The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1876-06-01

needed TO meet the business necessities OF
country. Again, 1t is comparatively easy
10 arrive at the amount OF gold and silver
which may be relied on as ore Of the eie-
laents In this volumn. And the difference
betSeen the precious metals, and the
amount needed viii determine the issue of
paper money needed TO transact the busi-
ness. On the question how This issue may
be supplied wide difference OF opinion
NAV exist. One thing is ertain, that it is
the duty of Congress 10 see that this want
OF the people is supplied in the best posi-
bic way, and it is the duty OF Congress 10
determine what portion of this volumn Of
money needed, shall rest on the power, the
credit and the resources OF the country, in
GLIDING Its gold and silver. Ii it can sus-
tain the entire amount Of paper money
needed, then let the national banking law
be repealed. Buff the resources OF the ma
ton can only meet and sustain our issue Of
$3.50, Coz, 600 now Issued, then let the re-
sumption act, with all the appliances, for
gradual contraction be at once and forever
Withdrawn. And thus let all know what is
to be the policy and the government on
this vital question.
II the United States can carry vast
bonded debt, and so nearly appreciate her
$3.50, OO0, 900, greenback and fractional cur
rency to gold. at the very hour she is
throwing discredit on her own paper by re-
fusing to accept it for duties on imports,
surely, it must be time that, under a wise
and stable system, she can safely furnish
the people with large portion, if not all,
of our circulating medium. What is most
needed, il implicit confidence in the monied
securities of the country. This cannot be
attained until the Government puts forth
its power and determines the volume OF pa
per money necessary for the business inter
ests 1t cannot be attained while war on
our non-interest caring debt, in the shape
OF greenbacks, is permitted on the floor OF
Congress. Nor can confidence be reached
while We discredit our own money. Nor
shall we be able TO remove grave doubts
from our money, and bring it to p r value,
so long as we allow the monied institutions
of the country to control this most delicate
question. 1t is this power that has dis
turbed values; passed the resumption act,
in the interest Of contraction, and that has
precipitated the country into thousand
evils.
Who is il that howls cir hation," and the
"rag baby Z" l. it not the hireling OF this
new king, who is doing all he can to plunge
the country into the suicidal policy of con-
traction? We do not ask for imitation.
We wo I'D not, if we could, see the Govern
meut issue one dollar Of greenbacks which
it cannot redeem in reasonable time. But
We do ask that the war on the peoples
money shall cease, and that Congress shall
at once repeal the resumption act and put
an end to the attempt TO further continue
the contraction policy. And We ask that
the two great political parties seeking con-
troll Of the Government shall, without am
biguity or evasion, inscribe on their banners
and in their platforms the policy they pro-
pose 10 pursue on this living issue-the
currency question. Yours,
s. ID. HousToN,