Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-02-22
RESI- MPTION.

sues OF tho approaching fresiuehtiai
campaign, will be the much vexed
question OF resumption. The Dem
ocrats are already beginning their
fight in the House for the repeal oil
the Act of Congress, fixing Jan. !,
1879, as the time fixed for resuming
specie payment. They argue, to
successfully execute this policy, Will
require such contraction OF the
currency that business throughout
the United States will be deranged,
banks suspended, commercial fall
ures and general stagnation OF
business follows, instead of the
hoped for prosperity. They assert
no particular time should be liked
by law for this important event, but
the increased prosperity of the coun-
try should alone denominate the
time. The Democrats further claim
that the financial history OF the
country shows that heretofore, re-
sumption of specie payment after
periods of suspension did not cause
a revival of business, but on the con-
trary, the assumptions generally
followed the revival as an effect.
These are the main points on which
the Republicans and Democrats diff
fer, and they (the Republicans will
of course resist the repeating Of the
act; but being in the minority, will
probably be beaten in the House,
but through the influence OF Mr..
Bristow, IL he shall then be at the
head of the Treasury Department,
tho Senate will probably defeat the
measure and thus it will enter into
the Presi dental campaign. We
think upon this question the Re-
publicans occupy the most logical
grounds. We thin; the increased
yield OF gold and more especially
silver, justifies the resumption at the
time specified by the act, and that 1t
will no. be attended by any unusual
stagnation or depression in CONNER
cial circles. We also fail to discover
where history sustains the Demo-
Gratis in their arguments. Previous
to the rebellion We had two general
and three partial suspensions OF
specie payments. The first was In
1914, during the war with Great
Britain, during which for time The
Government could get no coin and
had to rely upon paper. This really
lasted until 1917, and two years later
occurred the memorable crisis, 1919.
The u. s. Bank with its numerous
branches and its fiiful starts OF ex-
mansion and contraction, was re-
parded as the fruitful source of most
Of the financial calamiIies OF that
epoch. Most Of these are exceptional
cases no. liable to occur again
when we take into consideration
our immense commercial, agf'cui'
tural and mineral resources. On
this Coast, owing to the enormous
production of the precious metals,
this Is really an important question
with us, more so when 1t is calcutta
ted that the yield Of Nevada and
California in gold and silver is equal
to the rest Of the world. In 1875 the
latter State gave to the world $780,
10000, Nevada gave $40,479,369
making q total for these two States o
$3.50, ATS, 1859. This without any in
crease will In four years-the datt
fixed for resumption, lacking one
month - amount to S52l,9l7,476
That our State will this year return
about $50, Ooe, 900 is admitted, while
California and the Territories will
naturally increase with greater IA
cilities and deeper explorations. The
increase during the last ten years
has beer so rapid and the promise
for q continuation in the future sc
hopeful, that no good reason can bt
entertained regarding the postpone
ment OF resumption fixed by law
Our yield, 1t Is assured, will within
that time be double what it Is al
present. One mine alone--the Cali
(ornia--has, 1t il computed, over
AlOO. OOO. 900 In sight. The ore con
tanning larger percentage Of goie
than ever before known In silver
mine. We have not the space t'
give further statistics regarding thu
weld OF other sections of the coun
fry., but enough can be CLEANED from
the facts known to fully sustain III
in our faith that no depression Oh
starnation in business, no hnancia
crises and Inconvenience will result
from the realization Of the objects
intended by the Resumption Act.
The following letter from tn
Black Hills may serve to strengthen
our argument against premature
emigration to that country:
CUsTER CITY, Jan. 20.
DEAR -
This is the Devils own country.
II you have o grain OF charity IN