New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-12

SENATOR Monu1L's Plan TOR '5r
sr9clu rAgNESTs, IN TIE sHH1'H' ,
--.....-1 w A-Nf- IrnNillut. INC

- hc., referred TO Tic Commute" on ''"'o """ 'o
tIoro rc,fcctcd. IL reaching pracL' Iem'"1 i' oo'
80 ee,is which servo at present to uaiac' '"c m'IO
% the iaGust,y o. tie people. have ial'' jill
a., o..,v Of the proposition TO do al ID proposes ~ WV
tts foce n it docs that IL viii do luuch. Il VIII IIA0
t,I,t, any Que ton as % tAe imprcguaoiity OF lAe
,ubIe futh. Itwiu silence tic Gcnagosues VINO l'0Vo
h,nt one currency for houdholdcrs ana cntapei one
Sor pensioners and day laborcrs u VIII eXl. 'lsh ty
fcaF Which deprecated paper MONEY brges ga bn ri.t
mate bas,aIOy aud dLo"lhflt by Us o"l ti, 80
work ~ Will make d. possible To august Ut t"-i Ty
fixed principles IL viii Li'ho our N"'oi.!l "'uAi ,
}@ e,i spcci lions Ahd last ard most ia
NCit C" ~ l, m once reducing Government cNpclU-
iiurcs ara tho cry for increased pay liAt! ~ ,,l.
iion ami by increasing tre productive 20 ~ IA
Try now held the fettcrcd save oi every IT, te IA
ION of thc world, il viii add untold millions 10 i'o -
toIHl wealth. u we would rcsuscitate ,IC 80. ilv
letUs give them sound currency Loe % ~ N" Inst
line world. Most UnqucStonahN lIls - .iIC in tllsWe
md HIGHEST duties az legislators. A"-'-''s "
shall IAN short attempt what We NAV, =
N.ti,i , M nave NJ. icd, had they not been We
ucSled SO % o0a or more than hail 81 ll We fol,ytyi
IN s5 5oa D, Se ref and sqobe must
now be granted u j. common CI ~ ixfjon. ana Lam
ooeu , ,y lar some from whom less Mppaucy might
5 so,s l xrece; 10 deuounco thu system Of taxation
to wlc6 congress esortcd in sudden and great emer
cencv ms bOl,rahlc' and even cNecabe' 4'c ~
That Ion yeats ITS great PURPOSE Of su1ans tI
background TIE tact that ia two Itais AMER ,,q
of he way. or from September Zoo S
ycducon If rates and the numerous eNemIicns St'eu
IT furnished means to pay S2ltls5iz zS ol ,o w b
is quite ignored The iact pa spite OF mo L9EH DSgcI
of coutnuous taxation aud the prodgous Wllnui""mY
labor TO the Held OF w I t tnr c ve' siccts,
i've ycars, is never alluded To. me lA'5 VA. ~,
W STATE bns ever complained ot inequality Is not
even mentioned. To be sure SOME Oi these l,V eAV
r. is Irofonidy to be hoped tuat tho country may leler
be 50 unfortunate as To Ice conf tllto 10 pu. ,i 90
,,vocfal rest The pTetclt Internal revenue Id", a.
TcTnlanent system, heed not le argued ds lc' 80
!CrrIs i'm anne o peace which may bc ic"oly eeen "t
n fef e.
vas succeSs though The sourcd passion 81 uS.UN"lN
Lowird then aud WiimpcrS now. Aier tihH.!P",lOH
dp,in this memorable cpCch there has been no H"it
done by COugreSS-ird Congress N'htu on W.. ,''lr
almost as aumt--which VIII receive more hNoi..y '
on IN future history But our rseHt 5ogGIe J., 70
tighten taxation, 1ls Is more pleasant Nue. %
more agreeable to our tOhsl .t' G ~, ,ci,, ~,
task o searching for Jew objects iroh WHicn 20 WIS on
increase Of revenue &u IEo iorI be- Wii not say
81 frroeiOus. but | viii say, as nave L'it O''.oNN
s For rsols and for small increase ln lie 0lly
something must he added but clChd ih"t V. Us
eS,, Is i'm almost every direction without hJmy to TIC
nnhlie service II may nc advisable To pay our lt',n
o one Who may be guilty Of fraud pccuiicn 10
tie cen provided Tor criminals WITHOUT DenOA' Vi ''is'
ara E beg gSnr dcpe Il Viii be 10 longer folly to strive to
Obtain Snch revenues as We may need from ala dozen
ticis The next Question Wllc secl5 ordained Ia NcA
fbe uublie Is that currency. 90 I"t l'Voa o
retire the legal tender issues and never Win mGie9ss
Ir rrcaIdlcss of the vast interests Involved, but Let
them W raised par and then retired WIeh no Io.sa
useful quie y but surely to Tie end IL may 20 SOrT
hut VI Al
value 10 gold and silver It's eltHe3t en- WI Iirc
been overcome. Give Tic country inc "inP'o L1-SSo
Scd law mo disaster hut rather BY great good 10 an
fhe business interests OF the country 4Ac ne sct4v W
noes NAV be presented to the Treasury 10 DO paid u
actua cash. Ii is imostait to TX by pVsuNe Ia" sun
currency shall DO hiadc tQuli 10
coiu IL ia the uncertainty shioUdins his POINT Vino,
creates the great disparity between all ai t 90 ~, ~
day of its passage the Inequality now existing btt"tt
et alfeuder notes and coin would gradually dulus aud
bx flet q
would disappear and COIN would De worm no iIoIe 'u
ahead as 10 give ample notice by which such preparation
can be made a. viii secure ihS COUNT on, s, , WIN
behold e lnetcs and bounds and could have that ioFe
til ~ All healthy trade In fact the general stagnatlon
in trade which prevails almost Wlcushont lhe Oiti
t mas Standard Would rot bring much any further
6 itjSn en- ~aurs Vie time is most oppOrtune, there
fore for the Inauguration OF the policy; 90 no PROF.
