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parties regulating the movements Of the precious metals


possess prices Is tremsndous


That the drain Of bullion from this country for Eng


land viii continue, We have not the slightest doubt


it wanted In Lsndon for several important and vital


reasons 1t is however not much wanted there, a.


Its absence from this country is for the pur


pose Of placing the financial power In the hands Of Lon


don bankers and specuator five could hold on to our
specie prices would not be easily depressed and their
object to the only support upon which prices
Ia sustained.


In dra wing specie from country like this 1t would be
ruinous to the manufacturers of Europe to have the


drain continued long 60 too far The markets Of
this country too important to the manufacturers Of


Great Britain to be completely destroyed, and therefore
great should be taken oyerstep the limits Of
safety.


Commercial affairs in this country never were In bet
ter position to stand drain OF bullion. Individual
credits not dangerously expanded, although bank
credits in dsn gerous position. The immense
amount Of specie received in this country, the past
year found its way into the hands of the people, and
kept in circulation among tho consuming classes It
does find its way into the bank In lines past but
has improved the general currency OF the country very
materially The banks have increased their paper issues
without having corresponding extent the
specie hand Individual credits have improved while
bank credits have deprecsed individuals therefore
in better posiition to meet revu-on than the banks
and In fact the revulsion will bs confined almost entirely
to the banking institutions Of the country 1t will at
all events commence with them and PROBABLY through
them reach all other classes 1t s not only the drain Of
specie for shipment to Europe which the banks have TO
meet but Il Ia the demand from the for specie
send Mexico and this drain will prove dsas-
trous than that for Europe Specie going from
country TO another for the regulation Of exchanges
any other commercial operation has but temporary
effect; but demand for specie to send into another
country, to meet the expenditures Of Of invasop
is much wealth drawn from u.s. the value received
is consumed without giving anything in return. 1t is
all outgo and income 1t is actually withdrawn from
The channels Of trade and tends much to restrict
commercial operations II is true that the Mexican var
does not directly derange commerce. destroy the
property OF citizens but steadily ssps the country
its only recognised evidence Of wealth. without irving
the sehtest equiv alent In return. drain Of twenty
to TWEEN five millions of dollars In specie. per annum
will leave banks in position than they
were In 1887 This propose to demonstrate conclu
sivey There is no way to avoid the result then real
lied.