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PROFESSIONAL CARDS. R. 11. JONES, ATTORNEY AT LAW, SiBEHTOK, GA. Special attention to the collection of claims, [ly L. J. GARTRELL, ATTORNEY AT LAW, ATLANTA, GA, PRACTICES IN THE UNITED STATES ClR cnit and District Courts at Atlanta, and Supreme and Superior Courts of the State. SHANNON & WORLEY, ATTORNEYS AT LAW, ELBERTON, GA. V\J ILL PRACTICE IN THE COURTS OF VV the Northern Circuit and Franklin county JGgfSpecial attention given to collections. J. S. BARNETT, ATTORNEY AT LAW, BLBBHTOK, GA. JOHN T. OSBORN, ATTORNEY AND COUNSELOR AT LAW, ELBERTON, GA. TT7 ILL PRACTICE IN SUPERIOR COURTS VV and Supreme Court. Prompt attention to the collection of claims. nevl7.ly ELBERTON BUSINESS CARDS. T."^?BoWMA>r&^oo^ REAL ESTATE AGENTS ELBERTON GA. WILL attend to the business of effecting sales and purchases of REAL ESTATE as Agents, on REASONABLE TERMS. ggg?" Applications should be made to T. J. BOWMAN. Scpls-tf LIGHT CARRIAGES & BUGGIES. J. P. A ULI) (Carriage 3 J^nufact’R ELBERTON, GEORGIA. WITH GOdD WORKMEN! LOWEST PRICES! CLOSE PERSONAL ATTENTION TO BUSINESS, and an EXPERIENCE OF 27 YEARS, He hopes by bonest and fair dealing to compete any other manufactory. Good Buggies, warranted, - $125 to $l6O REPAIRING ANDBLACKSMITHING. Work doije In this line in t Very best style. The Best Harness TERMS CASH. i y22~l y J. M. BARFIEL.D, THE HE A L LIVE Fashionable Tailor, Up-Stairs, over Swift & Arnold’s Store, ELBERTON, GEORGIA. B@f"Call and See Him. THE ELBERTON DRUG STORE fl. C. EDMUNDS, Proprietor. Has always on hand a full line of Pure Drugs and Patent Medicines Makes a specialty of STATIONERY and PERFUMERY Anew assortment of WRITING PAPER & ENVELOPES Plain and fa ncy, just received, including a sup ply ot LEGAL CAP. CIGARS AND TOBACCO of all varieties, constantly on hand. F. A. F. NOBLETT, mmm&L mm, ELBERTON, GA. Will contract for work - in STONE and BRICK anywhere in Elbert and Hart counties. [jel6-6m W. O. PRESLEY, IYJAITPR LI LL It cLVt Lit £J £1 JLIIHIYJLIItv ELBERTON, GA. Will make first class harness to order, war ranted, and at prices to suit the times. Will be glad to show specimens of his work to parties, and no harm is done if ho work is wished. Repairing Done Promptly. r. W. JACOBS^ HOUSE i SIGN PAINTER Glazier and Grainer, ELBERTON, GA. Orders Sc licited. Satisfaction Guaranteed. ’ MEASE 9 ® - PALACE DINING ROOMS, ATLINTA, GEORGIA. The Champion Dining Saloon of the South BVEKYBODV IS INVITED TO CALI, THE GAZETTE. ESTABLISHED 1859. ISTew Series. BELLE BOYD. Yesterday evening, hearing that Miss Bello Boyd had arrived from Galveston and was stopping at the Dissin house, an Age reporter called and in the second-story parlor of the hotel met this lady, whose name will live to future ages along with that of John d’Arc, as one of the romantic characters that looms up from the great war of 18G1. Miss Boyd appeared neatly attired, and is rather a handsome woman, whose dark eyes flash with something of the'Virginia beauty in times gone by. After a few minutes’ conversation the discourse drifted to a discussion of the war. In reply to a question of the report er, Miss Boyd gave the following ae count of her saving of Stonewall Jack son’s army in the valley, in 18G3. At the time she was a prisoner of war in Winchester, which was then held by the federals. Ono evening Miss Belle was in the parlor talking with Captain Jones, of the Twenty fourth Indiana, when she overheard an officer remark we’ll get old Stonewall this time.” Whilst pretending to talk to the captain she intently listened, but heard no more. A few minutes afterwards she managed to get to speak to a negro man employ ed on the premises, but without being overheard. She slipp ed a note in his hand, at the same time giving him $5, and telling him to deliver the note - to a certain lady of her acquaintance in Winchester. The note requested her friends among, other directions, to send Miss Bello a country woman’s suit of clothes imme diately. The note was promptly an swered by the appearance of a negro servant girl, carrying a bundle contain ing the ‘'country suit.” It was convey ed into the hands of the “spy” without exciting any suspicion. She immedi ately habited herself m the coarse robes of a servant, and with a long bonnet— such as used to be worn by negro ser vant girls before the war. Covering her features, she passed the guard, who supposed her to be a servant girl sure enough. Having escaped, she made Gibson, five miles from Winchester, her way on foot to an old “rebel,” Mr. The “spy,” to whom Mr. Gibson was well known as an old friend, said : Mr. “Gibson, I want a horse ?” Gibson—“ What in the world do you wani with a horse V’ Miss Boyd—■“ I want to go to Jack bod s Gibson—“But bow in the nation can you think of going in that dress 1” Miss Belle—“I don’t care how I go, or what 1 wear, so I get to Stonewall Jack son to-night. I want to save his army. I don't care what they take mo for, or whether thej think I'm ‘a nigger or not.” The old man found it was of no use persuading her. She mounted a high mettled Virginia steed and struck out at a gallop. After riding some seven miles from Gibson's, sho heard voices in the woods near the road, it being night. She drew rein, and rode into the bushes. The voices drew nearer The Yankees lvave pursued and cut me off, she thought. But it turned out to be some boys out coon and possum hunting. This dissidated her fright. She knew one of the hunters. “I want you to tell me if you know any thing about Stonewall Jackson’s army,” she inquired of him. “Yes, his army is some six or eight miles towards the mountains,” was the reply. The “female spy” rode on, and the dawn of the morning was breaking up on the historic hills of Virginia as she reached Jackson’s camp. One of the first persons she encountered was an officer of his staff who had previously known hes. “Hey ! Miss Belle,” said he, “what are you doing [here?” I thought you were in Winchester yesterday evening a pris ner. •‘I was,” she replied, “but am at Stone wall Jackson’s headquarters this morn ing.” Regarding her servant’s apparel, the officer said: “Miss Belle, who in the world has been hiring yon for a chambermaid since you’ve been to Wincester?” “Oh, nobody has been hiring me, but I’ve come to be Stonewall Jackson’s waiting maid to-day 1” She was immediately carried to Gen. Jackson’s tent, where she informed him of the intentions of fremont and Banks to fall upon him, and that his only move was to retreat. He did so, and intercepted Banks at the Gap, and afterwards Fremont, with what result history tells. [Houston Ago. <£>+ Andrew Johnson, Jr., son of the late President has announced himself a candi date for the Legislature of Greene coun ty, Tennessee, subject to a preliminary election to bo held on the 13th of August. The Nashville American says he is “a true chip of the old Democratic block, and that the Democracy of Greene county .could not better commemorate the viirtnes of his illustrious sire than by electing him.” * Glyconin. —A mixture of five parts of glycerine and four parts of the yelk of an egg, under the name of glyconin, has been used to some advantage for the healing of wounds, the mixture forming a varnish over the skin impenetrable to air and moisture ELBERTON, GEORGIA, AUGUST 23,1876. For the Gazette.] AN ORGAN AT DEEP CREEK. Mr. Editor : As some set forth the most prominent occurrences in their vi cinity, I think of giving you the details of an unusual incident, which took place on last Sabbath. The congF'eatiofi met at an early hour, and were engaged in vocal music, when two gentlemen were seen in a buggy, approaching the church,' with some large object in the btiggy, which some said was a sewing machine. They halted before the door, and what was their suprise to fin 1 that it was an excellent organ, and that the owner was ;an excellent performer ! It was carried into the church, and the performer be i gan to play, and from twenty to fifty : fine voices joined with it, making the ! grove resound with the melodious I harmony of instrumental and vocal music. 1 Never were any people more attentive to | anything than were those people to the music. After performing sometime, Di vine service commenced, and we had an intcresling discourse by Rev. Duncan. Mr. V. hau come to perform on his or gan and to try to make a singing school; and although the preacher urged them to make the school, we learn that there was biit one scholar entered. I learn that there are many who object strongly to instrumental music in the church. Now, if such people would read carefully the last Psalm of David, it seems that they might alter their notions, for David strongly urged instrumental music. It used to be the case that all instru mental music was condemned. Take the violin for instance. Some will say that the violin has been used in dissi pated circles, and that it is a sinful act to go to hear any instrument, because Throw harm may have been done by them. To such wo would say: a way your ax; for some man has been cut by an ax. Put out your fire, and never kindle it again ; for fire has burnt up much property and many houses. Throw awav your pen and ink ; for much harm has been doue by writing. Stop all your preachers from preaching; for some have preached false doctrine. Never call in a physician; for somo accident has hap pened, and a doctor has administered the wrong medicine. Any reasonable man or woman can readily see the futili ty of such arguments. Good music, either vocal or instrumental, elevates the soul, and makes us for a moment forget the troubles of life. It fills the soul with devotion ; it softens the most cal lous lit arts; and makes one better in many respects. Then, frmuJs, Go nuL object to the organ ; for in thus doing “thou reproachest Elberton also.” But make a school—a large school—a good school —a musical school—and sing and play with the spirit and with the under standing ; for in so doing you will serve the Lord acceptably. A. THE WAY JEREMIAH BLACK DEFEND ED BELKNAP. The N. Y. World, in speaking of tho speech made by the Hon. Jeremiah Black in defence of Belknap, says it was “a piece of rare and audacious cynicism that will take rank with his ironical de fense of Stanton, published in the Galaxy some time since.” Ho argued that Belknap should go free because he was no worse than Grant and his At torney General. He charged that the whole administration was as guilty as Belknap and that one man should not be singled out for punishment because he has had the misfortune to get caught while all the others go free. What a commentary upon the condition of affairs brought about by Radical misrule that a man of profound legal knowledge a man who h< s made many bad cases appear clear as the sun at noon-day by his command of language and argu ment can find no better defense for the Secretary of War than that in taking bribes, he was only doing what every official with whom he camo in contact was at least countenancing in others if Hot actually engaged in the same nefar ious ti ansactions. The man who under takes to bring this government back to the priciples of honesty and economy will have a most Herculean job and one which no President elected by the Re publican party can possibly accomplish, no matter how much he may desire to do so. The Cot Ton Situation. —Refurring to the Manchester market as the key to the situation lately Messers. Smith, Edwards & Cos., the well-known Liverpool cotton brokers say in their circular that has just come to hand; “The depression there has become worse than has been known for many years,and low as cotton is the price of goods and yarns is relatively much lower. Indeed, we believe we are within the mark when we say that a fur ther fall cf ,ld. per pound in cotton wo’uld be required, without any decline in Man chester, to put the trade on as good a footing as they occupied at the beginning of this year. We hear on all sides the loudest complaints of the difficulty of moving stocks of goods. It is said that such an accumulation has not been known since 1860, and with no pofitable ciltlet in any foreign market the prospect is not cheering.” ♦ Wasn’t it rough oil Lida, just as she was telling Frederick at lunch how othereal her appetito was to have the cook drawl out, “I say, will yo have yor pork and greens now, or wait till yer feller’s gone ?” • ♦ ♦ Republics come to an end by luxuri bus habits; monarchies by poverty. GOV. TUiDEN’S LETTER. Gextlbmen : When I had the honor to receive a personal delivery of your letter on behalf of , the Democratic National Convention, held on the 27th of June, at St. Louis, advising me of my nomination as the candidate of the constit uency ssented by that body for the office of Presidency' the United States, I answered that, -at my earlier convenience, and in conformity with usage, I would prepare and transmit to you a fornjal acceptance I now avail myself of the first interval in unavoidable occupations to fulfill that engagement. The Convention, before making its nomina tions, adopted a Declaration of Principles, which, as a whole, seems to to me a wise expo • ition of the necessities ot our country, and of the reforms needed to bring back the government to its true functions, to restore purity ot admin istration and to renew the prosperity of the people. But some of the teforms are so urgent that they claim mot e than a passing approval. The neeesity of a reform “in the scale of pub lic expeuse—Federal, State and Municipal,”— and “in the mode of Federal taxation,” justifies all the prominence given to it in the Declaration of the St. Louis Convention. The present depression in