New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-07-24

| to a nominal value we have no faith In The con
WILSON'S and struggles necessary to bring this aboet
| ia any way We can imagine would leave tbose VINO
need land less able to buy them than they now are
and tend TO throw the great Of Property INTO
| the hands Of rn-ers lawyer. and law oMcers-Cut
ing down the rates Of Interest is very well, but we
doubt the ability Of the Sovereign People to 90 that
thing-af least we know no, how il is 10 be done
Has our friend read the history Of the Assignats
Bread maximum and other con;rivanCes in behalf
Of the Poor, during the French Revolution We
have and believe our correspondent plans would
be more likely to raise the rate Of Interest than to
reduce ii.
Just 20 Of Banks. Grant that they not the best
possible machinery for their purpose our plan would
be to derise something letter. put that in operation
and let the Banks run out, they could not fail TO
DO. Devise some means by which the want Of
money may be diminished the supply Of it in
creased. and may have it at three per cent. a
year bat undertake TO make money plenty by
destroying the Banks. reducing by Legislation the
amount Of debts, &c. and men viii be paying three
per cent month for it. and glad to get il at that
let the legal rate of Interest and the penalty for
taking more be what you please
As 70 the Wing party any other party, under
taking reform all the abuses existing in Society,
cutting down the charges Of the Professions, we
really think il a large job to undertake so late in the
century Better speak to the boys Of 1901 10 start
the ball bright and early the lst day Of January
The Lowell Advertiser has mised our correspond
en entirely respecting the recompense Of Labor In
that place There has been no such redusiion as
he speaks Of and we doubt that the Advertiser,
though toerably unscrupulous has ever asserted H.
The reference is probably to some very partial or
local change Nor is it true that the general condi
lion Of the Laborng Glasses Of this City s deplora
Die compared with what it has been. The winter
Of 1875, the summer OF 1912, each far worse
times for the poor Of our City than the present Some
trades wofully depressed at present-shoe-
making for one-and many people are idle and sui-
crng who would gladly work and earn, and ought
70 have a chance 10 do so. But that there are far
more work and pay now than there would be if the
Tariff were taken off We cannot doubt.
We must stop, Our correspondent has jumbed
mp Social Evils, Political measures. possible Re
Orms, in a medley which confusos his mind and
clouds his vision. The Freedom Of the Public
Lands, which he csmmends may be a good idea
shall not discuss it at the close Of an artice-but
be it good or bad. it has no bearing the Tariff
question, that respecting the utility Of Banks and
ought not to be run muck against every thing
else in this way We will think OF IT, The idea Of
cutting down or graduating debts by some legisla-
i've standard the Currency is contracted Is sheer
madness. IL would result in the grossest injustice
il practicable but ii is not. The Federal Consttu-
ton forbids any States passing acts which impair
The validity of contracts, and the Supreme Court
would be bound 10 upset any act Of the sort contem
plated at once Ii ought not to be thought Of