, 1875-08-20

sH-~| ~f
Of the grocnbsck, which Ia The came thing. occa
sions III loes ~ have explained to you.
H,-iou buy most Of Jour goods III Hold, do
you mott
M,. ll.-Yes most Of our ssar1e articles. and
these yaristsoNa in tho value Of our currency
gises us trouble esery hour. TAX About not
stance, during tho War. whcn gold was ?2o.
friend Of n,fte bought pork II .39 bArfoi, cur
reucy. Before he hoId it. gold declined to ll9,
and PORK u 42l. Tue decline took r1ace simr,Y
bocalao Tin pnrcl,asing ppwer of tho Rreenback
had htcn increased. but lo lad actuaIlg lost I'll
q tarrcl.
r. ]. nESsITr.
Mr. II. j. Ecnnett u William II. Mcyt Co..
subject much attention. ho sa.d, but spoke
strongly agaiu1t ilIls'lou. The poAision OF tho
firm, no sald' bad alwass beoa for speedy TO-
sumption.
n.-lour businesa Is Of kind very suscepti.
bio to gold dlotuaton. boliovo :?
Mr. H-iee, sir. We imtots good mho! Of
cur Eoudn dsroct, and buy largo anantltieu
m, gold. hnl We. are neEeE Ablo to
tell jnat Whit they a1o coat'.g, IN.
cllaecs. Gold usy Dc higher At tlto t,no they Aro
due than now. and it may 10 lower. These vAri-
htlouh haSe ncvoE occas'oucd u nneh loab,-thoy
lave becn about even,~-hut ,hey teud to unHctt1e
trade. We bad much ralher DO GtinE bunlhesA
OIL All un3ekiblc baAiB.
K.-Do you thing specie payment could DO re'
turned to within the ltnc rstf
Nr. D.-l think tho tima allowed in long
ennngil. II could not conn any too quick for
most Of tho me capt1Io interests Of the country.
Wo arc rchdy for, aud wonld like 10 be dulng,
buAineeB entirely on gold basiB to-day. 13us
gradual return is better for good many iuter-
estB. There is no doubt tat sudien resnnp-
tion wonld create panic. In four years
though, men can shht Q their business to meet it,
mud it can be brought about without causing
hars.Bhips to hny cue. kosse hnt Wild epec"-
lAturs, aLo want to ln1ato and verdo everything.
want any Initiation. Tho pre.ent bulk OF noaoy
in mors nov than can 1lnd Investments. am
glaa 10 see The fR1nuHE pitch into ths int&-
t,onislB.
K-What do you think Of tho o.s5 bond plan
alr. D-i have not ported raysplf, but vond
not want 10 accept any plan ouefed by sueh
clazy iuf1huou.st.
AlBBKs. sTKwARr, ALpntcu CO.,
Wholesale grocsss, ~ Lake street. were next
cA,iel upou. In anBwer to the rnl prterB 9ncs-
tione, Sir. Bto1art said the firms opposed to
initiation, and couedered there was too muct, in-
fat4on to suit tho best buelners iute4tEts uE
money wkicl would express = fixed measure of
| value. As to tho date of resumption. they
wero Rstiacd With that,ti1od by Congress, shonid
| tbs prolu1Bs bo honestly executed then. With
regard 10 kelloys 3.65 bonda. Dir. Stewart had
no optolon TO express he did not think that
subject worthy Of consideration.
| MEHaIls. HARno 4 CO.,
wholesale boots and shoes. No. 164 Madison
strcot. mero ue1t interviewed. In leeponse to
| tho reporters questions Mr. G. II. Fargo ta'd
| .ley had becn orposed to lnt1atipn for . long
time, ard thought tho taat issno Of ai4 ,000, lNU
Of ,greenbaeka . biz mistake. Tho titno
liked for Resumption was early enough :
tunity 10 prepare TOR it. They Fero opposed to
Nc'1e, q project, believing that il would letri-
mental both to the Interests Of business people
! md tire working c!ssses. II koIley's reeoWn,en'
| <at,onB were carried ont. NO would hasc ali hs'
bult disas,roualy. 80 far ~ tho mercantile IL.
tcrekts waie concerned. perhaps Imitation woult
be temporary benefit. but 1t woutd hnvo bat
rcsuta in the end ; lhoir interests would best ht
Bubterved by returning 10 sptcao Payments "
carly ~ possible.
| REEnEnnEn BREAKET.
