New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-17

PAYABLE In coin befor. the .u.psusou such the scarcity
Of these note, Notwithstanding the ;sae1
says such loans would be an exchange OF something
that valuable and will be paid tor promise. that wo.d oSt
he paid and that are consequently worthless They cannot
be had payable demand nosthefe being TOO lew OF heo
upon the market Upon both Of these points the Judgment
eles.1I language Whist Ia his alternative Iii. bin iOr back;
Ing Cover nsnt securities which IL to create denand
the bonds Of the smoun used for this pur-
pose. He would the Inauguration oil Ls system
By Moderate tar upon hank circulation But us aee
olutely set against sudden changea
The sdoption Of hi, system to be len entirely optional
with the bank, "Al chsnge," be says referring 20 .ne
Of the present banking system by ms own now
ever should be introduced with canton snd pro-
eeeded IA with careful reard to eyey affected interest ha,n
There need bs sudden CHANGE no huriu INT. ference
with existing interest SO carefully will ,he Secretary pro.
coed that 10 tells lie expects little aid rom MS so Tue
present year. not very much. perhaps dunhs hs next
No,hins then 10 be expected tue present. year su very
.y,,sm which 1. 70 purge the aId OF all financial pe.ti pee
lo entirely optional with the bans 10 say
they viii carry d. ubs capital without any ipcTeae OF pfSh"
whether they Will elect 10 Into hsn2rnpcy 10 in'
trss h grand project uniform aud stable currelsy We
do not ,Luk they will feel greatly slammed le Iropo~i no
coercion Comrisnce thl, year not expected Next there
may be- lite soening But there IL TO be nothing is %
lop-- Ia biz conduct lie gently a. any suchins
Bottom in the play could not DO more c0nde'se AID
gentie . T., A.. iii n.
suggested by which loan. could DO istd and pfop9un.sa
every ORC entirely improbable and utterly Unavailable Ny
vi d~esfi.; But the chef re ilnce aud tho ,afest
must b. Upon locus Nhout any issues OF Treasury notes
hsyOnd tic amount now y s'rU' t'itsih
loan. for the whole smoun required for the current year 9
wit S2i6 u0u00l be readily obtained al TAR Ise,'.
s,h il The reasoang and such the conclusions Of tue e1
a.ed head Of Tho Department Of the Ifessuy we arr
OBLIGED TO pass many oi the collateral arguments th
hurrod him irTo.sbly on. ORe however No VIII Disuy
refer to -,
Mr. Ch.es cardinal assumption Ia the discussion thst ITO
currency Issued W banks oaus made 70 them ~ the pnp
H. n person goe, bank IN New-Nofk and comes out
with 90 It's bills ia bic pocket these ae evidence 'at
e bss loaned the bak equal amount for which loan VIC
sou e u.onser pays not cent OF Interest. Inc Setr
sry moved this injustice and burns 70 transfer sneh ben
e6t ma Ito inaies been recipients OF 70 Tue
tender mother that watches aud protects as tbp
90 IL the these unIequod iayosi tloiVO wv ana
In tie end much more the tos eminent 10 10 TeaIo rom i
Cases Grand patriotic scheme.
There arc other arguiuc tguly perth eni and convincing
but tii. sample must suffice ~ All. -, -
But after all tia folly snc corlsdictiou boih pr Nhhte
and he iublic exactly the same thlnB' MI haie
d.on..rsfe. the utter impOssby OF rsing money IN any
Other mcfc than through the fundamentally 81 oeH AM
nos, t is tor this precise that be condemns tho
.re No naf-fs lin self that IN this way lie vi escape al
% aud responsibility. and that his record VIII 10 clesn
while Le viii TO sbundAuy supplied with money py tho
v.r means he tepfobs,s Bot be committed tie bundef
common to all who play part. His Mhce 10 too ps'psoe
L. H. tlre ady seen through aud ihins soeoibef poo
ALE tbs, tie Con 81 Was aud Means nGy tAte hin
a, Lis word and allow him to Tse money by loans when h
s.ys ran 80 readily he done We Pc however they wiz
uo let the jote 60 fAI prove Jaou. 10 tee puoso
ntoIe..