, 1862-11-17

sense, we assume that he will not fail to
ctU upon that body to adopt such leg1sla-
tive measures as will force them to retire
t,ueir circulation under the compulsory
roYer Of 3 tax upon their notes.
Banking in this country, when Judged
ty the inte}ligence Of the people, has al
nays been an anomaly for which
neither statesmen nor dnanciers have been
able to account. That fifteen hundred
corporate Institutions product Of the
legislation Of tlirty-four States with dis
similar pursuits and should be
clothed with tue power of issuing bills Of |
credit" to pass as money; Of making money
plenty in June and searce in January, hence I
Of suddenly increasing, by currency e2- |
parsion tie nominal value Of al1 prop
erty, and suddenly, by currency con-
traction, reducing every mans nominal
wea1ih, is what none have been
asle to understand The Aoerl- |
cans, es o people, are proverbial1y greedy
cf gam. "AEake money! is the eleventh
commandment in the American Bible. In
all great enterprises they are shreWd.
They build railroads, steamships and
canals, and lay ont and build up great
cities, with tl: CELEBRITY that belongs to the
wonders Of magic. In their dealings With
Ire outside barbar1ans, they have never
heen Eus jsct to the charge Of Verdaney-
He is d smart man. who gets, Of q YAH
kre merchant or adventurcr, in any
txreien- mort, the whip hand
i'll 8 bargain. They accumvlate
ra1,iuly. take UNEQUAL chances where the
nro,nised eai5s arc l4rge. and spend as
freely Is princes Of tic blood. They kuow
lie difference pet~ces1 q gilt thing and a
r,1d thing. between q veneer and, Us JON
:,.han Slick le;h it. the "real 'logany."
JTher they ro c711 II, shear they ra-elv re-
turn emmy i:a,idcl Why such 3
ncor1e should be content with fam
c:a1 svs>,.m 1b.t Is the wonder Of the
world s,,l the everlasting rcDr3ach t.
.A,rc-is:,n common sense. none hare ever
found out Tic Americans arc careful &C.
couutauts, ,a1,; t;.rv urc cxactia their weights
a,:d measurements. EEt.v maoufaet1re
wpiohine a7naratus for half the world. and
The accuracy Of tic standards by which
sc.lers regulate the canacity OF tic nushel
ara oua1t measures, vou11 be no discredit
to the French institute. Why they should
Indulge in currency the. makes all book
kccplu- js:!1acious, aud, at times, Ill bal
anee-s!;ca,s SO many lies why they should
weigh aud measure the noney-vnlue
Of their properly hy instruments
t1,at arc E.reycr cllausinv-to-day
call1ng that dollar and u half which was
sold three months ago fer 8 dollar or]y-
not The s.narest If them can begin to eueas
Yet such arc The facls; and no lessons
which track the ruinous 7ariahleness Of tnt
money standards, no rcycrscs which shot
the folly Of giving IN the sovereign powe,
Of coininn money t. fifteen hundred souaa5
Of priyzte sprcula.ors each intent On
paivate gain; no crises which destroy iu :
wear the fruit Of q decade Of 1a5orious in
dustry; nnne Of the minor disadvantage:
which grew Out of slight depreciation O.
bills that are in had oaor or that hav'
straycd five bundrcd miles away from
home, or out Of tic practise OF the coun
terfeiter's art, have ret had the power to s.
disgust the people with their paper moac,
that they are willing to give it up.
The opportunity Is ut Inst offered, how
ever, bY which paper money may be re
tanned without the losses and disadran
*aees which attend, always have attende
and always will attcud the currency issue
by fifteen hunIred banks the Govern
uent is ut Inst. and, as things have gon
since banking became popular, not ule
ment too soon, the manufacturer and cua1
anteor oft own currency. 50 known in til
Language Of commerce: Compulsory :
fret i.s issucs are now t1,c 1cna] and q.
rerte}ae stsrs]a~d Of va1uc a11 ors
+bo conntrr and wh;1o natriot;s,
denands thnt tbbcv sbonid bar
r;do and General c,rcr7at;,, ba,,;na IL,
:, ;n+oro.t n.,;c1, .,,,o,,s n-it,, 49,, f,o,7
voice to cvery5otIy to put crc1ythiu
.r,,;,h 7n,no,,s ,,~ r'.t-,;ns t,,o ,;r,,1,,;o
- oet,,o ~ n,,.+o.-
.1e.hoaz . ;,,s, on, ,~o,or 5000 f,rh ~,
1,.,,lio ana nr;eate rood con 3,.r;se IN
[-a.a t,a.,,- ro,o, @,,,,; ha +a-oa ont
,;.ar1at;oa ,,- 1z.r 81 f;r.t ,,,,on +,,,.o
srs71 ,a.-at;an nn7 ell .e
- ~ T.,o-.,,,,;,,,;,. 1,ura ~ 49,
Aoe11 " OH N.'4'' A4'AA'1 s171'7' AA'5S "A3 s
TO the cEd that the people may have
ncanclA system That IS
l. As g'oa as tne GOVERNMENT i1Ssli
l.. 1hat permits no suouen eApans1'
OF contraction, hcnce 1hat gives no roo
se .os soe conA1'e-saaA fe'efses AA'7 '11oSe
Q. anu :''' ....
~ l nas sl,'s Lie eoun''s . s1le.1A-1
1neuiupt lo"s IKE golos l. os'apie LII
1uale " a'e nl'al,
~ = Aa". ''' sl.1 -. ~ oo' t. no1eo' IL
war aggalhss w; se2e'''oa' anu
'. 1nt1' W. ieAaaln 'aset the "'f
over anu no4Si We = 1'es 70 L n'eta
currency Il con'e':eS'ee anu posi-
b'css'ng 'h'1' n' one MILL u Wiling
give up. ......,
10 1f&E1e ssls'o " > 7's11a ''au ~ e''''
INTO ia" q t''ns51e4s 'i1a' 'lf.lo ta'e
vcrsal opp'ica''on' IN sp'se u = .',e cat'
of e7eculatore anu pahAersa VIII &c
k7l1fT 7 OF L0DETCSS aS Subu Us l. E41u