, 1869-11-18

Z dollar to geld, to represent that auouut IN t.
e1chac2e Of Commodities. viii nsye1 be auta plA
to many persons unul the oonfu4irS 6cslon Q
greenosct dollar ~ removed. Toere are peo
pie, however. who advocate the Increase of tnes.
1ctuous dollara In tho hope Of producing 1uoshel
era Of speculation similar to that which nArkee
the progress Of toe war, vheo, ~ gold " "went up ,
but, IN fact, - Hreerbscks deprect1ted-escrJ
thing seemed 10 tetnoeasirg Il value,-& delosiou
| which u Just now becoming spparent
1t ID the desire 10 etcape o1t uf this Jog Of co.,
fnstcns. and to got into 4 condition where evea
The mozt Utdlocre understanding c2n See What Is
the uis'sz. that nakea Intelligent thinkers on the
tnancta tea favorable toward the shru6atton Of
the Legai-Teucer Get ~ preliminary 10 the re-
erup:'on OF COLE redemption for the paper money
In u.e Such csudltlon could b brought about
bJ two uethods. y11-- either BY tho repeal OF tho
LeaatTender net. or Decision bJ the Supreme
Cou1t adreE.c to The con1utuuouautJ of the act
The Litter method has some poinu 70 Eecom-
nerd II oEer The ar1t, because It
world 1eare the relations Of debtors
aEd creditors whobe conuacts had been made on
agrerphaek basis III q clearer poslton. Ths de-
ctbiona Of the Supreme Court thus far leave the
Inference almost unavoidable that, no.wi,hstaud-
ing that greenb4c1s have been the s,aadard, aud
the money Of account, there has been but one
lttd o& money throughout al the complications
aud fluctuations OF prices since 1884, which Aas
susta,ntd fht sdme ft.are ra{uk to 3oods and prs.
tues., AID Nalch would ktt tuJ.a1p the sAue .e,a-
tvs value u tho leznitender ch1racies Of green
hacks were Ahrcgaled, ytz, oe&l, which has been
Ell Tits tine, ard Eouid s:t!1 te the only real
money OF the whole commercial world, and COL
sequenuS our own as well AL this ume the
aalne amount of gold would bay tho SANG
A1oucr Of cloth. or cottop. or bread, any other
conn odttT, except where the ptlce1 Of these
commodities have ructuated on sccoant Of short
crtps. or large CROPS, CT Increased demands from
the neeesistcs OF the government to carry on tie
var, or from iccreaAed tax stton, or IN short apr
otker ctrcplnstaceeA that would have caused the
tsue nuciua1ioEs In the price hsd tae currency
alwsys been gold II this III the direction IN which
all lae decisions Of the Supreme Court u trayel-
1srRa believe II 1s-it IL apparent tha. In the
event OF \ csctsian OF the Court adverso 10 the
fototchter act, debts contracted on greeub1ck
fssta would be payable u 50 m7ca
Rohd a. The SUN Of gTetneAcks
mestened in me contract Vas worth Al the date
OF contracting Hne ueb's And rot Ia RTeenbaeks,
that nl2ns ue arbitrarily enhanced or
osp.ec'a'sa In value eJ some act Of
.onR.es., aos do'og N injustice - either
t0e oeasof Ct the creditor. II Is on some
tcca urn oas!a a. thts thAt hnaac, must stani
oe'ele bua'nees Will revive, and before large
mas o. tae people WI: to able to talk Intelligent
y Aoou' Resumption o1 eota redemption for tue
paper nohes N use.
4aat aaen any deotlte move IL Fade toward
spee'e EsJne1ts VIZ, the coso redemption OF the
paper eulfeic.lr II cah oe done caeies: and h!st
!nioaSa sae Shslonal basAs' ought to to s7pstrnt
~ soJ ole !tom one iaet a,one. Viz. that II the
VIE PRESENT s'll.uaeeo o1 paler currency were
eaanRsa ,I'o NJ salona' baAk cote, there would bc
s1stn ', =, ~, y, a,'sass eai. cn aoa.'son 10 tae
t.suke " .Ae koNe1"lnc1t ~ seaeeu us nonds de-
f~SstSN ~ 1<%t'N huEA NAGNl2AHU} pCVXCu 10 E&-
.sse,asss uoos .. pa3 - ~ Gu nc aaa taas
~ ~ .ne 1ss:noes o. 1ae
Co.. ~. 'eoeufHo'' ean
49, ,as,ao, -, ,,s.,.nH,, .s .as 1e tesecoe Is
=. ~ 49,. w " 1us oohus ueioal!Ad
~ es.u.I .neA t"ea.Aaou' ano 1aat
>.s .s...." ~. ""sou 20 esetea " p'ense
9,.r ~aF.,a4 ~ .ne eo1A u 1no SaEona!
~ 49, ~. S",.s., ~ sait "At 10 tesumeuon
= " open LEG Sa1'ooo! basktrc Law sud invite IN
'als ptisase eapital' giving such o! the banks as
sua e1st ~ oo 70 tae p11sueTc OF doscR business
~ -, sa No"l ~ - ~ N'u ~.ssaus uotes Fasaole ID Sola
NY p1ostotnk 'or Tue security OF t0e gold notes
~ aepo'As VI oeuuA ea.uolnid anu
.ns S'u,Ie'u ses.es "oulu soon aoopt tn's Kind Of
aa.usa. oauAlps. auu sIsaonlJ lne "ao!e country
"1am sonas ~ :. "iIAou. a enocA' ..-.-
,+ L1 unaus5 teIAa 'aose unenaesed.
aoei su'"sea'' nol 0ete Is no parlcc.ar
Iessate tioI' Auy HPaitaea' OF Trade Tie
.leN nv 1ahar. IVY e"ac VI sncA arc ee:ine
'a3hc n.eon "ooa''o's ilou ioe i'anAs> reese
ueuA.ot. sIN. uo"eta1 oase ~ a'onS nsea Ae2t IL
'S~' ana ioLus Pe"'1aea IN Anticipation OF taen,
~ lnst 'aet plooues no paftGuaar elect oo tue
uotf5 hafse1 loW oat tne now OF currency u the
teln'iJ' Ia CONNECTION WIN pacIcfa Operations,
Is ktA large, and VIII have the tendency
10 make money temporarily exsles In the
country. and c!oser here. The Wholesale nel-
chants are not blrrowiDe much, nor arc they pay
log up very promptly TO the banks but they are
steadily ruthtpg on their stosIr, In anticipation
Of general EesIhug down Of Prices for all Eanu.
1actuled Articles. and, n thlA way, ara selling
fotnl deal, but mol getting much money hack YET,
Merchants tu SOME lines ol gooas NE no1 o1estos
goods 10 their country customer. Ut regular
rrtces on three AID four months, nod. at the sane
:iae. otIeT1cg to ledrct from four to ax per ces,
for cash.
In the open market some good two-naue papey
Il pnered at from ~ 10 !. per c4at bet yrortn