New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-08
The Governmcn, Finances Specie Pnyme.t-
LEGISLATION.

LE6lSLA1iON
To The Edio, u IN. ~ y. Tribune.
SIR: 1t is Of incalculable Importance that Con-
gress enact such shall the determination Of the
Government 10 provide for its debts they maureto
sumo specie payments early day-tO maintain specie
payments after resumngto take exclusive control over the
currency countysnd provide the country with
abundance paper currency and maintain at the specie
standard
TO accomplish bl. the following be demanded
declaring that specific contracts for the
nothing but coin shall legal tender and authorizing such
be made when the Government " party and
the interest convenience OF the Government VIII thereby be
promoted.
Ths would all doubt the right to make coin
made.
Second providing for Of gold certificate. in
gold certificates receivable for all Government dues and legal
coin and on contracts expressly payable coin and except
where this other paper currency redeemabe In coin pre-
This act also 20 provide receiving and bullion the
Treasury and at every subreasury mint assay once and
Government depository In the country in exchange Ion these
certificates portions Of which 10 be made edeemabe at each
large commercial center in the country.
these and declaring that on ,9eh
This would open safe depository for coin and bullion within
the reach OF every party Ia the country concentrate large
ready the demands Of foreign while
ITS representative in the gold certificates would be in use In
would demand for these certificates Such
them reach the Treasury any way other than pre-
thus part supplying the country with permanent Of
paper convertible pleasure OF the
holder but THE does not fully supply wants
Third An act providing for paper
all the usual denominations 10 he prepared complete for
culatob by the Government 20 lie redcenabe IN de-
maDdpoioDs at each commercial Government
TO be receivable for all Government dues
throue the country except The specific
delivery ~ coin and contracts expressly payable
in gold certificates and except when this paper cur
reBcy redeemabe IN coin presented for redemption
Furnish this currency tor circulation to banks and other,
upon the deposit OF specific class Of Goycrnmer, bonds 10
he hereafter ssQeddOr in suc bonds value
dollar currency iurrshed-tbe bank party go taking
the deposit also coin redemption
the in thus assuming there dempton OF
the currency but oay sufficient in order to induce and enable
the Government regards
time Of payment and rate Of interest
Commence furnishing this currency 80 soon as the
can be ooDeiedequlre al ffst bat dollar in
bonds dollar IN currency and - per coin redemption
fund When the coin below tn standard in
OF TedenpOns require % cent until the
below g. cent q tie qnreIHt aud at the tine
call for cent additional from those who have
ady taken currency and the CON deposit run down
require per additional coin both from those
who took aud from those who have taken currency until there
nsh currency but still call for per cent
additional coin every days from all who bad taken cur
rtDey until there cent in coin M The Treasury
uon the currency outjee steps the calls for en and mr.
nh new Issues Of the cent o. coin then
reached and as coin increased lessen The reQuet and re
turn coin by the same rule reversed
While the full coin redemption ald the Treasury oher
no interest Tor the use Of coin for this fund when tie
bee~ 'ne sssdFG oneT spse,a ISSUE Of Resemos CtHN