New-York tribune. [volume] (New York [N.Y.]) 1866-1924, July 31, 1875, Image 4

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New-York tribune. [volume], July 31, 1875, Page 4, Image 4
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New-York tribune. [volume] (New York [N.Y.]), 31 July 1875. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1875-07-31/ed-1/seq-4/>

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QUESTIONS OF NATIONAL FINANCE DISCUSSED BY THE PEOPLE.
aroona oe the nru?oaam ra pennsylvania and tub west-assignats op ali. colors-does it pat fob a nation to be ?onesti-letters from ali. sections and classxs.
THE 3.G/> ASSIGNAT
?a ?
MOKE MO?T t)N Till: PROJECT.
gmoniri utomiaivtuairi .isnsB raoai mb.
lill MAM BRUMA
Te f*c EOitOt of The. Tribune.
Siu : 1 ?iii?! y??,t g reply to ;i jioi-lion of
your mtiie of six loiig patagi np be <m what pea an
BaMMd ti? ?all "Tl.e It (ia t?pnm?." Bel only in this
city hut .thiaaghoat thi? Htatc mc nu.uy lnt?lli
griit Democrats and Bepabtlean ??ho are eanataat read?
ers ?if your i? ri ably ?('.Heil pai?cr, w!;.? ?ire ardent sii|?
perton ot the i?"??pii''s neaay antaBn totahtavnaey?
Tha're 1? BB n?oiii making any oiij>ii?ll!ou tous, Iiccuse
i<< lieve the i?>wrr, ninl will a-\? :< htt ii, le ivmii an cntirn
Ti fnrui li? the monet?r? ?? stt ?n oi oui country. No eppO
sit.on can illicit ii?. True, fue leadtag Pepen cveiy
arbanan aantaal aa,botwe ha-.-? .adopted aayalenta
rouiiiiuiiiiiiti'.o; vin th.- ?h?.jilt iii.it readilyovaroonn
the infill.m<? Hint pap? ra can uork, lu tin- ?ml it vill
nat do ??iiiat!.? .ham to patalab tee toOawBaj reply toa
isarlioii of youl . litote.
tevtag ?'' .lour pager of ihe lTth ln?t. made the
SUit.nnii' Ibta "from Mr. ?' rey down lb? re is not
au adverada of Ma nhcaM ulm w?n grec a togtoal
end u,i?-!l:g!li|e di finition of tee ??'?rd d"l!:ir," I presume
ion ml! not I ?ill??' me ??it np; tn iniiil;.- to Ct?( ?mil ;? ?liil
Tiitn.li. In 1709 I>r. lYiti.i.iain 1'iankliti. liiiore the Il-it
l?h lia.ard of Trade, ?I? f?-ii?!.-tl tba Ain?iican sy t? in mt
ier?i t? nder tn ney- not ruin amble in eaaa?aantata tea
Bruch aval ne al baahnuvcacy. The Britta! Board
Of Trad?* "?sid : "Thal eiriy inntiuni of trade should have
Bl? lnlrlii-ic vall'.ii, wbnii paper BUIJ hu? Dot." To
Which Franklin nailed a? folio??? :
mowin tit a pattk-ntor tetar muy he for n par?
ti'ular put i?.?c, vi i.? ?ni i-r ?hit Ihmg is no1 lo
I. had, or no! !o ?n liail in aiilliiitiil (.iLiiilily, it
l? ena ? n.n ??ar? te u-i ?omethlna ??!??-. the t??
test thal can be m?l In bau id ? It ?t nmabaril, therefore,
le draw aU their I tee Cuhmio] nal uttmrj iimui timm,
ami I hen i? fur??' thean tm poo? privil?ge oi luton pap r
Instead uf it. Bank Mila ami bankent'notea ara in dally
o?< lu ?> | n Racteudl a? s htedlnwi o' Iradi-, and to large
doeJinga perh.apa the greater par? i? transacted bj tneir
meena: aad rd tel aavi an inlrluak value, bal ml n
II i cn iii el ihn??' .teat i ?ned lb? an. i-? pap? i billa lo tia
?i.iiini?? in nu ii?" ?reii.t ni the reapceuve dnvcrnne ms
Ibne. iiieir Iiiwnis] iiiii? tena pa.? uni?' la ?-. -?i? agua
sight, bj ih? drawer, 1? uni. ,-,1 a wreunadanoc tlial can?
i,.?t atti ml tin (?ipiiiy bil-, lor te reaan .ju-t above
nieiiHi'iii ?I. Uni! ea?h i'i I mt drawn frem til-tu li.? tin
British trade: but Ibe legal lender .benia suhetiluted
in it? pi.n. !? rallier a greater advantage to tee
|ati.?f?taia:, ,-u el' in ? t! Dot !' ? .it Hie troll' le "f .going to
a pa?t!, ni ii ii .ni. o; ban kera to demtiid tbe money, * *
At tins very tuni', i-?i ii Ibe s:Iici miine? ni Bngtoad is
li! ii Iii I lo the 1? ..si i, i,di t [.ni] for a \ ?tit id Its vainc;
that patt Which Is Ihe difference la tilt in ii- i? ii i?i Igiil
aaid Jilalan inalla,n. ?nal pt,tof Hie ?nilling-, and su?
it ne? naw euri-, ?"t are bj ?M'.iiiiu beeuauc ."?, IO, SO,
and aom ?it ti?- ?api a ??? n, n M per o ui tiai light. For
til? iift. r.tice between the real uni nomln ?I value, jon
han-not so utitch ?i? paper?yea bare nothing. It to the
I? lim lerner, ?? ,th tia knowledge Unit it -, a mall) b re
p..?-tiiiin a.n ,-,..??. value, i...i maki.? Uiit?;?.?un? worth
of ?iver gan tor ai i uraco.
Tin- " logical " aaawn of PteahUn to the Britlte .Board
of Trjde sciin- to me io be iiii "ii.i IUglble,M teal
morn ?? mthUtftg " miiliuin ol aitkamgt, (int' ii ti hut Ihr
tate di ei. ne* " io hr iminil ii.ii-,j nmi a tegul lander" in
fogtttntrf nu iIi-iih, ?in'iiir itmi grtfgte,wilted nmg er
e*i.fion* irhoieerr ; and that a dollar i* vliat brail the
?Intiiji or hilare?? oj a tttftmtSblt (iorrrtiintttt for that
Um ?lill.
Yeaeay that SB*e gretaa of gold amalBnto a dollar,
ami Hi.ii ?t ami? is n ?a i,-mu inn.ii lejral '? " i'-r tor Bebta
ara OB. Tin Baareme ('.uiit of in.- Ualtod Siatoa h<?s
grtttrd thTt rrgil tmTrrr Tttt*-*-j aotn an a Conatttn
tioTuii li-e.ii leaOn for ib iii? oi et 90. Tbentore year a.-?
? rli(?!i ?? ( leiirly erroll--!?"..-.
atoraren, yea an ta erra ia aaytag thal 'J'*.? grains
St agtai ta -'Hilliard tim m-? Biake a dollar la con i tabey
nabaatay abre perta of a Belter, and the coin ?toiisr
being i?.?."il in th<? aau id'? com na- ree, n gold bo?ton B w11]
Dot In ?in; <t dilliir ; It ? ill lir.it.- at tn?l ?mly nilli ia ?itli?
iMirt of H ilo?.ir. Ho Hinch lor bullioh, ynur " woihl'a
cur? ney." The ?alloy halag ana lea Ih of the poid dol?
lar gata Ita nothing iii ? our bo i?t>'?l " world's < armit y."
Youoanrt that tea "gm abac la ?re pmadan to pay
gold ni ?(.me lapinaient ??hi. li tin? creditor may iona em
t? aii'i-pt." Again you are In error. Ora nbarks arc nul
hy tee toma ta aa j hw natal payable la min, at any
time ??r iii.ii c. We defy yeo te .aben .cay law wbtob enf
ht?si teeaa, that te Mai k .ead abita umtat them, at aay
tliue. pi'.? ?iiiii m " gniii OeOare." Hn weald it i?d.t ta tiu-.r
<rabM if Hu-.? weat so aaadc ga] ebie.
Thf I.\p.iii?ltiii!-t-ure in f.i? or of legal ti-TiiIrr iiiiuicy
Dot t<>< leei d ia volume oiii'H-ighlli of the ?alni? of it?
i?nai? ila proper!] ta tee eoaatiy- ?ml Ibenton ata
"lurta'cd ;" a eiiiii-ncy i.? .sii'l to he " i abated" win n its
viiumc rxecen Bl tonto. I an at a tore to aadentaad
?li ion sitoaahl tit it ,Illa ,? Hie Expansionists nf ln-ntg
"tagatloul le" whea wc are del nuim-d to aboliah baaka
of bane ot nu totaled enrrency. Lei the gueallou be
tolitt ?i.it?-,i. ?uni i-i te i ? ???pii- have i fair chance to
decide bii??t cn us. We ha??- M ?e;il>. ef te remit.
Vc are in tavoi of paying all bnii'l? nnnli? piyabl" :n
c?,lu, aeei'iillug to Hu lei m? el Ibe laiiiil. The ."> 'HI bond?
? (l??"!ii.i't'e. mid iml y?i ( li nia d to gold Is u I.?, wa mc
Bl torn of ?uti rug in for payment to tbe equivalent of
Coin, liHiini.?, u fini li gal ti nit i Tr? ;i?in> Bat?, We ?no in i
favor of going tot o Ibe market ando! buying np the roto
bon I? md .??i nal.un,ailie or p.i?.l?ale, ami tenanting
Bulliens ?if llaa.iess 111!? ? ?1, II II I nt pi.ti lil-' i-||,a|igll Ji.ll
n.oiii y In eiicnlatioii Io n \l?i' bnslncee and pi.ice It on a
?itali ita-:?, and tim? pr?vint coiiimcnjal eraslies uni
nancy petan, ranaed bj ia?- cn ?lit ayatein force,! on tee
??tainii?- n. theBrttiabsyateia a teni enrreney, limited
1?? aliinitVai coin baale. Bj anbstitaUnii the Traaaun
Tioie. made oguni to oin, fir Netloaal bank currency, ti
will gl?e n- a la'gc pt u tn'ii ot ihe lamda pa? able In coln.
N?i only la every Jefleran and Jackaoa I) moeral la
ti.? I.ii-i, Inn tiiri.iigl'.tiit the itiiiie coaiiliy, in I'.ivor ol
lidl hmal leader Trcanry aotam, and oapueed t^> tee
Ttrttlsit ?Valelll ?if balik eillii'llCV OBd ol ball ,s of 1??-Ut?, but
f oana i? anra ti.?'mund? of BegubUcaua boldntee
aim principie.? and wO! no1 aupporl aa/uaa for any
n |i- ??ei ii.i ii ??<? ?"flin- win. i? ni ?i? ia of tuni k enrreney.
ih? money pi i trni m ot lio- <)?i m Democracy mc tia oar
eldin- approbation. Ohio la Ibe hatile-ground bctw<een
thepeegdeead a "noneyed lynuuy." Youra ie?pe.-t
f?;ii?-, v v. Baum .i..
Wwmrg, I'rnn , July VA, 1675.
