The New Orleans Democrat., 1876-08-05

,ness. Is redeem e.esss,v? lssass sn9 preydsA
ssosssG ne ossssssns ys NJ nSs SS0esss esS.sa ds
former. instances % not now sx)st. Ins HOs- H,,s
and ihs banks can take caro- III themselves with
ont fisitwFinR ANYBODY. The Government y
the s0ls delin0usnt " Ks FAtt -
LEGAL TErDEE RESUMPTION.
Tbs ap,ount of the lsge tender notes 0f The
%" "y ooo Sss|dss VII coooo d fractona currency,
aIY ftnns "a good. Al specief II has 10 provide
In reierunos to tho fnnss which would be kept N
uss by the wants Of business. central resnr .,...
voir of coin adequate to the adjnstuisnt 81 the
/ temporary Hn,tuntiops Of International PM.
anosa md as 4 guarantee ngainst transient a.s..
arsms a,o" a a|so 'f !" prosiSs % ior o psy,sp 81
au,.h FRACTIONAL currency M may bs bressttsd
flor roJswption gnd such ine9nslderpl!e pgr-
tnie line 1, tne msy desiryt 10 convert fer specinl
uFo or 10 order to Iay BY theif little stores
= ''V RESUMPTION ror pfrrtculr. f8
To make coin In Tho , r.asurv available lof
this rescr rye. 10 gradunlly strengthen ana or
iarse that ressrve aud 10 proside Tor snfu o,ffr
not s.,ass II mo TO DO a work of difiicolty,ii
wisely pa n ned sud discreetsly pursued 1t ought
eos Ky ssss ssitlsp tsns m !" M - p"Inss se
yival of hope nod ronHpeoce. The ao'n y, ,n T.
y'reasury on the soih q, Jnue. including whit -
held ,wsginst coin certificates. amounted to neti-
| iy N CtOdWD Tho current Of precious met Is
which has hgwed out oi our country ior s,evs"
years from July !. 1860. 10 Ju1s ~. Its. aserat
lag pesfly $4,000. 20 ~ year, wss &tJ2DoohDp ~
tha whole ueriod. Of which sCt7 Gph.Do1 wore the
| proiurtA OF on own niiuas. To amasss tho 'rdn
site aunnt 80 hy intefcpt'ag ~ = or, u9 ,,,
! iowiug ont 0f thg country. ma ny yGunu'pE hpu'
| the y oeks ieh exist broad. wi hohe ''f-
! inrbinu the snuii,rium of foreign. money MAR
krts. IL result " be egfiy arhea ON. .,,s py sa s,
/ tieni knowlcd9s and JnazWent. WIN wpnt rssp"t'.
~ whatever surplus 81 iega' tsuuofs l'ap T,;t Tat
pf hu.inoss may ia 70 hsep " use. m" wu'f9a. ~
in order 10 snys interest. VIII pe rothtnou M 10.
/ redomption.. hey can 10 aiihef pa d. or they can
he funded Wbat ,et thoy contlnus " au,usoy w
Or os sIsorDau mo ne 81 ms ~ , sosu, ~ ~,
had is Investments ~ merely Hnai- -hon M Y, w y,
/ rnl9 ~ interest lbey y NV sven ), tnfy ~'s.o :"
enHin In tiirir present form, hDa tuo Eospi "
ment were e aarse o pay - t'es' y w.. ~
terese making tbs'n dos,r .pe us iasssIt,%snl %
they would cenEe V clfc.hte am M,k9 s', W a',d
| place with dovsfnmrnti E'ho' huntc,pa. sst ~,
/ ether corpornte nna y lsue ponds. ~ WIZ. rwhi,hha
thousands OF millions ssist among US. ~ ene
! perfect ease with whicn lney eap pe cshussa
rom enr fmsy a,dp seoa IL III. S naani 1 On II
general meHsuTs 70 remove 9 eh'ly hseot
thiped surplus, thft is.lne W'tpereNsi i "i Wy NY
wnt1hasg iibi ~ palblnent oNfegS psyo,uu t,o
| wants Of bssiuces. Even more mseli'eyons
1 would be NY Dsnanrs wuieh auNfis tne pupli'
! Inauguration WITH fear ot an hppfeiehuon s's.l ~
/ city. ln tho community where Greg " 70 inucn
| used fluctuations u values end ,iissitudes ~
| business are largely ansed i,y the tempornry
beI ola OF man eveu before thoso boliets con foim
/ - ~
AMOUNT or NECESSARY CURRENCY
the amount of he necc s. ~ currency et u
| given II no ,annot be determined abb lily.
! and ahoa'd no 10 ntsuned upon conieCeure:
tb,, h, ,,ovnt IL aul,,eri 10 bo Il ,er,plneut vi
| ta,npo,pry changes, an oni ,gamcni of wbca
| seelned 10 he dnrnbs. happened at tho Deg,n-
| nittse ~ ths A;si, war by Il sabgtuted nse ~
n,s.senav in nnne o, Individual ID ries wi
| qarinin Ainies OF otis ness. " nuo uaies with
| agoIiusrnhla repnInrity nt ,i,ferept seasons Of
| ths ysnr. 10 ..ntntun so instgnse when buye =
III ~ n 4 ana .tner o. ic .,iiur products begin
| their oper.ttiona. t,ey eRdily need 10 borrow
eaptal b. eir uini, ~ cr di by which TO mn g
,oir pn II, see. nuo waut u Sc funds in cur,
1 ,ensy cepuble Of tene d,st ibn cd n srDal
| anna snnup u,imsrons seils A. The additional
need of currency hi such times Is 1--WE or more
| nor cent of ne wnoie yo1ne mud IL n surplus
| Revond wis, ia reuui,hd fo,.o tiinary u o does
| not ,,anpen 10 have besa on hand Mt tho money
| centres. n aealti ~ eafsency ensues aad a'ho
! strin .ency in tho loan myreet is ~ 'elc :
.age W aneh ~. ,,i ,s.a,,c g. tha New
/ Y sup1eei ~ ny '"n"', ,ntn"s' ,a{s Tic
/ lofk liASitt"le W '"""',s t,. ~ E', Ia, ~