Washington, 20th Oct.
A telegram to the Times, of the above date, says the order issued by Mr, Sherman, the Secretary of the Treasury, for the pur: chase of silver bullion, is to the effect that 400,0000z, shall be bought weekly, and not 45,0000z., as was previously announced, The Washington correspondent of the same paper, telegraphed, on the 25th Oct., news to the effect that President Hayes and Secretary Sherman have addressed an immense assemblage at a State fair held at Cumberland (Maryland). The President, who was introduced by Governor Cirroll, delivered a speech, in which he said there was every indication of reviving prosperity, which would be confirmed by honest money for honest labour. Mr. Sherman, reviewing the sources of national prosperity, stated that the balance of trade was this year in favour of the United States to the extent of $289,000,000, and pointed out also the increase of production, the diversity of American manufacture, the decrease of expenditure, the advancing credit of the country, and the success o which had been sold. Mr. Sherman aald the Four per Gent. Bonds, $158,000,000 of
that the paper money now at par must be kept so, but observed that the introduction of the silver dollar had complicated the resumption of specie payments, "He hoped that Congress reould limit x isos' increase its intrinsic value, in order to keep it equal to gold. 'The Treasury, continued Mr. Sherman, now held $137,000,000 in gold and silver to redeem any notes presented for payment. Gold and silver were coming from Europe and the western mines, hhially, snd BE, Sherman declared that which' would produce $100,000,000 an-
unless the people preferred irredeemable money and unless they forced an excessive issue of less valuable silver, which would drive gold out of circulation, the United States would have redeemable money at par with coin and with gold.
Text read from the printed page and cleaned; old type leaves the occasional error.