The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-02-09


-
it.-.+..c... NJ
oFtI.a Cs.,,l, - ~ ol'11.ea. "a - 81. ~
9 an f,,rtotio. -, ii, ovo,ra he'd
- H., rDrcr ov
- ''.r,.t,f 10 Snntber
IL, 81. 80 80 81 .
- y:ieI,. - rho Sooro,ar Of -,
-rra',..,rI. - ,,,,jorast,,atad ,l, -
Trn;toS ST. L,n4s Ma oLrnaJ ard tio
;,stl,5 ~ 500 00n 06G oo+ - ~ e50o
00O 400 IF or. ,,,t;d,I yoor,rit;og are 80 baid
s. jor,, o. ,boso 80; Lelo,y ~ ,brnad
,b. ,y7,I I -, - 49, 90 T. nov. stocI.,
likely to be returned for realization at any
moment. Is II not, however, source OF
mur.3Acauoa that Aassachoaetts I'VE er cent.
stock bripgs more IN London than United
States skies ? Or the Virginia five Fer cents.
2''hg oA'y twenty ii't per cent. Ie-S | are
| 50, Turkish (yS), Brazilian (yJ)7 end even
hoorish (93) stocks shall be quoted much
| higher than the best United States stocks ?
Inc problem OF how much currency or
| circulating medium any country requires for
| The breftLt,,I ;ra,,s5ct;1p of It's bu.iras. -
| " ~
| cue having SC many points disturbance that
| its actual solution j. .rG Of some iIthcuity
| rl 20 IL -, .:..,l,,,,-
| Of the whole country IN January, 1867, was
sl9t'tV0'oG0' ana OF TINS 4o'oyo'VOo Delo"s-
SN - '--S .20uINetH '2''.1' nc '''.'A ii'''i1
amount OF o~HA circ'5ia.Ia 9I az go, go previous
'ime mas gone Deyoha 9-lf;t ~, 90, ana me
| elFeui"toh Ia looV was 9-V';0o-'VV0' ana
'H'' was q year o' IS Iarse P'ouuc'ioH anu ol
- ul"cn ssHeI"' PF0NP1"'y - any perhaps
| 10 our A's,of!' 10 'he amount o' PaPeF
theIe h"st oe ''".eu S.iIa,' 'iiio ""' VI 'Pec'o
IN oaily circulation. "!'h ""'' PropFIsy
can 1t Dc cis'i'e4 .nAI Iu' u business u 'Ne
country requires 'he 'as' 70 uliie VI PSP'r
currency whl'n 70" lhu"ua'es the Iaho =
Let US look ~ IL.
PAPER CURRENCY NOW IN cIRcsLArIox. DE>
CAMsEg /, 1866.
Notes OF State Banks sss.7s50.s o.
Notes Of State Bank converted, out
stsn4ns 70 70
Fr1eiiona currency 49,, Is 525240 IS
Circulation issued to National banks. 2s26'l'o5 o.
255aII q
To tho circnIatjo, already mentioned II
+, fair 10 aId the most considerable part Of
the f,r.a,gir,, i-sus.
liaI5 c.rjas.fss sr,ess3ao
COMPOUND tuatss..........-.. IA r+o
spegi- m "staA- eLs''s on M F'siae.,. Z'''''''
- STATE ..."..... 100000 !
CoPI AMI Iuials-l....-.....-.. Soo3o9c
--------
This added TO the first series Of items, /
makes the whole OF our present currency /
81 5.-so.JJ l.J5. CT IN round numbers nearly /
$1,000 100000. 10 DO actually less business
taau we we're dong SIX years ago, when We
did mo- have oos require oHe-toEuH OF the
sum. b@E'Hi doubt the trade and com,
'ncree 9l br.ai Bs.t a ; as by exceeds ina IL.
oar o"n OF any other h-iI,n- Is exports
IN 1874 were 8 30 GJJ,yyJ. and yet they
find %le5.9J5g.p Oi ptge. money equal to
all .ae-- ordinary demands How Is II that
1t can be pEetenoe. t1at "1-r.4-'rs 81 much
mofeF 1t Is an apsliaI'j - suppose shat
we rec llEe AFe times IS -HH.- paper money
as Great bilJl"h 10 10 less !asa -.a-i a. much
business.
i member u. t'2i.i-''-E. recently declared
tHal II required no more currency ta do the
oas-aess s' HFe-t bi-t4lH no" sA-u 10 lii
twenty years 20, "HeA tn- business was ONLY
ha.I as large mere VIII De found IN one @!
th par.iana aatHry reports OF d t-vii p.
1907 the testimony gwen By Fir. slater, d
member %. IL L.la ia London largely enga-
ge1 IN commercial t--asae't"as, gIug
"F-r several n..11l, sterling sra-y. "a.ch
showed that tl-.r r--r- .'s and payments IN
the orit-ars c-..-a at business shs- r-ra-
fully au-.flaa. held t-e .'-'.laz r. I'D ,2l
lla hundred parts:
gE-ar7rs
rsar -.s.- sa-...........-........ s.- cent.
cold aal silver 81. ..-.--.---.-.-.-- . per cent
g-..f ....... ............ 100 as- cent.
PAYMENTS
-.-- ...-....r ...... ..--.......... . .--, cent.
9s.s.aa -.....-..-.-....--ll P.- r'at-
80 -''''