New-York tribune., 1877-08-18

nse ,,le of do,n tis " "a .; auihcrz' tGcir conyr;
Sion n 20 bonds az he pleasure OF tie k0h, ihc ps
"a a, be io,Sest fite of inter- Al hat would IN ordinary
fines be maintained at larln gold 10 lhh VI -.
Is made thar we convert non-n rest bearing note ihto
an nsrcet bearing note aud thai true bni nat fsht
have a nation or has Any bahk, OF ,L =,
,,,s mo ,uf.rest Whv onght anyone who issues
a promise bay on demand DC hlL,o 20 ~ -
when demanded or pay interest thereafter Mnas M.,
rirlf baa he in law justice. 10 inslst upol
maintaining in circulation ls note when 10 @ @Ieiusra -
pay according to ms promise, ana WLth hr .,'us's ~
receive ia payment OF note bearing ihiefeS' a .v,
tam amount of United states notes can ne anu Dn. W
hc maintained AZ par IN coin, WIN ne su W ~
com reserve held IN Treasury and 10 the extent mat
this he done they form the Desi los."iS Pa,eII
money, debt Of the people Wlthch. ihleIs & ~, Ji i"
value with coin, and more convenient 10 enry liu In, III
die. Beyond TINS the right 70 issle phpoI nlo''' Z
by the Government or by banks l'a dh- r't. cAVi.I
of roNer iainous to nj Glasses, ard soui not continue
a s.ugic di, bey ond the necessities 'n'' E''o ''i
AccUMULATIOS or coin.
6ut IL Congress should proper to conne the pro
cess Of resumption the present law, we have SUN
the second mode Of rcsuming, by aecunulatinS
coin gradually 80 that when the time hxed
for RESUMPTION arrives the Treasury may be aOe 10 re-
deem such nocs presented In tbs respect tue
RESUMPTION Act is fun and liberal rs human language
can rame H. The Secretary Is authorized 10 prepare Tor
resumption ana for that purpose To Use the surplus
rpne and sell either of the three classes Of bonds all
Of srAich are now al above par in cein The power
can he ought 10 be and viii be executed, II ROT re-
pcaled 1pis accumulation, DOlh Oh ailst anu Sv' u
be made 10y afrcst.ug from csportitoh our wv, oNn
urodnction Of These metals. IAis Is more hldh
sufficient 20 supply Our wants Tor tis PURPOSE anu i".
tun1eiy, we nave plehiy oi oIieI ~, ~,
cotton, heat and fabrics, the ifit 0 our idl'u Nj
export. This country Is te sIeaest y.OaCnr I'D, ., i' H.
and silver the world. The naiauce 81 ioel-h ttuU -
m our iayor. During the last hical wear our eA-
ports exceeded cur lmp,f's III E Eo,u N.iu' I'll
sum Of S1O6,J5jeo3 ana inns W',hce - - I W.
liz increasing This year PROV ydence LAS blessed nn
with enormous crop o. alhott e'eE y. m t, ~ tu n
farm plautaiion ana thc ioiciri - -,
creased by the Russian war. Russia Is on sreii
connection IL supPxnE E@,%P' nP pr"acs We have
now reached The coin basis ~ Tue tIouuc,io oi coui
modi;irs for the foreign hakei O'. eNic & '', @ r ~
now connecting with Manchester ana Birmingham IN me
sale of products mai NV ..ne MS - ce p,
throughout the world O'u III ~ ;
and wool now rival for gu MAJ scis ie oldest counties
of Fur,pe Ne have during c hve months oi President
INN al our onry and cf Cold nd silver coin and hdi1on
ol 1880 SD From TN nrst "a da! otni' io We nave
added TO Ourco reseI +-'uov'Uouo1 ~, & ~ 20 49,
without disturbing the money li'f"rl al" WIN sVu
s.eadily thc decline We nave foIa'cd die i@o,o @
d. 1 since The fret OF March TIE sum oi S294i i'o-t'
We nave conducted the vast operations oI our ioho,
already referred to, without dsIlrbn- ne course ol
trade or causing shipment IN gold All the Fears tx
r. .al so often thc iUlrrs al lt movements INV
been proven TO he gcollditss We are nov "i'-n h't
do.. o. the speoir Standard We haze sili seventeen
uGnhs before in winch 40 comp, te ihe lash lhe
same roctc.s that has been made since ir isi 81 hI&tch
continued twelve months i"n-tI "il % 90 90 IN M
10 e Spccie standard Irel c"Hui i IA -! ~ % "u
.',n,,. ~ the Jaw every doliar Oi Uniteo states
notes VII. before tEc ihr hAcd oI Iesuu Duy ~
srr,ii,u of ie Resumption Ac has ,t'h D IN pressed
anon tie Department NATL coitec4 oiI ';'he = ,'i
uIn ID s
Ie Secrtary hJ, The pow in preparing Iorre-u li",
f. sel bonds or ai tCn 10 ee NE com 'oi OAit.a
r. D.igrfmeni hI. moi ac;ed upon any sich cols
ion iul has sOll gold D ID ie current tpu'' % 'us
%,tfai Bank notes. 81 th- powrr j. exercised u soId
onI, b. A. pEi,u4uce o ihe pam vii % congress an,
sI,,rld be us-a cxccpt .u"h as Is Clearly
gwen. The At Of April ls'6, Tor tha iee",Mp-
.i i ip eyelange fr JuIlri states noirs, nj sucA
note, shall be- Kept ss a eca int iof lAe Ie'' ir'o
ma an 4 H. .t.,
T.v p1,u,, iu t Tl,a ury, is tae only ai cf .non.y
AZ IT, own Tine c1i, 4d gd-irnd 20 oepOsi,td lh t'e
r,..-lff are tie pru.lty Of private many ouss over
1-iirb lie -rrr..ir h.s cOEtiu. have t'ow-ctzrna
hone gtloui .eurs'mc dc''i gone o'ff some to.his
"n .'p,, "'l.i % , "a, l., and a.,irt. goi iuai
iy, oiy acted 1p'a tn, clcie'i convictions o puDAc
USE PATlENCE WITH HARD nMEs
c1rrepcy Of United stale. notes based upon The pub
lie credit. always convertible coin, and 20 ined Ia
amount and supported y reserves tt-t il couver'ibh
cannot Poe Endangered a,II supplemented by bans
r,iu.v free and open all .ke based upon public ~
rrii ~ thai n amy event inc noteloider is "a e from
l,ss lyass re-eilabe in coin or Uuiiei states notes
uuH!trd pa amount tAceP' ~ ,Nt N'4a 90 D'i' ID :,
this tie Elud o paper money L'l 10 'lt' "-th lAt
,,I. BIS of Industry, eIyc calls tO y0dr commerce.
