, 1869-12-22

ITE1IEpGOQ OIL f1>cEiG phyNGuL4$ 01u AZ EA A%<e.-
..,..l estimate os The ,ml~,.:ance Of t7as o,less
fsl-'s }ioa isIl4eI e,asrae:ua. + c9atd Gafe
IN: n small portion VI the e1,*tiH1 csitt u y
Nctc uossiule 10 substitute sesc1 hunifeA nnnoos
CT cett lolla1s for tae peren hauArst millions Of
paper dollars IN c.rcua1aa. Aaa 70 nol3 taa.
azouni IN The COUNTY,. thsts Woasa u: tas @ saas
41s4ti1n OF prices, the RaMe dtsas0pTtloQ oetHera
~ rr,rts and e1f'f1s. hsd me same tu9oNHT N
d'-Iuse or ihc rrsfacs OF domestic Ind 1ssty IN
gH.e.xu markets. r. ~ sure, II %o1ld ho tn a3ss
he 10 retain s,ch NJ AUouat Of gald IN tae couu-
try eAcrpt ry ls~H OF inpoaspie barbarian. bur
ssen. is,ousn rseor 8 lou, ls,ies irom 1ne reans
tlnn CT the present PAGER cnree1cv thta1cn jn1l.
c,tus and well ordered Hi.hfraEal: After such n
,sr esra7c,1 commodity IN the couutry, aud. Tor
at,caso1, as Eox, wocit coutnue 10 oa taken
b! foreign caauiIses u preference 10 or otaer
iI,tts tta. gold Il, Ic's..velt, tic cheaoest cou-
Chilly we nose tn cA3A7t Tat gold. also, Is
rtl3tlreJ chean-F tnan IL: Hraluess OF our d0ne9-
= .usnstacsn1er. can a!s9 TIC shown By : more
t:rc!Ec i.ln.I:stinn. Thst, n 1.6l q tao1Rand
s.ul,d1s IL eoId xnuli r2tcaa.r 10. export Ill
otz.u cane. seat ehsits fae tanc a1ou1 at ot gold
Lrr IN a:i:los. 1ft Eat. VI E1rep-: hot. "a ths
2ssss Sa:e. It Vii Lo x 1rE1a-s bit 1ot d1z, ,taus
Loving thHi, "a n,e1..:ett hy snt- c aamo nv gold
ttilcslEf with Es than !: nls IA 1s;n and chcipe:
$50 y,sn Is Iran u u n ,aer Co ant.tes Il H.
Lssl1 estetaie's, and whGte It can be u5at 10 the
S:elIss: s'ie4s.'a:5; aaa tae chslra, Ia CON
Irs ~t:n III. e1;s'a '.iorl., fssritutr. tuols and
~ sltt.es.lt AL -ftcs1r-, re all wed ~ remain
:: lion AID H~prrss The market With an excess
&: cs:GIrstlloa- .....,-..
It ser. cca n.nn .ra tha: 1t Gree. lsr1iain
@ ~ c.uatrr> vi tnr vif.l'r, which "noO1$
:1's ta.s>i States $50 t'st'ga :ucrssa adlse; bnt
j: 81 rrsEc I;-p.rts rhuw that, IA the direct
tt.'r'atAuL r.: lan cula1fe., f1f ISIS, the
,sr'.,s. ,A!trIS !rac4 The Ca:tch STATES ~ GFeat
l.. -;,-. eare,,i ,nr Imports from Urea.
.:i.n.ao.t 1nt vain. ~ Inc l.ts:1 exports
,,Ia t.e l!.,t,.. s'~t,- ~ Ii. tssLs1, ,a9t ts!ls-
ttsss ~ II YA1.s 1kiStr1
r. .:!' !'.:.1".!~' isl"T .H's'.9.D Bat ths
LAl tvt.'1rE.t t4si ~sJ'1tI u'.s ht tuteu III ta.5
Irsr, w: thI. AT t',. oulE VI our I'm
iu''stH:s r it's-~tt taT fnstera,s, ruscass-'i
,I.i.. tr'i,:fs;e- uterr tha1 GsEat Brt1ln-ls tea
;l.II; t'l;ta slgsr lg1ii Cum. cS1.c Ir3m DTlz.L
:sr,, r.s ssik. - ~. ~l., rr;ees iron iata u
.hrrra- couolf1es AL <inen Isln3re the vesy rEo-
t!.rt- u INDUSTRY Mn,ch lie United Stst1a ea-
}tt!a-iJ CbEulHctures a1d deAtea 10 se.t, We IN
10: ias for sSra raH materials, as 4 rule wt.h
e. tl:Ss:tEte nrr-rir ~ nIr plact: OF, IN 0tncr
s.a'il I ot .rlcr aAr TO Eel, Aa l0t1efy. auy Of
s;adfavlufSI produces to tlt: Ia Ions rr11uc-
:'='ai i.nn, .nr,a's- We caano: srli cnelplt, xc
" II" atvercc hsll1ces by the E33se IA tlv
*:.$T Ir-Tltre Of i,h..s II eIcnauEe on En<s aad,
.rs'ss "a bankers proni. and Probably e1et-iaE
iE'.E rErcbAse, to II Stta'tr or less extent, hy
t..!I - CscbuLt fhe la fuus o'Af2A.o Is 01 ~.
