VOLUME XVII.
IliE TIOGA. COUNTY AGITATOR
rt , III.I: 4 IIED EVERT WEDNIMDAY NORM° BY
ON UELDER, & MITCHELL.
I .)no. I. Mitchell.
P. V. Van fielder.
lERES OF SLISCRIPTION INVARIABLY IN ADVANCE
;cbacriptiou• (per year)
RATES OE ADVERTISING
LINI3 OF MINION OR 1E56, MARE ONE SQUARE
"Os I 1111.131 mi I 4 Ina I 3 Atos I Mos I 1 Yr
••• I il,OO - 1 1 1 .2-00 I $2,5015.6,00 l $7,00 I $12.00
2.00 h 3,00 1 4,00 I 8.00 11200 I . 18 17,0
fo,no 11x,.00 117,00 12.2,00 130,00 I 6'0,00
110.00 , 14:66 - 1 - 116;0 . 6 146001 Co 00 1100,00
• lull,
II li Col
,e ri
4y- especial Notices 15 eebie per bee; Ldrtm lid or
cut par lino.
Trirt-ient adVeeISBInG AIIIBT be pita for in aolvancu
in?lice Blinks, Constable Blanks. Decd.+,
Nov,. Mut rialto Certificates, dc..cal Lnud.•
BUSINESS CARDS
Van Gelder &
, a u k, Plain and Paw} , JuL Printers. All work
promptly and neatly eseetite.l.—. l an. 1,187 i l.
~Villiai►l A. Stull►'.
Attorney and ConnBolur at Law, lir.9t door allure,
converre & Oegood's %tore, on Main street.
Wel Libor°, Juno 22, I 8 O y
Smith & Merrick,
Mita - ER..O CouncelorB at Law. Insurance,
, I.holidy and Pension Agency, (Arica on Main
Wo'blew° l'a, opposite Union flock.
lin. I. PIN. , %V. 11. SMITII.
(1 no. %V. ME:oaten.
tiveley, Couteg . 1 / 4 - , Co.
NEERS, Knoxville, Tiogo,- , County, l'a.--
R,Yeivo money on doposit, ' t discount noteN t
nd eull ilratt6 on Now York City. Colloet
1011J promptly rondo.-- Doe. IG, 1869-Iy,,
4110. %Y. ALturs,
tr , ,riioy and Counselor at Law, Mansfield, Tiugn
Allay, Pa. tlulleotiona promptly attended
1., tan. I, 1870.
,Ino. 1. Ante,hell,
Attorney and Counselor nt Law; Claim, and In
-tit-mice Agent. 01 . liee over li.rde.s' Drug .:Moro,
Agitator Utliro , Wellshorig l'a.
Ili I. 1:3111
IVilson
‘ttorooys and Counselors' at ILW. Will attend
promptly to business entrusted to their care in
Ow t•ounties of Tioga and_yot ter. °thou on
•
lie Avonue. .lan. 1, 1y741.
John W. Volornsey,
Attorney and Counselor at Law. All business
vritruimil to him will be promptly attundod to.
mike 2d door .9outh of Hazlett's Howl, Tioga,
Tioga County, Pa.—Juti, I, 1870.
Wm. IL Smith,
Pemion, Bounty and Insurance Agent. Com
i.onneatiemesent to tho above address roll re
ceive prompt attention. 'Perms moderato,
I.4.—Jan. Si
Seymour Itor
Al(unless and Ginn:idiots at law, Ti
is entrusted to theil can• will reeinvii
I.roinpt attontion
0. H.
W. O. Terb,4l .1/4:
1,.Je:;i142. Druggists, ami ilealme; ilt Wall Papor
Meru can I..tmi.:• Window Porfumory
mints, this, 4to , N. V. Jan, I '7ll
1). INcon, 1!„
and .-iiirgeup. attcuil
nII calk. 011ieuun CrAttliu r Iri 1, iu ruar .•I
ra.• %feat 141.,14ut, 11 elk.he.ru 18;O.
:4. o.l.liiits, M. I).,
annouilus to [lx clliirns nt CAA
ttle.doil and vici that Le would he grate
cul for their patrotnige. J I, 1 ,
A. 31. Ingham, _
if Offico at his I.l . efidorico oil the
lan I,
tieort;•e :rArder, t4'
t-01..r . 4 1; .I*, urA 41.,0r 1-tottui I; iil•
2 , 4.!tatir,;; Itc- i
pomp") arid 1 ,, e11.- - .):111 1, 1'37 O.
-Joint Ettier,
';',1101) Dartrs Car
r I.:1; 111.)11, Will: 111; preilit ell to
. 1.,•,1•211dy
Isoinws i‘, lirpien,
I)ralt,tnali. 111.1,1.= lit at. hi,
:.•.,ul, I/ 01.1 , 13, %V 1 1 •11,11,1, 11, 1.1 ill !nett
, cith I. 1.370
R. C. 00.1,
ill I au.l Pitted
. .`ll mg,. co. - . IV 111 i 11-.
plait, Etk,ll-,i, -
, I.in. I ,
i•eirolettin House,
1" . .t •, 4; go. C 1,0?..):, PrupS ji.t a. A now
Hold , :oll , 1114;(01 . / 010 1110 pliltelpie 'or live and
tije aceNtilat” , latihn
I , ,; ft.
Hazlett's ,Wlot el,
!"• . !t, l'a. Ut,al Ail -
t I, anent iv,: niwa) , in attend
l'cni•'l.--.1.1n. 1,1117 a.
if 'WI; Ilatel,
lior,,tigh, 'I itiga (I. II ill,
A ne•.v att.l '.aniendimr ,
•.tt: til the nio.lorn oiprovvinnn . tVithin
1-y .men' of (Ito ho,t Ist, n tng fishing
Hoods in Northern l'enn'a. eon voyeneeS
Toms iwillerate --San. I, Ix7ll.
tin►ill►'n Hole!,
Pa., 1.1. r A1. Smith, Proto letor.'
comfilion to atiyollifnoloiatit 010 [l:ll 7 jlrng
in n raaperoof niohhor : -:-• 1 4 1 / II s74'
Joint 31cliklAksh,
il 41t.1 it, Vermont and It:tit:lh 11:111010,. Inantl—
llotsircr tol Aittntittteitte,Tninb , cAr
r.er NI,IJ het and Cedar , Corning, N. V. All
'pr , ,t,;l,tly et•III„Lill• Art
,tr,•titiln It u. en, A gent. —JIM I, 1870,
Cd1 . 1101%- ,1 I
n ()E, 4 rhiv forinprly
111, 1 , d h) 11 i .. , •)1011 , •t1 d "ti tem
vr.. hr e Evert ateeothttliA:it ion
fir Mall allti hears. r4 . 11:•1111/i
Nh,r,.11 ill, 1:170 (I.
