New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-15

80. 80. rorst be a high one and the dignity, credit,
,rstice and other advantages. collateral TO the hoons
nj the Government account abroad will be suinceHS
,eeomuense In places OF minor Importance nKea anu
ifr aIlo vance or salary would cover any dinerence
In the appointment Of these agents abroad the oo'olh
ent has TO 20 over the ground as is Foreign el
ebankers their circular credit systems anu 'ne eA
,ereuce should be avaed Of In this Sir you can count
pon their cheerful and gratutous coopersuou po'n !"
Paris and London In which two points alone those sys
sens center and are directed. This cooperation might
take the form of Joint committee and thus aVoiu all
preferences.
such a committee would at once possess great dignity
aud power TO aid the Government
IA l. likely that the Government will receive apparently
snerested offers aid from many quarters, as soon as
.ur strength and acknowledged; but 1t VIII not
7e strange it, close inspection, they discover some
scheme FOE personal profit bid for the Government ae
count and its pckngs They will all fail for if money is
70 he made the Government should make it; and again.
there is no reason why these Government agents ABROAD
should no better paid than its officers ct home
UNITED STATES TRIPLE CURRENCY ooNsoLs
These United States Triple Currency Consols would
circulate around the world anywhere on the line OF
the telegraph and We should have hard work TO keep
ghcm at home.
The policy o; making our bonds coupons payable at
any particular foreign point has been opposed and with
pnarent reason upon grounds of distinct nation
atty and that IL would lower national dignity by
4acy and officially concedng the superiority OF other
money ceners encouragement dsavOwal OF our
own. Net our bonds tcM 60 abroad, and one great
problem has been how to prevent them from derang'
Jug our nances coming home to their place OF pay
rneu too abruptly in undue quantity In time OF pub
JIG cOmmotion here or In Europe.
The above policy expressly designed to meet and re-
coucile these conflicting points: for, by making the
bonds and coupons payable at our Government SUD
treasures agencies in all countries and in three curren
sics we shall lose prestige, while shall gain, with
other things greatly increased steadnes in their cir
.cuation.
They WILL Of course tend to remain IN any locality
they may be negotiable or payable without Ioss
aud. located investment, they Will thus as
rue have no temptation to except with their hold
crs. which is not Objectionable. Their whereabouts
when desired, will be In time more or less accurately
known by coupon reports from the different agencies
The only couneraeting influence would be their pOpu
CARLY as medium Of circulation, arising from thelr
Availability in this international characters but TINS
quite well for US In other ways as ~ wouu
add immensely TO our commercial prestige, and hasten
our day If financial control
OUR NATION NOT LIMITED.
five we're distinct nation like tho English French
German Russian, Chinese, the exclusive policy might
furnish grounds for criticism plan. But Ma
lion is a distinct one, nor even originally so, ana
therein great element OF our strength ana source
OF our true pride it Is composed Of all nations and we
invite count upon all nations to Join us In the deVei'
opmeut of the great Of common country.
Upou higher ground IL We use and benefit by their
money at fair rates why should not consult their con-
veuence' We know that our bonds are now, ana VIII
hereafter LARGELY bought and held by our own eiti'
rens and their friends abroad who have returned TO
their native lands with such high faith in our eountrys
honor and that they only invest themselves
t induce all their friends invest In our securities men
who have been born naturaized among us, but are
withdraw and detained elsewhere by obligations OF
duty family or health. Some Of our wealthieu citizens
are thus absent but they do not for that cease TO be our
citizens heart And many more whom local Oppres-
-ions make anxious join u.s. but whose ties withhold
them are with at heart and earnestly watch our vel
fare for their ohldren's sakes.
We are Cosmopolitan Nation, and should throw aside
all sectional preudices Our citizens all over the
world: should show them that We are ready to
protect aud favor them wherever they may be.
THE UNIFORMITY OF cURREScIEs.
I the matter OF the unifeaton decimal assimilation
OF moneys as recommended by the International None
ay Congress Of Paris during the Exhibition OF 1867, the
action Of Congress is urgently recommended.
The present Mint value of French Gold 1e $40 cents
tothe Franc and English Gold 81 to the Pound ster
ling.
How much win ali this be smplifed, and how much
labor time and trickery win be economical when, by
change easy for 70 make the Franc will repre-
sent just cents and the Pound Sterling after the slight
reduction proposed by Chancellor Lowe, will represent
Just We dollars, OF twenty-five francs.
The u g. Triple Currency Consol OF $1,000 would then
De everywhere at a2Oo Fs 5000 actual par
This change is to be general sooner or later and
should be anticipated by our action.
The simplest way would unquestionsbly be for Con-
Cress adopt that policy simultaneously with the action
upon our finances IL would do more than anything else
facilitate the currency not only OF Government but
of all other and future bonds the Continent and would
neeessae the same action on the part OF 0her countries
# they would retain their international commerce.
should but precede England In this: for the motion
- noted come before the next Parliament; and we
should precede England in progressive measure OF such
high Importance, " we mean to compete with her at
and San fha
.ances IN the East and West.
OTHER SUGGESTIONS.
suggestion has been made that the Treasury oeers
should he authorized loan their gold deposits call
the mercantile community for paymento duties, upon
pledge Government Consols. II lie evident that what
the Government can do with proprety 10 aid or
facilitate those upon whom its heaviest tax is laid,
protect them from further imposition its account
should be done.
Another and more important suggestion s TO add 10
the Registration Bureau Department the Trust
post Of Consos and 10 legally authorize such Deposit
sud Trust for any time within the term OF the Bond
thereby enabling Donors Testators Trustees, and all
public trust officers whether OF the General Government
of any State or Corporation 70 dvest themselves by
legal authority, Of irksOme responsibilities.
The Government might thus fifty become the trustee
and protector Of its helpless citizens
OF Oyery age and sex.
This idea may be, for unknown legal or other
reason. impractlcabe but surely nothing could give
strength TO the Government satisfaction our
people, and no other would pOpulaTze
and absorb our bonds at home. r..H .f
These aud other features will arise TO aid the
circulation aud popularity Of the bonds and 10 will
soon appear how little cause we have TO fear any
unfayorable result Of this policy.
POPULAR LOAN AT HOME.
first issue new consols might be Of onethrd OF
the entire amount say tsOOOOo,OOO Upon the opening
ia haIfo hat alaollv