The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1877-09-07

pines ~ the nas-e~ drpend ON this question
whether the execution 81 the Law VII Involve
further large
cDSrRscrf0x ~ THE CURRENCY.
But here l. al ne could say last Friday, AZ
Nan-nrId. 10 calm their fears and rtaninlafe 4
their hope 4 s<rfas@ s.esaf " Lsstoi sisfs.
na<<s cnn -. a.f s.ghf % ". Hasnsatsed az par
xsfA co<aLr Br. a what does ne estimate that
certain amOu.nf A. ten mllllons-nfty-an
aundrsd.shsse hnndr.d, Hs dos nns ,, ,sy;
amount" 20 very uncertain
The obsi0u- fact i that each legnl-tenher
not sisr ,- a1 no : ~ asm s ~ e
pay duties. % ship abroad. a. hoard, 20 col
Ieet ~ reserve for redemption ~ bank notes,
hn- only "a ~rnd grreubafkstO the Treasury
and zetn The greeuback- viii then be de-
.sroyrd and the gold sent abroad or boarded
m banks. for redemption and Tor customs.
Eyrry dollar ~ greenbackS. 10 redeem which
the treasury can rake and -crape enough
gold. will b. forthwith redeemed aud destroy
"a and within year alter redemption,
venture Ia predict. Mr. >herInan'- /" certain
au,ssunr'' ~ srernback- maintained In circu
lari0n will be tut little else than what has
been l0-s on destroyed IN the nftecn years
-ince their issue began We viii then have
l0sr our xrrenback currency and have only
a gold bonded debt abroad 20 represent ~
EecDllect. fellow citizens, that rrffeem, In
tins Law. means 20 pay and destroy, ~ the
Government destroys bond when redeem
"a. aud II every day destroys FRACTIONAL
currency, ~retiermed" under the same IAN
.umze 81 the same laW. reissue 81 a green
baek redeemed under this Law A. clearly not
rerrnirtes. a. Mr.. sherman animated In de-
bate when the law passed, and - ne mt
ing that hr l. not allowed 20 fund the green
back directly in bond~--0 that every green
back = redeemed" goes forever out - exist
.fsut ~ shall then have "A good currency
instead ~ xrecnback~. -ay- the resumption
i-r-- Not AZ all. None ~ the gold viii be m
general circulation The banks must have a
IL redeem their noteS. even II they buy u az
premium The importers must have u ~ pay
duEis~. and. above all, EnrOpe must have u
m pay nlenr a interest on the debt We owe
a. not see how any sensible man. who
know- hnw small j. our supply % coin, and
h09 great our debt and expenditures abroad,
can b4lfrre for 4 moment that can keep
gpi1 ~ general circulation here ~ can even
hoard ~ hold enough out ~ circulation, a. =
redemption fund. sufficient e. noat rnurth
" our present paper currency
LOOK At THE FACTS
We nav abroad. n interest. on Govern
nsenr and other bond-. fully slf0.no1sOo an
nualIy. We pay 10 foreign slips which ear
- r.s.,r. rhan rwc-r thirds a our foreign corn
mere about y-00o.0u1. Of which nj least two
thirds i expended abroad, and our wealthy
,,n - s.s e. = a.snuais take the av
eTnru ~ several estimates, which show thus
an annual drain for debit and expenditure
abroad not les than 50 o.. 80 annually anu
making due allowance for coin received by
a. frssm FOREIGN travel and Immigration, there
l. -rilI left the sum 0f over s-uvnp,e1 going
. NOTABLE MuuLAl
: A. though we 0ued a debt ~ s5,prcro,ooo in
, Emrop-. with interest ~ per cent payable
snnuaIly there In gold
Nou. the ignoring this fact j. the fatal
hiunaser 81 wrong Of the Fe-umptionl~ts- The
f,alznrr ~ trade in our favor has never IN
one Year esgualed this foreign drain. and for
|. the past sfx years has averaged only one
renris II il. o. about s.neo.0co annually.
