The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1876-08-13


ing, would lose all character for hon.
csty', Gid his oifer OF new promise
and his profession TO the value Of the
old promise would alike provoke dc.
riSion.
RESULTS OF REPUBLICAN, PROMISES.
Tho st. Louis platform dcnounces
The talluro for eleven wears to make
good tho promises of legnl-tendcr
notes; denounccs tho omission to ne
cumulate any reserve for their re-
sumption; den0unccs tho conduct
which, during eleven years Of peace.
has made no advance towards re-.
sumption; but, instead, has obstruct-
cd resumption by wasting our re-
sources and exhausting all our sur
plus income, und while protestant to
intend speedily to resume specie pay
ments has annually enacted fresh
hindranccs thereto; and having first
denounced the harrenne.s of tho
promise of q day of resumption, it
next dcnounces that barren promise
as hindrance to resumption. 1t
then demands its repeal and also do
mands the establishment of Il Judi
cious system Of preparation for re-
sumption. 1t cannot be doubted that
the substitution Of IL system OF prepa-
ration without Il promise Of Il day
the worthless promise Of day with
ont n System Of prcparntion-would
be the gain Of tho substance Of re-
sumption i'll exchange for its shadow.
Nor Is its dcnunciation unmcritGd Of
That Improvidonco which in eleven
years since tho peace has consumed
Sl,0OO, 900, 900 and yet could not afford
10 give the people sound and staple
currency. Two and II half per cent,
OH the expenditures Of these eleven
years or less would have provided all
the additional coin needful TO re-
sumption. Tho distress now felt by
the people i'll ell their business and
industries, though it has its principal
cause i'll the enormous waste OF capi.
tai occasioned by the false policies of
our Government, has been greatly
aggravated by tho mismnnngcmcnt of
the currency. Uncertainty is Il pro.
life parent Of mischicfs in all bust.
ness, and never were its evils more
felt than now. Men do nothing DO
cause they are unable TO make any
calculations OH which they can safely
rely. They undertake nothing be-
cause they are at loss III everything
they would attempt. They stop and
wish. The merchant dare not buy
Tor tho future consumption Of his Gus
toners. The manufacturer dare not
make fabrics which may not refund
his outlay he shuts his factory and
discharges his workmcn. Capitalists
cannot lend OH security they consider
safe, and their funds lie almost with
out interest. Men Of enterprise, who
have creditors TO pledge. will not
borrow. Consumption has fallen
below the natural limits of reasonable
economy. The prices of many things
are under tho range Of frugal specie
paying times before the late civil
war. Vast masses OF currency lie in
hands unused. 4 year and Il half
ago legal tenders were at their largest
| volume, and So, 100000. since re.
tired, have hcen replaced by fresh
issues Of 500, 900, 900 OF bank notes.
In the meantime, banks have been
surrendering nbont $1,000 900 n
month because they cnunot find
| profitable uao for so many Of their
bank notes. Tho pubiic mind will
no longer accept shams it has Suf-
fcred enough from illusions. An in
sincere policy increases uncertainty.
The peoplo need to know that the
| Government Is moving in the dirGc.
ton of ultimate safety and prosperity
and that it IS doing so through, prn.
dent and saIc conservative methods,
| which will DO sure To- iniiicL no ncw
sacrifice on The business OF the
country, and then The inspiration OF
u new hope and wcll-fonndcd conf
| dcncn will hasten tho restoring pro.
cess Of nature, and prosperity will
| begin 20 return.
a SYSTEM or PREPARATIONS.
Tho st. Louis Convention con
| cludrl its impression in regard TO
currency hy declaration Of iia con
yiction3 ~ to the practical results of
Hsystom of preparations. WobeliUyO
such system well devised, and
above all, intrustcd TO competent
hands for execution creating Mt no
time an artificial scarcity Of currency,
and ut no time alarming tho public
mind into q withdrawal Of that vnstcr
machinery Of credit by which ninety
five per cent. of all business trans-
actions are performed systcm open
To the public aud inspiring general
cOniidcnCc-wOuld from tho day Of
it3 adoption bring healing on it's
wings to MI our harTasscd industries,
| set i'll motion The wheels Of commerce
and manufacturers and mechanical
arts, restore employment To labor,
and renew in It's natural resources
tho prosperity Of the people. Tho
! Government Of the United States, in
my opinion, can advance 10 rCsump-
ton Of specie payment on its legal
tender notes by u gradual and aafc
process tending to relieve present
business distress. IF charged by tho
people with tho administration OF tho
Executive Department., | should
deem il my duty so 10 exercise tho
power with which it has been or may
10 invested Ivy Congress- NJ best and
soonest to reach that bcnciiciCnt re.
suit.
CIvfh SERVICE REFORM.
Tie Convention Justly allirmB that
reform is TsGcsMry in tho Civil Ser
yicc - necessary to lis publication,
necessary to It's eco nnmy and eli.
cheney, necessary in order that 0rdi.
nnsy employment III public business
may not be II prizo to DO fought for