The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-21
Thes Currency Measures.

~ Financial measures brought before the
House OF Representatives are exceedingly
interesting, and It is gratifying to-see that
there Is apparent a liberal disposition IN
the matterof finance. The proposition that
opens the way for investments Of small
amounts ina per cent Federal bonds is SEN
slble ana practical. It is wisein country to
provide the way whereby people OF small
means may become interested in the ,credt
of the country. France has. given splen-
did illustration OF the wisdom Of this policy.
The people should be interested in keeping
no the reputation and credit OF their Gov
errnnment This is the best guarantee that
the people will be devoted to the public H.
tegrity. Whereas il the bonds OF a'1,ation
are, held by aliens and times become hard,
taxation, as people OF Virginia know, be-
comes disagrseable, and there may be such
n .::rarG uuist as an: advocate Of the theory
/ of "enioseed equity. =
ID OBJ yes, let the people all be Interested in
maintaining the public ,credit, and two good
effects will. follow :.:lst.: Everybody will
y stand firmly and honestly for. the. maihte-
.nancetof public credit and public honesty
| 'and I'd. EVERYBODY viii advocate prudence
and economy in public expenditure and
these are the antipodes Of extravaganza aud
corruption. ...,'.... - s,.,-5. ~
~ The proposition to put the four-per-cent.
bond ia the reach Of, people Of small means
is an Administration measure. It passed
! the House. promptly, and can hardly BE- him
dered in the Senate. This measure author
ICES the issue by the Secretary OF the Trea-
sury OF interest bearing certificates al. the
rate OF three per cent. for sums Of $40, and
permits those certificates to .be converted
ut any time into 4 per cent. bonds. The
lowest denomination Of those bonds is $50.
1t would be better were they as low as
$40. Mr. CAITTEEDEN, OF New York, a
a,ard-money man. suggested THAT there
should be bond as low as $40. The smaller
sum would be the best. III
Another biz that is altogether proper IL
that authorizing the receipt Of greenbacks
ia the payment OF import duties. 1T was
not particularly necessary, since gold aud
gpeenbacks are at par;; but stM ii IS very
web that the principle should be established
that the Government shall take IFS own
paper In The. ayrnentaf all debts duet to it.
These are good measures. y 7, ''5.. ssss
S. Tbs1e Is q d,spos stioa to follow, them up
with 7esaers. phe probability Isl that the
fnaneiai systeus may nndergo III some re-
sBeets q betterment. e S, S 8
There atrong 4 i ID IN nut sisyer
on q psrfes eqaaiity Vita 4o5IaTa thing,
! which eanaot be implanted without ma:
king the coins ri equal value nteinsicaily or,
{ By making las Mr..i HEwTrTpsopos asYths ST.
I yer coins Tedeemahie Ia areSShanee able for
gold. That ought 60 be dones That dona, All
Hiifgo right. The Combination OF TIE two;
COLDS 81 tsas basis Of Tie parsr. pnonsy of the.
nstion, and the issue si eoin-ce aeates, win
piace the fIpanciai IN she best possl-,
be dition- ofhe nfesonts 1osder sost
6hfngs e ia papossibis to cucumber solasf
isierse III rsats Of trans OF
( hesgy il saYs npa Etfaor-:
sangses & It IN tssnaital aHs
ssaler. s Az a N issl q s;
sss ssaIs Il & D \ So