Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1879-12-11
The Carpenter Resolution.

llCulS eDCOutaSlUS iN Que respect,
at least, namely: that neither politi-
cal party is disposed to disturb the
finances of the country. 1t looks
now as if the average Congressman
had been greatly enlightened on this
subject by the resolution of the re-
cent elections. All the indications
OF the first two days of the session
point ia the direction of repose.
Two resolutions have been intro
duced in the House to the effect that
the disturbance of the finance legis-
lation would be injudicious. One of
these wss introduced 10y Mr.. Price,
Of Iowa. and the other Ivy Colonel
Fort OF this State. To-day Senator
Matt Carpenter will introduce
similar resolution in the Senate.
His resolution states the position
which is likely to be taken, and
which certainly ought to be steadily
maintained during the entire session
For that reason we publish it, as
follows:
WHEREAS, The resumption Of specie pay
mcnt, rl!u circulation OF gold, silver aud green
backs as ia"iHl money Of the United States,
under existing laws, and the reasonable cX-
prc;ation that the present condition of the
finances of the country, will not be disturbed
10y prccipsale legislation, have been followed
toy he restoration of business confidence, the
revival of all industries of the country. aud
The Inauguration Of general prosperity and
WHEREAS, Stability Of financial policy is
genital to the successful conduct Of business
affairs therefore, be it
REsovLED That in the opinion of The Sen
ate, any legislation during the present session
oi Congress changing the existing system of
finance will be ineXpcdient.
The time has come when the mon
ely question should be eliminated
from politics, Ia the progress of
events some legislation will be ex-
pedient, but none occasioning any
disturbance or justifying any draw
ing of party lines. Future legisla-
zion should be recognition of
accomplished facts. In other
words, if any further changes are
made in the currency system of the
country by actual business legisla-
ton should confirm to it. For in
stance, in proportion, to a large eX-
tent, as coin is paid out, greenbacks
ure retired. That is inevitable, as
THE Journal demonstrated a few
days ago. That being the case,
there will gradually come to be a
very large extra reserve of paper
money in the Treasury. To keep
such surplus year after year would
be impolitic, for there would be a
constant possibility of loss, aud the
removal of that danger could be ac-
complished without party contest.
But at the present stage of develop
ment it is not clear to all that such
surplus will be accumulated, and
the proposition to retire greenbacks
now arCuses the old conflict between
contraction and iahation. Time
will change all this.
1t is still an open question wheth-
or the American people will consent
TO the use of actual coin, to any very
considerable extent. Taere are adj
,, %n;o 7oa ~ j. Which consideration
wv, tIi'I I.l-., - tha ,,ost ma;rbt 10 vat -
81 - a r', The Frnnch notion
, w &c., ,,raat daoi If coin # i 60
' rao@ JiTn.eJ tbronrb the land
9hat sa,ions drain is practically
;rn,Noss,Eln Tts cnnaraj nee i = safc.
MD araiost an exhaustive RIM
49, tIo snonIv Tbat is the nd.
s.antora "a - nnnnIar psn If tho
,1i, - y .ornt,.v il boarded IN