, 1874-02-10

ratc Of interest on the class Of bonds hero pro-
vided for, and to promote tho activity and ease
OF business and low ratio Of interest among tho
people by me FREQ .ofgantzation and full com.
oil kinds which aro NOW 1qvicd on banking, and
whicli, tor Tho most part, bnnscrs pass over to
tho peoplo with good commission added,
SHOULD re REMOVED,
lowing ~ On tho hetno footing With all other
Though this construction Of our finances
Will Undoubtedly moderato, 1t Is not OK
noetod that It will altogetbor rroyont,
nanhca; narh ~; o3ar Inc ersa.sYssom IL an Essential
oxtond and multiply itsolf In proportion 10 tho
saproad OF trade, tho growth Of enterprise, and
th9 overwhelming subdivision Of la6or. And,
80 long az = we trust each other, we shall eycry
Tllns from ttmo to time will sriaa commercial
i rovuloons and sudden disturbances Of industry.
Inc most TINT Government cau do In this bollale
IL 70 secure liz from tho brood of dianBtors TINT
ar9 hasohod by nm lrrotlocmablo currency.
II wo arc to rctnrn to Bpeclo-pay1nent at all,
this method OF doing It will DO found to bo !.
codslsrENr WtT1r rnuE RcoNoXY.
Under It 10 tho first place. tho Treasury will not
DO obliged to gather and keep % hnnd, in orior
to resume. an idle Burplna Of not leas than
sl6o, 900, 900 IN gold, rs IL proposed in tho late
message Of Gov. Dix, md ~ will certainly bo
necessary 1t wo aro to undertake and malntain
spoclo payment with 9400, GOO Of grecnbacks
Of national solvenoy could not tait 50 to misc
Our credit TINT wo should speedily be able to ro-
fund our whole g. 000.000 600 of national dobt at
rato OF intorcst at 1oaBt ror cont, aud probably
2por cent, lower than what We now pay. Tho
credit Of this country ought to bo as good Us
that OF Groat Dritnin. To these advantagoa iB
to bo adaed tho solid value Of an
ESCAPE FROM THE pOL1T1CAL DRDAuCHERY
that necessarily attends having tho volume Ct
currency dependent, aH It now Is, on tho verdict
Of poiticg, coaxed, OK forced or bought by specu-
luton and sclf-soohug. Or, 1t It Is thought so
desirable to economizo by floating non-nterost
bearing dobt, it cRn bo doue consistently with
perfect solyeucy and nnquostlonhhlo credit BY
tho Issue Of tax-cortltcntos, receivable for iii
public duties, except dutiee onimports. md pay
nble on all dornohtio expenditures Of tho Goyorn-
mont TINT may be contracted for df7er the dnto
Of tho authorization Of such cnrtihcatoB, but not
rcdeemable in specie. Bur this by tho way, and
merely aa Q
SUGGESTION TO PEnUR1oun PATRIOTISM.
Tho presentation of thcso yiows at this time
ia merely caveat, o recreation, aud an Instinct,
If there be any aound and scientific prinoirloe
OF finance, they have aB little chance Of an ap.
prociativo reception in an American Congress-
ut tho present time, aa the Prinoipia of Newton
would have IN m idiot asylum, or the Sermon
on the Mount In a don OF thieves. italy Or
Spain ia moro likoly to return to Bpools-pay-
monts within tho 9 next ton years than we are.
venture tue prediction tlat not till Republican,
ism In this country Is reconstructed by tie
adoption Of aone botter way than tho present of
establishing public authority, wil.the people 300
again Us good q currency as Azariah @. Tlngg
and Abijnh Mann devised for them forty years
ago. G, @, p, G.
oswEao, N. r, Jan. Is, 1874.