Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1876-08-11


= day spending all he could lay his hands o
a IN riotous living, would lose all eharacte
Y Tor honesty and veracity. His offer of
5 new promise or his professions as to tn
/ value OF an old promise would alike pro
woke derision.
THE ST. LOUIS PLATFORM
denounces the failure for eleven years Il
make good the promise of the legal tende
notes. lt denounces the omission to accu
mulate ANY reserve for their redemption ,
Ii denounces the conduct " which during
eleven years of peace has made no advance
towards resumption, no preparations fol
resumption, but instead has obstrueted re-
sumption by wasting our resources and ex-
haustlng all our surplus income, and while
protesting to intend speedy return to specie
payment has annually enacted fresh hin
ORANGES thereto" And having first de-
nounced the barrenness Of the promise OF
the day OF resumption it next denounces
that barren promise as a 4" hlndrance to re
sumption" IL then demand its repeal ard
also demands the establishment of Judi
eious system of preparation" for resump-
ton. Ii cannot be doubted that the substi-
tuition OF " system OF preparation with
out promise Of day for the worthless pro-
mise Oh day without "a system OF prcpara-
! resumption in Exchange for its shadow.
Nor IS denunciatiOn unmerited of that i'm
| providence which in eleven years nee the
| peace has consumed 800 millions Of dol
lars and yet could not afford to give the
people sound and stable currency. Two
and bali per cent on the expenditures Of
these eleven years or even less would have
provided Tor the additional coin neediu to
resumption. The distress now felt BY the
people IN all their business ard interests,
though 1t has its principal cause in the
enormous waste OF capital occasloned by
the ialSe policies Of our government, mas
been greatly aggravated by the
MIsWANACDENr Oh THE CURRENCY.
Uncertainty is prolific source Of mischief
IN all business. Never were its evils more
ielt than Row. Men DO nothing. because
they are unable to make any calculation on
which they can safely rely They under
tlke nothing, because they fear loss. Ia
everything they would attempt they Stop
anu wait. The merchants darc- promise
nothing Tor the future consumption Of his
customers. The manufacturer darcs not
make fabrics which may not realize his out
lay. lie shuts his factory and discharges
his workmen. Capitalists cannot lend on
security they consider safe. and their funds
he almost without interest. Men of enter
PRISE who hayc credit or security to pledge
Will not borrow. Consumption has fallen
below the natural limits Of reasonable econ
omy. The prices Of many things are under
their range IN ~pecie-payins times before
Tue civil war. Na-. masses OF currency he
IN banks unused. \ year and q half ago
legal tenders were Mt their largest volume
and the twelve millions since issued have
been retircd-have been replaced by fresh
issues OF fifteen millions of bank notes In f.
the meantime the banks have been .urreu- .
derlng about four millions a month. because /.
they cannot find profitable use for 50 many .
OF their NOTES. The public sminl Will no I
longer accept >ham~. II has Suiere! /.
enough from Illusions. An in~inccre policy I
Increases distress, An unstable policy in- /
crease- uncertainty. The people need 10
know that the government is moving IN the .
direction 0t ultimate safety. and that 10 j. +
doing 50 through prudent. safe and cunscc-
utive methods. which Will be sure to iuhict /
NJ new sacrifice on the hu-inc>- a the I
country Then the iuspintlnoi new hope
ami we.i-iluntcd confidence will be added .
10 the restoring processes 0t nature. and .
prosperity Will begin 70 return. iho 81
Louis convention conclude, it, expression
IN reg .rd 10 the currency hy "a declaration
OF ITS convictions a- 70 the practical results
OF the system Of preparation 1t demands Il
says We believe such system Will be
devised and ah,vc all crtr,-r5f t,.,,r,,..-
tcnt hands g. cvs.,,-i,,, ,-,,,;,,.. 30
timo an a-tif,iai s,ar.i,,. - -. al
al mn ti1pe ,,I,r,n;,,, ,bc ,-nli;. ,.-,,'i' o..
withdrawal M th,f r9., bir,r, ~ ..-cl.,
by which ninety five per cent ot all hu-i-
ness transactions are periormoi-o system
open 60 the uuhi'c, inspiring general tru-
,!,n,-. wauId lr.,, the i4v oi it- adaptian
hr.u.r ac,lio- on IFS wino- to orr b,ras-eI
industries. vt IN motion the wheel, of COM
mere, manufactures ant the rIerbani,I
i.rt- restore employmcnt n labor ami re-
nov, iu aid i-- natural sl..r,.- ts, p-,-perity
the pcou.r.-
The government of the nittI States in
my anIntap can advance r. the resuruution
4 .r...i, ptyfurnt- an its c.raItfnier fo r.
lave ttr rrcSsnr lu-inp~- distress II I
CHARGED hv the people with the aaiaini>:rl-
tlan of ihe executive sfI.c. should deem
il ,ny lsfy -at, exercise the paw,r with
u.I-s II has L.an or may be invested Ly
t.n..re-- as host and soonest t,.c.ndurt the
c.urt4v % that bcucftrI rs~slt
CIVIL SERVICE REBORN
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tbaic,ina. r iio non,,Ic i, indne irt1cnr.
- =. - " '''N FeVl.'e ~ - -.
aticalIy collected from the salaries or fses
of olice-holders The official class. in other
countries sometimcs nv its own weigbt and
sometimes in alliance with the army. has
bcrn ahle Tn rule orqauiz,d masses. even m
der universal suffrage. Here it has already
grown into a gigantic mower. capable Of
Sitting the inspirations of sound public
ppinion and of resisting an easy change
nj administration until misgovern-
ment becomes intolcrable. and pub
Iic spirit has been stnnr to the
mitch of civil revolution. The fr-t
stem in reform Is the elevation of the
standard by whlcl the appointing power