Show SEEING IS BELIEVING A an n eastern paper seeks to show that I 1 coinage has little or nothing to do with finance fl oance and claims that it bus bag suited the purpose of money speculators to confound cut coL found the two at this juncture it makes anew the apropo itlen with which we mrm mr ar m quite tamil amil tar jar that it is IB generally known knowd that drafts il which are not money in any sense are doling doing the bulk of the bust new of the world today and are not only uly worth their face ace value but are often at a premium this not dot a lorcey but a legitimate natural and well arned premium this is claimed to r be the result of the value of drafts as ae mediums mod lume of quick exchange exco anKe la in extensive a 8 be domestic and foreign commercial centres bentres cen tres the question to ie thou asked what has baa a 60 cent silver dollar or a cent void dollar to do with such transactions out this way we cannot pretend to such prescience and perception as ae the more highly favored deniz denisena den izena eDs of the fast but it if we were requited required to anwer that question quee tion we would say aay one or the other or both of those mediums of exchange have everything to do with such buob transactions of course they are seldom handled not dot even seen been but they are known to exist as ae the property immediate or ultimate of the one who makes the draft otherwise i f course it would be worthless and so BO far from possessing the magic qualities attributed to it would ue be given t the or or placed in some other situa situation tiong as soon as seen there is something that is more satisfying from the same writer in the sub joined paragraph but it is ia said balances to europeans must be paid in gold for they will not lake silver or silver certificate unless it la is understood thal thai these theae are redeemable in 9 gold old at the treasury treasuries let lei it be so understood then but europe and the moneylenders money lenders of this country say we must quit buying silver and must repeal the sherman law or they thay will lose confidence and then 1110 deluge wemusa we must draw the line there that is ia the business of the congress of the united stages there is just this much to be a wed ded to make the story complete as we look at it the law will cerLa certainly be repe repealed aleo the first decisive jecht ive stop step having been taken the country will wili BOO n have an exclusive gold stanfard stan stun of finance like england engrand and the moal hobt of the great luat lotis of the continent we will have to slop one of our greatest I 1 L destries du dus etries tries aa throw half our money out of circulation to do it arld and the question then anser arise by reaton reacon ol of all this will our drafts be more acceptable and less suspected eua acted ted than before because we have abandoned the all along custom of abundance of currency and gone into the contraction business busine 8 whereby instead ot or a dollar with which to meet a draft when it reaches um UH for redemption through the clearing house we shall havo have but 60 cents is ib that what is to add to the stability of paper aud anti the credit of those who sue it 1 t we ve hope it may have such result anu no liot say may that it will not but bin prefer to believe by see seeing ingo |