Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-08-01

paigp for congress in this district.
He is an adroit politician, and bitter
opponent of the republicans, but he
don't propose to be "ron over" BY
the gresnbackers. as he says, and
hence opposes any endorsement of Mr..
Barrows by the democrats.
While in Milwaukee, last week, he
was interviewed by representative Of
lhe Democratic paper there--the Ne,os
and the result ef that interview is
given in the paper of Saturday morn
ing. Mr.. Wadleigh states th8t the
democrats Of the Eighth District would
not, IN any event, endorse tie green
back nomination of Mr.. Burrows"
Further on he says: THE democrats
cannot now afford to follow lead that
the Nationals seem to have taken upon
themselves to dictate." In Mr.. Wad-
leigh's opinion Gilbert L. Park will be
the democratic nominee for congress.
Mr.. ". spoke very Kindly Of Mr..
Barrows, but was very firm in the
opinion that the democrats could not,
with any self-respect, support him for
congress.--CAp. Herald.
In a recent interview, Secretary
Sherman is reported to have said:
1--WE would resume to-day, but it
would not be proper to do SO. The
law fixes the date when we shall pay
coin for paper dollars 1t means pays
ment then and not before then. It
would be better to go along for six
months and let the people understand
that this condition is real. Then the
good effect will be felt, confidence will
be restored, capitalists will come for
ward and invest their means, and
manufactures will revive. The pre-
MUM on gold is merely nominal now
at ! per cent The sale Of half mil
lion of gold would break the market.
A prominent broker in New York told
US that one million would knock
down this premium. | believe that
gold will go down to 3-8 shortly and
soon thereafter to IA, which is moth
ing more than brokers premium.
The balance of trade is in our favor,
having reached $3.50, 100000 last
/, year our bonds have ceased to return
from Europe They have been returning
since the panic OF 1873 At that time
about a thousand million Of our bonds
were held abfoad-how not more than
about two hundred million are held
there, and seventy-fve millions re-
turned in two months during the sill,
yer agitation. All the bonds that
have returned have been absorbed in
this country none went back to Eu-
rope No more bonds will be sold.
There is coin enough in the treasury
with which to maintain resumption
There is $190,O00,0O0 all told; or
rather we have in round figures $123-,
100000 gold and silver dollars IN the
treasury for resumption purposes
that IS exclusive Of all coin obligations,
consisting of coin certificates, bonds
due, and interest on bonds, and is also
exclusive of subsidiary SILVER on
hand.
e TIE general manager Of the Chicago
S Burlington & Quincy railway has
issued a general order prohibiting con
y tributions by employees Of the road tc
make presents to officers Of the road
e This Is a most just order. The whole
: matter of presents by employees to offic
: ials of rail ways or other business eor,
: porations, and Of national or state
c officials, IS wrong. 1t is almost al
way means of extorting money from
these who are unable to give it. Usually
0 some one wishes to secure a favor from
e the higher official and starts sub
I scription paper to raise money for q
J, present, The employees are afraid tc
e refuse to subscribe, and often do so
v knowing that their families need the
c money far more than the officials need
the present, but do it for fear of los
ing situation. The vicious system
of making employees buy the golC
watches and gold headed canes of those
: who happen to be above them for tn.
! time being, ought TO be stopped il
many other places than railway com
ipanies.
e An Undeniable Truth.
), You deserve to suffer, and if you
lad a