davidaulloa/AmericanStories huggingface dataset:
, 1870-03-05

satpts 4. tnd nocsal letters, ha.e heen rsham'ttsd
under cover q Ifauf, 4nd afterxsrd rstnEBaa 70
ttao Dead Lsttss omce, aArlng Jailed so;sesea the
IL uosF hf tness case1 it IL srue, ,na. the fsaats
have ce*a A.s1taintd to os forger:e', on. not nn-
Die snd souoeunes treble carriage, aud often 70
frequent At d tedious mat1paltionA
The pfncuco Of fttuf1lnR Don.dettVcled letters
sl1huc1h Attended thus far VITA tne most s2a.txc-
tor5 general Eeanltf, st1 further tnpedes tho Dc
secuon Of fsAudulstt fraaka: lcr when s1e psckxxe
u sent 10 The peftOu Wbo.e frank haa heeh uplAE-
fully 1leh this evidence OF the fraud 10 tx QuoutJ
destroyed. instead Of being re:uroed to the de-
pn1tnenr w*tn tho Dano Ct .he or+ufeE. No
amoun, OF iab3r ar tnduk+r7 Eonld o1ahs1the de-
plrmetL to present facts Ia detstl Al 10 traldS uu
der coter Of The rAtkrn9 privilege. 1t eoald nos be
dane, sven 4 ths Pit onten Depa1tmen 20: snoaid
"a 1rHs As tbs entire force Of special sRen6 now
II rs oonnAtd- At tho atssDpt Eoald tuyo.ve ;
continuous contest With N 1ho are enu led to ex-
efrsse tue privilege. Il t1e fasts Of rsch partlc1~
lar cue coo1d be ascastatned, remedies c,uid be
spplied. aed il Kootd lnaa nrly % NECESSARY TO
stJo,m the frarkiDg pElytleze. Tne aJstou !tself
With ptcmisa Of iEpnn1sy. And hence Re paAt
what have alrrtdT satd IN The language ot eu-
other, "The1e Is no middle ground bat Heen no
lf11 kuS and ocnnd1t - ff1nk1rg-"
Although unable 70 e!Te facts IN detail. 1t Il Jet
nunrleua ttss tho frauds N1lcn have naen pe9pe.
t1ated urdeS cover Of 1he f1nnking privilege have
been eoozmou1 Bestaes tnn cases mens oned
above, when arc Continually occurring, nopa l
msy bo permitted, without oneuce, to STATE snpt
III slaes Of excited political camp aigas, tna va1:-
ous parties hsTe not heaitA.cd TO employ It to
tsauAmit Whatever Of pffated nartes t1eT m.y
have Wltned to disseminate. Tnis Practice has
gro = 4 Ito bid custom, which can only % aoo-
lahed by repeating tht pstrlege under which 1t
an happy, however, to be able to ssy TIM: M
DEF the recent agitation for rne repeA Of tue
SranktrE privilege lne:e hxE been great increase
in the AMOUNT Of postage stamps a1d stamped co.
velopes ordered At Issued fos the month Of Jau.
, 1870-03-05

by wulisa Pa, nhss: :ms, ss.saeas
Of tho ablea.; eeononk4A, sasasmsn,; ma
lesislasors, as ehespsr, isds4, I'd kiser fh.n
ali othHs. Andsha4 bs4n found IN 'pz.o.,
doo that very Largo humber 81 people In
every country prefer that kind Of invest
menk But it has not apparently received
momsnts thought at the hands Of
Congress- OF the Secretary Of the
Treasury. On tho contrary, tho orudi-
tlea aud dangers Of tho. bond systsm,
with principal OF one or two thousand
millions coming duo every few ysa1s, and
with .the constantly: recurring neces+
sity Of feappearing in the markets Of
the world to borrow over again the sann
debt, Or PAY the national creditor bonns
fw giving up hia old bond and taking q
new ue,-this Is tho crude plan by which
secrstuJ Boutwell, and Benator, Sherman
hope to have greatness thruzt upon them.
II required to negotiate the 1ow-interest
bonds at par, the bill will grsoiously permit
an iupossibi1ity. II allowed to sell them
at discretion, it will increase our debt, both
principal and interest, BY mauy millions.
, 1870-03-05

