New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-01-08
to obtain IN exchange the promssory notes of the


v,ilIie-air,s. OF VI ,m our correspondent speaks
sbo flfn.t such conclusive e'IdeH e OF their
wealth n being willing TO P'y for money double
.a,i treble It s e 4, maXiGum Well may they
se 40 Under the new system however. no su,h
i.f5ou,ty would b.. e1 2ersnced. TIE highest Sc
cuI'y might sher be ;iseu az tie highest rae,
s. the money Leader VOuId 10: be slow 10 profit
by ,he privilege ia. lad beer grated him D! bis
free ,rsde feiends
We are tod however. ths. under the ne.
state Of things 80 when the hacyOn days OF
freedom" shsl have commenced, lenders will
End difficulty in obtaining even seven per cent -
ard il evidence ths, such results are 20 be real
iz,d are referred to the twenty two States that
are now almost entirely cier of usury rcstric-
tons Having made inquiry which are the
States ihs. a'e thus referred to we dnd that It
embrsces all except New Hampshire, Massscbu-
sets New York New Jersey p .nnylvsnia,
Delaware North Carolina Illinois and Wlscon-
sin. How far the ststemeut may be core t as to
TIE condition of the laws i the other twesty
two >tstes we do 10. profess to know but admit
tIg al that sre correspondent asserts, we beg to
suggest TO him that be proves quite too nu,h
for himse.f South Carolina we sre told, is
free from usIry restrictions and jet tae
last menace o. her Governor assures us
that the financial distress there existing
ceeds any known since 1885 Yrginia is said
also to be free, but some of Der journals have re-
Gently been forced 70 recommend suspension Of
her banks. Indiana S said to be free, bat her
financial Difficulties seem e. be greater THAI those
Of Illinois and Wisconsin. which are not Rhode
Island is cla..ed among the free, but money is
there qoite as dear as it is in Massachusetts,
whose laws are quite IS stringent as cur own
Licking over the whole list of States, in which
freedom is said to prevail we have been led to
doubt # there is one amcrg them in which there
is auy less difficulty in obtaining money tn IN there
is among ourselves And uaul our correspondent
can show US some positive advantage that has
been Gained elsewhere he must excuse Us for eJ.
pressing the belief that the "halcyOn days of
freedom in currency would prove IS much
igaes fatui as have done those "hacyou lays
OF British free trade of which our moolshine
railroad protector discoursed so eloquentiy and
which sre now approaching their termination,
leaving Bis followers in the dtct be dug for rhen.
IS another ev deDce Of tle want o. accuracy
20 utual in free trade writer's. We noa beg t.
call the attention OF our readers 70 the following
passage from our correspondents letter:
Following up This calling IN OF ,us'se.~ THs Tsi7UNE
sss The &c" aLoEed when roiase asp o'ed OF a.
Acc0c!nr 20 tl's man holding ssma aous,se n zone
sod soid Ate piece Of nosrio scen-ry and So nns
~ A. ~ hFa cen
count would thus hid. 20 his 40 small smszenrnt ht b.
6sa s'tse.ted 'is.eoyIe 5ae a ~he' more 'ata nun
uortsase would b. fosthS'th 20 ID and r-osned We
viii, the lawyers say submit that ea'e without ,isu'
utrt
Ia reply TO all this we must beg to say that
we Protest against having words attributed t. Us
that We never wrote. in order that those words
and not our own, may be " conclusvely refated.
What We did say il as follows:
"Nom.u living VII verur, 70 thai the adoption Of any
quality Of money 20 be lrnf IN iaos o. th- fast
tst the best sscufed noigsgs. ae selling here atenor
ttu they would prefer call th-ir b. ne And To-
vest g 10 France tlisnd or Osfmsny where Il 80 com.
maud or.y o1f he per cent II hiteen per eea " not
induce them O. TT rena n Whist vii Are We TO eve Them
twenty-five thirty .rd for the privilege Of seepial
a'sw million. me H,ics eaid y whos vW r ne rris D.. aa
oge or M sIf- a"0rhf"g 70 P'o5a5s too hs'4'd
Wc now challenge our correspondent to find in
lhls lbt NpIUe NJ uhs P'Vles'oI ~ thotc VI mo
argument lie has protested to snswer-aud hay
ipg done so feel that We may cismss his present
article. an wait patiently until he shall under
tahe to furnish a refut.tion of our words, aud
not confre himself TO re'utng bis own.
Ia conclusion, We desire once more cordially
10 indorse the recommen alton of Governor Clark
on this subject, and TO express the hope that
the action Of the Legislature may be in accord
ance herewith