, 1869-02-02

oaaon aAa fFankfoft. ,Iha 6aA qk ~ u1R1H44 | !
"a sas iii ka
(eE fo1k ofsca am auns 10 $ltD, ,oo1 904 ~ua tne
sns, sSpo sse 4 ss r. qa :ssa't ssa &
rcofriGa tho f4et. icealIza thseo contracts, aad
anto1xa our neasnIes 10 th9 gradual At1aAtaentff
q Res a. e. plges s' 3. aso
MIRA IN 1ccortauee with The 8plris Of our 9oveHt
:eatratts Of the people. kslhet then undertake it
y tht arbitrary rules Of la~. ~ our neopln ara
.s,n a,se thsy ean % this Without Injury . ths
ptopstt5. tnd without any thange IN thu lutrtnsle
talae Of Property. For iAeee reasons. the Corn
hi, which lea.Iizes eod contracts, a. n indtt.
perssble preliminary to any plan for sppseeiatlng
orr currency 70 god. Thfs action has tw.ce re-
~ Importance has generally been admit,ed in
popular di.eussiops. The objecnons to this
'es9n s,s s,stsd ao91s n me Tsssmer tton 1ndiana
fot returning to ap<c1e pa3ments are twotold.,
Tho htss ia 10 1seaze specie CONTRACT to be exe-
cn:ed IN coin. IIoted ios olil ltor snas purpose
have etnce become sattsdcd 1t W&a IN error The
mw.ry would be ertleed into such contacts ~
tas e. snd those n s' Hoas shsd hs s.saa Is*1e
into It en-. No msn can aafel. make . CON |
tIses 70 be e.eeated IN eoia, s,ed Thtls salt sae
uon oi tno couttJ u anc nanng. Such contracts,
vhere net brought shout by coercion and fFsut,
would be in The natufe OF gold FAnoitnx-Sh8 ono
minIn when the corfrsct was dur, aud tho ostes
that 1t y ould C tnmand Little OF none. l. could
hardly be distinguished trora conr!ac. for the
objeclitn n Is hased upon the theory that contrac
canuos be ssselJ left 10 tho free assent OF the
R,ess ne ps1tss 1sof Se sn
creditor opp.ess the deh:of. Atr, The time 10 not
Ill ely 10 come In our day when the crafty will Ent
lests,sitsg & II 10 preteet liz aaSa7y y We ~ should
Iot for ! day permit the. e1tsteneo Of IN.
Rspsr mose NJ wse,:s1 s.d
bot11R t1asses of mankind, none has been
more cdec: ntl than that which teludes With pa
per mcneJ." The chief reason II that such pa
per EoncI is 20 anetuaung hat nons out the N.
tc,igs1t and crafty can stllmste its fluctuations.
willie the unHa.y aea1me that 1t Is equivalent 10
gold II then lee,slaie to protect tns IN.
on Inc gold bnsis. hut experience SHOWS that
the uue tasis Of CONTRACTS is the, consent
Of the parties We can 1esve the lntot-
can protects gold contract agatrst ususJ and
fraud much more essliy tnan a contract psyRble
in currency. 7 he Senator rom Indiana PROPOSES
to add to the burden Of existing contracts
an snuua! interest equivalent to twelve per
Gent, u rtqnt ing gold pawn ut In two and
matte: by cnntract thsy are not likely 10 atopt
| more eeFete measure 10 the debtor titan bis. nit
IL Ut sac to allow parties tn make contract fn
ID cnrsi q 10 b. spps. :ia,ed in coiu 10 Two and
q iali ,esrs I, ii coin cfntraeu are bfouEat
atous bJ eoettion and fraud. tbs tuufts Viii hot
Grafton for payment Of a curtenc5 cuntrsct. Il II
nsurCus and will nat he enforced. ptactlc ally.
at1 Jay tequi:inE rteumptfon Of specie pa5
mi nt& IL law adr Ing 10 tI,e anlanht Ut eIrrcnc
debt ihe full d. ptcc1slien Of the currency. uness
ynn ti'her rcale the dtbs oe alion tbs pssiies to
proposition in It DEL. naible. and mo litter Is ihe
uitJ WAY by Which The ctedluf and debtot m u
hy mutual aRfeen,ent adjust = eufrsuc, runttac
<1ttH btAAM = b
IT. eupttaeis fur liz d.},,sf, Of ad. al / cod
ttas' n eIit.neI + enl! sn,tf..t tu rsv A. Z.
