, 1875-08-21

a,,i t,'o ~, f',i, t,s,,ar nv ,:,nnn.r W H. fsa
w,n1. lfo to,tt i,itt h., rn,,,l hrir,, fnv,, IL"
rr,re 1t t:ast lula stuck Mt l,iu ,Icast,ro o,ul
aruai,y cntc:e,! into Articles to ses Inn a56o COO
Wurth Il ii rcr cnnt Ialow tn ,u,J ant vniun,
| Eyrn In tr;ttuI, M1nis,rr h,rR,no oln,net, ot
rawt ,rnnt ,',,Anr and lin nn,,arnmt n,,,,ross NJ
'''' 'N1"'' ~, a.,xtr;,.rn .orn sr,n
| to thoir approl,onro1ls. bccauso tl,s .noblcmsn
i'a I'm m!rI ints.rty anI cootl sn,so to ulinw
hItuso,f Ia bo rHrriotl aYny py the mnya1Inn,
Jrenxy, ur to bow at tho foo. OF tho now DIVINITY.
| slair woa ,ncalcl AMI nrnt nln ioljromont. rl9o
imnlc,liatn ru-nlt rna IL, cstanIis,1 Law'Y uower
nn authority mara firmly ih,n oy.r. ltn hntl
oncnIy tri,,ninl,ed over uno of tito Ab,o,t nuI
u,oHt lesory;uc al,nuiors treat Britain oyor aont
aI,uaI.
| II tLo1ht not t,o overlooked ,hnt nm 10 tris
uc,,o, n Inwa rcirn. tic unorn,jonn nf lin na,I,
lad r,s.ud upon l,tlainal o,ocjo bastg Int.
Wien il lad Iss.,el It's LiIls To .touble tho n,n Of
t{,o l,anl circulation, which u,tr itlntionBts and
throrizcts tiliuk il pac,, good thing tu d., the
,,a,,.l a,tl uaturaI effect fuj0wct rrircp rapil.
IL foso to corrcs,,onl with tho increased clrc,lIa-
,i,n,, soo,, n,,urcons!uns worg oxcter leat tho
,,nuer.nouoy bubllo might burnt, Ile moro
| naxaetu;s began to convert their bank bills md
thar Cu,nua,,y shares iuto gold and silver, and
to remove tho ~ occedH our Ut tho country. In
] this way
,n.rrDEscr WAN s1owr.y uypxnu,srn
in rim nsw ,xso,n wcI mi beem VII, sc an.
,nreut rnnitity cnrrying Franco to tho uIu,,aco
| Of prosperity. Meantime, tho unuat oifecia Ut
alt excessive iYap If pRIei -fileney confined tp
| ehoss t,c1ntolyes. Money circuatoi IN tile ut
| most nrt,f,,.iuu. poInlo iu!nvad in oyory ana
| rice NJ 1u:,,rr Notwithstanding tho u1cossiyo
riyo in thu 1,rIc,. OF eyo1y conunoitty Btrangeru
iIochuu tn Paris to speculsto III silaros md
Btuci;s and 1t MAS computed lllat 3UD QUO for
oiruers wcro in that city III November, l7lp,
| Iiiis unnatural Bta,e Of tAIngs swo1Icd
| tlo aIparrut prosperity enormously, aud
vastly Increased expenditures and protits
Tho riso of prices tna1o everybody sud
|
tic exhausted National Il. oas,,rs to oyerlowing.
| Tho Hing paid t,iH dobtH; ta1pa wcra roducel
tho aI,undalco ol money sunk tho rate Of inter-
cot. crushed tho usufots, Eaisca nr stately
and huses falling to ruin. All thcsu prulgics
Of p,,loyeno,1t wore tho fruit Of Laws pysteto,
NaH It auy wo,,tor that people bclicyed that the
easy way 10 national aud individual wealth was
through the tese OF Nil etld!csa supply OF paper
money. Of that oven ropsoiyatiyu ninds and
solid uuderstauuiugs voro sometimes i1lrlued to
| c,ro way buiore guch miraculous trnnsforna-
tIon2
,lr Law at thin period, with prompt sagacty,
! perceived that his sybtem Of tua1ico Md vi.
| rived
NEAR THE EXPLODING rotST.
III big efforts h,therto had beel directed to de-
crying ts,e uGelcea cI,a,actar Of coin. III th!a lie
merely not tl.o example which o1r papo1 -uloaoY
toforu,ots follow. llo obtsnrd tie l,assago Of
laws tcoi,ing all debts aud taxes to 10 psid In
tho bills of his Dauk ~hicl, tator was put aud
1aid Il . tuw n constant nrOmlu,n over HncciD
In nvcyv wnt In 1ad ainled tr destroy tl,e fins.
tjon4 Of tho precious utnls aud to boj.tte thoir
usefnlucss auI yruc, Tie value Of the bang
uote was lEt,uly tXoi at per cent above specle
md ~ WA fortid,Io to orcr Or rccslyv phy,ucnt
IL a1iyar or raid rYcont ia yory small anna wluIn
ali Bin Of oScL ,nce w.,e ony navablo III ba,x.
| u,tcH. Other regulations wsEo ,uado for The
nur,oso r, % Of ctoas,s lnctuatioup il the mico Of
coin, go ~ still further to tlisyuHt people with l;g
i'm. In thin way, stuck Of n p,ec,pug metals
h,I hccu sent IN bauk. Even ti,o i,uuorta:iou
Of rad hoJ Lce,, fvgUildou ID u useless cyI,-
n1fai,tv fu,s '3''@' ">@~e' S'''
int 4 w,s Mt 1cnpt, soon that tl,3s methol Of
booming the bv.lor ~ ~
u,,1.ho,,nr, ai, cnntnno1 tn draw liz ,,esn,,ea
md aeDratoI natal tto1a to vaults Of tie Danx,
aud quietly ahp i out of tue conutry in order 70
hsvo ma nnw IN the caso nf lin rTneul,arka
tl,at thn nntcs of tho Noys1 Baum wers tI,a Lcst
n"ne. @ rn IN ,,auat tncv heimr oacmr.t1 ~ tjs.
,sntI NJ liz in,ios, rt;ji fooIia nen.
IA nrcfer,oi tho worthlesu md ,abuoci cu,u.
IN, M t1,o,r ateadj,v IN the Hanks rnqcrso nj
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