, 1876-02-16
THE CURRENCY.

To 1acip 1sesumpt&un we Hlnsf Eu-
courn.ss Production
In As EIttor Of ihe Can7Jh 7ribHns:
BERLIN lEranTs, o.. Feb t2.-1u your WEEKLY
Of Fob. 2, under tho lh,ad, "a Help Id Isosump-
tiuu," YOU At Inst gousi tho key-no:e 10 that
much harpoi tuno. Liquidation with rafertnco
to tho encouragement Of tho industries OF tho
nation will 1p moro towards bringing about
resumption than can bo conc by auv
other plan yet devised. We arc rich In NntnSes
bounttcs, and, with tho qentua, tho onorgy, nnd
tho industry Of our people, encouraged by vino
legislation 10 develop theHo 1ounties Into astt-
cleB OF utility aud pleasure, VIC would boeone,
xthout = reasonable dou ut, tho greatest pro-
duc,ng county In tho world rad, inHtead Of tho
t,alauco OF trade being sgaius. ts. 1t Would he
largely in our favor.
But how orc NO 10 foster and encourage indus
try7 Thnt Ia 0Io question. Ia II by continuing
tho throat Of resumption in B72,--thorsbyt
through tho uncertainty Of vlat tho Status Of
money-vaiues will DO Then, preventing tho
Investment Of capital In my enterprise
other than Ducl as promise Immediate and largo
profits Or by q apoudy forced resumption, aul,
by sudlen contraction Of values. forcing bauk-
ruptcy upon tons OF thousands Of business-men
all over tho country2 Can thrift aad p1osper-
4kJ VAAbk AuAGL DAtA u 6t4tk1 uA uu4ACAbt
ity and uncertainty? Neyor. Thcso onfE can
bo gninod ouly by and through tho immediate
repeal now and forever, Of tho Resumption rcBo-
luton Of 1875, and by tho ra.sa5c Of another
resolution instead, that legal-:cnuor shall con-
Btisuto tic ".noney Of The realm" Until tho
influx OF gold into tho country In such duantt.
ties ~ will cause II 10 doproc,ato to par With
the lawful money Of tho country.
For this condition Of things wa would not
have long to whit II tho proper measures arc
taken by those .ntrustcd with tho dsposA! Of
uur financial {1torcstB. A. fact which, In lts
simplicity. adnits OF no domoustratlon,- -thete-
fore aelf-ovidont,-ia, thAs tln ptico OF my
article or commodity ia governed by tho detnaud
TINT exisss for it. Thus, q busbol OF wheat,
which is worth 81 with u crop OF 100000, 900
bushcls. would be greatly enhanced in prieo
yer, we're tho @ crop to DO reduced 10 looooo.e9o
or more than double what it was. But
suppose. Mt tus junckure. thore Ia rnado the
groat discovery of sono ot.b!o which coulplotety
takes tue place 81 nhoat Is @ hss1dstut IND. I'D
ut q hundredth part Of tho cost Of wLeat. What
IL tho inevitable result Tho pticp of wheat
gocs 60 low TINT It ia not worth producing. but
SUPPOSE ihcrn stii contluuoB foreign detnhud
and not ouy 60, but TINT VIC. u nnuon nrs
under tho necessity Of supplying 100,0t0, 900
bushos annually for this expectation purpose.
tho price Of wheat, In consequence Of this no-
~, amann.a1 ra.a S e. ., "A, .,,hs+.
tute, @ Wa hayS sn illustration % Of tna % worInss Of
anr nrrsent monetary Hyatsu,. Prey,uns 10 tho
o,d ~ n"I II. ,h t' roons.it,as S
,i'rdn.t, ANNA mtamana~nmart - IL mi c,eor NJ
wi,;ch-a,,r COLI waa ro,i1cetl To- 1ess than nnc.
third what It was. We now hail recourso to
IeBal-totidor, and under IL wo havo prosperad aa
a.pcrco my r'1nn"" In, Mjso tn anu
, ,,nao5 amha,itt,,ta Ear '' rhcat :, ~
Eor homne,,sn. cntiro1v sunnja,,tnd tjo nsc
sG ,as rasa ~ v"ar,y %u .nnne uun aos apo
ysil5o II Eurano. opr nsnor cnrroncy world.
: :, van, do,,ht h. on @ % nar vii, rod nnt ii,o
se.. n'nd Tor Tint sloo oo5 5ooo insseasea y ths
ptaos so o,'s "14o'' j. 40 *''o"s' P'e'''' u
IL pe1 havo shovn in tho na.s of What II
!,,nr, m = = ore No foro,gn requirement Tor that
ata.o.e, 1,n,c wi;ct snb."rvo1 war; rnrnosa
another ~ % no,,o ". - greatiy ,n,sc cas1 ~
n orodneiit, d n lie Old oroadssud would greatly
"a value. So, il 1s do away WITH slo
~, siuo Tor tho p1rnoso Of sending to
ursaney. a -, rioa tho nrcciona notnta viii s1nn
Iou mr. viii ecnl tonder not sink
~ nsto onr eurronoy, Lsae An Il IS on
u u Fa,ua po.o :, nat,on ''' ~ ~ ''' va
'''9 n,. cseals u az t,asa facts ,p.et ,x tn I'm
an'". H. Ho. =, ,ca,nv Tho 1,esnmnt;nn net
ione 1es = 7u;rno Iuf;e. N l,e nri.5 n roI
1Sceat Ite tn.o :" sho 80 ,yy
th'h o. itses ID ;ro. IL axsu 1 r,, tM ,re,
ssoasly ~ 1oF ol " Ao''' w ""5 VAN '@''
a4 4' on Eoiu' uow stint, ,ro In o,ao t, nav
:, Dut nm aakco,'' 1to" aua't ~ ny suu ~ KY
Inc Interest on our t3at t.es ~ ,nr
2us ao'te ,uesus " ,ra ,sn+S n,,irosi IN aani
;ao ~ ;son nnp whs.t - EmTo,>a wnn1
auUooo9oo bnshes i,,., t,,o Trna,,,r ~ouu
@e require u 30 be hs' sao AT a|s .3y,,,,1s
aat'es on ampotses s,a"tis. 'a ~ ~ "o1aa H.
aot "aeAt neeo:ao sf a. @ aad ..o - IN
sona WnNt 20, Iu.;n, uo' s' su1 T., ~ W
IN to way au .o u, np ao
ne. retaae IL tho oo1eet o. ,t.e, 49,, ,r;nna
ana re Wofss 1oIms o. aoeI ~ ~ ana Ia. ,r XII
NY 70 tt3e 9nestion, low eA ~ 49, "" Ya} sJ
INTEREST," low dld Ffapcp ."ay t,o' HluuanS mMa ,,,
tent 70 her great con 0M ao' ~ uA' r.;a unt'
7on aoliafs III goa wa, ~ ~, W 5o,,,P PAIL a.
In tne bf1ot anaca OF tonF ~ r. suns auot W.
Wholly paid; md strange to stl' ong opG.tensh ~,
oi tn"t K1nat uent WIS rata ~ ku.a. ttI " ~
n1n'ng hihe.ton1as nas pad " onnnfe aan1 q ua
=, franco was ~iso: sile ISSUE aeg~.'.o4a a'.4 ~
kiio &Hi0Hnt Oh FGUD u4u UG ku1 tHufEE Das HHSEs