, 1870-03-10


eral. vtt1 respectfully, Jour S,ed:ens ,e.vsa',
JAa. a. HAkDIR,
IL9PsEkuE Gslek2L
The srNArE:s FINANCIAL
SCHEME.
Letter from Amnsa Walker In tho
ChicnEo Advance Of Marcn 1G.
WASHINGTON, Feb. g, 1910.
The sction Of tie present Caparess viii oecide
the tLsnc,sl deassy u The na:,on .cr long TINS
to come. 1t Il now nearly dve yeafa stcce ne re-
turn 0! peace, sud the country has arrived at thsk
point tom = h!ch II nrst take a deeattute e,tncr
a aresnrn 10 specie payments. OF toward atartnsf
expat sion OF the cn11ercJ, ultimate ohnftu7scy
ana 1epudta'ion. The members of coogfsss foel
mees nee % snen constlsGents On The question ot the,r
1e elect on-t1e nott roonenssas OF I'll auestiaa4
10 the rcpsesen,at7e-ani thay are destno1s %
tat1s wplen snall be satisfactory. Msac:
,ne Senate already. tnas sore ,Aoat sas
penis6ie. But what sna:i they Be: Ths bill
which h1S passed the Se0ue- aad Is ooE oe{ose
saa s.9 9oqs se q os; 81 rs:. as ..u (
policy, that Is 10 te ,nAuRu1a:eti Tae bill is but
i l'e4ue OF ttnpo1izina ezpesientA II meets the
proposes measores grtjudic,al 70 every nation Il
i1t<reAI Tae South, It was Argued IN the 5erate,
"hal not It's saals Of bAnk circulation" Ttns.
i.Fcc Ct a Fill further amount OF ttre1 ee:usbae
paper money. when the country nss stsead. sNtoa
= ca a.9 e r.
snennt 6 cl1eala:lon,- ,-ta1lns from sho.a
+. Se'ss g 10: the:e IT. s se1
a1e mlll,ols Of new notea 40 70 he puE
ont. Tan y done becanse -, Rrsxs ssd a. ha;nsa
haYe the yutplrs rotee, xtnce, II compelled to VITA
orsw tteu, it will Interrupt and inlarn hua!aese :"
Not BIT q r a.d Senator's oasns TO 11o* T. X 20
nta:ate neren& 10 those s,a,es from snicn tne
SURPLUS u to b takeu- Hox ao. Let ~ take
equa1 dlst11nutioo u uade. SEE n1u.t give 10 Dlne-
teen ull1ions Of her ptezenk clrcuianon- Wooid
that Netk pia 70 re- @ e1saaa:; snd ',o mano,te
cicu1attoK they can xet back trou the 1res.1fJ
t! c LHentJ-oLd mltcns Ct bonds theJ deposited to
S. pereea. 1er pleiu, n,es wi siye .ne - a.
tweLty-tour ral1,ons Of eapi. al. sohd. perna~
nent capltat which they can Tim lend 70 tae.r
mele crt dit, IN the snaps Ct bank notes. which
they nau loan item, aud which t1e 1tAnle to b
withdraw Whenertr the hants aye called up %
10 redeem then, stoEes cr l8ter they certainly
viii be StcA viii b the 5tsHN to te oUsictss man
Of Aaa&aetusetls and il NIL II ths soMs IN every
state rpm Nn!en n IT, s5ses5 q ssai.oa
larae amount OF &C ual capital no ioaoed "a tbs
RoFtfLMett: s1d 5eL !et u teooNec3t 1ae oecAto
Of The Unlted States declines to eq1st1s the or.
eplfuon % The ground that It would greatly ld1uEs
cess shosid be soten!
But me Eoat hot1ee1o:e afd oolecnonaoo Pro.
vision IN this lenaftaolt Dill Ia coniA1ceu IN tue
| foEr.h section which provides that "aDT asiocta-
I Non" which depcst.s the bosds Of tne GovesREeos
| nay receive 90 per cent Ct "cotu notes upan sna
| rEoured to keeo IS per cent OF CO n upoo thelt
| c rcu ation for the Iedeup;ion OF the.r potex,
n M ~ investing Sl5xs O0a IN sn5ds 80 ~, h.
| = cnio Eotes y mar re nhsntnns. ~ ;nyrst,ne
saa IN, cf those ID rotr she nank NAV nrnceet h.
" .Grn nr,t ~ ans ine eove11mene etrds1 gn.rs,t.ss
rhst ali ,hfae nnfra ssaIi bc paid in cain on de.
| mani arft nays thsn1 mi 3n:e;est On Tia bad,
asnntttas 4 '13 - @. ~--
! Tns non& NAV On fu,tber md mako 1oans IN ,na
form Of deoosia, 81 tne,e TOO Vii o. psiablc IN
nnit 4rcHrh ;nvstHa.a1h nnrarnrcnnt o3s.s ~.
gu!u, aug tAeae 'oe s"e~ ~
| Snnnir Ihraa q rea, hant.., nrp,a.a 40 s7rraxv