, 1875-11-27

= -1 90 ~ l'%@~'"
VI oesan' out HASH to heaven the sign Of
onoaf'ng ain'ty bci"een tho great Republics
81 'ne o'o "oFaa md tho Now.
WHY aprvnp.ou. wr,r 7.sr,,
The 1cRal.tondora ara ac.naw1oiosa % tI ,,n t,,oeu
who favored and ttoae vho onnosa-1 ;os,,;n :.
them to have beon nm e1nena;vo mann, ne
providing tbo aovsrnrnoot with ,,onor, :.
carry on the War. Hnndro;,s - ,ni,,,nns ~ ~
dollars arc eaid, by thoso WIN hovo nn ooov
grasp of figures, TO bayo hean oa,1ot] he tto;-
rse to tie cont Of tha wor u Is s,;,, =. .,,.,
question betweon thu ,1;ro,on, ,o,,oo,a ~.
to whether tho War cop1d ,,or. hoa,, oo-r;. \
on without them. Evcr A. ~. ,ota ,ar -,
ter tha hnndredq ~ ,n,1Kor. - aa1,.es ,'a".
heen ,oet Iha ,1Ie,n.,io, T. As oo'4',' .",,e
one, II 1t serye to mike otear tbo trpth Tha
mstter ia one Of thu ,noat f,if,c,,,. l., nn..a.
tor II touches not only princln1ea hit fac,a
The p,inciplea ara aesv tn d,ac,oaa .vhe,, liz
taots are had, but thero.a tho nh Ths foo..
hardly two writcra will oo,ce ohont ~
8pAu1nrso. III, "Fathar ~ +ha ro,a1
Tender, ia about to 1ublts1, a acconf1 a1it;on
Of his History Of tha panar h1onav ~ t,,o
War, He hoa added to his nrev,ona vo,7ms
many valuable documents. and IN, ~ tha
most striking Of these ia n letter from NJ
GEORGE s, Cor, Of tho American EXCHANGE
National Bank of New York, Mr., Coz il
sae Of tho oldest Of tho Nav York hantora
aud his Vows and recital of facta
arc very interesting, ovan " tbsv c.nn,t
receive entire assent. Mr.. Cor soya u nav
be confidently af11rmea that. n tba hanta 1,o;,
been allowed to 90 an ns;no ,ha c1oar;no-
House machinery. thew eou1d }nve co,t;,ra1
thoir advances to tho Goyornmor,t ;nilean;to1v
at tho opening of tho Wor. and II mt d;s.
peneine with the necessity for 1o,n1 -tander.
would hayo long deferred than uto tbn
saving of hundreds Of ,n;lI;ona ~ +ho cour-
ty,"
Mr, Coz piyea bistorv ~ tboso od,o,,o,
by the banka tn the Government Tho, ,v.-.
In position of e1traord;narv atronot1 rr,,o
three years that had fo}1owad ths ,or,, ~
1857, like those which ana nov a,,ccoc;3;no
tho panic Of 1873, vere vao,a of froot econ.
omy and productiyenesa. accop,nan;ed oa
now, By the most oarefnl ennervis;nn of or<<,.
its, A a result. the Nav 7or, l,onra ha,1 +ha
unusual proportion Of kf, nar rant In co;n ~
their Hsb1;tica and in Tho countrv ~ 1aron
the total coin rogcrya waa sgs 1o5 mn aoa;nat
s142, ,5sl. 1856. Of liabilities. A Inv vaa naaoe;,
BY ConRross. TINT Of Aua. +. 1861. In enahla
tho banks to act a tbo ao.nts NJ tha Govar,,-
ment in obtaining .oana frorn tha naon,a r.
this they were. Ar, Cor renorta rnmarroh,1
srccossful, az long ~ tbev were enn1ovaa hv
the Government in tho naontiat;on - ".
first $3.50 ,oo0. 600 Of thu 7.oGa ~ 1881 r.
saya that when thu ba,ka hsnor ~
pay into the Treasury Ak mn 9'ro -
gold everv s;x aava a,ho ,,t.u,a1
trade uaoyement I'm. .o ,nts,ea !,
conseouencs of the ron;d ;1;abpruo,na,tso ~ .ha
Government and Of the e.c;tsa atota ~ or,
iute.psts. TINT ths ooln all cama t,ao1, n n.
banha In about A w,ek TIN r,ova,nart o,,o,.,
oned in obedience to the f,,mnnda nnon T.
This was the condition Of ntfairs hi ohort
fiftv rn{l;ona NJ the ans ,,o;, t,aa,, n1,.aa -,
the bsnka. Mr.. on.ar at TINT no;nt h.d -.
eonroa tn tha Trn.onrr notao r,ho ;,.1,t.h,.
result WINS ,t onee an,'arent Tho nore, arova
tbo oo,d ,nto boor47 Tba h.,k, ,rI;oh 49,.
Ano i'm noc . 1ae1 ahon ttoro r .raa ....a. 49,
f4ovorn,oant ,,o,sr l., .;ra,1o,;,a ~ ~. ~.
47. 415. $50 Of cnin. 1oat IN thrao xxoata oftar
ths ;eano NJ T+eoqnrv ro.os b.d h.an ID.
ta,7r;nea ,,no, m lac, th.n eoo oon nm -.
min. The anananv;on ~ anso,s nar,So,..
md tha ;na.tat1 ,aaua a. ,1anrao;o,in9 a..
,rnmsnta fo]1ovo} ~ conrso
Tharo ora aav.ro, oh,iona oon,,., ,ro.
hin narration bv h1r nor H. no;nt. al ,,;o
,aotu N tha corc1no;or th.t .ha ;s.no - ~. ~.
,rn,nent nonar vao n n;.tota sn1 ,, M nn,eoa.. ~
INV m;st.t. Tha han,,a oon.1 - haro ~.
h. aon.-.n,... IN A.. -ss-. 49,. ~ r.
,.on1a n nas,1oa r., - 10 ,,t,,n a.. liz
..sl. .,-N f.- Aa1 ~
rn,;,aa ~ % ,,,s ,,a-;soa 49, 4'u T;. .o.a -
- .Las. .1'.. ~. 10 80. ~. 80 WV
~. -. % 49, 49," @s -, ~. -, Ns , au NV .esa.u
~ to" ~ p'oile A' NV oo.u 'uey pu' INTO
-. -. unnas @ s,o ~ .'''a sia1 ~ roaf aaon'l's
i4ey 1ost 3ds4Ios3bV Oh coln. Lib 8noWe0