Litchfield enquirer., 1877-11-15

s1sV SA V0AAASO M SoAA0SASA "ASSS 1SSoI AA~" of oratory will no doubt often enllven the debates of the House.
 Silver as Legal Tender.
 We publish on one of our outside pages an instructive article on the Silver ques. ton which appeared Q few weeks since in the columns of the New York Evening Post. This cry for the "dollar of our daddies" is simply another attempt to de- preciate the currency. It is the same old ''greenback" fraud under another name. As long as silver remains as low as at pres. ont. it's reconciliation would simply effect depreciation of the currency. If the sil- yer dollar, at the current rates of that metal is worth but ninety cents, making it legal tender for all debts simply ef- fects ten per cent. depreciation of the currency. Should silver rise in price SO that the silver dollar becomes worth more than the gold dollar, then silver would at once go out of use and debtors would pay in gold.
 What is specially needed of a currency is steadiness. Gold, as whole, has prov- ed the least fuctuating in value of any of the metals. The fact that it is in such general use in all countries for coin, tends greatly to it's stability. On the other hand, silver has been experiencing, Of late years, a serious reduction in value Whether this depreciation is merely tenn porary, or likely to be permanent, is g question about which there is much diff. ference of opinion. The fact that silver coin has been thrown out of use in many countries cannot but tend to its deprecia- tion, and to the danger of great fuctua- tions in value. This fact alone, aside from the over-production which has re- suited from the immense. yield of the Western mines. would lead to permanent depreclation in the value of that metal. The disuse of silver as coin, and It's in. creased production, are elements of prob able fuctuation and depreclation which render 1t almost certain that our currency will be very iniuriously affected by, mak- ing silver full legal tender.
 The double standard is of itself obiec- tionable, in any case, inasmuch as it subjects our currency to the fluctuations in value of two metals instead of one. Debtors will of course use the cheaper. If silver becomes depreciated. gold will go out of use; if gold falls. silver goes out of use. The double standard enables the debtor to take advantage of depreciation of either metal. He cannot suffer loss ex cept by the appreciation of both.
 AS we said at the outset, the silver ques ton is simply imitation in new form. The greenback having become worth nearly as much as the gold dollar. and conslderablJ more than the silver dollar, the congress. man who represents debtors and is desir. Ous of keeping the currency appreciated SC that they. may the more easily pay. theil debts, now urges the passage of ''silvel bills. It is the old issue of partial repudi. ation which will always be more or less .'popular" till defnitively set at rest by Resumption.
 The Liberian exodus fever still rages at the South. In South Carolina S25, ,OO( have been raised, g ship that will carry 700 emigrants engaged. and the first colo ny wlll snon sail. On the other hand VI see it broadly stated that Liberia is thus far failure. and that the proposed exc. dus will prove fatal mistake. A re- cent report on the condition of the ne groes in Jamaica ts certainly very discour aging. Emancipation has killed the busi ness of the island. The negroes vegetate on little patches of land, and the planta ti0ns run to waste. Our own belief i. that no race, negro or white. is likely tt show much energy in tropical climate Labor taxes the physical system more se verely and is less necessary there. than il the temperate zone. Put any man in climate where clothing and fuel are mol necessaries of life. and where very littl, labor produces great deal of food, ana he will do very little work.
 Ire Springfield Republican justly re marks that every time the President give ofice to men outside political rings, hi appointments are popular. even with poll ticians; whereas his political appoint ments arouse jealousy and give dissatis faetion on all hands. s.The moral is nd far to seeks there are more citiaens tha there ars politicians, and the one ar growing in inanenoe and importance, a the others are fading"