Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1878-09-06
'ytie President or tic Currency,

of The State Agricultural Society. 1t presents |
an official statement of the national finances, |
comparing them with their condition ut the |
close Of tho war; showing the decrease OF the
public debt, the decrease in the interest paid,
and that only one.sizth Of tho bonds arc now
| held abroad, whereas in 1871 from eight hun
| drcd to one thousand millions were owned by
foreigners. lie also dwelt On the balance oil
trade being 10 favor Of the United States, and
drew the happiest conclusions from that fact.
| With regard to the currency he said the i'm
pr0Yement since the close OF the war had been
very great In 1868 the paper currency of the
country consisted Of greenkacks $432, ISL ,GO1;
national bank notes, $lTG,2l 955; fractional
currency, $26, 344, TAP; old demand notes,
| $lQ2, 9G5; treasury notes, compound interest
notes, aud State bank notes, estimated ct
800 000, 900; total, s135, I 266. Its value
was GO 32-lOO cents on tho dollar in CON- aud
it's total value in coin was $500, 905 $3.50. 10
1878 our paper currency consists OF greenbaeks,
sG4G, 6Sl, 0l6; national bank notes 1924 5l4, PSI;
fractional currency, SIC. 547, 1GS.II; tota! $751;
T43 1877.
Each dollar Of paper currency is no% worth
90! cents in oOiD, and the total value 10 COIN el
|
The value of the paper dollar is as stable as
that of CON- Coin and paper arc practically
abreast of each other. The luotualou III the
valuc of the paper dollar has not 10 the last
five months exceeded tho fraction OF Il cent
The total Increase 10 tho coin value OF cur
currency since 1868 is about $lI5, 10000
1t ia not necessary that | should dwell upon
the Importance of The favorable state of the
balance OF trade. Balances must be settled in
cash, in the money Of tho world. The enter.
nriscs of Our business men reach cut TO all
parts of the world. Our agricultural and man,
u!aclured products moro and moro seek and
iind their market ia foreign countries The
commerce of all parts OF tho world bound to-
scther moro than ever by steamships, railroads.
and telegraph 10 SO connected that it must be
conducted on tho same principles and by the
same nstrumcntalitlcs by all who take part in
it. We cannot if we would, VIC should not if
wo could, isolate ourselves from the rest CT the
commercial world.
In all our measures for the Improvement Of
our financial condition all should remember
that our increasing trade with South America
and with the Old World requires that our hnan
cial system shall be based on principles whose
soupdncss and wisdom are sanctioned by the
universal experience and tho general judgment
OF sill mankind With diminished aud still d.
mipishng public burdens Of debt, expenditures
and interest; with an Improved condition OF
currency anu foreign trade, We may we'll hope
that wn arc on the threshold OF better times
But We must not forget that the surcst tounda-
ton Of a restored financial prosperity is sound
constitutional currency and unsancd national
credit.
do not venture with confidence upon pre-
dictiops OF prosperity rcvIVlrg. | have no
| # brn Lut :
how it stands. The debt is O great burden up
on labor and capital. 1t is greatly diminished,
and is still diminishing. Taxation is great
burden upon labor and capital and it is greatly
diminished and is sill diminishing. So, too,
as to the expenses OF the government, and then
With that which helps us, a sound currency
coming, ard immigration coming, may l not
confidently say that these arc Indications, ct
least, that We are marching to tie threshold OF
reviving general business prosperity.
And now shall We lock around for q new way
10 pay old debts, or shall We march in the paths
marked out by the fathers, the paths Of hon
csty, OF Industry, of economy? Shall ne DO
what Washington and franklin would advise?
That is the question before the people to-day.
My friends, | enter upon 10 discussion OF g dis
putcd question, but say as my opiuion-wo
may be mistaken all Of us-hut l believe that
restored financial condition depends largely
upon an honest currency. The commerce OF
tho world is the commerce n0W n which We
are taking part, aud that il the same thing the
globe around. Where there is very hard times
in ono great nation, sooner or later it goes
ar0uOd. We should then use our financial
system on principles, and by instruncntalities
that are sanctioned and approved by the best
Judgment OF the whole commercial world
Then ! repeat, ii We want our standard tttloan-
cial prosperity TO DO based upon sure and safe
foundations. let US remember, let Us Ill rencm-
ber that ils best security is an untarnishcd pa.
tioual credit and d sound constitutional cur
rcncy.
TYLER STANsbURY NUr1IALs.-The we'd
ding Of DR.. Walter Bowie Tyler, one OF the
most prominent physicians OF Georgetown, and
the lovely and amiable Miss Kate NJ. STAINS.
bury, daughter of DR.. Charles L. Stausbury,
was celebrated last evening at Christ Protestant
Episcopal Church. The ceremony was per-
formed by the Rev. Mr.. Stuart, rector Ct tic
parish. The audience was most select. Many
distinguished members Of the medical probes.
sion aud OF the bar Of the District aud Of the
Supreme Court were present. The brides
dress Was OF lniian muslin, richly trimmed
with valencicnnes lace, aud looped with lilies Of
the valley and assaruine, bows 81 ribbon on
front and back, 1t vas cut in princess style,
high neck and short sleeves. The veil was of
long tulle silk, fastened with a wreath Of orange
| blossoms. The bride wore no ewelry whatever.
The ushers were Messrs. Samuel Tyler, (who
acted as best man, Charles Tyler, Hugh Ca
pertop, Charles Crorley, DR.. j. NJ. MackaII,
MIR. ". K. Stansbury, and Nlunroc Chew.
The charcel Of the church was beautifully dec
GRATED with flowers and cvergrccus. As the
bridal party entered the church--the bride
leaning upon the arm Of her fathcr--thc or.
eani5t, Mr.. McCartec, rendered, in most ex.
collent style, wedding march from Lohepgrlr.
The service was most beautiful, and. as the
contracting couple knelt upon the cushions, the
organst played "Traumcric," by Scbumanu.
| The bride vas given away by her father. As
the bridal party passed out Of The edfee, MIR.