, 1875-10-08

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i'm IN ~ ] s'I sn ~ ~ !, aff' .aa' @ t's
on i'm IsJnk Z fuu'a,I - '''h "'ns' "*' "''e
%hss tss sys,e, q c2tn ,renpon ha' esu
wv. y 's ~ su1t .a santt M taa
,n.nI i"sino.t inynty,,ty A. i,rt, ..nMl.ft~ III
tGex ~, i'll itits ..rt T., -
wi nthht usarre,iT dnd III IL Iu.,"t.: ~, .'oe m -
,tsr il Il ,,,l.e iuas Will H. s h,eS ~ ~ po'ts y.
,,,a una ss 1t rf,ss. m Which NUT fc"w r.
cIccrJ ns nrtssin m cr, rt T., hn s,Ins ~ g.
oses lapcr before resumption !; hut owing to tho
eofm9ns wh1rawsia or baut notcs. and the hoard:
gained and i.tnt.s fairly al work On ihs rev ists
W. n,ist hsar this fart in nI: 3hs tus.ne.s II he
eo"nry .e't aa)nst 'tsey 70 the e1.s no ro'ane Of
rrcsrn, s;tn M.n ~ "nse"r % In. 'any ne: tue
inUucy forever uur lu.Ineta wuu to tnna viii Tia
stn.VM;rm Of cp!n left uf. 1arter would take The
laaee Q, th' loa1 fatff to eoH'a extent. and tho
tiuwn :" nj, ,hn s,I,,on ~ ~ ,oount oo,sy cut
VIII VIII HhA tHA remember DGtItthinR like
ttais cvnlilhn IT things from ls;s 10 Ist3
a,n sS!1h III ls5s 70 1sgl, wne4 + thS Var ehsRtl
war: thn nun,5 ~ ia M tieT ~ nns n+ lily,
it, PRECIOUS metals: they were tleI tls currency Of
tue people, who had ncvcr l,ccn tauYht 10 part with
,scin y, ~ clenshane 70 @ ean u ~ ~ tne eonhtf! Ia
TX si "tn@En1 nv w;tl i"sine,s In.
toia wc barely haye 0W Fnot les tus,, xSo
oon,oUo and ine-tsntiK of TINT held hy the 1nser1-
tnsns, tho NGr York bsnks, sna ne Fae'ac coAAt
tn i'll "nurom.ina eonIitnn H. .ni1 viii cn,1
tjpso 10 sut,nly to world With food at n,h cheaper
rFice than a present. and III that way grsdua draw
70 W. tno con y I. o.aes s - % .alRe5 Az
t;,an f16r nte1nns fntr,rp, nnh f"retpn rn,n,nrr.
however wci1 hardly recover their present cooksai
proportions, while France, Germany. and Epglsna.
!scoGus's @ .o % .ssn , ~ sreais ~
tSrcat Mc,,u!ts In wealth, pfandrvr. un,. ssrYytnv
that makca civilization superior 10 hartarisu..
z. III. G.
nErLE.-our correspondent n1sRes htrong case,
assuming that hta promises oro true. or shat they
warrant the conclns'ons ne reaches In reply 10 lta
various statements, sugeeAtions anl dt1uctloua, we
have 70 say: .....
]. That Tie tssuo OF bank notes. In case Of srec1c
rsylnent1 would abf1nk to thas point 1t which such
iasnc would afford profit This II inevitable, and,
bauk note circulation bstnG unPEoatabc, Surrender
OF It Is now going on.
2. Such thing ~ = "contrac!ion to = point
leaving M Insufficient voumo OF money TO effect cx-
changes IL an 1posso!J, because before that point
eau bo rracaea It Will De pEohtAble 10 Issue bank paper
and tnoney will always 60 There u u wanted.
j. Thu amount Of gold needed Tor our foreign trade
Will 10 no greater IN caso Of trece-paynents than
nov, and tho amount needed for both fosega and DO
cAc atade 10 8fosals e1ae8eFatcd IN popular ssHh-
tton. ktnety-thtea per cct at al ato nade
through tic agencies Of cheeks bills OF exchange,
etc, without tho handling OF either CURRENCY Or gold
II IL not n AL pfooaoie tlat lilo pohds OF spc-
ce-paling governments bearing or 1er cent inct-
cat, will decline IN value. In casa Of European war
tha probabilities arc that our bons lnatcAa OF being
sent home wou!d he sought Us nln7csmcnt tho value
Which will I'll no ~lse aeieha OIL or 10 alected 1y tne
result OF that war.
g. The nrcscu yotup,c Of r.per ct,rrencs is probably