, 1869-01-19
n:sahCtAL AND COMMERCIAL,
m0NETARX.

could aboW how i1sty have BY species OF loy1.
cal falfa t~s-ff NC may uae fae eLpr r=.e!an-"rea
ecns d" themselves into state Of co1a ,e,c db.u
zion on this subject. rhe Latest a1u mort n IA.
hr sns:srec Of tn.s il aecenl BaIsr. bat hs Ia
BY 10 IN ans p,nneef IN this most deceptive
sopa!stry which has been 10 much eneou.11ed hf
tie d.euskfoL ID eo1ueeuon vita tbs npl!e xot
Ind = retuzn 10 specie payments. We nave ta,ely
Hcs'sed Two pamphlets, both pub1isaes ii Ii.
s'ste Ct i's;noss within sne pss. eighteen non,hs,
aid which to:h etFe eslden1e that the xrit-rs
had ioV,eally and honestly rsa-
tonsd thtmstiTes into etuo!ets
1itu' detststdirs OF tie iocas Of valo, aad Of
money. Une OF tte nost su1k,ng lr1tauces Of
tht1 identical celus,on appeared In TIE Cincinnati
Gdxs!fe OF Fehsnny l3, 1855, It wss coumu-
rieattd article. occupying al1 columns Of elo4tly
r11nhd mattes On the nrrt page OF that paper. Ii
sss accompanied ~ ase:te1 OF ta,1rt and masses
nj d2urek- AID WAS marked " a alhtIe reasoning
which gave cttderce Of The mn-t 13tenhs mental
Application. possibly for uunths, b1t the whole
scheme seTolVed around the one s1btje error,
wn'eh Ia 70 be fou1d III thrfoslorlnz extract:
W. tostes ,a1s, AZ il tnat which scryes for pay
melt on FscomltpRe'
"AEd he desees the verb to eotu' 10 mean to
Ramp md convert INTO mouty;' and tins word
enar sge Tic act Of cot vcrric into N 3rcf:t th
~ or xpeess OF fo11nllE OF ptolucnHs Othc1
Gen. iuo.a Aro given lat ntsna ray trthcr than
roI TIE msIes.a1n.n1 Co;n - ,.tos nus eoau' ado
\ the meltufe OF valnc, e.t4 .l,sned oy the aoT-
tte En po~tr r-Esreeta of the uaterta1 upon
t.s,,e s1e Gptsfs ~ mace. n tats country tast
atfa.s. Tor which rthson the mind ass i.mi'ed
pomst to .oe. sen to IL tnp' upon
Tu1ntrR 1ow to leneral Buffers speech, 80
recently made, We ind the 1knla iats saaumcd II
| truth:
III ft nov Adnf7ed By a11 political econou,txts
tnet InelJ snRrasd pItl ttcg upon paper. dtlng
~, AN. - .ne o@t 6! ~ pessaole sG6sueutes
ae9r7euc1 for a n,nnIe thrn rota .sa ceeapes II
lf,s vcro tbe o1,ect Ia rr1.,,,.. ~. r-t,.,.,,,,
| Of Gtnetai Bate.'s tuxnc,.l ,dc,. w. conid
| point ont how ayth,t h. ,.,. ~ -sos.a :. sIs
aru .t,yer being n. .or1,. n a.,nar.1, =. ss.A
production, S,nr. word for ~ord ~ ~. ..nn
idea CT pIeascd i. one of II, -, n,m,hi.t 49,
frfcucd to. B,t M. ts :nnt ~. .s,s.s
7h,rc H. 1nvrrr tn,. on. nh.s. - ~. oue.s .e.a-
thai mrst a,tr.tI the ,.,.nt,on =, ,h,n,,.a ,,ss
pie, With /, th.t ,r7y lars, n,ono,,,n, - ~.
] nos. ,,s,"na1y nuo d.nctrnus nnrn-,sI .eh-r,+.
that hare disturbed the ouu,tc m,rd srr .n,rr ~
on thls enc crfu1-GAet ffool rzacfo<nf tos -.,,-
eaitt. There re not zu1ht. k,.,, men ~ ~,
! trtp hts psrtirnar error on the enntr.,v ,h.-
ere The most lLleu,e thtnte.n-1cecca th.-
think TOO msthl Bat they iure,t,o,fe -,,oI,
rega,o 10 expcrItuec. and re1xo, w,,no,t ~ 49,,
at -eLecl Of common sen,e rtrr ~. ssr..
lct - thss. II &c .r,uine them too e1o.r,v ,hr~
mrctar,ly dt.tolYe ara d-,,,n..r, n ~ ~
out IL ih. nigh, AID ID r ?, the s,.., th.v
| ecGm st4adiast. u they srr. tu, II va al "A,
areadi w arc xmost peY,u,e-s ,h.t 49, -. ~.
| them move. II VT ,ske any common wn,a -,,.h
&c ns- hundred ttnue, cyrr> r.,. .no no- A.. -
1t aienc, the o.1st,aI idea ~. II e,nvs,rd 49,.
| n'rht. .nd Ne haw a eenfu,ea sans ~ .n.,..
| toll u.iuue and mn, tron. IN its ,,,,.s 1,,.s
| 1tts that hes tie darcer ot n, -,,s.. s.,,sH
| tior u the 1tcs. of mnn.v ana ~ 49,.
| Tn.se delud-d thu, kc1s 1esd thc nr,h,rEtns
A.t147. The obtuse ,n,,lie.t ~, nv 49, 49,
/ their tuhtle bp. fs1.e rta.o1,-c - ~ -. ~
be afect,d By !, in tb,t WV. m, ,he a.,n.,,
utn Of nowu aeiut, ,nno'.s saM ~
by c,iher ,rsu.nre - '.po',. "a son aaa 40
I srrrA1e1,r - 49, wv oss
| ,.tn. n ~, en,-.ss. aop. 'ae e3enAexe@hto
| H.. " -. HuieneJ n1ea of Inc united YER
o'c7 ol me Wno'a Commercial woflo, and TO al
! etcmJ Of legislition can chlnRe II The va:1s OF
| toe he..eg of ,he - hoi. wn-,s ~. - eaWxe
..sn.1v ..s..Ss ~ uo4o "o''o. ta-u my mike
,o,. . ..s.ea pape1 - oe'ttsale md hese-
Ttc local Money m.rket exhtb.,s w.. ,,.,.
change ftcm the cond,tor ~ '. :, 80 n,ne
1 Ii a.y-i, /, n ~ az. - toe1c
| 10 Tue otteet'on OF Increased Ease.
ba!a1 CT to mercantile accounts ara tncrezsinpn 4
lla!e. 1no, II & class, wkolesSie merchants ARA
not borrowing much. Thc,e ia hous..r :, :.
ufe trmnnh.r IN otha, S...s,1ss." :, - .e'
~. 4.to I'm otnes cep1tnents Of trade,
VIII eonc 1ttte1uoEs Of borrowing to carr
Et1n tnd pfoy1s1ors, 70 II II ito dem and IL fntv
tQoal TO the ability Of the o.nt1 to loan. Hiss
80 ptee ~ .ue ss9FeH oal they are DUO
ofc 10 tne e1Ade OF ihe paper than 10 tho Acarciy
.rbrro ~ s,ilI r,,.,r.,.h1. eN...-.
hon, the country. md rfrrr i. IN h,,.a ~,
on. the bA1aaee bowe1er. n IN f,vo, ~ ~. ~.
| S1cbaersv..v.,t. ~ -. s.- ~ "s e.'