imporsstions. We
should have 9 restored oons dence, renewed
activity Ia business, revival Of the enter.
prsses that are necessary to a, country OF CON.
ztinued growth sbdt Improvement hike this.
We should, indeed, have commercial peace,
entire solyeocy Of money, and general
Brightness and prosperity. - 8
And why can't this be Sdones 1t is be.
cause of the obduracy and sordidness Of the
noney.power Of the land which has found
its approaches to the National Administers
tion and the. corrupn party leaders Of the
vicious party whichhas for years controlled
this land. These greedy moneyed men have
SET their desires upon renewed opportunities
60 "coruer" The people by enhancing the
value OF money and reducing The value OF
property under pressure aud financial dis
tress. They see these opportunities will be
abundant under forced contraction and pre-.
mature resumption, and that Is what they
seek. Their money has biased the elections
and reached the very heart Of government
that institution os:ensibly for the protection
and welfare Of the people, but which IL
now employed for the purpose OF expressing
them, ADD, indeed, but Increasing the gains
OF those who profit By public distress for the
purpose OF /" making the rich richer and the
poor poorer - - : -. -, :.
Whist pretext have these :" Gradgrinds" for
their policy? Nons whatever. The nation
has the best and most solvent paper currency
/ it ever had. With aylylng effrontery unsur-
passed, these 80. called hard-money men pro-
nonnce 1t '.dishonest." It is they whs are
dishonest, rot the obligations issued and
4 guaranteed by the people-obligations which
in one or more fo:ml they will to-day pay.
mere for than they viii for gold. And yet
sill these obligations are equally honest
equally reliable. a.
What pretext have they for calling that
= partof the people who demonstrate against
! prt n4tue resumption, and beg for q little
!. time ard, sest. for the citizen, repndiators
Few cal! for the issue OF more paper than is
: allowed BY he law at ibis time; and those
wac do csli Tor tne Issue Of more paper call
for eatYsthIt klud for which the national
honor ard property are pledged. Does that
81 any sense L Ike :hem dishonest or Ore
: puGiators Can IL be tortured into the
Intention 60 "Jepudiata "s But there are
few 81 This c!sss--v very few. The great BODY
Oh the people, who oppose the fixing Of the
day for resumption, and its consequent con-
lraeNoa aud parsissis OF business aud enter
prize, ask sor no more paper, They ask only
quiet and free circulation for what there Is
already. without the fear Of anotherare.
s1mptlon panic With its widespread shrink
age OF ne value OF property and the ruin Of
niuitituGes Of people: "a.
People who are innoeent-rho have been
thu victims OF The schemes and specula:iops
aud GaQds Of Me "immediste resumption
ists," and who z9 to be again plunged into
asea 81 troubles and cmbarrassmenss if the
policy Of those :. immediate resunptionlsts
Is forced upon the country
And Jet cree not how the presumption
order is to he repealed. The euds OF party
and the scaem,ng for the presidency so per-
plex the legislation OF the aation this yesr
That IL seems s.most impossible to do sns-
thing. There are SO many shades OF opinion,
SO cuch timidiiy shout being responsible
for suSthing, that the f.tscurvy politicians Z"
OF Congress will 'eVade the subject. 1t Is
likely the aountry will have TO endure with
:. ah-possibie pa fence great national injury
while tbs land goes through the storm Of the
presidential election. The recent vote In the
House OF Representatives upon the PROPOSE
ton 10 take up the subject showed pretty
clearly the absence Of anything like harmony
and concurrence Of views such as would be
Z necessary to repeal the " resumption " act, or
Z indeed TO pass any currency measure that
would DO Of any utility. The presidential
craze ut61s such statesmen az now sojourn
at Washington for maturing any hing that lis
good or wise.
Conkting-The South. =
Our readers have seen what the Syracuse
Convention has done for Coe,YLINn., It has