Tho firm Of Seobergsr T. Drealcv, who1rsai'
| hardware dealers, No. IS Lake stfeet, were nsx
risited. Tue folfo~iuE conversation tuck plac
botwcen Mr.. Seepcrgsr and tho reporter:
Roporser-Aro you III favor Of milation LII
Mr; besbersor-Ho. airs an :=tFongl, op
T.-Wili sou kindly gve mo your teasons7
| Mir. Swell, ~ q merchant think II IL \ ver,
unsatisfactory cuudition Of lLiuEa to hare GU
values constantly disturbed by tho ductuat,ou
Of greenbacks. The remedy, "a eotue poop
cali it, of u1la.ion would only result in futur
I
tuehtB.
R.-wbAt DO you think Of tho dAto fixed 10
resumption
Ut The earliest moment consistent With tile busi
ilcEH intelestS Of the country. 1t woull be ba
to 4Ase \ too sudden contraction. Which woul
bu injurious In its efocs 10 the iptcreat OF busi
1ess poopte generally. On tho other hand,
natural return TO specie pnytncnts, which,
eee1ns to inc, Will Occur 1t no distant day, IL t
bo ieoised.
N-what do you think Of Kollsy's sc
scllcnof
late1 to du tho Horlang claHscs. for xhon iepre
fcHEcs to be labotiuE, any good. Imitation wuul
10 al inevitable 1eeuls Of his project; it i
III fact, Initiation under another name.
down tomorrow. The rtsult Of tho legiBl.tso
l,o des!rta would be reaction which would L
worae III tho eud tnau to aow things to remai
III = condition thAt looks towards ultimate !,
sumption.
K.-What, In your opinion. is tho strong rel
sou against parer money?
hlr. s.-Tho great trouble is that 1t ia impoRs
bio to SEQ far enough ahead to prevent loss
upon the goods ono handlcs. We a,s At tt
,neroy OF the claugos whell arc constantly o
, cu1rlng. 1t IL impossible TO guard against 10
at all t.mes. We could trade much sailor il '
, had hard money.
u1nnAnp, arEacEn + co.
Mr. 4. E. Bartlett, Ut HIbbard, SionceH 4 C
t who lesaIo dealers in AAsd~are and sinuer
, stock. Expressed dcolded opposition to intlati,
, | Oh tho general ground that tlote WAS 10 liz.
value Of their goods with the present chang
ablo currency. They were satisfied with II
dato Ut resumption. As 10 Kel!uy's bouds,
considered 1t hardly necessary to express
opinion thereon; indeoi, he hHd elyon tl1o q
| 1entIon to tho project OH account ef its gener
unworthIness,
MR. puAANp,
I. Of DurAnd d Co., Nos. ~ II, and 48 WAba.
9 avenue, was ue1t subjected to : sorics intsrr
CATIONS.
+, lie stated that he had devoted'but little atte
> ton to tho subject, mud did not feel Iiku giylt
III opinion.
y n.-All want are your sows ~ psaosic
Il buslnesa mail.
= Mr. D.-Well. we arc atronq sgsinst rsg mon
a14 imitation, Anl NC want apecis rssumpsit
q ~ soon ~ 1t eau psudentlY be brought about
9 It was put forward too sndde1!y 1t would u
i dunbtsdy diBtu1b tho country.
i N.-po you thiak 1t cAn be safely broug
y about In lilo time provided for Gy t'ongrcss.