, 1861-06-08
"Specle'' and spar Funds.u
1df4x,s.

I certainly do not Wtehto draw your Commercial
Editor into q discussion, for OF ll men living,
have greatest ayersion TO controversy, and get /
view ofyouF, or his, bFiei remarks yesterday, ao-
companying IN article Of mine headed Is above,
Ny objection was not to selling, wheat for In
any one OF the numerous grades Of "stnrnp tsil,
or even II ysu please, for sewing machines, and
quoting accordingly; but to confounding ideas By
4 saeWg thst tna tie sesessa Tssa II
misuse Of the words "par," would hereafter be,
as II Y has already been, loss to The community.
word, now Angltcised, and means precisely what
our English word equ4l" means. Equal Whist!
Why, e commercial transactions. equal to tho
AID what STANDARD l. tbats Why, neither h1sa, more
nor less than gold or silver, in any Legitimate
money market M On ti1s face Of the earth: But is
to e. ses aaas & Rf s5s esss sA eaotsa s 4
Rar, really <qaal togo1d aid silver e this market;
chancea stray note payable here, Of some Chicago
1ndiana bank note, payable II Indianapolis, Is
On eeatss ana sas ay s Rs
long Is words retain and arc used II thafr pro proper
hs coe nose ana 1e{u1n pfo
ceeds IN specie to the ownerin Chicago.
In ne very Estnrs Of things theze cannot be two
comes to he 50 regarded, tho other instantly be-
comes something elte, and either rises to a pre-
mium or sinks to a discount, as the case may be,
ana 60 The question returns npon ns--which Is
better, that, tn common with al the balance Of
the commercial world-whether wholly or only
semtcixiized-'se make specde our standard, and
ttuthfal!y call It, and It only par, or that making
some Inferior medium par, we shall untruthfully
ssy that re hare at length reached specie stand
1rd In Ch1cagof
What Is desired, is not to Danish bank notes
which command the specie at home on sight, but,
inasmuch az It tosts something, no matter how
little, to collect these notee, to uniformly measure
az values whatever, whether Of bank notes or
namely: specie. And. this, the permanent
safety Of the community imperaftyely requires. Un-
1cr one pretext OF another USUALLY 81 scarcity Of
rpgsle'o the community IL to be contiu-
Gan5ys,,. GGany goaaaed Into The adoption Of soma
slightly from the true-tay ito 1per cont Is va
were yesterday informed In he Tribune. Nart
MONTH OF next year, It may be or per cent. and
then 70, and 20, when the fasehood again expIodes
There is really but one safe rule, and that Il to
Fell your commodity for dollars. fand dollars an
made only or gold Or eiver) and Saddle the expensa
~ converting 9ts paper currency, upon the pur-
enaseF ena e. & n9 this steadily uniformly 1nexbiy,
thing else than money that u money
any other rule Is only cheat, a de1usipu Enare.
Amu enos eooner or later In wide epfead dfsnster
Ihsa En- let oqr commercial editors, II they have
Of conrse they have, ''cali things b. their rlsht
names Let them call and persist In calling speefe.
per- IN sp1te Of all persuastyes to contrary cdursc
Win which they may be piled By intc1ested par.
tlee and let them quote exchange and al sorts Of
specie and they will surely promote The Interest
aud ear1l the gratitude Of q long euficr;nU nnd
greatly abused people. Il.