, 1880-02-16


The question ut nt!cn nrisrs whether VIC shn.l
accept that M n iInn cuie1talnM M tn tho vulio
q thu r.s.,r'rtv. atul rh,lrnn o1r tn proi md
We hnvn supposed It doubtful at any time for
tho tH.st TWO or thtcn yttrs n my rcal.cetoto
ions Il 'IsMg arKa t %cS tero "'' wss %
ucnnttl tnr pl,1lcfty. Au IN which ttly tully
fintlctHb!a feature VIM urprskt!ti that for
MfGiy II tSs @ ~na paso nfe.tt # 't a1'
prnI-n nn nur ri1 estMtu clunl ~ la cu.t. Hilnn
,plrsisu!s wu,,ld bo, ns yn,,r letter indicates
considerations ut tho tn1inent; mt whit tho
Wilt Il wi % yi"a sscriilec' on .@o si Iasis ' u
.Wl,rn w t,llt,ln thcso lunt,s this property wns
r9l,ltd 1,y fnlr, honoi,h!e Int,1, who mnant To
give ~ ii true E,t!1c, and whn knew. rs we'll rs
rnu hnvr innde tho pnrHonnt nt9,lnintM',co Of
tllt]c men. mil Eearf'eti ioir ttanng Mt hnmc.
llnrri4 tho 'aforTso''; ntG nM s"s ...s cr. to
erly mule. according to tho light nf flnse who
lln,le thc.n. rlcy .ttnk II n,arsln then VI oyor
Sow tho fntr!t,sio vnIllt of this property as n
hnt!y nut nllly hns mt dccrcntetl slncn the ,Uuns
were mn.in, but hts nctunily Increased. and
] Hrtat an iii srs r. SH ecntt"s 1T prruetion and
!'nn,uerce: III II country which Ii ycnrly arqnIr..
tEg pnruation md wea,ii|. \, cstendnK u sprend
mud IN nc.,a production. ad gliuing daily, n
cnscr connection with and control over the
q
Hn,i ,s,7,, ,naEn vmt,'r a,,i ~ ~ thnso
t,rfru imi,st respond when Il market cxisis
THESE elements were never st, aonspfcl,o,1sly
present 0r y, pM'vcrlui ~ nltfntt0f ~ now. we
nr,so ,..i,,n mi ti""iinn in ni.o ,,rar.
jnr S,,t III tho ticdcse and lt,lctiu!1 thai fnl.
lnws my prolonged t,llsil'css depression: but
this decline Il, psco ls coltlfsstIiiy .llio to ten.
"rn ,ret e1 rne " csts,n .,vcrywl'rr ~. IN nm H.
snine way md il certain tn chn,,9u Will crc,ir,,-
STANCES njrant!y In sight: Indeed. n change Inns
heKn 70 be fclt since yn commenced % need yDur ax.
t1s,.t {n ,nWr" wu"n IL sr ur,' ~ as 1,!
cutref atnts, vo,i nrt,circd those valuations md
tilHt thoy by no ,i,cans represent tho val,io of
t,I,v Il, wnri. cnn ii be doubtful tint hoi,i-
ln1 ih,s nrtt,W.rtv, m w nro ai,t,rinnty sblu to
M ami Hull ,io Until tho market for ren cuinte
i sss sse ~ u qta' acyf 9k' long before any uF' Of 1t
Il Az xsw e e ssse " ~ h9ye hs that at not not
nr,.js ut nrccs which tln not represent /, Jr,ar-
XII, tut only tic absence Of ono, is tic triu iiK-
ra @ n st Msa , rsa 10 wag or H t % ng p =. r y cer!
wM,i!i not traly rcnresc,.t tho act,n Resources
nf Ii" Goinnni,y; Il would be necdiessly discreet.
iui, il tsnif th1,rh rft will, rlpnr srnFls t,vGr
Ter rcnt rcscFyo Of over ss,uGt00; It wos1i,l
which need not bo sgd until thorg ia d uotHi
vniul finrk.t it wo ctlf,fcssetlIy lrIt1x much
al,rikgc il, ihs nctaal value Of this rro,Wriy as
currency tDn gold hnslH has been but fraction
nf tho mhrYiu taken on It. ~ future y EreRter
enu i1lose ceftMtn thMil ', oseT oG.s h u y tne
iii mir n~iss,a win ira carnfiljr st,tifmis ri
tho situltion, and frnm MI who nre fatnlIar with
property md busncas Interests In tho lGc.tf'scs
~ sastio dhGsG ns ~ sef " Gh to ov %'' aat @
EoHutlEl't L'lcHLcuoa nn s ~ .uu w. u't.cuHns 4A.t
opinion. mn happy TO knnW: you a1d youf "a"
vlseah tuiy t sm.1G' nt ts, y"u oe.cso ne1