traet, near abrdge which croases deep creat.
ard ! HAtcn var greatly swollen by tue into ra,oE
An oTdEasy pAsac1Rff car fol:owe1 tne smoking
CAT, and afro nm OF tho track, while saa dTst
A.edptpR car-in Wh'ca were seated Mrs.. 6oa:r y d.
dons 0ne cathEaud tctrcss}. her huAoaa1 {at.
Scott 6Iddonfl, aer n Nh, Aad nre otler passan.
GER, bealdes thd c"rductor-bezsn TO "onnp
shout" 10 feaTfui nnnn-r. csusrx Tho pAasen-
gafs TO st2St up ID a6nxnt. T~eu yards from
the of dze III 8 car also "dsw" tne srask. Toa
hTaEtnnu ps~mptjy appl1et hts braka. nus It
sst MI q 10 be po~'r'r.s, tho osssenkees orased
thtmbelves sgainst the sidea OF tho r uatt tas
bridge usf rescheu, sh-n 'ho ear m .fo = sud.
den plnrRe over the bridge, and nj wers Of
By ursctes:t1e car cargnt on the tr:dae ard
huEg ttlf over, one Of tot4 enfa yearly eoucnllR
the wa'er Of the rreef. Ons OF the oas.euKtFp,
whose ZANE Fe did not learn. v1s shro4u into
tito Ente1, but fortunately he saved ntuseu By
6wlnn ir1 the cret X
Tne other psststgess went promptly TO WORK to
ycscne those Hho ere Ia The cur which Wa
ha1 ci1X ever tnr bridge. THIS tces did b, break
tnx IA The car aud dfsExt'R them on. Mrh aco
doors auttalEea ses. ral anght III :rtes 1od her
husnat allo received few hyutsas Of ! tr:n.ne
character. The olher paseetaer1 foruns ely
escaped unfrjuied. rhe cas mas : 70 ID dual
dsnaged, and Ea1 10 he LETT behlnd At tha scspe
q 'he accident, sid ,ae tratu Gina % at rf7nt 10
Glenadss ihe pasaeug' "a Arriving 10 this II YES
te11sy Morning.
, 1870-03-05

Representative Hoar, Of Massachusetts,
has introduced bill TO establish national
systom Of education. He proposes to mp
point one State Superintendent Of Schools
N each State, one Assistant Superintendent
in each Congressional District, and one
local Superintendent in each School District.
Schools are 10 be established in each dis
trics, to enable every child to attend;
school houses ARC to be built, purchased,
OF hired. Each State Superintendent is to
purchase ali the books and stationery, and
shall make his own selections, and deliver
them to the children 1t cost. Teachers are
to BIS employed. These schools a1u to be
supported by direct tax, to b apportioued
By population and collected by an assess-
ment upon the property within each State.
Il any State shall prefer to establish and
maintain its own schools, and shall do 50,
1t shall be exempt from The operations Of
the act.
The obvious purpose Of this act is 10 as-
ford some p1ete1t for building up at Wash
ington department Of education, and to
Pe1patuate in Office a fosoe Of men who
really have no duties to perform One of
tho most diticui. things for Congress to do
is to aboliah uselass Office, aud its re>ant
vote to continue the Bureau Of Education is
evidenee Of the adhesive power OF barns.
cles when they hare once fastened tham-
selvea On the public treasury. -.
, 1870-03-05

n, >*S7iap.h >slsee1a >es s~t,za1sna> has, '
,e1esy rtspse1, attained fsss,sz Developments taan
u ~, at.t7 essope.a pass: Ia;Bslstuh 70
::,s t' ass9n ;ns ,'9t. ose
i,sn,f; .&ie Eunbes Of >ueassgeb rtaened only
sas In tho ehz 1sea-osinx eqaal 10 8.e1.
aes OF ai8 nestax.e to every 1000 innanttsnte1-
Vh,le Switzerland. with = population barely e1-
ceedlng 500 COO, produced llt3 t23 rexsages, o.,
II t11sed sboyr, an average Of AL.
Tm.t thtng1 encourage m 10 90 OF Gud Krsdo
ne poor NINA pos. .tosd.-tns wire. Al tn Al
sE1rzeriArd d, the ouly rpuouc n Europe, Is Rne1d
Of tho tugdors, ne Ahau lead al the Republics
In Ing the lightning. :. Gkru. ,
, 1870-03-05

