Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1895-12-12

80 ~ HA# AEH-hNH va AN. 'AAHATH ArAaa@AA7
outstanding and prepared u Join their
older AMI more experienced allies in
future raids gpon u treasury gold reserve
In other watus- iue government has paid n
gold more tnan utne-tcaths % the Ea!ted
states notes. end stIl owes them all II has
Paid N void about onc-hsH Of It's notes given
- eilger purchases without extinguishing bv
such payment one dollar OF these notes. When
added 10 all this We are reminded that 70 csrry
on this astounding hnanciai scheme the go
eminent has incurred a hrufet iadebteiness
Of fu55a0g1 ia esfaSushing A gold tesei We. and
q sie&A3hs in Efforts = maintain Z.
tea. IA annual interest charge on such
bonded Indebtedness Is more than I'll
ehH1, thai 4 continuance IN our present
course may result IN further bond Issues.
and taat We have suffered or are Threatened
with al tais for the sake o. supplying gold FOR
foreign n pmeut or facilitating rs boarding at
hsnia. a situation Is exhibited which c~ertaiuiY
ought 70 arrest attention and provoke imme-
date legislative relief I am convinced tie
only thorough and prac1iclhls semsdy for our
troubles is found N the retirement and cancel
Ia ion - orr GATED states notes. commonly
crlei Eresnbacks, and The Outstanding treas
lFY notes issued By the governments In pay
nent q silver purchases under ths act Of
REMEDIAL LEGISLATION s-ceEzrEn.
I~nclievs this rcuid be quite readily accom-
plasnee bg the caauEe Of the notes f0< GATED
>sates bonds Of small as we'll As large
denominations, bearing a low rate Of interest
They should BE- long-tern bombs. thus increas-
ing their te>irabtlty a. investments, AMI De-
cause taer payment could be well postponed
To a period far removed from present frartiai
burdens an5 n~-p'sxi.ics- when. with Increased
prosperity and resources. hey would be more
easily met To further insure the Cancellation
ofthese notes. and also provide . way Ia whlrh
gold may be added . our currency in lieu *
them. a feature in the plan should be an a1-
thorttY RtTen q the secretary Of the trrssarv
to dispose of the bonds ahr1ad for gold. II nee
eSsary- 70 com phte the contemplated redemp-
ton 9ad cancellation permitting him to use
ne proceeds % such houds 20 take up and can
Gel any 1f the notes that may be In the treas
ury. or that mag be received By the government
on any account The Increase u our bonded
& debt involved IN EntN man WuIlI he lu4utw {
compensated BY ~ ewest activity and enter
prise in al business ere Is. the restored conf
Gelcs At home. the reinstated f1irh in our mon
etary strength abroad. and the stimulation %
every interest ani Industry that would f8iiuw
the canreil1tlsu q the goIi-isHand uhNga-
ti1us new anlctlns ~
n aay event me BONDS PROPOSED would stand
for the s1finEuishmcut q a troublesome in
drneetness while in the path re now follow
( there ilrEs the menace q intending bonds
with our indebtedness sLu untisehangsI and
aggravated ia every feature The obii-afiens
rreessary 70 Hud this Indebtedness Woud not
equal la amount those from watch we have
been relieved since f--E bT a~uticipaf On ard
payment beyond The requirements q Tie -lnS=
inr uni Gus - cur SURPLUS revenue~
HE eurreccT rithiraNu By he retirement n
the tllted STATES nOte- ani treasury lates
amounting % probably less than ss-1Ran o
ml~ht b. supplied hV such gold as 9oaid b.
usssi fl their retirement or By al Increase "a
crru-atiou af gur NATIONAL backs Though the
aggregate capital - t1a~e nov % eEi~tcuce
Amounts ~ mar~ than Sffe.ss their eat
Standing Circulation based on bond securities
AUE4HAs tn fIaH 1nNWT -fFEfsF HrA They ARE T
s1tanrsei % ssHe rufn- Amounting ~ ~ psr
rHnC - the brn1~ de11-itnI ~ -er1rr tnrir err
e~ulartan bus p no event Degaud the amaant u
their cauitai ~tCs AMI they arr obliged n pay
thr Z per cent tar gu tae circulation thsy issue.
INCREASED xArloSAL BAxE ~CfncuLArIoN
fthlnk theg Ought 10 b. allowed 30 issue ctr
cuiataaa eszal % The par value ~ the bsnGs
taev 1vusslr % seizure lt. aaI THAI TIE AK aa
their ctEcgiaton shaulG BE- reduced % cn~-
taarus x 9rs pr cent. NlHrh would ulfauut-
esNF Beet al me expenses tle government IN
rur% "a tAer accalnE n as-ul-tuu tney ShuGAi
p 4Hs % substitute or tepH-l IN les =
ths aauts Bow required a. security fsr tarfr
cir-ulaEun taa~s ehich would e- issued for the
purpose u retiring the Gated states luts-
All treasury uute-- Inc Banks already exist
ING = fEsF desired tB avail themselves q the
urlVt~tau~ % law thss modified cnuai ISSUE cir
c~alasson ia a-sisfitloH "a that -alrr4dy outstanding
sElogntilE ~ sE-esefr whirh rou.d nearly
ar quite calRa the currency ~pr1pn-et 10 be
raae~asL Al auE rate / Should Confidently
expert Ga see t1c existlAg national banks o.
ufAars 20 De- orZ1ulzfHf avail Themselves q me Z
preppsea encourageinest - s~ue circulation
Anl pr uptF ga Any vacuum aud supply every
currency note lt has alNayS seemed - me
tAat tne provisions % law Regarding Tire capt.
