, 1869-12-30
MONETARY ANU CON NERClAL.
MONETARY.

The dt fuLck scheMr-whEh W4s nfat pt'p14ed
teAssy tbr+e sear. sgu BY Rosert ]. WA4-r-ot
nkuu f1t. .oco, 100 ot 6 per cent ro,d bonIa, to
II ttr Sci: OF security for icAo fruu, E1ro-
pc1n cap4tala'a Of from tao to turne h1pire1
uill1cna Of gotl, win ~olch 10 rcsun- spec
paIut6st On The Ereetbac-s oa, ssJ, FebraA,{i, I,
1ss0 0r sonc otnrr epsc,dul Isy Iu tne uc41 Ia
lulu- 1t ta pp.s,na thak IA pract.r &le,
cut. trrr II It r. to y Is rot cesI .bls Qua ra@
sfaIPh,ou from ! cufTrocs vost1 - ce-t4 On ta-
dtEsr ~ one wU1lh lu.i. tn fex tuoataa, u too
.urupt 70 nj nit Of III. tua,aesa connu.uy nj
jusr1lK ita a1.trs to the change. TIE pe-s.ns
a n+ts1J sysler. vrh all is d-iects, .as f,sc.1
upon tic ous.uers pubic By toe utoets t,ea OF
tic sar, tu: 10 such emergency nov r.
9n:res tt1t me rhnrEe back 10
rnrma' c.nh:stot Of duaLcRs, shall ta .Iaee bt -
ebI1pt q rroc* -. II theta ~tre ro osher t1"te
Ut attt bsck tu -Escla ia, rue d. .hl.-
EtSt ri t7as end e4ipht jl% III the r1s< thai u,,i
suti tue fcue.ot errpaed 20 lc-e a1. b7 Nc.
waltz. It'll A. tte1r ate Other AID less haza-slnns
ue,h0ns, the pl%n OF hofrualtR h4ct frJu En- |
1oEr the vet. pnld 4h CT We arc prxl :ct; z. Aaa |
et tie RAJ tia.e II esrusas n uou:.d ,h,leb;ed-
n the haEtl q! ttt1sn ho:1et., ahtl FL eat-
Mg At lLcreated Hs IN. nj drat,tuK rne p1ec-o1s |
esr's ut ns hi c: utt.y. a.d h.n'oc TO create
Lew rlfuatIon sn:c1 Eight pcs.l,.y make tne. |
tIt1 bo7ouiuE ttct.asty.b - bo1 No.k Ut en-
ccns.srn rbt T9e ~. 10 resume so~e:o pss-
l;s Is % give rs TIT nahk'ug with circulation
s1e oubt CT p per cenr OF TIE Rn'1 valne NJ
ths boz d, d.n eeI % Acufe H. II lhs ID t!oue
10, ccrlent <N, aruf,ua conf1ac lon ahd csn-
ce, acon Of lie s:ecuaac5s, the goytEam n need
tese er tske M. o,ht Il. 10 aru fcec1e Ies1np-
| LoG: It sNl c4mc al ias. rs the couhtr5 ts PIE
| tsIed s.r
Mr. pnv,d A. Wells IN his recen. a1n:raHe re-
1c1t On ttr dnnrcc+ etme 70 I'll. c1ucs ,.to r5al
$Te,lfnt 60 Of currency was cuor'uoasiJ res1nn-
DaL;, ut i judetpg, pei n*p<, fEana tae ATnnnt OF
| 50 now IN The coRrtry available for fc--rses,
..tiaafed That saau,to oto OF cl1cn1Ai:cg no:es
| wtu 4 I've tuGleiett iur Tie sants OF cs rsretcc.
| 1hc corc.uAtn o: M:, Wells tnnt 3'tN.0k' NY, OF
! Eautr mule, II too u3cn, u bxsc upon the f,l-
! IL. 1tR fact: F.rE, tnr psoer cu:rcccJ has been
! ,,eEtastd IN TIE past el4hs 3c4s III luuea
! 11.aItf ratio thAn iht. ihcrsa'c OF wealth 4 d
| LopulsiNo, tue volume Of ELacef mines DO /
! 4xtsLt belkS tnfte t,neS wh.s It ms 10 1885, M
| :scresse At tic s1er1se 1ate Of - per eeos per
! atLEm for The las. ten sestp: aLelras, for the
| tsatts d Sesfs nou PIE ,ons ta ls6' the To-
ttea=e OF psFer cnEHcuc1 was 'ro sl03 .s. .o"a, Ia
| 1894 TO r. 100000 n 1850 second. IaN
tie lerdELcy Of al Con nescs2i uat1ns
l. toward economy Ia tho use Of cErculsllax
msss b. the use Of catcA., tiTs. and oher rc L o
frlJ cv:dereeS Of credit. Tosetaet with tse'e
Ereu 1eea nus: te Kept II ulnd tae taGt taAr Mr.
