, 1874-03-02

wo can 1lcnr oxac'y tho ammo complaint Tint interest
rangon tcro frnnl 10 per cent, wi,iio III London
att Anhernin Y rn1gca from to an Tho rcaaon
tween boston md Amsterdam,
ia EXACTLY THE AAatE,
aaa ~ W ana Aatsr'!an tl,oro aro large aco''1n't.
ihtlGme OF loaa!o capital conurics hayn bcen spent
IL III Pas as % II NV YyF az, nsa a Of e,se Sa
capital also tho growth of centuries; tan In Omaha
IL Nobraska Of ln 1Ia,nlba! in Missouri. Now e wo
Co eonta !farsort tno accumulation Of weatli oxatinY
II Amaterdam aud London bodily to Now York md
Dnaon then ta rae Of interest al tho lattcr places
would not 10 any longer mid por cent, but would
accumulated wosi1 Of Now '" York % a, ',aatt osion 10 oa a
Ia md Ianniba then, In a probability, tho tnto Of
ia.erost there would cease to DO II to "a cr cont an
b1!t tho anne effect cannot 10 produced my other
Way Ihan ~ tho GRADUAL creation an nccs'nuAtson of
Teat We, Tao accin,lIalon Of capital md conacg,cnt
low rates o interest aro tho result of tho work Of gen.
eratons, It cannot bo created by tho establishment
oi banks. Or " the i4acs Of paper moneys nnd tho
ah'o nnrcr money tH absurd that every aby 500
Il. ali'l moro prcpoaterous Is tho fabulous notion
.at wo can issuo paper money enough to secure to
nnns note at rs low ratio Of interest lio desires.
T. Ia indeed Incredible TINT such propositions sl!onl
o Il II" and on tG Dr
vol Ia tho shortest way solve tho problem by saying
Ley every nan tsec hia noto for hs obta past, pros
CHI, aha prospective; and then lot ia enact law
MAK1Nn THAT NOTE IraAL TENDER.
Laughterl. And now, ar. when haso demonstrated
hy fact mud rcaaon that every chi might understand
them, proposIons Ike these that eapsl and erre:
country "a not augmented by printing moro papor
money; that when popular confidence Ii. the Issue Of
anrecanm raGs money Is mnmpafea Tue eansas 1
naeeaa ~ quantity over md aboyo tho real require
ens e1, T. q Legitimate hnseas that s'.ch currency
tnscicncy lnay be felt in certain !ooallica anil cor
I'll, ofanchGs OF hilsncss III consequence Of vicious
nar. fro o a. ,s 1s, yo,2ms % aaas'a eprnglng IN
foa''naant currency, cannot DO cured, but will only
rfiss tseparans from I'M ~ lrredcemabo and
o raes o. lhterost hat te ratio OF interest de-
nns " .no o1anB ntnonht q req! cal,ttai tn
,,ao If tat nna n 70 Tue ~ ior so
~ ~. .n,aon ol M irtcucenaoio currency, hut Will
ami, re"oo;, H. H. ",.,a oocs ~ tisK .nae toT
Iy nc1io,ne ha favor innnion rn ~ uftn i W i
~ "''' ~ -
xvfc, ,vf,, o,,,n MEmE a'R,,s 9gAoK ME;n1olaso M
ts dlen'onatratea, gentlemen tho opposite sIto
.ora ae a'en nosSo anu AAy: :" WY A 1ns IL
yGa s,o yo mere @ i've we arc
books, Iut We ook I o ' io sug, Sg t" aetive ve
h'ustiless ,'u.s OF tho country; We trnat tho oyi.
usneea ,xa o. . our senaes; we open our eyes, aud
We draw or conelusons aud ,pon what we SEQ We
ta1a. o'r ueofles ah 70 foneues We sr the con.
tIa yor ,afest ,,n,ra % 1oL @ 1s o.
nor tst ~ .ront . - nnsa efa ~ aa.u on snls
Anm IN ams ill., on at,1as. & ns,rd@ @ II 1r oes ss
wi" rocnntyoa In tr a @ So ~ nosS
~ roiu s vhn i,it s , w. o .aG bsiusa ~ @
IN onU Int a foaes es racr nna n
t;rnna moral sosn s r1a A , III IA n o,
tn cnnfrnnt nm III n,', nn s III G'usaBo e'inugh
viii "i hoa" aro" ,hipar ,,,,o e a., dnS &
~ 1nrr ,n1.n, ,p;t, ,G i @ ;.t ~ INV, VIII ui Hs
mi ioS 9 sts,,r XXI s PRIME a r oMy %n M n s
Awnv niao Viii, o1,r n,vn T,n,n 1fT n @ It,,
4, M @ @ H.stj Ill ~ % 1t 'oAeiSol' "no A'1'l-
w ara u'oas .,,,n au ~ o,oo, ,,,
econnmats vim ttnny H,tor viii tto s,,,a M fs
Inima thnv o.c";m Il ro thcor eU ~ t'' o1a r"'
NJ n I'll ;;hn othn a, nJ II WHY 10 |ao
hov W ,pn s4 rav toor o @ ~. =. .s oe
TSv rny uno notnin9 Int it tho oyrnce HIM of tner
1o,1aa ~ ~ h, o tin+ 1a,' t,an, onsn - tr' tHss
,t " tMs 1 rasot III ie .rs e ,vaar ny y WI,
n1 " snma to-, ~ ni3vnn yoara arc r.nM1 tI @
M, 4, Ia snnth mn III ur, So @ I1 III wr, r.,
,jn nsinhinro Ne @4 W" A"A'''' "A' ""' s"''sA py
uo,, n.nv,,r
ia .r,. ,,,,t,c,, btinanron ~ .i .o ,,.,a ,.,,,,
rccd npon nota Int hn avIence, "f ns a",,sc
~ I'm an,,rh ~ 1e cn,1 iu ,vit, n, " n % t
t nr two IN oroo nl D ho a nfv for
oos.cnrninn. fNt1> NV ''"N '0A'' -0'
iikcI tn Eli ,y, lin nil mar, ,,d ,co IN c,nv,r
,,tnn hnnncnc, to snv ennnth;n~ no"t tto a,rt},