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Paucity Of Silver Change

Paucity Of Silver Change image
Parent Issue
Day
19
Month
January
Year
1877
Copyright
Public Domain
OCR Text

From every part of the oonnbj,t especially the South, a scarcity okb change is reported. In some oi Eastern cities the,jreniinm on éx.i 1 per cent. , and even that is inenfe to attract an adequate supply. A etemporary saya " there is some rk to believe that the poople of the&é eru States are responuble to sonnet tent for the prcvailing scara'j. il i SoutUern paper states that silvet si [ disappearing from circnlatioa in á part of the country. Bank ie 3 i Southern cities have paid it outSbeil; i bnt Btill it does not appear in gftei I use. The Nashville banks liare paiá:large quantities, and yetthe cliiügf: that viüinity consists almoat eidsrc i of fractionals. The eïplaiiatios oSr:r. i that people hoard it as sooa as tí [ get it, eo as to have a Httle stock of I rency of a kind that cannct be iw: ated. It rnay be assnmed tUatBn::: not all, of thia bowdtog is done te groes. They, more than the fe have a fancy for stowNg awsycéold stookings. "

Article

Subjects
Old News
Michigan Argus