, 1876-08-11

1tntcs Of discount at tho banks sGblo per cent
10 regular customers. 10 good outside borroWoEs
street rates arc roa1ily given.
On tho street the surplus OF loanabc capital Is
tile Emrtlcn nf complaint. Good paper 1s Ill de-
manl at unprcceicntel1y low ratcs, r1nEing for
time pHpcr from 0 per cent upward.
New York exchange VIE uf1rred Ut Goo perS1 GOO
premium between banks.
The clcurings wern s., 700, 900.
THE DAWN OF PROSPERITY.
10 the Edfior af Tbs Tribune.
CnlcAun, Aug. 10.-lt may bG that two or tllFeo
yeurs Will pnsa cfnrc tho prosperity u the country
Will he fully tettosoh. But tAesu atu grounds Tor
believing that tue punic has spent Its fotce. and
tint tho financial crisis which followed as reached,
II IL Inns not already paascd, its eliminating point
Every depressing influence has Gcon excricd. and
every appsehendcl evil discounted. When thfngs
yet 10 their luwcst point reaction sets In. ui COLI
hlencc slowly rnvtvcs. SO long rs a .nan believes
OF Eensa tlnt prices will cont!nnc to decline, 1t IL
ony inhor Lust 10 nttempt TO sell him anything lIa
will wni. not only Until they cease TO fall, but until
they ! cs}u 10 rise. Confidence Is plant that
Aeyer growa On d falling market. 1t
n,uticra not how Inv my commodity may
BE- no one will hUy II savu To satisfy immediate
wants, ~ long llsro IN prospect that 1t Will
tall i" lowrr level This rule appes 10 property
nI every Kind. Wo acc Its in,luence uVUh railroaa
spcts, upon grain, ard ulnn real eatate The de-
n,aud far commodities and for what arc called
" securltlcs" tbnt which uftcn turn ont 10 bo
"insugurlttcA y has largely fallen o II ls carn-
@ nifty 'u " l Se t,etu st,st In ory vii sow tst Ill
reality superintendent Tlljs punt may, DO de-
nsa ~ iose " Wo 1nt tG ~ =. tut a ac
and one t.lut can be easily proved,
uas ,s1a s sr nrtct s,r" nat hn,.
% bo vacancy which ho bus tried BY every cxre.
-, .1nhnf In, III NJ tnh
Pga ani s1seafs sies s ues ' ast H.
ssa5ey f sayS nva, IT, TIN sS ,t saso 40
o1 Sr @s e m in e eonon
syt.seeres y reality Why y y thst tho banks IN
a Iats o. te country aHa anos ,ur1 hv Hs !.
r."an,o aos ~ s aS on q, a oss1 osfr Ia,ss y Iii
SS ou y se a.! oinSy hyevnr es1 .hu lie
cssu Willis Ial,or Il unemployed, Or hui liaorly
reHuucrated, capita! hnds II no easy muller 10
pronl1ny ,nnn. snaa ~ h1 tc.s /. " .'.noSr ~ tn
nryycinoi my hrinr ,iinirishcl nr lost. e - Wv
il is Impossible 10 controyert facts like theso by
my porhstry about tho scarcity Of cutsoHey, Thu
thins t!at y sc0Fee u NJ! currency, W.
n e, nscrrr as r1ca w"i afoSd any sntstantIai fo
lcf to tic country II would bc Ike giving vino
20 ono In ftver tho only c!ttct OF which WuHd be
70 !1cfonso @ao na'aos' eoa' PefhaFs' XIII tn' pa'
1sa. new prospcri,y mnst 1egln with tho rs.estab-
.sh,ncnt q coanlsnee co1n!snce means 4, slmply
on n rsat coalS e III. tSus ~ ss
,nc.iinr nf credit. or trnnt III futnrn M Y,nent
!Wl ,n ". IN ,,"t NV fh"ls nntcs nr fn,t tiir
..tuan mnu't e" ~ .t Nv tcstrnv" WM dar.,
pTtHu1SeH, Iht "a Aehttpycu W. uhlV
not loan them tor 1eaf VIC efla!l
never sco cur monty ugnln. Noth1ng IL 90 oxAs-
nrrntnr, M TIM iiUIIe U5 orr mDncy (auplKfnR We
were M ~ specio nasis] In ti.c 1"ckcs II ol6crr
W :" 49,, ~ -, - al ssr h"t n r.c rmre
we ~ H 1sm IT,, .nt ~. - v un o''os
Thnso who dus!so IT, get ut tho trhth, or nro
cnI,aI,c uf tukL1lK cnlm view Of things, eannht
fu}i r.. ivrnnr ,,rrsuutl ~ fho snundnnsa al our
nustt,u. r. II Ihny vii nt iaES tic tmns Ia nakr
careful lnvsst,shtion u tac snncct G!eu.t snIlhEs
nctlyiy III commercial ailnirs The mere increase
Of - currency" wunld certainly nut increase con.
@ ~ Ill.,, Ill., ~ e,s y w. .9iit,, .s ~
"cnrtency' sllou!d by its excesa postpone tAo
JrrInlI Nf }tH rguenlnt!unL
Ihta to CUR tu;tt, gcen}B 90 alr,rlD md clear
TINT 80 eahEnt hen hnW It cs'n oe uuubteI ny ny
% nie w' ~ III 's ,at ~ ntnt III .scurs.nrv =
ii"r'fnre. has ln.sn of 4 sunerncai cbaructsr. 1t
M.s mi even tuncheJ thu .rui uilusiOn which ~,
.irrrn tLr nrrsunt condition VI tho cuuntry The
u,r-. ,.n rr,nry nm t,nrr ntFrcfA t1n unurttty ~