Wells tiAttstiea also fhu* toai the gr1<In OF
+ealtn and population flnea lseo has beeu uololoE
IKE 80 rapid ~ ID II .*ca,J-rve Jes1s fro 1875
10 1860. These facts would bot ONLY Prove that
| S1tAIlAC Cj1 u greA:l IN <1ca.s Of what toe <cat1
ata kopaA ND Ct soe cou4uv wAraut nos, b0s
t1tr sIso prove Inst ts:o, eoe,ne t:esset By the
.an 1scc) Il TOO much. The New iutS Eari
e11sc.zes lh.s Pos!:oa oI ut. Wei iats intel
!geLs 4 D, TO 1c, Etb9} as tcle OF oser ITO cot!
I.1r, otcou & Its cf'ttcn N With The quety: "HA1t
rnfunt n a T. eur,ehry u-uid K heoe.sp.t jar
;ls a1}e GIG t..y tJ1.-1r:au u lAc tHsAe~ If the
Nru-nyi7 Nov. although the postt On OF VI.
| Acts ii tis so.ci1slot e-&s shown aho@e-sA vu!.
| ts1ehle, it'd he 10. II has sLoeo II 10 he 70, sc
:..tk iea:, Il tot4 l.stalce. telihe1 Ii. Wels nor
he HtFa has begun ~ tito b~Etohtna. Tt-.e are
CUT s',otI ttat psupes'y cone Be ore the oae Of
. HSw f. neh sound tuEIrrcs = Gae-t LIZ h.t, II
..s~ l1eu, I'll kGt1Ie Lit oEe Ct - HDw nu.l ~
lie .tst Eat.t;o1 Il, Ao~ AhAil se haze . cuf-
..rc, Iecs mao:e IN Eosa Iext How shall n be
r soe o. Kline u volume II there q7es'luas aze
;1.: 9s,.si4c:tllls ee;tled, tnc Q1tsuoa OF uo =
c-Ith." I'll se:.!= l1sei:. Iu4s 10 ucl carIeuc1
. ,-e s,quue, Gnu sca1reiy oe settled eJ aaI nausn
hteHrck The elrcan xtspces 10 fhr ca-eA Of dit-
! 1,fr.' ra:sers arr lev.r eaacfls parallel The
I'll ,ht 1<pulsllnn tou leIs cu1IeEel. and As.
ste a.ss ac.0al tn1Les per n1bita Is peetied TIM
, tile hoies good par1n4 EnAiAnn w.sn OUT u~r
cou1.,t, And t: also hold. Good CO parins Ma.s+
, Gazette with Nep1asis, aao nsErs u co p&t
! 4ons un3aSisf3c'ozy. 1htsr Is n1ch waste OF mi
{ IN lt,& question ot Hox nuca :" ~ People "a,
. lave begun NJ the wrusE end Of TX
: ! crfIercy question. Let congress uFs
t1tv.ne fur lhs porrets OF The ra7e
!, currency ioxa1d spkcta reor million p5 rsq7ittas
j. i'm, Sa;to. II Eaax creu.Ssop sksil oe .ssued
:. TIE rate Of % rtr eeus oa tue :. Il ra.t Of u,
:. tord., requiring thu. e4.ke1z snal Always kee'
), ,le1l pr eels ns,g,n good, and, ~ tae sAm
il TN e, tesn the ar.t1a .es41e1 en-, c! The xfern
j. tACAe. le4 y AAfo P'o'FN" .o1 N''e AeA'o'A!
tn.s cu.repc1 BY reRpEttS III hn!ia frou re N
II tK 1al Hs1 cferi2t1pp. II iH Ia 0oae, lie Qucz
II 1,oa OF Ho = a:acn 80 vii d,.sppea1.