The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-06
Letter from Ex-prcsiaent Tyler.

fFrom the Washington Union. Jan. 3.
The eellewng interesting letter from President Tyler
VA been placed hands by H. son John Tyler Jr,
% WHOM addressed. The fscis stated therein rea
rve % the origin OF certain plans Of finance put forward
3urng fs ADMINISTRATION u the Presidential Once are
portrait Of history and, without endorsing the
suggeste1s contains, we place on record for future
me letters Of Mr. jefferson " Mr John " Fppes re.
ferred s by President Tyler were written IN the year
1913 instead Of 1915 Mr.. Tyler states from memory.
The sixth volume Of Jeersous published correspondence
on three letters the general subject Of currency
addressed Mr. Eppes, bearing date June a. sept III
ana Nov g. 1873 respectively ali u which Of great
interest and " well repay perusa They are OF con-
siderable length, or We should reproduce them IN our
SHERWOOD FosEu
Ny soSMy exchequer plan will be found, IN iim,ne,
IN report made by Mr. Forward then Secretary Of the
treasury the senate, in the winter Of isii.2 Ny
message ~ December, lsii presents ~ outlines, and
s,s adoption and briefly the proniueni Oh
jectiuus which hal been urged 20 H. The report Which
s-ronlpancs plan worthy Of deliberate study That
paper was written by Webster and adopted by Forward
Tho plan itself was my own, and was drawn up At my
t--e ~ cose retirement vhir eliminating the work II
sEas presented 20 the Cabinet and adopted a Cabinet
nessure only suggestion Of amendment being urged
u.,on me- that adopted upon the condition that
skuud present the plan y Congress the alternative b.
BE adopted by that body either with or without the
amendment. as might see proper The amendment sim
provided the means Of paying the expenses BY sutho
atr limited dealing 10 the exchanges Agencies were
,-ed a. be established al the States, but State
tt.ftsd q the agency such State forbidden 10
Aange This provtso was incorporated by my
n. Ser she decision Of the supreme Court IN the
~ che city Of Augusta Earle and other similar
canBo lay my band the original draught prepared
by ny8 q, and presume banded over % Mr. Forward
Tlt srhcmc doubtless may be modified and improved
~ Cushlgs suggestions Ia the House and those OF Mr.
Tslmsdgc N the senate regard b. Il, are well worthy
90 Be b0okfa TO- Ny present impression that taking
!, sb reegury s basis and authorizing the issue of
erfsSsG G. deposits 70 individuals 10 the form OF bank
a. tes - denominations Of a. and NJ hundred,
~ larger SUES 10 be put upon the footing OF bills Of
ss ance for u issuing " which the stual premium Of
rana porthy Tece from one place 70 another should be
cleraed The oOuniry would have paper currency which
ouI DO IN roTresoIrative Of the precious metals
and xould ircuato all the commercial world In
Order - ret under way The government might issue
csrfcas.' " ~ erCofs taking care 10 place actually
t deposit gold ant silver 10 the amount q each
teeafe uss spe-ae Deposited should be- regarded ne
sarre for thc purposes ~ redeemng the cerncies when
ever f~csantsd. These certificates would bear pre-
ma m y the markets " The world, AM furnish cur
rencv ~ more value sn gold silver. because more
~sly TRANSPORTED about The only dan ger would be
hat a. banker would snatch them up for boarding 10
place ~ rd and SILVER The agencies might be the sub
,ycasures Inn o. cnnrse The government funds sEoud
~ keps eErey separate and distinct from The funds Of
privaie derreitars, exceTs a. suggested above The
Nssou,an u that day would repay the reading Of Mr.
IAfrs a. any Of the articles prgceedei IRON the great