Mexico weekly ledger., 1878-08-01
favor Of a lower rate OF interest, ana
wouh Eorklur the same.

n he iiad HE Dill reported untafor
ably on and killed, because he saw
his constituents as a whole we're OPP
posed to it.
Some ersonal sharp thooting was
INDUCED in by both parties, but in
the best of humor. This contest will
be very close if no other contestant
appears on the arena. which, VIC think.
is probable. These gentlemen are
both well fitted to represent Audrain
county anywhere aHaKe wish them
both success, and assured that
whichever of them is cleo. ed will do
honor to himself and credit to the
county.
No satisfactory conclusion as to the
financial condition Of the country can
be arrived at without considering our
national resources. These. are not
the accumulated capital Of the States.
Unfortunately this has been drawn
upon too extensively already. 1t is
only the income of the country that
a be applied to its necessities with
out impoverishment. In most sec
tons taxes exceed the ordinary rate
Of profit. When prices are good
farmers are hopeful, but when these
are poor their ability to meet demands
is small. This should be considered
by those that control finances. Our
crops are abundant .ut unfortunate
" prices are down. At the same time
there is no probability Of foreign de-
mand. How important then is ii
that there should be no further con-
traction. Perhaps there never was Il
period in our history when the Nation
was in II worse condition to sustain
shrinkage OF currency than ut present.
Nevertheless the tlioughtless are
prating about resumption. Fortu-
natclv Mr.. Sherman has been taught
some lessons. He has realized that
resumption is no ordinary labor.
Confident as he has heretofore eX
pressed himself of his ability To re-
deem mrecnbacks before the ap,
pointed time, he HOW falls back upon
the law and is content with january
as Il period OF commencement. Ac-
cording to the SeCrCtary's own state.
ments RECOMMENDATION Of silver AND
the power granted him Of rc-lesuIn4
greenbacks are II considerable aid.
Sill he complains that he did not get
all he demanded. lie would like t.
have been authorized to have TCceivet
legal tenders for dUtIc. and To lIav,
mad power conferred upon him Il
have purchased all the coin required
20 maintain specie payments. faii'
ing IN some OF his demands lac l.
"''eiI '"NIi'S 'l'''99 '""H' i"' LII
alnuSeih''' Oh INC 9'h'P'' III - "'9
I'i'''''hS "lc" Vi ''' "f" N'''i "'i
LafS at i'"''' COS" "''''i''
FIe now would fam hope that green
""N' 81 ''0' wv" '''''''"N "'"'
ciral gold. lie will find it one thin.
10 '"''' ~S''e"''"N7 up W gnu !" ~
money hafke1 anu Il'to ail"'ii'l L
'"'ii7h tEtiS""I '' 'ie ON 'At.
may tiIllik Ihry nave occasion LOT.
IT a. been ;urr,l insisted ON where
aver fine duiv of uroyidiup .t,rr,nc
has h4en transferred from Govern
,uent TO corporalioDs of issue. Ina
i ,anl, u l,rr shonId h., nayoblr in spq
ole ON demand. In tn, absence ,
{ nora aao.,u,I m.tiu,1s if hos ha,
,.ro,lrJ - ti, most practical mad
t~osti,. fin, e,Iy.r., ,r .,,.h i,s,
tution.
In Ills country. however. relianc
on e,o,.,a ,,y,u.nt Inns ever hran
,,h,si,n I:ud.r that sr.t.,n ,b.,
,oro ,ori,dicaI -~usnans;uns "
,,d ,Lam Ju,;,,u tho r~>i.t.n.. ,f IL
: al TritnI state. Rink onJ ,,nil ii
; .arper of the : .atc banks that su,
ceodaI II These susurnsinus ve,
{ attended, with .erious financial cons,
~,rancos They werp usu,IIv r,IInwr
Il hv a~vran.ious The countrv w,s Il,
| pendant ON the banks for money an
| enco,raopI them tn issue if prir,
advanced. but when the d,v Of =,
/ demption dawned, we suffered all IL
: disastrous consequences that cam fo
: low i,a,,inu pri.rs f,Il ;rJn.t,
: drooped and fine whole count,y dr,.
d n;ob +, baukruutcv If sucb . CO,
! ZEN were reStoreo@ couio pclter II