...t. ':nt s. The aeht ;pus tra7.lerr=l TO Great
Ir!t.sE. Us kctIittl ~ &. e1rurIAi4ju Of itsltsh
frrt utt.tsc, Vss'nz alO tier pro5s. aai ia sltti1
t'>s,!s, i's1 stiE irr!.ats At,t t1mn4lsylouA Nor
:-,.t,.ls ts.1ect at-r.,ioc, aid wh:ch, although
I"t.'-s I,us III lU.Encr Tcprt" has Etcetyti ll.ie
t .,jrra11on, ~ ttat there Is no such thing pos
tue rtlrsui.iiu:t a,as co1ilu Ace of sotrt
r.,nntts Nnb \ cnutt1aA-Ct Of ,h,s aS3oF Il a
Hs1ra4 nt foreign tSAtle auti tNchauSes; ani 1ol
':rt,nrIr r.asoh :tsas yo.l vii. noi s.ay here
Ent scGi 1ht,a ago have f:tt us u lhe Las: dollar
~: -. ',,t'is VI the SA'!o1 al t;overnnen
l1tt s'ht a':c fur tie Ect'lt ucnt VI alrtess
lslrEt III auess i'll lssr PLACE ut HaA, VT m1A
t..i'... l.rHAs. so that fuErg, uaI,oos vii wiz
&c /. --u-. It Il t0r Ineu Itfetes., to ets7auIe
I,'.- q. III, fIviuct. And IL aesoTpl.s1 tn,s
tLsi" tiIs: bc cuntfactnu. lof, To reduce pric-.
l.'na."sl'ts nLd evlt4:taHy. while m1sn.a'u,as
s..r.',"..u VI Ms-.i.eetuaais paper money, i
t..rl M ,EuIo5s,hIay.
A@thT NJ GuIn NEEDED F0n MEngNrT1nS
7:s.; ':as-.,cn hue tuucs x,i.t IN pe-ied bezg.
.&...a eu.tatt a k]s.eIn a! Ftalt14stios tepc:u
W.! tls't The autwur 10 the prior question 10
SIS. ulTcuus taete shat Il. 10 rt.lrcn. ssescl
l1,.-y-d 1nl:Im,n4 nt rarr-bcv coBI.l not he Aep
.'-~.n.t'le ~nh ;ess thsn seven hundred mllston
r. 8uA tJt1use with kiiCn 40 N!nolDL OK Catt4uC
+. S"ai trc.L:ahi. s,c nepreci.ted, aud heuci
rc;n kul!a irA nreiuual Whl-h every hulIe
tt raI9r .uult II. !s,'is 10 1ra!Eze. VITA fDu
FEL'iEtA intlllfnS III IAIcr. III tue othef nan1,
f+Ltire't E5l!liths NJ g,'h w0ul1 yrolahty N
stut.s~. i"-Au-s IA: '"rrenc,. not oeas n rK ses
sE 5nT NAt.I Of c0.1AInegc+, would n.I. FULLER de
I':r"al.ou, An'i, gold aal plpss bang Oh O!her
~ise '-lsa ttrme. psl'+s 1u-' Hs preferred for II
CREATE copscn'+us's ~ n"s, llAt a1 IL lsaJ Ii
RA1iA4 wire fully ne 10 fttletit, nf Lh..r Etrct
IL t9 WHICH eHs Itc,. ntrt! tur p3y yurLt, athu II
s,aNilE tut ctre.u t4ll- ~ ~t.et: III DALI
q, ia,t:.sttate isr,l.tl.-. 1t II W.. i li,, h.
