, 1881-02-26

tn' Dn"fNhV tU7AhJ AAiet AIN I"tNt
est hereafter.
THIS r..rEN EVIDENTLY HAS S0T Ist:EH
lMtnf1T.
Thu T'mrs says: "Eyrnts yesterday In
WNil street slow plainly flat tlM speculative
sIs tsSa s nsss, s11s MI m mnSy ict W'1 avas s n IT
prlrrs Of ssocks mid bonls have l'ceu tnsscsi
n.nrc ~, trttcllt expectations. fns.GnHi by
t. i sE}Is hs, ta1, 1i. "r IA, "'r IL sa,S'a; an +
anil wllnn ntrll pay at the rate pf -? pr crnt
yer n1l.isl1M gnr tfp us' nf money, IL u rltar
that nperntiut,s which insG!ye such, con.
ii"s tf ii m rallano "'t 'G i1nanea, tit M :,ae
thiIr which i IL is essence m,nIiti:,
Thu pcc,tliarrclallons of the la!,tss tn tho Wall
strr"t market mud tho ,fnct tllat they have
.tuc'!!l wIsat was for time Il panie, untor.
tulalely snnIplcute general business III
t:rcs,s III llto transactions of, tic Snrk
ESclln.tgc... Tllr prompt intcrposlttml
ind tic feeling tiat still niors e!frci!ve s.cps
may. h1 tnkr'l, w0utd undoubtedly check
further disturbance It 1t WIS not that II II
t!lc l:iierrs, nntt thu sGtt!ed purpose nf see-
to continue att1 nxgrav!ft, tle trouble that
llas taken place. The principle on Which
rl1E cArt.1st.E AMENDMENT,
now 80 severely cont|emnvll. rests, Is that Tho
hnnks shhHttt rctiprIn their uwil ilUirs. Tlir
yr,',t sgs W sytaIr S tcF Get cE;s FIJI s q 9 p1iYI p
Ion ntn moments notice. This Is mt NJ.
niiw!se principle, hut tito cnItrary. But 1t
would iiav1 bgt!l ut n1lcu nItra fnfr md n1rt,
prudent on the l,art, Of Consress to
the hnnks could ,ttlaltt themselves IL tho
changes involved III withdrawing 4 privilege
nt such Importance mud sa!ur. md It wo,ttl
lnvc, been ncttcr II thu Withdrawal Of tits
sim Of excessive snxntlon III st,ef1 4 way rs to
prevent n slltltl1n reduction nj circulation by
the !'aiks and proTlota tho SUCCESS ut IL re-
fnntllnE i1ati. At tho same time 1t callilot 10
doubted TINT tho banks lluyc
lAcrr:n IL 4 VERY 11As'rr sr1nlr,
Md laye themselves shared the fcsllng that
resulted III tho symptoms 0f 4 lanic ycstrr-
dizzy. They liay0 furguttey tllut they wcrr. I'll
9., stnSe, .;oyern,nsnt ballks; TINT ltey held
uossss mi ss tesu wca nksa @
fratn tio stalNlpoint Of tilcIr own
interes! It must be sald they wero Gnneces.
and i,,Sst .,| i'ayo ysry con;I!ISrabls Influence
tiss,rab!o tic Fanlins bMijI M si,oud be BE-
allowed 10, rass tn Its rresrnt form,
II Is very Important that, In thu proper
Ms to postpone the repcnl 0f tho act ot 1871
for seyernl months, nil1 rellNc0 taxation Ufl
circulation secured by tug now l,ontls, atld
rstInnn,v ,'Ssn; suc;ssfn si o'' o,si Mpu III u" M
wonll bu nllayud.''
Tho tpOrltl says, etlitornlty: "'rho trade
nisd general business Of the country have
been subjected to q strain during lin ,past
uJlc statu Of uitalrs WAY bru!iEi,t
atoat BY 9y;,,,,r ! ss!sh Nl so,asplra;y , ol
establishing n lower National rate of ofiuterrst,
by sllcl! nlotles as tho dMiy.citnstn representa-
t!vts of the people Of tho united States have
thought proper to aslopt. Our Goy-
| ta1n Il, laye submitted To +,rent sacrlilyes
| tn afford all reasonable support to tho MI
t!onal banks. But the hanks have not kept
within reasonable itnlts j., their demand fnr
| taoy have. leen abtu to render tho country.
| 4 few Df these banks llnye not hcsitatCtl
| III Invite tho destruction OF the, wlote
system. and provoke. populnr. nnger. by pnr-
nn American cifzuls tho question whether
| legislntfyt and executive Dtficers. cl,nse1i to
represent the pcop!e, ~, n few bunk officers,
.re to administer, tho fIna:l.tal lestEnies of
resentment uf tho Legislature against thu
iemnatlon of tiie wholo Nntio'al system,
S' ss!,o VI 'no LUZ tat no %,c,' 0nit t a,r, II ts
| antato a; a"tet .aH'l. ""s,u '@ho HtHt1elM
a!oiit u. maH +, cmieu ~. tAesG coHsplrhtnfs
mgAnISi ~ pFns|MIlty na cteait OF tllo !teput',
iA; VII ~ sup1GGnteu tn s!cn tenlpesnle alltt
r. thom nnI ti'ni Iii, IL ~, ,.,n -. ~ ~ - on',,..
.r,,,, !" t,..u. u.t,,n ~ ~'o'
-. ..'s ~. -...-
sAtixs. ssIti. eualolaai!S. Oh the Nn1t.stfeet panic
.lAe 5ec3ietnry o1 tm treasury n3ta
possesses tle ''ica!'s @ nni! has tho disposition
Hs!t .t sisot y, ueaa VIII s'!ela SitnhlNH'.
.3Ma n!s feineMss Ga,ot ne anp,leH Wltli Qn,te
ulo sumo pfolnptltliue as tlle National 1anks
Grips; llio Dahks M1l' uiu"ubtettiy bo
t iyl'ea, ninI tmilitlnlilhy nlM to1ititlcmco
~ ies1ole!l wynn osler terio,l. Hlt
thote may stllI bc nj 4 teW lays ,ot
u!iEaSHess a',n n!arlli l!!o strllln n'l!t crisis
Miileii ilafo ueti. htltHleniy l,fccln'tatct! nft
tlso lsatlIai ls'ult OF tno nle%peetGh cllftalt-
~, ~ ~ hnir r1.ar,a -. ..,;t ~ -. ,H
.siG n;rcntn,1an ri e' 's'e''e' ~ "t'ti"'"" '"e'l
....' ."''''u. ....--...
THE HANKS HAVE DISABLED THEMSELVES
for meeting The wants OF tllelr customers, md
l!ollce tho MlAraN nt those Wliu lave 0Illgi4.
t!oNs ~ meet wltA!l! tho next SIX Of GEh.
ttays. Finding themselves unable to
c0llatcrnfs they are III imfnlnent tlcrfl ni
having their paper tffs1inhureu tNu ulel,