[Mr. ?iiiiilh-'s ?hiiiiiliiiii ?if a dollar, i?Iii?li 10
Ciii?- na illtiniiiialioti frian the ? ur.??:is ?jr. ifation
Bran l?mkiin. i? that the dollar la a chip, n hone
bIkm". a ?,i????' <?f p.ip t, ? bl! uf li ,-itlier, or Mytbtag
atea ivhieh Qovctnmenl chooan to callndollar and
lone ?m crediton m legal tender. Daoer the .anp"
laasi-d pressure of aWulute net ? ??iii, ??ur(!i?v? riiuu nt
?lurin? the reliellioli ?x.ici-d t'le '"war power" it
luitiuostton .iiii ha-, io violate tin- m nul law und
for? ild.i transit r otu 111:11.' property ta ai.ot?i r or to
it?elf without oompenaation. Hw Oovcrnment al?'?
Im? the phyaical pawer lo repudiate ita entire debt,
Linds, i;;, cobacha, gold ceri i6ca tee, and evcryth.lng
else, imi n cannot da? tate without >tnnaccnding the
.IrglBante powon given t?i it hy the CoaatitatioB.
liben powew it egaally traaacended wheo it issmai
the gnenbntha nndn the preeeareot n*ar? Ta eon?
tmiietlai ltgal atender lag-uvoney indefinitely,much
mon-, il.iii?. 1.iiely te depreciate it, aa Mr. Henry ('.
Cnny ami hie ?li?ci]i!i ? now propon, would
Ih? agaally nn outrage an the ConatituUon an?!
.anevcry eltiaien whoac income ia any way dependa
?m lhavalaeal tel dottar,Inclodiageverylal?orer,
every ^cpoaitor te a nvlnga hanh, evcrj holder of
an iiisnr.iiice j'iicy, and every owner of a m<nrtgnge
?u iiliei aBcarlty payable ia paper dollara, ?Nu Oov
?inul-ni which thoauaarped?Umpower of tnuiafer?
ring piivaie pia i,,rt> .teni creditor to debtor al ??n
aanhl aarvive toa yean entonga bot people. To
?teg nothing of the French involution, the English
]?'? ?oluiioli, which tn.'k oil the li?;'?l of thi' Iii st
(.'hail?.?, end the Revolution which coal England te
thirteen coloniea, Inul their origin io outragre npon
private property, which were trivial io eompariaon
with what Mr, Brindle and Ins aooottatta bow pro
l?is??. No one ha? more foUy admitted the public
and private rebbcty a hi'h got I ??arily ?ita ompanii s
the dt-piei laiiio'.i ?.I .legal tender paper mener than
tlr. Cany m lu? 1., mi .laya, :,- ngama Iron the fol?
lowing panagt bata in? priatapal puhUahed work?
^JH?akJllg of te ?"ia. tn ? "f the Ereaeh .anaiati te if
rtainping a half 01 tirei-i|ii::rtiis of i\n onnce id
Kohl or ?ilv.r as a full .onnce, and making it legal
lender. Mr. ( '.?1.? -ays:
Non In te has the ir.-iiu! in vol ved in th? CahdflcaHon
of the 1 oin ol' t!?e 1? dm [the exact cooivaleatof ?ti
a ieiif.il il' lln- tp..Hill! ? of a Ol'pi 1 ?ali ti |i.i|ki IUOOi ..
? Id.} I een inure s? ?leai.it ieaiv ni lu le 1 mliirniL-l .
{?raetn eil?in?- te -t appearance ??! Mich nroeocdiuit's
Ming found in the reign ?it la.in? ,\ 1 I. Nun-. I,,
hoi?ever, had i* ?ll?:ippe.in 1' i am the pin eeilt-o
of the uiiuf initil trc ???'<! ?ci.'/i H ii? ii '?? h rfonn. Iii I
of tin aaateaB. or papn mo ot lie Itevolatiou,
?1 ftefy isaiiftl that IbeVagradoallj ?I?. ' ned Ini
?? until the sum of (?HO nan? -, ox lln uinival
n.oli- tii.Hi "Ti'"'. ?>? ?;l pa- poiliil
?.f butter. 01 all ' ? ? ....
?.?eil by tin 1 ? -' lion .i the 1 urn
Ibe lies' s ?iriii'i ? 1 1 1 - ? i' the nio ? pi? ? 1.:? -
live m times n! ne I, Iht ?,.??( dctno,aHring
ir Mt oi'ion. ?M> um *?".'! 1 I -'i' s 1 . 11 1 a.1.
By im au? ot continent: I money, ?it ? t?t Lasited in
Mil al I ?|iiaiiiitii a ?nail,, 1 ?, but ??i'?!?';': i so mach
tereaecdiaojonntitythal ?i dredsof doUaiawore
required te purehaac a ?tngl.. I irrclof dour, it was
1 ii tb?ttaUrij t'on-i. ? 1 ? ??m. 1 na!,!'il to iiiipn?!-au
amouiii ni te 1 al ton grnatl] .exceediiig that uliii-?
could in BUT otbeT manner have been accomplished.
Rv lucan? of anainnat? it waa that the early revolu?
tionary (.??v eminent of France waa cnnbled to col?
lect the tax?'- by help of which ita ?mine? repelled
Ihe n IVUOtoU of 171 _. By ?similar ineana it ha.? lui n
that the ?iuntllm (???ventiiicnt lins ml?!???! hundred?
of millions to it.s revenue during the present cen?
tury?railing in (hp'cciHtod pa]xr uiomy mui ro
p!a< iii?, it with Ihut Milich wua promised to lie ?mui,
and ?'??-n rciK-alingtlii op? ration ho many lim?"? tha'
the m ?.un ii holihr of dolliii i tin,/' hull, little more than
pence.? ?I'ihki,?lc?? of Social ?Siience, Vol. 11., pagc
410.
The ( \tiact from Franklin merely allowa (hat <ho
philosopher ?lill not uiuletst,mil Hie diatiuciinn l?e
tween a comptiisaiv legal tender, such .if? ihe payer
mou? y of llic colonie? ?nul our own gltlfU?B?fi?fe. mid
a 1 link nota cuiuiicy vv hich cirt-uhit? s on tht? credit
of the Iraner. Thia, indeed, ??s not eaipriatag. ata?t
l!u- si i.iue of tunnel' a:nl (le lit has he 11 almost
vvholl.v ilfvclojicil iu the pi. ?cut century. To hot row
the lang?age af Barke? l'raiiklin forgot that in En?
gland, ut the tiara hewm spt I't'ii/, " m,; oil- ?hil
liag of paper mem*/ of mt] <i mriptim v?,i.s reeeiTed
hil! of ? hoice ; thal IllO Whole hail tit orii-'iu ill cash
actually depoatted, and thai it was tmnTortible at
p'u Bean, in an instant, anil without ihe ?.nulli ?t loss,
iato eaoh again. Thal it waa powerful eat 'Change,
hemme in Weetudmter Hall it tera impotent. In
?mynara? of a debt of twrntj ahillingn a creditor
might lilli.*??' .ill tin paper of the Bank of Bugbtud."
We ara earp far indeed frora auorendering thia
spa??? lot the sole cnlii'hiclilmnt <?f Mr. lh?inllc. We
mighl m well addreoa oureelvee io ()??? broase ht a lue
of Franklin in front of omettra fora? that wa could
?ki ?iiiijilish in that ilircction. Hut there BTC others
to whora the darkneea oi Ignorance mar opt be so
magenta! as it ?a io Mr. Brindle?, whom we ?hall d?a*
mira in three aeateneee. (1.) His oboervatinm on
the alloy in I'.ihl ?nins in?? aboolate nouoenw. (3.)
To enp nothing of the moral (?I ii i ira'ion lentiu8 on
nil honest nu n ii'nl Qoti nniu Li-? to pap their debta
(???pt chilly friendly loans v. iiliou? interest or written
nekilowledgaaenl on which puymeu! < an toenfoi?rd
hy law), ihe United .states mc bnond hy etatute lau
topa] the ?m ni??? k? ?n ataadard k ?l?l ? ?in from
anil after Jan. 1, 1st.?. (3.1 The idea of loaning
eea?jNM? to the valu?? ni .-?? ;.<ii>(>,niti?,<?(>o, which i.?
aboui ?m eighth put ot the jil i tint golil raino of the
propertj oftbecoantip, ia open lo this ??1>j?t'ii.?ii :
in foi e theeaaajnaie eouM be Inoughl Into eirnulation
Ihe pi ijnity in tin? ?'iiiiitrv would hivu nominally
nenin valii" iroin >"_",.(?.>! 1,1 ?lil 1,1 ><?'> to |1UO,000,'
000,000, und we ahouM still be a? far off a?? ever
from What be mila inflation.
Tbe latter part of Mr. Brindle' Icttei la highly ?n
lorciitiug, neabowing whal the :?.*?."? at-beme ..? an*
dei i '??u to 'h' hy o:i" vi tie.' 1 <!?i iamm ii ita a ip
paiiici-a.?E?.\ _
T-*, IT AN ACrf-OMATf
Tin: comTimm li iiosi? mu \ Ml ??I'lti: ot- i\
II.AIli?'..
Ta the hil i lor of Ihe ?i iIhihl
Silt: Your ai lides m well m those of your
orar? ?pandante, npen the i'tmvcrtlblr bond, tenpt dm
lulu tbe tUaeueatoUa Bn foi flora itoalitog to iiif.it? tbe
currency, I woultl c??!ittact ????be " li.inl pun" ui ?jwcic,
v. na h _i the uniy mfr anbetonee foreurrauo). heneara n
(Iocs nut <]?|ieu?l ll|io!i the JudgUMUl, v. linn?, or IntonOtt
uf ..UV? man M badji ??I nun uml emma, tapi ni ircd nr
al? ? tra/ed inj-iiii.v euongh to 'l'- u i ange bnatoeae caleula?
ItoU? Too mui li i until, y hu? m ul itn-r? liaiiilise nf nur
Mini' hihi Ruitl, will?ti i? bought like wheat,eora,a
ciiitun. to act tie fnrci.'ii talouraa the aebtoi bujrlng
ubbboim will aervo ins purpose beag. Tin ra i? bul ena
any ont of tiii??(oiitrtutinn. it i? n hard rand and
?lunik| th? iu.il?ii il value of pr ?i?"i1>- n-?*?! to pty dahra,
lui? ret, ?uni t tv??-, ?mi nilli? that ?liiiiiit??.'?? to the raine
nitiic mon? y-ii'tniers' him?i. no1 na. a art Inltaiial Mr. Boot
weilla policy waa to wutonel gradnnllp, by hoeptag Ihe
eumur, a! aBzedvotaneuntll Mm Inerenra ni bnalneea
?tlui lM'puiatinii. un l tin' tom from ii? deotrnotton ?vu.ki ?I
? cure. Tula waa a eton procera oth??i? pin,????! to
n lue?- ii bp i .rrbaagfl t"r rame mrm ui totei -t-'n ?; tug
j Beta.
I Theraon graaplngadtrnrutrani the toltol patter a-ntcd
grei iii'iu ks ?\i ?banged toe a tiv i per cent peta toter?t
lamil, \vhi? ii would vvurk v.ith gran! rii.'iililv in abrtakiag
v ?tine?, mui anrieh leaden aa rapidly na it bnp-vt i lahed
borrowen. Otben would um ne lelma! lirai lag mde to
axehnnge for the legal lauder, wtooh n aiMI gin bully be
ehanging from n ? mulntiagmrta latoantatoraet-bi uta|
nut?iineiii; wliiie??liier??Uli wo.ih! bavonlowrata ><t
tototeatbend,eonverllbleand reoouvertlbtoa it i? ?ii a
hat poli i y which tia? adv?cate.? of the oth i acbemee
oppraeraerab) ridtonle anddenunetolton Vi?au bj argu?
ment, lint wbli ii s? ems to huv e lucie merl! then proepeti
of Bueeeaa. BJhj .
