The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1878-04-11


etelyoooy eise, unless thinking and acting
WIN mem butlels campaign In that SEC
on "As suoosi1l one .sid ron "na' 1
Nno" Vi has INDUCED me 10 pecome
s "a,Gi aumi OF MN. mes got PLUCK,
anu = hoe Airalo Q, ANYBODY. hes man
aIlv cred;,eJ -;,b 40 e
cprrxp,cx prSo,,r,oxs
IT, ,,,.,-
:, iVuorins l lssoiu'ion nc onefeo Oh tne
Hs. Vi APril, io'o'
Resotred, That the Committee on Banking
ana currency be instructed to report to
,nis House, forthwith, q proper bill or
piils
First: 10 provide for the reissue OF the
fractional currency OF the denomination Of
nIty and twenty-five cents, for the with
drawai OF subsidiary silver coins OF the
same denomination now in circulation, IS
last as they may be received into the
Treasury, and prevent further issue there
Of
second: 10 provide for the printing and
issue Of SZO,VVO,OOO IL legai-tender notes OF
tne denomination OF one, two and hive dol
lars, IN equal proportions, to be paid from
the Treasury for the current expenses Of
NeAS sVvC hAAAShit AOA GhCulotAOu o1uOnk luC
people.
This resolution Butler proposes to call up
on Monday next. The General says the
fractional currency was the most convenient
currency We ever had, and he wants it put
ahoat again.
THE FRACTIONAL NOTES
oop,d h. ..c, bx l.,,.- vh;,. ,h. ,,.o,;on.,
coin cannot 10 ,.n, IT, common Is,,s- =,
ali s;Iver half aoI,., h...Ls ,he snra'
lone of ;ts o~n ve;eh, If;, -. w., bal
II Of II, own ve;obt Il teIls evsrvbodv !, ,s
there and .omeSo3y sjss b,s.ts :, ,nd :,
dos M, ,a.cb ia Sss,;n.,;o. u. .h;nts
son OOO ooO ~ a.ch"xaH OOo 600 - IN
vonJd nal. nm cons;asr.hIv o. ,ha Co..
traction vh;ct has taken n,,ca since The
passage of the RESUMPTION Act. He saws
We are told that ue have great deal too
much currency, because we have great
many large balls, and 1t is said We do not
need 30 much that before the war We had
only about S2'O,OOO,OO0 and We have not
had any such increase OF population as cor
Responds 10 the increase oil currency. But
did 1t ever occur to gentlemen that with
this money OF retail We are doing, four, five,
SIX, seven, eight times as much business,
retail business now as before the war. Be
fore the war we had ~ ,Oo0 miles OF rail.
road, now We nave ,oo. Inc receipts Of
the postomces Deiore the war we're only -,
Wo,Voo, now they are over S4o,ooo,OOV, all
done In currency. The telegraph wa
hardly started before the war; now lts re
celPts are sixty or seventy millions, Al
done In currency. lhe Express ComPanie'
now ramiiy tne country ana before the wal
they were oil lille importance.
II Will be seen that Gen. Butler takes II
the hnanciai subject pretty iuiiy. The Cd
]ect oil retiring our fractional currency
never could underst-nd. IL cost us less u
noat annually 'hah tne interest bearing
bono win whien the SILVER was purchased
10 com the s"osiderary coin.
col PHILLIPS POSTAL BILL
is q very importapt measure. There i
some opnosition to il from certain none,
interests. but I am confident than no bill
before Congress has the merit in il tina
Mr.. Phillips, bill, has. II provides for III,
safe deposit of the money Of the people il
the vaults OF the Government, and the Ger
hhcates received as evidences OF dePosi
may themselves be used as money. In
Colonel has been very earnest and enthusi
astic in his bill. 1t Is Just what the com
try needs, and with 1t the question OF re
sumption would be settled forever:
would DO away with rotten savings pank
and not beneht solvent ones. l don't know
that the country "ouiu ce worse on II a
savings banks smut tneir doors tomorrow
providing they PAID their debts. Inc RI
nance Committee OF the House has beer
very busy during the past month. Secre
tary Sherman was before 1t few days ago
lie was also before the Senate Committee
few days before on the same subject. III
had some friends on the Senate side wht
they let him of easy. The House Com
mi,tee on Banking and Currency are no
friendly to his financial schemes. and cor
nered him badly enough. His theories
would bankrupt everybody, and he has