tween gold tt} t,1prr That :tr1. tS 't. te,s
hut ths ta1U bet &Htn ih.! AD0nut NJ riptt III IL
e'!stion anu the so Eu,e ri Lsttp Il p-,a 10 -
:l,'s exchange. II Vi 4th II l. ,le i.-1. :,lt-5l
Aucn CRIT csau has ta.u .s-ed n,aIE t.l,. rse lss
i"r In: hdopliny the IUlTs vi tilatiuS xnl VI
q s'e. 10 se'urnluI ~ rp~c'e r.+a,-:.f o1t
what liz, hIat, a.s,tC i, t,u-, s.IcN =. lie
rtCf't LEAD ~ to C.'o'1 t.s4ita MHicA1 sui, },
Ele0 hy 4 Hlta-ute OF co.,rArt.n; wn!e c,il
LE4ttuii would u.ysate tt~ Lec->.itS uf Acy .uca
i..llry, ILanMara 4, KnLt xu4. filen e., a. l., q
~ Ike tetIitcn lay As-s'ur currency n.tng ia
iraNh:nl eon,fi1ion-t" ya.t THAT extent 10 wh's
e'stznsIa1y. E4iusI'x nuttth,i-s l.. II 70 eus2oi
tAat My tTUxrvrd cAn w ina ie towards reiu'u;
ton ts Il f.r1nct,ou, through rDyautaen1 pul
CtJA& Aha CAuccllar,Vu, ut t:- psNLacll of til
fesn.<t 'lebt. II ~a hai 40 nA.ional deb. If Il
two t'nssskd ml LOIS If p7i1c Nsl1,i. were b
knnle rFEcrss IN he frsn-lnrciri luto III Oily.
amount If tIttast ''-erur1lies.r y exra:.l1ei ns
tween r't,zeua. lh- nEe,s;-a l,Ii sallL nos y
a,Ia.c;a.y az, tl.u T. - pt,1 a. "a hs con ii!,o
ri .ns rrtst. OF The Lattnp which causls EO!I /
=" III prcniuT IS II proved IF The FAC: th II II
tta'y. Au-sra, ana ttnss a-counrs1cs .i1a;ntatnia
sA.. whose dea,A a1e hsster, relatively to <he.r re
."trr-s, t&au our o~n, aud arc N ro respect
Expenditures, ns t1le, are 10 excess Of their o.
lary Fcyetiles-in none Of these three couutr,t
os ~ NE Ets.n. M urrfec'.uon q sl's psrsl moar
: e!es; the reason bcsuv ths. this paper money
f"s 70 much "a exeets a ours-.
RI oua tss 1Atn upon the lts1e OF currency, or hC
eMltRt0n OF Its amount ht atteDpte1, out tn
tie people themselves suo1tt be left - lete1m,t
su.ctrtnr when uPp;.esi 10 currency subject 10 r
.cn.rtinn- It u nut true when applied to Gu
Ittc! eho.e sole sonsilsueut Ia credit, aud sbls
scGhtl OF eoniUerce: It alternately sltnuia'
anh q rrf6set. but po,snIs alt lhe Time. 1t cat
l7s own appetite. IL would te q. rtasana.le i
Isa.r tnr tiru1 karJ whtse system Is tnoraacn
J, H. ned i'y alcoholic >t'Nuatl's 10 dctermlue Il
t:sn,ns Nhlch Is 600, far h.n:. u, II II to assa1
r Lnu!sr'r rr1ctEa'E Enrr.4i upon IL, Will of
:'nl crn"r ah.1rn thereafter onIy so much as
s.trr;se to Il. ss,'n;s ss, ras PARALLEL net IT, 81
l-"+> u'd ih'' tEts-'s " Crstiit Moae! rIH'1 Il
:. y, 'san-'ttal anl euumtfesal, holds HpoI
"a t,rratr,ieusr ef Inc United Sta'-s s,ncs u
tn.E ,srnn OF tie ptcsett syditm- TIE ii
t.,.is hzye been 10 excite 70 an ahnospaI act
...,t -srcs lie !a:se appearances VI health h
r,r sh.s- IN 1GFD, has iNrn s1ececsi-d by
e,nd'taa ~ hrprr.@oo, aud tha 'a.s,tu'se 1ueri'
~ tanEtTuen! upOn ELtiue excitement NIls l
.,A..t o. OF the laws VI n.tuze. Anln Is p,
.c...y - this c0pt!Iioa sne rssor Vi :ttu ol 'lI,
s't.nA Tor "r."rc sa,u," anh The 1Eokeu,do,
81. Of t1a':e fe't5 tae strongest Cravings
;:vj, }J-ausht< af credit 10 c,lry 1t thro1Sa
,tt.m. or reaction ani rEo-tr4slou.
