, 1879-08-21

lFHIEa hIHt II AhllElil IN thAlit. W.
o.lsiners community. It u,ay he sntd wtt''o,it
sxa1Erra1lpn, That io-t1ny tile American renpc
IRE, economically, Il, muct knunder curditfon,
lnn a!iHnSt a,y utllcr people Ill earth, anu
lint, II We art wIteiy, we ehnll soon ha In the
'ntnymcnt Of hgh pruspcritr.
This Is ahr ani'cr truth, which needs no cx-
aEgcfattnn IL tflakr It h1ncf,tt. Of ro,lrse. mo-
Hls will pretend tint, nftcr tllr yenrs Of tlIscnso
ucared. l'Itt we arr h, y stnto Of vigorous COLI
folesccnce. Every rnntlld observer knows th!sto
he st, n,ll It Is n.rlctn Tor our tiat.moncY anos.
tles. Win for Years llayc hecl' nccustnniGtl 70
ahH qon fS, n 70 'f,s t1x s
tic wiz, ZONE ot our Democrats would chusklc
nyer every rn'oM defeat, a'rl l,ok tfscrc'lHlous
nMt plonsnJ nt every Union ytcsbrv. ao our IN.
,n%sts snrss ,ps Sw ,,1 SnaS hnnpsunr eres' as e"
In nerd. and srowt ut every rny Of sunshine tlMt
crcrs fllr llppes Of tlM: fcet nj mankind, but
rs ilc ncrctlultly OF those nGsnocFuts coitd not
STOP our. artn'es n t'le tlelu, 50 w WAYS a'n!
nrfest The restvnl Of prosperity. However rad
I: may be, t.ey must benr it, md 'lually FcsoE-
nizc its reality.
Now, WHIT has bcc9ma Of @ those IL dismal ,o Pre-;
tlnuncirrs have SO long tried to frtghtcn tn.
American people out Of the resumption poffcyf
lit every single point tho result alas Enost etti-
pllaticnlly -belfcd tllctr nropheslea. All tlry
iInrc accomplished h to provc coucl,1sfvcly that
tle pa;,cr-mnncY foctors did not understand
tllc case. They insisted tlnt thu patient would
certainly die Il l,e lid not take more green
backs. The pntlcnt took spec!c instead o1 fnure
greenbacka, md II vigorously cunralcsccut. It
INN become clear, not thai the patient wanted
Inure Erccnbacks, hut that the doctora "nrt
more sense.
And now the sumo t'ortora approach US ngatn
With tic same sclfconI1denrc AMI The sano
are getting well without yDur tlrug.h lmpus-
sib!e." answer t'e doctors. "ll yon 81 10 MOI
ss,5 - w" ~ ~, ~, ,,a"n,nr,'oi,,
,n' " nssrento - ~ H., o snn'o ;no,, TX
fats,, - i.n ,,sedsotinn. ~, 1T n,uo, .na hsnn @
y, ~ ui, ~ nnsn1i hr cxncr,rn"c. shnl1 now
tI ~ @ osio ,, y. s,.nt
.Ea'I s sa.t .ti ~ ~ Wati; -. .".t i.i"r
sE,, ~ ''s''p'tS " e' tsepo'''e ~ '''eA ''Aee''
s"tp' an, c,.., ~ o,ta -t,. r,,,ro,,,,. han,
IN tn's statG @ o. un!n .hs ne'aoerass f n navo
H. ,,rr,, ~ ~ nnii,ic. XII n"nv :, ~,
oWGs ~ psoanGte. y. hE.iss ~ nns ~ ~ ~, ~
a. n,,.i ,oat nome"r,. Gn"n,o rinr
,,iaa , 1,. ynrr nam,n ~ a., mia,
u.ss Mm r.. ~ w.. ns 'e.. ~ ~ ~ mht
.n oi' na 9.sa.oa III i,nsiso ta pnn,n, nris -
@ 1--WE, rnn,.i, i. .var,iordtm, ill., ~, ,rith aha
cnms u ,SAe. ~ t,,cn IN ~. ~. m.' ,,se
t.,st;,, " ~ 1,rin tn,,31 i,.rn to.n avf.
rfnnt to cxnnsc onf drtrnt tI,c strotarr,n.
