The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-19
IL Currency searoeg

Are tnnse VINO are fohlitlueilt COM
planning Of The scarcity Of currency sin
$500 ~ 49,. ~. .t.,. .,..r..f, .t,.
'
statement OF bankers iHal the nahHa
have quantities Of money for which they
.., ana rc r.roe.4hra fise a. low rates
'' i'' % ''i't " "'i't
is fheir purpose 1n making the COM
uI.Iutg is b. that they want 10 force the
.....r.-.. j.. %. .fl...- t....f. r,,i,b t,. t,...
'N.'t i- '"' "i''' 'd' ''''' ''''' "''''
almost certainly follow they would
have A chance 20 grab some Of the
..-,...
As To whether or NOT ih'r' more
than sufficient currency 90 meet the de-
rsn5 for i- ,,e rar-oj,,.o the following
which appeared in "a recent issue Of the
Springfield Mass. Republican:
To the Editor Of tho Republican, The
inelcSei ON .ai notice from our CORES
,,,r,,....,.
Hereafter when sending us currency
please assert and strap ID hy denomina-
li'is ana p"l 81" inu'ii"'en 'ill7 lh sep
rorrv and find if almost irnrossibl. IN
handle or dispose Of o."
Hy me same mail we get reports OF
,...,C,'..i ,.,.,l,,-.s5 T., U-..7,,i,.r-.-
crease the volume Of currency TO meet
the pressing demands Of business men
tl1 lilS, U Idce o. me siu' lh ho9loh;
centors throughout the co,lnfr, snerie
and legal tenders" in the New York
Guy banks combined exceed me entire
tt,ros ~ s,7t ooo ooo a1,i,lt sfS o6o a6o
Money Is both cheap and plenty. ana Dor
rowers who can give acceptable security
INV ~ ~, IL. o",'t''lliS I,"Hsy al
ciai reformers is TO combine some rlan
TO furnish people in need plenty Of money
without security or an equivalent
14o1,.ot,o Ia, y ,so-
,,-,.,'..l-
rar curr.rcv Iar.oI,. ,,oroasod .bro,,.h
tbotr ,goncy how would t,oso ,,.ho ara
comnIafntny of the scarcit,, ~ r,o,o,
cot ana. mar. .,,f a. thar, th,,, non. t,.,,.,9
DO tbev exnect the bsnl,s would loan il
to tbe,, u.itho,,t oooi soc,,rf.,,9 - ,ha,.
do tbev would no disan,oirtod VIVA oot
ba,ss MIGHT ho o.,att,sha5 ,t.,. r.,,,i,
take all kinds Of risks hocaueo tho,, would
have rotbine, a+ stal,e ,rho,, ,-c,,1,i ,,,,, 81,
circulation a currancv that wound result
in rohbin, tho naonte lie tbat tho bind
of curronc, that those NH, oor,,,,,t,, 81
the scarcity nj currency vyanto
II anvbodv has ar,,tbire "a soil t,, cor,
pot the cash for II AZ its mario, ,,.,,o
He co,,la not do moro IL thera ,,e-e ter
tirros as r,,cb c,,rranc,, f., .ir,.,,t ,,i,,,
There is no difficulty in borro,yin, an
tho NANCY. mar 10 aasir.d ,ro,,id.5 ,,oo1
securitv Is offered And money in mos,
parts Of the country can Ice had at re-
markably low rates Of interest upon APP
proved collateral. Would the situation
he different II the volume Of the currency
should be doubled or treblcd?
ves thore ia a s.,ro,t,, % ,,,,,.,. q,
actual circulation In comra.ieo, Win
what there was fev vaars AGO an1
why, pecouee tbera has heen , r.,o.ri,-
able sbrtnl.ooe of values cotto,, Is hmm,
inns, from sto to x12 , halo ,.ss ,b,, a.
ala two ar tbree vcare ogo That ,,ea,s
~ 1oast e1oo ooo olo loss IN cfro,,ta+io,, q,
IN. cotton stat.s n,ts ,.,r n,.,, -
would =. II ~. rrioo ~ oo,,a, NO.
what If ,y,s b,foro u declined M ,,rt..
of wbeat has eb,,,rl, 10 "a cont, o. hnsb.l
u ,,,el 70 no {, ON, ,,,.,t 900. .t,,.,,,,, -.
~ 49," i'''N A"N ""'"' ON nm