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Show DRIPI'ISO TOWARD SPE(:il PAYMBK-IS. A strong effort will be made during the present session of congress to return re-turn to specie payments. A bill has already been introduced for that purpose. pur-pose. The following table shows the highest and lowest prices of gold siuoo the suspension sus-pension of payments': night-tit. Lowest. 1G2 - loT ltKJ 1SH1 - - 234 " 1MU IMii - WJU lis; eM - ltiT'; 1J5 lhtii - 140 y.a mm - - lio i-' im;j - ic5 lui',; lTil - . VX'- UU 1S71 - 114;'n llKVs Gold touched a lower point last year than ever before. In the absence of auy legislation looking to specie payments, pay-ments, it would probably drop to a lower point during the present year. There was a time during the year 1871 when the difference between paper and cold was ooly Si cents. With a difference dif-ference of only 5 cents, the transition to specie payments would produce no perceptible crisis in business, the nominal nom-inal and temporary depreciation of values would- be more than balanced by the gain at once of a standard which is fised and certain. S. F. Jiullethi. |