till the business and industries of the people, which is depriving la bor of its employment, and carrying want into many homes, has its principal cause in excessive governmental consumption. Under the illusions of a spacious prosperity, engendered by the false policies of the federal government, a waste of capital has been going on ever since the peace of 1865) which could only end in univer sal disaster. The federal taxes of the last eleven years reach the gigantic sunt of 4500 million. Loc il taxa tion has amounted to two-thirds as much more. The vast aggregate is not less than 7500 mil lions. This enormous taxation followed a civil con flict that had greatly impaired our aggregate wealth, and had made prompt reduction of ex penses indispensable. It was aggravated by most unscientific and ill-adjusted method#'of taxation that increased the sacrifices of the people far beyond the re ceipts of the treasury. It was aggravated, moreover, by a financial polity which tended to diminish the energj-, skill and economy of production, and the fru gality of private comsuuiption, and induced miscalculation iti business and an unrcmuuera tive use of capital and labor. Even in prosperous times, the daily wants of industrious communities press close!} upon their daily, earnings. The margin of possible national savings is at best a small percentage of national enrui igs. Yet now for these eleven years gov ernmental contumption has been a larger pro portion of the national earnings than the whole people can save in prosperous times for all new investments. Tii consequence ot these errors are now a prese it public calamity. But they were never doub ful, never invisible. They were necessary and inevitable, and were foreseen and depicted wbefitiie waves of thai fictitious prosperity ran liighf t. , Tig s reform will be resisted at every step, but if n. persistently. We see to day ptesentttlives of till: people in u.. .... , while.struggling to re duce expenditures, compelled to confront the .menace of the Senate and Executive that unless the objectionable appropriations be consented to, the operations of the government thereunder shall suffer detriment or cease. In my judgment, an amendment of the Constitution ought to be devised separating into distinct bills the appro priations for the various departments of the public service, and excluding from each bill all appropriations for other objects, and all inde pendent legislation. In that way alone can the revisory power of each of the two houses and of the Executive be preset veil and exempted from the moral duress which often compels as sent to objectionable appropriations, rather than stop the wheels of the government. An accessory cause enhancing the distress in business is to b' found in tho systematic and insupportable misgoveinment imposed on the States of the South. Be. ides the ordinary ef fects of ignorant and dishonest administration, it has inflicted upon them enormous issues of fraudulent bonds, the scanty avails of which were wasted or stolen, and the existenco of which is a public discredit, tending to bank ruptcy or repudiation. Taxes generally oppres sive, in some instances have confiscated the en tire income of property,' and totally destroyed its marketable value. It is impossible that these evils should not react upon the prosperity of the whole country. The nobler motives of humanity Concur with the material interests of all in requiring that every obstacle be removed, to a complete and durable reconciliation between kindred popula tions once unnaturally estranged, on the basis recognised by the St. Louis platform, of the “Constitution of the United States, with its amendments universally accepted as a final set tlement of the controversies which engendered C'vil war ” But, in aid of a result so beneficent, the moral itifiueuce ot every good citizen, as well as every governmental authority, ought to be exerted, not alone to maintain their just equality before the law, but likewise to establish a cordial fra ternity and good will among citizens, whatever their race or color, who are’ now united in the one destiny of a common self-government. If the duty shall be assigned to me, I should not fail to exerci-e the powers with which the laws and the constitution of our country clothe its Chief magistrate, to protect all its citizens, what ever their foimer condition, in every political aud personal right. “Reform is necessary,” declares the St. Louis Convention, “to establish a sound currency, re store the public credit and maintain the national