Show mvwr ivi IUIXIITI John 0 Iallioun In lilt speech ile Lint In Hit United Hutu bcnale Mar li VI 1 1831 on thu bill tote charter the National Hank inlJ t Ml teal tint the currency li a delicate ulijcit muiltlng tu be I tfttirhrd with the utmost raull1 but In order lint It may Iw I well ai well m fell why III It 10 delicate why alight loathe either III detraining or elevating It agitate and xxunliotlit stint community I till pan M lo explain Ihocaimt If wo tale the aggregate properly of a community hal which furs HID currency tixi Matte In value a icryiiuall > ruiorlloii bfthe whole What tills nruHttlon lila I li-la our country and other commercial and trading coinmimttlei It miniowlut uncertain I speak 1 conjvcturully In Ulnit It as one to enlyflve l or thirty lli nh I presume that Ie l nut tar fiuiu the truth ami yet this proportion In our country and other commertlal and trod ian ciMinnunUlce regulate the value uf all th rest and form the nitxlhliii nf tirciiUtlnn lijr which all lie uirlinugri Ire lrlttI j tirurlnic tn this IUIIl1I a trUilig luillrltr inntUiiIni tin ill 1 unity ol time uhjf < li tu the lilowl In the human or cutout jrnleiu i II we turn our atlvntlDii to the Uwi which govern thin Imitation WII tliall Cad one of the mint lui > nrunt tu tn tUnlM the clrculatluii U I InorrflKil or decreased the rest 01 the property will all other rlnniiiiUiicrt tcnmlnlnit the Mine Uulrrrwitil or Increniiil 111I 1 aluv tinitly In law rninu Irolrlloll Tu II lattratB 1U couiinunlt should have an aggregate Htiiount ol irnxrly of < 1I I UUOOUO of Hhlch ItUOOOOO coiiitltutM lit currency If Hut ilWOOOO In I ri Juiiil olio tenth purl Hint li ID My tlOOWX tho value of she rest will la l reilurnl air Ilka milliner oii tvnlli part shut li I MIX > 0000 butt limn a vry 1m > orlaut fart illwlntoi llwll witch explain ex-plain why the currency thotlkl 1 Iw tumliwl with inch ilfliCHcr and why iinliiliiy and tinlfurmUy ate saint p unliilqiialltlM I niKin that a imall Uoluto reJuctlon of the carreary makn a gnat abfolnlv 1 rinluitliiiiof Ilia value of hfi ntlro l o IU > vftheeoumiuiillt u xv iro m the toss mipHM > etl when twlutiion of 410000 In the nurrenry rc dun the annual Iue uf twOarty MixiolW a cum thirty lime grtsiliT than the rwluctlou of the currency I KUKKCY lUNTHUU LID From this rwulli an htlUlalll ivn Mtntlon If we npntae limo rntlie nrreury tote l In thu Imnile ol uuotlirr fctlou the former hy hitting tho cur teary In their I > O 1lut1 might cot trol the value of all the property In their eMiMiunlty and lmsaeee 1 Ihouiwlvn ol llat their pleasure Take the n > > o nl 1 nary wheeled and suppose hot tliOKi who boll the rurrvacy dluilnlth it nm J all ulnlrartlni l It from citt limn Iheeffnt ol nil < h would Iw I to rcJuit lliotlniiUliiu is a X Meikt tin ilitu of l r pirn Ml n I ii 10111 itt Lull hll i 1 n > I I tin 1 r ii iti le r tt t I 01 t It I NGrat9 1 I 1 t va I rnart I jou Iua 1 I I 1 t t 4 the jrNtwt ilt > t il nrfH Wif clmila l I lion ll thin leant awl r e ffln < at the > olnt of the greatest elevation alien ilk l the lIld lli e npiOeelnoaersd elan who email 1 at > leniflr Ingress 1 or ill mlnlth lbe ralcnlatlort hy h lrartln or restoring U might aleo at pleatnre control he entire irop i rty of the country coun-try It 1 remit from slits that lime it I a tntftwi niit HiUlk relation letween I those who Iralil or dWinwml the currency cur-rency mill the rest of the eon stnnity but fortunately for for country thin holrfvti of iwjiorty neat oft hue mrrrncy am M MemJeil as net to e n > tlluif peirate claM YMtl i worthy to re Osrktt ilnerrta UroDzly I to attrart the attention of those who hare ham ol the pnMk nlWuthnt iiinUr the opera tint of the banltltiK lytnn and that particular illilrllnillon of properly cubit lag In the > hoO of reillt or pluck public pub-lic or private which a itnklncly Ills llnfulihei mwlrrn eoclcty 1 from all hot prerwilril It Ihero Ill tout trmlenry 10 ctratn a pjrnlo monevwl interest areoinpanlml with all theilanf wbUh mutt iiromurlly result fretn inch itpara Ilion I-lion which ilixervc to 1e I ruwt carefully II fully watched ami reiliteil inn Hoiicvan ivmimrr m > w EXMT I Tho relation bIlol money and other torso nf prnKly has never ten more I plainly and lniire lvely Kilbetl than 1 In the shove extract 1roni Ihli match le I e > lioiUlonof that subject It appear I that tho liability and uniformity of i thli relation In other wrdi of r the currency cur-rency < lo end not upon this character of the material of which money li inado hut ullI the quantity 0111 In circulation circula-tion nnJ that italilllty uf I the currciity cnn only ho I rrallieil hy ailjuitln Its quantity and keeping It adjusted tu the waatiof traile It 1 also shove that the practice uf dralntni or reducing the circulation nf of the financial system fur the alle nl 1 purpose of ImprorlnK It < finality It I an 1aoui to the old 1 practice at hlixxl 1 letting to cure the Illi of the huataii yilein Ill the light of It we eau under tend how the extmtilon of illvcr from the money stuck him had the effect for the ilL twenty years of mihjecllni to n creeping paralyili late Industrie of gobs tamUnlcounlrlM while lhnit > of filter using ciinntrloi hy reannnof the eienii lion from this malady have dnrlnx the nine Iterltnl I hrvn unusually pru prrous It cnnnot escape the olitirtiillon that the pronrem of evens shine this leech wanlellt > re < l has under thoofrutlon of the luntliu lyitcm mxl that particular 1 particu-lar illilnbutloi of property exlttlni In the shape of crnllt or stocks pnbllu and I jirltate already Crentrll h a mdnrvnl intrrnt which hni devrln > e < l n dan urrnuily nntoxonlitle rtlntlun hetwrun too whu hold orivminiiHltlucurrency mud the rut of the community This exrciitltehraiichot law K verniutnt In ilcfliinca nf the mpnir will li luereni Inn this public ImlebleilHMi In the form of heed Ikiucd la llio name of this people peo-ple at male which rrmlndi ui of thus war period fr the cote benefit of the former whereby they are rapidly alt 1 lothlnti the property of the lathery llrnryl II Miller |