The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-12-27

ne beneficial Effects ~ this tranSnrtt.
H~re felt immediately. nor nsIly In his eountr
al hlt ~ every other commercial on nnancial r
a. lA'ioA> With our pegp,. Confidence IN -,
srtnrtt'>a a. safe ~na Profitable Investment
A. wa> az once restored 40 suca an extent IN
tAfy ceased a. br returned a. our tnAra,, n,
SAFE. ant = vsry considerable dsmant n
tAeiH wa created abroa4. hpt IA
n most gratifying evidences ~ imp-o..
hrHt n our condition were arurIe.
o. tar pfomrt revival Of business among 81,
\ own people. The Increased activity AM eNt.n
: alVh ~ eur domestic. industrial ana com
! nercia4 operations. the rise Ca the prices ~ ~
pA.n..lAi Afrt tinrA4 p~fpiucf>. AMI tla gen
apparent IN every pert u the country
: But, adds rotary Carlisle:
"our further rroSr.s, ton asi complete 70,
storatiel * confidence ana pre.,. ~
b rtousA impede! 10y the defects In our CURRENCY
Laws "'
lie proceeds to discuss the eraely rs
follows.
The issue ~ tord> 20 r-orlrc coin t4r ~.
NNe4Nf NheA j. the Only crrctl.. methn.l
n"N .NAtlan.e under n. law. wil. uale,s lhe
srne-i4"n> NA On hstt already heen a...ls,.,t
~ me present policy age radically rrA...i Ia.
tinatetN result Ia the creation Ola rf.nsr dre,
much Larger Khan le REQUIRE y, .fi-s
and cancel an the notes ans thn ANNA tn,sres
ehArEc Will IN Much greater than III w,,li N.
AsNteAFN ~ incur on a new class ~ h,nl>
aAAptr1 lo the present circum>tarr.s ~ t.e
goftrument ana the Nrll-know n prrfrr.nres w
.AFe~tNrN II. however. an att.mpt ~ 49,.
haHe - Keep the Unitei states notes AMI 80
ttta>NfF h"it~ permanently ia cirrrl.tfor hv
Reissues after redemption. aud tn ox-rnnnar
= " ~ permanently charged wifhthe dusr ~,
s.sttiIlnt the value OF the cgrrerry rarer
So com AXE The conclusion cannot 10 syolt-
el that the policy u issuing bonds ~ ~ 80
su--l-.shneh of these purposes must also be-
Come permanent
This policy. the secretary thinks.
should not BE- c~urtaileG. ilegoes onto
say:
IN our iegal--eaarr note, wcrcss.-r.J ,ha-a
src,-. = teAs9A 10 pciiete that very large
amount " x ~ which has tctn exctuti4l fr,n
t-r country by the excessive u.. NJ <fire~ .,H1
4.' ~ "nr circulation would promptly rrtlrt'
= nerr~. F-aVt y .ui currency and cYu-tit4te
~ $3.50 ltft = our MediNn W rNcn.lve
ne retirement ans cancellation ~ ffa 1911
,,A.tE q 'ts "uu.f not OBSERVATION-DISCLOSURES t
contraction nf fae rtrCti flfiNn. Ant. III ~r,D z ~
suit enOultfcllov and c~nuf.nia fsr ANA, ,t~.f
'fanlt period. n would be q G.fran>.rarf WA rt 4
w iAct inst the volume ~ c1rreuev rrc,-
tfthe people.
Atieiais.ussinga considerable length
inc disturbance 70 The currency caused
~ tAe Siiver-pnrcha~ing act. Secretary
continues as follows:
The great loss os revenue. tn..aas \. ,.-~
tle fAN~r ~ our luanciA! dlr.clI..> .,..
m fNtcAs ~pruurcel hy a defective clrr.arv
! stem. and q failure 10 r-coxntx. Ill .ff-r.-fa.
i-el "t.- lead " far astray M 0nr ~farea s1~.,
"'AAF+t AZ - true that TNr fIrtt r."
- = 80 NA.sh remained lr icrtr IN
ne c.o>e - the n-cAl Wear ,-.- r,s
-se-tN reduced the revenue derived rom cr~-
.'hN @1l tAAt The expenditure. ~ tE- vqtnrr- I
tlt were increased frnm s- u.f ,ra-.i wv.
the t~cal year 10 10 sg3 ~. ns AZ 4r-t- J
NJ var - stu II i not prat- oIe that !
expenditures over rcceiptsi IN fAe nsS,ress !
ne pope n4d not been Interrupted hv fh4
lanes growing out o.the unsatisfactory
'~oAi-tton 81 our currency.
~ surplus revenue. however lar,. e.ttd
Atf'-'- u from our pre>ent dlncllti.~. or =
n .slr-nre q safety "a the future. rnie~,
Aol4d pe required 70 he pziQ tn gold unla- i
eAeM winch would exempt the go,rrum.nf
Ton tnt cpliEaticn 70 furnish the gold Whom +,
& IA 49, 7. - pt Used IN making the pasmeni, :
va : scarcely necessary u Susee~t that II
lcn z system i impossible a. long AZ TN :.
