Daily Republican., 1883-07-05
The Trade Dollar.

The excitement about the boy-cotted
trade dollar seems to be decreasing, and
with few exceptions they were taken al
par wherever offered yesterday. Some
peraons refused to take them, but il
generally resulted to their own disad.
vantage, as the parties holding them
went to other places where they would
be received.
The banks, Railroad Companies and
ST am boat men still refuse to take them,
and prominent business man on
Market street, who was asked If he was
still taking them, remarked that he was,
but scarcely knew what to do with
them, as the banks refused to receive
them from him, and the wholesale men
in New York, and Philadelphia would
not take them in payment for goods.
He said that he had several hundred
on hand, but intended to keep them, as
he felt certain that within the next
thirty days the coin will resume its
nominal value.
Another merchant thought, that if
the leading business houses would only
stand together and receive the coin at
its face value, it would be all right in
few days Considerable trouble was
experienced in the market yesterday
morning by luckless housekeepers, who
were irritated beyond measure by the
refusal Of the farmers, hucksters and
number of butchers to receive the
money with which their husbands had
been paid on Tuesday night.
The effect on business in Philadel-
phia within the last few days has been
very marked, and some cf the leading
houses who had instructed their en-
ployees on Monday not to receive the
coin for more than So cents, have been
compelled, by the falling off of their
trade, to rescnd the order, and take
them at their face value. 1t is generally
thought that this sudden Outcry against
the trade dollar is the work of New
York brokers, who hoped by this means
to depreciate them, so that they could
buy them in at IS cents, and then by
holding on to them, as one of the nun.
Der expressed it, until "the cry blows
over, or Congress passes a law to redeem
them" realize 100 cents for each one.
There are now about 8, 900, 900 of these
Trade dollars in circulation in the
United States, and if is possible for
these men to realize their expectations
and secure them all at the discount,
they would make clear profit of $780,
900.
Assistant United States Treasurer
Acton, advises that the Government
shall call in all the trade dollars in cir
culation at their full face value and re-
coin them into halves, quarters and
other subsidiary coin, and says that
by this way the people will not only be
protected from loss, but the Govern
lnent will actually make profit.
AFriend Indeed.
freely confess to you that would
rather, when am laid in my grave.
some one in his manhood would stand
over me and say: "There lies one who
was real friend to me, and privately
warned NE of the real dangers Of the
young; no one knew it, but he aided me
in the time of need | owe what | am
to him. Or would rather have some
widow, with choking utterance, telling
her children: "Tnere is your friend and
mine. He visited me in my affection,
and found you, my son, an employer;
and you, my daughters happy home in
a virtuous family | say | would rath
er such persons would stand at my
grave than to have erected over 1t the
most beautiful sculptured monument of
Parian or Italian marble. The beart's
broken utterance of reflections of past
kindness, and the tears Of greateful mt
mory shed upon my grave, are more
valuable, in my estimation, than the
most costly cauotaph ever reared.