Ynst: Beaunaa it mudd dlndnlah di p???it-s now si nt to
the iniilit.t MUten ml loam ii o.i ?ill iv, hi.th M the liane
of honrat tomtom |,nnd when wanted again la the r?,un?
lit ?nalilit the lunn .vi? nier? to (-'e' I?tOTtl li iL lit ?
t,f lut? ii st iietvvci'li Hin wants of h<u>< ?t linaine,- uni tn
n?, .-?iti.v <?f borrewera mi cull.
garomdlm : iiwniii ?Undula- I ntl ?ted loana u?m?ii <!<*
iiiisit ii.-iits. wiih the lal dividen I- reeel? ed frora ihera by
henken uboanapend |iajrmen! a bea Ita? ir Inflatlttu wn ka
ini-i hilf h:h1 I? 1 tin-< ttU'iiiiinit v snlfti Iiie ln-?e? uf t:.i:r
rcckie?. li ndlng upon tbeir deb ?.
, hird!ii : Ii would ? nal'le Hie Oovcni-M?t 'n get a
?lu ip lt'.iii fi.iin the |K".?ph?, and pap og ?? high loan willi
Ita surplus coin, toltolm1 nt Belling It,na now,M getenr
reno) t?u Itornuntog enpeueee.
Her? ?ire l'ciiS'Ui? enougb vv by BUI li a measure line? n?t
l'l'iuii! ?i to in- ne. ?-??tu! agalnal bank ow nan and m< nej
tendera, nnd thoa? within tin ii contri?). Toen ?ire prob
.ttiit one huill?n ?I and tifty million? id ournney. .iii
Idle, wlii, h liii.ht iiitvv lie li tiltil b|" the atti ol a it .ti.? ? ? -
viitihi' bond, without I ?.inri to bualneaa, and wbi btbe
temptation ol Inb rrai would nraveul il n r. tu; Din. im??
u?e. li will take th," r? tiifiiiiiit oftwlee ?hat amount lo
reaehap?ele p.?yin. ni?, inn bert?oouita lu Ibe -i <i?.-'
lut lum? r argument uby abaultl Hi Qoveintneai pal
Ititeraat for lui" money l TM te l? gran! ton in
the ?iiie.atiun lrnui a bato rer iu nnltadted
greeubaeka In pmee of i>. nu?. 1? it not
fruin thi'.??? WboWOUM iniiviit cn ?til? ???':?, wuliniit ln
t-T' ?t. in*?? Intent! bearing aecui ill ??. Prom ray point <?r
v n "v ih ? mi'. 11 nilli Loini is un un i-urc of Inflation, but
at ? ' nt; ?I'tittu. whl h ml gb! iff ?rd s.>m ? relie] v< ii n cou
ti iclion bt'cametoo severe. Poaelbly i? mtgbl lie u??si
in i ?ni.?in'.iiii, prop? riy, a? all Oovemiuent iwnda a >v
?oc. Lui not fur tue ruramon Mea of curreucy lu i?;.iii
ti ,i - n lions, aud ordinary payment a, and the moving tal
iiieii'li.iiuli?'. It Would give I! xiitililv lotto ?i?r.??t>
while reaching ap?ele, and afford relief lu I linee of
great emergency, Uke that when the naen wbo nowrbH
?ii, tucka m ,1-iiie.begged ?i .nt apd Btobnrdaoa to
pat nut li tbe gnenuacka in thi Tn a-uvy for their aal
ration, wltliout law. and wnen all tbe banka anapentted
p.iv neills to then ii'-i?,?-ii r-. (Wbat would "Ley I..ive
i, n,- t ni? blll-hoMer? aakiug n*di*_ptli?_ al the rame
in.n ti li W'tiihl give the ( .nv e. Hineilt it larg? loan
io a lew roto ?u luton al (wtaieb would t?* ugjut
?mi keep ut iiiinc iii-?.ul of going Blwoadl from
L line?- I rp! bj Bdmlntt1r.it ora and r_??enton ol m
latea, Inanranre eompaidea, and nenoua and ramp ml? -
ha? mu ? ml? av. iiiiii. ili?i. ibiiUuu.
N w if ,? 3.65 ? nvertible bond will give the Govern.
ii.eut ?i lurifi- binn ni a lovv i ii? . a ??orli s,?i|'!iis ? iiii? ,i. v,
al i .-;. lilli.?. iiui pi went ti eatorUout arutob tollo?
, .i.l lo ni ?p < ma i,'iis, mui . , tillite, - i? e ?mue nul In .?i ? of'
Lim ? li ivv I;???] !,. par liU-'li l'ai?'? ?>f ll.l?rest. II i? a-Illitlcil
lo fair treatment, aun co are lue ni b nrbu advocate it.
uotv ; n-Lii' I . ?' ,i. it i' ?In- ii., .non ydcUdera' pi t.t?
! alni t.u -to? k j? le i ?faint li - .? lui ii-.li'i vi Bil Ii ?.ai?
lie - mu <?!.. v I., ? .,, ?i i. > ci.CUlattoU, hut I lie f i .i ?
ami U ? i-ite ol m1' real. Ex.
Wtahtapimn, i>. <.. Juiv .io i?: ?.
[llieii" appeara lo be no manner nf agreemeni be?
tween the rarioua rapporten of th? 8.(13 arheme.
Nevell I n 1? ss tia- pill ??o-?' o'. 1 111? -I? Lill? ot Iii in ? t i
dentlp is t?? (?I..I1'.'? th? iiiiuliil ?h ni ?.ft.11 I'iu. ?!
Mates into paper money. We rall tbepropoe 'I
boudattoimttti, !?? m ?? ?i ieafaci Ibu! theaviifnatt
themaelvea wen? call?-?! bouda, were made legal ton
(I r, were rectived f?a luxe?, burt Intereol al the
rate of 3 per cent, wen depreciated from theatart,
andbeeanmworthlraa in the end. If that i? no1
v lilt Mi. William l?riu.ile u.lv oe it. s in the letter
printed above, then the Kagliah langnage, like
? th?" I? gal tcin'er ?Villar, hm Bndepgeuo n
I ?i? ?'ie? iathin. Mi. Cn? v and .'ill hi? hi hool
I agi*? m cullin', th" one, two a i three-peei five pet
I eentTreanur?/ bouda ind the 7,:iua mooep, thoiiL'h
j they vter? mit convertible into |:i. i ultu ks on ile
m nul. i hi annie, tuen, they ranne! refnaa to theil
a ii ?, w nu b are In kx ecmvertilde at the wfll of tho
hold? i into legal I? ?ihr. i li? i piupom. nnd our cor
? rwpondeiit Bt-pooea, ih.it iiist??ul of beeping the
1 pr. i nbaeka I ? pup bach t?? the hoidera of 8.00o, the
(..?v i ni al ahi i.l i p.iv tin m out again, whetbi - for
' ".T? nt tv;? n?. mu :t ali :? ??*: .ii of t ? . tir,i|"l ?1 lit
no diffciti ti L-aiil? Ihe qm ?ti in of
: ititi iii? i? li ???? a man, a? a um i one.
? .n iiiowa bituaelf In Ihe An! h i f ni '?is lett? r,
di ta era the! thia i? Inflatioa la linly ?i?tuu
iabing.
,; aine of our ?au i- n eh ni i apt t beta .i?, it aeema
tn us. a lillie out ol i.tsle. .No advocate of the cou?
ll li ill tonal ? mien? >, luiwi vii Mgra-pLug,*dmaanda
ant thing more than that the flovmiimout B-BuM
j lump ita proa_ea. w? do net holiBTe?and h_-?t??ry
dues not show, that thi withdrawal of paper money
which is not needed and ia not used, aa for the time
being ia tho civ-o a itli j orhaps $.>0,000,000 of our
currency, wonM aff<?ct ? rice?. We believe that with
$50,00U,000 withdrawn ?luring the next twelv.?
niontba, the revival of our rnilit ghiaad and the
??!ir?uirageniont which the mere al?senco of specula?
tion would rive to our export? would cause tliedis
nppcaranec of the poid premium within three yean
without depressing price* a particle, anil our opinion
Ig just na .gaga us ?iir correspondent's, thuiiKh we
may not ?iprossiuirmlves soem.i'.deiitly.
If our ?urnsimm! -nt, in consultation with Mr.
Carey, Air. Brimll?, Jinlge Kelley, ami Gea. Sain.
Cary, of (?li??, ?lill arree apoa Bom?? authoritative
tetcinenl of ?ihn ihoSASO aehcan .really le,Tbb
TBibvbi will iiillinply print it, .provided it den aot
cm a t ti In length a ?lay's proeccdinga of the lleochct
trial. In the ahaenee of any such statement, we
iiulsI iiinliTstauil the 9.03 pmiei't n? most of its ad- |
rocatn .appear ft? nuderatend it, vi/.: a? the old
Klein h reii lutionarv gtatguai in a ii'-iv dma.?Ila.]
?m
ANOTHER ViK.w OF THE PC'HEMB.
i'i m i is oi Tin: BATIOBAI B .ih?.
To Ihe. Kit i I or of The Tribune.
Sibi In remttneutiiig wa "IV Ifter of Mini
we k ??ni ??k .m wbal granada ?loe? " I'm Bone PabUeo"
lissiiine tbul a :t.ti."> !>? r ceil! bold vonld be worth par In
j coin or .unthill-,' like it. and goon to atole thal It is nilli
til" glenie?! ilil'iii iii) til' (.iivellililcnl a.il? ils Ti |M'| cent
I ht? ni. at par, mid aekwhai pieapetl Iben Bel getting
pal ter lwnda brariog 8.03 per ?real latcreat, auppoaiag
? no time were fixed for te repayamut el Iba prtaclpall
It luta never bren propond Hi.it I amawareof that tee
Govi rameal should leane any booda a u bout a t?\( d ilma
, f.ir tlnir pu.?men!, both principal ead totereat. Lad
I aacbbclngtbe.au t.be rurrencj iacoed that would be
t r.-iii e-.ii.flii- in iii. in ??Ulli bear au mt ead while itiir
ratottoa and wonM re ante m elreatettoan l?og m the
; holden could make ,.,s mt;.ii m tto totoreaton Ihebonda
l (or more) out ot it. COnaeqaratly tey wnaM nat be to
, tee lii.uki ! illili?- Hiere ??neild te ?t pli tli'U.i "I i urn m v.
A.-, to any dlfitoaltj ?u ?? Ulna a "? per ? i al bund ..i w,
I VtOll.tt ti ipi : lill! y lill ?olli ?.I ; lilli ii I .i .ill I ulla ?i -
III ,|! ? I lt-|M,i! . ,,f lo .1 i> , in nilli h .. j i r ?cut I n I? d j
.' t bondi iii ?;.!??' ?! ::! ! i >. i ?:""' tn .? . .iii :'?'!! ??
quoted in li.!. I api?ean I bal .?anne who di.I fiillj
iiinli retond Hie ?dan of tbepr?>i??iai??I financial i? '??? m aie
nilli i nil li 'tn ?alt n I i i H i- 1 ?' u l ii io m ii ? I hil
i i -in in ?m.m in iii- pn-i .u lu. i ni....t.- ol ra?
mon ?. vi/., ki ? lit eli? s ti ? -. I b.ii - ? ?? Stn
mi : tin plan Is la BUlwlllnle im- m '? An? I ? ?? n i-d?-i-iu- (
lilla tan ,i-> toi Ila lu.
