Year: 1878

ties, at such rate as would induce


holders of bonds to exchange for


them or merchants to receive them.


The consequence would be that eve-


ry officer or other person who re


ceived pay from the State, for SER


vices rendered or articles furnished


would receive their pay in State


warrants SO greatly deprecated that


our future would be worse than our


present condit ion.


| WHAT CONGRESS SHOULD DO.


But the consideration of issues


which will be discussed in the next


State canvass, we should not forget


to turn our attention to those which


are to be determined by Congress


and the Administration. for there


all the evil lies. High State taxes


have not brought our wees upon us,


and low taxes have not and will not


remove them. We must look else.


where for the cause of our ills and


to some other remedy than a ten


cent State tax for their removal.


The present Congress. with its


Democratic House of Representa-
tives and Democratic strength in
the Senate, has made some progress


in the path of financial reform; but


much yet remains to be done, and


the agitation should be kept up at
red heat until much more has been
accomplished. The present tariff
aud internal revenue laws should be
changed for a tariff for revenue in
stead of remaining, as they are, pro.
hibitory, or tariff for the protec-
ton of special interests without re-
gard to the amount of revenuce pro-
duced. The laws relating to the
collection of internal revenue should
be so amended as to take from spec
ial agents or detectives that author
ity which they now have over the
life, liberty and property of the citi-
zen without trial by jury.


The resumption provision of the
present law should be repealed even
though greenbacks were at par or at
a premium over gold. The inter,
ests of the debtor and industrial
classes Of the country do not 6e-
mand further retirement of green
backs. On the contrary, they re-
quire the substitution efgreenbacks
:or national bank notes and an en-
largement of the greenback circula-
ton. This may be done in several
ways. For instance. by calling in
the bonds which are not payable
on the face in coin, and thus avert
that portion Of our Indebtedness
from interest bearing bonds to non-
interest bearing notes. But the
quickest, promptest, most certain
relief for the unemployed labor of
the country. is to proceed with nee
essary public improvements to a
rapid completion, aud pay for their
construction. not as heretofore, out
of the revenues of the Government,
but with greenbacks issued for that
purpose. If our country was pros
porous just after the war in all of
her manufactures and mines, and in
her agriculture, with volume of
currency three times as great as we
now have, can we not afford in this
hour Of our hardships to risk re-
turn to the same volume of curren-
cyF If the Mississippi river. and
the Tennessee, and the Cumberland
need Improvement if Muscle Shoals
obstrucS our navigation, and require
canal around them; if Custom-
house is in progress in Memphis or
Nashville, why not do the work and
be done with itg Why not increase
the force at all these works all over |
the country, and rush them through |
Why should they drag their slow |
lengths along through series of |
yearsF The reply made to US is
that "there is no money in the Trea-
sury to pay for these works. Ny |
reply to this is: Issue more green.
backs-to the extent of $780, ,000,.
900 or $40O. 1000, 900; loan the cred
it of the Government to the Texas
Pacific railroad. and you at once, |
without dollar Of expenditure by
the Government, give employment
to thousands of our population.
Every vocation Of life will find de.
mand for its services. Not only the
and civil engineer. but
the miner, the manufacturer, the car
conductor, the brakeman, the mer.
chant. aAd even the lawyer. the doc.
tor and the preacher viii tind an ex.
tended field for his labors.


Give employments to the people
who are hungering for bread. and
you again put in operation the
forges and the factories all over the
country. You again create an ac-
tive demand for all the products Of
our soil. You will hear no more of
Strikes and Of the communistic
1astrnciian Of rainnhln -rnrro.nnnortu rro.n