New-York daily tribune., 1843-08-28
VOL. III. NO. G2O.
.Usury: the Remedy


Messisurs of The Tribune
More than wear ago I gave up coffee, and
took TO reading your paper for breakfast ana
have improved SO much by the change OF diet
H.. T can now venture to address line to so
,rroat man as the Editor Of daily paper Call
i presumption if you will-but believe me when
r tcl Won | do not mean to be impertinent-I
only seek for light.
A dav or two since you referred to recent
publication on the subject of Usury, its evils and
remedy, and complimentcd the essay in such
strong terms for ts force and originality, that !
have been induced to read it. The title is too
unpretcnding for so powerful work-a work
that touches the business the pockets, the bread,
and the butter of every man IN the country, as
well as the satins and silks the calicoes and COM
| forts Of every woman.
The evils Of our present condition are not
| family shadowed forth, but they arc faithfully
drawn, and colorcd to the lilc-and that too by
the hand of master. He does not content him.
self with finding fault, but proposes remedy
Now as you promise to refer to it again, will you
allow me to call your special attention TO this
remedy 1t strikes me as capital; and comes
nearer to real Safety Fund than any thing that
at present goes by that name. Cannot you, who
are so familiar with all matters of tins sort, be
persuaded to show up this remedy, and let us see
how it will work in practice? Let few stray
beams from your Illuminated sanctum shine upon
us who ask for light.
The author is clear as chrystal in his argu-
ment, but in the remedy he observes There is
no more reason that money should always be con-
vertible into specie, than that farm, or the soil
of a farm, to make it valuable, should be such
that it could at any moment be ground INTO flour"
Money, in the popular sense, means stamped BITS
of paper, or stamped bits of metal, or either,
stamped by authority, of course; Specie means
only metals. Perhaps this sentence Is mis-
print-or perhaps am too dull Of understanding
a little farther on the essay says: "lhesc lnstl-
tutions could discount money at per cent
Do YOU suppose the author said SO [ merely
note these little items in order that when you
come to talk Of this matter again, you may be
able to attract the attention of the clear-headed
author to a pericr devclopcment Of what | am
inclined to believe the best plan ever yet suggested
respecting banking and currency.
a,n not going like your hgh-hown ncwspa-
per Solomons, to sign Junius, Jefferson, or Jack
son-but 90 for what the author of this work
wishes to see on every poor mans table
DUMPLINGs.
d Our correspondent is too critical In the
Usury' pamphlet, where the author says there
is no reason that money should always be convert
be into specie he obviously refers to Paper Mo-
ncy-the common circulating medium of the
country. In the other case, where he says these
institutions could discount money at three per
cent per annunl,' he means that they could dis
count well secured notes at that price, or loan
money upon them. The author Of that work is
evidently more familiar with business than with
authorship-more addicted to observing, think
ing, doing, than writing. We think, however,
he expresses what he thinks very clearly and
strongly. E@
u We learn from the Chicago Express that
an organized band Of horse thieves nfests the
whole of Northern Illinois. They frequently en-
ter the city of Chicago and help themselves to
horses, wagons, and whatever else they wish. In
Lee County they even venurcd within the au-
gust precincts of the law, stealing fine pair Of
horses from the Sheriff of that County.
ljs Warren Stillwcll of Morrisville. Madison
county, N. j., hung himself Sunday last in the
third story Of his own tan.house by a rope some
twenty feet long. He fastened one end to a post
and with the other round his neck threw himself
out of window, thus falling within few feet of
the ground.
BUslNEss.-A gentleman called yesterday morn
ING at the counting house Of one OF the IRON mer-
chants of this city, to purchase fifty tons OF pig
iron. In the course of the negotiation, the mcr-
chant was led to inquire to what purpose the IRON
was to be applied
"To make weights for Yankee clocks"
.'Why what can you do with so many CLOCKS =
"Thcy arc shipped to England
Think of that. Fifty tons of iron for clock
weights, each clock requiring, probably, less than
five pounds. We saw it stated some time since
in an English paper, that the clocks were being
introduced in the manufacturing districts OF
Great Britain, and almost every workman was
becoming the owner Of one of them. U. ). Gaz'
u FORREST, the Tragedian, says corrcspon
dent Of one Of the Baltimore papers, will, in short
time, resign the sock and buskin, and devote his
remaining leisure to the cnjoymcnts ot rural lie.
Mr.. +. has authorized gentleman of Cincinnati
to superintcnd the osection of one of the most
beautiful villas TO be found in the United States,
which is to be built on a commanding hill IN
kentucky, Immediately opposite that city, en-
bracng one of the finest views up and down the
Ohio River and surrounding country to be seen
in the West Great taste has been displayed IN
the selection of the location as we'll as in adopt
ing chaste and magnificent kind OF composite
order of architecture for this rural palace.
u The Pensacola correspondent of the n. 0.
Picayune dated the 10th inst, says he has Just
heard that the contractors for building the float
ing dry dock at that Navy Yard, were to COM
mence ooerations Immediately, and had three