The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-04

paper money into manufactured
and cotton: also into securities or anything
Csc that has dropped down to a low oasis
OK value The feeling would set In to buy
would be the forerunner- of buoyant and
advancing markets in all lines of busines
IN this country. On the other hand, If Con-
gress passes a gold bond bill. a favorable
turn will come by the sale of the bonds In
Europe and the transfer of foreign gold to
quantities, If bonds enough were sold by
the government, as to remove the dspres-
sion prevailing here to the other side. The
dence in this country, and the loss OF IL
would depress CORRESPONDENCE the people
on the other side of the Atlantic.
THE holders of legal tenders who take
them TO the treasury and demand gold for
them discriminate against the kind of money
they surrender. and to meet such discrim-
make some provision to replace the gold
thus drawn. The only means of doing this
The government should be provided by an
act of Congress with another way, which
duties in gold. AS it stands now no one
pays into the custom house any gold what
ever, and this is a discrimination by the Inn
porters against gold money, as they make
payments of duties in every kind of money
excepting gold coin. One-half of the GUS
toms duties at least should be required by
This would be the best means of replenish-
iD~ the government gold reserve, and 1t
Wauiu De through a business process 1t Is
urged by some that such action would be
a discrimination against the legal-tender
monev of the country. Suppose 1t is? Do
not the people who present legal-tender
notes to the treasury and demand gold for
them discriminate AGAINST them? But In
trn., 1t would be a discrimination in favor
of the notes, because 1t would provide gold
with which to keep them redeenabIe.
'The discredit Of the present handicapped
condition of the United States Treasury is
not so much a discred't 70 the country as
TO those who are ADMINISTERING it's affairs
at Washington. The people of the country
are siraplv stockholders. as it were. in the
great United States CORPORATION. and they
will see to it that at their next meeting
TO vote thew will turn out everybody who
has been derelict in his duty and instru-
mental in bringing about the present state
If affairs. A good many of the Representa-
tives of sectional and personal interests, as
against national. it will be remembered.
were voted OUT of office last November. and
the balance will receive the same punish
rnent at an early day when the people have
the opportunity of exercising their power.
After the Augean stables have been
cleaned out the millennium will have ar
rived"
Saturdays Bank CIearings.
At Chicago-Clearings. s13, $40, 900. For the
on call. q on time. New York exchange.
60c premium. Sterling commercial, S4.S6s4Q
4.S7A.
ances, $7,37l,3A: For the week. $579,63S, 1856;
t misunderstanding. 49, SIC, 1ls: balances.
S2,oal, 4o5, For the week, ss5, 10O,0s6 bal
ances. $40. $50. 400.
AT MISUNDERSTANDING, ss.oS5 ,S37; bal
a y e ga S3aS, 542. For the b week: ciearings,
At Observation-Disclosures, ST., $50, 266: bal
ances, STA, 725. For the week: Clearings,
$64, 6S4, 042; balances, 81, 989, SS8.
At St Louis-Clearings. s4.o44,s17; bal
At misunderstanding. s., 4O1, 200.