Rensselaer Union, Volume 10, Number 34, Rensselaer, Jasper County, 9 May 1878 — In Condition to be Let Alone [ARTICLE]

In Condition to be Let Alone

The currency is practically interchanges-’ ble with gold. Secretary ShermankM undertaken to keep it so without contraction. In bis praiseworthy effort he £ being sustained by congress. The issue of National Bank circulation is free to all, and the continuation of.agreak volume of greenbacks, which are legal tender for tbe redemption of bank notes, is assured. The present policy is to float, subject to specie payments on demand, a volume of paper money mere than three limos as large as beftrre the sebellion, twice as large as that of Orrnl Britain to-day, and nearly twice aa large as the present circulation of France, which she is steadily contracting. Can any reasonable man demand more from any government? Could a larger amoent be kept equal to coin? What good could be expect'' ed from another inflation? Do we wish Ur pass through another ordeal of contraction to be followed by bankruptcy, Idleness aWff distress ? So sure as another inflation iff foisted on to us by craiy politicians, if wftfta followed by contraction, the miHhmaire will be the gainer end the IsbodWg man the loser. The financial question is in W condition to be let alone by party.politic clans.—-ifrooA* tow Jlr/xwtvr. -