, 1879-07-18

ts ;a'ne quantity ot MONEY N on .nnnd
. ~ n ,h1n ~ ill., 1nerinr win tht cilr-
1ensy in 1sss. M'.ory oj rrirt'," FOL- =
T., III. ,n.tIr,,,,v 1,cfore tl,e Parliamentary |
t,amn mni,oc M n 1Hs5 an The ijauk. Chartcr, Henry
Hnrress. aerreiary 10 Tie Ut,m,nt,co ut Coun-
iry flankers. rnprgscut(ng seven etrt.ths of the
baukcrs OF knrinnd, cst!instctl the ninount Of
noins cIrrulatetl hy tic country hanks In 1sE.
as irs. thnn ihc a,nm,nt 80 circulated in tS.s!;
n!lu lat !e ~ sSes - r rs,sc,,vrIv and
iIfTr "a nsr EN- 1'eF '''"s III 4'77 -
These catiuatss oil Mr.. burgess aro nnpIn,yca I,
anu aaotaen ~ anhu"n ~. - .rmsrnr "'0
=" & a. .na n.y. erc nu T. M cy.nco cho,
W. w., W ~ assr i". ~ Inrr".s. IN Ih omm,nt
q 81 s,aa i notes eirsaiatsd !, iIe country b.ak
ers ana tnat t',e Whole increase @ ~ ,'t nn. 1.n
,9n whether 10 q aes or o. oa ~ the ncs csc.
sm;enps'{ l;e'It nr: ,r ~ ~ pnnrn,d ' - WV
scT'a ~ 70 ~ os F r5r spG"s ae fot a. the real
ne H. no"oVer' wholly ~ HULL ~ ~ '"' ''"'
cat1se. ...... .--.....,
When. H. any eonntry, money cn'ls':ts o.
col'l, ni,tI of paper lffaiT eon,cIIon '.o eu.u ~
!e opslon ol ahc holuer, tns wle @ can n'o1 y, ,,t ~
both whsci can no eafGaatca ~, WI otly w 'a"Is
country's dtsiribuiiYc shae: o. tne wnfiua sh,ek
Ht oaey AL MG1o n ,an i. vtho, as s''"'' Asep anu
Mon.v ,I.tr,bntea ,t.e,f among different us.lons
in ses1 aae p1rSse'isa !" liz s'ss%;sasr: y III,
Nsucn' n"fu,een nage 2775 7.iA''' 1''' ~ '>''
Coin can only he Displaced by snn'rrtin!e s,nn
paper n,utey to tic extent 70 WINCH p1entc
prefer 70 taGe paper Instead Or CON. 1he
one1 mst ~ ansv T. ~ crcmscrsbed Whit, narrow
limits. s,sr1 poWnf ~ n!toEeiaet " usAIa 1a.n
n,nntany ,nty eminent "F'te's' WV no'' "t''' 'o".'
| Wilson thai -
nn fTtc and not cause IN ali snen ehsnsea M ain ,hc
otnker ls ndsMfe a.eMti nst ~, nsnm ~ e"t
cantaness VIE: n nj ~ 'ae aeirs ogsa netting
a!,pr cm,sentm' tss oMT sis Danssng, II pas< Isl
n,ir t,.o cou.re c,n lm ccrt Cor lie prt.
an.ut,, -, cnfmn,ercsui crisrs. yx. iii M indus
tans,nu ri rrcttit: or rlI new undertakings on
~ nort ~ ~ iii allsts, ityoly!,r considerable
mt a',,l;ssxni ~ - oisal frnm tnse usI,r Il.
VIZ .,,1a .x.-n =" ,ehts thcrr evidently could
r.. =, -, "s,J m,n. rn hiehiy romm,rcal countries,
H. III rt,aisu's and ,ie United Yk.,cs, IN times OF
ne n.t ;rttx tthts ri vi Kinds nnloIIui 10
i"r1a nroror.lni, of ti,o yaiue Of tic tanrio
nrn,,Artr. .Wnrohabjv mt mtu, II anr, less than
M w.. r.,t ~ n: villa III tic money! Iot,
~ 1922 ~ ,sI tn,itr fs icss than per cent of The
t',in nItpI. "..a w.aii,,
| T. >, ~ H.. r1,,,o5 ty,roa,r,
nd ne ~ .,,mt vi Ia In tmo 0 inonpsi stefnr:
whvrea. lie iu,si amnsnt of mo,c1. whether in
suecie q. in potcs. hciI by all ilc hsuks. seldom
cxcee.lr III va dcdne the. gold l"ckett up a. a
basis Tor the no,c issncs, .o.doo. 900. Here,
them Is ntrange ut.ss @ rhs ta eank, IN, nfom,ss % 10
mot 70 ray specicl on aemana yet t!,s TousS,
whrtbor co!a ~ noss Mls y anF IT.
