The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-02-14

Letter from an .9nssriran in Franee-I
French Currency.
Paris. August. 1873.
The hard money government Ill France /
has often been quoted in The United States |
- a pattern IL safety aud convenience 10
be adopted there. Besides. hawsSsr. the
lesson which il being taught The world
by Frrnrhmen themselves in their late
and multiplying messurrs for establishing
= more extended psper currency BY The
institution II banks npou very much The
same principles with thase existing in the
United States, ! hsEe, myself, had ire
qneni illustrations Of The operation. npnn
individual convenience. If this hard mo-
uey currency system here. No bills are
issnsd By The Bank of france af less
denomination than 5aOl. say 500. All
lte remainder OF the currency 10 in gold,
silver. and copper. This is oil very safe.
beyond quesiInn. but when We come
TO the matter Of convenience. The story is
very dlnerens. Eighty dollars. even, in
silver. Is NJ small matter lar man TO
carry in his breeches pocket. Ii he puts
il 10 The pocket 81 his coat tail. he is
scarcely better accommodated. In the
one ease he will find his suspenders Tes.
dy In give out al every step, il his peck
el itself does not: and n his irowsers are
of thin material, suited 10 a summer day.
/ lie will find himself lucky il gondly pnr.
ton Of them be not carried away by The
burden. In case the coat pockes be re-.
sorted 10, il will soon gisa the wea'er The
appearance uf one-sided, rheumatic, or
distorted person; beside. The dangling
load will swing III aud fro upon him like
a dog with pair Gf shears suspended up
on his tail. And yet so dnllars is mol a
large sum Tor one TO desire To have about
him in making his excursions through a
Guy, either IN business or pleasure.
Truly. he may relieve his cln,hes Of the
jog by having a bag ar pouch 10 carry in
his hand. Blu, oa day oi questionable
weather. the inconvenience OF carrying a
light umbrella is not small. and. il added
10 this is bag nf metaillc cnla. the odds
IN favor oil loosIng one or both would mol
he small.
| Bn, Why no: take gold, which has bu
liule bulk and M grea. weight m a sun
thai viii answer all ordinary purposes
Sure ennush--but then one must buy
gold IN order ,n gei Il, though lie may bt
faded down with silver. and even in This
old country of tie mstsllic currency
This demonstrates that, do all we will
silI' gold Will lemain an article nI uatfic
aud not an article ii currency exclusively
Take an instance: | have to-day paid Iu
small purchase made in the PaIsls Roy
al, the centre of business transaclnns; i
amounted 10 202 francs only. or say Al
dollars. had but hule mure Than LOT
dollars in my pocket, and that consisted
manly If 800 franc bill: this | hande'
To The uadesman. and he returned me, u
Necessity. 400 francs in silver. But
said. don't burden me thus, The weather i
Il orrressisely hot. and | have already bro
ken my snspenders onre to-day IN attemF
ting Ia carry about me your hevy meta
currency. Pray give me gold, il | mus
have CON. o, yes, he replied. but | mus
send few dnprs distant and buy il Eo
Won. could not avoid the alternative. an,
the gold was bought, al an expense, il L
true, Of only if,y-fvc cents for The SCI
that was due me; but aptly illustrating
bath the Inconvenience and expense u
commun people Of system Of hst'i cur
rsucy, Tia, is. nevertheless. by no mean:
system of exclusive hard currency,
I The man who deals only IN bundled dor
lar operations, and from that up 10 thou
i sands, feels nd Inconvenience or expense
from such system. for he is not touched
By it u, all. But il bears upon the small
er class ofdealers--lhe every day matters
aud such as spperlain Ia both that class
of individuals and that class olIade which
ls least able To bear such tax. | am sure
that. reason as one may on the theory Of
hard currency, il he would DO, attend
10 the conveaiences, ehespness and prac
ticable security of paper currency, ever
as low as five dollar no;es. and con,tas
Ii, with the Inconvenience and expense o
10 currency much mnre metallic. as ,,sxlss'
in France, he will be pursusdcJ thai iol
people like ours in America, and ever
for the French people, such paper cur
reucy is lar the best. and preferable il
every point Of view. s.
RI |, canno, escape observation that th'
, institution whose credit is safe for bills o
the denomination of 500 francs must Ger
,ainly be safe for bills of only 20 or 81
francs each. If bank can be made I,
&C, honestly relative TO the former clas'
Of bills. certainly i, can be made equal,
homes. in regard 10 bills Of The latter class
And hence, more depends upon The me,
administering any system ofbanking ,ha
! II n ~ A - ~