SiGnt Si " eApueS h.'s H.'e.s III, e .,ts ~,
aaLu'er 1ta5 ~ s"o n,s ss ~ IKE t.t t..I
entess y. wv. IT, o, W. rns,M 1 s'vs
y ~ t,.Ma.to III *,
rG =. ntse o9 .i ~. 'efF " na nv,
country, sseo ~ se.H - l ssIu.S 1n,, w.. y ss-
clc pa!Mchtst - "uuit asa1li uIem a " .,eu
eiatic party a., oses te ~ aaa suu'n .,. ~. ~
n w. " t3tnr q -,
at tne wae" etcsav ~ pavf ~ ~
nsecssat5 ~ ''I M ~ S.t,t ~ ~ lean,,.i
II "ou4u aealn tntcasca L. ts..c ~ r.
anu TO throw our eennohc aesctopins"' ls' Taex
!nto tne 4'n us.til1,hty I'M I'll. son."eo;. 1aIs
nc atato cteGton III Cn.o nas ukA.'', I'D ~ "ao III
1o'o' acau'Feu hat'ohH' ''i'poisAteo' ...-....,
WHAT does TffE ONO DNACCK4CY DENtNnf
They sneak no longer Of the immediate repeal.
Of tbc Resumption net, which would, ulleeli, be
like uskI,,g for the repenl Of this norag'a SIN,
rlsc. DuI, as tilrt formerly ssroyc 10 prevent
resumption, 90 they now seek to overthrow s1ic-
cic rasmcnts. The way III which tfry seek 10
do this is defined Ia the foloWtn resolution OF
their platform:
HW'e demunl the gradual substitution OF
be made recevRhlo for all dues nu leg al tc,ilrr
eoually with coin, eucl Gpyrrumcnt tsa,,ca tu
be regulated upon principles Established by
lsslsato ~ Of s orEanS la~ 60 % t. secure ts
Lei us look Ut thIa resolution. The first past
of Il ia caslly ,ntetItrIhe. II tnens thai by tir
destruction of tl,e Nntionnl- pankiu. system.
nnu substituting crcenf,ac.s Tor NatIonal-l,a,,ls
nulos thr atnn,tnt Of pnper c,1Ercnry tor The re-.
dcrnpslon nf which with coin ihe Government Is
Directly rcsuGustule viii be- about Inubted, Al
present tle Government is directly resuonalhle
fot S:aG,81O,0G0 of erecnlntka. Tin n It viii he
tt,ted for orSntto1al-bul,k notes in ntltIoU.- o]l
about s{j7D.a1O, CO Of Government pnpes-mouey,
How Will ills affect fhr maintenance Of apccja
naymcutsi The atunt,ut Ut paper currency d.
reriiy rclecmnh}e by the tipyern,pcut pcl,Ir
Joulilet the a1rpl,p. 1T cnip.resetyc hrIti in tie
Trcgel,rr 10 secure retIcmptInn must be largely
increased also. think that In ills INSTANCE ii
Would haye to be more tha,l doubled. Whyl
The nmuuut OF co,n.rpfeTye to br held by n
(;oyeruu,rnt or d bank for tic redemption Of IT'S
uancr circulation, so az to keep lIGl, currency
10 to par With coin, depends in 4 grcpt measure
uron Tia confidence Of thr public not o,,jy in
lie ebtty, but aIsp fn the GOOD faith p[ th1t
Goycrnneut Of bank ns to tilc redemption, of
the pRupr currency. When that confidence Is
perfect there Ia coupuratlvcIv little danger
Of those alarms whci, produco runs {ur t,Ir
conversion OF pnpcr currency Into cusu. hut
when there is reason for djstrust as to the Wis.
don, or The touosty OF purpose at thr Goyer,-
1ueut 0, bank witt, regard 10 tile redcmpt}un Of
lie nnDrr eurrrt,cy s,rE ul1rtus n,nl ri,ns are
more up, to occur, alid lie lotn-reseryo ulust
therefore be larger in proportion so a, to
strengthen public co,,fltlcuce,
now, then. would public confidence be Infected
he fhr aIuntj,n nt TIN Tjrtnfmrofic nrrrrm,,t,,,c
substitution of grccnbarks Tor Nntional bank
uptcs4 Every sensible man woufd nj onre nm.
llcrsta,,,t that ts measure was carried. not by
the friends, but by tn. encmtes Of epccio pay-