, 1873-12-10
TUESDAY EVENING. Dec, 0.

pn finance citlor iu tho Senate or in tho news
pagers, thoy do not Intend to perfect their bill
lntil IAnHary"
No think tia: II the Committoo will deror the
completion Ut tloir bill until January, tho poo.
pla, as well aa those momberH Of Congress wi,e
arc Insane for Eleonback iililnton now, wall have
timu 10 come tu tnoir aonseH. Tho temporary
issue OF the "544 ,0Ju, 0o0 reseryo (" IL probably
a Necessity under the present dccroaso in tic
rovonue Ut tho Government but tho necessity
wuulu never havo arisen it 1t la1 not loon lo1
lilo impetus Eivcn to speculation by the
Failure Ut The Government to rosumo specie
payments, or iu solne way withdraw itB repudi-
lied nutes fron circulation aH money" 10
authorize nu increase OF tllcae nou.rodeomabio
notes III only preparing another trnii, or cilGuul-
stances thut wall cu!mlpato in another olnergol,-
~ sinilar To tho tresont, with its accompanying
Necessity for another iuilatiuu. To deliberately
lnke such colllas with our eyes witlo opon tu
lhe faot that VIC nro rlc4or HOW thun VIC have
over boon IL equivalent to csl,l,ilig that the ua-
lion aA we'll III all its individuals arc bankrupt,
and that wo Aaye resolved To 'g0 to the devil"
ports Of prospective "iuiution" a1so from
schunlos to Increase National Bunk circulation,
Entl, IT 30, tue tolnl 'lniiation is missioner.
The authorization Of an increase Of National
Da.k uoos doon not necessarily imply imitation,
alu cnlnot result iu ii,tlallou un1ras grecuunckg
1ro alsu Increased. Tho imitation con,ca trom tito
iycreaso of greonbackB anl not from the i'll
,roase Ut bank notoa. 10 arguo tho opposite Of
klih In tho nf khn
man he,s,, mist shav Tint II tho hnni, ,,ni ~
ara properly secured and liz banks aru ,hl;rs
10 redeem their lotus or forfoit their lm,tis H.
positul, they y ii nos issuo opy more notcn finn
'lley III suro tAoy c.,n redeem. But tho iBbuo
af grcenbacks affords tho uA1ks tho 1neauB Ut
bvadinG tho responsibility Of redemption.
Mr.. Merriam. Of Nnw York n nrn,,;,,ont ,ro,,u
ber Of tlo Banking aud Currency Committee Of
lie llouso, hat, Oh the whole, uH eonsiLo views
on the CURRENCY question aB ally nlAtl III O0n-
greas. tle ID olpoaed to nny EXPANSION OF tho
currency except Iy free buniing. Ho fayors
sopeal uf tho restriction IN lin nurrcrain
.nount NJ Nn,,nnni Nuut c;ror,o t,osS, tlo
raloas,no Ill rasarvo. ~; .'o'Hs'u., lno
seicaslne aii reserves, anu having q
Aosei'o uetvst e4uat to peg ceue or
oach National Bank'6 circulation, in Tho Sub
Sub-Treasury a rotleeniug ugcucy for t,0D0 or
sn"ri"" 81 mi, ~ s',n,,,t' nI ,:>,,io q ,na Iu
~ 1913 rt.ueV ~ !ouI44'Peion "po'u plouaoiy
5 not y, maVo Two notes on tslo same bnuk but tho
to hu sorted, and tls ba.,kB whose notes Huyo
redeemed would be notified Mt ouce and thc;r 4
rer cent rcseryo woulti llnyo to to be- n.ndo % ncod'
Tia nsn,,jl ,oa ,raa"L".; -, - 49,: ~ ."1ao 6oou'
~; 49,, 49, EieeMu'e"e ~ ~ Nnt'oAal eHo BUY
,uss natlhs, par uor par, NJ ~ pef cent interest,
u lilo bank opilon 0f borrowing Ana returning
within specified time, Lie t4nltH tho hirli rato
Of interest would preyout much business III tho
NM, 1hreafnnod nr cyistnj - '>""'' o'o'o~o
nu,,n,rv ~. -, =. 49,, u,'esv". ~ ,,,,,,..
1 0 e'1lu nnros1rona' ya nsA"'Sf oAAsSES 'f
a correspondents seiiua us The following, which
rnisoH AL interesting point III ,egard to tie eut-
able rriority Of claims Of dspusIturs Who do not
ra,,;vo inta.oot ~, tto;r ~91,, ,'t, 49, - .. w. ~ ~,
suee',S seiuss W so'lr oep'slts' W Compared
'''' ,ru ,srrnrxr .r1 ~ W. n,ros,r. .,n,ror -,
70 tae aatisr y 7%e 5: cA'saao rribnas %M M - o''
ut shs ayt,ut q Interest ou t.E ,,ap".its anject
= check III sa! IL great evil. 'rtfal so,rce
of wild slscuhtions ti,at .ouBly njuro legitimate
9ns'ness; I9 prevent ssca sc,!aon to sono sxtent
a. II n ur,t y , s,n a, 0 Maona! s. naneng ~ s
secrtuv t;.fust a" cir sis iie'' 1s'ns "na 'roa'
na. il n patn tlat ts wn.l remedy TIM ev,, IN
only snall degreu, wlils It would drive many dc
I'oss,s from the National BaukH to ot.er institutions
tl1 TO itisaso Donkers.
woa IT, tna. ~. GLASSES q banks nnd bank
sne tnrn',,ns rs fcaeaeu w., % on nn,s QUESTION ly
uuece thn tc,,uEiors tcnselvra ~ ts n"3tr "1 ~ ~
Il bc enacted tst any lyroslor ut drawiun iter.et
bis deposits shall, in casu Of the bankruptcy If ths
eah or lasnr u" preferrcd c1eslit"r asainnt tho
ael"S.u "'n nay lo drawing Interest. Ills would
s.st,oa Hs n,i .o uese ahtcses.t anu whon
tal thus iy, uunronetiys t. u isu' t,.ry woniS en
silhtraw ii from bauk and n13ku ,hu,r uwi, tmycat