we make the following explanation. The
relation of currency, or circulation medium, to the industry and
business of the state, is similar to that of steam in an engine: a
certain amount is required to keep up a regular and natural movement; an
excessive amount causes too rapid motion, and a deficiency the reverse.
Currency is made up of several things. Bank deposits, circulating by
checks, bank notes, and coin, are the most important and best
understood. The aggregate amount of these three items before the
suspension of specie payments was above $450,000,000; and this sum is
required to give a healthy movement to business affairs. Take away any
portion of it, and prices fall and labor languishes, because the motion
from it is too small for the work required; add considerably to it, and
prices rise, because the motive power, being superabundant, is too
freely used. When specie payment was suspended this motive power was
reduced; the circulating medium fell from four hundred and fifty to
three hundred and fifty millions, perhaps less; and unless this loss is
replaced it is quite clear that prices must fall and the employment of
labor be curtailed. The issue of treasury notes will fill the gap,
making the business motive power of the same strength and ability as
before. Thus it will be seen that the emission of treasury notes plays
an important part upon the industry and business of the state, which,
under existing circumstances, can hardly be over-valued, as well as in
the national finances.

* * * * *

The Darwin-development theory has of late attracted no little attention.
One of our contributors favors us with _his_ views in the following
'wild-verse,' which is itself rather of the transition order:--

MODERN ANSWERS TO ANCIENT RIDDLES.

'Whar did ye come from? Who d'ye belong to!'--_Ethiops_.

Philosophers say, deny it who may,
That the man who stands upright so bravely to-day,
Once crawled as a reptile with nose to the sod,
His grandfather Monad a bit of a clod.

To be sure, man's descent is not made out quite plain,
But one or two _guesses_ might piece out the chain;
If the chain is quite long a few links won't be missed;
Or, if you must join it, _just give it a twist_.

A bold Boston doctor, by stride superhuman,
Makes only a step from a snake to a woman;
Or, inspect your best friends by Granville's good glass,
And the difference's as