Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1877-07-14
MONEY.

would be found the true solution OF TIE
monetary interests OF the country. we
pointed out Is best we could that 50 lar
as the democratic party was concerned
one of its ablest champions, Calhoun,
had held that there was nothing in the
constitution which prevented the gov
rnmen from issuing and maintaining
Il treasury uute. receivable for all dues
to the government. which would easily
maintain its equality with the CON err
GU alton OF the country. and that there
was nothing in this character OF clIrren-
cy which need initiate against the natu-
raj use OF both gold and silver. Since
that time We have seen both the great
political parties declare against an
unlimited issue 81 irredeemable paper
currency and We have seen the party
which advocated this policy make a
humiliatluS failure III their effort 10
force their peculiar views INTO such
prominence ~ Ia render them / nation
nj issue. On the other hand we sce To-
day intelligent men and influential news
papers winch hliudly endorsed Mr.
SHERMAN resumption policy during 4
heated campaign. III which no doubt.
they feared 10 stop IL swap horses.
pause aud ask. How i this thing TO be
done" 1t is au easy matter to dismiss
the subject by saving that the way To
resume is To resume" but when no
political ends are to be gained by palm
ing OF upon the peop.e plausible catch
words tor arguments, and when the
country is calm. her business men. I'M
swayed by passion or prejudice. demand
TO know oy what means this law OF re-
sumption in 1879 * to he carried out.
Even Mr.. Smith. of the Cincinnati
Gazette, a leading republican paper,
4 which in the Ohio campaign preceding
the presidential election, and III the
presidential election itself endorsed the
{ Sherman policy and the harangues OF
the eloquent and ianatical Stewart l..
Woodior,i. in Il speech made at the
meeting OF the Cincinnati chamber OF
G tplIlllltltC tsiSN WIN ~ Nv A'NSSA '''A'
}, he was unable to see how the govern
ment can. on the first day OF January.
1879, redeem 500 900. 900 OF currency
II with $500, 300 900 OF gold and silver
coin. And to this complexion Will ii
ever come - long as the revenues OF
= the country are needed and used toward
, the reduction of the natiSnu. debt instead
o of being boarded for this especial pur.
pose. SO plain is this that the st. Louis
Il Republican. which has been a strong
, advocate of a speedy return to specie
= payments. in an editorial article in it,
issue OF the lIth inst, acknowledges
the tenability OF the ground taken by
)! the Cincinnati chamber of commerce,
- reviews the difficulties. first to be met
with by the government, then by the
national banks. aud last, but by nC
means least. by the debtor class OF the
country. and makes the statement. 'thi'
will throw the whole burden of resump.
ton on those who owe debts. 1t will force
them to pay in an appreciated money
y, and at the same time deprive them o
+ that money. The result will be a deepeI
diStrust. an Increased depression o
ai business and general insolvency." Ant
ed adds. these things could not be discern
o ed 1T the time the resumption act wa
' passed. two and a halt years ago, bu
they are beginning to he seen and lei
~. now. and the effect il a shrinking iron
ut the task we are pledged TO by the ac'
IA 1t is certain that when congress meet
:" in October it will be asked to p"Stpon
the iay OF resumption. The delnan'
h. viii come from the west, and be s.
u, strongly urged that congress Will hav
mt little choice but to concede it. LII
" first OF these propositions has been r.
peatrdly advanced BY the opponent
i, u resumption. and tho averhIei
II, that these thing could not /
IL, hiscernei at the time the re>uml
'nf ton act, wa passed" i = gratuItnu
one. As thousand. OF able and eloIuel
men aud newspapers have so declare
,I F.,
/ 1t uN,I- ..1I- .utao.o
the ""'' tAe
''' '!''
VI -, -. r:. =,
IA. cuS cities in the land Cincinnati, Is
Jus
Az
r." 90 .b,a ,,nnohor ,rorrjn. n
are necessary hardship to the industrial and ina
cr.l interests Of III. country creating Aprr
tensions oi "fffea'''" an n" -, y
,,b ana,n nr.'.,,,ion ,nr m, r.suuprl,n and mai
met tcnance OF specie payment at 50 early a ,str
fixed by said act ami that win SILVER reI"on
- "A'ui ~ =, - rin,. ,nII,c and rrirsts ,,connr
10Th we MAJ safely await the time when naiu!
causes and hea!ihful conditions shall indicate
s. ,h"ra,orn
"s Resolved. That the national board OF ira
,,d. respectfully recommends I" congress snch mo
res in'a"'n y NV r " ''' f'Hp
i. -, >,
' LINN = ~