The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-09-26

accompanied by increased natf9nal
credit, and by large reduction ot tie
interesto Of the national debt
Under the Refuntiing aet. Whieh is
designed to convert our per cent
bonds into bonds bearing q lower rage
of interest, we have aIreads sole Il + paf
in coin 8500001, 000 Of peI cent,
bonds, $246,000 600 OF pef cent.
bonds, ,000,000of 4 per cent bonds,
the proceeds OF which except 500, o00,-
600 sold for gold coin in uald5 Aaye
been applied to pay an eqaal amount
OF s per cent. debt, making an annual
saving in the interest OF the gtabt OF
$lO,OO0,0O0, and we are now daily SELL
ing e1le 4 per cent. bonds directly t.
the people Oh the basis Of popular
loan, in sums us low as $50. IEese
bonds have become the savings banks
of the people, q safe deposit for 5hel
surplus money, always aVallaOie
for use when needed, and depending
upon the honor OF the nation, dna
Therefore, safe from loss. The most
satisfactory feature OF this loan is tudt
lit is being held III small sums Dy great
numbers of our fell0W-citlZeno, and is
distributed through all the States in
the Union. During the first twenty
days Of the present month our sales OF
4 per cent. bonds amounted 10 $40, Co.,
600, and [ have the confident ass urance
that during this year they Will exceed
$780, 100000, and will pay OIL all tile
500 per cent. bonds OF the issue uf
1865.
PRODUCTION OF GOLD AND SILVER. 81
The United States is now the largest
producer OF gold and silver i'll the
world. During the last year The esJl-
mated production OF gold Was $45 ,000,-
900, and of silver, $39,OO0,0O0, ana,
though the COmstOck lode gives eVI-
dence of exhaustion, other mines are
being discovered, and the probabilities
are that our production will increase
rather than diminish. This is an inn
portant element III the question OF our
ability to maintain resumption.
DEVELOPMENT Or AGRICULTURE.
Then, again, the enormous develop
.ment OF cur agricultural production,
the chief employment OF our people,
gives a source Of wealth and prosperity
.uneXampled in any nation i'll modern
times. From the Atlantic to the Pa
cifc, from Canada to the Gulf OF Mex
leo, our country has been blessed with
bOuntiful haryeStS, assuring plenty OF
food to all our people and an increase
OF our exports to Europe. / under
stand that a rich stream of wheat is
now pouring into your pert for ship
Imont.
1t is this industry which lies at The
foundation of our prosperity, which
invites now millions Of laborers to aid
in the development of uacultivated
lands. The war withdrew from agri-
culture millions OF labor6rs who are
again invited to join in this most
healthful and happy pursuit Of life,
and the crowded cities are freely in
yited to send their surplus population
to fruitful fields and bountiful harvests.
After the wal OF 1912 the migration
commenced which peopled Ohio, Indi-
ana and Illinois, and, although there
are no such rich lands open now fol-
settlement, yet Texas, Kansas and. Ne
braSka, and the whole tier Of states
west Of the Missouri river, together
with the undeveloped territories of
the West, invite migration and insure
to labor q just reward, and offer them
facilities for transportation and settle
ment that our fathers did not enjoy.