New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-23

% failure Of the former is the cessation o. e.
changer h 10 tsntsmount to tremendous ooasm over
vhish sebisg can leap, 30 that every aIuole ana ms
teJfsl 10 Obliged to etay s own sioe OF tne osnk
rhs grain sill stays in The West; !" mere are no
hsiehts 10 be carried on any terms, ana .ns Soss
aSs ing more than mile OF ide
q te ausys of 81 Louis" Bot IN the midst OF This
awful ssIdshll the American mId continues cool,
cad potiiny osturbe its selt-possession ms wnoie
sGair II taken ss ncotveniepce-a very great IN.
sssv. nstce, like ihe loss Of your Out no.
unce or protest" the railway concludes 10 p9ss It's divi
a4nds5-i e. lot to pay the shareholders fsrthing.
The " policy Of Suspension Ia declared through
oct the Upion.
Ttp coo ness II, when examine H. the result Of
eopstsrt atmosphere Of rick Ia watch the Amsrican
brakeman even IN quiet times, lives: HIS ofansy
system pitched TO higher )int 10 the scale OF Use
tSsn that OF the European is. This is one OF the re-
marx able disclosures which the present. p9ni MSS
resulted; it has brought this fact-famiiAr eeOuga 20
tie world Of trade AID the weilIniornieu "oii.
prom Ltpty forward and pu. It before the eye OF the
Whole public; 30 that perhaps tos commercial crhs,
heavy is is not 60 important 70 the spoctso: Ga
ns own account account OF the 0romsry stis o.
things which it hes brought to light. Ihe unc lnIone1
issue Of local paper money 10 the United safes mas
civ, 10 The whole medium Of ex ,hai &c The same M
certainty which corrupt coinsge gave 70 ths Ed
sells an article in a shop literally does not know wha,
the thing called money which he receives, 10 eX,
Change for Il is worth. a bit of paper IL handed
to hun, he looks at IT, II Is note Issued oy tle Ia.
over holds it TO the light, and, with the sgnlh can't
qus,tion You have nothing else p goei 10 mis- De-
IsetOr"-a book which, as our correspondent Gays,
u itself q comment On the whole system 10 $40
he find thug about his rev acqu antshce Ia sIe
If that IndeI erDsrg0toriOus, thet black list " OF
broken banks, suepeIslons ana known counteflein,
does not iDclude the offered note he accepts IT, oas
still reuetaptly and suspclOusJ. Every thopkeeper
in the Union is thoroughly familiar with tins procsss
he repeats il many times every day.
The uncontrolled issue of paper money is the cause
OF this. The Federal Government, while 1t reservesto
ie the privilege OF coming, practically leaves every
ate If the Union to sp7per coinage OF IT'S OTn the
consequences 1f viii IN loerty is the greatest dlsf-
ence of value between the notes OF different Saves
Aud When there is diff.reLce Of value there IL also
what the wost part of its great uneerts nty as 10
phat that difference is; go that 10 fact, nobody 10
America exactly knows, when he ia pae for anythiog
what and how much is paid him. A hVe.P pound note
five pound note 10 this county, every body knows
what it is but five pound note IN America Is not
fvetouLd nole-i. e., not absolutely Que, but vito
qualihe atiot-ii is n" L)ais sea- or South Caro-
haa" or An Ohio" or q Missouri" or " hsl0e
or an Alabama fve-pound tote. The paper cola
Of The Offer.It SoyeTeigntigs has ali ITS different
value and its varying value
Ard, If Tor the express purpose OF increasing Tue
ubee TfaiLty in The value OF nOles the rivalry Of the
different States comes in 10 make tous aud aroi-
hsTy difference. when there is more on resliy
COMMERCIAL grounds. Inc shops anu hotels OF 81.
Iouis rejected the notes Of Illinois, drivers
ard omnibus men would not touch them at the LATE
State cattle fsr-wbyi The NOES were based on the
and the Missouri stock every bit as good as ld-
pois stock. The reason was simple State rivalry
There was bad feeling between the two states. Tne
consequence that nobody 10 Illinois would pay the
compliment 10 Missouri which IL implied in that trust
In HisOuran stock, which trust in Miss0urlan stock
kimpied in taking Mssourian notes. Or, what Is the
came thir e. every oody in Illinois thought that every
BODY Sc would look at Miss ourisn notes 10 this light
ard therefore nobody would inoommode hlm:elf by
takirR what he thought bis neighbos would not
seknowledge. general idea ia the same as realty
Nov Ia this state Of things, of course, the monopo
hst companies take the Law into their own hand, ana
reject every thing but bullion. They do this, because
they can DO it-becsuse they can compel pubic, un
Able TO do without them to submit to their terms
tboueh this lie sometimes tried without success, aud the
Mississippi Steam Company, after its announcement
that it would only take currency, obtained no carg
bat the csimis successful in some csses. First OF all
Ne Federal Government insists upon Specie, aud VIII
nos touch single note OF any bank in the United
States. This t1cItss the WRATH OF tne hign soalea
American fnancier, who looks upon this Government
rule a. an unfair pohcy-the view that school.
boy would take of extreme and ungenerou pressure OF
Tie rules OF The game. Tnis government Claim, whicn
simply amounts to clam for the exact sum and no
NOR. or lets Whist is owing to It, ID stgGauzed "a
the e1cess VI pieism Th. popular feeling in America
goes with the paper circulation and Jeaoaely watches
al attempts to bring il into difficulties or TO charge IL
With its extreme responsibilities 1t has bred Bet OF
ce nvs niiona rules sort Of code Of honor in connec-
tics with the paper system II these rules OF the game
violated, the sneak and bastard who wants 70 nave
money for bis notes is rightly served our. Inc
"Astorter," which is the name OF person VINO COL
lecs in one State the notes of another State aud sends
hack these travellers that have wandered to distance
from their responsible sourcehome agsn-the aseort-
or" 10 regarded in America rather as godsweaer
would be here He is looked up IN as playing unfair
tricks with he circulating medium An sgent With car
net full OF these exles found his arrival an indg
nsnt crowd, summoned by q hostile telegraph await
Ing bi and very wisely returned with his carpet Dag
unopened and his person nottarre aud feathefeo
% Il would certainly have been ha5 he attempted VISIT
ss the bank When once a note has gone abroad II 10
sop,id.rea at exile for ife-not unhappy, but
Hhsstul emigrant into q region Of perpetual freedom
md ioy-the negative paradise OF the bank note
n stste of trsnsoendent ennhilstontotal disconnec-
don with payment. The American Bank, on dismiss
as its ID pote sends away with the paterns bless
ine Of the Welsh father" My lad, never let me see
your face az but does not accompaoy its blessing
With the traditional half crown which is popularity ap-
pended 20 the Welsh one.
IL Ia easy 10 zee how such a circulating medium
pust affect trade. Government and the great monoP.
slsts can insure specie, but the ordinary trsdesns
depends on . auctuatirg, slippery medium, OF whioa
hepevsr know the exact vaue, even when suosan-
tislly safs and which he s is safe. How 10
trsdtsmsn to regulate his profits under such crcam-
stArcesf The whole Is . risk from beginning 70 end.
And this atmosphere Of risk Is the regular atmosphere
q tho American trsdeeman. No wonder that with
such an education he takes the commissions Of bic
money market cooly.
rnTN a nN DDIrNAT