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The Currency Question

The Currency Question image
Parent Issue
Public Domain
OCR Text

The New York Herald, speaking of the deinands of the inflationists for more curroncy, says : Instead of our having had too little currenoy, the very occurrence of the panio itself is an indisputable evidrnce that we had too inuch ; for it wus the presence of more money than we could legitimately employ that tompted us away from the highways and solid grounds of regular traffic into the ballooning schemes of which Jay Cooke's onterprise was merely the most magnificent. And if wo had too much naoney then we can not have too littlo now, since we have at once moro money and less to do with it, and this will abundantly appear as the country recovers the spirit, the temper and the faith to try new eniieavors ; for these, and not money, were what the panic deBtroyed, and these only time can. restore. Legislation will only do harni if it atteinpts in this direction what is clearly beyond its provincc. A Paris correspondent of the Pall Mali Oazette tells this Bingular story of the French press : In the days of the empire a fiery editor of the South was summoned bet'ore the correctional polico, and was fined for an article wtitten by a person whese name he refused to roveal till the court had pronounced ita sentence. The -verdict delivered, the editor betrayed the name of the guilty party. It was that of the Emperor ! The Superintendent of the Yellowstone National Park writes Secretary Delano that $100,000 will be necossary to render the park accessiblo nnd preserve it from spoliation, and complete the survey of its boundarios. Anna Dickinson deuounces, for the small sum of $200 a night, tke passion for money-making, and the Newark, N. J., Courier is convinced that there is something inconsistent inherimmediate vicinity.


Old News
Michigan Argus