, irr. s11tr'r there JestsTdsy nasriuG Ii. NaAs
j q 80 ideEt Hen the horteA Al Hi. La1is,
B.se1sl tddltsotI1 Interesting ch&oter4 Of ,b,a
Tragic ca edy viii probably uzusptra Ia . feF
QAtb uofa.
The two torser wire found IN the possession If
ne yooIE uau lase pm Tuttlt, ae Vensea u4y'ny
he ide1tlata pJ George Lewis nf
Er~ftor, H.. a. e:o.en frnn hin on the II NJ
FehEusl,. Tu'Eo was last eveninR a,re.t ID I ma
ehJ oe : ehsrAa Of bslIR fngiuYe from jasucs
LON ILL OLE. ~
, 1870-03-05
aEAl sSTA1E.

MIantee oeeds, conveying city and euonros
piopsf3! Within seven miles Of tho Coort Hons
n.ea 1or record On Friday, March 4:
~. ae e. K.s As5f # Il Of Esau AZ, I, so11eo
A9ssG'9 IS i s:a cor Of sa0srrss aixx ~
cor:Rs Glo,s y; : cor 81 Doss:; 1i;c;.. s'a<
Third ", 10 /. ! Of T Hsr4tsnn Il 81.
$40 It; March 1,.,...' SS14h
B9sa,a u: n ,ss s Of swift piaes, Il, ak 81
nx,s,nn = u :. ~ 80 Is:
Solta CLARK Il, v eor Of EIm II, II, ia5x o.
Eopsh ~ Mos r. lsSs :; 1000
s7a x1saE It: Fen. a1,...---........... 6,
ss1,1 DtaIreR q; IS IT = of Indiana a. 81, ~'
Rnsn n "a ftetn Of Cedar q, !. a,to
a'!3.as:e j: ass? :. a xd11:;s K ; ss
RI. son ~. lis r. Of Ei;rn, r,.S;.:,-.. 800
lis Il: March h2.......-..-..'.' y ox ~,
spree i 81; II oi Isain T. II, N1iiiE 'os
E:sto1 road. 10 i: oi ''w1ss;,; wss.ns;;.:., 50
aprssa Ta1.a s., sansof Taylor ii, ss11oa 1''o
' xoxra oY c;1v 49,. s,sa
"nsnsreoF 1s:f,: een ~ = Of hac'ae ROAD, La4x
piiss9'ss 10 T. Il '2s soans: :: s:;ss sS;ssa
on conrt, GO It of Kac;pe road .r1 ;.s ESQ
Sol Di'e9aey u, Z. sox1l0 It; jar y or,
Ev.r. ~ am soIIa !, OF CITY LA1Ta ~
issn; s1t; aAo, LanRIeY 1t, so t. : nf M
en.. sssa y, e I. 4oxl.1 It; Fsh, IL. ~ YAK y,
ma aais e .; q A.: -: Y cog Of F,tsy.atsn 81,
M.cbs N ~, 1taE 4 Eep. ef 20 ..-:....: 1o.oot
A343A'7f r: Dec :, 1stg. ~,
p,,-, *ksr 0F OLD CITY Ltx11a 4''a'
h3nI Folns rcsd, y cor ofnex c,tv
West Jaesaon, ses9 81 +; & pse. :, lssa.-:. 1.so
~ 1.lo II; March h3.....,,..'. an
kea, H.,aS = II 1t OF rall1c1d, q I, 9aIl25 Il:
, 1870-03-05

