Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1879-09-18
Something for Senatorial Cons1dera-
ton.

Mr.. EDITOR 1t appears there are
several candidates for the office of
State Senator willing and ready to
represent Grant county in that body
tor the next two years. These gen
tlemen are all capable and honest,
and so Tar as talent and personal
worth are concerned, would do honor
to the position. But there are a
great many Republicans in the county
that would like to know the opinion
of these gentlemen on certain cues
tons pertaining to our domestic as
well as our national financial policy.
Certainly, large number of Repub.
leans in the county teel much ag-
grieyed that the bill to reduce the
rate of interest was defeated last win.
ter by Republican Senate. They
know that no borrower can afford to
pay 10 per cent. for money, and they
also know that as long as the law au-
thoilzes contracts fol- 10 per cent. a
great many local lenders will hold on
to their money, hoping TO avail them
selves of opportunities to make their
loans at 10 per cent, and SO a great
deal OF money is kept out of circula
ton, waiting for these chances. Hi,
nois has reduced the legal rate OF in
terest to 8 per cent, SO no money is
kept idle there for chances to get the
former rate Of interest. Other States
last winter reduced the rate of inter
est on the ground that interest like
every other profits should come down
to 4 specie basis and it will not
come down as long as the law author.
ICES higher rate.
a great many Republicans think
also that the national income tax
ought to be restored, and that the
next Legislature ought emphatically
to press on Its members in Congress
the duty of imposing this tax that
ought never to have been abolished.
There is another matter on which
Republicans differ. An increasing
number of them are in favor OF free
coinage of gold aud silver, making
The commercial value of the gold and
silver dollar as near equal as possible.
They do not expect that either gold
or silver will ever again circulate as
the actual currency of the country,
except in small daily expenditures
where money is paid down. But
they do not see why every man or
woman that chooses to deposit 4l3
grains of silver in the United States
mint should not have a silver certifi.
cate or greenback if yoa prefer to
call it which should be made legal
tender for a dollar. In fact they do
not see the use of coming gold and
silver bullion at all except in small
quantities for every day use. Gold
and silver metal could circulate all
over the world in the form of certifi
Gates without expense or hazard to
any body. Nor can paper that is
equal to gold and silver ever become
too plenty; for these metals can only
be procured by labor, are supremely
valuable in the arts, Independent Of
their use as money, and he that gets
these metals whether in the shape OF
bullion or coin must render labor for
them equal in value to the effort OF
brain aud muscle that produced
them. And United States Ger
titicate of deposit convertible at all
times into gold and silver would be
still more valuable than the coin, the
payment of which was secured by
the certificate.
OF course everybody desires a re-
peal or modification OF the dog law.
if Mr.. Lee has not already annihilated
iniquity. Other matters might be
named, but any candidate that will
support such measures as above indi.
Gated will Insure himself the support
Of the Republican party in this county
and the people in general.
A REPUBLICAN.