Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-08-18

coeAtub uoE. AHht u huc Sut "'-
right have we as 4 nation, or has any ban
or individual. TO force into circulation q
money Its note upon which 1t pays no In
terestl Why ought not any one who issus'
q promise to pay on demand lie made Il
pay II when demanded or pay interes'
thereafter What right has he, In law OF
Justice, TO insist upon maintaining In cir
culation his note which lac refuses TO pay
according to his promise and which he re-
fuses TO receive In payment OF q note bear,
ing INTEREST," a certain amount OF United
States notes can DO and ought 10 DO main
tanned At par In coin with the aid Of Q mod
crate coin reserve held m the treasury, and
TO the extent that this can be done they
form the best possible paper money. A
d BIT OF The people. without interest. Of
equal value with coin aud more convenient
to carry. and beyond the right TO issue
paper money, either by the government or
banks, II . dangerous exercise Of power.
injurious TO all classes, and should not
continue q single day beyond the neccssi.
ties that gave II birth ; but u Congress-
should SEQ proper to confine tho process OF
resumption 10 the present law. we still have
the second mode OF resuminy by accumu-
lating coin gradually. 10 that when tho
time fixed for resumption arrives the treas
ury may be able to redeem such notes ~
are presented. The same progress that
has been made since the LIST OF
March will certainly bring Us ~ tho
specie standard. I feel confident in say.
ing to you this day that, II undisturbod-
with or without 4 change Of the law-ev.
cry dollar Of the United States will. before
the timo fixed for resumption buy -
much rs an equal amount In either gold or
silver. At this time. our country Is the
most prosperous one In the world. though
we suffer to somo extent from the
same causes that bring stagnation 10
the industries Of all comercial u
tries. The vast industry which gives
work to the great body Of our people
that OF asriculiure-is now extremely
prosperous. The late strikes In several OF
the States bring prominently into Amcri.
can politics the contest between capital
and labor that for many years disturbed
Great britain and was the foundation OF
the scene OF the reign of terror during
the French revolution In 1908. Happily.
In this country our strikes have been
local and ~nnimportant; but the great
o., ,i.a anorrn,. anI.r.an.n, m onr
.."I '.n,ss,.,.i, ,,I,s,,;o. an.
',.n.. T., a. n"mar y, aor,or.s
800 n1 ~. 49, 80. 81 Ina,-
80 $1,000 80 IN consi,i., ,i,is n,s.,io,
~ ."Ii. A., irIa Ia
preston OF business caused by the panic Of
100 mas ,'u "uu.h I'LL ~, 80 ~
,nu s,vs, "''n 49, a., s".ir.o',
,,,..bn' ~ - ~, ~ tusiua.s Th'a
,o" NV h", qua A. - am,,ovas
n.n Ia ,aJnno.i =, 6mo 800" 60
.nn,n, h.,.iy sno,ci.r, ,n ray Tor An.
nscss.,,iss N mn" The 'i:horcr 1.
~or,hv ~ H. hira" anil sI,onIj sIw.vs 70.
- ,,i, 49, ,..,n,,i, III t.wii, n IL.
~ h,,, ~ ..nnn; .a.uro
ceney anu eonllo'' w. WI eAh u ~.
tnls nlessing ny illuminating eaP,.Ai, y.
Duin,nS "'"ses, '! P~'e'eh'ns y'no' Nv
pIs iro"' "1lins' "py any ,.om IN
p... law. 10 establish and limit The maxi.
mum rates Of freight, so that the prcduc.
ions o. FARMER may 10. Nc W aAnse, !,
viii limit and restrain The cutting dovn
and reduction Of freights 50 as to destroy
the ability OF railroad companies W pay
lair prices Tor honest labor m y pre'eht
Tho coinpAnie. from making panpers OF
men VINO perform esscii'iai functions IN
commerce. And nov, lellow ei,izehs, lh
,oncinsloh' allow me 10 sNptcss ny mart
'nAnAs ,or VI. 'ou'"'. wv N,n',
you a,ways nave snoWn nie' n'' oN'! uu'
thls SNORT Nlslt, Dut III nj tue tiule u