, 1869-11-23
MONETARY AND COMMERCIAL,


MoxnAy EvEs1s0 Nov. 81
The ruuors Ot political schemes at Washington
for the resumption OF kpcc{e pay 1euts have sttr-
red up now Interest AMONG the bur,ness comnu-
nifty 1E tha. COT nectton. aud arc In receipt ofA
hatch Of letters on the gbjecs, some Of them con-
tain:as nnaacial r'aos which ceTsainly give esi-
derce 0{ 1uoaey On the suffice: OF national
Frances equal1ed bY nothing elsr, unless 1t he the
yacsr!cs Of fone religious enthusiasts. For the
isncut Of snesc, We would say thGt We do u.t BE-
hcve the administration will cpdorsc any lool-
laE1y echcne for an immediate re-
sumption .os Epecle rAyments, simply
because It EuRt bc patcnt 10 any man
OF couDoA sense thAt the government cannot
1esume. II has NOT the coin to DO Il With, aud
could not accumulate enough lnslhc Of two years.
IT IT, therefore, the extreme Of folly 10 tslk aoo1r
II, and keep the ntnds OF Rppretenstve people
continually mud unrccessaniy disturbed We
hate said before, an.l belleye Jet tnat. tar as
resumption by The Governnent-ls concerned. II
would 1rs better II It ~err definitely understood
that the government wonld never attempt re-
sumption on The greenoacks, bat only fund them,
or get them ont OF the way, ant lcsve the tast OF
resumption 10 the Nat!ousl Daus% The following
letter from Lake stttet merchant In this con-
nec,ion, ne Print, coi tecausc cootalns any
thing particularly new, hat bct.aasc 1t shows an
Intelligent understanding af sAe c1sc, and a clear
statement oE so1.e Of tleiac.s:
CHICAGO, NOT. ..
70 Mf Elisor 9} 7At Chicago TSisra<:
The sratons for the belief expressed IN ny for
Ecr communication that resumption Of specie
ihe WORKINGS OF \ SAttoral Banking Law tnaa oy
Any other means, are: .-.
Tlfat That Il ine Na1loasl Banks were reorgan-
lZed upon gold basis lhss would al be Interested
in kcepipR currency npto Ac.c1s stAud1rd ana
would dtscoutAce MI a:tsupts II "gnla GAm-
bnG." No nhnks could te found thAf dAfe iOaa
II nj rsFfifF rho rfffE2 ~ nSfflan tue
10 engage IN that business. for the! would know
'ha. 10 advance tho price Of gold above par foE
ssss fo4 eoo' '' and % tass own lnieres's @ YOU'D
prevent them ilom lerdlIE themselves TO
Any such project: Ehl!e. On me other hfut. Y
la1ts Il loan sni DEPOSIT, there would eren.na j
te ettAslthed IN al IarEe cities banks ilke the
| God BaDk IN New T1lA. whose BUSINESS I; would
70 iheiE snseiesi Is cause i'nciuaioas in il, and
how eo3d It be prevented. The government
would hase but %ilt.0 IN coia to re.,tem
sSt ns1 che esae gsa T
trat uculd hate rvctf dollar OF the governments a
gold tn less Than week utter IesuIP:i'a wss At
tempted, and who can tell what = dollar Of legal.
sceora- Ii II were possible 70. 1nc governments
10 sesnr4e specie ra1meIts w.hon1 the stt ot the
banks II Nould not be Profitable for II 70 do 20.
To place the t.eo oso,et lesal.,enlers at PIT, II
would require coin fcsesve OF not Iess than one
tna1d tae circulation, Amounting 20 ~, fst eeo
l WE eA A4a1 "SAA AG <lN HVes "a tAA%teAr At%A
nt per cent would be flx~0t .o00; while, on lht
other haut, the hanks furnish the circulation
the government would not require any reserve, =!
The daily receipts from cosfoHs, etc, ~oual ArOrd
LEANS 10 meet current liabilities Tue
banks would rrqu:fe, 10 kecpre c!lcola
ssnS,a SnSs o,a@ o.o3...2s y s15 Th
| banks now par to the government, taxes ano7nt
| ltR to p+r cent Oh their capital, 80 that the &C
| count wontd stand as follows:
| To Issue leE1l-tenteIs thelh would be 4
losa Of Interest Oh coin reserve OF
| $e3&.NN 90 at per cenI........... S1ACJ1, 90
| To Uke National HALk hutea
| tie loss ef interest on $780,
| otN,t19 boId. At per cent 81 Ialo. 90
| DJ ts1es paid BY The hAnk.,
Per cent on s2Int........ S2,AM,G0o ... .
Showing that It would cost the people Sl&oGa, ,op
| mOFc 10 hare the government lA&uc teg1l-tepdeS
| than II would to have tie same aMpeuI OF cuI
reocJ Issued BY the National hanks. Caa Apy on
ehoM what advantage the loss OF this $lAlGO, %
would Gc 10 the pcoples E.
yne following summary Of itsuas nou tn
assessment roll Of the proceeds Of silver nines l
wnite Plno County. Ncvada, for the quarter enc
tpR Nov. %, viii be OF interest: Tho total uumb<
| Of Ertnes from which AMI return WIS beng res
lied waS nttJ.tve- The total number o1 tons
Gre 1Aued from these Wa II. sas, and the ayeszs
wine per ten VA Sas.5s, making total vAlue
! taalSl The mines Yielding the lArgeat amour
! vere those Of the "consolidaied Chloride Fl
Co. n which }se3ded 5000 toA8 Of ora worth 1