The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1857-11-27
THE NArIoNALc LcURRENcY.
~ SFrom the national Yasslussncsy.1

| =
~. IRON 'ne Saaons. ''''"ssasslI
.se.'y -
"'n y ~ s'"s" ".'-.I. - 49,
Iii a. ,.,.,,,.-s .,,,,.,.,. ,.,..,. ,;e.
-. .rsS-.,..- ,.......-..
49, ~ s,.."..,.. -. ..,.,,......;sI :.
49, -.,,." - -. - ..,.,,.- >" -.
~. .....a~ - A.. $3.50. ,.-..... n.
-" -. -. - s.,.;...s 80. .
,,a;o;.,,,v a.s,;,. .,.,.n.,, ~ ov, -,
on;n;on. ma, nth of -, h..a.. and wh;l.
.r;d AZ. a,,., a,,.,.,,, of ..r,,,r.n, -h,,h
n,sv,,,. rnon ,ho o,..ti.r. h, vo,id ,li h..
eoms ,~ 20 clair, n, our,sls.. an, .xsmn.
uon f,or, th.t f,l,,b;l;.v ~ ;n5.sm.n, 70
wb;eh Al, ~. l,.bls. and which !. i,,n,t,,t.d
nv nj, vs,v d,v.,s;tv va has. "a, n -,
4 ,h.. .e,., ,.,a;a .or.,d.,,,;on ~ n. ..h-
i ;s., w,,h ,..n.., 4, A.. ,.,;o,. .na oona;..
lt;ne .,g,,,.n,. n h.. .l,ri,.d- -. 40. M
cana. 70 mod,fv IN. .x,r.s.oo. A. wh;eh ~.
itsve .prevIousjv given ntferanee. Al the
: same time Wa are free 10 admit that while
the institution of an old.fa.bioned National
Bank. with sucb additional gunrds and ran.
trictiops as past experience NAV suggest
ssems to us the most natural. available. and
.nesdv remedv sor thu ev;,, from which Tho
national f;nance, ,r. now .usFerino. wa ara
vet mt .o weda.d to ON, on;n;on.. q, an
impracticable in our aim,. a. To w;,hbold nj,
concurrence from apv proposition which.
though Il does no, fully como IN TO our own
.tandard Of exred;encv. NAV nsve,,hsls..
seem n off.r ,nv r,tiona, n,or;.s of evan
partial relief to the country.
Ana 4, .o,r.., of ~. .r;,;, a.. az. =. =,
lens, worthy ~ r.,pec,ful con,ider,,ion. ,be
sobio;ned obssrv,,ion, addressed ,brouoh
~. oo,nmn. ~ Tho p,.,,n r,,n.,,;n, -
,ho s.o,.,.rv of tho T,o,snrr ,nd r,h;rh -.
understaoa to bs from Tho n.n Of Mr n III
tall an in,e,liyent c;,,sn Of Ro.ton Nat
desmino /, n.esssorv to ouo,e tho whole Iet
tar. of which we give tho most essential nor
, ,;on. wo ,n,v ,ota tho o,o,.;on q, .,v of ~.
n,onosit;on ,ba, ;,s oaon,;on wo,ld doub,.
iss. ;mnose somewbot of additional labor nm
on the Secretary of ,be Treasury. which.
boveve, we have eve,v reo.on to sunooss
would bo chsrfullv borne bv that officer #
oulv the welfare and accommodation of the
public were thereby promoted. And, to
break in some measure the force of this OBJ
lection. II might be found that the proposed
nl.n of relief would work eouallv wall with.
lout requiring the issue of any sub treasury
. drafts of 80 low a denomination as ia sur.
pested bv the writer. The enpraftment o,
. this feature upon the sub.treasurv would te
limited extent afford one Of the sdvanta
ees secured by a United state. Bank. tha
: Of furnishing q apaper currency of uniform
value throughout the whole country. w,
hope, however, this fact will not constitut,
a yerv formidable objection against II in III,
ewes of even such among our Democrat,
friends as NAV be tempted to condemn with
out hearing ANYTHING tbat promises in nm,
degree to initiate the beniicient working o
an Institution which has NO LONG seyered n,
the bupbenr OF American politics. But I,
the "remedy" in question:
"In seeking for cure [of a redundant pa
DER currepcyl we must take the patient as h,
ia. The people are accustomed to name
money. and bank notes can only be driver
out by something better. Mature abhors I,
vacum' IL ss trv .ths expulsivs power n
, nav efFsction, 4
sYou hare The ,emet,y at hand tis this.
.Wben anv navmsnt /. to he made bv III,
IJnitsd State. Let Il be dome. not bv a sno,,
a,of, on N. .uh..,s,.nrs, n, New yo,k .
Ro.,on q, Now O,lo.r. cr pb;,,ae,nh;o
hr, bv ,no,,, a,.f,. IN, s,,,I s,m. An,
Ia, ,bo drafts bs engraved and nrintsd diFs,
;, ,;,,. - .;,. "a .h.,. s.on, h.,L ,o,.,
These drafts will ba a. convenient a the M
e uer currency wa have been in The babit q
using. but. unlike that they viii, alwavs tru
,v ,anre.snt s,actlv 40 mucb cold l,ino rso
dv for ,hem n, Tho mint. a, slsewbe,e road
f., .xno,,o,;on a. wo,, a. 70, domo.,;
use
n "This paper currency the people will NO
carry TO the sub.treasury, or to the mint, fo
payment until they want gold. Much of
. will remain in circulation from hand to haut
!, And in the process of years it will alway
a adapt itself exactly to the demand for paps
!. money. and will never by depreciation driv
!, gold ont OF the country f44 r