The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-12-06

ban[s which came near u the people In all
sections Of the country and reaniiy iufhisneo
them with banking accommodations
ANY Inconvenience or Embarrassment aTAs-
ing from these restrictions on the locatioh oi
national banks might well pe reneu.tu " ,o -
ter adapting the present system 70 the efcattoh
o: BANKS IN smaller communities or oy i'f-
mfttln, banks OF large capital 70 esiab4lsn
branches la such localities ~ would serve the
p.ople. 80 regulated and restrained a. 70 se.
cure their safe and conservative control and
management. But there might nov oe ". ny
cc-,l.y for such an addition 10 the currency y.
new issues 81 bank circulation az ny hls,
glance is indicated. II we should DE io'ssru
IRON maintaining a goa mSe'',,,
the barometer OF our solvency.
and II our treasury should no longer " wv
foolish purveyor Of. gold Tor nations su.oau ~ =,
home. | should expect To see gold resume W
natural and normal functions ~ the pus,hes,
Affairs Of the country, and cease 70 Ds an liza 8
attracting the timid watch OF our people sno
exciting their sensitive imaginatoh-
THE sr YER s-EIcNIoRAcE-
/ do not overlook the fact that the canceiia-
vcr-purchasing act 81 lssv would icasc y
treasury IN the actu,, ownership 81 sumelsne
silver. including seigniorage' 10 con near,
liz sl-aoOUo in standard dollars
liz wortny OF consideration whether
This might not. from time 70 time
be converted into dollars or irac.lona. 49,
and slowly put into circulation, a~ IN the JuuR-
u,ant of ,he secretary OF the treasury. the
necessities Of the country should reAurc.
spr A QUESTION or QUANTITY, hit KIND
In the present stage % our dinicuty Y = nov
,asv ~ understand the extent - when our
revenue receipts uirectly Affects ~ Inc lm-
(, portant question il not the quantity ~ i1o 80
7 received IN revenue pAynents put sno srne
r.aonev we maintain ana our ability toeoht'nue
4, snind nnaucial condition. Ne are consul
Z erlng the government nolaihg q ho.u.a
g iatrd To lie soundness ana a. aheeNnt
.'r national credit and our monetary
! strength. n our x pld reserve ha" N.Y. ~.
4 impairca: IL no bonds had Deeh i>.neu :
! rfenl,n. il there had been no rear anu 'AiAiAu'.
4 rnnrnrr'inr our ability 70 continue GOO pay
= rnent: If any part OF our revenues WI. ..~"''
: paid In g0lu. and ~ we could lovn ILL., ~
Y rrc.luts 4. a means Of maintaining . s1i' ~
-.r.e. ne amount OF our rcven lts "ou.o 80
z influential factor in the prooie.i. y III,
: ~,unatrly all the circumstance .n sn,prnIv lack
iny' In our present preiicameht ho toIx -
q c.lyed by the government IN pay mtht /. ar
oue charges. nor would there DC II the tcN Vnns
warc Inrr,ased. The r. ccipts vi tue ts'a~ul.
when not in silver certihca'ce' ssu
y United states notes ana treasury y
to for silver purchases. These forms ~ MI -
or nr,v useful 10 the g-oyernmentin paying its cu
rent ordinary expenses, anu "a .n IA
q in government possession ~, ha, Nina q, "a
b. contribute toward giving " mat hinu - II, |.
III ,nancial standing or condition whlch - W.
on god alone. Ii it - >'siu that thvsc ~ M
hclu bv the government cal pc u>eu " ooma"
M gold for our rcscr We. the answer - easy,
~ neople draw gold from the treasury On uclns'
'nre iinon United states notes ana treasury ~
wa ht,t The proposition that the trcasus, al
~. semana draw gold from the people upon tNs
in would be regarded In these day WIN 10
g.. and amusement, and even II tai> couaa ~ y, ~
~ ,here 4. nothing 10 prevent those thus pai'i
~ vim their GOLD from regaining IL y. liz u,
", day or the next nour by the pfc~rhta,soh "
~. untes they received In exchange TOT ~
hmn me secretary Of the treasury mlsht u.cS =
w notes taxen from "A surplus revenue -.
III gold IN the market. oi course he so.a,. H.
this without PAYING Z prsmar n1nen, htyinr
ted n,ri,v 10 maintain. would not DC rtsti"'
0rc iru,I making the best bargain po>sloir
~ - .AIt - fhA - DAA
)re- ,nn;nrnf the secretary OF the treasury, %.
l. rold on any terms above par nc Moura 10,
nan fish a kentrai and universal Pt'na,n. IN
was inns breaking down the parity putr 49,
the MA silver. which tins govcrnineAtl II pie'-V'
SEQ maint4lu and opening the way W no"
vn- scri0u> complications would not
halt In me meantime the premium wouinA ~
900. ,raIn stationary and the aD>urn SpvSl
''"o might Ie presented OF "A ucalc. sou-
iarv tnc Government and with United s,a.es =
aenf - .,s,rv no,es ia hn, hand iinricaia
ciamoiiug for its return ana atc~a i,
higher premium. IL may pc '" ~
49, in~r. revenue ana reduced rccelp'~ ~
nun .,~ohlv .ff.rt the situation undcr ui>cus
e, ne aftorlin. an oppos tna.ty ~ rel'ih,ns :
.vIce notes IN the treasury wn'n lv.Srv"
~. nr,xrlting their presentation lot tu.'-
so- pr.is rr,.ni.on 10 be useful ulshi. 20
-. ,ea.t raea,uraDly permanent anu W. ~
~ r~elv what IS prohibited - lar a. :.
