, 1875-07-29


wl,on otl,eruiHe thny wouJ trn'ls even. fnl
might ~ we'll Hay that, II two hnys tsatlo jack
k1yes ntI tho bnHIa OF Aapreclatnd currency.
thoy bih loBc while, II they tradea oh eo'd
basIa, they wOn1tl como put ovnn
Init although tho kivantAgcs Of gold over
crenhacka nre ofloD nyaEtraun, they ara Ron- !
Zine; anl the question IN. nso shoy sutllcicht 10
ovcrbaIanco tto t1aatvantaeca7 >.
plaeo with goid wonlt fcqtliro an actua! outlay
ii, say, $3lU. 0lH). .0dO,-sn amount equal TO tho
cost of two or three Pacific 1aDllronda. atcalnEs
and a ean think Of no way g get t''o f,,a r.,
pofBon who tnks that paper-moncy can bo
irado equal in vatlo to gold without gold to back
IT, Ia ~ Wild aa tho ono who thnAs that He can
got rich by printing irfetleon,ablo currency. 1
tnlts, and RESOURCES ot tho nation " when there
arc no faith aud resources ~ Tor si,ns
based OIL gold when thare Is no Ro;a.
II you ssua two paper dollars paHsnn, y, ,n,s ~ ~
tay them with. you rrn riak OF not besps ap'o
10 redeem tlo.s,; aud tic rapash cannot 1'3 ~
worth their feco-valnes If yon Inyoas tgo RoIdd Rad
where il wi draw tntotah. a'n .as'.' III SeI T.. ,scam
IT, 1periepce shows Ihst Que II Kla ~ nu.
cient fur tI.roo III ','Ioa-En lho neeSAeasss aass
nj trails aud scarcity al gold may make It hoal
inl7, and again i; 1857, that i ia MT ~ good ~
1uI' Iihu bank -notcB Of New England. New
SoTk, ohio, 1ndinua. Maryiald, And Louisiana
continued 10 30 ~ Eoosl ~ RolN--Itp-i
II capital u wor!i PEI ccs. .. aa,, ,,aora
tofeat, ~ ~ ,;,"n - " car s.vs lin cntifo
annma et of c,rronoy by using .thAt which cost
uotlltne. IDnt it does cost much BY ductnations:
.-ED.l I,oH,dcs thefo Is !lc loas tn handling
,noney. which would probably need up tho et,.
t,te vuiu,ne Ut currency once iD tIfty yeasB. II
gold ia worn nut or lost, It H. dead 'osa ~
wwi.at il toat iu gEcenbaeks II q Saving to NC
ftuyernmont, And IL. oHutva1out to tax. or
cournc, tllese AayingB arc to 10 rot over against
tbo lupsca in tho depreciation aud iluclnnt.on OF
paper money, and tho 1neation ~ which ,s tho
most oconomicals II any nAn believes talat ti'o
aiyantages Of gold-cufronoy will pay for tho
investment, let him commence selling Tor gold
And t,l,vins will, gold, nna stop Ais xra'na1iMg.
Faith without works is dcad. AaElioo,
-----
OUR FINANCIAL SYSTEM.
9b The Editor V The ch'tnDn Tribune:
C,ttcAoo, July 26-lsolns a regular roaler Of
xour n,ner I nolico that you Layo adopted lilo
~, =, ,rn,in,, our orceniorks At uhat tnev nro
psn o, qaos,"s wv s's'na A. .,', 10y ~,
wolth IN golu' OF a. olAcoua1i "nlcu an e!uu
to aec III it will keep hetoro tue public mind
that wo arc using deprecated aud claugaahie
eurreucr,-an important atop IN tho right dfroe-
.,n. ~ IL nj aacn, IN roa1,zn ,,,,t wo NJ,
uon. "o W A's nee'ii ~ 'tan@" .aa' NC a'o
| using \ deprecated currency. and thRt al tho
varied interests Of tho country are suffering tn
conueauence OF II, Tor tho reason tint our cur
fancy il mot at mar. mud ye do not rocovo faea-
so'e, 20 ~ - r~i' "a1 s,1.I,o. .,'N 80 81
Fa!ue 'of I've W. ta'e ~ sla"o"iu o'ne' tnhu
tho law~-its legal-tcndcr foatura-to measure its
vnlWo hy direct, and estsnn!e tho value Of It
whole, a,,d AZ calculating nodium, by tho email
.,ro,,,t conrortnd ;,to cold whici W. mod 70 nsc
r,,.,,oana "+n - .t,Ta4ien,v :.
