The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1880-12-17

. san r'r'lt~ TOT tue remainder ~ the
snflcicnt "a meet the e<tiinnfed * pcnsiifu r..s
OF .ne Year. and leave surplus Of ssocoooc
nue. occurs 40 period when Il rlay he al.
ir,sy appiedt 70 the payment of the public
Has been =, more re- sas,aa,1s No. pubic duty
huel states than the policy ~ paying the
N1 Tho Az, GEN. a' - rapidly - possible.
~. Treasury aud exclusive ~ accruing inter.
est. attained it, maximum ~ s276 lsi .aa in
dnced 10 81 .s~iois, sosss. ~ The princin", ~
me debt Sloe.shs.loo has been paid since
hafch Y Isl ehectingan annual saving Of IN.
tS.tet "a -. lNssAn The burden of interest has |
a'ro been diminished hy THE sale of boneis
tearing low rate ~ interest. aud the appii
canon 81 the proceeds 10 the redcrrpfion al i
bonds bearing higher rat. The annual /
81 Sang INA thus secured since March l. Ism. Is |
Within short period over six hundred
mtiinns q iive and six per cent bonds win l
hecome. redeemablc. Tnis presents 4 very
favorable opportunity not only 10 further rxs.
ducc the principal OF the debt, but also 70 re-.
unce the rate 81 interest that which will
arna' J, w PAM, call the attention Of Con
fIr-~ " the views cN pressed on this subject
~ the Secretary OF the Treasury IN his an |
, nnni r u and recommend prompt legisia
comniete the rounding OF the debt which Il
about to mature.
The continuanceof specie payments has not
been interrupted or endangered since the
date ~ resumption. IL has contributed greatly
90 the revival Of business and 70 our rcmark.
able prosperity. The fears that preceded and
accompanied resumption have proved
groundless. No considerable amount OF
redemption. while very large sums of gold
bullion, both domestic and imported are |
taken t. the mints and exchanged for coin or
notes. The increase Of coin and bullion in the
United states since January 1, is79 Is est /
There are still in existence, uncanceled.
.Vs Of United states legal tender notes | I
These notes were authorized as a war meas L
, us.; maae necessary by the exigencies OF the
connict IN which the United states was then =
enxageu. The preservation Of the Nations | d
exlstence required, in the Judgment OF Con =
That IL served well the purpose lor wS ar X
was created l. not questioned but the EN- =
p poI,nen, o. the notes a paper money linden
OBJECT Tor which they were provided WAS
not contemplated by the trainers Of +,
IT, the law under which they were issued q
These notes long since became like any :,
other pecuninry obligation 81 the Govern -
~ =, deot 70 DC paid and when paid to o.
edness no longer existing therefore repeat =,
what was said IN the annual message Of last II
United States notes, with the capacity of legal :,
lender IN private contracts, j. step tobe =,
~, =. q our PROGRESS towards safe and "a
policy and duty Of the Government and the In
interest ana security OF the people. ia
SILVER COINAGE. er
AZ the time Of the passage Of the act now an
n force requiring the coinage Of silver dol. BY
ar-, liking their value and giving them legal We
enuer character y was believed by many OF NO
ne supporters OF the measure, that the silver
ioilar, which it authorized. would speedily
'ecome. under the operations OF the law, Of 20
we're other supporters Of the bin who. while lin
hey doubted a. 70 the probability OF this re- Inn
MT nevertheless were willing TO give the ex- ms
oinage. Il experience should prove that the Ri'
liver dollar authorized by the bin Continued be-
~ pc o. les commercial value than the stand Of
The coinage Of silver dollars under me
PC act referred 20. began in March. Ing ~,
equired by the act The average rate ma
er month TO the present time has been at
.s1s.tss The total amount coined prior to the mu
rst Of November last was s7a.sl7.!5o' OF this cor
mount S1.0et.t5o remain in the Treasury. | ed
no only ~ .es ~ are In the hands Of the -.
eep this currency in circulation, and consid see
rable expense has been necessarily incur wa
reasury is prompt and sure. Contrary 10 tloI
le ccnndent anticipation Of the friends Of the
e measure at the time Of its adoption, the duo
sine q the silver dollar, containing lI2K Int
'aans OF silver. has not increased. During tral
e year prior TO the passage IF the bill au. ~ Z
orizing it, coinage. the market value Of the bet
liver which IL contained was from ninety 90 The
ne.f TWO cents, as compared with the cna
andard gold dollar. During the last yoar iuri i
e average market value Of the silver dollar ana
= been eighty eight and half cent? req
L i obvious that the legislation Of the last soI
lsed on an anticipated rise in the value ~ mes
ser n "A result OF that legislation has failed Il
produce the effect then predicted. The aist
nSer tie law remains In force, requiring A Il mo,
~ Tie coinage Of nominal dollar. which. viii
reaiity, u not dollar. the greater becomes arr
cept single metal AZ the soie icrsi sho
andard Of value, in circulation, and this 4 the
anaAru q less value than IL purports TO be gro ro'
,itn IN the recognized money Of the world. ser,
The Constitution OF the United States. this
T.. all require that the country should have rive
is legal tender money, both gold and ~. Fr
7 coin. 81 an intrinsic value. rs bullion else
uivaient to that which unon a. fo~.r ~ hun
ess terms. recognizes both gold and silver app
the only true legal-tender money. 10 pro-
nish either OF these metals from our cur. Nth
my IL to narrow and limit the Circulating brea
I'm OF exchange 70 the disparagcmem II 81 4
~ rant interests The United states pro. ana q
q l. directly interested in maintaining II ~ ncco
e OF the two precious metals which furnish tnor
igmenf' contribute 10 rnis res,,s y ~ my iinis
y repeal 80 much Of existing Legislation ~ OF u
Iuires the coinage Of silver dollars contain on
Only tisA grains OF silver, and in it, stead nnl
lhoIlze the ~ecresAfJ of the Treasury 70 unns
y silver dollars OF equivalent value bull p rla
IN. and will be in accordance with Tn
niliar preccdents. Congress- on sew War
Y occasions has alteSed the ratio Of value estln
more nearly in accordance with the actual IN
10 Of value between the two metals recol
n financial legislation every measure IN fbe um q
ecfion Of greater fidelity in the discharge The
peeunlary obligations, has been fonnd by Sou
pericnre TO diminish the rates ~ intere.s, fifty
ich debtors am renuircd IA nav ami ~, ~. ing
a-c the facility WITH which u,s,,,ev ,.a,, i The
tanned for every euIt.rna,e ,..,r,,nssa ~. cons
y reeenf financial history shows how surely linen
ncy becomes abundant whenever conf. WITH
legations a estabiisncd - sfruc
..,.... only
(, ~ Ahhf Their
w 1ecfstafy of war reports that the cx. visio
lditures Oi the War Department for The volu,
~ y'.tr enHtu June I'D, ls-0. were St9.g2f great
W The appropriations for fhiS DcpMri. FINAL
t1 swf thc current fiscal year. amount to dnrif
sttsplv ~, cal III