I-rtA,t,uIxI, tht1 tIust. rs Iae aeC1s1.0n may
HE Cctnn,ssientr. IN ticw Ut thu sbDvr con.i'i
1.r,l., Is cous na,-si 10 i.t.hvc tnat cuotractt
iatte one IrcestEy VI Ihe situation: the OF
-.n,EAs fur EAl,1trE eI!S NJ (AT ~ me Catfen
Las sr.A.A II 10 IN, IT, st.t .ust Tie nation clnE
!t"'a its .m.'arta.s taen:a AMI .sllira!t
zt,n s"r makers ani nt::'scs>ttnsrrs Of The !
lpse Tie tuulstI .hA rU-rasv ~ lake l. Nn
c:.ir. ;tfoswara 10 The cuh-
TAAAt1aS.
Wcrn1c Lcxt to con tlrf what remedial me
srrS ca. i'r n*ricsi NJ u charge in tae extat
:t-,ea.aI iINat:on l:It hef"ee MienriInR
.r.r. rnk .n&'nnS ny to y nat "dSut to f1s 40
\. 4t,rsssrt, III me nrRt ins;ance,to tcquEe "
u acSiiulit frAkthe. .
:. I.aN,lou II rrlonm rntter cf choice 20 M
o,tt Erct-,t1, Ent The rtasen OF the tasr, but
= I sl,utc tx.sercrs Ol the government decd
!. 1.te Vu. st:on IT iMrtt Fortunately
= aItr: sssHtrs- ht lhe Ire>t..t tsomcet. through
asrh ,tccss In the collection Of tts taxes
L!;,, EnrsG mud Aarcatnc REDUCTION or c2ps
= I.nh., l- IT Q r0s s'Nn 10 cIo"sc h$tweea IA.
,.d Il, Il. rade uyr,y pare etoouInss al Cou~!er2I
Which ehl.Gi1 tc IEsa'n.~i sna which remit
v III u s1Erns ava: able !"r the Reduction Q!
:.Isfi .st " Al Nats.!t. {rivl-thu for lht redue
&. thu Erss, 'iA~ TINT vi t!ch The Eoveynme1
titttLl r:) :!e, u VIII s'. lLrHcusa'e II great
: tiurr: atr rts strutrI To industry. Mun
7, Hst m rrtnsr, t,s 4 y. E.c sct, ntty millions
l.. NJ: +. a MA .nt1,'Cnt oH+0FI auity IS sn-Eied
1rI:s..,: = ihc s,sfiros y: tHe people. raca IS
X. q. .ie Legislature NJ aaS nas:op-
1Es srkrLrS
IT,. rss cI receipt, cver G1pcE,i.t1 1rr1 for
II Ii trSs rutslsG iatc W. !~?9 Nn, IA tuapA Z
t.-,s .Nt.y E,ne ll.:.tons ii cu!laEs; aud Ep3n
ku;pt,-,.N,N That 10 cnA6Es. Il naiie Ia cxta
= ,aes, WG nIe wattA.;c1l IL a,snmiuk that. Wit
: s,;..al III t,uLt o! eArcc'!:saccs. tbs same zur
= r lt.~ T..t:lkll dut:ar TIC pItsent scar, and
= ps,iair.I ie .. a,i:ca A. The hass Of esu1
f ln la:, aa,EItnt mus; he added two Srec!uc u
=. sAr. p,stt1rc ptuvNlrd Tor rut n5 The Fecetp
4: ls,e-ts. wnlrh will not be CARTEL ever iuto
,'r-t,A year, a1t slut1. therefore, be rrcsnns
8.' IA'E to tie Treasury. EaIclS: SlsVN,NE
:-.es,uh: et ss'aHstse. n:et. now az saas.aa:
~ t'.sd: St.aW,iW' N Ep't lcQusvaept 70 e8.Is,
; t. ,artGcy., t'ssurA Il IL payment for The Al
}';rI sse,
l. ELASTICITY OF TIE RKyEKCEt
7ae rttsrlt anncsl elasticity Of revenue, Q
~ i'rrI4Sr t1uta the growth Of the country, u
l e5s-r Ati 1i,srsI tnIu ItAAt tlcMsot IN determ
1'rtLs.'lu> VI 1tie future. II hsoaia DC noten
| Hi,ie Il. anIpal Increase Of capital IN the .!
/ :ale-. avat.hle Tor iepFNiuctioh, IL not PRO.
i sIual tn that NJ tsrfAt tir,fas. Jet the more