, 1876-08-05
CHICAGO SATURDAY, AUGUST S. 1876-TEN PAGES.

!T.luenec Of every gooi citizen, A. well every
tinscrntnnntal authority. ought 10 lie r1ertcl. mt
ke.s s :. f ua sw
color. vho arc now united in the one destiny os.
sss e s .s tot M r. o d.y .Eys5:ss ss s be
powers With which the iuwa and CanAttutlon Of
%n o s Gontrs S'othcs L. chs o pto.cft
every political anil pcrsana1 right.
-. TliH usttnENcr.
onr.ntnn 4 celatss s st. on's
ttare public credit, and 1nantan The nntionn hon
o. e." and i gocs on e domand 1nd!etous eystcm
Il bg"ss %.s s.sse @ II % s. r.
ahle tho nation soon 70 assure tho wl,ue world or
It's perfect ability and IT. perfect readiness to meet
t!tted y paynsnt tic lie o1jset demanded len ~ the
.he l,cgs!;tenser noteu 4 the Tilted states That
tain !shs national honor, Git it would establlsh
ss II os''''"sy wye t'F III III. PseDsS SDsee The meth
itr "a BE- sttsneii aso dsco.ei by what ths Con.
ycntlon demanded toE The future, and by what 4
paymcnta by tho Government d, the un!sed states
naymeats BY all tho banks on Al! t'.er notes. The
ol}tclal htater,ent rnado on tho 18th of MnJ ehowa
H. f.: s, s3 99S sS Peg e. ~ y thc.esss: XSans.
kHcsC NN or HHtch Tic Q1nkb nG!u $l4l++
6o per cent Of tE,cit atnonnt. Int thuy also held
deposit In the Fcacsal Treasury, SECURITY for
gold about s:lu0, 800, coo, aTailabs and current
h R fstsen oey nnac IL Fl The
70 DC presented tot payment, would hnvn Sft10,.
~ho 'a d III pe eus
en s. ssssS as s"5 e
huvc usually bccn obliged to collect from needy
borrowers the means 10 redeem, exccseiye lasuss
ID therefore often associated with the process OF re-
sumption, but !Ac condtlgna which caused the dsA*
trsss u thote former instances do not now exist.
The Government haA only To
MAKE GOOD IT'S OWN PROMISES
and the l,aks can takp carH Of themeclEct without
9fsnx fss ss sxs 1yeSg e H. Il Hs5s
is iess than 1870, 600, o0O besldea s, coo. ooU 81
fractional currency. Now shall the Government
has to provide in reference to Tho nlass which
would 10 kept In uss by tho wants Of busineHs a
csnt1a! rsservor u son adequate to The sdnst.
transeut % e"'D sfsu 4 aftacjay ''' ersatcd "
ssfs aose e' 'nsp # 4 es LII ao 81 .us f.
dsmpton. md *ueh ieeoari.erahlo portlon q legal
csirs 10 convert fer tpecal u.e, Or In order to lay
by III coin their little store Of money. To make
the coin 1l0W III she Treasury available for tho oh.
enarFe tsat rtsetse, and provide for sach otSef @
txccptlonal demands 70. coin r., a. may aFlsc.
cost auy saeracc 10 the business or tho Country il
should tend, tho contrary, to tic revival Of horo
10th Of Juno, Including w'ut = hold against coin
certificates, amounted to nearly $74. 700, GOO,
TIE cURRnNr or PRECIOUS METALS
which has flowed out Of our conntry for eleven
years from July j, 1906, to June -, la70, ayerag.
ri II liz Ss, Wos Sssio q whs sSi7 90 ws9s
requisite quantity b. iatefcepag from the cnrscnt
flowing out Of tho country, ind 6y acqultnx frnm
the utoeks which exlgt atroad wlthoat disturbing
the equilibrium OF foreign money markets, ts re-
snlt to be easily worked ont BY practical knowledge
and Judgment.
TuE unEENBAcKs.
tho wsnts WI Il business my fa to keep i, usc an
which. IN order to sayc Interest," VIII By returned
for hs 5aey %heSsq S1f iev os pn
~ currency Or be absorbed Into the vast rnass Of
securities held " Investments Is merely question
Of the ra,o Of !ntgscst they draw. kyenlf they
asa' iaa!est mating sssf i s @ II IT. sy
p ea aa w
and pFIyate bonds, Of which thousands Of millions
exist asnong ~. In the perfect ease with which
TIE ONLY DANGER
Ia bc Runr,ad ngninxt In tilr sjont1on of genofa1
easares intcnJsI to remove clvarjy .ascestsined
surnlnH, --thst IL, thc withdrawal Of nny which
wants Of business, Even moro mischtcy-
ous would b. any moasure which
pseAenaei a scarc!ty in community wheso cscatt
|. no much used. Tho fluctuations of values and
temporary belie;a oi men even Iolorc tlof bylirfs
The amount Of neccssary currency at rEyon
tins capot 6c dctaImined arbitrarily, and sf1ould
subject to Loth pes1nanct aid temporary Changes
x,t Enlargement OF it, Which sectncd to IL dTFas,
iaun"nr3 III Tia heginnfnr al fho t;}vfl
WI i,v snl"tju.ed usu Of currency in
ninr, ~ tndiy,Inni crrditss II ynrIes with
frt;sIn atSI " stntrs ~ hMsine.s. n iimctu"t.s m
viii considerable regularity Ut different
srnsnnn NJ thu yrnr. IN autumn. for fnttancr.
,yh4n huyer. Of Grain md othnr ngricMltural mod
Mcts hSSim tn.ir onerattnus. tIcy usually
"nrsl N b,r,ow cenn, Tr cirrniatln" crciita ~
mSich n usl" tEsir nn,chnses nnde wnnf fhrsn
faHSs in carfency capab!e q baing distributed il
crs. Tho. additional need Ut currency ut