, 1875-12-08

| " ~ a'"N"'fEa a'1a core
Hponding l,ariol Of ,ferrcsninu. Althouch tT,cr
arc gratifying i,,dcstious Of ipcrconc1 ,,ti,,;,,
In cer,sjn brauchcn nf hu.Inoaa ,,, H., I'LL.
u,.t., n ,.,., =. ..,,,, e' :" ."o o"!1o'
~, w., i.,'s. w. ,''sea 'ah' eohn'oncc la
not yct poen rcetored to tho oxtont necessary Il
bring about general royiva, ur to nut the trad,
and industries Ut tto country ut,on haaia a
| activity md ncrm,ncrt nro,n,rt. ~, T.. ~
| ,o.anr,,Io ), ..,.,, ~. 81! M ot :"
,horo .hn,, ~ as 'a's W.. DO aoho ansl
Alo'e h'u'1 ~ "eafer aPFfoach to resumption
Of specie payment. aud consequent improve
mont in Tho character Of tho currencr mr.
constant ,itsturhapco of o,o,,,,,,a .,,n ,,....'.
.,a,, ~ .,,r,.s .,.a s. M" 'i''e'ua
AoH " '"'"eh. ''o lucorsalntics or blAlncss, the
want pf confidence bctwcon individuals, corpora
t1onB, And communities. which oil exporlcnce
provos 10 tc tho Inevitable rosnlt of I'm ,so ~
mo,lium of oycL.uoa nosaosu,,n ~ ,..,.,,.'.,s "
yalu, rcnrcaon,lnr no .on.,,or.,,,a ~
1shor III lts production, and not con-
| vorsib1o into that which ia rocoruiYa1 Al
money Throughout tho comnerc,o, wnrt1 on
cousiIeratiors ,rhtch .nul1 r,.. 49, .a
"Heh nAo"'a Chill tho attention
VI avery thoughtful representative Of tho poo
PIC. However rapid may In ols inorcnse in pop
ulaiiou woatl,, AuI material etronpt,,. WA cannot
tako tho rA,.k al oom1norcia, or business noo1,Is
to which NO aro cntito by uuperor n..n..l Dr1e aa.
.ar1s. aan.11ses. a'a tio productive onergles OF orr
TX nnr1J or astIact TO III tho SURPLUS capital Of
er,. ~ 49,. ~ 1oa as "o l"Fo llactnhting stand.
lspis1a,n,, ~ asu auell uncertainty In onr fiscal
10 @ ~ iahCs tio asbombl!lg Ut Congress-
49," ~ ut aonuht o'cctlohs tue occnBions Of nn1i-
o. ~ ,, "haa apEonohsion no. only with the oIorB
at homn 1.oo''''o0 aofoau' pat with bus'ncAa nlcn
ara.t 1,r,t.,r
n.t ~ snosta.tlaasy unynlYin9 for 200 years,
hcconno H. p, T., ~ o. tais stohtisnoss, il has
I,-4t;t ~. @ eanto y. 'Ho tfA!iHactaohB not only OF
In at civIi,aad n', ta9 u Of sll slo world
t;ona ,;i, snro,,', ..oYoennens negotia-
th,a ,Sia M 'o,e,Sn iaoheS-!ondcfs nFe nado upon
snro,cn XII. @.u, ~ eohefai rule tho only
,,;n1s D.' .uit ~ OVER tAe world arc those
~ fnn5,r ps;n !ta pounds ssorng rayaba
contra who,a "1e ttuo c'Y t'.a ooeen,es INC great
~ th, VII, ~ hIla hehce the commerce
~ it "o.4a o!Fes aroma II, anu pays tribute
.i 10 snr 1v.eaen. lug ata'anru WITH IN unsteady
n H." ,,n,o ~ VIZ navine no h1ed relation
h,,ow NV ~ n,uns 81 .ho "oEl!l but always much
oo.t,s w 'aI 'hlao Ha can never attain that
rcaonrrna a., 1.ueuaHaonco 70 when orf great
Erorr nrs1'a "uu .'ess'e ~ populatoh onsislo us
neon3c ,.n nt,,,a u na1t all all ciabsoa OF
so,,nd ma st.hin cirns tn !ao lesto'at.on OF
bonn,Jap n. p'olaIes o ~ ieHs tnah the merchant.
md nns,,a,,;a.1. aa = o"!.hos. ino present unequal
inhorora n,.a s,,,,,S .,,ao,eS opVFeaaes ana n]ureh
maiorIty nf o p'v' rannio "..o cotihtttuta Groas
hstweon .3,1d Gin.u,n ~, ~ money. Iha d'noronco
Wv, ',nn EoLd nau our papor currency ia 'nt-
hn.,npoa Ji "net estotloncoa money ey'deatera do
nty for .riic;a, "a ,n'h .nt g'os th9 opporta-
ara ncrea sod nr roeoi a. @ wnofopy valt.es
ctasn ,,owce ~ ~ 'een tn q. pleasure: Tho puf-
tI''ss,,ra ~, ~, w. o currency Il Increased or
ators ,,nitcd lar ~ th,e aaalooa o. !a'Go opcr
i"i'a,..s "Ia ~ InNs purpose. and producers and
sr m are often made to suffer without effective
wsraa Iii .,nuy ,ns.hs ntnE hestcr relative
en,"a ms'a ~ no.e constan. onposn'ent bccauso
vii 'hg hn o. apoT rs of at which It Produces