, 1875-01-21

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tho a,nounts of idle monov in .,it1erens peo.
p1o,s hanls. hut tho ,rocesa would 10 OF
s.eatlilv nil Tho I n,c. rrho lnntls would fron,
month tn ,nonth .7ro,r IN vo1pc ont1 coustcpt.
~ l,ccop,o moro uopu1or nv t,,ev incrsasr,, II,
the hants of tho peo,,le. ,rhcv wo,,la In
cn,,iva]ent tn n kind of national snv;u,s 1,,n1,
for tl,e ;,,,c monov os lin nson,e navp, lin
holder ncr rent in co,l cveyv i1,rce
months. 1,cforo nit tl,e rrecn,,ocls wo,,1
be tl,usnl,sorhc,l ou1 ratjrc,l ;nto those tomts,
tha latter wou,1 In IN ,,cnr,v ot ,ar thot n
would occasion the National tanks no distress
IN rcs,uc s,,ee;e rovp,e,,tu ,n1 nm harm
wt,r,ltt la done to sho ,lcutor classes
But a,ainst this no1icy t,,cr. will In urocd
two o1,;act;on.. / rhnt If won1d con.roet
tho currency. arfl :. v'l,at Il would af11 to
fin animal ,1oroe for interest These o1,icc.
t;ons 1,ora m su,,s.an.;a1 wciplt In tho
frp. ,,1ooo I'm ,,oD1x ,bcmse,xae von1,1 1,p.
c,,no , roo;1, np1 oc,o,to,J, c,,rro,,cv n
NIL nav,nents of $50. sim. a5,p. or M.
wards. tl,rsa 1,onls woull answer oyorv mr.
no.o. on1 uor11 he ocrontot3 aa rcntlnv oa
,,rce nhocls of lin sa,ro orount. wc hai mn
jiof1 f1f ma
ssucf1 ito comnornd ;ntcrcrt 4 17or cen.a md
I'M tino ,otas xh;cb tbout,,, ,,orah1e in.
terest oys p,;,,c;,,at in frccn1,acl{s. wero pre.
ferrcd aa c,,rrnny, md circulated as free,v as
t,,o 1coot .toudor notes. Thero wont,1 tl,erc.
foro l,e m cnntraotion ,,ossih1o of tho nro;.a,
lilo curre,cv with w1,c}, tn make thc 1aroar
nayn,rnta For TIM smaller transactions r..
un;r;np s,na11er snms the ban1x.note circuIa.
tion wou11 meot every demand. Tho second
objection in eoually ;nsulstantial The mi.
f1;t;on of 4 ,,or ce,,f ;,+ernst tn eo ,nuo1 ,f +o
i,cht rcnr,saute, Nv the prccn1ocks funded
in tl,csa bonds wo,,)1 bo m additional claroo
,,pou tho Treasury. IT il true. but the bonds
world rcno;,, Mt homa 1yon1d In hold bv o,,r
own nco,,1e and c;rculnto froe1y among them.
md The ;n,crpst won1d lo rcturncd to the
people to be used in nro,ls1ction, and would
in nort In mid in thu first Instance lv tho
cnn;ta1 invested in them. The can;tnl in
vested in bonds which circulate as currency.
and aro need for t1,o nurchoso of ro,, matc.
,;,1 ,,,7 i, ,,,,,nor+ ~ r,,oos f,r ,,ovort;,o
that roterio1 ;nto articles of uso md con.
sr,,nt;o, cont,;hufas In tha ;ncreoao of
,,ro,,or,r ,,f7 ,,crco -, 4ho noyno,,t If t,ros
rho country. howoycr conId we'll nfTora N
,,ov t,,;a i mr. cant ;ntnrcst for tha additional
vaiuc It wouIt1 rive to thc national notcs and
IN t1o nern,anencv md stability which Tint
vo1uc would instantly oss,,me Tho n,attcr
NJ additional ;ntorcst s;nha ;n}o i,s;on;tcorco
oon,r,re5 will, ,1o ro.,1t of ro,;oy;n, t1,a
Cover,nent NJ fin oroot ,,iff,cn,t ord sorrows
,obor NOT on1v Of rsd,en,ino Tho oroenbacks
in oo,1 Int of f,,r,;s,,;uv ti,e ,boIo coup,rv
with coin with which ia resumo K,,ecio INV.
monts
Th,. coverr,ocnt, 1,v I'm s;mn,a e1ncf,iant
of ofrcrinc 10 tho holders Of oreenbacrs time.
noto, ~ i,onda leor;,,a 1 nor cont so1ves tta
1,t,o,a 1;a,o,u,, - ros,,,,,tion ~ s,oc;o 49,,
mentx 1,v ,,,e Govern,nont and r,ocea the oh.
1ioot;on and hnr,len of ca,,oroi resumnt;or
,v1oro u n-oner,, Io,onos md ,v;,ar, in evo,v
ot,,or conntrv Il ottachce nn,n Mo hor1s WIN
;e,,,, noto, an, ,vho 1,o,d tlo ,,,onov and +hs
.,.os,,o,;,., ,,ao1t1, ov,a oor;to, ~ tho oou,t,
md t;,rouol, whom nm nannoea md nm.
Hal A$