Y-.ll ? ? Hil I atll! letat-i-Mt p ii |n Hi. \'"".l ?. i I- |||' (11
?H.iii!? n i ? mu,..!.ton ? # I ?-.( n ita.no??. H, n,el i?f report
Ih ,? ,",..- n-i..i, i -:..?-,'iii in i- ? ?.- ? i? -i i .i. v lieb '
1.11, ) --t ,. - '. t tin i < ?. m i"v. .??-? i :. . i- ? ' prei ? ,
, I ,.|| ,. I, ", ?-,,, Ititi.-, .all-l lllf-al la. .11 ,111. all" ? . Ill a . ? .. BIT
' ?I .,,',,,' I. 'I .1 . . ? I I' .'-J iii a.Hial. . li li '?
? im! far fu in tt.e a nu ni a? i staled : but eren Blton Ina '
: ?iv liuonul a- mi-.? g1 ?. u' ..if Mila Ilia! I .in b www
: : .m ii .- t: I In . .,, ! ita.,.- I hi a I ? Am .; : ; ??";? ti
i ??iii t| iiiii? .s'lii.iiil tn I.ne ?.iiiii. fro i lliein n. a i
ion e . Putt l ??' n !'i Ni i ?.
Philadelphia, Jaly Pi, is?."..
| lln? liinespo'iil. ii ia ?ii vi iv ?hui -!;;! in ex
I plaining tbe my aterir? o! 'A mt,, lie doe? no4 toll
I when, ivliiie, ami in ??hat st? ?it mum-., in? ?..ii.".?
?He to la.- paiil. iii- aiioiild I? it in Itiii.., I ii.ii Io ..ti -
Mil'llt one sa I ni u ii. o! foi ?.indi. : ii i.ot to p .? u
?Iel.I. Ile ?lo? s uo? .give th" ahadon of areuwm for
his aaaamptioa that a ?.05 bond will be worth pur io |
Klin, lina'!.., lu ?ii? ? not n II us ??lnih? r tin ii.ii.i
bouda aw .regarded hy linn aa cut ruc j ti te ?m
rency.
The Ero per cent banda which are not t\twl ilnl
115in currency would be aohl al par it thej . .
i hanged for ?I'M In grt rabea ka, $100 in ?^.. i ? I la lug
the equivalent of Bl 13 in gre? nbarka, and the bomla
iiuiv earryiag ueorlj thrn aamtha cota ?ntereat,
u liii-ii is i i|ttiv aient to ?*! l'i more. The boona .are
I selling, th. n fore, ni lan than H ol une percent
above par.
liten a letter recently reccliacd .bon Ihe Cob
trollerof the Cnrroncj ii app-an thal the total
niii.iiiiil of hoiii? lu li! h? the iii..is"ite. on .Inn?? ;?i).
187ft, u ' iiriii for the rirrahtting imtto ni
th- Niiiioual bootu w^s ?170,31 '.-".?>??. of
which *_':i'.r:;..'?, 100 heir Intenta al the rate
! of live pn ??"t ill ? ?ai II. -??1..'.!.?!?_'. ?Ill)
! ?it ?i" per t-eiil in coin endgl.1,153,000 atais per cent
i in ?iir.vui y. The total iataml paid i? -_i>. lBft,?f7(l.
Of then booda too per cent are te repreeautarj i.?
? li.iitk noli -, and on ilial part of their drpoeil (lie
|i;nik? eun m? more gi t double loten ?I than can ?mr
? n re ?pondi ni i-n hi? own un- ? .??in. le*. lb-duct.
inir thcrefon tea per cent friuu tin- interee! a?
?'hove ?fated we bare left $1*?.inn.7Is m the
inter?-.?! paid on that port of the bouda which the
lai? permita te tit repreeented by Lank notre, of
then ii.ink tiiti ?. however, Ibe law reqnirre ii-1
per ?int te h" li fi ?iiiii the Treaaorj aaa Bed mp
lion lini'l, or fire per cant in gii'iiiliiu-ks, v. hich
i? ih?- Miine Ihiag so tar as tli?? profita ol the banka
are concerned. On thia pari of their circulation the
hank? ?lo .Bot? therefore, gc! doable intereat? De
tluctiiiL' ii?c pt i i? ut from |il8t100,7t8, \?c have
left .917,258,411., being tbeinterrnt .paid oa that
part of the lam 1? belonging (ollie hunk? which is
n p,, nob 'I bj nota ? whit 'i lln- Wauk? .arcat lihcrtj
to li ml. Finally, the .banka paya tai of one pet
cent per ?munn: on thcauiooBl of their circula ion,
??lu h f.i? the u? .ii year tata radi Iwillantounl t??
lihou! !f';l.:5!M>,000, which .being d?docted fr.mi
? -Tia,'-' i\ 111 leave? 913,008,411, ill H'lUiil
numbera ?iy 914,000,000, which include* every
dollar which the Uovernnieul eaahonoallj in ?aid
, to employ in lubaidizing the National hank?. Our
! calculation ia a very partial one to te riowaoftbe
? luiiiifs ol' ide li.iiiks. We Itere .taken no account
??f the taxn on capita! aad depudta, I? inala ? j tar
im 1?ss ?linn 9400,048 ra te Itena and ~:i:itt\>.-H.
oii tim la Hi. I'mie i- abo a atanp tai ra bauk
cheche, and in addition te ?ill then Impo Itiona te
banka are heavily hurd bj the Stat? and lonal aa
thoritiea, paying 11?- reto limn .? 7. i00,000 ?.. .??'iii..
1 000,000 g year.
'l'o put thia matter in amdber light,tail! more
I favorable te the b ml ?. let tu Mppore te Gorern*
teent to leane $i 10,0(10,000 In grecnliaefca uni to
1 compel tin? hanks to \\itInlra\? their hi?.?I? und
retin tlnir cirealation. The 9?*3O,00o,00O, at
I'la.-aiat .orieco, would hay 9200,000,000 of gre i?-r
i 'lit lioll.ls, ??Ililli l?i?ll!?l .vile the (?<iVei|,la? lit
; I '.'?00,000in ir??hi inlar.--i.il?? .*:;,: I30,000 .BOW
i i?;ii'l by the haaha u tax ?.n circulation, teringa
nvingofonlj .M 1,1 ".O.OOH. This tim (?oieitniiint
might in ?.re? io ?a .e, while giviag the country a
, enrreney of pun paper mon ,. ?li?tiiii?i? nf anj
connection whatever with th? "wanta of trade,"
; the change producing, in .(| probab ti?, financial
I convulaiona which would c4m1 the |uoplc baud.mla
Of llirlinll?, lie-ih-? pbyaicul His'i. . l licit ? . i ?:
In ?-;i'iiat-d in iiiniif ?. Weahuuldg I ateo aman
, of paper money which to .? imi-ii i i aintj octet
?? linn be pani ta anything Uki ita iace ? due.??d.]
ri'XK' FAITH oF IHK PKIT1 UBI 11 i. .
7 a Ihr P. 'I i I or of ?he I r f b ii a e.
mi : i lu lir?t instiiK?' of u h lm'.-? inliri'ir
rencythal t Dod to Idata ?va? j,??ki yean a.-n. lu
Carthage. Tlio Cartluigeaiana ned ptccn of bather
srimp? d with 11 itiiii.?! m ?t ' which te Iowa -f tee
t :.? n.u-p a d lb? le l?lliil u.l ? 1. I 'ti e. ga ii n r
? nation wi til lea'., , ? ti,, atth aucb fn
! tiiniiey. Tbecbarartei .'l?n iwoptothal invented ?iu!i
atriekwaa re bad ! d l Bad the wurdi Puntea ful ?,
Pude ilanj Itali] nulv? raallj u id I .- am i tal
winn - tia ? L The 11.u nf iola
nation ?. - ??? iractbin. Dome i in ti Ibe tend
on VtliK h Carl!..! -?? ?'??.ti It 'n- i , . ,| i j.,
i in n .??. mora i> i <)-' if-) n. -i im
Aniiiieait-1 id tbe CarthaageBlau Iban are pteaeaitt to
e. ill i?t!i were inn lin-' coi. mimili; , and both acre
n.ide ap by < m!..'-,'? a from tabn nattona. ' ,'i
p.-in; lln I. tin li i,i|> ,.,.-, i , ? a , Am, i. .n,,, , .,.'.,_!
In i a. !.,- ''. Ml m ?i .. ' . ? ..
Carl i ..ii .i? Intlu r money, i rema a? ..' mum
-nu '?i ii I a ?I BOM ..?"?.i? ? battu "
Auk r u eopli. Befar? Hw wai we bom !??! t
li > I ? ? ry. Thal ?--.i? a fraud, and b? ivily
'?.?, . ?: i n .i Nu i Ami lea bn.,1 tiwi ?he I?
horn it.an?! rlnb ibitanta to I frand i , !i. iii r
bv lu 11 ? i .i ? nt troiiiili- i? Hu ti,i. i ,. mu , ? toe
u-;..??????! ? ' i ?? ni Coagren la mwalag the I ?.??? .tin
.' I- Jin . e Will lM le i |a .na lind le, -.if. !? Uil?l 1 i- ,.
p ti. ? Ail -in i trien M 3.45 liiliiil-, Aa-.. ?m, ii li ig
?nil lluka. Ila.a iii. tile linne but Hie atnj,:,.. Bow,
i.:.,,i atone aayeMtbewnh aad tee aiaiplt form the
j-? i- i.i> ol i.i,ukin I." Lal n ii,t be said thal tea
liiaj 'ilt> ,,1 Ann ih aiin arc liliavc? legally.
lu LI). V? .til V'.M.L?.
Iitiltonort, July li, 1175.
SUBSTITUTES FOR GOLD.
THE BRINDLE DOLLAR.
wtriurncB not a omtuMOktM man.
To tht Editor of th? Tribnne.
8m : PreMuming upon TnB Tririje's well
known predilection tor tbe fum?n* int'-net, I airain
?t i.tiiii? to tn spasa on ita spa? e, and tim desire to havo
what I understand to lie a dollar worth what its face
calls for In circulation aa a medium ?if payment in dis
pagtag of our produce must b?- the npoloxy for .?/nui
tnabttagyaBa
Now I muh n-t uni a dollar to he snme material, wli?-tlier
of copper, ni" kel, ?ll??r. platlniiin. geld, or. lu ?t of nil,
paper, benanga ?-f it? i aaveatoan in haadllag ami naat
iiiL- aterge ?uni-?, ?m whic'i tim Onvacnmeathnpatlto
die. or ?t.imp, taBtaBg it? value a? a medium ta pagan nt
far pn?|s-i1y of niiy kind. I know the ??ilvi r ?toilur
Banda andre laebaea had a dita rial Talnr fren what It
now hua iindnc (Haut, but the former was made ter
Ana cb .m use. the preta nt fur elm? and HM Beat. I ate
?vi li kniiT that the v.iluo thu Um ernannt util ves will
not huid peed everywhere, bat thal m Mattoe what
annatal ih.s dla or ntomp is put on. it aHI ..newer, under
a prep? Irani lal aaaaageaaeat rd .tea Oeveranwat, tot
tee m: iituiai i?hieh Webatord mined when te tadi.
Aawag tbe abjecte eaagM to is- -."ural by ihoConati
tiii'ii'??le coiiiiik ?fill credit alii tii.it no I nuill'lin e ti
mattera of property! and tin?, i ? -, it? .-?i. arnon", other
lluaai.'?. a uiiilolin atiin! .rd ol v.lu. .?. oi me.lunn of pa.?
i i-ni Olia ti Ih. Hi-: pi.'icr? ?iv ti |.i?.ii-i. I. ti" ri
foir. I? iii.t of raining amanee and iivim.? the rain of
foreign? ait n?: .n.I one of te Br?i n -ian ? Imp ?? i un
tin m.ii.-- i? the total prohibition locolu inont-j orteeuc
billa of credB.
