, 1873-10-05

ho 1st Nay. 1921 would DO acn'od with mort untor.
uunto circumstances to tho country. His assertion,
ar tho fulhllment Of which bo offered to aakc his
lfc Ind not long bcorl Mndo known, when tho hank |
ntc forward, hog9tng that they might DO permitted
anticipate by year tho term h1et on for their pay
mont in conn., - =" =
Accorl,ua,y tic bauk resumed in full! IN May, 1871,
Two ycars teforo tho uct uf Parliament required; and
thoto Ia no record pf pfcssnre " ontypanfo n us
aster Of anH kind uuti four yenrs and half Ind rnAa'
el wien tho terrible couvt1alon Of 1928 eliminated III
tho ruin Of thousands during tho 1aat months Of th"t
yoar. somo Idea Of tho wild spoculationa Of that
period may 10 gathered from tho fAct TINT IN ole
year 622 compnnica were chartoredt with nofnnM +
capital Of c44l,oo 900 sterling, for almost oil /
conceivable purposes Generally only 10 por cont was
na]d n Tho advance on which vas from stx TO t"e'S
fold Tho folly Of tho proposals, nagn.tuao VI @ NV
schemes md n,anta ct speculation had t1eis Parane
only ltls over Quo hundred ycara oetoses u nlo"l
fu]l report Of The clof financial events Of England
for Inn time under revew Will Ia found III tho wofks
above named {pages 13lao>, from which 1t appears
thero Nps terrible crisis six years 6tT nnu ano'ef
nearly four yoars after, resumption; but nothing
ghatoycr IL said Of It's causing tho monetary pres.
suro mud widespread mercantile ruin nanea IN tnc
above ouosation from tho Afialtc dlonfhW. -
THO history of those tinca shows conclusively tho
urcnt uorlls of srapenHon and Bafoty Of resumption
In eight years s081G} there wore thrco or ioar IMAM
cia1 and contnerca' eons"1s'ono aun ~" s,aca IN
~ IN 1aas IN Iayo boou sitting on
VOLCANO Tho rumbl,ug has been sovcrnl timca hoard
and tho smoke seon, ma tceents ~ A"taA -. " =,
.ooN p'a'e' "'oA "A'AA1"e '~'' .....
:This memorable b nrosrs nceoar ta 1ns hank abaI de-
liver, on demand, gold Of STANDARD Ansnsss, not 'eea
te ner 1ny occ From So let q October 1920 1st
Of October 1871 the saS pian a 70 % ~ es anss From
iGe 1st Il May, lsat 1st Of May 1922 tho mint
t,. t gnopon q tho zaae plar and from the 1st
say 1925 TIC notes 10 70 aa m ia ,nI 9sE of Fsbras
aud tue lst Of October 1920 tho bans wero
g g asves goo an fram fhe ist Of octoor 1890
May as shoy wsrH " 81 a'S3 ~ aa s lis ioI IN nEos
a} or bars ii ao!1 weighing sixty ources. they were
permitted: h sse @ ae tne Gp19h ;pt9 ol p"Sis " epss'o
| nr,rAnxa.
M .n,lo TIM 1orcnape Of peol's bill intelligi-
-. !. A,,or;,o, roodora H. ia nroner to remark
.tat .,,o x,,,n aaontea ,ras eouiyalent to our
no,.,,.rart ,,o,lorinr Tint m and aftpr January,
1o7, x,a ,,,t,, 1onuarv 1a75 t. will roGeem its'
:.,n,,,s n ,,1a A. TIM rita If 90 centB on tho
do,,ar o,d rro,n 1an,.arv. 1876. to January. 1876
A.. 49, ~ ns oo,ta mr., m thu 1at of Januarv.
900 rr,,o -1,n una frat e,ocesto1 nv
n.,,;a or,,, tin economtst. mud was oi1optoa
- ,r. poo1 T. >,,s ,,or,.na tho bcHt thing that
aa,,,a h,vo hmm dona nnder tic cir
.,,,ut,n,o. r. aaaumcd tbnt the existiua
,oxro,;ati,r ~ fin currency shou,d bc
-. a. ,t,x.,,x mini FIR 1ot1 tho f,ovorn.
.a ,,r,,,,,o ;,i1,v,duo,a IN aott1e tho,r nas
ao,,.o :, Nm, oro vcnr Inter thoro Bhon1d be al
..,,,.,, ~ ono.tortt, in t,,o vo1uo of tho crrreu
40 and that t,,roa roara ,ator there should be at
-:,,.,,. - Tin ro,,o;n;,r tontn. j. g.. to mar
o,r ,orro,,,onaont ;a co1roct in saving tint til
, ,,+;a;r..of corontoto roanmntiou by tyt
.,o,.s 49,
y. :, ,,s, o,rroct in sovinr, in onposftion tt
thu A,.a,,f;o 3fonthly. that tic pauio Of 1926,
h,a nm conpootion whnteyer with tho 70
s,rnt;on of anocio payrneuta, Tie paui
!, of 1ao6-e Ia known to the world Ii
oonnec,:on will, tho unubblo Companies.
q teoluec4FA "'tA 'o1 ~
ENGLAND Ind broken out into m eruption @
,,;u+.atoc1, com,oniaa for tho aa1o of milk. nuf
- Ana cnops. cuecsc, nsh, Vegetables, and whu
mi Nonry pourca in from iii quarters, to i
,. .,,. ,.,,. o1,,rt,,rao os oorra
= .,,o,. ,,,s,,oea co,,,a not In conanotp1 wit
n,o .,,at-.t,,t, ,,,o, A croo,