The Republican journal. [volume] (Belfast, Me.) 1829-current, 1894-02-01

the evils Of imitation. at period when the
national Indebtedness had doubled itself
III five Years time. in consequence Of the
eveidoing II public works ~ first the
imitation ii the currency produced sun
plisng speculative activity. and the world
read glowing accounts of the marvellous
Wealth and prosperity 81 this remote RI
gold rose by leaps and bounds, ana stocks
III al kinds fell like rocket sticks. The
Minister of finance. (N arela.) concluded
THAT the high premiums We're caused by
money to par he threw into the market
fifty million dollars of the government
coin reserve. Every stock operator was
looking about for gold to hoard, and the
gold brokers fought over it like wolves
and wanted all that remained in the treas
uly. 10 retrieve the mistake the govern
ment issued another equally idiotic de
cree prohibiting brokers from making
sales Of gold. or from quoting the prices
Of the stock boards 4 general panic en-
slled which eliminated in the revolution
IA 1890 bind confidence cave place To
absolute distlust and the once tuo-cIedu
lviIs people NOW doubted tie solvency NJ
I'LL the banks aMN forced them tu suspend
business. >rndin. guid higher and higher
M SeeIetin4 all Thvy could lay hands on
under THE Ueliei rhat iigctMeyahle ruin
had e,ane
lhy rieuium NJ gall haS stood a~ higii
VI, 3So aud a9H il the moderate average
Hhe standard currently a Argentina be-
ins tle eetiia lal ~ exchange, on normal
4aita aiakes an English pound sterling.
On soSe M equal to 1.o4; but ia eolse-
quenec OF the frequent issues of paper
money Without reserves, the yalGe pi the
pdpcl dollar has fallen quite ont OF pro-
portion 10 that OF the gold dnllas WAen
the gold premium stands at $50. it means
that 100 dollars in COLD is equal 70 $40 lnl-
lars paper. The MAY to lind out the value
II the latter is " multiply the premium
by the par Of exchange a., premium $40
y 5.U4 equals ! 46; on in change Ton 4
sovereign, which letters ~ credit On amy
Argentine bank Will probably call fol. you
Will receive sl.,N0, instead of >5.U4, It's
norman Value' lhls WNaln pc HIS lof MIS-
visiting foreigner, had not local prices
gone ~ accordingly. Hotel rates, Which
We've always about three times What then
shpuld haVe been aye now at least nhe
times too high, and an article that used
tocost one dollar nov costs from tlnee "
five dollars but as Wages aie universally
~ 500 pei annun, now finds ii equal to
les than 500
In some instances prices could not lac
put up 10 suit the times as with me
lfamway omlanies which hold theil colI-
possessions under the agreement that they
are 10 charge certain iaie alla TIM ti"N-
elnmen, has declined tu allpw Them w VII
GREASE 1T. NoN tAe fAMr ecntiare, Instead VA
representing tWaIrneN ~ the fnmpalNes,
W. ipimellN -Acrlo sen-~ AbpNf " lAit-HenAA-
aniA Papel n4unAN ben- ceAleAfi aAt T4t
SMALLEST lpteS Aeill- INK agMt9, OAK e@A-
dWat1l~ GaA 4iNe iie rhan-r eNvent A llt
i@fn aF 4Me-vent p@~ta-a StaAN~, MllNl
44 HSNI N hFM NNmaA&ad- auA Mla~f WvW
lle t4HX AsR Als iWi X tAureesT WMNs NH
aAsAre fh1 4tatt ~f alIlilS iMtslH-N@ MlA.Mi
8iaiiA WlA Hu-WH-~ eSrtN -4lf Mt-
t4i~ ulnIEafge iA MAat Nas ali,s 4
ll4l.alisin4. eT GupalAl4 SNSpeA~lNl
VI 4aN taenls, sii experiment Wh.ei 9ue
eeeAeG We'll THAT NJ u;tS hees ~eeHl4
tlMeS repeated. ING Wold mas h 4lutll
sp1lild and the Experiments haze a >ilnllal
] effect. Tor they brought the great Euglisl
+. Bank with many others, 10 the grave
and utterly demolalized trade, MAY
readily be cpmprchendod When creditors
are unable to obtain the money due them
u though money is absolutely incii~peu>abl,
: t. carry Oh tutil business; v hiie debtors
! can incnl tle>h liabilities Will lmpunitv
: II they can find anybody foolish enough
! tx trust them The RAILWAYS of this RI
/ public, almost Without exception, Have
been promoted and maintained by British