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Show 7112 CAUSES 0? THE EUS:NJ:53 DE-! The 11 1 uatis factory condition ot tr.wlo ronlititiea in all p;trlj of the i:o.:ntr-. a:nl y;-ows no belter very f.i.-r. Without any apparent reason j for the iirovailing duihi'ss there U no 1 :.v6 of pi.iple that does not feel the prc-iiire of harvl timc-s. In the lan-1 1 g.i:ige of an Ea-tcrn exchange: ; It ia wr-! than Ut s to ih'euivn our-i'-ivi -. Tii'Ti: i-t no w: h.;pr.':nl nj sub-j ;(nit.al irn-ffrity. can ind no rtk? fit" liiuru. ;'nuin-r-, merchant.-, uru-ullur-i-t-, itlli.nni, or i-omtilotl lnh.it.T-, who :irr- :-! i 1 .y miii.jj a pro:'.'., or liavi- 1'iJi' and i;..ti'.. :.t. .1 . iiiployiin.'fit. Kvi-ry drvi. .' I erhill i-y -a i 1 i. ri mu!iev is ni:i'.I', or ft -t 1 j i.-nj .iried, -1'l'ijhIu be Ir-mpomry, and If-ni-i inl lnj irn--T Hii iiri nr: very in.ii'h . un'-Ul.-d. Tli.- inc-bint.i are not over- ! .-U.i:k. d ftiih pioo!-, luit tli.-y nr.- tryi g to lonn lli.-ir on fill, or a lurii Aitli it in misiii- -'i-uhiiAo v.-ntur-v mtliert fiinnto t'liipliiy ii i.i -.'.in-ri:i(f 11 n a.--ort- in. Tit tit' tin: wans in umii t i 1 . - oVnl. 1 'I'ii-rcon.'.iiin.T-- tiki; I10M nion: -lni- f,'i-lily, Hini -mri'liii-i1 oniy tor irniii';dta!.e I n.ui'--il,i:.-. Kvurywh.-r.! Uleru i- a .-'D-i: I if ilrint.-.-ion, ami ill-'1 jiirafiin'iit lo aetivhy, an attitude of wailiug wi.houl' any fon-hii.Jow ir.jf ot' tin; tbnu ir ulmr-auter ulmr-auter ut' tl o rtli.-l" io W elJ. This di pri'-dioit is probably greater in tho K ibIitii than in the Western cities, and is felt as yut to a comparatively compar-atively limited ci tent in tho agricultural agricul-tural districts, where tho 1 arvest will reach a fair average. The prevalence of good crops of bread -tut Si in Europe Eu-rope will render a targe part of our surplus rain unnvailablo for shipment, ship-ment, and tiic market is likely to rule at lower fijures, thus depleting the tarmero' pockttj and allecting unfavorably un-favorably tho genera! course of trade. This state of affairs will, of course, pass away and be succeeded by better time?, but tho prospect for the immediate imme-diate future is nut bright. IYnph" are trying to discover the cause of the prevailing depression, and various reasons arc assigned for it, the" most frequent opinion being that the blame is chargeable principly to our financial legislation. One considerable con-siderable class argues that the failure of the government to redeem the legal tenders in coin is at the bottom of tho difficulty. This class is made up largely of capitalists, bankers and creditors, while tho debtor class, including in-cluding large numbers of the fanners, mechanics and laborers, contend with equal earnestness that the hard times are. due to the rapid contraction of tho currency, to the large payments pay-ments on account of the national iUbt, tho nitional banking monopoly ai:d the clamor for the resumption of ,-pecie payment. The latter class favors the withdrawal of the national bank currency and its replacement by legal tender notes, their volume to be adjustable by the business demands of the country. They contend that speeio payment is a falhcy anl n fraud, enabling e.i.i'.i.u iinaneiers to control the money market, and fleece the people, while it has never been maintained in r.n emergency, and ha3 utterly failed to protect business busi-ness interest from the cfiects of a financial panic. Money acquires its legal tender p"''.v.:-r by act of tho sovereignty sov-ereignty creating it and is simply a medium me-dium of exchange, and may beat par or utterly worthless, according to the public confidence in the government issuing it. It is invariably admitted that the present papier currency is the best and the safest we have ever hadf and few persons would vote to go back to the days of the wild-cat State banks, when there were almost as many counterfeit and bogus bills as genuine ones in circulation; and there is likely to bo a warm fight at the ballot box and in Congress before the : legal tenucr money is withdrawn. I The question has never been definitely defi-nitely settled as tj the amount of money required to perform conveniently conveni-ently and rapidly tho commercial transactions of the country; but many of those who remember the lively business busi-ness seasons experience! during the war and before the sharp contraction of our currency had commenced, attribute the subsequent decline and depression to this cause. They say that we now have les3 currency per capita than was in circulation before the war, and less really than any of the leading European nations, while the United States, from its greater activity, more diversified industries and extended area requires a larger amount of menfy to transact its business busi-ness than any European nation. Who shall fix the limit of the currency, Congress or the people'.' The advocates advo-cates of the withdrawal of greenback?, favor free bank-ing-that is, they - wouid give the privilege to a wealthy class to regulate the rate of interest and 1 control the money market. The terrible ter-rible power of money interest in the hands of sharks may be more destructive destruc-tive tu a community than short crops, grasshoppers, earthquakes and plagues combined. Tho temptation ! lo use this power selfishly should not . be placed in tho hands of individuals ! it belongs the p-.--.ph through its ' representatives. The above are some of the argu- , ments used upon cither side of the currency q-.;;;!hn. In several of the Western States this qutiun will be i the leading cue in the p jhlieal can- 1 vas. In other-, the issue is less maik- ' :d, but it will enter into the campaign e in cvtv Western and Southern ( state, and tho result will bo looked or with interest throughout the sounirv. |