New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-07-14


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SBrspLAsrERs AND SPEcT IN rHE CTY.-Ho
who has no specie is poor; he who has nothing bat
shopIasters is poorer. No matter how hot the st-
ino,phere. he must walk in the burning sun because
the omnibus conductor Will not change bill without
the usual discount. lie may be parehed with thirst,
but he cannot purchase glass of soda-water because
lie lacks the change. He is willing to pay twice the
usual cost of newspaper, but he cannot afford 70
pay q shilling for such a luxury. His boots are
rusty, aud the bootblsck needs the fee, but the
former must remain unpublished and the latter unied
because there s q scarcity Of change. In this city
thousands and tens of thousands OF persons during
the rast week have been compelled to walk to and
from their place, Of business who would gladly have
patrouizei coach. They have suffered hunger and
hrst they have submitted 10 various inconvenience
and sunuyances because they we're too poor or too
prudent TO pay the ruinous rates OF discount de-
mauded by the brokers aud bankers.
Spectators seize the opportunity presented for the
qualification Of their avarice and in the face Of the
penalty Of 81 900 fDe are flooding the city with
shnplasters Not Ices than iity varieties Of shin
plasters are already in circulation, aod IN some in
stances men whose credit is below par are scattering
their promises TO pay ar though they were Ro:hs-
childses aud Astors. The saoon-heeper, the cigar
dealer. the barber have become bankers, and issue
then no.es with ss much assurance as though they
lad the sanction Of authority, while the greedy
corporstions aud speculators who have got up this
temporary panic are boarding every shilling within
their grasp. For long time our city railroad conlpa-
MES and ferry corporations have been sweeping the
small change into their Treasury. They have
refused 10 receive good current bills aud Urea
ery notes without discount. In this way the panic
originated, and in this way 1t is perpeiuaied.
Day after day, aud week after week, these
moroposts of specie have been cleaning from
their customers all the change they could, and
selling it for premium to the brokers. On Saturday
the Treasurer of one Of the city R,i!road Companies
received about one hundred dollars premium on the
silver taken in that day. Many ether Companies anu
Corporations did a heavier business, and now they
are beginning to reap the reward OF their a'arice,
for muiiitudee of persons had rather walk than submit
to such arbitrary and unjust taxation Tie Banks re-
fuse TO redeem one two and three dollar unless
presented ia quantities.. They therefore are boundin
equity to assist in providing change for the com-
munity. IL has been suggested that they isue silver
counters 800 fine, Of the denomination Of 1--WE, ten
and twenty cents If 800 is considered too fine let
the standard 70 80 or sufficiently low TO prevent lis
purchase for export or melting. The Banks will be
obliged 10 redeem the counters ultimately, and the
counters will possess absolute infringe value. The
Canadians did this to relieve themselves from hnau-
cal embarrassment few years ago, and The DanA OF
England did the same thing dariOg the NapoIeonic
wars.