I:iiioti 1101.0
I S'u• 1. l'3ll P.t.
Thi4 10.•.•.1011, and hit` nil
thU••••lit 1110•110eS 1.41 - tnw and 1..,..•1. Charged
Alny Ir:711-1)•.
"I9E-30M +araßlikii
m. A its, Pict,pitlEToit.
WIIERE tlOieititts Irr Cream, Frasier/ Ct.n
feelittthtry, all hinds of flints is their
oleo d«h et Tol, I,'Mfeo, Clwoolatii,
" ,111, ter, w their re <lilt be had at .111
..rvt ta the Lr•t I<• i:<•Nt l'e
, 1` .0 11.11‘kale
I,
•P IZE TROTTING STALLION
`far lETinbiairamr:to
B , Dan:. -A L.1.11,0 *
I I`7‘.. :•.t ii...11v1 I:1
I.ll , ,tvii.g Oa, y. %.1
1..41' , 1, 11 1 . 1-' 1:.: i . tl L. hl. IS
;
I 111 I • 1111
1 1. t. halauwe of the tithe at t'
it . PITER is a dark Ilay, IL; I, iti.t• high, of
great uttriin
'n ' itlrr owegreat prtititiee et Ili: ike4
hit« stAti o:i f o r
'lurk. Marne from n (nal:thee filthiAtieti
unit triad keeping and wall eared fer. All Geri
e'rtt , at (ittner'4 ri(ks.
Tering $lO th insure.
MIY 4. Ittiit—tf i. C. P. g
WALL PAPER
LOST, At
P. /t. WILLIAMS A CO'S.
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OM
(.1 IL Nit.ci
1. C. lloulom
GROVER & BAUM'S
FIRST PREMIUM
ELASTIC STITCH
IHAMILY
SEWIIk!G MACHINES,
504 BROADWAY NEW YORK
Points of Excellence.
Beauty and Elaaticity of Stitch.
Perfection and bitnidicily ut Alachincry.
Using Loth threads direc6y from the spools.
No•fastening of anains by hand und no waste
of 'thread.
ida range of application without change of
adjustment.
The seam retains its beauty and firmness af
ter washing and ironing.
Bunides doing-all kinds of work done, by other
Sewing Machines, them) Machines execute the
most beautiful and permanent Embroidery and
ornamental work.
r..;ilt-Tile highest Premiums at ztll the fairs
and' exhibitions of the United ;States and
Ilitirope,.hate been :warded the U rover .4: Baker
Suivinlg Machines, and the work done by them,
wherovar exhibited in competition..
' pit - Tlio very highest prize, Till?, CROSS
Ob"1.11B 1.1 , 11110 N OF HONOR, w r iin conferred
on We ropr&entativu of the Hrover & Baker
Sowing Maellittes, at the Exposition Universolle,
l'arhi, 1867, (Mos atie:ting their groat superior
ity over all other Sewing Alachines
Jut. 1, iwzo-tr.
1 ew Tobacco Store !
f 111 E subscriber has fitted up the store first
door oast Thomas Ilarden'a ilr3 goods store,
for the manofiretoro_and sale of
CIG AR s, (all grades), Fancy and Common
SMOKING TO II A CO 0, Michigan Fine Cut
IN 0, and all kinds of
PLUG TOBACCO, FIFES, (Lid ttrechoi
,) cest Brand of CIGARS.
471^ Call and iien for your©olvor•.
JOHN IV. PURSEL
Wolishoro, Jan. 1, 1870—tr..
New giannery.
tr 111 undersigned has fitted up the old Fonn
dry building., near tho Brewery, Wellsburo,
and ii now prepared to turn out line ealf,
cowhide, and harness loather in the best man
nor. Hides tanned on shares. Cuhll paid for
hides. Al AHTLA I A. I,IU RI F.
Wolltiltoro, Jan.
Weilisbore Eftakery.
.1. 111.1II(I IN vs , ,ibl Stty to tho riti7cuv of
``i•lriotro Mot vicinity that hu ii pre
pen,' to tttlititiv tioott with
11111 , 1 A 1), I'l AN 1) CA ICES,
..f the he•l luulilp. SVe altio ,A•rvo mealy and
an t i 14.! I: (II M t..thmo vL :It
the f.ld Ind .1 .1 111 , 111(11N.
Ile R, IST° -Iv.
!II 111! A 4 .11111.11! •S: 1 1'11,11 1e I
. _
•
113011 DEN ,•,,n,dantly nu
YX - 4k . hand : Pau,: Drug-; and Meilninel+,
P4: 7 ,‘ Clietnic.ll,, Paints mind Oils, Lampe,
,t 4 t:it ion, ry, i 'auto Notions Att.
Pi ill PI 105: CA I, ,, MNIUNIIIII
. It 11. BORDEN
Tl , )rzt. Jan 1, P,70.—1y
I 870 poit `)A LE. I 870.
IL S it:
lia.)-ery)
A T NUBSEBY of FRUIT AND OR
LI N . :%1 ENT A TREES, IN TIOGA :-
0;0,000 Apple Trees,
it 10,000 z Pear Trees.
-upply ul PLUM, BEACH, CHERRY
an,IORNAMENTAL TREES & SHRUBBERY
Tho Fruit trees aro composed of the choicest
varieties, good, healthy, some of them largo and
In bearing. Any on wishing to got a supply
will du well to call and see my stock before pur
ohaSing elsewhere. f 9r 3 3- Delivered at the depot,
Well hero, Mansfield, Lawrenceville and
Bloss
burg, free of charge. All orders promptly filled.
Address, T. B. STONE,
Tioga, l'a,
Tioga, bee. 8, 1569-Iy*
PAINTS,
011,'N AND BMUS,
For the Million, at
March 16, 1370-tf. 1. C. IMESS
onse arid - Lot I'4 Sale.
Q OtITNI of Mansfield, 'Pingo connly, Pa , with
in easy walking distance, of the churches.,
State Normal ,Sehool, &c. Homo in good order,
good size, and convenient. Excellent well and
cistern water close to the door. Lot contains
about acre, and has a number of choice fruit
trees, grape vines, &c. A pleasant and desirable
home, and will ho sold nt a low figure. Address
or inquire of J. N. BIXBY
Manfitiehl, March 23, 1870. tf
• _House 4,5• Lot p .
». Sale.