Now. admll i m- ni?'view of Wili-iti's ii?? .inim.' to te
tee true oar, te Qn .Baa .u!.-''-?. li ?a ina tetomedbua
be kept ?>f anifnm velan, nto aadatebh n the metala
tbemi -lie? ? Then eaa ha aa doab!, if te am ami wen
eoiiiinid to ibe regaten nia al the ??o < tw
i,iant's o??n gaaactol open tiene, thal ?t ??mihi
?l! ?ill III .c? .?ltd III!i'i ?ill, i iii intu?ale'.? lu
k. i?t .it ant gnhl ti dml. i?iu if ?i? fan only
iradi " re.-a? une fm pallin- dm .--. ' Bul If il u .im?
dm ,i .u ?o ii.i.t. i. the bunira of tam.d Infti ?
le V life into Hie Illili-Hit ? nf tin c.nulli l>\ ?lenll'll
,,i . t ?i e .i,mi amount of tbe tarife ia, ?-, .. kail ug
i il? m n n .-?? al ! til mied um. ii ????. dil Im m . - arj
lu lot p ?In ?"? al a ?pi'-n? ?tan lalil, to mail.- tlieiil I?- lia-' i
., i, le lu fin..11 bomb bearing a law rete id lutcreal ?ii
'..i, ,.'_? a hu.: Pul. lo run, ?it Hi" ? .'ia tillie ?tint _?
Baan 'in- i nouab t ia to Baale) lu niuintalninx thal
.?i.iiiii..ni ; ??'ni why ?iioiilil not th! f?oi rnmenl he ah'??
i ,.i , m?. . ,t u o- Innnenee mi. -. aa ?.??? Il m ii.uu e
ililli P iM.i?.l Uni'..-h ?hen billi!.- I
Bow.t ?Hi ai" i'-'lian. ? io Ha .opinion of (boee Inter
a-? . -i m ti'. | ii ?i nt banking ayatein, 1, aller the cip??
?i ?i.- of n . ,i? iii i. - ure . n ? i i .- ? u ?' * al ':!' a '?
till* a> tem In; m "? ii. in oini 'iii nu -:i!\-ital Hi ;
u ,i.t Ibl m. not l ?i n i mu ii . ?i. Ula i - ?if ill i'a new
,,; i, m ,| am, I lit Hi it Hie oin '!? ? 'i ? ? ''" ? ?i"1 Would
lolly und ail r.-tj Intel lite nanto o." Hie count rj in even
i mi i_i ney, even in wal int.il; bul lu pul U.I? la-j-oad
,i ?il n li ?' n. i.t n a ir lo pi i ' ??!
in- ,,| Hie ?ante footing nt'i? ?ii nitor rommereial
put ?nil ?. .-? i?, i. ? a 1 on ile?? willi ;'.? (.m : m n .i u,. -
, ? ivlu u . ? ompel Ii? ? rcul I on i ?rill i.l
t , , n:,-. i, .'.f. I-of lia.le. Tin a nu .nilli m li-;?-;
,i ,,!,..-, urti ? -holde?a n -ii lie di ?lu? t?i< ii. nu t H r
nu.-i- .i\ noa k-viod for their uipp-orl ililli taken
li iii lln ?liuiu I- I - ol l!i( pin -i lug i a--' -? I their
??i ??albert !?J Incn i i. l'?t ii.ti.
itii-iiiisn County, \ ?'., Juli f?. i ?Ti.
I [Thia s I l-i- -. ?iiinl tim.- Inai ?n t Inter li.-ia ?mil
ii ii i: iii cmiiiii'.it.ie.?lions In i in I , I ?i ? i i-. ?u fa?
it.i ol mi.i.u ayatom ?>f uttigual* m ('???itiucutul
i, li mahl u? In aa well len cn to American
cilia u- thal Wt IwtM ia ?i Imrd-tiMmej a an n tbnl
he ?TUB ?i-li;ilol from V. is-.n ! al. Among lia
-pica'.i ? m? ?i.tlul m1 inliy Mr.! al.muli waaom ni
a Oovrrnmi itpapci cunaa . no1 'I ?;?! louder,
] except lo Ila i? iniiiini-nt, hut ut m h Haite volume.
lh;. airt ni paper, Mr.Calhnau maintain?*?!, cmld
i not pen.i:iii!'|ii!, depreciate lu I i,? p.n i tea, I poa
i iii? prniei t. of i 'alhonn'a Wehatcr ? oinmeiite?! h? foi
. hills in In- ?'n" Il ?.'i lin-? ill r.-ut ?. iiiii? t ntl in the
I .??. nair O I. ?I, 11-17:
I lieteaad wilh greta .reap c1 to te upiiiioue of the
1 n ???'?. ?, a- it lauij i on ?ta ,i pr.i? c< In do, and I
? mean) torapren mj ntouMimrtil it thia period of
i bia public lite, talking back t-i bb formercoum ia
, ral .'? t ? Ce i llili-iny of ll.l ? i n:i:it?y f"T tin ?, a. ..
1 of ni n!i i>? i ,-. :ir? I -. , i i ina! give utterance
: tn "n? aateni h lient at Unding li im ?? here he now t?.
j namely, a? ?? ling te hi? own avonal. badi
: ?ii.iiiii.it1'- "lil Continent..1 mont?v! Ii titi? Guv
I la .illa, ? I | Mp. I I I I Iel li')', 111 HT Iii? li til? l.i 11 i I > |l 1. . I I.?
m?? I i..?n i he ?uddcn and ?i-a! m? ndvocnte, ia not
??im? I | i-a.iii.:in--a-il it to lu-. Coininetital money,
??hi! is ii .' Ir is not aepocieaof cm In-iiuer uni?-.-.:
it ia a mer Ouvi-ruuienl paper, cir ??'.ii-..' without
Intel it, receivable f? r the dnc oi Hot mutent, on?!
,- n : no t. i. -'i pun i-.iona f?n I ? i t le in pt ion ? and
liiai la what ih? 1,1.1 Coil..nu.;. I mom?) waa,
v., k-, i ... I\., p.BOO.
lu anotbei ap.-nli. on Mm h 22, 183*), Wefiatei
1 asid:
lama hard alonep man. aid dwaya havehceu
? ?l.nl aill.l' ? -li.ill hr. . . I al lilli all II . ?-ia ??? ? !u:i I !i?
(Kip I ; all ni.l-?.i -liiniied pia ! ni):, ., ; all th I Pptlve
premian : i vervtl iug, indeed, ?ti tlieahi pool paper
I tisiif"l fur i iiiii.i.tioii, whether bj t?overiiineiii ot in
, dimit?ais. ?-.Ililli I.inn.?I lie ?intii-! Into gold ??ml
! ni I ver at the will of the bolder. -Works, Vol. IV, p.
I .ii"*.
(tor ? fin-pmiiliiit eoon far above Webeter? J ?>.]
V 8.63 OK AKOTHKR C.);,?>K.
Ill: si ill UK ni li IM I? HY (iii. ni lil i?:;l(,l.N.il
l?i.MJl.iii?i:.s.
lo the Editor of The Tribune.
Suit As von linio (??uiit'il .vniir ?iiliiinns (d
tiiediiu? km at tee 3.63 carnac j -i i. ae, aad nlwn
once lui eiilliil.laalii nppiN li r of III it N li-im?. pi-Unit lil"
ia? ?nie a ii" iii-i-u--i?il it n early aa 1864-5, to etatc ??hat
ii ama ortoiaally. As eateWUed la a toim.i ?u-i, tee pro
rlalona wera in eenntiala n tolloa ? ;
Tia II ?' ?? t lima im ha ie un,) i ?o?. ol .currency, hank cr
N iii"': .1. except in ault-1 II ni lu, for ?m.ii (Hil pap t, illi?
li -? liiuli r the pro? ?-ia n.of tbe w i.
i In Of.! a ltl>ii|l/?il (h:. g| | ni iTV of the Ti? l?"rv !"
prt pue im ato beariageete totereat ta the rate ?tooee ?al
pi i d.iv on e.n li .?.ion, rta precaution naalaat forgery.
iin i iii i .I iiiuniii certain cMef town in te United
mi -, ni whleh ihe chief taral eflten of tee United
s etea ihoald ?- n tlat-.?e benda ia pin ?? at gre? abatan at
par.
i : ? tuni in dm cti-il the same eglccra,en preacntation
and.'i m..mi ii., tee bobin oi au/ uich bond, teredmta
the principal in gre aita,'!.? and the te) reel ia .coln, len
ii?.. ,;,? .-? ii:- ? .'
i ia- ?Pili tot ?i i'. h u' . to u-i- ? a i. ie m!- rither In th? ir
. ph laren to Hu ?. tra mae al at a? part of their legal
.. ici *i .
in n nan aei ral pnvteton n todetalU,repairing
v.t-, a.? ??..-it in. m, ?rom the Been tai , (malahlug turvey
providing for tim pa? ment ta Bemt-nnnnal laiereal tn
?*i?!n when te honda wen held over su amntba,
prorl?lag for tee deatrncttoa ta te eamney -?!? rn
tim ?.m'unit degnttod enended a ?art."in amount,
sail it? i .?ii int niii when Hu? ieaaaadaadai the bond.? n
I quired It. 'Hie only other liiap.rt,ml lantara lu tho bill
Via? till- :
The sixth pTOVBtod that v, ben. v?-r it slumM appeal
totin seiiitt!? (!'? ret?ala evidence Beared)that then
am no pi iiiiiiin on K??!d. and thal i ii i? aga n Loadaa
dal ata wea ed 110 m greeabneka Iteta waa before tea
. new ?juotiiiioiis?, lu- iin^iit, on Hu- ii aaaadof ^raoaa
1 buldiag ?? United .Hate I.ii heal tag tee highest .gold
it ? -'. and aol tlii u i tiled for reih mpt! n, pay i ti - i !i
! bond te tew grn ahaeki te he laaaed foi t'i u parpara
That waa the nhem ateeaaaed pretty folly bj aiyaeh
uni filer pi-niis Uitki own to I. potatloa, ? hie li inter
! ward gal it''" ti??- papen bj the hu if 'ima!' i?-it'-r
\ kaowathaa an?-of aa, wa ra laaaradadbi ibeCban
n i'? aaaai ti i. ni ? tot ni- d in n Btatltatod tana to
?. :,.-.,- -. .uni r. '? ?i. .1 uiitiei Um laagh la gnat aaa ? at
i n-.i i.? Tm i,.i, . .i o..i . i,-.n, enrreney, oppoaed
bitterly bj tofluttoaiata n a im aibarpandi of contrae
Ila.!!, and I")' Mr. ?'"i l . , ???m v I? m ..;,.,, .1 ?i !n.i). tilly,
mi te agroend that ii wn ? .men palliative,
not ???pim? .mt Um nora} ?. ti of a brokn
prarjlae, B'hal te K. ey<Carey hu] m ty be I
do net know, gometbfag ii y mir Baturda '? etUturial
(dVI ? tin i b a lli.il ,1 i Hi?! -ft ! ion of lilli lull, pi biMt
:n-.ill ?--m ? i n a i nii'fi tin- ?uiit piuvialone of tbe
law, hn been omitted, and bal lura Iklag liku Ihi pre?
