The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1881-04-16

q very full and straightforward" statement
that the currency between 1868 ana 1873 was
increased about fifty millions Of dollars. He
continues: THE fact then stands thus: The
currency was contracted between 1865 and
1853, and several years of ospertty followed
The currency was expanded from 1858 to
1873, and the collapse OF business occurred
I}y this showing, 1t was proved couclusively
that the currency had nothing 10 do with The
panic, or, il 1t had, the argument was against
the greenback party The point here made
by the Secretary of the Interior was also made
Ivy the then Assistant Secretary of the Treas
ury. Gen. Hawley, IN speech in MENDOZA
The audience dppldnded Hpro0rIoUsfy.
In protesting to tell the truth, an omission
of a part has, in some cases, the moral turpi-
inde of direct falsehood. In quoting the
Bible, the omission OF the words "no more,"
IN the injunction LET him who stole steal"
is such case, and the case now being expos
ed is another. Many may plead ignorance
but the Secretaries, with 1.-The Official docu
ments before Them" know too much to be
permitted TO put IN such plea. To omit
telling their hearers that the Government pro
posed to return to specie basis by retiring
and cahceling United States notes, by act OF
April IL, 1866, that in twenty months from
ten to fifteen hundred thousand persons, most
ly artizans, were thrown out Of employment;
that a presidential election was near II hand,
and that the policy was abandoned; that the
act was suspended FEB. d. 1868, Is similar to
the Bible omission referred to above. The
Secretaries are just rs much entitled to the
credit of having given "a straightforward,
common sense talk" or truthfulness, rs are
those who, in quoting Scripture, say: "La
lin nho stole steal"
This is related as additional evidence of the
ct, ,yn ,har'c ,ifriu ~ re M
the fraud has been previously exposed.
1t was first proposed to return to specie
basis by retiring and canceliug United States
notes. This policy was abandoned, and coin
was borrowed to redeem them. Under this
second policy it has been estimated that the
shrinkage of values was eight or ten thous
ands of millions Of dollars. If the policy first
attempted had been carried out, the shrinkage
Of values would have been one, two or three
thousands of millions of dollars worse. How
much should be placed to the subscribers
credit in the bringing about OF this change OF
policy has been shown under the heading
preservation Of Greenbacks." In addition to
this service to The public, the subscriber
claims to have given to the world q rational
system of commercial exchange, or rational
system for the measurement and exchange of
labor and products. His ideas on the subject
were published in the Ottawa Repnb!tcdR, and
copies sent to Messrs. Scion Chase and
Patrick Ford. 1t has been more than year
slncc but neither has published the article.
although especially requested to do So
He has also added system of vowols to
Pilman's shorthand consonant alphabet,
which makes IA complete alphabet. script and
type, much superior to the Roman Protes'
sor Max Muller divides the sounds OF speech
into noises and tones accordingly the tones or
vowcs are arranged on the page, high and
low. as they are high and low in the scale
He would like to lave hearing before the
public upon these two subjects.
JAMES ADAIR.