New-York tribune., 1875-02-06
daily killed put operation BY change. in the gold

daily killed u put into operation by changes in The gold
premium.
Let ace how those changes work upon the banEArs
who the gold exportors The shipper of cotton Do
troeum OF other Goods. obtains bil Of laiing IRON ths
captain Of the vesse and for this tho bankers advance
the money pay for the goods. Tbe bankers zorro
spondonts nj the point dcsnatiOn money to cover
tho advance from tho sbiPprTs correspondent alter
tho goods bAyo been delivered. fcom tho La-
porter tho banker receives mOncy 70 paY fr
goods imported. tho bankoPs Correspondent, ab-)li
having advanced tho nonoy at tho time the goods I'M
ported shipped. without consiering ilrthor, i.'
qnito evident that the OF money paid ~ ne
bankers also received by tnem; and LS % ne
OF bankers any country and bankors in al coaa
tries together. Admitting that securities prJl4s
sorry notes. and leaving thcm out OF our t"oug.f, "a
ind that thero IA not. and cnauoi h'. -Ith tIg
balance Of trade. Excepting Tor '.'. p.r)l'oi uDe
the value Of the commodities hhlrp'l from co1I'sy
must equivalent to those received into o.. T. CON
ing balance OF trlTo glnst IS oaly pl-'ill % 1,
product OF our gold ani sly'r mines. I,e pr"c'p1,
metals are merely commodities thlt w0 s.uI ava.
help pay for other cOmmoltes. Too bl1A snip, .oi
exactly as tne exporters Of cotton OF po.ro' nm -
brcadstun. ship tor gooda-uamoiy. fJr 100 pr,A.
the transaction.
We have socn that advance In tbs -''l pr 'n.ai
helps tho exD0rtati'n0 0f mcrclIndi,c anL, w. c7IfA
reduction m tho premium wCrTt astla. ihD ot.'.D~
continue as before anl the g)d premium o. .iG1 30
or two points the shipment Of gold v tcn 5.cone ls
best means Of paying Tor imp0rtItin' Hy'1 f1ys
"A debt ~ pay In Lond0n and choose % seli Oh. ''r
from your store gold cotton variety % y1
Will send whatever Is worth tho east 70 you aad to
most 10 your creditor. dorhac Ia th) preuiua %
gold would determine your seuflng that fpr tac sas
reason that a fi IN the price OF cotton woul m ac 4
choose cotton for export. Wasn demand cNciaH,' -
above 90. that il, when you htyo 20 pay m,-' tn
s. 90 in NewYor, for overy s. Ssh or pouaI s.7- ia
London the banker, G1d proH. iu .ei,,n. y0l ta.r
drafts, aud at tho Same time shpyiIg poii - ineb
tlosc drafts. or course. zach shipment OF g'.i 90 .
TO advance the gold premium anh tins m'@r' p'..''s
Ne shipment Of other commodities Instead oi F1.L
Here then wo have the natural law By wLih ID tir-
plus only Of our productions /, exported E-cn ,p r.
including tho shipper OK gold, LOOKS entirely 20 D. 'l
interest but the whole mass Of shipper, w'f1 io, 80
bes, interests OF the whole county. W. shoti I
lament tho cxportatlon Of Soll bT, -houll b' tI'n
that we have gold 10 siip and That EIrpqe s-H T'ti
more. II is quito absurd TOO. To 'rY "-- * 81 -
our extraVagant impOrt4tDns, for Tcti.uoto oI u
would be at once cOuuteraCtcd BY r'iN'.oi 'l -
ports In such should SEM away 'a' -p' 3" !
only lttleles for each article Of export Wo4I ~
is proper share Of the lesscncd dcu1Nd lot h. A.
produccrs would suffer and those making tIr ''a -
profit might then bs able To make ho plnut a a. -
rs not attempt 20 alter tue natural laws trade +"
admitting mat gold leaves us because "o bilc ..
present 10 employment fJr H. We can create h-eH
IL only by reducing the volume Of paper mon y.
Debtors will pay In paper "a long as th're ls se-O'Sh
paper to pay with. Destruction OF some ot oar p'Pr.
that gold must necessarily bp USED ia CTc".t ~, -
the only road 10 specie payments. hADiA'
BTOOL:IIt. Jan. ~, 1875.