.i?!i.ii in Mi -'-ia .'-i... of i a yean ago permitting
ten el Ihe redeemed carrea i tathaptoaaareaf
i i,i. - , n i.ny i- nbatttated ?a Ita ^ace. Baebapm
I ? ; m ia dean Ullj dtaply damuabto. ii daeea a am?
, m i ? ??- if to ?my tied inw. it? mortalpotoonU
?illi'.lnii? ll.lelf. len. e. Ii there li anything llUe th ii .ti
tit Kelley-Carej bill i anal ?iii tho n\ ?.-ure men abo ite
a r.iiii-i :?. vi -.?. re imt latathrah -.
iin it ik tor ni'iiiiii ti teal tba ia ii ai m' u. ? ii.m al gtatea
ai.d iin it.i'ai ??! tbe mt at tea world mm te .brough! to
ty, '??! thai t'" gall way to do that was to < m
n ct the currency. W did not think the country had
.Uie i|i;!il in ?.te lo BUheUtute ?esiMi.iiaaii.iNiu ni i?..|ii
f"i!iit ni a ..aunt of papei Wa did n .t even think
th.t n w.ia north while paying tatareta mi ?li tu.it
t ti a-.ii, li the n .it coultl be etbcrwlaa n .?? bed.
i lt.- n mi. 11 n a ia tuni ??.i. ?< ?eared by tin- ? leredaeea of
ftc.iiiriai iin f ur |n-r ia nt pntalan mi i inul ni.ni
!? i-i if apace I ninds BM to si.n? I!, ii it i? a pre m a mi
rii n i i ti. ? banka ?? w .pall of a iml unfair lui; tin ullin
n ..?nail- Aa tbey ahoold forf.-it their bargain iii it
-??iin night u? i.ikeu iiwui Hi-iii ; ata before gaoh
forfeiture waa foo alow, as we calculated not over ??3,0()0,
OOO a veur, an?! the tuink c1*? ?tattoo waa then over gBMtV
o ai.ooo. Billi It waa mi Item, and wo taetaUM It ?I'la?
?inn theraamraahtoanatraa ?>f an batanot-onrtag nara
in wltlnJmwIua Iftelf Item ?l?o cur-Tency wa* I? lug de
luonstrat? ?1 In the tbree-vear eompoond Intereel not?e.
Kiil.-t mlially the whole of ?hat i^Hi.ta.o.iKN? h til <li?a|v
pcaretl from use aa currency. UN with It? dtouppeMIUM0
Hie ?-nt iit.ii? k BUd hank ??.?niu.v hail rl-?ii tom al.t
?is ? < ula tn 0(1 cinta. It teemed to us ?hat ti.?' raine pur
poa? ??mill tie met lira la?n?l Into win? li tin ?uneiuy
mia-lit lu? cniiverteil at will.
The fear of a too ?harp c ntrutlon of the currency |
WOO OhM present ?<> ti?. A ? ireful t?u?ly nf ?he ?riant I
i puntea abowa -bet their aram ?baaatnma ranraqneuera ra
i rad from the amiden wltbdnwul ?_ tho totIh et theeur
rene/, at the very leert web u tharawal exaggeratoa
and incraaaee the e_cct ?if general iranaaerrtnl dianater.
ili.lt Inieiest liivarntiilv prenti, a auefa U pante, M tow
Intel.?t prie, le? the pell.el.? of speen! ii Inn whirl) .ii''
the Ultim ile eau??? of ?irii ii paule. We tlit.it -fi? that If i
?i coil. ' Hitit. li'U .1 v?a? pruville?! t'.e p ii,?I? of i xnclin I'.' I
tow Intereel uouliI I??- mitigated hyllie eonveraion of
cuir. n. v Into su? h tiniiil.?. ?lie pertodaof blgb intorrat j
II,n'lilli,I l.v the r. . ..li", el? 11. VV- lil."I.ht that If I?
eoul'l nu? prevent u ??.iiitl ut leaat inodlfy tbelajurlotia
??if'ci? of either extreme. About l per real vt.i? tbe
point we tiH-ugbl a laropei man: S.ilS waa aeleel 'I
In a..i? while ua.r lint |H.lnt (wltU iKi'l'l ?t? HO
i? I? ?ilino-t exactly I |>cr trent) it li bum v. ry ron
veulent. We ??laced a siiuill p? nally OU l?-< "liv?a sion?,
pal Hy in ??ay the rip? n?< t of ?ueh re? eiiv? (?i? n, mon to
n t a? a n ?training .'.i 1.1, of no little rorce we believe,
I to pit ".'lit ?|M"Cll!',?||Vc lecoiivt l?i"iis or I'l-enilVi t'simit
i Winn llie neill? Ol tue cull.?tri ill! lol rup,Ile it. We
pl.iceil coln ra the Intel -i in ordei Um! if gold slmuhl
eui ri sa- ??i,, tunah Hu I nr.?p.:in Inve.tini nts. Wbtob |"V
I - ?h ?n 3. p-rieni theil, uiigbl be attraoted ami _ ?p
It lillie I.l? a ,111-a II? y volume. Wl 11 ? I ? i.it -'l'? I
na placea of Ita rand redemption, ei?_vtn ? ?1 b3 Hamel 1
vv .??L 1 . m ?.um ut that tbe injurlea of a National bunk {
writ? c'lniit n-.iti n in the rtpiatlutlon ??i exchangee I
till "1 I. ? ill ?lie ?nil lil V. anil tliat tun wolllil _i I " Ihn ;
1 ?line ?ni? lUtBgC v, It'unit tbe dltllgcn an ? .lim ???? l? hu li 1
i?ii to ti?- overthrow of Ihn! Im Hint!? n. We lorbadc the
li lill?- tn use tin nonils II? I'l'-el ve II ll< 11 -'? i ?'"!' ' ?"III), lint !
??i mu" ii th? in lu luv? al ia th' in tm ? i !"?."-. util king
thai th? ?:i? i_;.i tiie) ?vi ihl gain by the lack of any
t. nip) ?in ai tu n m. c,'tin? ??til loan, are?d lu-a tatlafao
nu v : turn to Lu- public.
;,' ?ixtii ?m tiiii fi in. mi n ?ti par? of the eel?'lue. I?
locke?! f- i vv ird to a puaailile eon?.n of our Inten it
in r ui.- Li-lit nit" ona bearing aa light an Intanetua i-.n
i.-ii -.i e,.n?..i- a 1.11 ? j. ,.. hedgod i.tiin l ti..ii it waaalmoal
lui]-) ? i' ? for it in n ?tili lu ?m.? Improper lnn_tton. it
is a mere rotnp!? mein ol ?li" i??t.
\rtunigli dnadiug Ibe i liam et ??f icglalntton, I bnve no!
B np mj I nth i'i a ??'??e:u." v. ili'ii .????. ni? to oller as
itiigia(1)apru '. ?blemode "i oontractien;(_ln
! lim in- aili n ni Ibu ' fe '?'? ?i pan!.. i lu ? ?ti Li| an ii i
In.i lue rate of liit"ie?l : ( li a prcveiitn.il ?af ?ViTiiltaiit j
i it - ni ? -. .linn'.?. ind .?itu.il It la elicit? an.i not nasty.
Vii. n ?:t. ?? i:uilv your-, lUKoLOOCB.
.'?i wy < ?'.;. Jug ill, 1??7V
-?- ??
PnOTTXTION AM? RE8UMPTIOV.
ItOU iii. NATION l IN I>? 1,1 AM? ll.ivv .1 M.v.
iii] iii 1 ni ir.
rn ' h r Editar at ihr Tribune,
Hi H : The ?i'??.si*;:t ?li^tial.oii in 1mi?.iic???, which
' i. iiuit'i ini|ii'.' ? i'. nt. ?t m ?hi? mira try. experience,
tia.? ? i, a, ii iini|iie?iii.i ibly far Ile ennara to the war. l"?e
; mci L-iie al and manutaeturlng todnatrtoaaf tbe peepie
! v.t ?? ?timtdatod bj t m a i beyond biatoriral parallel]
.. ' ' ,,i (.. .? nui? et, wl ii li wa? conslaiitiy in tin
lu.irkci for urnrlj everj m il le produrad al I? an :
i ? ?? ? Bdlp, bp the u ????'-?linly esoeaarra tornara of Hie
i ? in rene.) to pay for thara pin i lui?es, which obliterated
I previous -ile..? id vi,in? and rbungrd entlndy IhehnMta
of tin i ???. ?i, cattaiag thmn io aatmmta i?y mlUlona
uheratbrj pravtomlj reehonod bp theeaeade? Ia thia
?r the la i ma ot prudnetton autotrlppcd tha toenuao
I of p ipulutton. Bil I. the war wa? nut an Bundled
j ??vii. it t:?iii?'iit the nutton mlfraUnuno it eora
! pill? ?I it to wert n? nitn m,ne?, t?> OSixtriiii? nt
willi it?i util Hain, to priMliieu it* n'.'.n su ?? 1.
, i be ?.> ?i of i ita m tin? Ught wau uuathmnl bouedt. it
j WO? III ? II: st l? al tai iff vie,?i er had. That of 17?!>, und
i ti ?? ?I?? .illy uifihtii 1 ?nu? of ISM, wir" of aumtl Is'in lit
j m i .iiiip.irisi.ii vti;!i tiiis win-?mil Ita amhegfO, They Ursf
' lave ><ii bwpnlee to nmuulneturaa nnd enrapeMed the
????int!) ?n : rogntoe Ita tiwn neourceo?
r. e- bnalneaa al u country I? lnrge|p dependent tm the
.?I'm t live nillir- ??lull? ?if th" people ut any peri 1. A
li.?ti?.li lil o an inilivnlual hu.? It4 vvluiiH uinl c!i?'ncet.
Then i? evidently ni this Uara lu the miada of
| u torga ela?? of people aa nadetfned -totruet
of tbe aonnu?ara af the whoio haaluum beato
lit th? wuntrjr. Tho rnrtora panics tan! nara
i .nt in-,el -.iiii-ti tin? anopeuatou ?>f ape?le pu/menta
? hum aba?eu publie t?nUitonee. and people dtotrnat euch
other, it i-1? nein to ?i t ?r. fui abnarvra thatedeter?
, mil ii ''ii h.n tetrad ?m Ita people thal eraapbodj theil
| p.v ?ii tie ow? a bcfnro any new haohUH BOmmmMM.
I A ?? a iu/ iiown in Ont principle? napoon ti? bede
I Hand A, Ita tonntry ima boee seemingly atti mpf
; big tin? eanealNB eeberaa for the past in
i iiiniiiiis. it i? _ pmfeetly -?ul ulai audeuvee, md
' tt-iy ?li.-millar to a pani?', or acaie, win? h
? ?ohm'.nie. s laoo a erawded am inblp. Thora to no tagM
. in ??ueh u . outee. It ?imply ndncw the relative rah* of
gil property. The aracMli iinip-oaltoualdj In debt? ?nmi>
political phHuoopher raye the world ?>vvc? r.?r huhraah.
feat,beennaa thepeoplo ofuo ueunli/eera a i?nn> a
?lay: f.ir, If Hu)'?lill, in lia? ynurs the planet ?vouhl nu?
bold tbrnecumntotcdoaohl Tbo enleutottou m latereet
l-i :. vtln li.er Iii a n-.T- tllilL,' It trite or f;il?e. TIM 8II1II
total i? ni ?in?! min? one, i' it th o iieiit thal peeph owe
to cuh other oro mon readily reduced than BMnettaaee
teemon po?silile. Au lull ii,-nt |eOtl mun in tins
vii?iltj related to me n eh u-Mt-um In potato tai urtp
1 it be v ?ia ciahit-1 uf a bank iu PUWtUoket, V.. I., ami
during wau toenl prraanra for lunney ?paito a trow?!
g itben it al iii? bank to await the arrival ?>f a aifairngi r ?
fimu I'm. uti ne?? vvnh an expected -?Lo?'??, (?n kia ar
rividthi nemonger gnva t.?u naoaof tn the perwuto
HhOm U Was ?lue. Ile ut oin l> li.Ulled it lu ule.thi r
whom he owed, and thia cue aejnla paid it to a third, ami
aethomouoy won! la tara throngk tbo banda of M i?t
muh. th ? last of vvlioiil paid with It ?; Boto tu the cashier.