d1n cadSa1ladef Washb1rn, 10 whom An H.
deoted for tho above taole-uow trss pnol'snei-
h4s Aiso gtTen ne soue notes upon fore,en te4e.
g1sph'nx.
In Belgium the entire out1ay Of 343., ,ots for tee,
graph material has been gradually recorered by
the e1cesa OF 1ne receipts over tbs expenditure.
Bat this u not N. It Tho close Of the ve.r 1ss-
tnere remained 4 surplus On had aropnttrr n
shout f15o, ,oeo.
Sweden. bJ the postal selegraphia sJstem. $heza
tes profit Of 3tsl and Is 70 respectively, for each
n.1a Of tslepaphlo line IN operation Fof 10 centn
amessagn Il s1ansniiked nom ono past 70 aty
otheE OF Switzerland, while u ueattT
tre1y Ppgs ONES, est1 In reno.e
localities, . telegraph STATEN u attached.
, 1870-03-05

The fall Of gold, yesterday, from lie, the
very lowest quotation of the day before, to
11oA, closing at l135, is the heaviest tumble
it has yet received, indicating an advance
Of greenbAe}B from 81 cents, temporarily, to
50, closing at ss4 in gold value. At these
figures silver will foE in from Canada in
large quantities, and tond still further to
wcaken the prospect that the large amount
OF gold still bsing carried By the New York
msAashh.. mssAashh.ats Ei!l hold syen It's present pre-
~hieh is regarded rs the chief lever in
bringing about this plethora Of gold, show
that less than half that crop has get gone for
ward. An influence which has been ade-
quate to reduce the gold premium within
few months one-haN seems to have az
pended but one-half its energy. As the 1e-
malnder ofthe cotton crop comes forward
within the next three months, continued
decline Is confidently counted upon. In-
stead Of exporting specie, We have
actually been importing specie
at New York since the LIST Of January,
at the rate Of nearly 9oo ,0Oo, 600 per month.
Every influence seems to conspfro to hasten
.ho orn,,arh of ,raanbact,u =, ,,.,.,a *.
.a.saea ~ hanaa ~ - . $500. :. pax o1o WIG
~ ...s.,,t ~. o.as.t;e.
- ttas. -rho fa1 ~ anr~o,;sts ' 49,. 900 @
,1nrd,n,s N rea, 4nna1 Eh;sh 40. - ,..1 .ue
x;o1;1n III III, c,,not e. - - = g.ea-
ns.;od n.1a ~ ~ -nona- - s.,-.s ~. ny 'el3 Ions
F.' l9saas,',.1.. .-o .a,sa - .ol' -,
no15 40 ,hsv ~ 49, ~ - VIZ
s,1-e, ua .h,,i ho-. -as, .. s"a..r ~
~ ,ha crr-an,v ~ conn 1900 ~ ~ =. ~,
tho aroet ~ wh,,h ~ r'1,soo,o hso ". ~ kom'
,rtinc md heal,bv ~. 49, ea.e 49, 1''so'
,,i.,sir fo1,or;na ~ -: I a.s - Au11oe-
,s.msn,s ,nd tSa -st.M - ay. ~, ~ spesso
i,t,o, in 1901 ws-s 49, ~ So =. s1su-
:, ,bnrd,,,a ne ,se1a- o 80 . ~ su'n
~ oo,fdanoa ~ s,,:.a a aeon
.-,.. 80 a-.sS .ao, 4ss
s;no,,- .,seea,,e - 0 ~ ~ - .o-f Ato Ao.''
49, 49,. ~ 1a1s ou Ar.a, eaaseo os
o.e;,- ara;a - e ,o "..ou Nc anAS
" h.sa e1no ~ oon ,u'o ~ - .ees aAAn'lo'
49,. .o1s I seo'~oS'ooo - pApo1 eoi-
~ ni,;oh ~ ~. -1.., pns po"e1
So ~, eaa N @A AeooattJ oeeA over
, 1870-03-05
ao,a5$4
71A53l.@
2a
s9.sl,o7o
{ea11m'o) <O,@2, s@t
tessimd>tss, ,mncW
$162sstAltl
% ffnf1
20 cent?

