, 1874-02-24
MONEY AND COMM ERCE.


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MONDAY Evru1so Fob. ~.
regular eosRlon of ti,o nonrl Of Tra1o and "a tia
a. oso1'eA suo "'oNa =. @ ~ ~' w.
=, W., WAC o'ao opdefYea aH " aoiaay III NO" 4olA,
sne1e "ero no regular tolcgraplio quotations OF
.upS, bsra o sola, &C.. from .nes eisS' lno penAs
nose however, kopt opcn as usual. :
tbIrty ~ si.t. .sa ~ ~ ~. 'ons ~,
Man, ~ thn r, !oann a1. Ana ~, ros 1et W va oa
. .nss 80 alaconnse' aua IN she opoh mafkot tho sup
donand.
Nav york nv,.,. ...,,. - RI.
$1,000 @ discount uaaA"'s' ""' au0'"D'' NJ 000 p''
opros1rtor m ,arrAr,o.
In ,pot,or nsrt ~ .,,a ~ 1Nam"nvS aa ,., -
COPY Of tho rosolutfona a1onted hv tho Mar.
ohanta' E1ohnnco ~ nhoa T., a,,u,s,t,a, ~ ~
Initiation OF tho currency by tho iasuo of moro
Rreenbaoka. TheBo ronolutinra- a-,vt,fct oro n 1,o
Fo-x,rd.d ~ An, H., ~ Nv ~ w
.oA A"04"o1 '" WIZ Aoil' 'u4n ouefmhn ~ Waah-
lngton --wero signed by apventy-ono Wholesale
rnorchauta Of this CITY whoso noarcootc hrs,no.a
ia represented " ahlos Of goods to tho amount Of
About $Go, ,tou, ,Uuo Per annum. Ihopet1tion was Ii
circulation for signatures only about four hours.
during which time all the names wore appended.
that as many more names OF mon OF tho same
bnsineBH- -atanuenK IN this community could le
obtained TO 1t. .......
HOW ENGLAND REGARDS a,s,,1 ooh ouhhsSox DISCUS
r ,...,. r,~., aloNs.
The Stock Exchange monthly circular OF
MGssra. valentine d Co., London, contains tho
!oAoWlnE eensible rcmarda on clio currency 4ues-
a2n 2a w tao unlted ntAsea;
ma to ooonY III sssaan ~ s9a tha s9n-
Glars may derive Instruction from TN snhi*ct
- II EXISTS In America. Tho queatiol ot contraction
Or imitation involves vast doal more than tho
oS ha nretx w. ~ 3n y G r. y II eat
word Of tha general CAPACITY q tbs poopo WSog Ssro
10 dncilo. and M NAV aJ Il n ma x%jr,, ~, ,aa
viii Tho execution nsr5a cf areat mrio no nm
means % whon Il is brought home to them pgrson-
eag r. ~ss another s form. man VITO considers
~ ne May 10 20 hl constitution W paraklng
tion ~ ia monsrt .ni vsEnnn bIAsnen, Ia,
exercise in snail way rcstrainf tlst tha ns,op ~ -
oailod 10 s1ercse Ia 1argo way. Tut supnosa ] hs m
doubted whether tho indulgence would be Injurious,
!st hs xofssiued then ha would exercise. restE.
very ahnaus ior where tho osao adintta Of au argu
mem ~ wncn no Toasoa mny 30 convinced In favor
tan r. taHa " fa tnas tae aost ess
nations Which have once slabarke in al trreesmshis @
paper currency ayo nuyer got 10 shore until they syo
TIC snglo exception Of England after tho great sont
Mental wars o. Aapole9n ana that was only achieved
'9ouen ue1ee stru89'o anu muen auucf1h8.
l.. Mln u % o. seen from thus That to many sensible
people N Europe; the mere fact thnt a., we are de-
0assng az to whether We shall deliberately iu-
augnrato q row ora OF imitation, makos q strong
probability that We Will. Our own belief, how
ever, is TINT there ia much less danger Of 1t
nov tnan thefo was low weeks ago. Tho pro-
tosE o1 onlcago nefolants ana business men
recently forwarded to Congress against any in
oToaae OF the volume OF groonbaoks, hns had
moro eject than any other expression OF popu-
laF eou1inlent tnne nus peon maao on the eur
Iency queaaoh tnln Wlnscf. II proved that
Senators Logan, Forrys and Morton did not
represent tho sentiments OF tho business men Of
the West, aa they psofossod TO do IN demanding
M Increase OF groonoacks. We believe, how
over, TINT -..' .-.
FnEE BANKING II BECOMING MORE AND MonE
ropuLAn, .
ano shat II memorial 70 Congresa, we're eirou-
!atod, N laYor OF fonoylns the 1eBal limit to the
aasgresAte :uouns or Natlonal nen1 circulation.
t.a tnua -Petmisslng ne untestIloteo iheroaeo OF
ta nann ~ nGses ner tno pFesons requirements Or
t sao Has,oa. ~ , aos ~ teeat1 5p tho &C.
pus.S y nanus ',1I tos ncouIity, Aua ILLS fopeal
foap.eo so..t,n VIII sno toqniomens thas tho
ant n. soH ua fsssts9 auao o. pGr
soms ~ .iic ..s o,1 easoa 9ao'1Toasustes suen
~ atasn sl won1n ~ s,sneo ~ large majority
o. " sa9So mno s.sneI tne prot9se aealnss tho IT,
s'i. cue o. noIe gseoanacxs. a ;Eeoplo Are Dogln-
- tne ~ ~ onuosatanu ; .aas aenaton Sineating
W 1yo.,t na., ~ :. !nc1uaso o. currency tnat
~ ,,nS5 saae5 ~ ~ ~ vaaue) couu Only
Tba ~ ,,arnas saao ~ ors 9.eeMoacss
ront viii cout ~ ',rao1Ioes f