The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-01-27
Resumption without Coin!

The Cincinnati Times has the reputa-
ton of being edited by gentlemen who
have never yet been subjected to an
inquest OF lunacy. A perusaI OF their
article entitled "Morrison's PILL" in the
Times OF Tuesday, might suggest to pru-
dent men that proceedings for such an
inquest ought not to be long delayed.
And ON such inquest, we feel no hesita-
tion in saying that our clear-headed Pro-
bate Judge Matson would receive in evil
dence the article in question as priaao
facie proof of mental imbecility, and
would order guardianship over them
for their own good.
The Times writer's rush into the arena
of finance, having their necks clothed
with sheet-iron thunder, and fall to paw
ing up the saw-dust in such clouds as
even to obscure themselves from CON-
mon observation. With infinite vehe-
mence and very little wisdom, they de-
nounce the plan proposed for resump-
ton by the accumulation OF coin Gs a
preparatory step for that purpose. They
declaim, with all the frenzied utterances
of lunacy, against, what they call, "the
boarding of coin in the Treasury" and
with eye-balls rolling in horror they
point to the infinite mischief that will
overwhelm the country by Withdrawing
so much coin from circulation, and clock
Ing it up' from the uses of the people.
Now, will those declamatory editors
he persuaded to calm their commissions
tor a moment, and in that lucid interval,
nationally consider these two PROPOSE.
hons:--frst, Does coin now constitute
any part OF the circulating medium of
the country for business purposes?-and
if 1t does not, then kindly condescend
10 iaform us how boarding it up in the
Treasury can possibly Withdraw it from
cireuIation2 That is one little conun-
drum. The second is,-By what means,
conceivable by the wit or wisdom OF
man, can resumption ever be reached
without "hoarding" our coin preparatory
10 that end?
1t Is well known that mental aberra-
tiens generally take on some peculiar
feature that gives character to the mania
itself. The lunacy of the Times plainly
inclines to the insane belief that resump-
tion can be effected without coin; that
Congress has only to pass law declar-
ing resumption to be fact, and it
thereby becomes fact, coin or no coin.
This wildness is worthy of the mad.
house. To say that we must not take
measures to accumulate coin prepara-
tory to resumption, is to say that we
will never resume.
And, il their lucid interval can possi-
bly, be SO far prolonged as to admit OF it,
we would sympathlzingly ask the Times
writer's to read, and inwardly digest,
what Congressman Phelps OF Connecti-
cut wrote to the Currency Club of New
Haven concerning his vote for the re-
peal of Sherman's Resumption law. lie
said:
"No man in Congress supposes resumption
can safely take place at the time now indicated
by law, BECAUSE NO PREPARATIONS ARE MADE,
OR ARE BEING MADE, WHICH NECESSARILY LEAD
~ Ii, AIN IOr Te5uulptioh as 5OOH 10 ny
PROPER PREPARATORY MEASURES it can be ac-
oomplished with safety to the business inter-
ests Of the country; but see no proprlety in
baving fxed an arbitrary aud impossible time
which operates as a standing menace to SO
many men who are struggling under the en-
barrassments arising from the paralyzed con-
dition OF the industrial interests of the coun-
try"
And yet the Times writers, with a
vehemence significant of being 'tchock
inll of wrath and cabbage" denounce
the idea of taking ''proper preparatory
measures" leading to a safe and sound
resumption; and stand seli-convicted of
lunacy by maintaining that resumption
can be made to come without coin, or
without the necessary preparatory
measures for securing coin. Let the
commission oflunacy be issued.
Our Forests.
.G1