XIV. lie II Jill # WIT Y !. t.,4 t.'S,s !s.'
s,S's: ;t II :sf II II y: III 1: Wss' wv,
e'ehAt HIS lAntt ipAl INV rtiah b'oIess tnhlrsal
tisp if*aa. ns,,.t q =. tt,an. asely :" t!s'., =
Wv :as& II Il so's,.s % WIZ sss ~, etsiaa.s w. b.
;; .,.. '""'$ ,,,, :s:::.:'"a y. ~. @ ., y
lIst W Ms tsa'!a,nx t", ,u.s!s psya.sh,. !. aaa
il ths !aiurI, Met nnly tuah. sp,a'e cun'rAcl
IsGt1 sHch cun'rsnt nh'1aths lilo MsJ 10 = Rnn
/ *tal ILsMap'1On. II tte1 hoG0!ns Ksndfal, H3l
n".Issa M e.. r 's o:s Tn.; 4. pts
fs eurt.esr. r., Wo d H. saoass II .p.eis 10 Il
!. spocis psYmrnts sfs Buspsndad. Il spncia en-
:, snaau ID perform anne Of ths fnaotuns oi ours
. ". II Aida ~ mach 10 Tho Yulntns Of shn ct
r | feHtJ, std ~ spGtia rt,h'fa3sa Grc7me Esnur1
= Tho rfoc rts OF resumption Ia cnmptstc. AVA
II xhils tlseio !. ths hcsi st.ad ra .f Gu euro g
! nnrtatIop, cven ,rolu hand 10 ham. 70 obt'a
d ihlp, GRIMM rc'sl ptpur. hills Of o7chanae. ntat
i aud ecftiarA Ga Of depsNit hhse huen dssIacI Il
). Into coin Inns ht Gu usuh fit rtchauraa rum h1r
4 to hRtu. Whtn jnt auth.s'su contracts IN ~
q att n,.*r domsras fue gold. yeu \. oncs anlot
II = MS a r. ~ n
i. hsaiis. fauthH then provide tho tnobs n,i,:tA
# asrtey II modern limts-s cansts!intn pap
easey :"sys sea1 )" xaao 70 eo ~ ~
"a lnrt. II II only h Fosln'iH .oltt eunifa 1tA IN
q you ran rHty aYal soul.nIt Of at ,hn mnietpis
il a'us. fpel'rf n'ansy Thea. md uot n.t.I ta.:
l., se1la ho~ i,ina ,ola n taa 1fa.'nsy.a.y.a
Il tho tssur Ut sntA notes hafsd 1pua II, a.
i. ,kus ehf'F into actual eiIcath''an, Aid Rra4
II siy bo madu to Ecf o1m aif tns usna Of mna
Ss ss' o :seioa fios's1fy e Il. t,
a which ulilxes the gld W tho tatus Of Hatd not
ID h.sed upon u. aIa lheiF application 10 the y,
eopsees m eoa q
IL izec. untsr tns Satloual iii king ~ en-. Upo.
~ t1iy-hse PER rent Of th- valun Of United Stat
x honna dsIo.i'od to sscusu their circulate
spst's sheY My e. 10 eo' se
AZ AZ p.oy,s,o.s and linitatloEr ct the Blnk,ng 4
se AaaJ Of the banks: especially N c,m neEc
n viston to VltsdtaW tier present ctrcuia1 loo a
substitute gold nGtes rycfuble on demand IL
H. cain. Win euch prayiainn. and On suc has
~ the system msJ DO Tree, aui thus all tho cnl '
hs Eaeting Queatlore about tee inequality OF the
~. trlbutun ct tho bsnksnV c!rcuiasoo Rlil pe aTo
.na apon pS:
ia all. would at once ae are to the South md y
70 new banking fact1lsle'. aud woa'd rap
ssat 1sa r 'n1sa'' iss tsaaer ssaa uosss e
nes ws,hout the ssvete process Of contract
Of The ottscttcn MADE tsat tnts would c1rase
=; pref ent stAse oi inc cuTrerey, Tor We havs !
