, 1875-01-18
How Such a Measure Becomes Prof.
liable.
Some Dorisive Comments by the London
"Times,'
Letter from Adam Smith.
VIEWS or CHICAGO eanxEee

| tiVN In Hnrnrinr ron,1Ik ,1na3roA -.
~ ,,,on,~.o, ~ ~. uo''' 10 W. o'en -
~ un'' 'h'e'ess 10 the people OF tilt
bill, and tho likelihood OF it's comforting uno,
the people tho relief contemplated and tie @ s,,b
ioirsa vio1. ~ sor.. -. .I'I az. .ae nep
Cb;c,r,o .,>t.,aas ~ Wv ,eAu''G uanhes'
o' op''inoo eS'utuay py IhfnuSE re-
Poftof III a tour among tho money-klnge, will b.
road with unusual Interest at this time:
TIE HON. ". r, coolpAuou.
prcstdant NJ tbo 11n1on N.,,on., uss,x
suo. ~ ,,..s.I.. tHa'n"t 1'"'s' :" Al
@ ever 10 Iues'ion as 10 h's opinion Of the new
flhance bill, said:
"Tho law, as 1t stands, is entirely inoperatiye
and muat ron,an 30 until Congress furnislc,
soma aunnlomonta1 too;s,,,io,, o. 49, ~,
49, -. .,Si Aoh'1Attou f., ", W garry mo o.
iees ho PfoylB'ons. 1he Dill ptoVtdes for the
resumption OF spocia-paTment ut n doanito time
but makes no movement toward resumptou. Ii
is as thouuh n man uorr to s,r,u,,a H. ;.,,s
H.. -:. 'eA "oAo " "nnot1ieo h'h inten'
-'on " uos4"s us Aouso A. Slated tlme, but
never h1ted tinEer to movc,"
Aeportor-What do you think of tho Presi-
| dents recommendation
Mr.. CooIbauobMr oo1eo with hin, ;n .,,;a.;a-
c+,n,,la,, an.., "4sn 4'la - tnnnan8
~, r. ara.. HecosshFy' hlt not "a
In is ,ist.sor, T., y. .usln.on thln.s
nor rant rr",n;,u ~ inss, VIII gou o. III
lnn hsns,,an l.t, e.ne, WI coIne INTO c1fcula-
| thna q ""se ,sss@ @ ".tn bu'o ~ uleher premium
-nn nannt 70" pu1 eaat, snYnr can 10 exported with
! n ~
40 long hs it maya botter to expnrtit>
Renorter-Do YOU look FOR an incrcosc r.. Mn.
tiopal Bank circulation undar ths rnosbanlin.
''WSJrr 'Ws roo,h.. ,..,-,.
tr,,a ~ ts e;, tnlnk tne reverse will bo
| be retired rnther than incroased in tho nrgrn.
CATO Under tho PRESENT onarona n-nviS76ru
tho espionage they arc subjected to- and The Leayy
= s"at.ap npoa W citG1iatlon, hatlonal tahks lind
ssnil,g more. With 6 per cent bonds nj a nro. ~
mium Of ID or Is pnr cant as they nnsv srs M,
is strong indueemcpt for tbn National RanLs
to withdraw their circulation recoYer nosaasainn
of thar bo,,is and .nII fEaan ~ s.s. o1.oeo4oi
eroncs to sceine the bondS eraana,, daI;n N as,"
wards par ~ greonlacits and National Hank
tho PROSPECT Of boine compsod ID to ~ resam IN
gold oil outstanding circulation. Mo, sir; viii
next tho years will $50 . ]aree rodnction in NJ.
per circulation, ''' ~
Reportcr-Do You anticnate thtt thu ro1,c.
tion in tho volume Of National Uanls circnlatjnn
vii! bo so great as to interIerc with hna,eaa au,,
commsrco?
Mr. t,no]hnprh-T IL ,,,+ .,~>..t ~,
ton viii go SO lar. lie country now w has ora
money thnI, Il nee1a an5 no'ft5 sto,,5 LAS uute
ton. what so want, and % must civ hayc' in te'ur nv
opinion, before RESUMPTION becnnna nnra,hio y
tiona-Bank uotes and s.,lstitntn Traasurv notas
or vlee yersa-it doesn't make nrch IiiTerenco
which Ia alepted aB tic CURRENCY have m,
other reason still for not anticipating m,,c heno-
fit from he law just passed. It Is % beca1so Ho Of
tho prevalent distrust and uncertaInfy M ~
what tho policy OF tic Darnocratio maioritv In
Congress will be. 1 Lave hearl tho onn,on
expressed by intelligent moi, that tho nressnt u
lau will be repcatol by tIo Democrats of fhs
next Congress; and not withoIt reaann = ~ ~ II
will bo noticed that they yotad aImnnt sa,i5
nRainat the bill lust passei. ''9'' 'on1
hi. 8. n. u,uxKnsox
President Of tho First National Rank, tack
BONE what dit1erent viaw III aaiI ~ ~ eon 80
CuTTency Inv.
1.-THE measure, in nv INDIGNANT Ia a u;ao opo
and if Congress- viii ii It aonn ond .ios. o,e H.
country to adapt its business tn t. .hsl;",a eu !,
viii work pll rebt, II waan't int IL tin t,a y
anybody wanted, but was comnronaiso ,asas,'rc
and, though tho bill hav defeeta. It h,s stettod
on tho rignt road 0''' ~ na0 0'a''oa
Roporter-What will be its ofYoct nnon NJ.
tionnt Bank c,cuIat,nn -" e''os' ap"a &'@-
Mr, Nickorson-in thu c.aa NJ N. ,.roo- ,,,,s
In the great business centres md thns6 hora usns
the largest Circulation. thu tendcnev 81, ~ ~
retire their nntcs nd =" ,ssNIosf ~. & ~ ~ 10
amount In tho nggTecato viii n %tar.,s Mas aaIsee
viii bn aldod hy EIto stnrtin1 ~ no,v hsn MI
First NatinnaI h,a ratat, ~ - e ,nnn ~ Au9