The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-01-17

with national prosperity is the matter of sound
and stable, currency, 1t is the language of one
of our gifted and profound statesmen
that "a disordered currency is of the greatest
political evils. 1t undermines the virtues neces-
sary for the support of the social system and en-
courages propensitieS destructive to its happi-
ness. 1t wars against industry, irngality and
economy, and it fosters the evil spirits of ex-
travagance and speculation. Of all the con-
trivanees for cheating the laboring classes of
mankind none has been more efectual than
that which deludes them with paper money.
This is the most eectual of inventions to fertilize
the rich mans field by the sweat of the poor,
mans brow. Ordinary tyranny. oppression, ex-
cessive taxation-these bear lightly on the
happiness of the mass of the community COM
pared with fraudulent cUrrencies and the rob-
berries committed by deprecated paper Our
own history has recorded for our instruction
enough and more tian enough of the democrat
izing tendency, the injustice and intClerable OPP
preston on the virtuous and well disposed, of
a degraded paper currency, authorized by law
or any way commanded by the government" h
be roug1 but there are slougbs therein and ss
that we have SO nearly REACHED the desired gopl,
calamity. 1 do not however, share IN the opiniono
which seems to obtain with some, that the remone
tzation OF silver viii pc al backward step silver
coinage, and if the present ratio with gold is not
sufficient to ensure the harmonious circulation of
both metals, let the ratio be increased. +-- q s.
The wise statesman seeks to find new markets
and additional uses for all the productions of his
and the country is benefited The United States is
the great silver producing nation of the world.
Every legitimate to which silver can be applied
enhances it's value and to that extent adds to the
wealth. of the nation Its use, as money is both
legitimate and practicable the only conditions being
that the relative values of silver and gold be duly
preserved in the coinage, and that the profits of
coinage, if any, be reserved to the government. j@
s&3 3@.s-JAi4+@f- SAVINGS BANKS! 3SLhUAA siJIh3
Economy and Industry are, reciprocal virtues, SO
that one cannot thrive unless accompanied by the
other. Savings banks, conveniently located, and
hnn0S tly and mar haVa fhprfo
most powerful agents to engender habits of thrift
afordng, they do reasonable assurance of safety
for deposits and moderate income therefrom. Such
institutions cannot, however, be made self-suppert
ing except in the cities and larger villages, and
therefore large proportion our people are denied
the benefits to be derived therefrom. The disastrous
failures among savings banks in some of sister
states during the past year, have furnished too
vincing evidence that they not always managed
with that care and honesty without which they are
not entitled to confidence.
I am, therefore, inclined to look with great favor
upon the proposition to organize postal savings
banks, and in connection Herewith to issue series
of United States bonds of such denominations and
with such provision for distribution and redemption
th+ noorla of lirlited means if they desire in