New-York tribune., 1867-09-14
GEN Butler UPON THE FINANCES.
Gen. b. f. Butler addresses the following
letter TO the editor OF The Erening Post:

Gen. b. F. Butler addresses the following
letter TO the editor OF The Erening POST
correspondent in The Erenirg Ios OF sept g. signing
himself Hard Money Radical Republican, mas c0upieu
the views upon finance which cursofiy on,
forth in the speeches OF MT fenuIeo % " % U @
AT the time of reported conversation hau o. sen
Mr Pendleon's views and only resume or them since
The difference Nr Pendleton ana myself is RAD
ra and cannot well he overlooked without intellectual
blindness Mr. Pendlcton desires the Government py an
promises 10 pay demand without interest THAT H. legal
tendsrs aud force its creditors, by Understanding
sne oud st once depreciate The currency and would
be virtual rcpudaton winch have not favored anu uo
NV proposition is that the Government shall offer 10
the country new loan secured by interest IN curenG
loans shall be assmliaed so as 10 MAKE one
class OF Government securities only Instead OF the nlne
teen different classes aud with the proceeds
OF such loan pay OF highest class OF interest gOu
bearing bonds as they become due not TO increase ana
thereby deprecIato, the currency, but TO render
the currency and credit OF the government hore
stable and therefore all the more valuable Dy reducing
The debt bt reduction OF interest and increase OF tax
able property, causing our loans to he taken up III our
me- 10 foreign capital as we now do Of interest
exceeding three times what they charge their own GOV
To the assertion of your correspondent that "a dollar
dollar containing 243 grains Of god answer that the
value OF that dollar, both IN silver ana god, mas Dee
three times changed 10y the Government, ana that
dollar In silver dollar IN gold now Is not worth so
much the early coinage to cay nothing oi e6a'ender
dollars. A.. TIT. o.o,.o.
by fvewenty bonds is injured reply that propose 20
pay him when his obligation falls due In precisely the
vided every creditor public or private 10 De
paid in and that which IL declared upon the back OF
every legatender e may be paid m the best and
most valuable money which the credit OF the country can
sustain bearing relation to-day 10 gold as 1870 lOO-we
the money that these fyewenty creditors lent the GOV
erumcut being the best which the then credit OF the
Government could aoId d. stood IN relation 70 gold as 200
and 2s5 TO II the Government pays them In cur
reucy from 50 per better than they lent the
CovcrnmeDt OF what they TO complain, save that
the Government will not the people 10 pay them a
usrous share; or IN other words will not tax the people
to enable the capitalist % make speculation out OF the
| war necessities OF the Government
History tells o Government which has yet PAD lts
creditors all hey loaned 10 H. and thus made them whole
and doubt whether good faith, good conscience, or
equity require this Government It's creditors three
times what U received from them. with interest NJ hlh per
cent on the treble amount or course II contract 10
do that be shown thc shall have his bond, but not
! one drop of Christian blood"
II is not true that called for the ISSUE OF any
more legatendcr notes. TO take the place OF bank
notes Withdrawn from circulation. and thus save the peo
pe the interest thereon do not intend 10 argue these
! questions-Ouly to correct misrepresentation. neg
leave In closing repeat that do not propose to de-
precate hut to enhance the value OF the currencyn0t
to do Injustice the public creditors but to pay him ac
cordiug the letter and spirit OF his obligation ana 10
secure him from danger Of reputation. whlch VIII
surely follow attempt at enforcement upon the people
! 10y their own voice VI unjust and uneOnscionaDie
4 transaction under the gulse Of "a contract
| Washington, sept. l2 1867. BENZ r. bUILLk