Specie Payments

Wheo tbe exciteiutiut aUendant upon the political c;i[ivbs sliüll liuve paw-tui away tlie public mitid will be more directly turned to i eousideration of the final posiion of the country. It is now ncarlv six yeur-i 6Ínce the close of tb war, and yet ÚMe vrho aro at tho hea'i of public uflars appoar to havo mudo no effort to give thu people a eound and convertible cunoncy. Gold aud p;iptr 1 have raore (ir loss co itinuod to approximate eueh other in ;lue, rather ngstiunt tho financiul p-'linv f tlia i tion than tiirouh it aid, atid proper effort on its part wiuld Havo secured a resumption f specie pnyiuent by a pro cess so gradual a 10 h-tve h-iriity been folt by the C'iinnerciHl iutero ts of the country in Ihe (listurb:iiiC9 of valúen. - Senator TrumbuU, of itltntd, in a re cent epeech at C!)icsgo, sagf8ti'd tliij plan for an farly resumpiiou of specie pavmeDts: - F f et Prent. lst. He wouU coinpel the natinal banks to holfi in reserve the c in p iid j them for interest on thcir bonds, anj he would advnnct) iho value of treasury notes bv mak:ng them reccivülde for two thirds of tbe import duties, aDd destroy i the notes when received 2d The banks are paid bíx per cent. interest ou their boud-1, and it wuld take ahout six yuars to accumnlate coin eoough from thi sourco te cmmeuce redemption in hard rannny. They should have at least, o-.ie-third of the ntuouut of their liabilitics ia coiu befoie they beain redeiup'ion. There arenbout $'20f),000,000 oñoio in the couutry, and oue-half if' tlns sum is in the United States troasury. 'J'o meet the interest of the publio debt, and dtiiergold ndobtednesB, it íh Boeueary for the treasury to keep a reserve in coiu aud vvere two-thirds of the import duties made pnyablo in greeribacks the reserve would have to be largely inorease,l. Suppjse 8110,000.000 a year in ourrency be received for import duties, aod tbecurreui'y destroyed, vrbere would we get the cireulation to f511 ihe void thus rasde V ''M:ike naiional banking free," "and organiza cew banks,"' says Senator TrumbuU.