.e,.e"i siII|" ,yi,e"ln in mr. i,nancaI yrnIIcn,
~ iho asc"sa;on ~ IL wn nvorionk fha enccini
cnnynctrr NJ n,,r f,nancal syate,n' ami acrent il
e ;saix u ari ~ snnav hss'd tt,nnr;yi and
',1,M" ,fst,nna for +,o ,osnmnt;on ~ ura"'n
n"vmosts a. ti'm,r,, that v;ii nsi}mat,,v fui]nw
H. % iou;tima.n workings Of orr s,storn. AZ Soon
r. TIC county inin Eood ShsRs Mow the q,es
WI ~ .,,1,..t iii ornr xnri itsay intn
vnnI AMI hasithy oonilitton undar or financial
svstotn nnt, wtout radjcai ci,auno ia its ltupor-
ttn aS.;., - o,,sn nttfn anrt,r..rt ~. rna,,
ln ,,,;re =; ,,d"f',,. ~ ~ srtsnes NJ
e,r1ra,nn, anl nY nnr nrnr1eas tnwsrIa nnec,n
rayman,s hv what H. tnrme5 tthc conrse ri
r@id :" NH XII nn,y. IMt foy the ann,crjxti tion
s9u II nnr n c',rrn,ov from tho hasyy diseount a.
y. wv .,.ta% ~ H. eio.o ~ 1 t.. ,ors
,s.i,,l5 havn haon rraot i1ises,,afac,ion .nd IN
'Hdons.n n .,p h,nvna1 svat an nv si rarn,art
how .,,,settled aud doubtful wo wore Of lta suo.
currcucy horan to ann5rc1ate. Nav. II tha M.
1aeat t,' ~ heo,, mnli nasc md mr. cnrrannv
r. Ie"i1y morti, to.dsy III oonts to tiio dnliar y
o LILY ~ cirru,s t;s,1 mainn, un,sor to t,,,a
"wa ~ ~ finnnce. W. eertainiv havo m csuac e ~
toht - tha SMccsss ~ c,,r .vs,cm hnt "n t,.s
oo"traTv Il ,n,lll pe tbo prandaat financial ana.
| osaa unler The ci,rumpt at,ca. nvor achioyeiI Il,
, os.9, .a,,ntrr s4T rna si.;nnnrtant ona';an l..
sEsotHn. Il !. ,rar.I n III cs T"ctcr ~ e+c
aI,.1 ,ad;,, 90 cnn+a % ranuov ~ 4,nro1
m"fass ,n,tfns . 1oIl st,ndard ~ ra,usa: MI 4 !,
oor,s,n1y lima to ,nyoa,uata t'to joujca vors,nr,
n1 nnr systom' rlo f;oue bach ~ n,,ns ~ ~
vuf oy "urrerov sa .rsn ~ sn,acs,t ~ W y
iti,, ia IN ,cr cont ~ no,d link wIIn t,,nt
tepo Ina a. boz Boon no fIri,er permanent % i,prova owe
s,,e ha1 ~, t,,a ronsrsrv H.. "uaravo J!oo
s's "a ,,s.tor;s,fs n,nrc sA'
III nnp;ng % Ito nanin Of 1sTa. our c,rrancv von
+o ,v;t;in Il ner rcnt of add. w,ap ,nan~ ~ M
so,,ina na rpra p NIL aver Tie courtrv srGuoI a
rae5 ~. k.,t th,t w;tn a;Wnra.n ~ 4,a1 ~
su 80. ee'.t hat,..s" n,r c"rrancv mi noa T. na
ol rnn,,ns,s ~ ro,,n,a snoc;a.naynnta ..
onf w NaIiSnai uoycrntnent sskiur tic ins,,eura.
@ stan .no rwfnhNi- for rosnlt ,yonit, roIInss
" sou anraro%r hnsi"nsa ~ .nv snsia,,a
tnnt ~ ~ lsotng w'ih tn,a conyc,,on WOW ~
sns,nod to ho .,,ci, .onr 1,yoa1dant IN his .nn.
nuuu saaa"e~a ~ ,sS, S.i and aur sccrstarv - ~,
Trtss1rv s IL his renort. co,,cratua,oi t,a conn m
l 44@A14i ~ l*' |9FeA] s4'sh"~ seo HpuA