AlOOO Hausa and barn, on a lot of two
acres, within - terminutes walk of tho
Court llouso, Wellshoro, is offered for solo. In
quire of John I. Mitchell, E, , q., 'Millsboro.
Jan 25, 1870—t.f. ' '
MANSFIELD
ill iNERAL PAINT,
For sale by
Mardi Ifs, ISTO-lf
'ATENT CLOTHES WIRE.
undersigned having secured the agency
for the Patent Metalic White Wire for
Clothes Lines, nideh d..es not rust, and is cheap
er and more durable than- any other invention,
and will he Pala (heal,
,7i`t"Ortler:t kit at the Po:rt Office Hill receive
1.1.0144 attention. L. I'. HEATH.
Irit, the untlor,irneil, cheerfully recommend
the, above Patin! IS ire, having 11.e0 it f u r a t ang
time and find it to he all it is represented:
P C. VAN ()ELDER.
W. T. mATHERs.
B. HOLIDAY,
A 1 M. IVA II A rit,"lll. D.
Jul V I. 1.•=70-ti
Il.,l ; i'J AN is SEE that I ag , •I‘lek WII pa
1. I,r on' 31 eAt.. 31
P. li IVILLIANIS 4; CO'S.
‘Vell-1, NT..y 25
110 WA RI) SANITARY AID AS
SOCIATION,
For tin th lief anti Euro of the Erring and Unfortunate,
00 Pi itnipltss of Christian Philanthropy.
ESSAYS ON THE EP.ROIN OF YOUTH. iind the Fol.
lace, Ago, in tg Socint, rind,
with 2S,:illary tll.l (or the nnlicto). tent free, in eraled
etivOopet;. Address, 1111 WARD ASSOCIATICN,
May 4,1b70-Iy. Box P. adelphia, Pa.
WM. N. AnmeTnotio. • • . SAMUEL LINK,
Armstrong fr. Linn,
ATTORNEYS-AT-LAW !
WILLIAMSPOIj.T, PEN N'A.
Aug. 4, 1869-iir'
•JEWELRY STORE!
"ANDREW FOLEY,
•
who has long boon
4?
°stab-
• ~/ / - 12 fished in tho • Jewelry burg-
/ (4 0, - noes Wellsboro, has al
\< : ; 14 . 4 . 4 ' 3. e ways on Halo, various
kinds and prices of
AMERICAN, :t WATCHES;
GOLD OR SILVER :CLOCKS, JEWEL
-EY, GOLD CHAINS, KEYS, RINGS,
PINS, PENCILS, CASES, GOLD &
STEEL , PENS, THIMBLESi'i
•
SPOONS,
RAZORS, PLA
TED WARE,
SEWINC MACHINES,
With most other nitinles usually kept in nch
eqtahliqhment, which old low for
Repairing done neatly, and promptly, and on
,port norion. A. 'OLEY.
January 5, 1870-Iy.
Tioga Dlarblo Works, tt
mmilli; undersigned is now prepared ai l
exc
l.. cute all orders for Tomb Stones and Monu
ments of either
ITALIAN OR RUTLAND MARBLE,
of tho latest style and approved workmanship
and with dikpateh.
lie keeps ;constantly on hand both kinds of
Marble and will be able to suit all who may fa
vor him with their orders, on as reasonable terms
as can' ho obtained in the country
Tioga Jan. 1, 1 S7O- tf
BOOT AND SITOR MAKERS
Opel u Val/ rulkesibui? l 'n Morc,iu the
rano laid ! , occupied by Benj. Sect, y.
1)OO1%-; AND SHOES of alt hinds 'lloilo to
, Order :out in the host manner.
ROPAlRlNOorallkirlibilimopromptlyand
'Jive 1H recall.
JOHN HAMMES
WM. It L
Woll,boro„lau. 1, 1570.-Is.
Register's Notice.
Nofloe. is hereby given that the Aduainildra
, tors and Una rdian named below have filed
;mcounts in the Register's Office for Tiogn
cminiy, anti that the said accounts will be
kto.cated to the Orphans' Con a for said county,
at a res;iotl of said Court to be held at Wellsbo
ro, en Monday, the :Seth day of May neat, at 2
u'elet*,l'. M., for confirmation and allowanoe:
Admiiaistration account of the estate of Theo
doroos Larrison, late of JackFon township,doc'd.
filed lay .lidin W. tiaernscy and 'Benj. Wells, Ad
mtnistrators of 0. B. Wolk, deceased, who was
the Administrator of said eAlate.
AdministratMn account of Lilo ektato of Mary
ette A. Rose, late. or Rutland touoship, dereaseti,
by Da r.iel G. St yens, Administrator of
• Ezrii 1. Stevens, demist - O. who was I he, Admin
ist4itor of raid estate.
Account_ of Daniel 0. Stevens, Administrator
the estate •of Ezra I. Sle,vens, Into of Aliddle
bur,y township, deeerif,ed.
ot Cahill 8. Graves. Administrator of
1146 (Isla to of Ira Ilraves, late of Covington town
decease,.
Aeeonnl of •lolin B Van Name. On:lndian of
Grace Theo Van Name, Beta) , Al. Von Name
and licrbrrt C. Van Name, minor children of
Oltarle.; \•an Name, late al Tioga, &reared.
D. 1,. DEAN E, Register.
May 4, 1870.
lOG A CO. COURT PROOL AM A-
T hereas,tho lion. Robert Q. White
President Judge, for= the 4th Judbibil 'District
of Penntylvntda, and IL T. neatly and;
Vail, Ilstf,s,'A6ociate Judges in Tioga Cout4,
have i,sued their precept, bearing• date the 4th
day ot April. 1870, and to me directed, for the
holding of Cirplian's Court, Court _of Common
Picas, tient:rat Quarter Sessions anti Oyer and
Terminer,'ut Wellsboro, for the County of Tioga,
on the sth Monday of May (being the :inth day,)
1870, and to continuo two rucks.
Notice is therefore herebSigiven, to the Coro
ner, .1 ustices of dm Peace, and Constables in and
for the county Id Tioga, to appear in their own
proper persons, with their records, inquisitions,
examinations and remembrances, to do those
things which of their offices and in their behilf
appertain to he done, and all witnesses and oth
er poisons prosecuting in behalf of tho Common
wealth against any person or persons, are re
quired to be then and there attenaing p and not
to depart at their peril. Jurors are req u ested, to
Ito pr be to at in their attendance of the appointed
titne,'agreenidy to notice.
(liven tinder my hand and seal at the Sheriff's
Office, in Wellshoro, the 4th day of May in
the year of our Lord ono thousand eight hundeed
and seventy. J. B. POTTER, Sheriff.