states notes are concerned ~ WY - :"
forpicang their future retirement
~ 40 Fr.n- OF OUR soLvENcv.
perha,s Il l.. supposed that sufficient re'
fAc4 T ~o-.l.,s- would. III ~ St.llmt AAaA - Fl -.
in The situation by inspiring c"hA'eAs' (.
serve. solyenry and ailaysn1 Inc Tear u -.
Md in exnauSt.ou, and yet All inrou-h"i. ~t,ur
'nitcl maintain cur gold reserve there hrN. -
/ has 49, ,nnechonsi ion as to our ready ap4lty
given our way with such money A. We MAJ -
NJ by question NhetDer or not OUT eun,'l a,o !,
uet oar current expenses enteiti ..eo.
cary mn.n y, NM ~nlycncy. OF course the -
gov ,are ~ nur funds. exclusive 81 solu' "
Aine-> ,ireIv immatcrial 10 the fortish Sre.u
and investor. His debt could oniy ue isa.u :, -
in ii. INA ., hts only concern was our ABILITY %
such On hand that kind OF money .,a
III on Hulk A. 1872. more than. a year anu
-esen ,a,ars ,he nrst bonds were issued. 20 rep
Inc gold reserve. there wa>a htt ual'.e
lleuci treasury. exclusive OF such .wp
I'D FOR than sl3tOOUO but the goid reserve anne
at ~ mora tnnn Slit.ttoOol. which was inv
iainly INC feature OF the situation hwa. WI
stock OF gold began rapidly 70 iaii ~
a the superyened. and our securltie. n.lu
or our wrre returned for sale. and debts owen
ANGEL were pressed FOR pay ment. 40 thc l,s.
monty exrcnsiye M OF Gold ana u.h'
treas favorable indications caused rcs'ic>'"'
. pay fright among our people ~ NOME
act Of THE OF GOLD
N Thereupon the general state 81 our
cx .lusIye OF gold. bccaine also n.isn ~
lAeiiis \ Iri,nr AGAINST all conting
ARE This II plainly shown by the iafE. IN
1870 lie proportion 81 Eohi wlthl,awn ma
icreas retained By our own re"p'e ~ ILL ~. .
mi pc, aniny Incidents progressed During VIZ
v,ar ending june 30. 1871, nearly -~'v,
.raa sJ gold was withdraw rom - vhi,e
,e more ABOUT .., raar ,nalne Jnne 80. isa5. Owe
mo q d was drawn out. 81 whien onts ~
"hiNu was shipped. leaving q inr-. pa'" = y
new o. wsr nIrawal, to be accounted iVr ny az
~, my hoaruing. xu
N rrr- prrSTy or MONEY FOR cuRht>f m
eae m,- a, ~ time when bonds have been -
VI re ,n~ro hrnr any consideration OF the quc
nd can- naviur the expenses 81 the gvNci ~
I. treas mar procccds. There wa no lercsN,Ns
,rnm.nt sidef That question. AlLht I'm raas
bonded issue vie had a -ssie suIpie- trM ,ne
arrulv o~t,nrrv operations cx,4H>Neoi eHc
autrr- 49, reserves IN February 1874 Wn'n
.Ar-nu- f~--o ~ oar bonds was fftaut sun
mon .,nounted to over Slssv'r" ~ ~"
alton 81 - non The second issue Wa inadc- II ~
df,low , nnver IA. OuVp. and IN Eepluats ~
oblsga- bonds for the tniru unr s,,uns, 90
nla, ~ainottcd 70 more IMAM s'"O
ia stand amounts To slSp o. t-oM .no ,
in rs.sIIc~ An rms the secretary OF tut !
\ fcllow MAJ III authority whatever 70 is~hc y
b bcnds Increase the ordinary rcNenue X ~
rgcd and cxneuspS. can not but thlnh n.y. ~
7ra lions snre confusion OF ideas regarulhs ="
oIld not ~ the ISSUE OF bonds ana tnc rc~.,
we have withdrawal q Roiu. s,nu, II Min
,he ink aasurv United states notes anu
nr,as ~ uold increased BY their ah'
am nj Of ,rnrev which was In the nrst ih~tan''
70 notes ~ nr,iirary government expenditure
10000 0. wurx rur WITHDRAWALS Seq
would pc Aihaurh the law com pelhig an
crease IN c,,rshaS, of silver by the GOVERN,
iouEn tho nn.sse,I on the lith day OF july. -
exi~tehse hrawals OF gold from me 'reaSuas
hcir out- notes given In payment on suVh p"a,,
They are nos ,i,at datr the Withdraw AIS y
10 80 per .oN'us ana ,rnitcd states notes
thctrcir. ,arv largely. aud have conlnu'n "
mount OF .~,sr, that @tuce the passage OF Ah'e