Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1878-01-24

efforts DOW making to restore silver T.,
proper place in the currency of the o,n
try. The great object ought to be, :ns
pose, to have a sufficient basis OF cjiu +,
gold or silver, not only to sustain the po,..'
ment currency, but the notes of the Naf,,.I
Banks as well. This being attained tfc, a.
will b. we'll Silver has been iu use II p.
the world since its foundation, as c1rrcpnp "
cept 10 Germany, very recently, AID IN r. ~
land, aud if Congress changes the law. ~;
puts it back to its proper place, not in .un...
S.. as the law now provides, but On a rar VII
gold, it will facilitate resumption veiy up,i
and be received by the people as well as @J1
II IS charged that the lar reHl0ueti.iag T,.,
changed surreptiiousy. aoithom the Euog,.}.
Of u large proportion ci Congress. (nmi rs..
dance looks very much that uny,) AMI ir.
benefit Of the Jonihollers, large oq,5o,.
avhose bonds 1cere bought NTH greenbrcl<. wf.
at large discount compared with gold. ?,
tice an extract OF az interview Of rcpor,at -
the New York Herald With Senator Buller ~
South Carolina, 10 the Gazette, and tie 81,
| bacon and other articles are lower now 10 Sui
| Carolina than ever before, and that il the s,y,
bill passes it may affect rIc>s, but note, Il,
Senator coEcurs 10 one OF the propositions II.
gested at the Council chamber meeting. 4.
repeal Of the ten per cent. clause ca the Sat.
banks 50 they can 60 into business again. lL.r.
is one fact: before the war Flrsi4ia la
| $l5, 900 900 Of banking capital, $9UpDr#o f.
bank circulation, and now $3,U)J.Ut a
National banking capital, AID less tan :.
600, 900 Of circulation and that Tie ihs.
Southern and Southwestern States, ac:j,Er,
to population, would he entitled to $500,
COO millions Of circulation, bu. have oDy :
| 0OO, 900, and that the six New England Stal..
entitled to SIS .000 900 circulation, hava s,
100000. The South has Dot the Nlr:.,
bonds to put up, and neper uW hqr1 they.,
nearly all North and abroad. and BESIDE.
establishment Of Nutioau! B.,uks. riea, +,
| DEPOSITS are snail. tukes capiu Jiou
consmuaity insteua Of Wcreasiny t. III, u
tional Banks are not authorized to MAKE l,4,,
on real estate, and are only authorized 70 In.
| it 10 to secure debts due than. have no lie.
the backs can resume specie raymant t: Il.
government either, without great distress /.
| ing iDh cted upon the debtors Of III, bl...
90 the lst of January, 1879. There Is cn9u..
trouble now. Do you suppose gold would on,
be worth what it is quoted at to-day aaI i p.
kept down n01c to influence Congress ali T.
prevent the passage CT tn, Slrer JW i
these pathetic appeals coming from the tr>
| Of NeW Iorh. Boston aul NAtIIp",
Congress, not to repu1tate the public Gb'hI
extent Of eight per cent, 1cW vannA II tctU'
|tow hours after the passage Of the Nl.u
Charleston and Savannah. great cotton u1;
are opposed to it also: c0tt0n Is kmy NJ 'oa}.
But what is the matter? What is the naa
coming from the interior of New \ ork, >.
from Georgia? It seems they want silver.
their Senators do not. Uetre you sen ,t,.
Suppose, on the first Of January, Isl, :,
government and banks attempt resunpti0na:
two or three hundred Of the two Thousand ta..
close their doors. What then ? Will god r.
par, or will the SAylocLs and perhaps ou.
the deposttors call TOR gold 2 How long woa:
resumption last :; not rery lang, Iuplraa,a
The government and banks will resume VII
they are ready, but not on the first Of .Iaaus'.
1879, and stay resumed. PoT'NN.