1efeLue 70 each person In khe United States be ag
efeAt ~ The number Of letteEs aud the revenue 70
eAch person In 1c United ktExdom7 II thor
we're 30, tne Rross postal receipls OF the United
Stat<R would nAve amounted In 1885 to f30 ,Ga3
EoatiJ double the actuzl receipts for shBt year
belleve Lii celelJ that the tlme has come to At
vice worthy Of cur country aud pcop'e. believe
vim equal A1cetity tnas t1ese reforms canrot b
made wnilc TIC 5FAnklug privilege Ii allo red %
coplt1re. Hence most earnestly feaex nv
recommends alton for Its repeal
Doubtless measure Of 20 mueh Importance
naJ be 82feiy committed to N enlghtene ed and
patriotic ConRrtKz.
I AZ. very respectfully, your ohedlens Ecryant
JG0. a. J. CREBwK1L
Postmaster General
, 1870-03-05

intstes4 In eove,ur,nsns WI paving VA. Isss
thsn 81 per .oe.& H,d hs offered 10 por
cent unr bond, vonIa ba,o sold at or atovo !
p.r; our 1ea,l4ouder ou1.unoy (which has
At nj Hrnea kspt nj the asmevsIne a. our
boa,ds: less about ons yesr'a in4ersst) would
b.yo rnnsinad yeyv nearly st psr. AID: in
sss,d Of aocumulatinR q uationa! debt.
which amounted Qunded and aoating) at
ons tins 10 g, soo, ,o00, 900, our debt would
h.yo represerted at It's highest point only
the actual amount borrowed, viz. about
Fl, 800, ,o0o, 600, which ths psymsuts made
kince August l, 1866, would have '1eddosd
to $700, ,oo0, 900, instead Of g., zoo, ,0oo, 600.
tho present figure. Then, iuuedistaiy on
~ 1ea VI penee' mo conversion Of 10
- - N..Ala ~ 80 AF1lo aase oeen easy
~ u1 u'~ nase SUI 1ut1aef re-
oocsu tae interest," 90 as % be paying 6 or5
PEI o*'ns oa- S1VVsoUo'ooo, instead OF the
ptss:ns ~ a!s5ago 1a!e OF y. per cent on
S@tS"'oeu,ubs oes1oes naF1pg long since
1seoaeo spe"e pa5nents' ana spared the
country the heavy tax Of deprecated cur
fency. -
In fact, the blunder into Rhich England
groped for want Of u precedent, the dnan-
cial statesmen of our own war period imi.
tated on la1ger scale, and with moro ex-
pensive resulr. Il. as Mr. Mccnlloch
estimates, England is now paying one
fourth moro annual interest on her
patioral debt than she ought to, as hsr
penalty for the cheap hypocrisy Of pre-
tending to borrow at 8 per cent, when she
could really only borrow at 6, 50 do we
also now pay interest On three times as
large principal as va should have done,
, 1870-03-05
Accident No. ON the M1.sas4ippl
Central Railroad.

ffoH "s at7xphH t7k1n,} Atai1neht, Fs1. It,
% II NJ 4sstaseas Of yesterday no1uina brtef
-, ~ ~ nA Raou&aed Of, terrible rzlru&d acct-
!o.u. = & Ha1cn petween fifteen and twenty pe,aoQs
sesea.9 .s a1fa at;s1 snaa xss nann ot psssen1ers
isr .ss ~ aEso- Accidents Of ftRhIul CHARGE
nc psrfent nne smother hayfrx occurred on the
etse esnt o. InnDtay. shots dtstzoce nom D1rant
the1ea1l4 pazaenxes inn. ca Ta.tt noIsn. Tas
~ I'm E1a psoc<edtrQ At tho nsasl fate.
~ ~ EMa tna pas1cTEe1 Ee1s ia ore ot
- - 11EpfnN -E1I1 en1zxrd In d1cusTuE
Lae ,palncrlsfa received W tha EltTto3e
sce3eehs OF TIE preeedlns dxy, aboos oflocS As
n12ok The hscntR car Of tac train rAo CD thu
, 1870-03-05


