THE STANDAR RID.



Wednesday, December =, 1912.

MONEY MARKET.
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Our article under this head was unavoidably omitted


last week We by our last advices that money still
continues abundant in the Northern Cities and the Banks


there doing all the good business paper that IS offered
them and would be glad to do much more than they get
Their vaults abundany supplied with coln' and with
present relative situation with the European markets.
are likely to continue so for the exchanges consider
ably in favor and large shipments of specie are con-
tinually arriving 1t is estimated that we have between
IS and 80 millions Of dollars in specie in the United
States and present years crop will give an ad-
ditional increase of 10 millions more cheer
ing prospect for establishing sound currency through
out the whole country; and if Legislatures in the diff
ferent States will compel their unsound or suspended
Banks to go into liquidation, and prohibit the issuing
circulation ofsmal notes, shall have plentiful
supply of specie change infused into the whole crcula-
ton of the country-and the Banks will then be much
better able to sustain themselves hereafter in any crisis
that may But when small notes are issued the
coin will be Immediately and eectualy expelled from
the country that authorises tolates it, and it will be
the first step towards the appalling depreciation of
of our South Western States. flour Banks not al
ready authorized to issue notes low dollars,
would say limit the issue to 5, 10, co. So 1O0 &c. and
allow no smaller notes. and of any intermediate de-
nomination; to make mixed currency, and avoid
the of sister State of Virginia. where the object
seems to be to make Bank Notes constitute the entire
and sole circulation and to keep all the coin they get


locked up their vaults instead Of allowing it to answer
the purposes for which it is best calculated of crcuIa
ting among the people; that few dollars in the Pock
ct of the laborer will not be destroyed by jacket to
the profit of the captasts-as is often the case where
small notes are tolerated


Our own money affairs continue without much ifany
change for the better Our farmers, believe
are 10th to their Cotton at the present depressed pr
ces-hoping for improvement shorty-and conse
queny we are slowly receiving the benefits of years
labor We think the policy mistaken one; as we see
no indications in the foreign markets to justify exPec
tation of an advance in prices-but, nevertheless,
have the crops yet hand be realized during the
suing winter and spring. from which anticipate much
benefit and relief.