May 4, 1670.
HA PIiIJIIIOI)YCALS.
ICERMS FOR 1670.
HA nrEit's MACAZINR, 000 Yanr $4 00
IlmtrEn's Ono Year 4 00
HAOI.EIC4 BAZA U p 000 Year 4 00
ilmtvr.ut's MAGAZINC, HARI . Elefi WEEKLY, and
linuesit's BAZAR, to ono, address, for ono year,
$lO 00 or toy two for $7 00.
An extra Copy of either the
.Magazine,
Weekly, or Bazar, will be supplied gratis for
every Club, of Five Subscribers at $ 100 each, in
ono remittance ; or, Six Copies for $2O 00;with
out extra copy.
HARPER ' S MAGAzinn contains nearly Double
the Amount of Matter furnished in the Galaxy,
The Atlantic, Putnam, or hippiucot. It exceeds
in client the saute ratio any English Magazine
of the same general elat4.
A New Story. splendidly Illustrated, by Wilkie
Collins (Author of "The Woman in White," "No
Name." "Armadale," and "The Moonstone"),
will he commenced in Harper's Weekly in No
r,
rembor, 1869.
W. c KRESS
Persons desiring to renew their Subscriptions
c
i
to Harper's Periodicals will much obr-o the
P übliAortl by sanding in their Na mes as rly as
convenient before the Expiration of their }resent
Subscriptioti.4 . . This a ill obviate the delay at
tendant input re•entering naine4 and mailing
heek Nittubor,R. , .
New Subscribers will be supplied with 'either
of the almve l'erkolieule from the pre9ollt titne to
the eiol of the IS7II for Four Dollars.
Atiiire:s HARPER .46 BROTHERS, Now York
Neu Vs.rk, Or•t. 16. 1869.
Academic and Commercial Courses.
---
Frill: third trim will COMIIII3IICe April Sd, IS7O.
Thorough instruction, Terms liberal.
losophie opparatu•
Tuition a halt term strictly in advance. For
full particular: call on or address
11. M. REELES,
Mardi 23. Ic7o If Tiogm, Pa.
11011:43 and Lot. fOr Sale.
111 THE EutiScriber offers fur solo his house
and lot on` Alain Street, opposite Dartt's
Wagon Shop. Knquire on the premises of
March 30,111-6 m. JOHN ETNER.
WELLSBORO, PA.
&c., &n„ &c:
C A S H.
FRANK ADAMS
HARKNESS RILEY,
Tioga High School.
NiqI,LSBORO, PA., ; WEDNESPAY MORNING, JUNE 29, 1870.
The day is done, and swift draws nigh
Tho twilight hour', serene+ and bwcet ; '
Tho busy crowds go hurrying,Py.
With steady thud of thronging feet.
In many a home glad watohorg wait,
As they have waited oft before,
To hear a band upon the ate,
And well-known footsteps at tho door !
Some list for feet that, still aad cold,
No more the paths of life‘muy tread,
And iniss the strong arms' loving fold,
The tender words so often said.
Alas for such ! the desolate;
Who half expectant, as of yore,
Still chide the foolish hearts that wait
To hear the footstepA at the door !
Still pass the thronging myriads by, '
Nor heed the-mourners, watching lone
The babes who for the father ory,
The wives whose light of life is gone;
And some their sadder iigits keep
For living lostOnim, mourning sore,
And listening fear, anti waiting weep,
,And diTaTthoir footsteps at the door
`And when I die I shalt leave my for
tune to the one who.will use it to the
best advantage,' said; grandma Leeds,
smiling from behind her spectacles, to
the young girls around her.
`Your fortune, grandma? What will
it be? That old basket, with its horrid
yarn and needles, and the never ending
knitting work? If so, you need not
leave it to me. Janet will use it to a far
better advantage than I could.'
Yes, Lettie, you are right; and Pin
sure I don't want It, either. Hem, what
a fortune, to be sure!'
A I'll accept it, grandma, and prize it,
if you will only add your sweet,' con
tented disposition. It would be a for
tune which none of us need despise.'
Janet Leeds was the youngest of the
family and the plainest. She had a
sweet, fresh face, and tender eyes; but
these paled into ugliness before Lettio's
black and shining curls, and the blonde
loVeliness of the belle Margaret. So
she settled back into the chimney cor
ner, and waited on grandma, or assisted
the maid in the housework.
Once in a while she ventured out to
party in the village, but so seldom, that
people never observed her. ma made
it unpleasant, and she staid at home
still closer.
But on that morning, while they ilat
chatting with grandma, she felt a deal
of real discontentment, for the first time
in months., f i
Clara ih her bosom friend,
was to give al, 'party that evening, and
she could nor go. For Weeks prepara
tions had been going on in their quiet
family. She had given up the money
saved for a winter cloak, that Lettleis
green silk miklit he re•trimmed for the
occasion ; and the best dress she had in
d fbLI, IA .11114 ill, wiling . ..mt. , 0tt.1.4....11
1 . 1 011111, n 71It I.lmedr arni.-11,111..-------
She had faintly suggested that she
might wear that, hut the cry of dismay
from her sisters silenced her.
Go and wear that, old poplin !' cried
Lettie, from the clouds of white billowy
lace that was to adorn the green silk.—
` You must be crazy!'
' I should think so,', chimed Marga
ret, who was fitting a lace berth over
the delicate lilac satin. Do you want
Austin Bosworth to think us a family
of "'Myers ? 1t isto be a grand affair,
and Clara expects all who honor it with
their presence, to pay her respect en
ough to dress respectably. • It is Aus
tin's first appemanco after• his Europe
an tour, and Surely you do not, want
him to think meanly of us ?'
The tear-, came up, but Janet was
brave, and no one saw them.
That night, when the two girls—the
one in I* dark beauty and wonderfully
becoming array ; the other all delicacy,
her lair, pearl loveliness enhanced by
the hale purl& color of her splendid
dressL 7 eamo laughing into grandma's
room, a -little shadow darkened her face,
and she (build it very hard to keep hack
the tears.
' Fine feathers make fine birds, but
fine birds do not always sing the sweet
est, Jane,' said grandma, after they were
gone. ' I know who is the true ono in
this family. rknow my little singing
bird, Jam:, and she is dearer than a doz
en tine ladies. Austin and, Clara will
come to-morrow, and he will tell us
about his travels in foreign lands, and
you will be far happier than you would
be ul ? at the house 10-night, with danc
ing apd confusion.'
' lls i tippose so, grandma ;' and Janet
took her seat by the lire, and wept on
knit ing with a peaceful face.
il
The eldest sister came home with pin
ning° somewhat crumpled, hut in high
spirits.