paynant ot M uen. ts u'po ~ E:nnnrs II NJ = y ~.
terson. ua5s ii
Man1acs.ts ~. .nr ~ hc rcccvr1 nmd nri5 hy ,l,c
aeoss u. '"oa19 29cnrsa, nsrmen, ar rh,a ,.ouj
csGn''oss' i, - tscomniishcd hy a rehlrlb,ltion III
| ouly uC S.n,p t;.nr.fGr. NJ unusual IN
ptopGsrttNM x ,.rnan,s sr,sas tnana,.rv nre.<,,rc
n's i .i,nrtincs nanfc. foj}on s--.lcncnt5jur on,
auu nne;,n sanetnes ~ the ua ,',oand ~ mosv y"
NY n'hn rSs mse ~ hil,s uf c1chanrr. nTom,..orv
~ u'c hnni,e usS " .ana oihsr t-cron"mics'
no.es, i.. = h.s,,ess i. .Sn,,nnishn1 =. III,
!uGI ,sti an,n.nt - ~ mn1rv. Air .john Tuhhock
has a,' f,rnish,xi Ar snpiysie Of elNOQO, ,O0O pad
tntn & tia sank by customers from which it ap-
ncars t,at NJ per cent was In checks uni bills OF
/ pcr cent III coin.
In this country, and In England, In times Of
~, nx,.nr, 'ss nrs ofactc
tnam i ~. ,' a,ai - ~" ~ ,mnn.v Asa,n,ino,
~. W,1s "qonortiou vi It would follow tat four tmes
: our yollnc OF money Wonlu be required TO Ct
fcvt tie sarls exchanges II no crcdttccoiioln!es
Me1s VET. y ,tsn3 nr,t3ct .,s maint a,nsI
seTi' r. nrsn,e sred,t bernn,rs iuna,rcd ar over
/ tbrown. then The work thcrcto[uru performed!
ons5 ~ s III tens ,r NJ s,,c ,i,r. i
Il!EI} en"a sa ~, n,, H., .r.ur ~ u,nmn,. T.
which tne ps,t'lse ~ nave conr;1cnee' the nn.ls' l
nas M o. @ Tna ,uHII nutss 10 cr
Hank Of Englai.d NOTES. olhcr hanks haylug beer
inrrrlv f!isprcdt,e,l: ut,,l the panfc WAS ended b.
Q -" ;ncro,scf1 issuc Of arch nokrR. Thu litntti
: % ~ .ue' ,ed ~, Tim fsrun ri ,,ntas tr IN
tlos mposen =" ., nT no,,a. Hns,,,, 5,.rs ~
= nrcsen6 charlcr ot tae nau'. VI ~ smuS,
:. cd Ia !5i4 ms pecn huspetdsu sis " .hG uosc''
', tncut IN ticarlY eTery panic s1,ce t1lnt ttme.
. Our panic os 18Th was greatly mittgatcu BY a
..rrc In INC Treas,lry.
II 81 rrai,t nm1 nulrr toecthcr fortn l,ne1 m:
o chino whereby ali exchanges are effected ~.
. business carried on. II tbs credit part ol tht
y ,uoaninn hero1res ulsor1ertl tho efficiency 1
T. Wa n,lcr rnrt should bA increased, not dltu!1
!. i.hcd.
sT', E,v,,.n nantc ri 1875 /. thus wildly III
ts..osu ~ 49, Icn. nn,,b,- .on,co of .vc,,,
Dursns tne ~. To- opnec,snns ~
Memt T., cnn.eumrncs II r rrcnruitIcn of Il
II snnth Snrficnn Statcs and thp extrno,d,nayy a,
~ count. VI the ficbnesa a1 lnni. mines. u ~ Mlet
beltevo the statements pht TORN oy patls 1htctesl
I'd In thRt 1uaftef. t1c tFtA Fetos u oa3t guns
, had once more been discovered; mud, ~ there