The New York herald., 1860-12-01

-,h which 70 purhsse, w' q ccur-s "ay, ana csn cs
u buy ., rsie ~ pr'oe propcrsi,oseiy rsdsoeA
staia resesi, The uss tais Ga the labor ~ tne
u.'ry snd Tie proourss % this aDor bvBc the tres
"a 49, ~ wi y nci &ry presperty Depressed pcantAsg
c a'se moes Sohos In ral,o win the dsDrssaas
IN. re s stun .notbes cause dsducse, II ,rue, rr,n
thoes sresoy given bat xhch sstee,. scrsny OF esu
= -, =. ~ "essnoe TO the aA's Code, s.otmn s.
WI os seeb inst eAcn and every bank In "a. State 4 ~
S,vd H. kesp On hand sunouus of :, ..rs sc 49,, !.
.s 'n,u =, we nsn 'es further PROVIDED
INrion, Tor forty dayr The ali ts sbal cs 40
rnsh proport 10 r,storsd. Tn Bank OF gcunssss 80
,hs Unon Planters bslks bad the lst Inssn, \.
round plumbers, tso m,il,ops OF specie fonda And a.
iabtee in deposits and c,ycu alton v,rs 49,
lied ,ncreas4d stoo, had the county bsrp q
oopot,oD 10 rn@tve II, az one million nf dolays IA
suppose dve hundred lhou'sn dollars o deposits aA1
ciTcus,on returned 70 TIE bankf fns sp-cs an
specie funds Then the barhe woud hold and hsx
u,ope specie and iunds, AID their llaoilsss
In circulation ara deposits by law, soud uacs-rsvty
bave TO rtduded 10 four A0d half millions. ~
every uolsr bus returned TO the bank for rdempssoa.
the c,mpe led 10 order 70 keep In line, "
oollect three dolasr from 'ts sred'sots.
s further aoAyss will show an Aher fact that ths
people ,ndeb1d 70 these banks on oiis sn1 ,tfa
han ten mlllous OF do,lsrs, while tne hAnn
are only indebted 70 she people 10 the shape n
dey-s,ts AND bank po,ee, something over four ~.
liens of dotIp, showing balance OF iadeo,e1-
In iavor OF TIE tanss Of more than tive
o ont. This fsct In made p'empent In order ~ shss
the hocerr of the nct.s ~ III Banks that thsy cAaud
ehoco rot susr suy ces upoU tnsu, aay event.
IA
h~,r po,es 70 raym~rt u dents duo them
The shove ue1ts put you IN lo~seseiou Of all the
ants q which an eoepizsni .na your own joasmeus
VIII lead yon 20 co0oiude whether the Banks i've
brpueb the existing MONETARY storm.
row come 10 copsioer the remeoy for tie evAa
vhsh have her previously rsterrel %. II cannot
+. aen,ed that The disturbing oaases, ~hs,nes
rightly wrongly, fhavc destroyed public coaA
otrce, and Us drivirg home The notes DOT oay or
DaI rs put the Banss of all the otaer States for re-
denp,tS The rte srIt mort of the chief enpcrums Il
trsae has been bank eosp-ueion Again, let II Do
msncered tbst every dollar Of specie tund taken freH
make II necssary uaoer OoY la for the bsnk
u COZ it circulation three dusre tnus absr Boti1e
from the circuatirg medium, slreaoy too sna Al .
vu,unus r,tsn sbcD n pe,sss ed ia, must iDevilssly
result IN the total hausTupscy 81 The couuty.
u there any me,ror then, by which snts great evn
he tv.reGS nave confcered the subject IN every
point of that my uino IA capable OF prneaA
iEg H. aud 90 not uesise 70 give IL IA opnon tnAs
the only remedy s 20 be- found 10 tho immedsse but
temporary suspension specie pAj meats on toe part q
csDss.