Austin Bosworth had returned, a
handsome, polished gentleman, and
flirted desperately with Lade.
! Why, grandma, ho almost propose(
to her !' laughed Margaret, who is en
gaged to Judge Denard's hopeful son
and therefore had no place for jealousy
More than one of the company predie
ted that'it would he a match.'
Don't count, your chickens before
they tiro' hatched,' called grandma from
her pillow. Mr. Austin 'Bosworth is
no fool, I can. tell you.'
What an old croaker P
'l'lhey• were entering their chamber
across the hall, but grandmother's ears
were not dulled by age, and she clearly
heard them.
'Don't mind them, grandma,' whis
pered Janet, who waited to herr. them
lay aside their finery.
Mind them !' Do you think I shall,
Janet Leeds?'
:Next day Austin Bosworth came. Ho
was too familiar with the old house to
stop for the bell-ringing, and he entered,
crossing the hall directly past the par
lor door, Where tasteful afternoon cos
tumes predominated, and walked right
on to grandma Leeds's room.
Slit was there with her work, her
placid face beaming beneath the white
lace-bordered cap.
A gracefol, girlish figure, half knelt
beside her, wreathing, with deft fing
ers, a bunch of evergreens into a . frame,
for a mantel ornament, and Ter eyes
tvere lifted smilingly into the old lady's
face.
'; He entered and closed the door before
either saw hint.
Orauthria Leeds!'
„ Why, bless my heart, it is Austin !
Ciime here, my boy !'
And the gentleman came, and gave
both hands to her in his delight.
Jane, my little playmate, toot what
goeto' (510iner.
FOOTSTEPS AT THE DOOll. -1
MigctlintteottO
&-
JANET'S FORTUNE
a happy meeting ! Clara came down
dreASed for u call, and declared she wo'ld
come, but I told' her no. I knew the
amount of gallantry I - should feel obli
ged to use, add I preferred that my first
visit should be like the old ones.'
You aro right. We are better pleas
ed to have itso, are we not, Janet?'
His call engthened . itself into two,
hours, and during the,time he told plea
sant stories and chatted like the boy of
bygone days, but not, once did Marga
ret's or Lettie's name pass his lips.
When ho went away he met them
coming, with disappointed faces, from
the parlor, where they had been wrettt
nig for Inm ;
,but he only lined his hat
and pa'ssed out. Then graudniother
and Janet received a sound scolding,
such as only these two knew how to
give, and the shadows of discontent
again fell on Janet's spirit.
Ab, that , long, cheerless winter!—
What a story Janet could tell you of
disappointments, of happy parties in .
which she had no share, of moonlight
rides, of joy and merriment ! She had
only that one
,comforter, , kind, patient
grandma; for, now . that Austin. Bas
worth had come, the way was harder
than befOre. •
Ho came and escorted Lettie to par
ties, and sometimes chatted with grand
ma, but nothing . more. She saw !loth-
Jug more—she did not catch the good
natured smiles ho gave 'her from_ the
sleigh as ho rode away—and Lettie ne
ver told her how often he asked for her.
Alone with grandmother, Janet wished
for better things,• xnd wondered tvhy
she was so harshly dealt with.
At last, even the society of her aged
comforter was denied her, and in her
bed the old lady gradually faded away.
Day and night, janet sat beside her,
with the knowledge that she was be- -
yOnd earthly help—waiting .upon her,
yielding to the' childish whims, and
shutting out everything youthful and
beautiful from her sight,
Playing household angelii. Margaret
said.
' Working for grandOa's .fortune of
old shoes and worsted steckings,' Lettie
cruelly added.. Doing lier duty by - the
faithful woman who had taken the
three motherless children into tier heart
and filled the lost one's place, so far as
God permitted,' her own heart said,
and steadily she worked on.
The fir 4 of May brought invitatligiA
to the laSt ball at the Bosworth house,
and while the two other sisters laid out
their tindery, Janet folded her tiny mis
sive, and hid It away next to her heart,
as-a sacred bit of paper hearing Austin's
firm, broad chirography upon it.
That night grandma was very ill, and
when Margaret and Lettio fluttered In
with their gay dresses, Janet met them,
and almost forcibly put them opt of the
100111.
I beg you, girls, to have a little re.
sped. for poor geandingi—she is very ill
to•night.'
Nonsense! Don't he a fool, Janet;
anybody would thinl. she was dying.'
1 believe she is.' 1
'PL--
-`•
)venn kr sant% was lth - c Ica t - %vitas
her patient. .
The hours dragged wearily, and, over
come by her long, sleeplets watches,
Janet. fell fast asleep.
Two hours later she awoke with a
•start, and in an instant she saw lhat
dread change visible in grandma's face.
Like one in a dream, she walked to
her father's door, and awakened him.
` Father, grandma is worse. 1 believe
shels dying. You must go to ])oetor
IleTne. You will find him at the ball.
(.4o quickly !'
She went back, and sat thdre wearily
waiting for sometl►ing—for a sound-sign
from (he dying woman ; but none came.
Slowly, ' t ut perceptibly, the line's set
tled around her pleasant month, and
the dark - hallows Crept over the placid
face, but ►o sound issued from the lute
1 pi.
Ja i llet bent her head. There was a
fain flutter—no more—and Bite clasped
her lands. Would grandma die there
belt) . e her eyes, and never bpeali'lo her
a wOrd?
Bile caught the cold hand in her ow ii,
and cried aloud : ' Grandma, -ipeal: to
me! - speak to your little Jane ! Don't
you heed me, grandma?'
But grandma heard nothibg. The
chilliness of death had settled doWn,
and even as she knelt there, tl►e breath
fled, and Janet was alone.
She understood - it all when she arose,
and she sank back, half fainting, in the
arm chair, near the bed. 1
' Janet, my poor darling !'
She lifted her head. Austin lbwworth
was leaning over her.
' My little girl ! why did you not send
word to me to-night, and let me share
your sorrow?'
You, Austin?'
Yes, have - I not— Ali, forgive me!
This is no time or place. I missed you,
as l always missed you, but thought it
was your own pleasure to remain at
home. When your father came in with
a white, frightened face, and whispered
to Dr. Berne, I knew you were in trou
ble. I came at once, and, Ja4, I shall
not again leave you.'
She knew his meaning, and did not
putt him away, when ho held her close
in his arms and drew her into, the par
lor.