Al 4 meeting. on TUESDAY, Of the Director of
tho St Iou1a, JAcfsonvtlls i Chicago Railway
Company, resolution waa adopted ID favor Of
sne sale Of tho Dwight Tenora Branch to The
Chicago i Alton Rosd.
Captain 1csssh E R,eaasoson, Treasurer of
Wtnoenaso County, died u Pueblo, Cot. on the
ssh nli- aged IS 3eafs. Ho serTed, d11ing the
Eighth 11Eo7a Cavity, End subsequently u Ad-
jutart Ct The Eighth United Stases Coloted Iu-
rsnuy.
The Sparta Eaoss says: asoue ume last fau. 4
gh1. ftatdtnE IN Tho family ii MI. D. Il. Smith the
welfnoWr paper m1u, In Ntoleus rs OF anger
suddenly Lost her yoee, and tor months vas to.sly
unable to speak = word, SevssA pnJn!ctkrs were
called n, but thar remedies usre In vain, and the
the lbseEoe OF the onthe faMnyt etoopt tho TEtn
the houfe took fre, doing damage to tas extent Of
S1ea. The R1l wss naturally much Alarmed Rod
excited. but since that une Ahe h1a recovered her
voioe, and to-day aptak1 = 1uently and rapidly
II ayer"
The lAst Plymouth Rtpub1ieaa xzys: The
quo b<Avtr ease soes over until tbs next term Of
court Wheeler has not aoceps&d ban, and Ii ao-
from rowr."
HcHoAn.
INA product OF the National Copper Nlne for
FehtusfJ VA II tons 1,o0e ID 1t Il reported TIA.
aEothef sere1A- hu1t11ed-tn m1ss hAa been uaA1
IN the Pheenix Etne.
N1EEso7A. 70"
Tie Rochester Po1 Say1 that Jeeae Witt r.
m externTe dtalef N agricultural implements IN
Hocheste1, AAS gone tuto bankruptcy. Nj. Whie
has been ooH pelled 70 this o. account Of the In
poarbNity of making eollecsto1a On tho lssre
anonnt Of noEea IN nts handLj Hla assets ore
, 1870-03-05
THR FuHDIHa Bill.

- A.. r.1: ~, I'm -:
49, O. .a:.,' - 80 -, ''sn e1Auee :, ."'te sne
fate a. which the proposed " OF per
cent bonds ara to be negotiated, to the
terms now prescribed, VIZ, par il gold, or
for the dye-tyeutiea. dollar for f1o1lsr il
cannot do much harm, except in 30 fat as
it mav cast d;scrcdit nnon tho avixt;1o, on
80, ~ ts oloa tne eAie'4uk o--o
trra-of tb;r f,,a;,,, e,h,,,. :; 81 ,,1.
IoAo .uouns eenenne Is W pace
particular emphasis on the fact that the
cation being That the existing bonds are not
30 payable. This implication is relied on
~ ~, ealu eANeul ~ 2uaaee .ne nola1s VI
inc loser ,at. ~ ;ntn,.... i. IL t,,. .rv,.
rro,s e. tane 49, y. ~. -,:t - 49,.
to induce thc 1nh1ic to 1end hin mon.r ~ S-ara on
.,,o~a ta-,.,t,ie -.
"p,e ms. iH.oseoae 'aae .s; rs!"s s.
:, D 'a.o oa' "a '''"'
there are reAsons to feSr that when pres-
fure Of European and American brokers
and jpbbers Retz behind tbs bill. the itch.
ing 10 get hold OF the brokers' commissions,
amounting 10 tvelye rnillions ~ dol1a,s for
$50. :, 80 - -.
,,o1nent,7no In admit ~ st,;l;ro mi .,,;e al
.loineu'uun ~ 1onos ol suiAanB out su1s all
important clause, and leaving the Secretary
:, deta-,r;1.. +ha r,ta. ~ rh;,,, an ,,,ro~l
-" "N4-.. sAo ~
interest hocds Snail be negotiated ANY
negos'as'on OF tne lo~eE-lnterest bonds
oe'o~ par and especially at
Ia'es corresponding 10 ehe reduction OF
'ne nominal interest, would DO an cnor-
roos cala"'ts' As 1t not only would not
enecs any feal reduction o. interest. now,
ou ~. soala @ 1 iaim sn mso1e.aole 9' Obstacle to
10y u saeu .suus'''n tot AZ t1'''e 70 eone.
- y. a.taPn. np.aaAa0a anu ansssnee ol 'oe tol's
~. ~ s ,a.sA.e. ~ .uuo ~ ueos ~ q lower
49, ,a.5s ~ :. 80. aa ~ "A1 oeat' . sen'ng
- ~ oo1os W .He Pf,ne'pal.
-. ~. ss' m, ". L. aaeeul-
a nna r.ss,,so 49, - T.1.;an Ds' ~ ~ lsze oie,
S1e,an, .oaA.-a. ~ o r ~ W. o'1o'n9
rm,.ng ,n. 49,. =, <r,v,,1, ~ rr1 ~ ~ .,, a.
interest stipulated 70. ioa1s NJ ve15 i 1aS'oas. s
M 81 eSss e I.1,tng ,1a
upon re lo.n .eoardtne Q tae sssse Of tne money
va Eenss axed q s1ise or tnrte snd a. nsf
Pes cent; ne neesssy sasaton. beng mate y
, 1870-03-05
Silver FOE CHANGE.