.hitel states notes and treasury notes .
r. sept IN circulation ana r.I...ra. II
le ia gold by IN. roverrmon, 80. ~
Z presentation. Dwin1 10 t.~ r4rn-
~ c".r1cter - our currency the ABILITY ~
ne treasury 70 hoard rulie.l site. a.I ri
taslrF Notes n limited 70 a certain -au.rLs.- =.
nth san NV nN i-nniteiy dtteru4i mel tn AZ ~
.nst--AN Y n >lonli after that amount nas
received refuse II p4y these ur-.~ IA
aN.nr disbursements at the places wh~r. an
astpA> are collected the immrdlat. rasuit
Y that nearly all payments to the gov dc
Linent Would be made III silver certnrstos -.
men Y = nnrnd n take. but can comr.i IL a
ie else 20 taE- This result has been atofsat NJ
'fetoinre ouly br paying out these ~
sot" Outstanding al the efforts Of ne de. X
iFptcct the treasury against ex- 70
, nv ral.s ~ re certificates. 4 has re- N
an p Ter cent 81 all the payments ~ ~crNror
= AZ Nt@ lrik. wh.tr more than tWo-rhfrts
~ lviat crllrtfiun- az. made. but III the
~ ~tAFtN lffti-t-nner pane. should Ne re- ~.
t ani a proper currency system aAorteA -.
" aLI -"id certificates. aud bank notes r. NJ
.tAAn.e IA gold. VIII take their piace IN tho he
Z fNatt'n. and tine government will have no =,
lnfr trouble IN regard 10 the kind q, money -
~ W. titErr receipts or payments. ON
luf even " this difcu.ty should be obrt-
~ AT N}fHuff 70 n - 10 lei N.AuM ur. .t~
~~An-cielt In amount 70 enable the treas ~,
tsee w ard permanently HOARD ali the ~
A-fFN4+r faYr-. NOW amounting t0 about
would De The most remarkable
in'iai experiment ~ fno1crn times. while
Aticnatt W ~-tLr. by tsyation within aay (
~NiAbi" period = sum sufficient FOR their re- NJ
aptinn and cancellation a. they may tc re- -
YEA Into the treasury, although not qu t. 80 :
practicable as the other. would lust ~ Ger
ilY TAN 70 accomplish the object Intended. = ~
he remedy which Secretary Car ~.
ich he speak, i thus y, fn-,b. Fri
There j. but one safe and crectua ' y 70 4
our treasury against these dement's ia,
he oniy means throurh r.h,cs liz ma
atra.at~ can H. made 4.
ihl~ can 10 most rfecf1alir arG ecomfcafrv y
,thpi~htd hf "wtnorixing The secretary ~ IN
tf-a. ury ~ l->te from tim, to tu. BOMBS Il =
I'D -"ie. tearing Interest AZ - rate moi
.lihk 2 lrr cent per annprn and h4ying y
time - run. an : - exchange the bnnaS Sor ~.
TED states Totes and treas rr notes uron -
? terms Fl iAsy Ue most advantageous ~ ha'
or sc them abroad ior yoid r
never. lu H. Judgment. IL Is afsI0ab. IL :"
2, aud ne the gold thu~ obtained n ~. lost
f%ari,itin. ~ sn ,ns .otfs ~ order y EXP
VI f"r The retirement ~ iegal-f.rder notes II
national tAn.- ~houIl be authorized ~ T..
= notes equal in amount 10 thr -
FAlu" % bonds deposited Is secure NOR
z and the tax On rhelr circulatinrs .,
IA be reduced 70 one-fourth OF ono NJ ~
pr nm When the national bank BY I
sN~t'iA was established the bonds os the ~
~ states were selling below par IN TIRE NSe
ktt and ta"fe was, consequently. a~urg- IL
\ reason FOR limiting the amount of the cir r.
iins notes authorized To be issued 10 20 nor tn
IN rtihe face values ~ The securities de- fam
'td. nut me reason has long since eea4rf
1881 "rd the Limitation should be rrmoved "a
TX part ~ thc plan Tor the retirement and the
~ the ieral-fenfer notes. tha \
'nry should be relieved from esponSbffftv ~ y
NJ redemption ~ national hank rntns. o. ~.
worn. mufiiatef ana ae.Acrl notes AND
~ faiieN hanks. ana cscA a.soe .fnnr anoi
I. re rtqsired 70 reAeem rs circulation at ylisl
n comptroller % tire cIrrenry. a. wa. -no Nh
~ fne passage q nc a~t os juno ~. law
he present system n. 4 -~eas -~T .-r.sar to n,
Y. VI sTss,s.y = ]cos,Iaa Z ihr -ecretary TIL
In the law. 10 rcauira ta. bass. " drc-.
.leaF ANe EFT cent reaewY.c, fl1d III impr