Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1878-02-13

= the single one, but the purpose of ii
. money power was the diminution
: money in circulation, and il better ~
: complished that object by first ouilav
! ing silver and then seeking the speci
basis composed Of but one metal.
. cannot be denied that great progres
| has been made in this work of destro,
/. ing moneys, and all values, except III
value Of money, which is made create
, by being made scarcer and harder I
obtain.
AT the date Of the act Of January
1875, our volume Of currency was a
ready reduced IN proportion 10 populs
tl9n far below European nations wher
'hh"r commands barely suhs's,.ne ,n.,n
wages we hau hear'y one-nAii les
P' o"P"" wa" "vr""'y HnB"hu' 0
ria"oo' 'n'"'Vla' va u'N'i'Is "aS e'c'
'me" uPo" us' BUSINESS 'evhS "er'
hh"u. on every n"nu' sc nau tn'
w"rn'nH. v, "'"c P'eeou,'t y'nrS uur uur
,"s wn'cn 'no "non,y Vi 'ns v"un.p,
ono no oe'' u.''''',''nou n,A,y sioo,voV,
wv W oV,i'''iu.'o', .,,' anu pr"B WIZ, y,
uihe 'hc ilhoii't'es ior cohiherelhi ia'l
ures ana bankruptcies hWi risen iron
nm ay.rnge of abuut $1,000 600 u.i
-. II ...,u.t
a""u'n '" nv"'v 'n'eo nun''eu "i''i'"n
A panic hnd Just swept over the c0un
trv with sufii,i,nt h,voc and ruin 4,
,xtort ,b, admission fran G.nnra
Grant in his MESSAGE of December
Is73 Tim, our volumc nf crrrrn,v wa,
too small for our business even NJ Il,
dull,.t stages We had l,sstban s73b
600 600 moi countiny tract,nnl cur
r,uuy and vet ayainst In, suupIicntion,
of every uotiye business and ipdustr,
, s,iIl f,r,b.r r,dno,;nn wa. d;,,.,aj
and has been effected 10 the ex,ent n
nearly one hundred million. If how
ever. the law for the enforced resump
tion of specie payments is 70 stand un
r,pealed ON our stntnte.boolss tho,
there still remains A work of destruc
tion TO be done in this country far NOR,
extensive .dangerous and iullof wretch
edu.ss than we have ve, Witnessed
Tha, law d.cl.r.s ,ha,
o and after the Isl day Of Iapuary, A. d. 1879
the Secretary of the Treasury shall redeem in co
os n,sa ,Si, no.o. ,nsa oos,aas
oiics Of the assistant Treasurer Of The in,tet
States in he city Of New orb, in sums Of not h
'nIn m GOV
~ .o'" No.'' ",'o 'sou ''oa's o"'y
s",u w" A"u 'no "", :" Oruer 70 GU
ao'o '"e ''.v'o'"'y VI .no treasury |"
oay hI. o"s Wv. P'an 'o' Iet.r'ne ln'
S'oe''o"On S,o'.,' ''''oy i'o'i o'rou'"''on, au
,uoi,Nos mn W SCI, interest ocarihE
''.'..','. VoaIs W ~ oo.a'n so'u anu 70 use sucn
~" p,"' 'e'''u'' Us "e may na'o on
"uTu, ma ,.
No. ~ oo''an'a'n' a,i. nas unuer'ake' !
W. ."."sr n'o', 'no 'n,''iAaSo " Wv
p'noun. ~ VI currency, anu, seconu' IN.
pos'ess'o" =, so'u ~ sncn quantity ,na'
r, rue guy ,, eu" o'oonser'cu ,'''o tne otner
no sn'a'ier therefore, thc quan''ty Oh
so'u '"". o"n W oota'neu tnc greater
'"ss ~ ."o '.'u.,'on VI paper money
:" o,ue, '... ~ 'o'' uo''tr ipr uo',ar On rucn
" ""'. "" 'no'a.'0 a ""S'' ~ oeoo'io'
'p''a". h.'. l,, ~ 'n's Wv ~ h"ow VIVA Mna'
''aN ,e.s euu uo"o unuer ,no "a" VI yanua-
y, io'"' :" noeu.'u'a.''s so'u Us u
"e', w ", sP.''o pay 'ne"'s ea' ne"eo' '.'
na"y o"orss "ase oooh 'naue W ascer,
'an ,"' .Aao, ,, a,Ao"n' W ao'ua' go'u
""'0" 'u's pose''n''n' now OWNS
h""o o' "h,cn mas oeeh ehtireiy sue
cesSiul, ior the reason that the sum Ii
~ small but itis perfectly sale 10 state,
alter deductlng lhc amount due ~ IN
lerert on bonds, that there are not TINS
Iny MY millions OF gold IN the United
States treasury ana !" ali the national
Ns'"p'''n "
~ az patG y" 'n"' uae'' ''o S"'O
en W 'h '"'' Poo, p''.anVo w" eo.e s ~
% on- nne s" so '1' '"o ,ouen'p.'on " S''V''
wv 1"''ov ~, |" '.sa-'snus, s, no.,', soo, oo"'
o. ooe eu s'evuoa' n' ~, a'' - So
$500 ~ "1.''"i'-u"''",uo'o -, "a, e'ec' ec,,
CO., CO.. "~S =, so !" az 'uo SUN VI eof.,, =
vo,o.Dv ...'''' IL. .e'! ,", WI" ~ ~
s"os0 Nv oe"e,o 'na' ~ T" so's 70
J"e'vns I'..'.s, ~ ,uo oneu'at'o. M wv. anu ~ w
'''ou " V' =" r"Po'' 'na' o", p,o
,o"s ',s,''' o''u,''on =; % VI "a ~ eo'u 70 aoou'
m%a,io" ,'",',,; W P"per n,"s, " ,a',sa1 re- re,
,.'',';.' Yaa~eu a"'' W. W. ."y IAIu w.
''pVp". ""s p'ooao"y
y y ,ae'e W "'y 'a,ee, ,"'''aso !" n, y'u
!" 'no Nau''S VI 'he treasury "ni
,bs rr,.ssr, ,,ar hv l.v',l;n', "n 49,,
nonu, oc ~. ,,,Ll' Il, onr 80 p i"e ;"s
ar hv I.vnl;n,, doa, ,h, e~ a,,,,a, p'," ns ,,,',
r,.nn, ,.;r',,,a,;o,' n" on' " - w."
S ~, ;'.' ;" tn."'a,v" ,',,, IN Y ono I'a''.
,y,n, ~, ,e,i wa ff' Wv"
o -
y" ,ne contrary hear'y a' 'ne pro
uuce "i our mines goes y" ,hem 10 pay
,ntereS'on = pao''csecnrll'es held abroad
pu' even u tn,S government cou'a urn
tno eh.'ro so'u yie'n OF every hm'r-
can mime ih'o tho treasury between
mus mus ana the lst day OF January,
1879 the supply would iail lar short OF
u specie hasis ior ohe-Ehth part OF our
present circulation During the year
that mas Just closed, lo,r tbe gold
coinage OF our ','lntS reached only the
sum Oh 4,o'oios' Inc oulk OF TINS
sum went "oroau' portion OF " -
boarded ny private parties, and a small
traction perhaps; iound i's way INTO
tne coIiorS ol tne uoVerhment an OK