, 1866-06-15
FROM ITALY.
Our Florence Letter.
A Financial Embarrnssment-ScAF

w.
,.,...oa,,.s,,o -, a.. rr,,.,oo n>-4sna,
correspondence Q. 'ue en'eSso 4t,nuns,d ~ od
-...... FIonzsc., Nay %. 1865.
We are in smal! money trioniatton, which
Is creating good deal Of dlscontcnt. When
lpanl tender-nearly a month aeo-no AIDE,
n,ssts r,-nv;s,on ho;i been Tn.dc - srah,a 80
aua,e pso'Iston nau oeen usus N,.s ~ sl1ao'e 'oe
bank TO supply tne people Win money.
Hitherto NC have always had d hard mouey
circulation-I do not think our case is much
Of an argument in favor of the system-and
there were no notes of less value than trenty
ifancs-Iouf aoi'a5s-ana out 1em notes o.
any denomination circulated. One might
handle In business hundred thousand dol
,ots In n vear. and searcelv see a hank note.
~. N..a1aons ana Tors1ro. wero ~. Nv.
rencr n ~ ~ hustnaes 1 az J.Ilve, and ~ cennar r
served for the exchanges Of the
poorer classes, The bank had not
ton 4ho7,eapa+h r,rt If Ma ,otos
reonired ~ hnsincs. and none small ennnTh
M cnre. ,,,v ~ tha 49, ~ Iin1sr ~ 10 -
iamiiv live exnenses @ h aVersre fanilies. y When nh ihe
!, ea .,r,,o1i. ~. % o " III a1
III ;. ~ ,,.1,1 ~ o;ra1ra,nt.a " u
~ T.ae5,,-n n,.5 honk n1,'is oeaa. ,- ~
cup XXI ~ raso ~ ~ onca - ~ 80 NV ta1
-. .an,5. +1,o sn.n nc+a. foi1,wod - a..,-, ~.
pIs S ~. hape go rv er, tns s,han.
"Snsy W. ..t,,, u,.,o,+ ,,.n. e .t.ua T..
av tu. ~ sa.t;n1 - Ms.,n1 no to1 s1sss
WY ~ sstainE y. Va nasms 7, nsL sooe ealouea
~ H. - ,S... nnom .y Iva nvn - uohs 1onset
nse tnsuts ~ tauS nv.sa sa, ~
note ,, ana sn W isnSS = N s'i' - ine ase iraucs
;n III oi,yer us Iesa'uuu n o1 f;3. % s.nae oa u. -
sPs'a1 'asoa - zs,S nE9 4aanJ ALL i1o, s'aayA.
uon. AlMeu . VIII 3y my I'VE % %-h"enty.faas
notes went 70 me 9aak. lneee 1onna
c1oHo Eagerly oeYoofln& uotlce
poetea " tns uool, Aauo tnat tns
oauA "oatu Pn5 cotPSat ", ~ tuey sface!ul-
y put y, ofonze," iof twenty 1fanc notes,
PfoFloed, however, tnAs only one note can
ee eaahed tor eacn person. Neus taere was
moneJ-oronse money-money taat you can
MAKE change "ltn-mooey lnat "lI 80. buI
now 70 getN tnele s,s, Me a. is .GasL nTe 81 nun IN
dkeo lungry'lookng 1eHo"6 "aumE Tor tne
soldiers would put US in line and each man
must take bis turn. as the bank only dis
burses two hours eaeh day. saw At glance
that must last another day. But I resolved
TO make; sure Ct my twenty francs n cop
pers, and accordingly alred s&out fellow to
20 there At eight =, NJ, walt until ten q m.
and then get 70 Inc counter as aoon % posi-
BILE. He performed the ceremony With mi.
racu1ous celerity. and at @noon had my
pockets fuH Of TWO cent pieces, which had
cost premium Of ten per cent.
NOW, IN country "lere Psop!e live nom
hand to mouth, eHch family buying Tor each
day, such . stats Of things as this involves an
tncouceiyable amount OF small lHitatfona.
and provokes good deal Of swearing. onf-
bali OF which, at least, 1s prufane. The bung]c
the Government makes Of It Is new evidence
OF the financial Ignorance which prevails IN
the Treasury Department. Professor Sclaloza
can lecture admirably On the philosophy of
exchanged, is ea1t to be very pleasant GEL.
tleman every way, and I suppose would be
very angry il anybody dlscre dlted his financial
ability In his presence; but since the world
began there has been no such money blunder
as that BY which be deprived twenty millions
Of Italians Lf q circulating medium, and put
copper at premium over bank notes. We
are promised ten franc notes, and are further
promised unlimited copper On them. In fact
lhcse notes are snid to be u circulation, bat
n9nv4y Gu hnu .1 shsm* venture tnat tneY
VIII pe aL tie1luA hslote lucy feaca tae
People. Ine pauk men ao not seem 10 know
nov nasu lnuaEy n1Sy tue Rsop's uesu, ano an
nlaia tney W. Iot nna 9ut untll seslous
IUuo's eoaT ~ ~ Eeus1a. uies21aeat. H III
~ 1aa. o.r.. ~ ~ .he eoh!s3 slee'
sna .ne i nout1I haiiara ~ thot 5uE ~ " golys
u n- W Tha naA tr,ti' = that on.";9y .as ~
na' an ...,sa,.'n. .rh,s !. ~ y. a.a.f stE M
p,.,ea,. - ~ !. 10 auo - oo.u
~ A .hat ~ s pa.;a IN - n".un. 1usse
apto a. ~ arb. nnu hoon Wse psaSs s taGsas
saon.u s.%a Erorv one yesns Tar te;sassa sI IL
~ jrov,ts sh,anese ~ .ar and 10 i-,r.tisst ~
ths e ionst mi hcfnre No sto-,n % A ~
III H.1E II in a so1neS1nt eraharra stgnc nozs:
+,a,, ~ r. thc nctnaI cofnmenccmrrt 6f hna.