Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-01-09

tinues long, enterprise dies out, labor
.languisheS for want Of employment, mis-
cry stalks abroad and gloom is over the
land. Yet, though destitution and wretch
edness surround them on all sides, the
moneyed rich so long as, seemingly to
themselves, they are exempt from its
efects-thst is, until there is failure or
fesr Of failure OF their debtors d~efanlting
in regular payment of their promises to
LAY, entailed on them from sheer insbil-
ity to provide for and meet the sxsction
OF the double cost laid on them by
the thimble-rig game Of changing one
thing for another, of altering the medium
OF payment from the measure Of value
it was contracted into another of double
value, are blind to it, but at length even
they are aroused to see that money is
eating itself away, or rather, that they
are consuming it, for it no longer grows
or accumulates when the labor which
caused it and can alone produce it is So.
pine and inert, not idle from inclination,
but for lack of employment, the savings
of years gone for but scantest nourish-
nent, and starvation staring the despon-
dent ones in the face. II the evil be not
then soon remedied, society is endanger.
ed, communism grows apace into politi.
cal importance, and agrsrisnism stalks
boldly forth and successfully assails
masses Of meu that in better times resist
and foil its assaults from then having
over them to counteract is teachings
that best Of conservative influence, prop.
erty owned by themselves to care for
and protect.
Such is the effect Of too meagre a
property measure. We sec it all around
US. 1t is the natural and unavoidable
result Of using but one where two are
needed; of depending on gold alone
when it requires gold and silver united
to Gil the measure. They have been vic.
lently torn apart, manning aud wound
ing US. For the healing of the wound
the separate parts must be drawn to.
gether aud cicatrized into a perfect co,
hesion TO effect complete restoration.
Let us, before proceeding further in the
consideration Of our subject, for a mo
ment contemplate the effect Of the re
union Of gold and silver, that whole now
separated into parts, that true basis fol
full Measure of the mixed currencJ
under which, for nearly a century, these
United States have prospered aad pro.
crossed as nc country ever did before
the waves Of threatening adversely re-
cOiling from the staunch and strongly
braced front thus presented, as the storm
waves OF ocean that would engulf weak
ened vessels do from tie stout prov o.
q gallant ship that throws them off il
scorn while she holds steadily on be-
course. The union above predicateC
once again effected we have every reason
to believe will remain a permanent one
and therefore a more perfect union
Let us see how it looks.
Silver restored to its normal place an,
an adequate, because a full, measure o
property once again in use, resumption
Of specie payment without distress beinl
thereby accomplished, there will rapid,
develop ability and strength TO replac,
the present alarming depression in val
ues and Of Respondent apathy pervadinI
the whole country, by the old time fai
and sound estimates of property valua
tons, the legitimate effect of legitimat
confidence in future reai business activi
ties and o. general prosperity. Simply
then, its restoration seems a sound 40.
sufficient basis Of confidence in and 70
all the promissery mediums required /
facilitate business in its various shape
and OF all kinds, from the lowest to Ia
highest, benei.tipg alike the sidewel
huckster and the great merchant. tn
peddler Rud importer, the small ral
dener and the large planter, the curl
stone broker and the millionaire banl
aud reaching even the class of moneye
rich by causing again, whet had Quit
ceased, accretion of surplus wealth, th
natural tendency OF which is towar
their Golfers. PBLO JUsTITlA.