honor;” atld it goes on to “demand a judicious system Of preparation by public economies, by official retrencl tHelits, and by wi-e finances, which shalletiatde llie nation soon to assure the whole V.orld of its perfect ability and its perfect readiness to meet any of its promises at the call of the creditor entitled to payment. The object d' miinded by the Convention is a resumption of specie payment on the legal ten der notes of tile United States. That would not dnly “restore the public credit” and “main tain the nationalhonor,” but it would “establish a sound currency” for the people. The methods by which tlrs object is to be pursued, and the means %y which it is to be attained, are disclosed by tthat the Convention demanded for the future, and by what it de nounced in tlie past. Resumption of specie payments by the Gov ernment of the United States on its legal tender notes would establish specie payments by all the banks.on all their notes. Tbebffltial state ment, made on the 12th of May, shows that the amount of the bark notes was 300 millions, less 20 millions held by themselves. Against these 280 millions of notes the banks held Ml millions ot legal tender notes, or a little more than fifty per cent of theifi amount. But they also held on deposit in the Fedeial Treasury, as security for these rotes, bonds of the United States, worth in gold about 3CO millions, avail able and current in all the foreign money mar kets. In resuming, the bonds, even if it were possible for ali their notes to be presented for payment, would have 500 millions of specie funds to pay 280 millions of notes, without con- Vol. Y.-No. 17. tracting their loans to their customers, or banks, undertaking to resume, have usually been oblig ed to collect from needy borrowers the means to redeem excessive issues and to provide reserves. A vague idea of distress is, therefore, often as sociated With the process of resumption. But the conditions which fcau.-e’l distress in those former instances do not now exist. The government lias only to make g'o'od its own promises and the banks can take care of -themselves Without distressing anybody. The government is, therefore, the sole dclinqu mt. The amount of the legal lender notes of the United State now outstanding is less than 370 millions of dollars, besides 34 millions of dollars of fractional currency. How shall the govern ment meke these notes at nil times as good us specie ? It lias to provide, in reference to the mass which would be kept in use by the Wants of business, a central reservoir of Coin, adequate to the adjustment of the temporary fluctuations of international hiilahccs, and as a guaranty against transient drains artificially created by panic or by speculation. It has also to provide for the paytnent in Coin of sucii fractional currency as may be presented for redemption, and sucii inconsiderable portions of the legal tenders as individuals may, from tunc to time, desire to convert into special use, or in older to lay by in coin their little stores of money. To make tho coin now iu the treasury availa ble for the objects Of this reserve, to gradually strengthen and enlarge that reserve, and to pro vide for sucii other exceptional demands loreoin ns may arise does not seem to n.c a work of difficulty. If wisely planned and discreetly pursued, it ought not to cost any a..orifice to ihe business of the country. It should tend on the contrary, to a revival of hope and confidence. The coin in the treasury on the 30th of June, including what is held against the coin certifi cates, amounted to nearly 74 millions. The current of precious metals which lias flowed out of our country fot the eleven years from July 1, 18(35, to June 30, 1876, averaging nearly 7(3 mil lions a year, was 832 millions in the whole period of which <317 millions were the product ot our own mines. To amass the requisite quantity by intercept ing from the current flowing out of the country, and by acquiring from the stocks which exist abroad without disturbing the equilibrium of foreign money markets, is a result to be easily worked out by practical knowledge and judg ment. With respect to whatever surplus of legal ten ders the wants of business may fail to keep in use, and which, in order to save interest, will be returned for redemption, they can either be paid or they can be funded. Whether they continue as currency, or to be absorbed into the vast mass of securities held as investments, is merely a ques tion of the rate of interest they draw. Even if they were to remain in their present