EDITORS AND PRopRIEToRs.
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PAPER CURRENCY IN AslA.--fts:s gen
orally believed that our tluctua,ing, ifrc.
decmable currency gigantic and over.
shadowing woed that chii!s and uproots
that which it pre,ends to be MONEYS
the offspring OF the commercial refine
nicnt OF these times. Not so; almost six
centrr;es ago they knew in the heart Of
Asia, as well as they do in Wall street
now, that promise TO pay was just as
good as payment, to tic maker, cape
cially it any body would take it. 4 Tar
tar prince, the famous kublia Khan, was
the Nick Bidd'e as we'll as the Bonaparts
of the thirteenth century. In fact he
surpassed them both in their own lines Of
not fraud and force, for that would be
impolitic- but in successful finance aud
glorious conquest. Tho Taricr lnancisr,
when his treasury was loH, and i,iss 500
wives and 100000 soldiers wanted money.
he used to sta,,,p lis marx Oh BITS oib!aek
paper, made Of the bark Of the mulberry
tree, and distribute this '.souud national
currency" as gold and silver. The gcY.
ernment servants were frequently paid
IN this way i'll Asia. This money stood
at par. 10 use modern phrase, for the
excellent reason that 10 refuse it was
death. Thiscouldn no, happen in our vel!


regulated republic; the people may take
1t and be yuined--lriven to crime pei:
.haps % desperation -or they may reIiise
itand starve --They are perfectly free
10 chose, ana must take the deep respon


sibi'ity of their choice upon themselves.
kublia Khan. however, had more con


science than financicrs in general, Tor he
always redeemed his promises to pay
when he had tho gold in his possession .
aud q. all events kept it Il '.sa:e ana uni
form circulating Medium" during his
llie,An exampfs.Me commend to his Ini-
tators here. The coioApf the paper, aud
the names Of the banker 9en to b. Tex
cept THAT particular oil 6 aging some
timel the only di!lercnl !, ~ NINA tho
Asiatic and American t,sasA4a,. \ a. - SO.
rical parallel worthy Of record, --1,. y
Sun. ~