II ,ney suspend all they do ,s to contrass
thsu circulation until every note they have cut is
deemed ana order 10 60 this they must, In ss.-de
fense cease al oissouD ts IA sti wuvre 40
telfo.a To the aeaoy ofts-sten pecnDisry coud"n u
the coFp,ry by collecting IN the ten mlloss d indebted
toem from toe Ieoole, liz the country In
nditon "a etI,d such pressuref Woo Will ne oene-
GI..d hu III fw ho, tsppeupg theis
ir,upee ~ nou-y, viii oe eDsoed " purchase the pre-
pery oi Their nefbbos. ., fourth s real v.ues H.
however. tine backs sod tempo Ny and with I0s
bono fac intent ana pus ose Of relieving The country the
socd lrsy do Is ircAlrul.be
The c<tsa ,tonsr sd sae for his cotton, e bGvss
can III t1it. csfo, rercaaS< he hdr~S
t,ns o. Snd h,s fmeso~ rrarsa sa9 Aak
Q,.1 Sina hsh fss vede<,n ne isusSd
hrs The original paTchaIe rne pauyrr ~th ais local
oorfeIry ihus obiaIe, can pay his merchant Tor ssp
Ilss, mecnanic for tne Inn elements OF anor manu-.
inomra - him, and tnese 10 their turn cso mssa
their hoebteone@s. che thing viii oman With
reference 20 tobacco, corr snd all the other stspca
of toe country. THIS. too, will euahls the banks "
extsrd the len mi'as OF indeo3dness, hanging ike
IN incuous uou tbe peopie OF the state, cnd In 80
Dong benefit themselves a. wei as the peope BY
of
creditors ~oud be unable pay, who, II allowed Il
ard easy pstnlnen,s could readily heie liabilities
inns 10 rrfult two fold bepsat-the banss getting
their money wbrh tney would 9TH wire lsse and the
peope the lef which the, much necd The reedy,
~ ny hun bs Jucsnens would De ,mmediae, and would
reach every class q society and every puoc eptepss
IN the Sirte.
No op ,oreo rank ,i.person, in ordinary
tfcep ihaD myself, bat eStrsord sry eTeresuCss
nuirc e1,raord mary rsrcdes rns suspension 4 writ
al bahtas pus, and oscisra,n law,
nos rssortd 20 In times Of ~ and revosson In
governments Ttorc Is chs and ltion
The wuneiary world snn SEEMS that remedies of
psn y and extraordinary Inaractr a-~ perenptoriiy
den anded The remedy must ba fetdy or ihe evil 70
pc nFoiceo VIII have oseD corr mated IL u we're
Otherwise, would sorgert lhas tho Whole russi DO
rtssrreo TO ihe Lssrature for IL ngtgn. tut Inpeat
there il ne IA Val, FOR this 1e na1zs ol ot.er
Sa'of are rctng and relieving -htr cstfnens. Wy
should bar kss lHten 70 taa LpD< - u a
xes~ed and amfft naGkrupt c,ualgy, I'D app,y me
Ifueuy2 ,rIAt that tbey vii have tie paIrotism
Themselves above their noaeS bags act for the peo
lie Ia there gioomy oeys Il poh.icai and pecuassy
BY law, Ia oi tLspc1sion on whal this
onpaTtd with the great good they 40, the great ava
hy avert, ard they doubt that tte of tee
Lgs auJe, frtFb from the sople, f,y u
easily or ths caulfc Of acton, tho relief
10 resulting ofn II, ~culd hesitate release penL.
tear
60 recapituiateFirst propose a Temporary suspss.
ty0r.
scsondiyThe bsrks % suspendinK act for the re-
ef q the couptry, by pursurg lne OF ber but prs
ent, ctsCount< and Telc~als.
niro-To check a. naxnrm rate OF oas half Of sxs
rer cent
Tour,h-To rurnsh IN exchange for tboir notes snau
sGIf OF com s1oisnt for she ordinary oi
nuny.
Ffh-A resurp piion ~ sho causes operating
10 relder lheI temporary sspcnson neoosIaFy sre re-
moved.
Tree views arc giveD, Evntlemcn, with much din
denoc, tnoWffg - do shss cssiog persous
fuiy acquainted vita tbe ahannes ana the
ma.4iy coa0 nos, boxoylr, hesitate 10 respond 70
our corrrDication, ard "A % ooiDg as1mo my fun
share Of responsibility " bring about tho results above
inoirakd
lave tic hoeor to DC, very rorpecslully, your sbe-
aisni servant, &c, Wa A. QUARLEs.