Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1840-01-02


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81. a.. ...,...... 4.
s.9ss s. ~ dyss s nv
for its disbrrsements must coecenfsate they have
every opporsnits TO obtain and use Them for specie
should Ii be for their interest convenience Ofta
.nsnbsr affhess drafts and tho facilities 4 may Of
tpEl as well aF II the rapiay with ssAscz NC Hhss
arg afHsa anu a's1a.ssas M,
", ~ ssa;r d:,v;ne ~,
YEAR the averavn amount II, their hands at any orc
time has not exceeded million tit half, and Of
the fifteen millions received rem the collector Of n
fork alone during he,rfeseafsyear the averaKsss
by euf'hg eaea ssck
~ oeenlRss 09ss W. rs ! Ys.s
4 The4ase and safesy q fl.es operations olss1he
Treasury IN keeH.nE zHe pupilc money, afeRlQs
thpten oF sne anpte1I aioIass own uraits t0zlAss
ipublicdues Inc o11echon arising from having
them too long outstanding, might be obytated,
and they yet MADE 10 snord 70 merchahts ana
banks hoidihg them an equisaien. ivf sPecle, aaa
IN That way greatly lessen the amount actually
required: Still less Inconvenience VIII attend
the requirement OF specie In purchases Oh pun
nc iands. oucn purchases, except WHICH iphoe
on speculations, are IN general pul single trans
actions, rarely repeated by the Same person; ana
It IS fact that ior the last year hne naii DUR
ing which the notes Oh SOUND nanks nave oeen
received more tnan ihotely OF THESE payments
- -7rSe- - -
larger proportion than @ouid nave been fequir-
ed in three years under the graduation propose
ea:
II Is moreover principle than which none 10
Dettef sciied by experience, that inc supply oi
the precious metals VIII always be found ade-
dmate 10 the uses 1or winch they are required
fhe apounoing countries Ior "nlcn no otnef
currency Is allowed, IN our own STATES, winery
small notes are eSciuoeo, goid ana shvo, sup
Ply .heif pace. Wnen arlyen 10 sheif nioing
PAGES oy pank suspensions, ii.ue hrmness IN
the coinmohty sooh res'ores liehi IN suhcieh,
quahtity ior ofuihafY purposes. ros.age 9 u
otnef pupiic cues nave peeh coiiectea IN CON,
"itnoat serious inconvenience, even IN stales
wnefe depreciateo paper currency mas existed
ol years anu ~, ans WIN . .ae d au
hor par. oi .he 'ilie, WIS oone , m,1lou' ihsef-
ruPiion CURING tiie suspension OF 1901.
at,he present moment tne receipts and as
and dlsbursements'of inc Government are made
III III lesai cuiIency III l''o iaise poiaor Vi me
on'onLno one suggests departure from ms
iuie ana u II eau now oe successfully esfrier ou'
u VIII De surely altenaed win even less dihcni-
WHEN oailh no'eS arc agah ieoeenieu III SPe-
cle.t
hdeeo, 4 cannot MINK tnat asefiohs on)ection
"oqld any Mnele ne raisea 10 Tue receipt ana
payment oI gplo ana sil'er III All Puoiic fansac-
'iohs, were ~ noe rom III apprehension that
surplus IN tnc treasury might "ltnafaw large
portion OF !. rom circuiapion, ana lohk ul-
prohtaoiy IN the pubic vaults. II would not, IN
my opinion, ee al'icui. 10 prevent 4. sucn an m
convenience ron ioIeurr'ng' p9l me au.neh'ic
statements which nave ALREADY sunmitted 10
you III regard 10 Tue ac'nai ahiount "a the Pubic
lreasuIy as any one ti,he, during inc period en-
pfacea IN lneni, ana me iittie prooapility OF a
dinerent state oI tne treasury Tor at least some
years 70 come seem 70 rehoer u unnecessary 70
, Iwe, upon ~. 1onsiess, moreover, az nave
peloIe observed. w'il IN every year nave an OPP
portuhiti 10 guard against ~ snouid me occur,
renee o. any circumstances leao us 10 appfehend
ahlu.y aom tni' soulee sewlhs .ne suoccl N
aii us aspuos oanno. nel.ese sliae any period
WIZ " i'oa' "a 'a'i 'he Dicseh' ior e'i
adop'ion oi a.. measures necessary 10 MAINTAIN
!ne salcu.y OF our own engagements, ana 10 aio
~ securing " .he conlinunity .ha' aounuaht sup
Ply oa the precious metals winch aads SO niufn
20 .neir prosperity, anu gives sucn increased sta-
bhlty TO all their dealings.
iha country ~ collnierciai as ours, Drinks N
some ioini wlii plcpaoiy always exist; pu. 'nls
se's"s oliy - nsaAe y l,e inofe Ihcuihoeh. on
as, hol"l..s.anuius inc ACKNOWLEDGEMENTS Oh tne
past 70 ssiite III ou, lespecuse slallons 70 .lr
sa'e ny es,.s .ne{ Plouuce ~ .he rom siiell,
as rapiaiy as lne ounguuens o. puoic iaitn ana
careini consideration OF the immediate inter-
csas ~ ING ooirihun'y VIII permit, Inc Just
cllaracter u ,mohoPoIes' toeheck SO lar as may
ptatiogns OF interest and those opportunities for
their dangerous Indulgence, which beset them on
every slue, ana 70 conilne them strictly 70 tne
performance OF .nelr paramount du'y, tnat o. aia-
ing Me operauons ol Gonnerce, ra.ner mt, man
consuhs lhe,r own cAcluslve ausan'ase l1e as
ap u.,et ~. nay, ~ 70 pe
accolhhi snea "i.eou. inc vioiatot oi any Of inc
ss1yaiica n which f INDEPENDENTLY. m Ito lev;v
49, =. ;n,".,;s;.,, :; ~, '.,as Iii. IL
eehSe, " n.,ei,o'ins III any way WI .he uSefui
ahq prohlapIe employment Oh real capital ~,
Institutions SO Trained have existed and still
exist elsewhere, giving to commercial inter-
or denrec;atuo the c,,rrcncx or ,;,,, srer
ni,t;nn ,rLns ancomnI;sL;,o =.
~. IL 49, P.is - Nl' ~
Shas' t'iey nave gaineu Ing surest sharuntee ior
heir protectien ana encouragement Up the good
Will OF the community Among people SO Just
as ours the same results could not fail to attend
a similar course. The direct supervision of the