Show HISTORY the Ore oregonians oregonian Orce onlan gonian has become particularly vicious on tho the silver ciuc ques sUon doll it in ii a late gives elves Us its account of what follo followed cd in england after the full or oc silver and tile the resumption of rold gold payments were accomplished complis hed ln in 1819 we ve copy below an all extract from it wherein it appears to A peak of tho the 6 20 bonds and th the 8 1040 10 40 bonds issued during war wai timo IRS aa lc if these thelie figures expressed the interest those ponds bonds lore bore which la Is a gross blunder the lite 6 5 ran tho or twenty years and bore 6 per cent interest the lq 10 ran ten or forty years and here bore 5 6 per cent interest tile tho Ore oregonians oregonian gonian this resumption was wag followed folio follo aed by nn expansion of business ond tiby by un litro eoll 0 ot of speculation similar to chono go which ensued up upon our option in fit 1179 tho the credit red t ot of tho the erl erlih I 1 all government ove which IT had ad f fuin uin I 1 shod lahod tit the 0 henf inoes wa or of war to alt all lii ropo to oppose napolon Nu polton polon as ad go BO streng strengthened thene deose t ahat atiL it nEss ablo to fund its 6 por per cent debt into one beathur I 1 per cent still less lo 10 just jui nm am our government converted on berged verged into 4 per cent bonds boin lt its 50 5 fl 0 and 11 1 1 bonus bonds thoice tacio nas as a general p nerol rise ot of prices by tho the capital let loose by the debt holders who refused to accept tho the lower rate or of interest speculation became so refo thit th it between jieh 4 and jun aune Is r tugar tallow jup CO corfee ec and othor other sided 0 rose roro in price dealers over overstocked stocked themselves and prud paid lor their ventures ven turca notes drift accepted accept rd td bill prom from merin merill chandle chand lc tho the to all sorts or of securities found a ready trial mai kit tt and soon sold mold nt at premiums premium of 0 irom eu to lo ica per cent for tile the london public mas a I 1 rn as chazy then ila as they were mero of 0 ree r C cant C 1 vears scars when barnoy bernato um the diamond king footling out south african blocks to hungry bidders tho the balloon burst lit in 15 aben w lion eltty tarco country tanha banks and four london banks anks suspended the impression sought to ve be convey conveyed c d was that england generally was so s 0 prosperous that there followed EL a speculative craze and that tile the abundance of money v wao an so geert that england was ablo able to reduce tho the rate of oc interest on her ter indebtedness the truth was vaa that sho she ilko ike the united states we was a able to reduce lier her ra rates les because the creditor class mallch w had the t ho money did not dare invest in any culinary oid cud inary pt properly I 1 s and a it n was as ill that a t C class 1 ars that did the speculating of the effect of that le isla tion llon on the country generally th there re is much better aut hOilly that than the oro go donlan lilan we war will 1111 copy aiom the men mc n of that day a few mtr extracts acts henry at tile the time secretary I 1 to 0 tile the committee of county bankers said the act of 1819 was the main cause ot of the fall in prices as well agricultural its as nine alno out of ten of the great manufacturing works of 0 lui lan cu share lind and changed hands bonds through insolvency in ISIO mr weston fl 1 I r from essex raid it na M as to tile tho change in currency eliat MO 10 were to attil attribute bute our sir mr I 1 hudson I 1 gurncy declared declare that thi the louice of all our difficult lep anil and till all the distresses that press preast 9 so 0 large 9 a portion of our population t to 0 tile tho earth Is tile th affair ot of money the great and inconceivable error of oc making eold the only 8 standard ta mr ir atwood said nip ill conduct ot of tile the government respecting tile tho currency lias has operated its as a s a confiscation conri of the property of the landed man for tile benefit of tho the moneyed man illan sir 11 II 11 burdett of the fatal bm bill of 1819 and at tile the worship of tho tha golden idol eald they tile the interest the shipping interest Int creet and the commercial interest to la tile die public creditor daniel oconnell or of tile the gold currency bill as ai it a lian or and again 11 A 1 motto moro destructive destruct ivo bill a more inore ln lit bill than that ol of 1819 1810 has haa never been introduced tile the d lit in ahll I 1 it I 1 var at will and tal clial vas nas ihn hi b arl ff t ot of the lite law was fujil in cil tu to zil giu it und and 3 whon when silver everywhere else was wi on a parity with fold cold that tb at fl A news RlenA rapT paper lit these rn n days should publish it as a c nod legislation Is simply aliling and abetting robbery utter after the th fact still then as now lombard street was stronger thon than the government and the of oc the english proda ing cl classens assets was prot sied by with no more motion emotion than Is 1 provoked provoke over the spectacle of fit KW dead of men romon and children w who he if alel ed lost last year benr in india not th rlph I 1 a larnin fanilla 0 11 bread arc id bill ot of money |