Margaret and Letlie, conning in with
their faces horror-stricken, glom hint
holding her in his arms, her tired head
resting wearily upon hi i 014)11 1 141er, and
the proud Lettie said :
Mr. Boswath, I am surprised P
' You need not be. This is my Privi
lege, now and forever.' •
Three days after, they gathered in
that same parlor to hear grandma's last
will and testament read. After some
little directions, it said
' And to my beloved granddaughter,
Jancit Leeds, I bequeath the Holmes es
tate, together with my entiro stock of
furniture, and money, amounting to
ten thorfsand
Janet's father smiled upon his aston
ished and crest fallen daughters.
'IL was mother's whim! She never
desired it to he known. Therefore you
were ignorant ofd
\ the fact that she hail
a dollar beyond the annuity I hell for
her.'
When, six months later, Austin and
Janet were married, her elder sister
dared to say that : , he married heir for her
money. He knew better, and so did I.
'Wouldn't you like to lie a woman
when you grow up, Tommy." "No,"
answw•ered the young four-year-old.—
" Why not " Beeaus,e women can't
turn summer-saults."
Why is life the greatest conundrum Be
cause all must give it up.
MEE
CURNENCY BILL.
,Speech- of Min llGr• K. Armstrong,
Of Pennsylvania, in qlq . House of Rep
resentatives, June 14, 1870, on the bill
to'increase Banking. Facilities.
Mr. Speaker, on the 21stday of Feb
ruary last, the House passed a resolu
tion instructing the Committee on Ban
king and Currency to report a bill which
\ should increase " the volume of the cir
culating currency" at least $50,000,000.
I cannot interpret this to mean, as ar
gited by the chairman of the commit
tee, an "increase by checks and drafts."
It clearly did mean, in my judgnli at,
an increase of notes of circulation ; a ~d
the policy thus declared, I believe tot ,1
consistent with the almost universal
desire of the people, and to be based
upon sound iinanciill considerations.
The committee, as I understand, do
not propose to respond to that direction
further than by the provisions of this
bill, ,concerning which the committee
seem 'not quite agreed whether it affects
the currency by either contraction or
expansion. If I could regard it, as a
measure of contraction, I should, with-
Out hesitation, vote agatnit it. That it
does not very materially increase the
currency is clear; but if I correctly ap
prehend its provisions, it would effect
an increase of about eight million, two
hundred and ninety-two thousand dol
lars. Thus the first section directs an
additional issue of $95,000,000 in notes
for circulation. The Second section di
rects the Secretary of the Treasury to
redeem an equivalent amount of the
three per cent. temporary loan certifi l
cittcs. Of these there were outstanding!.
on the Ist of :lune instant ,510,000,
which, deducted from the authorized
issue, would leave :41,900,000 after. the
three per cents have all been redeemed.
The closing paragraph of the same see
;tion directs the Secretary of the Treas.
itrY" to cancel . an amount, of Tl. States
»otes equal to eighty per cent, of this
balance when the same is issued ;. or,
reanced to figures, eighty per cent. out
of the balance, namely, $11,400,000,
would be $33,165,000, leaving a possible i
increased circulation of 51'8,29.2,1i00, as,
before stated.
It k however open to question whe-,
ther, as clained by part of the commit-1
tee, the bill would operate to diminish,
the bank reserves, and by throwing in
to active circulation a fend not now
used, thereby further increase the act
ive currency ; or Whether, as claimed
hy others, the per ventage of ten Per
cent. retained by the government on
the issue of notes to the new banks to
Le established under the 11111, fend the
reserves to•be by them kept on hand,
would not more than equal the whole
apparent increase, and thus in filet di
inish the circulation in actual me.
.... It. is not. my purpose to enter at pres
ent into this part of the discussion ; but
admitting the increase to be 'as I have
stated, it is in my
,judgment wholly in
adequate to (he necessities and demands
of oho time..:, The redistribution of the
currency by withdrawing a portion of
rime:Hied; ides tiot "Si.a.lni 6,l'in : b .- toile re
quired. I would much prefer a bill
which, without disturbing the banks
already organized, should authorize the
organization of ether banks, with. lib
eral capital, in such parts of the coun
try as have not the proportion (If erti a
nil assigned them by the existing law.
It i , 4 110 - however my purpose to an
tagonize the bill. I have submitted all
arliellAment which I believe will har
mon i;i d
with our whole system of bank
ing, a tid ;the purpose of which into pro
vide a mode by which, without in the
least disturbitig the system, it will have
additional and much needed elasticity.
IL is, in prig', to authorize the issue by
the United Status of '.n limited amount
of convertible notes, _to he exchanged
for the interet•bearing)loan of the U.
States. _
'nip tird. section of the amendment
i
proposes to authorize the
eSecretary of
the Tionsury• to issue not exceeding
SIOO,OOOOOO of 11. States notes, without
interest, payable to the bearer at the
Treasury of the United States, and of
denominations not te s ,..; l Ilan five dni..
larS each. _
It IM not proposed that they shall be
legal tender - notes, nor redeemable in
gold;, but they shall be . reeeivable for
all &him and demands of every kind
due to the ("oiled States, exeept duties
1
opm i lolls. `'hey twill have indorsed
upon hem that they are so reeeivable,
and it tit they are convertible at their
laeo value at, the option of the holder,
into the bonded interest bearing loan of
the tan Heil States, at• the market, value
of such loan-, when presented in sums
not less than $l,OOO, or any multiple of
$l,OOO, at the offire of the Treasurer of
the United States or the Assistant Trea
surer at New York.
Having thus provided for the issue of
a convertible note, the second section
provides that any holder of any of the
bonded loan shall be entitled, on pre
sentation at the office of the Treasurer
at Wash Dgten, or the Assistant-Vreas
urer at New York, in any sum not less
than $l,OlOl, or any multiple of $l,OOO,
to exchange the same at - their market,
value, 'which ,shall be detei mined, if
necessary, hrthe Seerelary of the Trea
sury, and II) receive a like amount at
their face value, of t he notes autlawized
by the first section of the,ann•ndment
proposed.
The third seetion provides for a like
eonversigp and exchange of the partic
ular notes so issued, and no others, into
the funded debt of the - United States, at
the option of the holder, at Ibe market
value of the bonds, not less than par.
The fourth section provides for the
payment of fractional differences in
lawful money, and for the keeping of a
separate account, and the report thereof
in the monthly Statement. of the Treas
ury.
1 have thus given stieh synopsis of
the propo.:cd amendment as I trust eon
veys an intelligent - idea of its Novi-
Its putpof-e is to supplement the
banking syi , iti.tn, and aid it by giving
clic-tielly to the currency without dis
turbing the titieil anti ordinary circula
tion.