few IN this city, have advertised that ttsy
will pay silver rs change, in place Of frac-
honh currency, to thoir customers OF
course this in device to attract custom.
but it serves to illustrate practically hox
near We are to specie payments. Silver is
quoted BY broken in New York at 95 as
compared with gold Gresnbscka were
yesterday worth 50 csnts as COM
pared with gold. The differ
enco, therefore, between ereenbacks
and silver coin WIS only cents; and, inas-
much as only fractions Of dollar would
be called for IN making ohange, it is easy
to see how retailers could afford to pay
silver, If thereby they could att1act an
unusunl amount Of custom,
The gold and silver coinage OF the
United statea were originally fixed by Law
(act Of April 9, 1899, at to l5-one pound
Of pure gold being declared equal in al
payments to fifteen pounds Of pure silver.
This wAa an undervaluation of gold:
and, under the operation of the
law, the gold went to foreign countries. or
into the melting-pot, it being worth more
&c ,e,c ~ 49, ..s.sal @ 80 '.;ss ~ ..,.-s ty' ~
.t1.o7c r,,;s .-., =. - -.5s.-.,...:.. ~
silver tthe trus standard being about Il to
l54) and the latter went ont Of the ooun-
Try very soon after it came from the mint,
In 1887 the silver dolla1 WIS reduced from
41G grains Of pure silver to 4lot grains,
an ana Inc iesset COLES IN Inc same proportion.
in,s was sun an "noe1'a1uasaon OF snsef'
ana ~ eon.,noeo 10 ieave lne country N
aoo' aooo 'uo sllses onai ~ was te>1ae*a asun'
-wz grams 70 ASs gtsahs' ous tae
9u'ef oouat faaueu unenAngeo-
IN. .s Ms'e. snu .o1"a a..s ~. eet.Aa susel
e1.ar lna. s4Ppe.e. e. @ .,e sn'ue' oelus wol.n
- ~ S--D" N "1 -'' - = e.1st 10. s~.S ai5ts. a5is
lar-. The dehasemeut Of the silver coinage
of denominations less than one dollar WIS
made expressly for lhe purpose OF retaining
1t IN tho country, and, up to the time of the
suspension of specie payments, and, indeed,
Tor several months after That event, It had
that effect.
Dur1ng the war, when paper money BE-.
came deprecated, the silver coinage d the
| United States was WlthdraWn from clrcula-
ton, and has found its way In large
amounfa TO canada' where, bong eompasa.
uSely oeoaseo coan' )" is sega1ueo aud
ssea1ea ~ no'Sance We Aa7e some
soo,vv.ouo u !ias'iona' paper currency IN
;..-as"ss I neen largely
~ 49, ~. o ~ ueaee
! ' ,', 49, 'ue nao clipalase
euAe, oaI e'sn.aAa'y Tue puoHc must aus-
taan Inc 1osa OF Inc counte11e1a. Gold yes
terday touched ll2f. GEeenbacks arc
worth 80 cents in gold, and 94 in silver
coin. When greenbaeks shall have ad-
vanced to the value Of Rlrer coin. the
latter viii come into general circulation,
unless it is kept back by the presence Of
more deprecated currency like the
nickel eoins. The longer continuance
OF the fractional notes can servo
no practical use, other than to keep
the silver coin out, and to afford counter
feitefs p1ot1acted harvest. II Congress
| would order that no mora functional GuY
, 1870-03-05