There has never been year since this debt
. and expenditure abroad Was established
eoin -hirment-. and by Increasing the debt
! ~ -nle- ~ new bonds abroad. thus making
tke foreign demand Larger and more perina-
nrnr In meeting this annual drain ~ have,
since the war exported Of gold and silver
! largely more than the whole coined product
! N 0ur mine. ADDED all our imports 90 those
metals. and reduced our supply ~ the
prre-i1sss metals that &c are now estimated o.
! have In this country only about u N.urwn ~
, g-5.0xse9of gold and silver cDmbined, against
! ss-s aseND In l-D. Before the war, ~hen We
: werr MT en-Iaved ~ foreign debt. and we're
4 yearly adding 10 our stock Of the precious
y metals. We newer could keep out over $50
! able IN coin. fio1 can the banks and GOV
4 erurmenr do n now. with les gold and silver
I in The country. and foreign demand Tor 4
I. can nor be ignored without national in
!. ~olvencys
y THE rREkr MONEY PowER-
J. the worst legacy OF the war-infend. BY TIL,
scheme II forced resumption. e make gold
Z the -ole mea~urer and payer ~ debts, public
y funding the greenback~-to concentrate IN 4
y few great banks in the money eenter~. aD~O
4 lure control over the volume and movement
~ the currency. : 90 make hard times ans
rspOI times NJ their pleasure. and fatfen of
the unwary multitude at everyrurn ~ the tide
:, 20 rontract the currency ior the next lev
thar the ST. 80 y q $50 the people now owe wtl
:. buw s.GosnuAU or SD.Ue.Ungs0. In f0rnne
values. ~ the peoples labor and products
Is crush ouf the myriad ~ small Industries
heretofore successfully maintained ny com
=. biutng the energy and talent ~ mem ~ ~inal
means Nth money borrowed q onpro
Z. dnrrr~. 90 c0mf~cNfe the real property .
debtors. and brlng IL into trwer and ~tr0nge
Y hnrlt~ 10 pauperixc labor. - that the none,
!, power will en-iave. and ~ 2 AMI ~ y, VII
v no further cost than enough ages 60 Keep ~
Y machine 81 the lahorcr'- body in good work
:. ing order. and. finally, BY means - the i'm
y rsnrn-e concentration ~ wealth and power y
y sI nnnsi- ~ few 4, realixe the policy of TN
II early Federali-f<. which l. stronger since IN
wnr than ever before. ~ making this Govern
n msnf . strong. centralized ari<tocraey.
Fellr N-citixrn~. this T. not the language =
par-i~an~hip ~ passion. but q truth AN
-pi,=rness- I never yes said 2, the pecpl
Y. thar which dill NOT believe ~ ~ true an
u yDu may rsiy upon II never will
N rHfs KE~UNPTio> SCHEME
" "a invented sixty years agn ~ Ricardo ~
q which grew NJ in England during her txcnf
NJ year. ~ continental MAR and suspension =
II @pssrie payment. which va the most gioriou
y RTit .fm from I-..s ~ l.ls had grown Richie
N eprmmrrre and home Industries Increase
flxs-f0Id---he shipped lier specie 90 maintai
her armies and those ~ her allies without n
slightest disturbance ~ her Industries, While
- depended only ON her safe hut inconNcrttb
rnrsrr money. land and mooney we're brcon
w Ing iistrihufed. Iaborrr~ rose IN comfort an
I. intelligence AMI = once waxr man always
~ wa1e man. vas crmSinx - ne 4 rnie- AZ 81
M general prosperity her land and money arr
" tpgracy and her war pArycnuc~ took ~
alarm. And Ricardo ccntriscd the inicrn
IN rnimrfIina nav infamous In history. known
the Peel Resumption Law" It, cxrlO~tu
lr' prn~rrmfes and de-olAfed the industries
Great Britain. reduced the mas - the MAJ
rrfarsnrrrs merchants and small farmers
n bankruptcy caused great strikes ~ the worl
i'm fnUrnen which we're put down wifh slaught'
p- --nnd. When the struggle and nguny W.