Show THE FINANCIAL stringency it is is becoming at least a shadowy probability probA billiy that no currency measure will be got through this session fies Bion of congress one of the reasons lor for it be ing the great number of bills that havo have been presented it is 13 now believed in in well informed circles that even if a measure should get through it would under the circumstances be euch such a one as the people would demand the repeal of at lie we hands of the next congress eo so unsatisfactory would it ibba be and an J yet some measure to relieve the pending an and A mally recurring money cri crisis big is an im per atiya necessity the situation just now is like that of the arkansas man with a hole in bis his root roof be he repair it when the weather was bad and there any necessity for dolne doing so when it was good the subject has been exhaustively discussed by men of more or less lees ability in financial matters but to fettle settle it on anything like a definite basis as to the volume of circulating medium required now or at any time is palpably out of the question some lew few are of the opinion that 10 per cent of the valuation of all the property in the country should form tho the basis or rather bo be tho the amount ot of currency in circulation as this would give the nation about eix six billions of dollars or nearly five times na as much as we have now the chimerical not to eay gay i quixotic character of that suggestion would seem to need nothing further than mere mention to be uproariously eat sat down upon another writer would have it remembered that not more than one halt of hie the volume of money Is in actual circulation nor por would it be inactive in active circulation no matter what tha the volume might bo be among the various measures which have been introduced in the present session of congress that of mr Willi william Atia P st john which was introduced at his request by senator plumb as an amendment to senator Sherm shermana Bh ermana anle bill seema to have attracted the most attention from the financiers of the eist east the kow new york tinus of a recent date nava give a very lengthy explanation of the measure as did also several other eastern papers it I 1 must be remembered that tilt st SL john Is knoot of the theol Joa I 1 as well ag as one of y zt I 1 7 q ri tm 1 f I 1 L I 1 I 1 1 1 ii 41 tw I 1 1 I 1 the largest bankers in new york but as bis his measure Is one of the most abstruse and voluminous on iha the list it probably does not stand RS as much of 0 a show jast just now as some of the briefer and more easily understood ones it seems that nations are like individuals they have their periods of expansion and depression some are rich and others poor a few have good credit the majority have not and some are better managers and con than others in the meantime we should like to get out of the woods in some way and that at as early a date as tho the thing can decently be done |