The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1877-11-23

m.i,sh progress. Under ti,es. mc"aas~
eonriasn,c viii cred aud those wh" lssi
labor 10 sell found cofisiarily iiimiu.
irhrg demand and rate OF wages Tor
their services.
"'Ihe resumption act wss fhc result of
party raHrus ana parliamenisr, tactics.
Had 'cbafcs heen permitted in either
house. i.le isNs ~ erred "a would hsve
been biopglt 10 the attention OF tlir
!rountrh. and the immense number yf
lri'.zrns 81 hn are already suffering from
tie Withdrawal of the many forms ~
certificates 0f national credit which had
been legal tender and held BY the banks
As part oi their reserve, would have
/ made themselves heard, and would. u
believe. have defeated Tie ineasure. To-
accomplish this. they had bnt to bring
10 the attention of senators and meme
bers the fact that the act proposed 10
lpIcdge the country 10 the payment In
gold. for silver had been demonciize I.
after the 1t of January. 1879, not only
grrcnbsrkr and bxnk no;cs. br' ~
debts. whether due rs 81" goveru'-s
siair-. municipalities. corporation
citizens. II Il lire tiai our naii ,nAl.
state aud corporate bonds. 80 w xe
hc.i hs iof.igner-. are MOI inc ani ".
lDandaDe .rpln the authority thai i.-
sued them. but !, Il equally irnr lhaf.
a. they iasy pe sold ~ .rir rnsrhsfe .rnt
the proceeds he drawn for III gold, they
are practically orer du.- fact whoa
IA ii-rll pso, IN llssi ihc pr0nirst nasion. /,
!: uNdnl, indebted 10 Foreigners, j. ihri
slave % ii- creditors.
The draft by he bank Of England of
:. ~ O. f...t
bank suspension suit financial crlsi. Oh
1857. anu !, csanct he believed that the.
people. re lnembcring The ftci. wOuis',
;.ayc permitted their representatives vi
subject them ie 80 fearful y liability "
Ills law inposes. Ia l. rnaryr.nsss that
lie banks sni bankers ol .I. eornir,
did not protest as.;nsi IL pass- n. LtesI
ile,.s over lwo thousand iils:sirs- ii IN
ro~i,~. every 0oilsr n: ~hicn laty y,
itaiieh for IN guild the day shis ifAa ~ 1t
in,o -firri- Whence arr The, "a f'isA
the god "a nsnEe 4 plausible SlAo. sE
'biiity 10 meet fnfsr Iiabiliit.~' s'ryn.s
lghe treasury. ~ ,eufs can the g0geta-! y!
,nrnt bols- 20 cbiain IL! Nj fsvio Eu-j
rope. for when ~ The crerstions ofihcI
Isvpd'caIe we were cn.i;ica ~ draw
k2l .uU,yOO Of gold We have j: upon 'hs
lauiaority .r Nj. B"utwrii. then sccrc-
liar, ~ tie irraturs. thst the bank oil
/ r.ng;snd ,nlrspo-ei and ;hrrsfcaei a.
dcsiruy thr tuxlisl, market for ourl
hunsi- II ':ia government din not pledge,
sifs.if 10 -r.ft1 from taking buiIi"h svl
lhe settlement ~ The chains. They siso
,uis, ~ fn<f when The sl5.5sarJ durl
under ih- general award wr.e 10 BE-
paid. The government of England. " II
| III .ixnrc ~ TIE bsNk, indnccd t.c s's'rl
drrzrimrnt 10 infcrrosc sr' rrcvrni
'ihc trrx-ury fresn demanding raymeutl
! ia srrordrnre with the sFly u n.
award because the Sb<trsrsirn fiMtn thel
markets Ut Europe az that -.fli s.s,sini
lof bullion would produce grn-r.
Iln-icial crisis. l'uf ~ IL u snllaslz-
Iia.4c cAsnpics, the Lars.on Tines has.
within \ y rrk. annptii,.rd TIC qaHslirnl
ns 80 vhciier lie ptoc cdS ~ thr pfA
.in.~cl $50 600 l,tiisn loau sis. hf a..
ported in .old o. aish'.r~ei w Aeue 10
~, ni.n, ol Indian debts. y fl,rs;i>ins N
pc. iurhasina IA the market. Need Il III
view 90 th. pesiy amount of gpii held
by tie treasury and Janks. 10 further 10
pray. that rr>un.p irl oa ti4c appointed
dx, i Impossible? /?
"'lht French method of approaching
resumption IA Ia strange contrast with
oura. licrs HAS been ~ Keep all her
people employed in converting the
raw materials -tr rSu produce into
runmaii IT, Nish whirt 10 purchase bull
lion: while ours continues 10 bc 10 de-
. prive labor OF fc.nuneralivc wages or of
employment, and 10 thus contract the
abisi,s az tho labvrcrs To maintain our
, hOuass mark ~ for AGRICULTURAL aflt} ssfhgr
. products. Had the Frcnc' gsverumnnt
. pursued our method II would have III
vokcd revolution. Tie laborcr- NJ many
, of our industrial ccntrrs are idle, i'm
poycrished. discon,cnied; the assessed
. value uf real estate in our citirs di,nin-
ikhcs spnual!y; our imports fall ulr 10
|, such an exicn; thsf = large increase IN
: quantity III exports. hr, which Il hardly
srprciMhle whcn measured hv ihr ~.
duccd rricss ~ uhcl' tt.y ars soii
shows la,ge balance ~ trade in onr
favor. aud cnr capitalists. except those
whose inyetIncnfs arc IN hank storks.
or who deal in government seeuiisis~
are paving their iaNes. nalionAi. s.4ic
I. AMI local. out ~ their principal. and not,
a. taxes should hn paii. oul N theirrur
!. rcr, profits. >urn n~ are The imcviin
\ lblc .ss..l's fcfctnld hy saraciuns men
ot ouraicmp, 10 rca~h specie payments
M, contracting volume " legal tcndel
I which was, III 'hc niain, actively, Icgiti.
matelv ard prnIifahlv employed.
n, .Ain his recent letter ~ the president
4 Henry z. CAy nnly saia;
= ..Our people havc M rhc short spac,
A of thirty months hncn taxed ,n fht Ae