UNKNOW.

Inangahua Times, Volume II, Issue II, 1 November 1880, Page 2

UNKNOW.

& There is an accumulation of 230,000 I

OrOdo!. jirtlcl coin in the Tn?:miry of til ■ Unped Shite*, nnd GI,OJ!>nOO do!, siivei niiil the lioarj is l>ein:j increased at th rate of a m;iiio~ dollars a day. Instea! of redueim? Uxa'ton, the Setwtary of tin Treasury proposes to jr>y o ! /' t'lo debt a -peedly as possible, w^r^'ipon then vmnid lio no rr-.is-ja for ir.::hi';uninij i i.i-h tariff Ifi ?Jar, IS^i. '!.e Americai 5 per ceut. loan o<" 4:1761,900 do! um'hi'os, and i' will no': S'li'prisO :ua il rvro--t'iii*'ls of iii« bon<!s jiro then, rflde nipd in coin, ancl I lie bahncs refunde! mi Sp.M 1 co:it. Tv l;i<t fin'i::i^ o;>cru'ion was at 4 per ecu 1 ., »U!iou-;!> it isigh! !:ars i)oco accomplished at B}, bat the banks had a hard in the p ; o .?»•( wmi^ed k plum. "Whatever niiy ho said of this coutilrr. however, it is unqvic^lior, «.h!y lie richest ar.d m»t pro<p-ro»is o:i thd iiice of the globe, and T am convinced its form of government lias £)t a great deal >o do nil!) it. Tlte longer I Ijye4]|| more I am convinced t^i; pefciffiji sovcreigr.fy is ti>e^firr«-ct |faß4|^sl*MfiE ftitriotisra is thca a^TfiSjj fd^»Tioia tn -re sentiment, bs in monafchia].ft<Wfl^ tries, n h§re the sovcroi*2t>!y of- th? nation is jested : n ofio member of oneLuniljr •sowerer onffort'iy or iiset;>:ib!e. Toe vifai energy be 'often 'of i*c;)nl>iican inslituiions caniio' be ontclie.! unaer any "t':er form of fjoyernmeiit.— American letter to tive Otac-) Dtiiy Times.