ea0s =. - =
fn1s,ouo nsnee1a q Ine pfe1ent Congress
netseo W we w ny uul1nH koe leeelion.
~ 1Meu .aaa sonA Z. 6feck1nifdgs Aaoout to
IAe - eaNotlA casEe OK one o. tho Lexington
et - 30 I.,pss p,
..... .s.e, ~, w 1nesoay tAst INC UeH1-
~. naens,'e... .ae Mas" .ao one A1defmaa and
n.. A.ee 0due1neu.
.,a".Ds "eao'9ss hepen4scan, hAa been
S'es1eu Mesot o. SeiaeJsille, III, over Judge
oosepa w. ee"''' oemoe1at, oJ tn1syfouf nh5or-
ny. .......
mas convention Of the Republicans Of North
CAROLINA u called By tho State CentsM Committee,
TO be held In Raleigh, May II. TIE committee
, 1870-03-05

VT me Masain2.on correspondent or the Lordsa
r..1. .. ~ Ire1!!J r}eased With Pr!uca Artncfis
,te 10 1ne capital mp, Ia referenc. to ne lecen
~. Aun y ltIefN snernan, sayx: II VA parucaL
,sa NY suuek Et!h the xe1kbred Ais disal1Jed bT
w ruG.e Rsasnt N regard to the d:xurRQisaed III.
nct. haHe the curiosity 70 res hin a. not ds,
ga.seo. mere vas = tstA shlecee Ct any OF tast
RatEn aEd seTa ohlmE 1htch, I I'm Forfy to ssy'
nay often be seen in Europa anoe9 nartrne - ~
ought TO lIoF great ceal better" u"
, 1870-03-05
SATURDAY, MARoa- 8, 1870.


The Sunday Trsbunce
TIE TRnrN1 Of tomorrow VII, II pxnal II
this SEASON, bo crowded with Advertisements,
which sdyetsera a1e requested to hand In 1t n
early an no7r ~ posslnle> The readers VII end
the additional twenty columns Of reading ma.tex
u i SCrr1xxHNT.
, 1870-03-05

We publish elsewhere an extract from
the report of the Insurance Department Of
Missouri, showing the progress made In
that Stats in reforming tho mutual insu1-
ancs business- The business bad, prior to
the organization OF tho department, fallen
mainly into the hands Of irresponsible ad-
ventursrs, who, being unchecked by any
State law or possibility Of loss to them
sslves, ran the business a. a mere system Of
petty swindling, though few responsible
companies were also conducted on the mu-
tunl plan. When State department was
Organized, and they were called on to make
G6ie Companies eilheI contested the power
of the department in the courts, OF quistly
collected Ill the funds they could and col
1apsed. Tho life companies, resident in
Missouri, are now by Law required to
deposit 100000 in Missouri State
stocks, or in wel-seaursd mortgages
on real estate, located in Missouri,
for the security of their policy-holdsrs.
Seven companies have made this deposit,
which, however, will soon become made
quate to secu1e the liabilities incurred by
their expanded business. It is an iliustra-
ton Of the tmmatuity that per,1dee insur-
ance legislation, that, while Missouri re-
quires this deposit Of her own resident COM
panies, abe, a. yet, requires no deposit Of
1ea resident companies. even though they
make 10 deposit whatever in their own
State. This oversight will doubtless be cor
rected, as the department recommends.