iaoor TO !onr artisans - w., "%''' ,,,s c c 1i'
r-ry 81 eupuurirI h} public cIe-it against which
= ,l..,.e. or % dolat cannot it uttered, and y0ur
phic dcut VIII ne icote4 10 l4s ipNt4 fo>sIot Duirh
tf fit,r.. aiu ts oIe Lee Lre4i depository 81 tnr
.tH l.r
1' l, resi- ,1 ciiil n. employed d. rtiyc ird .siti.s
III c,. as luieIsJIIi ti-i are tl. % hns-nciai oo-
iect. tIs Adminltrti ana Mi'A yof lei mission
4 m. sanction ~ CIuss The President may L"pe Go
rel.nfsic hs outgoing wi Jonf d,"t tcdGc ~ 4"hr
,u e best cou issued from lt idlnt lod noN occupy
tc forefront tf .lls battle. bcscccA ynuc uphold i,
.,,rtrv lfngtur o., 0u~.u,-r which son are with thr
r,iizeG world. ttuu y.u fiOn i.Ucy NiAcA Sou AJfe
Ha.u' M & tl. cti, n the ,n ard how of tIsar ana
d.. fI IL lffn l~
an.'cu - ".,,, cTr.,i. . III, l,,,rf n,ad. h. con-
s,utu il Is easier abuse sJme uilccr o tne Govern
iIsf urG.r any .nmeni, whatever may be lie
I'm IL =; uau,,, or hard tunes, oy"l-pgDGuctu
or ID p.st.l.ace, famine or plaque cJines, tie men
In OH c are made the scapeeeats tor iioi,ies
,Ch.ch il il iar b. yOnd thcr powor eitlc. 10
prode.e or remedy Ana - now, "Hen ibfonshoH tIe
Noria ade iaigurtue, and wages have iiieu, AMI
Industry meet Us Usual i""ad lt u quit coin
non Tor ena-p-u.s tus %, Iui od thc A"lhisif''-
and put us ~ ana aII "iii be io',S. Sueh ".-l-
Infrfs are only t toois. huinsu goN"TJu.ifs eau
nav. lf tlc uhrtnct over the cttss Liai ppd,ce the
rsc AID lad % P.ce-, TIE anu '.ihre ~ "!hl e." employ
ment These are .oy Iucd hy higher laws and iAr
puppets mat TOR the time haid ohcIH authoriis
lave Atlle inhuenee Over 'Acse sFrat move
uicEis hies have oyI thc Ic'"Nui& wheel
Al th.s our country Is t'e most prosperous m t'e
world, th0agn We suh'' 10 senS eA1 n' ron , S.ie
causes trai u StaSnaon 10 tho 'AdusiIcs 81 a CON-
nioIcla csrrtres l',e helr cglnou' e1iihcta ron
English, br4 an' Ger man '' I'n1H ' ii-l-ous
Oh weiiti ud 9'we ia Poolna p''g5 ana a.. sho" inS
Tie Iron traHc ~ IN a1H a. i1S'u vi oltH tNIeme
Cr-.s ION Du..ug ir> course sOiIe 81 te largest AID
ne severe reaction wlile operatives sniicltd
"a TIE greatest dea~r by tie Increased supply Of labor
ana greatly .IInl5hed prices. TIE iion TRADE IN
En-lana has IA nearly hli per cell. 1he Belgian
IRON tl..ie no Almost CXNlgl.snc, aud ihe W0iku.n
cIuIOsra driven tu OlAtf pug-u.S. 4ni- iuuIrty
s nc one thai ias suffered most u car own Con41TJ
y.e We are rapidly recovering Dy unbound q natdfa
fe-,4rcus. and - reduced cost %! production nave be-
f9r. E!e a. bingham paper SHOWING UGt te csiOrs o.
Manchester COTTON fabrics, cspcc!Ily tc hr Uuleu
-,atrs have been lasy Iroaccd. Inc INT -! co,fOn
goods s.Dpc1 t1 ts country Has been !r.u,td ~ 1--we
h, ar iloi I19 OJuUCJ s...ds 20 JJDprf0O yirdr of
yoo..u .uOd, fpil GJ1DDUo yards tJ I-ss 900 aIts
viii a lD1ur i4o1 I4- rnoTiaou.it Ici' ,aua
We art tXlpiu- D,.l CUtion aad .oJiris. Ii bc.
LII =.