It im a well vstablished, rant, univer
sally admitted, that business requil'es
moie.money for circulation at certain
seasons than at others, and that these
Ito demands ditli4 in various lo
calities and at different times so widely
. that it is not possible to determine with
. any certainty what amount of circula
ting medium the bushiest; of the coun
try at large requires. I regard it as pre
eminently a question whieli business
men can hest determine for themselves,
us the exigencies of their business arise.
It cannot be denied that it is desirable
in any system of currency to render it,-
if possible, self-adjusting to an extent
sufficient to cover these probable fluc
tuations. To what extent this may be
practicable, is a question which only
experience can determine. lam my
self satisfied that If the necessary legis
lation be given, the instincts of busi
ness will determine the question with a
practical accuracy which no merely leg
islative judgment can ever attain.
The Comptroller of the Currency, in
his report for 1869, states with great
force, " no human intelligence can tlx
the amount of currency that i really
needed, for it is continutilly varying
and is never fixed. And so long as the
volume of currency depends upon leg
islative enactment, uncertainty and in
stability, w ill pervade all financial ope
rations." Few will be found to dissent
from so plain a preposition.
On a question so intricate and diffi
cult as national finance, I am impressed
with the propriety of expressing my
views -with all due deference to the
opinions and - judgment of others, who
may differ, perhaps widely, frOm my
conclusions. ]desire only to express
in part -the reasons' which have con
vinced my judgment.
Political economy is a science of ex
periments, and one never before tested
in eiremnstanee4 similar to ours. We
re, in I - mimeo n' in government, a law
unto ourselves. And there are facts, in
our experience which have demonstra
ted the inutility of some theories long
admitted, find now utterly overthrown
by the financial as well as governmen
tal experieni!es of the war. Prominent
fonong \ these l and based upon Such the
ories, Was the Almost universal, concur
rent prediction of the financiers of En-
ope, , and not a few at home, that the
ountry was borne by an irressitible
ood-Lids of irredeemable Currency to
s political and
, financial ruin. And
Isere are not a felir men of sound judge,-
ment and large experience, who still
cling upon this (fuestion to cherished
thcories'w•hich,, I believe; havebeen re
futed ley the whole experiences of the
w 711%
It is a rnarked fact in our history,
hat men of large financial reputation
redjeted our total financial ruin, and
ointed to the volume of our currency
zei not worth the paper on which it W , E1.8 ,
ri Uffil 41)01( Of it, with fiC01::11,
" tlf 4 hiS thing which we call money.'!:
But it k equally a fact, that the,cpunr
•
try never trospered more than when
the volume of our currency was larg
est; float labor wag nevermore actively
eu►ldoyed, never better paid, and never
n►ore content ; yet have not the proph
ets of evil ceased. I► their view the
ruin still impends. .And notwithstan
dim.; the assured and wonderful ►level
olunseut. Of all our material interests
when tl►e e►irreucy was most expanded,
m il " our continued and uninterrupted
prosperity until tlitinauguration of the
fatal policy or contraction, and the ire-
mediate and concurrent derangement
and' depression of business . which en
:Awed, t Iwuy Mill elamor for contraetion,
and failing of this, art; fain to be con
tra? tl_ ...11 c i Lk' —l.-qrsiis4.4lo...x.welskil tlack
.0.4_1134 , ,
dies II) 1 ho:' , l, )-VOIOnS Vi . hose Represent
atives. here are United in their judg
ments and their elhirt-1-, to obtain it.—
Free bankitig, perhap , c would be a suf
lieient 1 emedy ; hal until resumption
of specie payments, it, would he atten
ded with ihingett; tit /kb the business
of the country is trot; it pres(int disposed
to en/quintet.; and ~rich I' believe to be
the judgment of 1111-3 llon-e. Radical
ellanves in :my SYMelll of
SlOttilri' ant to lu 111111Veliii! , 1, unless the
necc—ity i.; elear.. It i safer for the
i.ro,ent. to implove that . which we live.
The ;intendment propo:rel4, without in
thin tlikturbing the hunks, either
in their ourieney 0r their mode of do-
lig t ) - oippleinent• the system
)y ti 01 practical application to
he cuirency (4 the countty of the es
ahlkhod principles o f tinpply , and de
void, which rules; in all untrammeled
acsitte-::: with the happiest effect.
It Inns! he obvious to all, and has
14.(.11 tit - ilea by our expetienee,
that no i-yf,teni digtribution or na
tional blinking capital, in a country so
vastly extended and so diversified in its
induslriitl interests nti otuS, can be ap-
pontiontql on the basis of population ;
ur byeti the tifixed basis of population
and business, and 1.0 80 adjusted as ad
vqtaitely 4o meet the just \ (leniands of
husitiess.. f / Possibly it h; the4est basis
proe Heade under any system of fixed
iistriktitiou ; Ittil iL i!; rigid, itutl alien
ded w;ith practical inconcenienees that
it Elton bo our earnest ellot tfo correct.
What reasonable objection ca'n there be
to test a thin which does not in the,
leatA the hanhing , system, nor
interfere with any present or future
mode of funding ti \K: public debf?
adapts itlelf liindly!to both, and leaves
the quest on of an expanded currency
10 0 be determined, not, by the t grbitrary
. judgmed of a few men,"howeVer saga-
iotts anti wise, hat. I.y the practical ex
I=l
In this manner. ; -twin the time and
lumina-and duration of an eNpansion,
Within the in•eserituett limitations of
law, are sufficiently lised,'while at the
same time there is a►utple safeguard
against inflation in the 1)1'060 and easy
mode provided for retiring I npy t•xee•S
ivhiel► might, te►ulaorarily exist, and to
al ire Which there is a constant premi
um in the exchange of notes for inter
est-hearing bonds, whenever the dimin
ished_ uses of money sink its eurrent
value below the interest - on bonds
this mode be practicable, as I be
lieve ibis, 1 know of no reason which
should preclude the• people from the
right, to adjust the volume of the cur
rency for theMselvei4,., by au adjunct
tisstem, which, while it, leavcis the!_nor
mal volume of the currency undistur-
bed, places in their hands a 1 lode of ad
justment and regulation sitiple, easy
,.
and ,-a r c. ( i IV(' to InISIIICSS In Ter faeil-
Mut; and hi it lei niate Ilse f. If the
VieV , of I linc WhO say that the cur
-1411.y i=
_air( ady F-ullicient, he--mind,
lf?cli thew will be »o --further expan
siMi, and the bill will leg inoperative.--
11, on the contrary, those views are the
-,otiitile: 7 3 and beit which recognize a ne
cessity for more currency, then will the
intereqs of business prompt the people
to avail thetwelves of its provisions,
and that in the localities where it is
most needed ; and without - disturbing
the volume of enrre»ey in other places.
