New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-26

..Ir- .r,sy.s M the lowest point by Ii.r e', ~
Of august: which J. ~ Ie1,lcr a Sight reaction takes
Siact't,S pecenber: Int It Then aIn'o- T, lax
eachcs me ntr, tl-ciil.iion always MAKE, on" ,'
.u in the vcar-hcine NJ IL ,,,rr,r- ,n advance
,"d aHv,ncinc 10 December, and ,1nt" u and thea
VAIN dc,crudng 10 it, lowest point III ''"-",' in,
Nr ,uh,rt also tcs,ifcs that BANK h''' '"-
cuIation tins baScd only on "c'"" P'S'
.c,ious and on which constant rrHchiP'io" j"
* maintained docs not admit 81 "''"-
.xccss has no tendency to lnn'F ~
,r,ouuts 10 a perfect system as !" 'i'''i''''
'ii,os dis beautiful system Of country bank
inc ~ one which " has ten"rl Nc|
49,, ,,osncritv of this country, which, ~ "''"''-
the surplus capital of different "',''''''
;,r o,t the capital for the ENCOURAGEMENT o' '"''
cells forth all the natural resources "l ''.
,r,. nu,s into motion the industry OF the N'u"n'
t ., tro .on,n time supple, a circulation "'i'l
nj. and contracts in each district according
:, is rcouirrd bv the trade or agriculture 81
r dist,ic, IT, Expands when tie wants oi
tro,l. rcouire if. and when no longer wanted II
again returns.
,p,vK NOTE CURRENCY II NAME ONLY
va americans on the contrary have been
oriI;n,, ourselves for twenty years That our bank
ro,oe have bccn made 80 good that they VIII mob
r,,urn-tl,at nobody ever asks their redemption.
This i all rirh1 rs relates To- the value oI ir h"''
INIT os relates 10 lis elasticity amt capacity OF IT,
lief IN commerce il might a well OF b"ilcr' ne Il
Government note II is not bank note currency
cvcent in name, and has never been Hence
mother bankers nor the people have been prohucd
by it, Nor will they until 1t is converted mo
-, hank note circulation, ssuablc in any sum. on
which. upon a proper pledge OF securities Inc
banker chooses 70 undertake the responsibility of
maintaining redemption. nor until the whole volume
of notes issued shall. in fact return 10 TIE COIN
fry bank issuing them. 10 b. rcioancd IN Tie
agricultural districts at least three 10 siN times
every year.
ANY pretended bank note circulation that d'"N
not involve these qualities might as well I'
Govcrnment note nj once. and not bank note
at all
Tie .ta,uant coc>is,cncc OF specie with paper
in the same circulation, without redemption, bl'r
a conceivable coc\istcncc of owen with Tire
blood in the arlerc, OF the body. without any
c,,bongc of fhc one for the other in the lungs, #
i, were possible would he IN finance what druiSN
is in pathology In the play steal body II could noo
long endure The death would come instantly
Hui tn, is the kind OF financial dIppSr We nave
had since ~" >o-c,llrd resumption "a SPECIE pay
mcnts in lSs0-Whicn never WAS, lr Tact, Sp'lc
paymcnis alone, but only The stimuli inrphs c"r>'
islcrcr iu the same circulation of fixed volume
W, l, ~ ;.ad coin-b,th Of them enhancing
i l,, ,'nt -, .lrcul. nan and neither of thca
pII,rS ''. ''v ',l,tv ,t r,,'irlcritc m Nol.,.r
pvI.7 ~ 49,. ',,o,o. Gar ,.l.n,ntinu 10 when
returned - the BAN, of Their lsstc
a 'i'"1"'''t ~ a.. H., ., ,,.,'t,,u re-
WIN me c"h'.'S'V-S. .',.' ~ 49, IN ,i,,,. NM,
dcnP'I9h 3t paper '" ,'',| ia '"'"' i,..
not "hN h' 4 c'h,T'' ->"''''," =" '"' ~ &c.,,
bank, I" WEIGH a. lH' ,l'" "' "''"' - ' . -.
of country and minor banks VA. t'id '"t j.
must hv proper lc- >ltt!pu. De- 81 1otrd upon INIT
II VIII. Tor the protection "i H. own CON- 49, ''
In compclci - forward aI ono H"'N ,.i -, -,
own Tor redemption lh oiI'I 10 H''.','i'
mon On l'N ""n' ~'I'n'',N .l,c ,.i,,,.,i
p1pI Hl"''E VIII, , ~. 49,. ~, i.p,.,,. ,i.
%! I''nP''"" n''a ' .,,' lam, .i,lrr iu t.c
'H'''"un- NV III '' '" 49,, ....,.. - 49,.
pI''c> o. lh'.' i', 1877, "I ~ ,''' - ,r.ot
chan-cipe den' anu "l N''''l ,'H ~ ''''- ''' '
"hlil u "'lS np 10 'I'' ",'.' -,,.. ,..,,
Perhaps the last H'i "i N"' lIN' P.|P ,
contains h"" 'rim H'' IIE''rN III ''' ''
summarized, VIZ, - hoh-r''c "'"'
,..rr,-r ar , rtvrn VOLUME oY rNPIE ANp
co.'s