, 1875-08-20

auee ~ tho nest nthtesta o! the country. lie
bad no opinion EXCEPT genera! matrn.s could
hc cassed ~ Al olnnion, With RESPECT to kplloy,s
0,65 bonds.
MEssnB. sELz L CO.,
Wholesale hoota aud Buycs. No. 219 Madison
street, Expressed thcnneiycH in favor Of rpccio
paymeuts, Gu general prncitics. With re.a,d
to tho date Of resumption, they thought it
| should be a. carly A 1t mas poha,hlo tu do it
thought kolles's 3.C5 l1oloct foolish and i.n- |
practicable. |
Mn. o. n. EEtrH,
OF Keith Bros, Whoeea!e hats and caps, M. $50
Madison street. stated tito firm were opposed to
fn}Aton. bec&rso they were deeIronH Of tnlnR
business on a sound Ga4is, Which It VIA alnsost
impossible to do without rpeco payments. They
believed Ia gradual resumption. and a. n keI.
loy's houds. objected tn his thooEy OH general
ptlncirlcA.
MRRaRs. FULLER + ruIIEn
Wholesale druggists, No. "a Mai ket street. o1~
ressGd thr1fselves n favor Of placing tho circ1i<
ating medium on par will, thit ot otn.r
countries. In their opin'on. the preliminary
s1el ! 10 TINT end shonb bs taken immediately.
LORD. BsfITH TO.
Mr., George v. Htousenhn,g sud Dr.. L. H.
smith, Of tho firm Of Lord, I'm i, 4 Co., No:
| Vi Wabash ayonue. we're questioned with regard
| to their EontilHents on the Rama Bnbject.
| The former sail tho firm wss In favor OF re-
| sumption. bit that tho drug buhlnesB probably
| wAs not nn much influenced BY tho present state
Of financial nf1a,ra ss ho,no other trades. Durlng
the t,nle stncs gold htbt ent above par tho firm
hsi probably maria ,unre money by ita 1uc-
| tuationh than thoy would otherwise havo
been to tboir favor. "lut' aa,d Mr, S.. "ro
! think .ho country would to much better o6 by
| return to Htooe payments, and therefore We
,"s fsso5 y notwithstanding our n'eda do not do
K-How would you waut roturn brought
! atout1
Sir. ST. think It shout! lie effected gradually,
10 that Interests would not be dietnrbcd Tiers
!
istonco to tho present currency ayatenl
aud they would undergo q he'eEo har'!-
rsin a'x If rIt t';t H. .n"g x' .,ro, 1ono s
| wurking into It. and think II viii be cons4nl-
mated by the expiration nf tho tina rot by Epn-
Rress by degrees Bo sllght thhs bns'ncrA *til not
be arressed, and will eas'Iy allait itself to tho
| new order.
R-whst plsu do you think the Government
might Hafely pursue?
Mr. Sit might .ssno bonds md p',yei,nso
gold; or tic Treasury notes might he brn:lgtt
up to ras il tho Government would iesue hnuds
to take them uo aud advertised to ,ako them
Tor du.iea. II il the lac: that they would
Fsy aasi "as sy hsa sau ''1s' e st ss
receivable for such purpose 1ee reason
VII, they should not reach par. The National
Danks should gradually contract their circulation
until thev are able to reco,fn ln treasury notra
OF ko!d. sho Govesnusnt taking, up she i,oses by
, bondr. redeeniug them in gu1l.
1r, Smith. who III tho MeanlImo had como IT..
sad he wss strongly in favor q reHnu.ptcn. and
, down auy further imitation. IIo did
ilos want to eeu nIythin: dune to inter.
, fero with Congicss, AMI thought tho country
was very rapidly tending towards resumption.
Iie wanted to zee gold made bn.in Of b1*lucsa,
and takon out of the hands OF spectators. who
were responsible for itB fluctuations, Tho
:, greenhacks wero good, sustained III they arn by
j s.o credit Of tho country. but they wcro depre-
ciAtod by specniutoIn, who worked ,iI'otI tho
y knowledge that the Guyernnlent could not ut
present redeem therD.
sn. VAN scnAArK,
OF the d1ug-housu Of yhuachaac!s, Stevenson 4
Q Hold. mas = strong anti. rag money man. Asld
g wanted to see q return to specie DasH =. sao,
Q AZ It could be jadciousy etfected. Every hodJ
out Of debt wished 70 eee it. It was only tluet
!. lu q very ehaky condition who did not. Tx
present amount of money ho thought was sull,
= c4ent to do business on, and It would bo unsare
to further initiate It.
NH. c. u. HENDERSON,
7 | Of Masara. c. NJ, lfeutiersou X Co.. said tha
: though their business wAs not apparently mucl
affected By the pr aent state OF tue currency, hs
. would like, for the Interests Ct tEnde generally.
. to SEQ return to substantial interchangeable
r bas.s.
N.-Do yon think it should bo roachsd b,
II 1875?
Mr.. H.-Yes, should think 60. have no
q thought enough Of tho mailer to give yon MI,
+ OPINION ~ to how 1t should be done. 1t il ye1
q atious question. aud une not easily settled.
a R.-Hhat do you tbiuA OF Initiation
l. Mr.. u.-Theso Id enough tuolioy. { think. tt
. | do the present Amuuut Of bus!ntan.
it N,-ls IL TOO much
o Nr. HI think not, A g.oat many cntor.
rEises arc now II stn,rl btili. aud money T. nut
IS cm,loycd by them, Ii,a. makes the bulk OF tu.
curtouty appear excessive. II atl tho factosicI
J. aud manufacturing establishments IT the com.
,; try wcro Ut wot1 1t would DO called nto ielusi
t. E-Docs not thu low rate OF iusctes. irlicat
It that it il too pl.ut,fui3
II Nir. Ill think not, Tie low rate, l be
II lteve, iB attributable to tho cau.tH hare JUS
20 mentioned. or III other words, tho lack Of way,
ia | for ,nvestr,att
O. N.-Wnst do you think OF Kc1ley'a 365 bonl
nlan7
T. MIR. HI h.re mt examined It mnch. b1t
am not eure Tint i do nat hko II, Il lut,1. lk