The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1895-01-30

| any Va luc lSLuP0idy dHd SuPiii
cal remedies that have been pro
posed. Nothing could be clearei
than the fact that the trouble calls
for constitutional treatment ant
heroic methods. Primarily, th,
drain of gold from the treasury
must be arrested, and. next, tn,
conditions that favored and pro
NOTED that drain must be eradi
Gated.
In other words, It is necessary
first, that we replenish our stock
of gold by an issue Of bonds, and,
secondly, that we provide for such
an abundant national revenue that
the motive for further depletion
will be permanently removed.
No one, we assume, now believes
that any measurable relief is pos.
sible as a result Of such home
opathic expedients as have been
resorted to within the past few
months. Experienee has shown
US that to obtain $50, 900, 900 or
S57, ,ooo, 900 gold by a sale of bonds
is to change nothing. The gold
comes in, to be sure, but it does
not remain. There is not enough
of it to restore confidence, and the
old process of depletion, made so
practicable by our currency laws,
sets. in afresh almost before the ink
is dry upon the signatures to the
bonds. Within a fortnight the
situation is as deplorable as ever.
We have added $4,000, 900 more
to our debt, but the gold supply is
as scant as though nothing had
been done. The government
might 60 on at this ratc indefinite
ly, supposing that tie bonds could
be sold indefinitely, and il would
get no nearer solution Of the diff.
6culty.
What is needed 10 meet inne
diate emergencies is an issue ofnot
less than $500, 900, ,coo Of bonds-a
that will bring in Al lhi;a-
dance Of gold. We want a supply
that cannot be exhausted within 4
month by the end S chain pro
cess ofredeemins paper-a supply
so large that its mere existence
will quit the apprehensions Of the
country and destroy the incentive
Of hasly and indiscriminate with.
drawal. A loan that can be taken
up by half a dozen banks or capi-
talists avails nothing, as We have
seen. Now let US try the expert
ment of a loan that will be distrib.
uted among the markets Of the
world; that will embrace all classes
Of our people that will be too large
for any New York syndicate to
handle, and that cannot be robbed
Of its bcn.fcence within a month
by the simple but effective expedi.
ent Of the endless chain.
Even that, Of course, will not
achieve a permanent and final cure,
or until we provide the treasury
with a revenue in notable excess
Of its expenditures the forces Of de-
pletion will remain in active and
unceasing operation. But il will
give the country a breathing spell
Of security and congress leisure for
an intelligent and effective recon.
s,ruction OF our tariff and financial
systems. We know, now, that
we can maintain our gold reserve
without difficulty, once We make
IL clear that the government has
reached a solvent basis. AL VIC
need, therefore, is legislation which
puts US permanently on that basis,
ard meanwhile. a supply OF gold
that will suffice pending the de-
sired consummation.
A terrible boiler explosion shook
Mendoza, ILL.,, and the surrounding
country for miles Friday afternoon.
Six dead and seven injured are the
known victims Of the calamity.
The explosion was in the brewery
of c. Henning & Sons. The
names Of the known dead are: c.
Keifert, David Cheer, David
Wells, Adam Berscheidt.
The news that U. S. $. Raleigh
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