form, and the government were to agree to pay on them a rate of interest, making them desirable as in vestments, they would cease to circulate and take their p’aee with government, stale, muni cipal, and other corporate and private bonds, of which thousands ot millions exist among us. In the prefect ease with which they can be changed from currency into investments lies the only danger to he guarded against in tho adop tion of general measures intended to remove a clearly ascertained surplus ; that is, the drawn! of any which.are *.jt a permanent excess, beyond flic wants of business. Even more mischievous would beany meitstir'e which affects the public imagination with the fenrofnn.np prehended scarcity. * In a community wucrc credit is much used, fluctuations ot values and vicissitudes in business are largely caused by the temporary beliefs of men even before those beliefs can conform to ascertained realities. The amount of tho necessary currency, at a given time, cannot be determined arbitrarily, and should not be as. timed on conjecture. That amount is subject to both permanent and tem porary changes. An enlargement of it, which seemed to be durable, happened at the begin ning of the civil war by a substituted use of currency in place of individual credi.s. It va ries witii certain states of business. It fluctu ates, with considerable regularity, at different seasons of the year. In the autumn, for instance, when the buyers of grain and other agricultural products begin their operations, they usually need to borrow capital or circulate credits by which to make their purchases, and want these funds in currency capable of being distributed in small sums among numerous sfellers. Tho additional need of currency at shell times is five or more per cent, of the whole volume, and, if a surplus beyond what is required for ordinary use does not happen to have beett fin halld at tho money centers,a scarcity of currency ensiles, and also a stringency in the loan market. It was in reference to such experiences that, in a discussion of this subject in my annual message to the New York Legisla ure of Janua ry 5, 1875, the suggestion was made that: “The federal government is bound to redeem every portion of its issues which the public do not wish to use. Having assumed to monopolize the supply of currency, and enacted exclusions against everybody else, it is bound to furnish all the wants business require.” * * * * “The system should passively allow the volume of circulating credits to ebb and (low, according to tlie ever-changing wants of business. It should imitate, as closely as possible, the natural laws of trade, which it has superseded by artificial | contrivances.” And in a similar discussion, in ; my message of January 4, 1870, it was said that | resumption should be effected “by such mcas- i ures as would keep amount of tlie currency self-adjusting during all the process, without creating, at any time, an artificial scar- I city, and without exciting the public imagina- 1 lion with alarms which impair confidence, con ■ j tract tlie whole largo machinery of credit and ; disturb tlie natural operations of business ” “Public economies, official retrenchments and wise finance” are tlie means which the St. Lottis Convention indicates a6 provision fot reserves and redemptions. The best resource is a reduction of the ex penses of the government below its inedme; lor that imposes no new charge on the people. If. however the improvidence anl waste which have conduced us to a period of falling revenues oblige us to supplement tlie results of economies and retrenchments by some resort to loans, we ' should not hestate. The government ought not to speculate on its own dishonor, in order Ur! save interest on its broken promises, which it j still compels private dealers to accept at a ficti tious par. The highest national honor is not 1 only right, but vt till Id prove profitable. Of the 1 public debt, 985 mill ions bear interest at six per ; cent, in gold, and 712 mtlliods at five per cent, in gold. The average interest is 558 per [cent. A financial policy which should secure the ' highest credit, wisely availed of ought gradually to obtain a reduction of one per cent, in the interest on most of the loans. I A saving of one per cent. on the avferngs would be 17 millions a year in gold. \ The savings regularly invested at four and a half per cent, would, in less than thirtyiciglit > years extinguish tlie principal. The wlio'lc j 1,700 millions of funded debt might be; paid ; by this saving alone, without