Show THE FINANCIAL CONDITION OF THE COUNTRY thinking nien men everywhere are be beginning gin to view with feelings or of alarm alarin tho the present financial condition or of the country tho the recent ribe in in gold beilic acin of morn more than bui significance when tho facts of the business of the country are arc understood tho the misses masses of the people without reflection or investigation accept the periodical statement that the public delt debt of the country is reduced so miny millions millio oa as indicative of a healthy DI da dional prosperity without further concern when tho the facts are indisputable that with all our vast resources we are plunging headlong into a state of financial from which it will be difficult to relieve s the prime cause for any difficulties which may adibe will be found to be first in the extravagance of our iw imports ports us as compared with our exports which for the nine months pr preceding cading and ending september 30 reached the enor moui amount ot or while the exports for fir a corresponding period only reached our imports im front from january lat 1873 to march IS 15 reached 18 an increase over a corresponding perio I 1 in 1871 of this great dif ferenec which for the past icar will probably pio Ilo bably reach ol of churbe lias has to be provided fr for in gold and blocks we have a ria national lional debt which calls for over or ol gold annually to pay interest on bond bonds atho tho bulk of which are arc held in ia foreign count countries ficiA here then we have a gross drain on the Citi country of about 23 with a gold production of less tajan per annum to li meet it with the condition condit ioa of 0 ilia alio Trea iury itry on march istas lit as compared avi wili 11 the two ta previous years is anything but encouraging as aa on marh lil the treasury Tica sury held of its own cola coin only oaly while at the saint fame time laal year it held find and in 1871 the imme immediate liate caime fir ajr the present presen L stringency itri ogency in the money milliet il n said aid to be due to the low of the f reserves of the banks in new york t tho b 0 amount filling below the 25 per cent required by law while two bearg ag aco 0 t there b ere we wa s an excess of 00 the truth ifft if it mait be told seems to ha be that as a nation we are living and doing boio business on r capital borrowed mildly mainly from burone Ju ropo and our national Da tiona energy is is being expended in in paying loi jai terest and alla supplying eup plying extras extravagant agana wants 1 unlike england whoa enormous debt is mainly held by her own owa people 1 ailt about 3 per mat cent per andouin ca ao aej kept in continual circulation within liar her own domains do maloa wo wd are arc pasing pacing six par cent in in gold on nearly early thirteen buu bundred dred and forty millions of dollars do llara to enrich that and other countries la ii addition to this our rai roads are owned in europe and i a large proportion of our ocean com inaree carried on in foreign these are slate of facts wh which ich should engage the attention of our legle legis liters with a view gieir of lectia meeting tho the rapid I 1 ly y ino demand upon our rei resources oure from abroad tho the nation is abundantly a aly ablo to overcome every difficulty of 0 this nature datum it u is likely to 0 encounter but the people need to have learn faith ia our own country we have already ha I 1 too much ot of abroad to borrow unary fur foi all our if a railroad I 1 is ii to be built wo we run to london or some of the contin cotal cities to place the bonas ira if a mine mille is il to be stocked wo we must go to 11 drope ila ia order to do it iia fact there to labut babut few enterprises orally i but what the aid or fornica capital is sought this although by out our exigencies I 1 is radi CAlly zal wron gana r iome time in the future will be obviated in the meantime mc antimo more currency is algol needed to carry on oil tho the bu business 3 of the country I |