IA &C national aarzs Wuiru o0erate a.. a uul-
Llon b. their e1c4fiau fails Co maze proper
compensation Q" TIE suppression % state
nanss ~hea canae u-ar - the people ~ al
sections ef thr cauutry ard readily furnished
theHl via bankiug accoufmn atoms.
ANY iHrauvaai@uce or emnarua~smeat ars-
Tag from Faes- resF1efioHs on the location o.
AaAnaa hanks uiEuf sell D. reulesilel hF bet
ter ataHtlns the present system % tn creation
o. banks IN smaller communities or By per-
hitting HaGss % large capital - establish
b~raucaes IN ~uch iaraHrtes a. anuid serve ne
people. 50 regulated ami restralaeI as 70 Sc
cure their safs and conservative control and
management Bat tagre mighr not be the nee
cessssy for such an zliition Co The currency D.
new ISSUES q bank Circulation - az arst
glance n Indicated II We should be ~rriieYed
under conditions that CONSTITUTES Is
he barometer Of our ~0ivencv.
and \ or treasury should 10 longer De- tAa
losli,h purvevor q suht for nations abroad OF
FOR speculation anil boarding bv our citizens az
home should expect 20 sre gold resume il
MARS y the1 e5a5..rry ANA ees- e % e az ass s.sas~ess
attracting the timid watch OF our people aud
exciting their sensitive Imagination
rHE III vKR sEIGSIGRssE
do not overlook the fact that the canceIla-
tien 81 the treasury notes issued under the sill
ver-parchasiuS act OF Isa would leave me
treasury in the actual ownership Of sufficient
silver tnclaalag setsnioraee, 10 coin near
y tiaslueo n standard dollars. Il
ssE sessay g. eonside.aslon whether
De converted into dollars or fractional coin.
and slowly put into circulation, as In the iudE-
meat Of the secrctIrY Of the treasury. the
heeeast1lea of The country should reauire.
MT A QUESTION or QUANTITY. BUT KIND
In the present stage Of our difficulty il is not
easy . understand the extent u which our
rsveaae receipts directly Affects il. Tue i'm
partsut question Is not the quantity Of monev
received Tn revenue payments. but the Kind q
money Se maintain and our ability 70 continue
-ALaA NAANAMHaAN# w r
eriuE Tue government holding Of gold as re-
tsfsd % the sonndness and ~ affecting
cur national credit and eur monetary
strength. L car gold reserve had never been
tuHatret u 10 bonds hat been lssued 10 re-
rteAash g tAnre had been no fear and tImidity
eansetalnE our ability to continue gold pay
mels II any part Of our revenues were nov
pad ia gull. Ald IL We could look 10 our gold
reeetpS a. a means Of maintaining a safe re-
serve t1e amount Of our reven les would be an
Influential i1etur IN The problem. Bur. usfor-
tlaateiy al tas circumstances that might lend
Nea-ht % this Consideration are entirely hack
lng 7 osr present predlcament no gold = re-
ectEei D. the government in payment OF reve-
aae charges nar would there BE- II he revenues
we're taereAse4 The receipts Of the treasury.
Ensn not IN silver certificates. consist u
LuitFrt states notes dnd treasury notes issuesf
Tor silver purchases. These forms Of money are
only useful 70 the guverluentin paying is cur
rent ordinary expenses. and its quantity
Ia government possession does not in The least
contribute toward giving u tnIt kind Of SAFE
financial standing ar condition whleh IL built
"a sei1 alone. II u - said that those notes n
heAd BY the government can be used to 06taln
Ea44 Tor our reserve the answer = easy The
Peopte traw gold from rhe treasury On demand
gFoa United states notes and treasury notes.
but the proposition that the treasury caa on
demand draw 11Ai from ne people appu ro~u
seul9 be regarded tn these days with gundEr
and Amusement aad evea Il tfis coa4d BE- Zone
there - nsthlng - prevent thEse thus parting
Wiz 4raf god rom rc@1iulug u hg tar asxs
d3F or ne nezt hour og -n- presentation q ne
agtes they reretFcd In exrh4lEe Tor t.
The secretary Of the treasury uir1r 1se sach
A1tes eA@en fFum . surplus revenue q buy
getd in the market % course he couri not d
thls without paving a premium Private aoat-
c1 o. gold unlike The government h1riag 10
parity % maintain. would lux De ue<srl uet
from naxtug The Test nzaxa4l possible Wheu
E1eT furnished guid 10 The treasury put the
u1ameat the secretary % me treasury baughE
zeld On AIS terus 1rCve par. be- Euuta ess4o-
lisa a gsner14 AMI universal premium upnn L.
mus hreas41z Gn1n The parity between gold
and SILVER. &1a1A t1e governments Il nae-lEa4 %
MAINTAIN. @la opening me way % 1eH znd
serious c-nplcaEnn~.
In the aae1atime tae premium woa1f not re-
nam stationary and t1a Absurd spectacle
ul-hN De presented q adczler selling xul1 70
inc government and Efh Caffcd Slate~ notes
o. treasury notes IN AS aa1d immediately
etamortng for It's return and . n sale a. !
1tz1sr premium II may 1e cln.raet that a
Ange revenue and re1are1 raceipts mixnt
Lsouknly zlcrr ne situation aader 1isruSsl1u
ny 11arlinz Al opportunity q retaining these
11eeS IN TIE treasury When received. aa1 raus
preFen1laz t1elr 1re>@l.1Ellu Cor -0ld
-ue1 retcnla1E % De Useful au-nr % Be n
east ZeAs1r4oly perl-klelL 1nI mis- = pre-
c--e4g WaaE - prahibi.ra - Tar a. Calted
states note. ARR ccncer-a4 ~ TIE AW Of t-ss
~1oEu-dGllS their future retirement
- EEArs OF oUK soLvESCN