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Show GENERAL. . , Ol t ( I KKFNCt SSTKW. t I'rol. Itouumy Price Declares it a Bud One. j New York, 30. The 'fnhune, tomorrow, to-morrow, publishes an interview with Bouamy Price, of Oxford University, who addresses the Chamber of Commerce Com-merce tomorrow. The Professor thinks the American currency is shockingly bad, and says there is only one step to be taken, viz: the extinction ex-tinction of inconvertible paper. ' Anything short of extinction of currency cur-rency is so radically and fundamentally fundament-ally bad that I have no interest in the comparative relative goodness or bad-1 ness of any expedieu.s. Secretary IMcCulloch's polit y was right and hisi example should be followed. The only object of currency ia for ex-! changing goods. If eunein-y it thoroughly convertible 1 don't tniuk it in of great importance tnat there should be a iarge stock of gold provided. pro-vided. If currency is icetied by an issuer who is perfect'y sale and thoroughly thor-oughly responsible for debt tho public wont ask gold in exchange for his notes. They would rather have notes." y. Why should not government be the issuer of convertible notes and derive profit from them? A. You cannot get the government govern-ment of the United States into the J 1 bankruptcy court, but you can put the directors of the Bank of England into it. You cannot rely upon convertibility con-vertibility without a party of politicians; politi-cians; the public Jwou Id not believe in any paper issued by the government govern-ment direct. The profit belongs to the nation, but the government or a President are bad issuers of notes pledged to be paid on demand. l' believe the intermediate agency of some' private corporation is the true method, and a deposit of national bonds is the legitimate and proper security to bo required by issuers of notei. |