, 1876-03-29

~ hHc -.aHpI " aHR c"s@A!u A''VHfEs
CHICAGO, March 27.-Tho bononta and evils
flowing frum tho imnonse issue of honda and
,tnar ron.-,,.,,t ;,a,,,,a,ns. ,,,r, ho,., -,
,.t,,.n t., o.,, a,'a,.,as. .,',t !, ,s a,N,a,,t
maIs!totm ~ oo'n a'lscs,oI'a ela. IL ~ u'nc,l,
tloy @ prssaot t thomselves vel to different miuas IL,
aci, varoua 1uIta that Il Ia not aHt on,a,,inu to
,si.n,ss tt,o latterneas oyinced towards tf.oae
w. .a,. .sn.'t ,,,esr y, ~ a,,."a. ,I-,1s'
WHO taee o,nefent views Oh TIC SUBJECT WHOM
VIC look as objects through red. OF grccn. or
yasIp.l colored Hpectaclcs, thcy aro nlL to uH OF
the color OF our own g,asscs, and thoro sro 40
80. ~, 1o,,, thr,rn,, ,,,,fs,,,, g.. 49,.
w, 1sM Wv 'eeA .' fe' ~'oa' onso'
small indeed who hAyo Just eat,tnntcs Of tho sub
1ects that agltpte tic public mud AZ prosept
nn,it;ciaps aud statesmen e,,,ortau such a,vor-
gent opIuions on tho eurronc, question that
probably mono OF uH 500 it Ia its
true light. Tho vast tsbue OF a3, 0t0, ,00o. 900 Of
Government indebtedness WAS great an In
oreaso Of tho representative valuation OF tho
property Of tho country that It will readily be
soen to havo nomtnaily Infected valuations sn tho
sa.no proportion NJ tho representation wns In
c1easod beyond tho increase Of the rppBosented.
80 That II VIC aBBulne tlo yalno Of tho proper
ty Of tho country to 10 4J U0Q, 600 QUO at tile eno
Of tho lssua OF The indehtodnoas, tho adding Of
, like Bnn would naturally donblo thp v8lne. but
tho yaEs1ua kinde OF property would not instant
ly bo doubled In their estimated valuo. TEat ln,-
tuGul3LSl$ lUtUAuuDu l0f nHQ HQH%u 10 6uuaHCeH
vastly moro than that which would ba moro TO-
mosely wanted. Sh1owd, thoughtful 1nen direct
Ing thelr attention to tho wants Of tho country
auasBed intncuso fortunes by obtaining con-
troll Ut tho leading articles Of ucecaBi-
ty amt advancing pslccH to cxorttant
ratcs. The succces Of tlIeso npeculationa in.
ducod similar operations iu I'll chunnels Of pro-
tlucti0i, uutu evorg article huqwu ID property
roach1d tho highest limit 10 which spectators
could ndvance it. Tho benefits aud blessings
Of M Inflated currency lays boon, to their NJ
most cxtcnt, fully rc2lIxu4, suu ws arc now
learning to comprehend goule OF its serious
oy1!s. When the pendulum. swings TOO far in
one direction, its seturl, vibration Is naturally
with Increased force 10 tho other. iIow can the
equilibrium bo most readily secured, aud in tia
aafeat manner? 4 uniform, stablo currency is
tho only sure basi5 upou which tho business
TRANSACTIONS Of any pcopIe can bo Bafey and
honestly coutiuctot. Fluctuations In values cc,.
orally, il not pfyersay, result iu favor OF eocu.
9ato.s aaa not tho labodug iotiustrioua classes.
1t Ia claimed, especially by those WHO favor
paper rnonoy cjrrrlstipg MEDIUM, tbkt It tsuok
un)y impossible. but unuesiroble and itupoIt1c
to attempt TO secure 4 coin CIRCULATION undor tho
existing cu1nu,orcial trausactions Of tho world.
Granting this to be tsus 10 regard 10 alt trapsao-
tiona OF magnitude, still 1t appea1n TO uo that,
in all minor ones, specie or coin basis mar bs
secuteA To accomplish, this, however, The
plan OF demonotizing silver ahoutd not only ba
abandoned, but tho mort Btrenuons cfIorts pat
forth to make It tho medium by means OF which