New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05

aSe tho oouveytbtnty theory. yet IN svSsy lin" -
ss Been oSsa 70 S" sPe sSf be-,
10 tSs UniteS sk.A 4 sut ssrics q .a Sss.e
Community .6sa convertibiiy, end Tie aCssa ~ ~
siivss: Credit the great eleseet q modem Sscos
Ia: ssS Ss vs *. nns icon a
tie United sstss H. IL goat nsssars dS. % d. h,s
s 90 o sSS e. nsss I. e
s sro SsSs: y II s .n saS Of % ss:s
as eSs,sa g i7sS y r.. to-, ' proved
ssS &c tA r. ID dss99 e -.
made s scs :As redemption g oornsy shs os. "a ns
sre:. . s6e liberal and no. Away. judciou: (
ts true Of SIX q eiss se.1 Bs1ns that
ROD We haye had currency 6saed afclu.svey upa
II
or disturbancea
and ss . At
IA ,s s;ss; 4 4: n s.s s:% . I
past, until It shall become IrAetioabe 70 Obtain coa
they make 1istnetiOn between "OonvertIlliy BY ~
yf Ss ss a
they affirm would bring I'll the benefits Of resumption
nSSSs. az e. r.oosnsn ds.,s s
shall 10 entitled 70 regular and Legitimate co..
paSS e. FL! p0pcon and =
GOverument nom tas necessity snd tas burden Z
TO sh Dss Would ana allow
or commissions. sad would take out OF our system
s :ssssss Witch g: sssSa much &:
tew yo.rs . EMBODIED In III psSp0:isaon1. IT. that -
the county sha recover from Tie sGscts the -
until he s N
the expansion Of our borders. shall crate estTas
Just how long this win take has not been stated -
probably 10 not susceptible Of demons!raton; but -
Without
The de theory g.
conditions necessary to grown exn: Array ~
may have boantful reward; that indivtdas1 and 60
dcprsoistsS curssnoy iii: assumption Is arect -
rs Sro~tS hall absorb the surplus CURRENCY Ind Ds
payments shall como IN the course Of nhtarc Y
lie tS.s. q ns di.tsn. day. he ,soen..y .Ni
The inference aS would 70 r tOxsf destroying tho o:
Of the usual arguments In favor Of early resumption
ss:.na It Ss ssS
II the assumption not correct. the whole psope.tee
trade, the currency would forever reuen In e.cs.a
Granting however that tho business Of the eounttyh
present veume Of currency for ts hsss
another aspect Of the TO be considered When u
point reached at which the currency ceases 10
oiats to par With gold and that aod WIN then resume "
things Is likely occur: There must b very Coz,
stdeols initiation in conseausncs o. the sda,s: q
s !. s not ). e
but Il win be contraction a. 8 consequence not ass
brought .sDas By o sssS az :s
81 p:"s "su
But whether the coin shall be added to the paper and
tie coin comes forth to ssEs 4: PsCs con:psa -
r Ss nc Of sSs psDes sod ps.!s
will gradually and surely. though perhaps Aiow'y. ~
wsss oossisis IL son.idssne tho pssctcaey.f
resumption. to distinguish betwesn ctrcuatioa and O.
While the latter ' should 10 payaSi. u bod:
muoh Of the difficulty and DANCER sttend.nt ,, On
Although the sssi obligation to pay com O. awful
money for depost In the a6senee Of any alto
banks. BY concerted soticc would have no difcuy in
Ss nd 81
standing quite general between toe banks snd their
the Ssnss II IL 'u sSo 81 clues would to %
their balances through their clearing h9sss IN s
psyscs %% in III int Would n.
Isss funds, banks sna ss c ell
are least able to meet the demand would
t. p-se vo sns Ss po. on 70 s
liabilities Of the banks on similar footing "a ~ a"S
notes; but. scccTdns to established tl. .pscc
payments would involve prUv,on ,ot Sasncrs
Of the country 20 unsteady and 70 VII.
the fase principles which underlie thr nnAIS
ment Of the great centers Of money aud usaef . ,,s
XN.E
ing to her standard they cannot oc mail anru w.
oumstaaces and hence II is matter OF VIA, Iv
the country large tS .crun,.s SsssSn
n"s s" the Ability OF the parties carry into prsca
Sct Dnrine the last nve years there have been NJ
prshsnso1s in any s Ssppy BEEN Wanting o.
,rbances whioh have characterized inc money that We
from time " ms ana yss s mann M thu vsrxs Of pans
which threatened the most On
To people the mn aos oi imSrtant thing
makes but little difference " them WE "css Tor de
in large cite: are sn'i Ts. 10 no. VII roni
pubIio estimation, and 1t may Safely 20 one .tons
contract many other s ,sn sspcrSns ths dei.
sy o. re:ans specie payments y% %S.r ii by .se
that direction f Ss banks few in number but I%%ss
ri ~ virtue Of their esnF. pSsSS inter
by the abandonment Of this doEws ansis eos6 he made
rsasST Tor nd that a. IN .ws %G s.
Or soid ~ the might Is S ls one Ses. ostat y
no just and maintenance Of specie
would be removed. ,..,i,ns lea 90 of the meas
% sns the a S S4s.D x'H s The
Ous theories savsac Hy Nth time The lortrne o. .Ss
SSn s.$ iG S.s The .en
ing return NJ heen tried and REJECTED ana ~ .s
The sap.ns o cS
the ous.nDs s',re the whole volume u spel a.
= sn1's sss .sy osS.' "a
Of =. pSSIib than any sheas ,eqS's - ~
Awe Interference. It's also yery Sss 49, sts sss
dsrskinS heretofore considered " w. + ~. Sy tie ~
ssnSIy dSs' d ass.ss ~ xs..d .S VI .s
and mischisvous thug Ing 70 vsnics sUA isnar: -
tie .s; ne ~. i. nas :sss:r
resumed. et tue eHS and ali 0ehsr eurrsa n h,s
be- adjusted by private sN Ssss i. Al sitisS