Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1879-07-24

Making a net annual saving in inter
est through the refunding and resump-
ton operations since March !, 1877,
of $1O,372,177.
In addition to the above bonds there
were issued in 1878. to replace coin
used in payment of the Halifax award,
4 per cent. bonds of 1907 amounting
to S., 100000.
Secretary Sherman may be justly
proud of the above showing in carry
ing out with firm and determined
hand the principles inaugurated by
the Republican party when he was
chairman of the Senate Committee on
finance. Every loyal citizen should
be proud of the firm stand taken by
Secretary Sherman in these days OF
Southern reputation. Every obliga-
ton Of the Government has boon met,
and the National debt has been re-
duced nearly 1854 200, 900. and an
annual saving in interest of over 49,
900, 200.
Secretary Sherman truly remarked
at Philadelphia recently:
1--WE are happily situated, compared
with other countries. We have a
broad, uncultivated area of land that
has never been broken by the plow.
We have mines compared with the en-
ormous value of which, the vaunted
mines Of Peru were poor and scant.
The Comstock Lode aud others are
greater than anything in the history of
the world. Two years ago labor was
suffering in the principal cities Of this
country Men were afraid that our
institutions could not stand the strain
and would break down, and that a Pc
Rod of depression greater than that in
England, France or Germany had
come. People were suffering and could
not get work, and discomfort reigned
supreme. Some went to uncultivated
lands in the West, others went away,
and migration finally equalized the de,
mand and supply of labor. until now,
IN two years, believe there is not
any part of the United States where
honest labor cannot get an honest DAYS
work'and honest money to pay for it.
There are those who held that our
noror oan1l bo 1
equal to coin with demand upon US
of $50, 100000 or 100000, 900
year. | can say to you now that we
have the means, so rarely do they
care about gold or silver for money,
that Only SZ000,000 have been drawn
for notes and greenbacks. This is the
strangest thing about it. Now that
gold is so easy to get, nobody cares to
take the trouble of carrying it. 1t is
a fact that in every month last year
and the year before, and the year be-
fore that, there was more gold paid
from the Treasury than has been de-
manded from the, 1st Of January of
this year to the present time for all
purposes, and our notes, instead Of be-
ing 10 or Is per cent. below par, now
that we have gold and silver to pay
them on demand, are actually at a
premium. The Treasury Department
in San Francisco wanted notes instead
of gold, and we refused to give them
greenbacks. In New York and Phila-
delphia no one wants gold. When
they couldn't get it everybody wanted
it, when they can nobody does. Re-
sumption is now fixed fact, but we
have got to stand by and not let DEM
agogues and tricksters cheat us out of
what we have accomplished"
The Confedro-Demoeracy continue
to show their dislike of the Union SOL
der. In 1869 Mr.. Sidney L. Wilson
was appointed doorkeeper of the
United States Senate gallery by Re-
publican Senate. He was a soldier in
a New York regiment during the war
and at the battle of Gettysburg had
both legs shot off. He had supplied
himself with artificial limbs and man
ages to get around on easy service such
as he has been performing, to give him
a respectable living. Now the Con-
federate Ak has fallen upon his official