=. Two cu11erctes OF ruequai sa1ue-gold ard i
Is. tenders. Il We ase a1nce1e IN fishing speaa +
III; III euta, ne ulpst Eot upty multiply tho ten
~ y issus coin not*e. bo,h oy he 6nffoa sstsf
H. pense WIN Ehe Of the tufes Ard deprsc,s
20 taeir no IN eommete,al cirte., thetr eotvuuAe
ne ss Fl Five inc tAe@ s''1csSs.uk heasr ereds, @ sna
=: cure them s.sfy ,,.2 par1 49, Of -,
nn. beftre epeele plJmentf ara resumso4 suhlu'
thc coin norcs feE the present circulation. and !
,ot ,oo. wtt1ou. otnlni:t,nQ ~ sEersEate .ot q
~ psohts e1oug gh to make tue requisite cepoe!
n@c @ a1otttonal boz DIS: aId the gold ceEh1csi.s
~. istu.a frum the Tres mr. might oe ussd f,r Z
o!o euin. Therr IL but oce othef consider a1ioa
10 utee IN favor Of this eect,sn Of the bill re1a
@ and oui oi tie doubt inst 1etss upon soe v.na.tl
! in tie LtRalTender Rct~ We must not forget
su. currency contracts depenus not uooo tns y
tac mcrt oi parties but entirely upon d ya!1di
nat s1d is now ccn.ea.ed b fors ,he ,up.
,ar. Ccnst. Ifeneuber vesJ 1ell tho dlseu.snn
NJ. then denied b. Jud9n co,IAuer and other
:a1s jnsists; md il vas only mal. tsined by m
,pd Il T Supporting @ arnisa tnsn Il 1a5 1sid. ii.
nf | tessy naA hung eioce ceased- There can b
tbs psetsca that As to future contacts BY iho Cs
rey that the puol,e ere1it should Ruy longer ssf'
,en, sal, material i adscss existing eoas..s'a
5r,s grave pablic neeess,t1, nox rncn the nece!
tna kas psssea1 1:mtTb: that the supreme {
wit toe 7aa.y S5 re to sst,n9
9Ss sSs tisc,s made stneo ,ts pa.ssgr. y
" s3btees currency eo1;s,' u 10 sn,ofe''
nc; tsts un ncs,.a,n, b, authorizing the adjustue
4 this D ntte4 bet ctn tne creditor and the deo
ie,n AFa,0. he lsv = ", = nov ss,ns t. gr0da'
70 uot t ento1cs i contTsci > which tbe r,srt
se e.a at ds9 "
n1ss 50 i. Il csano. 81 s.fessad. Gto.s nd pai
s e dSss y Soa
D01 .s~As - ~.
s4to 70 ICE eHk! se4uss -. ss.t n;s..- ;s-
ersi II eas xuod policy three y'Ats hgo and II
and Roou perez Eo" " ai4o" - p"ass ~ sAf
nut stc tsme "1e1Ts kuo A4ae4.s ..,
eat. ine WeuluA PeyWsn :
euro tne PehefM Lsxs . s.,s. IVA. a.;
zenR No totee. EieoHsae ~ - ... pssSSi 4.h
Ttrt HusHy 70 Eopl ~: an1 ~ ~" ss
MISC uses us1n sV.h.'neu cSH 49,
thcY snoae ta8o9s An9 1atLM * 80 - ~ Tu.ss.. 4
oHn rspxetCnto .. ~ toa ~ ,a.,ts ~ s!, ~
)ptn uuHsu ntAtss. ala taoA 80. .4.A Sttshsss
.hcif !no REio sEu loInus4 9p'S ~. - ~
thu urs. ~ ~ noW osAl nrn ne 1nu ~ s.',t -.
II. / QussHoR-tno upRt g aHen - ~ -" .kts sr.
ottc, fTacy 70 tns etAaast9 y! kv!a. sas VII Il
a In 4H4Ek42 &1OGN kQ4 4s4QE22@G0k W kAH y