Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-12-20

Gold and GreenbackS.

At last the country has reached the
point it has been struggling for. Green
backs are worth their face in gold. Those
who desire gold for greenbacks can ex-
change dollar for dollar. The premium
upon gold has vanised, not again to be
heard of by this generation we hope and
trust. The money in which the laborer
receives his pay is just as good AS that
which the bondholder receives on his cou-
pons. Ii has been a long and hard strug
gle to plant our feet securely upon the
soldid ground of specie payments, but the
result is worth all that il cost.
Though there are doubts expressed
in some quarters about the ability OF the
government TO maintain resumption. the
oplninion in circles best informed in re-
gard to financial matters is hat resump-
ton will be success. Confidence grows
rs January 1t approaches. Everything
is lavorabc-the large reserve OF gold in
the Treasury, the state OF our trade with
foreign countries, the products of our
mines, the adjustment of prices Of COM
modites 10 specie, and the steady and in
cr"asing faith the people have in the
ability and honest purpose of the govern
ment 10 redeem all its promises to its
creditors. With The great mass of people
there will be no necessity and no desire to
exchange greenbacks for gold. The
gr+enbacks are better for neatly all BUSH
ness purposes than gold No man will
load his pockets or safe with gold when
he can obtain paper as good AS gold, light
TO carry, convenient to handle, and easily
deposited for sale keeping. All that we
want is TO know that we can obtain dol
lar 10 gold for paper dollar ii we wish
in order to make US perfectly content
with the paper. Resumption does not
mean that everybody is going to rush to
the banks 10 demand specie for green.
backs and bank bills. Very few will need
to make such AN exchange. and only those
will apply for gold who absolutely re-
qure it.
Resumption begun will be resumption
completed. There will be no disturbance
ON account OF it. no interruption of it's
course, unless large combinations are
made Tor speculative parposes to hinder its
operation, OF Congress by pernicious All.
tation or uniriendly measures interposes
But wise provisions have been made bv
the Secretary oil the Treasury to prevent
the former evil; aud the veto power of
the President and the lear oil the wrath of
d people just y indignant at those who
would oppose an early return to IL sound
currency stand in the way OF The latter
The tact that greenbacks are equal with
god ought to add greater enjo, n,ent to
the holiday season. and make The opening
OF the new year smile with the PROMISE
and assurance OF better times dawniny.
Our brother Billy Simpson, of the Belfast .Jour.
nal, bali denies that he AID jan Blaine were once
devils together IN the keBnebec journal office
ii Augusta Will he deny that they worked tn
gether al the same time that paper aud whipped
Inc same "detH around the stump p Bdn1oy
ComHereidl
OF course. Mr. Blaine and the editor of mis-
paper never worked together atthe same time"
oa the henIebec Journal, nor oE any other paper.
But they have whipped the same devil around
the STUMP" as the soie back oil Marcellus can
testfy.-Beifast Jograai.