cost to the people. ' The proper time tor lesumption is tlie time when wise preparations shall have ripened into | it perfect at).lily to accomplish the Object with a certainty and ease that will inspire confidence, and encourage tlie reviving of business The earliest time in which such a result can be brought about is tJb-.Wcst. EVeit when the i preparations shall have been matured, the exact date would have to be chosen with reference to the then existing state of trade and credit oper ations in our country, tlie course of foreign commerce, arid the condition of tlie exchanges with Other nations, The specific measures and tlie afcthal date i'.'rq matters of detail having reference to evcr-cliiiltgiiig conditions. ,T. - y belong to tlie dohtain of practical administrative statesmanship. Tlie cabinitioF l a l steamer, aboujf starting from New York to Liverpool, does .not assemble a council over liis ocean chart and tig an angle by which to lash the rudder fpr tlie whole voyage. A human intelligence trust be at the helm to discern tlie shifting forces of tho waters and the winds A human hand must bn on tlie helm to feel tlie elements day by day,and guide to a mastery over them. , Sueli preparations are everything. Without them, a legislative command fixing a day, an official promise fixing a day, are shams. They are worse—they are a snare and a delusion to nil who trust them. Tliby destroy all confidence among thoughtful men Whose jiulgme it w ill pit last sway public opinion. An attempt toact ou such a command or sucii a promise, without prepnwniotl, would end in anew suspension, it would iic a iVesh calamity, prolific of confu sion, distrust and distress. The Act of Congress of the 1-lth of January, 1870, enacted tlmt, on and after the Ist of Jan uary, 1879, the Secretary of the Treasury shall redeem in coin the legal tender notes of tlie United States oil presentaUpn at the office of tin* assistant treasurer in tiff City of New York, it, authorized, tho sieretnry “to prepare and pro vide ior” such resumption of specie payments by the use ot any surplus revenues not other wise appropriated ; and by issuing, in his dis cretion, certain classes of bonds., ( Mote than tine and li half o ’ the ipur years, liuvt) passed. Congress aud tlie President have continued ever since touuite in acta which have legislated outof existence every possible surplus applicable to tins purpose. The coin in tjie treasury claimed to belong to, tlie government, bad, bn the 30th of Jiine, fallen to less than 45 niiiiiotis of 'dollars as against 59 millions on the Ist of January, 1876, and the, availability of a part of that sum is said to be questionable. Tlie revenues are failing faster than appropriations and expenditures are re duced, leaving the treasury with diminishing rosourebs. The secretary, has done nothing un - der Ids power to issue bonds. The legislative command, tlie official promise fixing a day for resunijitipn, have thus far been barren. No practical preparations towards re sumption have been made. There has been no progress. There have been steps backward. There is no neeroraany in tlie operations ot government. The homely maxims pi,every-day .life are the best standards of its conduct., A. debtor who should promise to pay a loan out ot surplus income, yet tie seen every day spending all lie could lay Ids bands on in riotous living, would lose all character for honesty or veiacily. ilis offer of anew promise or Ids profession as to the value of the old promise, would alike provoke decision. The Bt. Louis platform denounces tho failure for eleven years to make good tlie promise ot the legal Under notes. It denounces the omis sion to accumulate “any reserve for their re domhtiott.” It denounces the epffdtict “which, during eleven ycaCs of peace, baa ttii.de no ad vances towards resumption, no preparations for resumption, but instead lias obstructed resump tion, by wasting our resources and exhausting all our surplus income, and while professing to intend a speedy return to specie payments, lias annually enacted fresh hindrances thereto.” And having first denounced the barrenness Jof the promise of a day of resumption, it next denounces that barren promiso as a “hindrance'' to resumption, it then demands its repeal,and, also demands tlie establishment of “a judicious system ot preparation” Ibr resumption. It can not be doubted that tlie substitution of a ,l sys~ tern of preparation,” without tlie promise ot a day, for tlie worthless promise of a day without “a syst*. m of preparation” would lie tlie