Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1896-01-04

plus was tl,l2g.s9l, aud during the exist
ence " the Wilson Law the ayerag,
monthly deficiency had been 4l.sgg. .Gl1
lie declared that the deficiency Of revenu,
was the primary cause " the demand foI
United States notes, aud the only rem
edies were either radical reduction OI
expenditures, " AN increase ~ taxation
perhaps both.
What other remedy Ac asked, "is
there Tor our financial difficulties. except
! tu borrow money On the be-, term. pos
siblc tn pay current deiicicncl,-. and then
provide additional revenue inf futur.
wants To this extent.Ani TT Ties. pur
poses, am willing 10 support the ud.
ministration, however much ma, difIrr
with its general policy"
He lid not wish to critici~., tine .alr ~
bonds authorlLed by the resumption act
u meet deficiency caus,Si l., IL. pas
sage " u" Wilson law. | nirf the ctr
cum~tancr- the administration wds ju~ti.
lird IN doing this.
Ihr senator held that the note, once
redeemed should only h. tri--urd Tot
gold coin. aud such REISSUES should hv
mandatory when The cnln was drp,sitcd
IA the treasury. With this provision of
the law, - scarcity " the currency would
create such demand fur It that gold
would be- frccl! dcpnsitcd IN exchange for
the more portable and c"n,curni nu,,-
ut the ult,d states.
The resumption fund should hr Igt,.
gated from all other money ui the I nit
,4l states, anj paid out mly ~ rslrnip
tiun " nitri states notes lrnclrn
clr, It fNrnur should lr pro, idrd for hy
bonds ~ certificates ~ indebtedness II
small denominations. at II low rate " in
t"rr~t, which would hc readily taken b,
the pUplr through national hanks, sub.
TREASURES and pnItoilices
The senator continuing said "AS the
term lawful money includes gold coin,
thrr" l. "a disposition 10y National bank
I" convert their nited states notes into
coin thus aiding Ia depicting the r..
d"mptiun reserve.
'Ihl- ought to be prevented hy pro.
vision II law that the bank reserve ~
lawful money shall bc United States ~
treasury notes only. The resumption
fund Is the safeguard of the money II
the p1plc, and it, usr for any nthrt pur
pr" II u practical rcpudiallon II the
public faith"
n careful study ~ the systems ~ hank
Ing, currency. aud coinage. adopted b,
the principal nations Of Euf0Is, con.
,hces me that our system. when cured of
few defects developed by time. and
founded upon u bi-metallic coinage q!
gold aud SILVER maintained at n par with
each o'her. with free national banks ~
tahlISh"d In every city and town II im.
portanc" oi the United States. issuing
notes secured ,~yond doubt by United
States bonds. or s,me equivalent security,
re,iccmabIe on demand In United States
notes. and All issue " an amount ~
United States notes aud treasury notes
equal to the amount now outstanding,
with provision Tor u ratable increase
with the increase II population, always
re'ieemable In coin, supported by an ample
reserve Of coin In the treasury, not a. he
invaded by deficiencies ~ revenue, aud
separated BY the subtreasury system from
all connection with the receipts and ex-
pcnditureS Of the government such
system would make our money current IN
commercial circles in every and all clmcs,
better than the best that now exists In
Europe, better than that Of Great Britain.
which now holds the purse strings oi the
world.
AN ask now Is that you will not dis.
turb IL with your deficiencies that you
will not rob II of itI safeguards tha, you
will not return a. the days ~ wildcat
ingS II prudent lHhni or the acrumnln-
tiOns ~ the rich.
Thine makes all things even. let uS
give to the executive authorities ample
mrL..I Ia meet the appropriations yuu
have made, but let uS strengthen rather
than weaken, our monetary system which
lies al the foundation II our prosperity
and progress"
Piles 0f people have piles, but lie Wits
Witch Hazel Sal,e will cure them. when
promptly applied II cures scalds and
hurns without the slightest pain. Pills.
bury n Walton.
The santa fc m,Ii get back at the
southern Pacific on the Growing over the
performance II the fl,eT nn the 4Hh int
east between Valentine aud isleta. The
santa Fe men say II l. easy enough Ia
make such n run ~ the road ~ neafi,
level between the pUint- mentioned. aud
II II n g,si straight run over at excel
lent track. However. IA" run over thr
GlOTietta mountain IN u horse Of AN Ell.
tirely different color. he grades are
steep and the line crWkrd. ~ that the
performance by the santa Fe flyer was
really renlarkAble.-l.is vegas optic.
-
For rheumatism | have found nothing
equal tO Chamberlain Pain balm. Il
relieves the pain ~ aOn ~ applied.
". Young, West Liberty, ". VA. The
prompt relief IL affords II alone worth
many times the cOat. JO eents Its con
tLnued use will effect u permanent cure.
For sale by Thos. II. Burgess Il Hon.
A Mexican came running Into town
one day this week and TppDgted having