Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-12-07

suggests an sllusiop Ia ~.
anu vice, OF cur fn.,.,. Nsssus.s
!, They have been rr.oas,',,. method,
u . 'ne attention OF i"nuly Pressed
ous executive comm s'e,si In pre-.
.ue inevitable dsngef Of ~ aa,oations amt
solefatiob pointed ON 'u ~, conlinueu
,,epeaung these details. I o"Mhout now
en again earnestly n,aeI tsifain
necessi'y Of tue promst ,,sen'lng tut
stem opposed 10 eyefv e,Otm OF a
u ahce and shown bv ,a's OF soun.
DC iraught with The 80 .apetience 10
whine r., The terrible e n,l,' And
our rovs suooh the foundsi,a,.~ war
government more thsn 0ns d
y ,,a,. ago, brougb, unity
an ,he obstruction n, ~ u
sne wasting Of Cur cou utty,s p,opefiy,
a my, tne estrargemeut n, uosiancs
,hese are now past mi ote'hien
Ev.n the distressing los 'O.solteu.
oohhict ehtsiled Is but n SAL ne The
oty which fosters patriotic rev., men.
anu Keeps alive a tender ,en,llnsni
,hose who nobly died. An, ss'u fO'
iemains with US today in ,uy e. then
a ~ GU incident Of that ttsms eSsa
sWuggie feature Of lite fipanc,aie
s',iee, not only unsulted 10 an, ' n nec'.
circumstances but msniieslIr present
'utbing menace 10 nn",ys ii.
ourity and an sss. es e.
ssent OF monetar, ,p,,.ssnt
because We may be eni1vi, us'iss
poiafy relief from ita dept.ss,o, ZEN
ehce this should not lull us ,n,s itna'
security nor lead us Ia 80 hl.e
su1aennses Of past visltatiorss'' bs
more convinced than ever tha, IN
. uase no assured financial peace s ssa
saety until the government cn,,. ta
ooilsations upon which gold nsss!
uemanneu from the treasury ara
uthwn from circulation ana canoan nl'
rms might be done, As has besn hsl'
tofore recommended, py tns,, uets'
chsnge ior long term bonds bss,, e.
low rate ofintetest, or by their rsda.si
lion with the proceeds OF such S'p
Even II only the United Sialss' s
known as greenbacks were thns ,a nv't.
1t Ia probable that the treasure '' ap,
issued IN payment Of silver urehs,''
unuer the act of July IA, 1880 No.
paid In gold when d.manaeI 1a D,s
not createmuch disturbance. a. ivy
might, from time 10 time, wheo
oeived In the treasury by r,dsmr,,a'
In gold or otherwise, he RtadusiIr IVY
pIudently replaced by silver coin a. r
plan OF Issuing bonds for the nu,r14'
Of redemption certainly appes,.
be the most effective And A.
rect path TO the needed ren,.
In default OF this, however, il wouIs1
step In the right direction II curi,p',
obligations Teueemable In gold, WIN.
ever so redeemed, ah uld 6e cspe,,s
instead OF being relssueu. Thi, ms
alton would be- slow remedy b1tg
would improve present lndi,lon,
National banks should Teue.m ib.h
own notes. They should be alles.
to Issue circulation to tue par yalu,s
bonds deposited rs security ior 4.
redemption, and the tax on thsIr m,
culation should be teduc,i
to one-fourth OF one per cent
In considering projects iof the 10 h.
ment Of United State. note. stl
treasury notes, Issued under the A,
OF 1890, am OF tue opinion thMu
have placed too much stress upon th,
danger Of contracting the currency
and have calculated too little up1r
the gold that would be- added to CO..
circulation II invited to us by bsu.
and safer financial methods It.pa
80 much q contraction OF our cuneney
that should he avoided az such NO.
equal distribution. This might be obv.
ated and any fear OF harmful co0tiaa
ton at the same time removed BY allow,
Ing the organization OF smaller bank
and In less populous communitiea thar
are now permitted, and authorship
banks to establish branches In small
communities under proper restriction,
The entire case may be presented BY
the abatement that the day Of sensible
and sound financial method will no
dawn upon us until our governmsll
sbandons the backing business 40.
the accumulation OF funds, and COD
zines Its monetary operations TO ihs
receipt OF the money contributed bI
the people for It's support, and to tl'
expenditure OF sucn money ioi lh'
peoples benefit. Our business intel
ests and all good citizsns long ior 10
from foverlsh agitation ami The ID
auguration by the gOvefpm-nl OIL
reformed financial policy which VIII
encourage enterprise and make ee''ii
the rewards OF labor aud Industry.