, 1869-11-09
SPECIE REsU MPTI0N.
washington F1oEuosticnti0n-I Iku-
/ nloreu Abrc:ntauu OF tire l.rEal-
! Tender Acl January 1, 1870.

Washington PtoEnosttcntt0n- HH-
n,oreu Abrcsnt,pu OF tire l.rEAl-
Tender Ac' January 1, 1s1o.
To.itnstvn t.Sur. y sJxeiel DvspascA Ia lie Ser
ou,c a couno,,sp 9s,F ns.1; as. been create. here
over report coming fro.n A2paSensf7 a.
fhenitc sourees. thai Secretary DontweI
is maturing tehetae foF she return 70 specie
pa{ ut Its lly the list Of J1LunEy next The pre-
ci.e node WHICH he viii adnps TO bring about that
resuls Is not clear. No person appcara to In0s
whether It y u! b. b1 retiring A1ee per cents OF
Tie t.c, hrlng apparent that the supte No conr.
will before tuaLy uaosfhs decide teat the Lea<al-
anxious to Anticipate the results bg securing the
return 10 tpec,e Ta.mout btlofe the DECISION Is
given 10 The public
Of Bu1ao, Who Is the 1rputed aatnot Of the Le.sl-
that the Legal. Tender Act E1s only Intended
arpnneGt In an emergency. Sud that u Is Clearly
Unconstitutional tSrs< Of t*dee. In short- that
nc only rsea 70 az
afitutinn. This opinion, cnmtnH fro1u the tfames
Of that Ia NUT, Of necessity. have IL effect upon
,Ssdo hs tne eestoa ot Id, eoai Tsls asds 10
the Interest which Is taken Ia The repoztct move
Hen,s Of Secretary Bo1t tweiL
fNK pEcIEI1N n Be ANTICIPATED.
II Is privately given OFT hy those Who have an
Insight 10 u Eaters In The Treasury depart EmeH:.
m 1ar ~ rp Z. ,e Id :us ess:ao an1
saserse rrsuitt to the t1.eln=ss interrsta Of tue
country, which might result from such Decision
thai II e uue is near AZ hand wnen specie pay
nents can b resumed Without an. serious en-
eaz1assnenr 70 the conntFV. The reasons giveo lot
h,s belief N this rcspet are, snss tse o3:ks ~ q
than II aps other tltnr foz some years, and t1ae
this surplus IL llsey to &c double the present syn
nv the 1st Of Jsnsas1; Gold !. no. :, dsas Gu
melE, can be rsed ~ currency. aud Ia the TeXuar
ard eR1t,Date dealings Of the country, instead Of
5as s1 sSs ssases sses
nent OF lie VA, and thus turn tue balance Of
e. y hi az Gn ssa 81 as
metis 10 This country ftnu ahrosd
Tne dssssus'toa pro'1ueed b tns " t. tae
he southern people ou: Of deat which. with rncr
as tsai e. ie pEssns e:op n5 III proa1s Tne re-.
ret wealth 10 The couuts9. 1nasuacn II tue xrcat
torhed abroad, It Will n retrru bring 10 this
country IN amount Of sold 10 excess Of anJshtng
~ tassn ,es 1nee NJ q is IT,;
esd, NJ, boutwell, eoc.enp.a,cs saec,ar1ng, ia
| fAyGt Of specie payments lie has On hand IN the
Of dolls:s IN gold. tow, IN addition to taat xhic1
j. heit b. the baLks and viii be hzoa2h. 70 thll
con1tzy u ret1tn f9E cotton;
lent hire shat tue return to Epecte pa5ments b.
Ser Tears Day il ii every 2a1u-ulaF feattnle. tn.
current gossip ~ the Aarn t1lc Ii that the S.cre
lxr1 OF the IteaSols intends 10 take Sdrantage O.
tne c1rcnnsta1rca, and g!ye the country tbs bene
rt OF specie circulation
] FNEHCRI FOE xlnrG11of OF AMOUNT OF GID u
| TIE IIEAzrRT.
Inere II Z strong pfoascTe being brought to be u
on Mr. Bou:A Ell, to Induce him to reduce ths
amount ot gold IN The goTeSn1aant v1ults 70 thirty
millions, In order that the question may be ket:iet
| whether an3 further contraction Of the cuuenc.
| Is peee4saiy to eqca1izc tue valne OF green
backs and gold, ~ = step towards Kpccst
payments Taose lwho urge snis cour1t
| kp1d on the market wo11d bring Tho yaiue Of Rolt
I nearer 70 tho proper value In relation TO green
ha@1S; and In tnts waJ tho question could be df'
te1n,1est whether further contraction Of III
currency Would b essential before specie p2Y
| uenn could be resumed.
| An rneAe fuUorx and gossip, pressure and 1Sur
ing c1estlJ Indicate that We Are On Tho eye Of e
| tIAoflDAIy financial Operations On the part Of tn'
| government. Ta&en With the prospect Of q
| early dec1Iiou BY the 9upfrauc Court On u
lfKsETenoer act the public neesl not be surprise
At an ea1lJ dftas on tho part Of the Secretat
Of the Treasury, which will nnticeao.J change tn
relative Tslues of gold and currency On tae nlat
tst and put n end to The speculation 10 2pl1
changing f from article Of merchandise 70 N
Of currency. II Il too rood = thing to hope 70
nom shA administration, bal, reports sEe 10 .
| oeAevtd. The experiment u 10 he trscd