Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1878-12-11

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roauagad tbc Ics2css q ;He ccc9t'y sc s:2-1i1
;l,yc been alfow:G 70 d s. q! ;Le eu3.
They tho2!c have been !e;t severely a,2ae
- o:d:r 10 caIr5 Oh tie war trey bad p21:ed
psps- cur!e1cy cve- ,he lso1 Ike water, 20.
sicai5g horde .! c5o;tac.oIs, sutler- a0d spec.
uj.lcIs al tie tZpecss u tie lsborlog class:
wnom they ma4c, aud still make he basis q
tsx.;iyo. Ihcy mad, and sill have, civil
.e!7c., whig1 j: q comb!ba,lon q the ice and
he l,cu,.s .! Egypr. Alter The var, lSssoe!Y
O. corug:Iy, they ran - he bood= o; toe l.
5. t. the highest p0=:i1!a pll;a. aad ,hso
bought tiem 10, z half score yaaIs or n ore, be
'o,e apg Of them were due. Who made mooey
b it! 500 900 000i 10 gold we're expended
t. buy these to1cs. This eporDous sum was
wluog ffou TIE .weat Of labor. With it 10 the
Tiea:ury, prosperity would now be upon u. aod
specie paymerts resumed loug ego. l! they
are rcsum: d BOW. what credit to the republican
pirty? Why should any section Of the demo
ciscy wsr sgsies: resumption which has beea
ac,oE pllshed 10 e Of the policy OF their id.
7crs,rIes II is most true tia. Dir Ba5ard has
90, been guilty o! the pure idIocy CT fighting
resum p,ioo, which, With democrats of bis school
in power, would have been brought about at
the csumcCc.nent CT this decade. 1t is most
true that Mr. Bayard ls in favor of hard mon
cy which is a correary OF resumption as
we'll as Of prosperity 10 this long SUIT
!criog land. Resumption effected, the
hard earoed dollar Of the poor mao; pG.
per @. gold, will bug as much as the dollar
which Vanderbilt iiogles 10 bis p!ethoric
| pockets.
But this will not bs the case if definite
or indeGoite addition is now made to the volume
Of the grceuback currency. We will not dwell
| 90 az ind .lioitc addition. We have no time to
waste on the absolute money of absolute
fools. We will suppose law passed replacing
national bank notes With greeDbacks. We'll
what then? Well, some $500. 000.0 900 (about
the amount OF the national bank notes. 10 green
backs will be added to the government curren
CT. Ii, with difficulty we resume low, with
$3.50, 900 900 (about the number) greenbackS
outstanding, when will we resume With $780,
900 600 J? Again, this $780, 900 900 additional
sreenbacks, az the lay stands, will be altogether
exempt irJm taxation. Is this desirable Is
ii not enough, in ali conscience, to have Uuited
States bonds thus exempt? In 1870 in The
Senate, Mr. Bayard offered az amendment to
tax these bonds like all other property. But the
money power in that body overwhelmingly de.
icated it. This does not look much like being
a mouth piece Of the bordbolders. as MIR.
Bayard has, in certain quarters, been charged
to be. In his speech delivered at Newport,
DEL, Aug go, 1873. Mr.. Bssard says: ut
never was my fortune 10 iold one OF these
bonds. IL the same great speech Dir. Bayard
! thoroughly explodeB no notion that the present
hard times" are caused by lnsuthclency OF
currency, by showing that in the money centres.
where the volume OF il w1U TO- money Gao he
! had on undoubted security, at ), and per
cent. Hc also demonstrated, by the treasury
| tables, that soce the passage ofthc redemption
act tho cDrrt ncy, instead OF belog contracted,
has been expanded TO the extent OF $50 600 OGO
Is mere wanted on the hard money s'deI 1t
so let Us give it. IA this difficult question
ought to be settled by tho preponderanoo OF
| me tal power brought to bear On il, LEI "a SUD-
mon from tho shadowy world Of spirits tue
| august shade Of Webster. Ii Lille be knew
| what it vas to be poor living. farmers boy, Oh
the bleak New HAMPSHIRE hills BY sheer
brain power &c became the first living AmeCl-
Gao. Said this King Of Mind "Sir, the very
man of all others who has the deepest interest
in souDd currency, who suffers mcss by. mis-