Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1879-12-25
DOCTORS DISAGREEIWG.

expresses the position or large
number Of our safest and most re-
spected Statesmen and public journ-
ais, relative to the financial policy
enunciated by the resolutions OF
Senator Carpenter, which we pub
Iished two weeks ago. Among those
agreeing with the view taken by the
Sentinel are President Hayes, and
JOHN Sherman, i'll high official sta
ton and Horace Rublee of our
own state, who has published q
strong article on the subject. When
men OF such character and promi-
hence take position on a great ques-
ton. it merits careful attention from
every citizen:
Senator Carpenters resolution on
the financial question seems to be
vastly more popular than the sug-
gestions Of President Hayes and
Secretary Sherman. On all sides,
from journals, both Republican and
Democratic, the ''let-welI-enough-
alone" policy urged by Senator Car
penter meets with hearty endorse
inent while Republicans and Dem
ocrats alike are opposed to the
suggestion Of the President that the
greenbacls be permanently retired.
This shows remarkable and some
what distressing condition OF the
public mind -- it shows what was
plainly declared in the last Presi-
Dental contest, that there is no
hard money political party IN this
country. Republicans aud Demo
Gratis alike, either from confusion of
mind, cowardice, CT party policy,
seek to avoid doing what is, in the
opinion of the best minds, the right
thing There was time when all
were agreed that legal tender issue
hy the Government was q grave evil.
but il was submitted to III the most
serious crisis III the life of the nation.
The experience Of the country with
Government notes has not shown the
first belief Ia the evil of such an
issue to have been unfounded--on
the contrary the previous experience
of the world has been fully justified
by it.
The men who are most responsible
for the fact that the United States
has been able to shape its financial
policy as well as it. has, are convlnc-
ed that perfect safety lies only in the
early and final retirement of the
Government from the banking bust
ness. When the Supreme Court de-
cided upon the constitutionality Of
legal.tenders it was when the Issue
was looked upon solely as the ex-
ercises OF war power-and the JUS
tees were careful to urge as prompt
n return to specie as possible the
earliest redemption Of all legal
tender notes. They felt, with the
ablest iinanciers, that while there
was an overwhelming necessity for
the issue of Government notes when
the existence of the Government
was at stake, yet it could not but
prove very serious eyil--as it has
proved. 1t was understood on all
hands that these notes should he re-
deemed at the earliest possible mo-
ment. Now, however, aud without
good cause, the disposition TO con
tinue these notes, to reissue them,
has become Widespread and no party
has the courage to advocate their
final retirement.
This country will never be safely
prosperous, the financial question
will never be taken out of politics,
until there is decision Of the Su-
preme Court against the reissue of
Government notes or until the Gov
ernment refuses to reissue without
decision. The country will never
he in better condition to retire these
notes than it is now. With the ball
ance of trade III our favor SO that
we are receiving Immense quantities
of specie, with an amount Of circu-
lating currency greater than legiti-
mate trade demands. we are now III
splendid form to finish the work Of
placing the finances upon perma-
neut specie Of basis As a result of
an excess of currpucy SppculatlOn