New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-11-20
OBSERVATION-DISCLOSURES.

To ire Editor Of The NJ y. Tribune
SIR: give you undue credit for financial acumen
you do not that IL not much owing 70 euhuan'
currency that the high prices of which we complain prevail ~
is to habit which has become chronic OF putting On large
profits for labor and all the productions OF industry Inc cure
for hisft need one which is questionable "a a'o' 'V
ddng and lower casses-s to stimulate tho industries and
producing powers OF the country by keeping up an even ana
easy money market until the supply OF commodities ela"
the demand Even the suggestion made by you aVong the
idea OF an immediate return to Specie Payments Is piap~s
and crueland cruel as 1t is needless threatening
what seems 10 udicious to DO at this time 'mpraccaOe
your. ,rnlv SMUs Poruu
Remarks by The Tribune.
I. If our correspondent thinks he makes anything
by asserting that the present high prices are owing 10
a general grasping for large prohts' ana not 10
redundant currency be 1t; but he seems 10 US only
to afford fresh exemplifcstion OF John quincy
Adams's oft.quoted lines
And II we cannot alter things
By job wen change their names, Sir
The source of our business perturbatons and lnfa-
lions is the fact that dollar is no sum in particular
but, after the simude of Hsmlet's cloud, is almost
ANYTHING you please. Whenever dollar shall come
again TO mean dollar that fact will be found great
check to those flights Of imagination in the way OF
prices whereto milkmen and bootblacks are just as
prone as pork monopolists and grain spectators.
H. Our correspondent thinks the real cure-If cure
there should be-for initiation. 10 to "stmuiate
the industries and producing powers OF the coun-
try" Why, you innocent soul we all know TINS
But you think industry may be stimulated by making
what passes for money plentiful and cheap-and this
is true to limited extent-but you don't get boys 10
hoe corn for even % per day when they think they
can make So 900 by flying their kites in Wai-street'
Our cities are all boated with people who ought 10 De
growing corn and tunips but who will not believe IT,
because they choose to hang on here and "take the
chances" of boring worrying some one into giving
them place or job whereby they can make money
fastor or easier than by farming. The health oil
the body polite absolutely requires that few hun
dred thousand of these should be starved back into
the oornfelds they should never have deserted
III. "salus" thinks the bare suggestion" of
return to Specie Payments "paralyziug and cruel"
Well, what do you propose to do about 1T We VINO
differ from you believe our views as right and import
ant "a you believe yours. We hold that our present
inflated irredeemabe currency is demorallzlng our
people, damaging industry, stimulating balelul spec
uaton, impeding tho construction OF railroads and
buildings, and hesping up mountains OF debt abroad
through the expectation of our National obligations 10
pay for lu1uries and fpperes that we might far bet
ter do without DO you think We ought to stiiie our
convictions because yours are different III not what
arc you driving att
~. We cannot find room TO repeat arguments IN
favor Of currency equal in value to the silver dollars
and dimes it puports TO represent-equai to real dol
lars because readily exchangeable therefor at Par-and
il does not seem TO us necessary. We offer the
Multiplication Table the Rule of Three, and the
whole Science Of Numbers. in support OF our position
If these do not convince you pray procure and read
Mr. websters two speeches Of lsl5-l6 in favor OF col
leoting the revenue only in coin or its equivalent
Nobody attempted to answer HMM their simplicity
they did not suppose there was any answer TO tho
proposition that twice two make four. ii any one
will try to answer those speeches, and thinks he has
succeeded, we mag look to il there need not be
something more said on side OF the question.
Until then, we stand on Mr. Webster's logic as I'M
ansWerable