, 1866-01-17


Thinking It might possibly escape your no;
tice, I send you the financial article cut from
the Independent Of the 9Th inst. Its unblust1.
Ing impudence furnishes tho best argument
hare seen In tayor Of free 'trado In long time
When manufacturers can live like princes and
then declare 40 Per cent ~ dividends, con.
sumers will have something to say about It.
No evldenccs Of commercial distress" for.
soothl When have to pay SIS or $Go for q
suit OF clothes that cost SIS ten years aro.
souaebody's hnEt. I am good Yankee. but
can't stand that These people may yes mad
that the "hub Of the universe" Is much nearer
Chicago or St. 1suls Just now than Boston.
Tue DxckABER p1E1DE1ps.
Those who believe the present psosperous cohdi.
tion OF the country 10 be mere fiction and delusye
fhny e. up y spee,la'oss With the I'D of N in
1led by lho uniformly largo Aemi. al dIy1dsnds
3utt 1eslned by al our banking Institutions and
sv e1uansdnath large,th4i 1t might we'll be doubt.
"a whether they were the result of sonn and lepjt
isnaie ous1nesa uantae,:ona, II thcJ wefe not 20
Gencfal and 50 uniform, We auuof believe thst Iii
the b1nka, manufacturing companies, raIlr.NIa,
ssttaEsp9i1at1ah c2mpanles and oiher corporations
tnfonShont The Union have eumeined together to
GeA!t In TT Itptt=bau Ot thur prosperity
We know thaf Euch combination could not be
enettcd; Anu therefore We must believe that this
IL
mate result Of lrgl,mAte business, and should be
tceepseu a. indesting healthy condition OF Affairs
instead q esea1n9 fears @! IN impending .sraaeh
up" and great ovtfturninc Of commercial creiit.
Our bank mausgerr hive even re1Aop to be p1rter;v
tttkteu with tba e11ttiDc condition Of the cu1cnr1
,or they ncVs1 tetose paid snch dividends a. lucy
Nhieh never exceeded three per CENT semi.annnaI
dhiItrds IN the old .rpecie basis" tines, now
det Int dividends OF dvc and BIZ Per cent; sonn Of
he bsnke 80 up 10 eercn and even to twelve Per
cent seut -annnal Dividends. NOW In 4 cou1murify
llEe ouIt. @herc every bptfn Man must deal With
re neaks. the sandtio7 Of the,e Institutions a,ay
manufacturing astoctations Of New England. m
nnd IN he dsidsnds declared hy them at he end Of
suecria 0os Of these corporations, ,hc - A0dros-
rs5,s .ons PR csnt: The Sashu,," Wiz .he .ams
s6e ba!es shry ,he M Appleion efae ,aeny aasy;
I'VE; ,he '' 'Pache," capital Two millions and bat,
t@sn5fen5: ~ f. he "a
an ready 70 - e.eis1n i tbat a these .Slo.ted d.
snphalIissh" s y, a5e making themselves r1ch oy
nsnis se "a q Ill Psolee'qn ~ The e1psa:s of TIC
commercial disisetr Or nllurt smonc any other
c!.sees Of the community. Orr importing mer-
ehants ne.er bare done lreer Or mose profitable
steamboat lines md frcientius shIps e7cr becn
orc tthtsey emp1o} cd. The receipts Of gold 1t
of The 1ttakuy Department. Whit then arc thc
Feasons for desiring th1t currency .system which
y, psooneed sueh tssolt. should be ehinstd, The
uIIeDcy has 20 nfsfcd prices that people who i've
IN dxed tneo.nee, which we're nlcejy adtu,tsd 10
be old tpseie oasls orsler Of ,hiues ind Il dtfeuit
9 I've ~ fhey used TO do and make both cude mtet
Jp9us.tonanly thia t. true; but It IL hardly worth
5 nale TO e6eek the developing resources of the |
9untg. mrs',zs trade, and bring on commercial
en,entet q the fer mcn WIN live On nxed focomee.
sey mnst lea1n to adapt themselves 10 The changed
ould unquestionably have: he eject Of feduc1ne
r1ces; but WHO wlahes tor any reduction in ins
ne nee o. TIC commodity be has for sale, The Only
1nnlAte The supply Of 1t. md this cannot BE- done
Gripping commerce. Torroperly iucrcase prices
10 stimulate consumption. and not Is DE-
t. and Is ihe c Ghease a'en .peeo.sts1s ass shs1s
re been dong With taeir wheat In
;! our esnls tried TIC experiment OF checking
pvhcntion q Ian upon hen ioF speess; eue: and
. yeuy means .hey took for their security prp.
eed The eject they dreaded They had 10 slut up
Gsee; they predpitattd The majority Of their
se1ty; they nearly 1Rined themselve,, ana f pam.
led for time the Industry or the whole country.
pegalstison Of Ss% xosk qty diminished fall
. iunrme!able were occasioned, iii ovcr he
lion. But exitaSagance was checked pretty
sctpally, and many ifoa:snds e lanIlies That had
{ bones were made to practise the virtues Of q
h h, ths M er';,iue y state of e hing, nd
Il December reduced 10 nothing, Of
It doer to II, should b. al mcane urge The Irduc-
. o. the currency and the funding Of four hun.
reby be increased. The prices ofmuketlug be rs.
I'D and the difficulty OF procuring The where
hnl 10 40 cur marketing greatly added to; For