gain ot the substance of resumption in exchange for its shadow. Nor is tlie denunciation unmerited of that im provijience which, in tlie eleven years since llio peace, lia3 consumed 4,500 millions ot dollars, and yet could not afford to give llio people n. sound and stable currency., Two and half per cent, on the expenditures of these eleven years, or even less, would have provided it!! the addi tional coin needful to j-esuniption. The distress now felt by the people in alt their business and industries, though it has its principal cause in the enormous waste of capit al occasioned liy tlie false policies of our gov ernment, has ticcn greatly aggidtVated Jty _thq mismaiiiigetpeiit of the currency. Uncertainty is the prolific parent oi mischiefslnjaii business.. Never were its evils mure filt than now. Alert do nothing, because they arc unable tb makb ally calculations on which they cari shfcly rely. They undertake nothing, because tliey tear it loss iii everything tliey would attempt. They stop and v. ait. The merchant dares not buy for tne future consumption of his customers. Tho manufacturer does not make fabrics which may not refund his outlay. He shuts his factory aud discharges his workmen. Capitalists cannot lend ou security tliey consid er sale, and their funds lie almost without in terest. Men of enterprise who have credit, or securities to pledge; will not borrow. Con sumption has fallen belotv the natural limits of a tbasonable ecbhoiiiy. I’ricbs of many tilings are Under their ratigb in frugal, specie paying times before tlie civil war. Vast masses of currency lie in the banks unused. A jcai* and a half ago the legal tenders were at their largest volume, and the tlVelVe, millions sinco reiired have been replaced by fresh issiics of fifteen millions of bank notes. In the meantime the banks have been surrendering aliout four millions a thumb, because they cannot find a profitable, use for so many of their notes. Tlie public tfiitid will no longei - accept sUatns. It lias suffered enough from illusions. An in sincere policy increases distrust. An tinsfablo policy increases uncertainly. The people need to know that tlie government ts moving in the diiection of ultimate safety and prospeiity, and that it is doing so through prudent, sale and conservative methods, wl ich will fie sure to iii flibt no new sacrifice on tlie business of tlie Country. Then the inspiration of new hope and well founded confidence will hasten the restor ing probesseS (if tiatitre, and proip rity will be gin to rettiru. Tlifc Bt. Louis Convention fcoitcUtdes its ex [irestibn In regard to tlie currency Question of its cbtiVictlbns its to the practical results of tho sysloffi of ((reparations it demands, it says: “Ve belieVe stieli a system, well devised, aiidj above all, intrusted to competent hands lor ex ecution, Creating at lit) time an artificial scarcity of ciirretifcy, and at no time alarming the public mind ittiff a withdrawal of that vaster machine ry of credit by which ninety-five percent, of all business transactions arc performed —a system open, public, and inspiring general confidence would, from tlie day of its adoption, bring heal ing oii its wings tb al! b'uf - liarrassed industries, set in motion tlie wheels of ctfitintei'ce, manu factuf’cs and tlie mechanic arts, restore eniploy tnent ot labor, anil re hew in all itS natural sources tlie prosperity ot tlie people, , . The government of the United Stales, in nay opinion, can advance to a resumption of spccio payments on its legal tender note by gradual and safe processes tending to relieve tlie present business disiress. If charged by the people witii the administration of the executive office, 1 should deem it a duty so to exercise the powJ ers with which it lias bben or may be invested by Congress sis bfcst and soonest to conduct the country to that beneficerit result. The convention justly affirms that reform 's ficcessary in tlie civil service, ncccsSaty to its purification, necessary to Jit4 economy and its efficiency, necessary in order that tlie ordinary employment of the public bust nisi may hot be “a prize fought for at tlie ballot box, a brief re- lof party zeal instead of uosts of honor assignodlfor proved competency, ari l held for f>- and lit/ in the public employ. ’ The convention wisely added that “Reform is necessary even more in higher grades 6'f the public service: I’rcsiilent, Vice-President, JudgtS, Senators. Representatives, Cabinet Officers, these and alt others iu authority aro.the, people’s servants. [Nee secondi<ajc ]