OF poet oucs To RETRO any cpsiueiaDe ahly't
tho icsuftvHder currency mat Is nov, IoiIals nUl
necessary bot do propose 70 increase IT, value 20 par
When that Is done, II there Is ito inuth culehey aL9'
the excess Will be very easily aueolOtu n nc ~
debt OF the United States. There may he unhdty 10
scSt 1r"poted ID, rot admit that It would be
best To try even though complete success soI fo' De
slightest apprehension about tie success Of any wecQ
sidered piai Of resumption our most pom
never more strongly fortified The wants Of the Treas
Ty coIpc MS 10 iaiItJu high revenue turff and viii
80 continue do for years This alone powerfully
tends TO check oyorrading. The demand for gold 10
pay for the foreign merchandise obviously cannot
be excessive willie such state OF things exist ana u VIII
grow less day by day le time alyes VII paper ana
coin shah he brought upon tie came level Importer $
could not fail 10 sce that merchandise imported with gold
very small premium must be sold az loss com
pared with that imported when god ara paper mQAey
should be on perfect equality We nave also million
half of stawaTt men just released nom war ana re-
stored 10 Tie lhdustHI 'Li.! llOl,s W ~ i,
large number Of foreign immigrants constantly arriving
These will increase American products Iat mere VIII
be less iced iurehasng tie products OF foreign labor
There II, then danger that imports VIII Dc bWeed 70
that exte likely 10 turn cxcha g.s asist US. Ol inc
other hahd our exports nave I"4s'y D'yn M " Hulo
lsing condition BY the report 81 The Bureau Or status
iCs preceding
August 81 1851 ~ currency value were S4'l20i OF az
the rate OF $s57 ,loj,092 per auuuul.
lMr. Morrill, here enters into estimate Of the exports
and gold product Of our mines, and concludes that the
exchange cannot be turned against usi
Any alarm the point about bonds being thrown
would appear that there Is nothing condition
chance turn foreign eAcuses aSaiSt Lc UnItd sttts
for time 10 This would he our grcaicat ddu-
ger, and think may feel that we are fully insured
against all peril from that direction There one item Of
strength OF peculiar aud marked distinction which de-
serves TO be overlooked, which Is that We may fairly
estimate annual addition TO our population from fo
eign sources Of 10000 ersOustle number last year was
32376and these estimated 10 brig into the country
money, amounting 10 the sum OF $2OCOJO0 II remains
July T. 1862 to meet the demands which VIII press upon
us II this blll should he adopted
Mr. Morrill, here enters into estimate designed 20
show tho present amount Of gold IN the country He
takes the estimated amount In 1850 adds thereto the pro
duct OF The duug years, and the estimated
amount brought 10y immigrants at SO per head then de
ducts the Of exports Of gold over Imports, ana
up as follows:
Amount Of gold aud silver hand in 10000
Products 1861 to 1851, inclusive t0OO00CO
Brought here by immigrants in yeals... lOOOOOOOO
Total......................... 100000
Deduct gold and silver exported . s3224Cg,175
Deduct gold ana silver exported
July aud August, 1S6I....-...-. 15935,s5O
Used IN arts and maufactufes...... 6OO0O,0O0
Balance OF exports from Rebel
Sot accounted for by travellers -''V''''
going abroad .........--.-..---. 20!OOO,0O0
IDc0untiefe accounts 0f silver and