The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-03-17

a. L.. .,,,,.,. 81
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ou,r.ri,.I ,,oi,., ,,c ,,l,.i,., ~ Ir,.,
ttv ,,ho ,,,,,L ,b,, ,, ,,,,,,,,., III ,,II l..
rodc +, harrow L,cl, ,b,r,,os rr., ;'.,,,I
Kv Tho ,nd ar t7-nty,,,,..r,., ,,,iui. 49,, t,1
hrcn nm, forth ,i,b,,,,,,, ,,., -,
nnNmrut was r,,,, .,ou nI,,,v, r,,,oi,.I,,
ful .irnot .,,,,,, r,,,,;,, ,,,.., ~ ..,,.,,,
stnyrcrin., ,,u'lcr "a, hu,Io, ~, ,h,,i. ,,,,.,,
inL,l,,ncn, II,,,,r..,,,.',.I IN ,,, ac,..,.'
nf t.,,i.l,tin, AMI ~ ,,',,,,.t,,.,' .r",c',,.,.
cnforcc tho circulation ~ cnn,i,cn,nI nH,cs
ot thoir fo,r ,,,Ino ,rn,,l .l,,r,i,, ami
with ,hc I,yc ~ ,-7s ,,hnn ,nn ,,hnIo
amount ,u,.,n,lin, sem. oh,n, hrnL,r1
millnns ,rr ru,rcncv woa ,nl"n -, tho
r,t, ~ ci,,h, Ia o,o or cin I,
o.,,h.,. of ,I-n, ,.o,r Cha ,,,n,.,,.., ,,,.,..,i
int. f..t. .lts.f
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,,,,,n,,,, ,,,. ,,,o,, ., ,,.,,,,, ,,,n,i'l j.,
fine Cn,ornunut manor hv rcducin, H..
nmo,n, I'm, tbi4 ,ni.rorricd ho,,u., in ,hc
,,,rrrol decentralization mn an, l.li,,,d,b,,
ou, rlcl.,,a ,,,,,lI T., l,,, rr,.h is,,,,.
actordingly worc made n,I ,hc lnclf,c ,,n.
illy wont ON until in March i7si ,,,,, a.,
amount of the Continental rurr,p'v s,,,,o.
yhnt exceeded s9iooono,o fin. ,,,,. ,,.,..,
worth only tyn md q hair MOI, .o,, ,r,hoir
fnoc. tonyr,-.. n,,,,. u,,d,r,'.,i, ,,,u IL, 49,,
dcurcciotnd minor i..,.in,, now nn,c.o, ,ha
roto Of ono lnllnr r,r tvv,,,, d,iior. r,.
dccmnllc in a,,no,, .,ft,r .ix ,.oors pn, ~,
rnonln had L,rn .,,,tt,,n. i,,no.,,l ,,,,,. NM,
disnnroiu,oI finn, H., nov, ,,,,,o,..,. ,,,',,
with no ln,,nr rccon,i,n ,bo, IN, ,iI anI
tho conyr,sa did n,, c,o,, ire. :, ,,,.,', IT,
circulation. pcrnro tho ,nl ,ho ,,,,. ,n,,
,ld manor ,,,,o,. Mad ,.o,s,,l, ,t,o, ,,,'.i,',,.
If exchange. vet even when if had fallen n.
low a. five hundred to one. il was still dealt
in by srcculators. The hone that some
provision might ultimately hc made for it's
redemption was not utterly dsap.
pointed. since in tho funding of thn
national Indebtedness. under ALEXANDER
HAMILroN. the Continental notes worc no.
ccptcd at the rate of one hundred To- one.
In the story of the Continental currency we
find distinctly marked all tho steps In the
process If Icnulia,ion. ba, i, mus. b, borne
in mind that the same Government which
dealt -o IT,. klc--ly with citizens wa. careful
O. respect its foreign creditors. The French
advance. vcrc -crunulou.lv r.c,,,,i,ol onl
the peace and the adnptinn Of mo cnu-ti,n.
ton some arrears If interest were suffered
To accumulate. the whole amount dine wa,
finally discharged. We NAV add that tho
popular di-trust cngondered hv the ,ollon.n
If the Continental money lastod for r,,,r,
than a generation. So that whom tho GOV
eminent was forced. in tho war If 1919 ia
put forth Treasury notes. thrsc wore N
once subjected to n very heavy di-.,,,n,
and could only with .,roat dinirul,,. hs
got into circulation.
Tho Observation-Disclosures, ,.o ,.,..,..
,,,.,, .h,,,,.. ,,,o.,,. T., .,,,', .i,..
i,,rro.-ivo ,,or,,,i,s Ioi,,, s,,,,,t',''., ,.'
f,r,i..n .o,,,,,l,s r,,,. ~ S,,,, .,,,.,....s
n martial rn,,.lio,i,n - ,h, ,,,I'ii. .,a,.,t.,
~ ,,non ,,,,.,io,. 80 ,t,o ,,,i,',.,,,.'i
,y,ro oonv,rto'l i,,,, .o.o,lI,,l ,.,..i,,.,,'ol,
hcariY,, no irtorn., ar cnn,-n ,b,. ,,y.,'., -
rr,,.,,. lin.. ,.,. =, ,lo., ,h, I.,,l,,,o,I
p,,i. r,,,l,.t. o..,f,., S,o,i-t' '.''.,.,i,t''.
n,, Won, ,h,.-., ,,.,.,.,I mil, i.,r...'t
1857 po.-nl . low .ottin,, ANN, s.r IN, ~.
,ia,nn,i,n of this roo.i,,,t...l ...,.,., ANN,
a v.,r In pnrtn,,,l ol-, III, in,.r,., 80,
tbn uul,li, ALLEGATION. b,. f,,,,,,,,,,l,. t,o,
ro..cJ ami ,,,r,i.p. 80 ,h, I,tt r.l, ,,,
,,ti,. &C., 49,