Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1878-02-27
Buffers system Of Finance.

General B. +. Butlcr yesterday, in the llou:'
Of Representatives, gave vent to his view
of what should constitute the Amcrirsn
system Of fuance.
Gle said the "Amcr!can system OF finance,
which will obtain in the near future-and
hope at once-whioh desire, is
First a dollar that shall have at all tI!ng,
certain fixed and stable value below which Il
cannot go.
Second. demand that that dollar shall hr
issued by the Cover meni alone,l the e1ercIse
OF its high prerogative and constitutional power,
and that that power shall not be delegated {"
any corporation or Individual, any more than
Charles ii. ought to have delegated his prcr'
gative OF stamping gold coin for the benefit Of
bis paramOurs as monopoly.
Third. want that dollar stamped upon sjm@
convenient and cheap material Of the least po'
sble intrinsic value, go that neither its wcarnor
its destruction will be any loss to the Govern
ment issuing it.
Fourth. also desire the dollar to be mad
Of such material for the purpose that it shaii
| never be exported or desirable to carry GU, o'
the country. Framing an American system OF
| finance, | do not propose to adapt 1t to IN;
| wants of any other nation, and especially lnr
! Chinese, who are nearly one quarter OF the
| world.
Fifth | desire that the dollar so issued shall
mover be redeemed. see no more reason "hT
| the unit of measure Of value should be redeem
cd or redecmablc than that the yardstck "'ti
which ] measure my cloth or the quart "!'n
which [ measure my milk should be rcderm"l,
Sixth. For convenience only, | propose 'Na'
the dollar 80 issued shall be quite cauaI IT, ct
little better than, the present value OF 'h'
average gold dollar of the world, not to D.
changed or chaugeablc. if the gold dollar grow,
lower 10 value or grows higher, or 10 be oblre'
to conform itself 10 value in any regard to the
dollars of any other patton OF the world @e'p
ing itself always stable and fixed, 80 that "hr"
oil the property Of the country adjusts ltsc'' -
| it "a measure OF value IT shall remain hi
standard forever. But If it is ever changed
shall change equally and alike tor the creator
and the debtor; not as the dollar based app"
supposed gold whose changes Away nave
given the creditor the advantage.
| To give the preenback currency thus d.
scribed g. fixed and stable value. | would max,
! it fundable at oil times, and at suhe'2n'
number Of places convenient to the people, 10
COUPON or registered bonds of $50 and tn" ln",
tiples thereof up to $l00O0 beariog iutere,i. 81
3G5 Ger ceot. payable semi annually, WIFE"
| bonds should be recoverable into currency "'
the pleasure of tho holder at every public de'o.i
tory
Thus would have currency better 'han >
gold currency; unaIterabIc in value bec'u ,@
founded upon the wealth, power, and proTr IT,,
together with all the gold aud silver OF III,
country; held by all the people, whose 'o,rl',t'
it would be to keep it at steady mea'uIv "
value to which all property would soon Accom-
modate itself, and ultimately the whole na'''"'I
debt would be brought hom4 from abroad 'O'
| funded into this national bond.
The resideDse of Col. j. d. Bruce 10 Ci"S'
county was entirely destroyed by fire las! night
Mothers should take warning and stop 'l"s'"S
their Babies with Isudanum while to''''ur'
DR.. Bulls Baby Syrup answers the same pun
] pose, and is perfectly harmless. % Cents