Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-10-17
SATURDAY HOsEINe. OoT0BEE II, 1851
cuRRK CT

Thoss who advocate an exclusive specie cur
rea-y are freeaently met with the argument
that there is BOT enough gold ard silver il the
country 70 supply a sufficient currency. There
ia some 4 Ecaly IN determining what snount
Of currency this or any other country requires
Il is well kaown hat the greater increase Of
money The greater is the demand for il. il
calculates speculation and extTsyagsnce Of all
kinds Ia aish times, money becomes cheap
while propefty and all necessities Of life riss
in price. Thousands and millions OF dolia >
are ayisbed il the erection Of marble palaces
stately mansions, While an equal mount OF tie
precious meals are worked ~ into plate, Jew
elry ornaments, &c, &c. 1t cannot be said,
tber+fors. that an amount Of money sufheien.
% stimala.s TO s4ch extravaganza is al all ne
essay. Oa the contrary, it works evil an
oaiy ssil N every conceivable way lt engsn-
dess 2rlas, vanity and love Of display begeus
~islasss, stimulates vice and casts a mildew up
On = morals both of The people ana uhe eOuu-
Try. IL tnis v.eS Of the case, too much none
becomes a curse "a her than d blessing.
Bat 10 return 10 our original proposition witt
regard 70 he suh cheney o. gold and silver L
sapPiy the country with currency. The Phlia-
dsiVhia Moth .I@srlcsa has looked into the
oHeial hsures tor a series Of years, in order t.
sgpsoximss a safe opinion on the amount Of
CON now In The country. The result il Re
gardsd as very encouraging al the present
juno lurs. There has bern al enormous drain
Of specie te pay for foreign goods, bat great az
is he coinage has been greater. TINS paper
tsfes th5t there Is now ia The United States
[ lsas- $4,000, 900. When the TsyulsiOn o.
1887 occurred here we're not over sky OF
ssrsHty miIl oas Of coinage in the whole couI-
tn. and sboul ons-half Of it in the banks &c
mset liabilities reaching S340 COZ, 900. Croak-
eTs, who are 5ispossdt TO compare the two Pc
reds. ahd to md in sssm ike causes and COLI
sequences, vii do well - ponder upon the fac $
here presented. Tlsre are gold and silEei
enough 10 have a specie ourreacy, and w0y 10.
sd,ptft7 Nos Is a capital tine to do 50, ~
tbe Prees o. al kinds Of properly are eOnhz
down 70 hat bzsss.
It may be said hat the expansion Of con
nercs ana the growing wants of the coun y
dsmsnd an Iaeresse Of ejaculation We TsPy
that he mon by iHcFeas- FINISHED from the
miues 8 afcisnr to meet every healthy d
mald. Ths ssbsteufiGI inasresss OF the eoHl
ty can never slfr so long IS the miaes Of
California c u lnae to pOar th=Ir golden treas
a1es ~ D III surld. Speculative interests ne
be s.inte 0 some * ent aud IT svsgsuc
eurtsied, baf ,kis should BE- rsgeried ss 2
syaaptom Of h-ai b rather ban disease.
uii b. EN- from h statem-ts sb-v
Z a hs amount Of -P-eis nov IN the oouutra
J.. fur iass as n Oh as in 1887, and mail
20 z o .hz = ire amour. Of rag ere ilsuon ~
tai tinr. B SIDES. dIsPlsce al paper cur
rsuey, phicb hoE driv- specie GU Of the couH
t.y. and gold VIII sou in from abroad in ~
ehsg 2 for our produces, an ever demand fer
a circulating medium vii be met 80 loHg IS
our sell is productive and or people are q
dusrious.
In this connection, while on the subject Of
eurrsacs. We invite the especial attention o
ne reader TO an article which We publish this
moru6 2 from Hsafs MerohGAf's MagSs'Ec.
= Is instructive and viii richly repay PeTusa,.