It is true, as a 1 ole, that. currency
will seek e mployment where it-is most
needed ; hit this is subject. to Conditions
' of time ;it'd place and circumstances.—
The extent of our territory and the vast
diversity of our industries, modify and
often wholly control itg operation.—
EVell at the great commercial centers,
both the volume and the value of meL
NUMBER 26..
1 ----
ney fluctuate widely; and while it is
often abundant on cal). at New York
and other like points of - cencentration ;
from four to four and a half per cent.,
it will 'command within diltinces of it
feW hundred miles, ten, twelVe, fifte4b, .
and even twenty per cent. To allow
the owner of gtivernment bonds at such
points to return them te l the original
source by express, by mail, or by any
agency in his choice, and to receive
their current market value directly and_
promptly from the , government, with
out the interventioa. of brokers . and
bankers, even where Alley are at hand,
turoften they are not, and without the
delays, inconvenience, and cost inci
dent to ordinary exe t hanges, is a boon
to the business community which ought
not to tr , refused. Itwill glve local and
promptrelief ; and by taking its sup
ply from the originat. source, is made
wholly independent of the speculative
schemes which distractlmainess at the
money centers. It puts the business of
the country beyond the reach of specu
lative iiterference, so far as it depends
upon currency., . It takes. from the gam 7
biers of t the st•K board this agency of
their power, in d renders it hazardous, I
if not Impossi le, to create an artificial
scarcity of cur incy, by gathering and
oi
withholding it from circulation, when
every owner of a bond, until the whole
hundred millions are exhausted, could
meet his necessities for currency 'by dal - ,
rect application to the national Treas- -
ury.
~ .
It Is a mode by , Which such increase
of currencyl .9 the business of_thecoun
try needs, can be easily reached, and
not one dollar beyond it.. It can lead
to no inflation, for the inducement . of
interest to refund in bonds any
,surplus
of currency, will be always present and
operative. I think the facts fully jus
tify the belief t hat a reasonablelnerease
may thus be reached in a mar6er more
easily controlled and better
_adapted to
its eud, by supplementing the• present
working system, with a limited, inde
pendent, convertible and self-funding
currency, than by declaring Ca fixed
amount of increase.
But, sir, I suppose I have made it sUf
flciently clear that the amendment I
have had the honor to oiler, does not
propose a fixed and definite expansion
of the currency. That it contemplates
a possible expansion is true, but one to
'lie determined solely by the requirt
ments of business. lam satisfied that
:there are vast, industries in the country
suffering ftilr lack of money facilities,
and that his want has operated, not
; only in a gneral depression of business,
but with g eat severity upon the labor
4.
ing classes.. There is not, in my judg
ment, currency enough to effect the ex
changes of the country with proper fa
cility. I speak for the country, as dis
tinguished from the cities.
The Present distribution of banking
capital has given to the . cities a very
undue proportion of the currency. It 1
is greatest just where it is needed least.
The mode of busine:S in the city—l
mean the great financial centers—and
- in the rural districts is essentially'dif
tidal-Az-4 , - ,; - ' --- -7 --- " - :;"_ 7.,_.= -
quate to its necessities. The great mass
of financial business in every large city
is transacted by cheeks and drafts, an:d
cash is to'a very linpted extent paid
over the comae'. DritetitintFi there do
not require notes of circulation. , The
amount is simply passed to credit, and,
as a rule, pay ni enr3 are by checks, with
out the use of af-i dollar' of currency ;
while in the country the rule is pre
cisely the other way, and nearly all dis-s
counts are drawn out in notes cif circu
lation, and when, the bank ceases to,
have notes, the gt•fieral li lie of diSCOUIIt.4 I
ceases. i '
- For the aceurny of this statement, I
think I may conThlently appeal to the
experience of all N% ithirr this hall ac
customed to banking in;rurat districts.
How vastlyin this iellitet tile practice
of banking differs in the great Commer
cial centers, may he stets at a glance.
For the 140: - ending May 28, 1870,
the bank cleat anees in New York city
reached the Niro mus :AIM of $576,62.5,-
521, and for the week eliding June 4,
1870, $513,-152,1;67 ; not bue dollar of
which was in l itotes of circulation, and
it, does not inelude that •largel addition
to its volume by (Meeks and drafts upon
.each bank paid by them severally at
their own counters. The statement
shows not only the vast amount of the
business, but a Ilin•t nation in one week,
,asliewn in this department alone,'•of
~/
1 :;o8 172„851. It is. - estimated that not
f '
eueeding five per ciutt. of the business
oc. New York, and probabl , not exceed
ing three, i'S done with not spf circula
tion.ll 'Were its business to uced to the
same relative and proporti grate use of
notes of circulation as pr vails iu the
country, that great city alone would re
quire a very large proportion of the en-
Aire currency of the nation, and its bu
lsiness in its present dimensions Nliould
lie simply impossible. i i ! •
But, sir, I suggest to Wise who op
peso any measure of expansion,- that
the limitations and restrictions impo
sed, render it, entirely sale against the
daubers of intim inn. It is made depen
dent upon the law of supply .and de
mand. 1 f business recites tile curren
cy to expand, why shiallil it not ex
pand? It' business does hpt require -it,
there will be nothing to set , the prOvi
slops of the bill in maim; ; and it will
remain a continued demonstration that
we have currency enough, and silence
the clamor for more.,
My own convictions the that the cur
rency has not at, any time been unduly
expanded, and that it would be safe to
expand it by a direct and positive in
crease new ; but a safer mode lies; as I
believe, In the provisions of this bill—
to refer the question to the established
principles of supply and detnand. .
Upon-`'the question of expansion, it'is
, not of much value to compare the cur
rency before the war With what it was
after the war had infused its energies
into all the pinsuits of life. The nation
leaPed at one vast bound from its tim
id, hesitating, and uncertain pupilage,
to a c•o»sciousliesm of its poWer, and en
tered' ti pun the deVelopment of its re
sourc.•s with an energy and suceess
which dwarfed its pi evious 6xperienees.
To the astonishment cif ourselves, as of
the world, we endured the drain and
hardships of the war and greiv strong
amid ifs buffetings. We prospered in
every material development ; and I be
lieve that to nothing were we more in
debted, than to the facilities afforded
by the increased volume of the curren
cy. It stimulaled ‘,. industry, it is true,
to au unprecedented degree; but we
look in vain for the evidences of any
excessiv ', undue, or redundant produc
tion. P - ices were high, because there
I was exc , ssive !demand for labor and for
food, and for every production of labor.