In Hu? iv.ii 0%m\OnOotdobla wore |>,ii?l with VljOOO.
Pebto that ara due nbrund reunir? specie for thelrex?
tin-'iii?hni. nt, ami the payment rodaeoa the vv? .?Uli ??f a
Button, tor It la ra much lew obi tond ?u Ita promu ?
to p ?> in rate. Thi? io w hy u i? better to produce tatolea,
vv me, ami Butthandlen at homo tluti to M$ uti Hi?
labor,feed, and ?uli uf other nattoaa an<i gin thom
.?I ? n in pnj mt nt.
Tim ci?-.'I cause <?f our pre.eiit e:nli.irra??::iint ?ml
l.i?.? of ? itiil'l. in'tt la the si! nallan of our cunen, y. which
not being baaed nu the pie nun mi tils -wbtob bave a
rea!, invariable, anti ever-pneeol raine tho worldorae??
ahlf to and vrataa eneb day-end hour. The rauutr. vv n
forced io thia during Ita ?ink dayaof the war, and in
??.m? uueura it baa le t ita rwlumtas. Clearly the
ti ?io woy out uf lins i'.itlii iil'y is to git
iiiio exchange rdaltoua with the root of Um world; that
la, tn iu i?^' tr n.? n Loi.n tu a lilli ataadanL This __.
m.' ii? ?n'y eoufldeueo in tho Onrarument,and m tho
mwuraea of tho eouutrp. The debt tone otataele. Kia
o:i!v Imlf na iurite u-t Una of Bag! iii'l ol' Frunce, ?uni r?
stllnjilliin will ri illira? ?hu totOWOt M I? pleei e-ly ill the
rain? of gold to cu' 11 ?ey, and < tory dotlur ni gold m the
I,nul will .t nuc? help to _0Ul the n.iliun. Quid vvlil t. ira
t.i be .m aitie.e ti ararahnndlaa aa i a iii aaanmu it? fune
Itoua ra rarnuep? Then nie at tonet twelve million
?ara inh abitante tenu when raapeuatou began]
uiiti, m.ire tuan Unit, tim nnttoa ha? u lognej tram the
v .r of :i,-?iK).(?(M) frecdmea. Now ti ey me men ?uni
\?liri??m ettlrana, pradncera and ronaiimnn. au o?i
?taelea to neumptton wtB dlmppenr whi u tim aneri?m
people ?a', in bom ?l rantoh ui ?-. " Let it be dene."
I'rort'ltnre, li. I, July 2% 1*>T.">. U. w. v.
THK 1'ANtc CAUSED hy lill; LAI K 01 MONET
/?> the Y ii i In r of ?he Trtbttttt.
i?ui: You .-?ay tra have ioo__y enough, and
ihn ?mr late on metolpnnfa waa not t anaed by the want
of it. hut hy the Mlamaaagement and unprudenee of a
few individual ipeenlatora. Art tim bualncaa trauratf
lion? aud the proaperitj of the rauutrj depeadenl npua
ile? o|ti latltli? of ?i few apecnlUtonl Have .i few mil
v niiiai? the power ?o to derange our m anetal apatem aa
to eanra aueh wldeaprand ruta and dlatnw ??e followed
ti.? ponto of 18731 If ??>. ?meit it ia time to < i or
eh.?tn,? i the apatom. Yon ma) me torthec Into the mill?
atoua than i cm. bul it appeun tu ant thai tola
dlmator una eanaed io Iba unutof money, however
plentiful you amy Udah it la. lhere win nrero.lal
among na ipi ? al don ?uni ovortreden. ?bold adveutun . ?,
Mg! I l'i make lapi?l,til iialK? nilli?, "-?li li vteiej.n I 'n'?.
i r??. ami the r.tiir?..tii directora ten taroaamed t"
ahwa luipi ml?m " ?uni iii ??nan?.', ineiit jon ? lui (1/ ._?.
eriba the dhauam Hint toltowed tin Irauopouatoa. a brae
sv .ten of ti na lice aheuld pruville for thi?. con tin'.'euc V
.min i HtStaaoebenterprlae.ortoUp,rayoo aaaj deem
II. I. ?ii ii-t niul nvi rt'iitivv the bunine?? of a whole ciin
i. 'it i 'n ? ??? I't'iiiiatiir. mui overtradera, that to.
?m' have guna t? ? i ud a pt?di ni regard lor tbe
ni. i-d attpply of money, bad got to tin? bottom of their
pin?.?., w.i?, i, ?m,, banka woutii nut or eoald not
?> l?b im dence n pli nlah, ami ben? ?? a indttou ? ia|tentl<?n
id i tell ope! i? ifii-?. ? bleb opened the erea of the cum
iniinlty to the fact that mea. v lint run sli.?rt
Puub't, i.'iK.'.i?. and ruin toUowrd Hil- dlaroverr, md
iii? pi mi ut 11 ath ., alike .*. it ii tbe Imprudent, bad lo tub
nu i ' tbe | ile. li id lb? i? be? n moue? i u ?ugh to enable
.lil (.nike .V In. t.. pai-ue Ililli ?Illili,l? wttbl .! -.1
diuiluUbliig ihe ?upplv u? io force other o|?eratora loon ?
? u nu to tie- blaat, Una ilis.mt.-r io the eountry ?roulu not
bare hnpponed, imr would miy InglUmaM bnalneaa oi ? n
torpriae that might be engaged In be attended bv dam
?l),llii; ? ?.li.?,(lien, e? l.i Hie ?.?litIV if We II ni, u? I liol?!
?.- ahonld ami mu luive, a ?ullh lout an I liable rum m y
frtHngton,JokytX,Xmii A_v VonTumoTuto^
NATIONAL L9.SUK3.
TUK KKK-HAW HaTaAVOIAL POMO Y.
To the Editor of Tht Tribune.
Mik: Who dora not remember, wlien a child, play.
?iii.' at " se?'-s.-iwf" One eiul of the lanar?! ut now np
;u.?I the other down, nu?! then up .nguiu, awl aoon.
It tviis ran? ?jMirt for na litt!? fellowa after OhmWht
hours ! Judire Kelley mail remeuil?er it, aa w? doubt
it is the origin of hi* system of finance. Look at ita
si. Hilarity ! ?Now, his tennis uro np und ni i-cnhate
?in ?loan, nu?! then the grccnl??? k? arc up and te
le.mi? ure down! It i.? ?i Immy sight, and tin Judge
enjoys it; hut he in very naught j t<? thnaton t?? talia
fulka hy the I lit ???it ?vlmilo not nant to inniute them
?i'iis in that way! However, |MTsnm troubled
with djrapinate ?.innot alampa belaagcnlbanMi
The Jndgl will not hurt uni on? after all. J. I?, o.
?lirkrlry Smykagm, W. la .July -ti, 1"?"!.
a?.
rm: ohio POLITICAL CBBHK
why VOTBM piun.it mi; ni Mi ?tit tin- ikkkt.
To the Ed it or of The 1 rt bun?.
Sill: Sin??- tbe iippcal Of lilt- TbIMTBB ia so
illrcii ami arana I ti nat a ?bort reply will not be talma
ami??. Pint? I tlfsirc Ihe (internment lo furn,-li all tn
liirn-ii'; Hid to retire theN.itii.ti.il bank li'tit?. Why!
Iii c.m-i' if ive pul Hie National debt In tia? simp?? uf ??u.f
reacj I na toad ta benda? an han? no Intin t t -, ] u> am
teal pi rtn ii of tee piablii- deb?. ?.?? nu?soma? million? ia
t.u ill?- lu iuti r???t. Hfcoiidly, I a??t f milln y enoiifh la
i ur> on the b gil Inala haaiaenef ti??-country, idon'i
ilf-iii ill iliflatit li that will m ike mimi > i heap, phn II lui,
and iii-it lo Werteten, The Mili-i? of Ohio art' moally of
the ela?.? who prislnce CxeB. 'iiiri able i oimiinalilif?, Bad
.ire oppand to a eenteaette la th?. latomtef ttootf*
hilliers, biiukers, ir,ld nuil ?lock gMBbh '"?. Md ?wiiidlen
in gea? nil, that make? mom ? at .tin? ami dear, mai other
coanaodittn dlapi apoitteatolj cheap I deeteorteg latta
tn .'iin.-.; ibnwtog whole ladnettialnnaaaattteaant
of emploi ment with result? of BBtold misery and illa
tren; canalng tara ead dtaerden ataehteaN from
kUeneae, deaperattra and vant, ?md briaga aB the eora
merri i! am! pn.ducHvo Inten ?'.? f ice lo f ,?" willi balik
tup;?.? anil lulu, 'lie idea that conti tun nil i-nn<
?p. en |..r, ii'tit? iu aii-niutt moonshine Tua Talarm
?ii?: *?we .ne now tartan ?iff teem agot ia
iwrmcata than ure were gre v????r? Ban," Iba
?"?Hey of the last ll-.e roan ?-? -ii l ? ?????-?I tlie
nett gre will se? na toi ter off linn ever.
I lie piodiii-'ii erin feel Hi?! t lia y b ive lus n nata i-'ntiid
lyawlndled, toil ?ni! tln-v proponto paj p29H t?. lue
ia tndbnldoi for PlOOthey borrowed of hua, sud tbey pm
i o?c lo |?iy lum about gn pel cent In cold uila-ie.-il, W Ob
in rarremy, tor every dollar tbey borrowed. Tbej pre?
pia.-ti topaythetaxn that hare beca trebled and gate
nii.ii ti, and tin v cape? t to pay the bauki i mien ?t tai bia
capital ?lock, and tram IS te 20 per et id mi m., i .ni? mry.
? i ?'.?ii ?,?! !?? i-l ?_?() pero? ut, in ??( i ita million?, ii,ah. ii -4
i i'i iii-hue ?lulen, te abata, vi.? > nropom top.y ??ay
liii.tlt.it pound of lb-h, but tbey do not w.iui to lui?
!..ii pniiiiil :. ti hird to cet hold of. gow, tho tatr-ia t
Ohh? appeal to the great BBwyad latereal teta eaa??abl
the (ioii-riiuietit aot te autka anac? ?o team ami i.ir
lli.t Hie product r.? ini-t piotlili e Ililli a Ibu ni i ?luis of
grain, pu?ada ta meat,m weta,oi cotton.or li..u, vante
of cloth, or liny? a liibiir, !>> | r. g that pn i 'nu- ?h.ll.ir,
mi'i ih? y pray thal ron will te give aaatfiar twi?t te te
crank and millie?? i hem to ?lan i v. 'Jin? ini.i? ot oin?
i elite the B pubUraa part; te eoaiptofdj ?nil oui to
tin- mdd ami ?tot i? i aimitiii ?, m un-y I? uilet? aad baahi i?,
v. h >-c pol te j ia in hihi tin pi at remanir lal ami .pregan
Iii.- ni. r ?in of the couatry, and to peetpoM ?j?eui |>ay
lilf lila lltileiliille!? , mu? te, III ?lnti I. ?ai a < > ill j < I a I, \y i-..i i-.i|.t
aim! i-aaiien ?? ii at ii -imketb,' nmt saide ii mi otan i???ta
m?, ii out of ia weata Mteer ?'.!>? Um Pemui ritif in net
? >I ia ! I III-til lilt,II Ki, li) ti? ?...ill li ti.ey it el? .?iii .- I hil I li?
