The New York herald., 1878-01-18

silver movement ana iurther increase OF paper
money in the following terms:-
The most significant foregoing table
that wherever there the most money in circulation in
most fresh demonstration the be-
bet that Is not from need Of honey that the country is
that Congress would create more money the failures
by an eSamnason Of tae above table IL would
be sausy good logic say that as the to every
trader in the West averaged only S2s and only one In
Eastern states equaled sil5O trader therefore
the circulating medium ave times plentiful
% eah ses VI e % bs esn @ m he ons
thinks OF urgns such aprepoerous proposition yet i Is
Checked by an Issue OF more money he fact is that the
was available in the past Tie startling failures in most
cases are not es by recent transtons but py depart
nation
AVAILABLE HASK CAPITAL.
Some further comparisons instituted to provo
that failures are attributable to the lack avail
able bank capital for business purposes.
The national banking capital In the Middle states
sisOOoO,ooO. the number OF traders employing it
only $50 900 With 23iooJ traders The difference In
in the sections slight,
ye Notwithstanding the fact tnat the banking capital
the Made states is over double that OF tue Western
has only cightvourth trader in the West;
the Middle states IL viii not DO account os this differ
snce by the assertion that more needed and
orbed OF the East that he lock up of
Inn nnds is greater ih may be % true IN some e'p1e @ oas
age liabilities IN the above taole by which IL VIII
sz0357 against Sl9.2sl Eastern States The New
ard % ok ,raaer esp" a oi
The southern states have national bank capital Of
only Si2OooOOo tor the use OF Their 81 900 traders Yet
New nngaud traders to have much the hardest
south It is only one ia every eighty additional force
given 70 the point hero presented by references to the
uandinE the tact that the bank capital is vi 100000
trader failures in Dominion equal in every
hirty ratio greater than else on ms
a low tariff gold silver basis These comparisons
The money which is nesded to lessen the failures.
MERCANTILE MORALITY.
After stating that the past sixty days failures
have occurred moro numerous and more important
than before in equal period, alusion is made
to the low grade OF mercantile morality which is
rmplited by the events OF each day photographed
b. the press The agency, whcn'from Its extensive
business relations may well be considered n good
authority on the question referred 10. says
The lace Of honesty nowhere plainly
failures that occur with the deliberate purpose IT
les than its lace accomplished. evils that
how an OF THIS policy are iIaught win
safety Ia every community where an operation OF ,his
Kind successfoi the honet nity and capable merchant
is placed tremendous disadvantsee. lie may well
despair oil success ~ WIN tose nnnss III
their assets at TRACTION Of their vlue.
iuuate lhe iniuenee OF the proposal, that Congress
% the naebtedness OF the country bv payin il In
silver instead Of gold Is already The dcbased puoc
uebsedness in fu example Of tins character. quar-.
trrs so
torst direction IL idle suppose that the public
Insfn can impaired without corresponding result
smong the class who honost only from policy
BRIGHTER PROSPECTS
With regard " the results oi the year aud the gen.
eral condition OF business the agency that tho
expectations that iorp cd OF the probable volume
ana prontabeness OF the trade OF the country have
,nly Dccn partially fulfilled yet ~ many respects sub
ttnuLIal progress toward recovery has been made.
There are therefore, signs OF Improvement develop
ng IL truc, slowly but steadiy better condition.
fhc circular Oh to :"f instead OF thcOrZing
aud experimenting. Congress wouu take some practi-
cal steps amend the Bankrupt law, rcadJust tho |
tariff lessen taxation wborc IL most ret.rds re.
covery would restore 10 itscli the respect 10 which
n entitled aud beeet degrec oil confidence when Is
we'll nigh destroyed, as 10 tbc resui' OF us deDer
uonS IL Is comic TO reflect that the return OF |
prosperity IS only a question OF time 10 country |
Which, addition TO ali It's oincr advantages can, IN
year OF It's greatest failures, produce from the caftn
sufficient to yield ST. 900 900 600 which has actually
Leeu pshed The year just closed The errors