Cheap Money

[Uy rr.,m-t ..f !.-.,. A. l'cters, of BclO, we publMi the followlng arricie, taken ir..m ito-St. CHtliariiie' IO..U) Journal. Ournre can extrae all Uuhthrj ,.,i,e fromit. f-r Hiere is ..me julye i II! of Car,.-, ;.r would not have Iminleil it to u- El ] Amona the Important whject recent I. y di.is,M.vili.-T.o,.t..U.Mi-ü Ira.le w.,th, rateoflntereet paid "Mhiu „„-„r .11... ev In Uih country. Iheuo.rd exprwwal Ui oplllloa 'e rale p?ul mvIiV tetiki oiijrhl to be redoeeü at kmst o..e per eeut [t to clalu.eü thnl luch r„TheVHlu ol mo.M.yin tbe DiarkeU of ÜMworld. H ladaliued tl.at tliemalnteiianceottlieprMewtrataoiiwoniinercW piscounts 18 in Ua-lf prejud.cm t. the Comineros of the country mBÜ has p.oduoed rii unfavoMble Impreailon Kbroad In circlea huperfcdly Informed m U Üie cuse " The bwt da-ws ui eommereUl papen re now di-counteJ In tta D-mmionof Onnda at prwent at le.tj ¦ven per cent .' o a.e told, wlllle R"niiar piper II freely dhomuled In New York at from thrre to four .er cent The didVrencvUtoogreat, aml U we ate correct a to tbe raus.-, ftronfi repleseutations ihould be made to the BOVMrnmeD on the mlijcct. eh.-iipnioi.ey isot greater imiNirtaiim to tbe detelopment ol all our industrie than aiiylhlng else tliat can be iiameil." There l no deny inje the simndnew vf Mita i n.poMti... Moncy to be chep mu.-t be pleutlful. 1 He bet tüat it s net Clieap provea tliat it is isca.ee. The time at liund wlien the peoplf will be rnu, tü vo me prci rmft u.rr .. the bek cedit In the world- their own liational credit- and tliey will use sume of it In the flmpe ut a Batloual cunency, without diviiiing Ihe lionois with ai. y fo.m f liai.k corporaiion. Linter our present syplelii, the governiiieiit chaiters bmikii of issue. 1" olber wor.lg. the pople lia o lo pay a taï to mkld e.uen t..r a nicilium ol exrliaiijje, the baaki of which is thö credit of the propte. The people pay the bankera lor the privilege of using their own credit and alluwing themselves to be humbuygeo.