Oeitioi r.itu- part.? co.ihi bet mated ein.it \y ??iib Hi.tith.nra
III Hi? -'Hin I'm. at
.1/'. (Mlaad, ohio, July 17, 187g.
DIBHONK8TI TO BE MAI>E UNPOPULAft.
IlnlV KAMI s IM) III ?I.IKsS SI H,\l III!? Oil lia
n;:?n (?in ra ax km?.
To *he Editor of The Tribune .
BlRl Tatara u* no bettor policy fur a ?i?ili/.?-4
ctiiiiuniiiit) thuu that of libel al gxpeadtelB? To let live
a? nell a? to live ?hottlil Is our mot to , and illili-?? we a<4
on ii.?! pi ?nelpie? It i ??illili?- tm prophot to foretell that
the i a ral ile of the unprofitable ?a nant ?.ill h.??e h.ula
ii.ititiii.il Ulaatrattoa, wttbtto dite nain that in thisca.se
it aid Is? the iii-' ??hurt? iv, ti Hi ,> (al. n!? I Ii.i lu.? l>oca
ton pi u.lent to inerea.?'- ami i ??) >y tn.-in. lui pialilie , ia
the nnpeaaattoaef labor indi.feapit.il tented te the
(iillercait occupati),n* cannot be reineilied, except
by the natani toadeaey of auakted to lean
tin? uiiietiiuncrntive employment and enter m'a
Ibe nan pnUtabtoana, it te probebta th.?t -,. im-.m
tia? m,i?t ti rule soil tee ?un ?vee -lu,u,. on is niven away
to whoever will ?ettie on It, money huesled iii lim
tortile teran la te tate Btatoe wU aid deabta rerj beti
ami it i? .tl-ai) probable that a? teg a? so pata B siirplua
of fiirui prodare is releed ?hat it tam te prtaitpal hate
nf tin? exporta teta tete reaatiy, te nnpeaaattoa
for jahn applied on tim f.inn will be 1 ttt than In thoto
occopatten altan na h nupte i? ata predaeeal,nti
not ngnMnteeaan te prinef tbewbeto pendant
t?i ia? greened hy thu pitoewbteb tontga aaltoaa aro
willing to pay. Hut timii ?vii! hWo I ,u.-i!i7e tina,
hat,Ot flu acre.? am limited 1?> iittluntl lii.uiiat.iiii?, Ilia
timo lilli com? hen?, aa it ?.i? la OthM Itaiallteg.
when tee tabre a i.i-a.-i a ??in eeneaan ai ?u>? predaeteof.
the soil, ??nil teca tea advaatege atti ha with tea agrieta?
teni elna. It bbji Innaahlj astete Bottai ltapis-aaato
me teal tue farmer?, when prion are i'?w toreveryttteg
they ban te nil, eaght la wi?h that then nan awn tal
te mrreaattte ?ntl ataaaatactariag and prtaVaatoaeJ
classes to be fed, so many tint they weald be obliged te
pa? the fal tners for their product?, on the basis of what
li,,'?.nu, mild be imputed ft oin tondgll < mti i n---i for,
and that the tormere* study ahonldtebow tbej .nara.
i ann,aire |ba gnwth of te other ? liia?f?, in-ti id of BOW
Iin ? i en fun??? thom Hilo tiieir own overcrowded r.r.ik?
Botwlibstaadtog what 1 IwveeaM in torarot iiixnil
expend tnre, l ?lo te by inj me ma tori;- t .teta teen ia
sin li a word a? OXtt irag?an, ??Imil has Ila plnpft .tpiill
r at lou. DI dinneatj la ever one of it i component ...rta, and
tliough the word nae bo prop r appin mum ina raking el
tbte natte n nar whale eton in -<>? n ty, it lalttyap
phed io tin. duhom-at men lu ali olaaara Bveryana
?l ho i|i>e? not pay Ins bill.? In full is pi?t -.i: ?!. ??I
Weicht on te shoulden of .i'i the !? ?I of hi? .tihnv men,
ter the lo.?- te nat horse lui!? bj Ins individual creditor,
tint i? di? nie?! nu and tearee bj iii?- whale hal w ?? al te
.Community in tue shape of an extra pen ?lit .?-n of pn >lit
lo cover thone loam iii!? la a ten ti ?nea heavier tax ra
tua- laboring min than all X itluiial mi State and lii'inifi
p..i ininti n.?. It te the greet clog which lahmngdru ti
alone bl the aiaetecBte ocntury, naktoa Ita pro^raaa
i.t i n still Irregnter inalead of constant ami atacady, u it
might be without It. Itteaonaebu trull stn.cn fnua
the )siiii)-l? of the Iii-it ?t WOI Uintl M If If 1? M n ?illili ly
deitui'teii iri in tlnir weehlj ??a^' ?. 'ihe i-, ini.i) i-in me
band? of the uaeal men in ii i ?-???? when tbej oho sa
t.tii?t it. Itlabejr.I the po?? cr of Ibe nu i-..in.'', chin
t..a ii.-, i iii- n torm aluna wnlle the pe ?pi.? honor dfatea?
ra men '?'th tin ir lol) a. a ,1 .he ri.lit wild Ol ft :.lo???;iip
is tit! mi'ii in tin in m Hie chut! h, in i a a. gnaita, ead lu
the a-orkinen'e union, and they am inokcn otto no
l iraber lena than m te free-hearted mil ceaeron f??l
li.?is, ?nu! nie cn-iidi-ie?! a? dratrable membtaa ia aaaO
a. t ? n a ? lona e? tin ; pn) liberally for te tpcctol
obi"a t? i. i- ors in?crd lo forward.
M h. u in.nit. r-liip ati.l pn-iimn in iliiiich and work?
man'.? mmm ami 1.1 ii m i-t i.iaii.t -ali.ni depead u pi .ii M
h< .ii-u uiit? li n.uni il ici ard ; w lu u tia- ti i-t ,| m -i mn ?Inch
i? ?i.t l il'.'ii an 1 -t? 'a ?c,_\ -, n i ii,- a?la ahOBl I nilli l?, I',??
he II ii' ?? Ililli Ins I lut int ! ?ian u the 1 a ? t ? ? -.-1 port' tit <>1 the
t nltiiniitill? ?et flieir fina? lllin a gmt airain?' diaboBCtap
lii?ti? f' i in, nul ??l.i u I, as lu.!., u nat. : .ia al thal Iii?
nilli ??ho wear? a coal ii hi ii he "t.t. mt aid du? not
Intend lo paj for. h,?? cheated Un ian.it ut every
mu? hu n,cet?: ninn tin preacbera "leach,n illd ion
iiinpiiit? oi old, that boneety U ..u uni!aj?-.i.*.?.l?lo
itiirn li Mt if , n t.?. mill th.it a n .ni'* ?Pit? to Uot Uta
p.". Ida bon ?t da'ti lu fore ne rivnto pami .ni.tcliail
titile pin pos? ?, ti. en tbe exoroitonl prohta whkh ?"*'
uii.'iL of ititl:i?n? bim] liiiinci?' gnngriare gruiubliag
about will iiiii- to u .-u-i. l'or Ita men . utile ? laen
?vi.cn it un.ni? alni? that the malt ??ho tall? to pi? ?Bal
call l,l?e li a Isil.i liasiill PT It la ni e ?ti i? ? ? t..ta , ??ill
be treated with coutempl by toa fellowa, will uo teran
be afraid to ??-li iraoda on t ri dil .it a ' Ins? 1 rultt, au 1 Hi?
bom u bayer ??ill find the laving ihn made au it
that tin tnniftiit- cul inxuitoa wbicb have hitherto h>m
muuopolired bv ti.is dlebon? it clan will i.'i?? tea len
tile It.?' li of tl.C htme-t .Uni Ititliltrioii? ?lu dt-i:l?
tin ni. ami to ?? lunn tin J hnVC .lina.. ? in.lit.?oil b. i.tli.otL
It ia not ao much te lai h ta .ape?la unbaalal.ur
cn.n itiitu ae it la the lack of a .public optntou iiikiur
dtaboueatj odloua ia a beete for our credit ayateni th.?
k . ps tbeae ?lull lime? with u? n leas, Itwnteea?
po?i'!'i" Of ?It- ii.>li atj mi .? ?.!.'.lillie -cale in Hie ciUi-tiilO
i,..n i.; am-1.ii'.?.aid .nul lu tn?- leaning of Iba ate k of
oth? r. thal deatroyed the coot h an m Iba people la I ni
n.1.1 ?tink? ??cut-rail.?, aad i .m-al (hen to retan <ha
'i>.iiiiN of lim.a nada ahlch wen bclag itani
.ml Pi te Hi m ???ih what??' fa inn te pn oat
I .nile bit-aii. Alni I'm lilli"?leili.il that th? re
I? no pul,ile st iituneti! un.-.i ?ni atamp the
ini'id of ?i iiiindiii cn the man who n<egtc i? lo pay. to?
gether with tee advice i-'iv. u iiniiv r.tiin.aii 1.? i.alto
reduce then eipenan to tee tewita p.)a?ii>ii Umita, aad
the fl? that nue Wbote d..?? of ?out"? ??><? u- i ?a
drone? and must be giri ml or even if t iej ban toi??
ataiietl out. Hu ??? ??oi kiln: In,el her an? lit- lone? v? binfe
are I?, epiii.- n ajroiu,-.
Tlie .i- or...in-,/ lion? of tee ?i panto elaam of ?o-iity
li? Hiern-, lie-, I In-e g Ulgea alni iii'lfti? au I mai.ill jo?
in! ti- a-? ? ulam? are |K.ita rtiii agi in n.- :?r c? i!, ni for
goodi n. iriteg i? tu i ci:.:...? tra i. reria-d u nott
each other, or efeerted In cau?pentlon. li tbej aaa i'"<l
i>.. blgberworh lu ?!<t than attempting t.> t-uiitnd mt
anackle and destroy each otto?r. It wouw tere ben heb
t.r fm tbia country if tbej hadaevei bren bora mto e*
latiine; bal if tbej mil unite togette to ,? dctorauaal
e.fnit to amke extravagaooe und peaurionara
t.,ililli? filiou?, aad W.ak? III. li ?elvel to III?? IlitB
ihii ?iii inn? which an- not paid bj tea Batter ta tena
an- . ?dilua.?y d..-.t. ?Inn. t| over the tutu, t uiiiu. .'i i)i
Ulnl tin,ill) tome mil o? i ?cn- hoiieat Illili ? p.a lo I, If
Hu ? t ni ?nee" eil in in.?kItik ili-.toiieatv BO tiiipcpiilair un?
di i the n mu' ut em ivagaan and fi .ml a? u i? u.?a uu
dei .that of petty then, tee panic and the dall than ntl
both i f in- I.) a ?peedy ead !.?-.' 'her L. I B.
Oi.f ( im mi.'jim. Motts Jub' -0. ia75.

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New-York tribune. [volume], July 31, 1875, Page 4, Image 4
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924