The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1878-09-19

|ssi wcen the boudholder.-eold for tho
householder and deprecated money for the
people. Il would si once stop the funding
operations under which We hsvs one-thtrd
Of the interest Of the ssiioasl debt. No
mau would buy either Q four osauhxvpw,
cent. bond 10 the faoe Of IN nanS5l.
alton. Again. as tho notes dspreciats IL
becomes more difficult 10 provide coin for
the payment OF the interest. or would he
repudiate the obligation 10 pay the intsr-
est In coin lie says he 10 In favor Of res
ceivins gseeubncks for custom du ties,
will be. then. buy coin II SO, his pol
icy will already have advanced the vslos
Of coin.
These are questions that 90 ssiuts Q
rsasoner o. Judge Thurmsn ought fairly
- answer before he persusdss the people
- embark In his scheme.
die proposes 10 issue more notss with
'sst any provisions for their payment,
when our revenues arc ample 10 meet orr
Expenditure. In time OF profound peses,
when there is no motive OF patriotism or
duty Or safety 10 impel such course, and
this merely 10 save the interest Of fou~
per cent on three hundred and twenty.
Two million dollars. But this very sot, 10
adopted. would prevent ou. selling n
thousand million Of four per cent. bands.
With which 10 pay an equal amout Of ak
per cent. bonds. and 10 tiis work On m,
nual loss 10 tho 0overnmeut Of twenty
IN 'lion dollars. or eight millions year
more than the entire pretended savage by
bis proposed policy.
Judge Thurman says there has been
contraction Of he currency. No one dis>
putes that there has been contraction Of
the currency. Tho amount Of United
States notes retired since the passage Of
the resumption aet 10, o. be states Il $35..
32s.9 1881. But there Was issuel 10 nation.
al banks in place Of this 81. ,23o Of
circulating notes Il is true that nat ion.
al bank notes have been retired. bat THE
be- been done. not under the rssumptioa
ac'. but by voluntary sction Of the bsuks.
They are free 10 issue or ret . tbe'~
notes, and they have done 90.
II the special privilege about which hs
has discussed so much was 20 valuable 70
them, they would have increased their 10.
sues OF bank notes, but instead Of thas the
burden imposed upon this privilege and
the want OF profitable use Of the money
have induced the banks 10 reduce the'-
circulation TO muoh greater amount than
IL has been increased, 90 thst The sRsc.
hay been large decrease Of the currency
OF the county. but this has not been eaus,
cd by the resumption aot.
Now, these are the objections stated to
the national banks BY Judge Thurman.
and my answer to them. Il comes bsok
again TO this Shall We have Ia The Uuiss
ed States = currency redesmsbls IL cola ,
Will We to save interest bear iu he future
oil tho evils Of an i,rsdssmabls ou, ,euoy.
tear up . system Of banks ia6uitsly better
than any ever befor enjoyed In this oouus
try. compel these banks now TO ean n
eir loans and close sp their soeouats.
and add TO the distress Of the times by
DANGEROUS and almost revolutionary pro.
ceedinss against corporations Of our ewa
creation which have no special privileges.
aud which contribute 10 the general good
y paying large taxes and by Getting %
p ivsnisnt loo sed agencies sf losns and
b .achsnss :