Clarksville Weekly Chronicle

RESUMPTION.

We publish the following from a correspondent without pronouncing upon the opinions it advances, not being prepared at present to go into the currency question. It will be remembered that we have always opposed the arbitrary appointment years beforehand of a definite period for resumption, believing that to do so requires a greater degree of prescience than the wisest statesman possesses:

On the 1st of January, 1877, there were $350,000,000 of greenback money in circulation; by the policy and legislation of the past administration this money is all to be redeemed—in other words, retired and destroyed. With it will be destroyed the hopes and profits of thousands of enterprising business men. When this money is called in and destroyed the amount of bonds will be $350,000,000 larger than it now is. Then the people will have interest to pay on $350,000,000 more than now.

Thus over one-third of the money now in circulation will have been retired, and pawnbrokers, National bankers and Shylocks can obtain one-third more interest than now. As they go on sweeping enterprise into the grave, sweeping men and families from their means of subsistence, depreciating the value of real estate to bring it down to a level with the gold coin they hold in their grip, and then they will foreclose, and not only will they bid in and own the lands and the farms, but those who now have homes will then be homeless.

Verily, it would seem, as the prophet has expressed it: "And my people love to have it so," otherwise they would have long since risen up in their might and demanded to have it otherwise.