New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-12-15

Thirteen Hundred Boxes of Sugar, being the cargo of
the schooner r. W. Godfrey. Judgment rendered in
favor Of the United States and against the claimants,
Messrs PlassaD, Aves & Co. Of Havana shippers to
August CouOurie Co. Of this city The sugars were
condemned in consequence of erroneous weights and
| grade.
The Rev. b. Sears Of Stanton, Va, general agent Of
the Peabody Educational Fund.- has gone to Texas, with
the intention Of visiting the chief towns that State to
aid in the promotion Of popular education therein.
| D. ~ Boyd, Superintendent of Stamps and Stamped
Envelopes at NewYork arrived here To-Day on his way
| to Richmond in official capacity.
THE ADMISSION OF vIRGINIA-THE GOODYEAR
| INDIA RUBBER CAsE--IMPoRTANT TO PRE-
| EMPTI0N SETTLERS.
GENERAL PRESS DIsPATCHI
Owing to the nonrecePtion Of certain printed doeu
the further consideration OF tho Virginia question until
saturday The committee have taken no action In the
In the Supreme Court to-day, the case of the Provi
denee Rubber Company ag Charles Goodyear executor
| Company, and the Phoenix Rubber Company On an APP
peal from the Circuit Court for the District OF Rhode
in the argument The case involves the validity Of the
extension Of the Goodyear patent, which, it is alleged
obtained by fraud upon the Commissioner and many
Instructions have been sent to the Register Of tho Land
once at AUSTIN Nevada that t is not necessary that
presumption settlers should make their declaratory state
Inens before the Register in person. as in sparsey
settled States and Territories would entail unnecessary
expense the settler, but that II is sufficient and proper
their statements witnessed or certified TO by any
officer competent 10 administer Oaths and transmitted
TO the Register by mail by the hands OF trustworthy
agent the settler being responsible for it's nonrecep as
tue decarat0ry statement does not become Vad until
received at the proper land office. ,.
claton was at the ONCE OF Internal Revenue today ana
made an argument before Solicitor smith and Deputy
cent orders from Commissioner Deano. concerning the
use OF stand casks and the requirements Of compounders
| and rectiers under the laws.
| GEN SPINNER ON THE CURRENCY QUESTION.
WASHINGTON. Dec. H-The following letter
from Gen Spinner is addressed to John Elwel esq Of
TREASURY OF THE UNITED STATES
WASHINGTON, Dec. IL, 1863. 5
DFARSlR Your letter OF the 28h Of October reached
me the st Of November last at time when was
suffering from painful sickness sand and immersed over
statement the Secretary OF the condition Of the Treas
ate attention You say 80 many good things ana true IN
your letter that regret my inability 10 give my assent
o the whole There several propositions In 1t from
when candor compels me 10 dissent In toto.
You say that by an Inoonyertibe currency you mean
that Is not made convertible by statute law ana that
you would have IL convertible voluntarily by natural
law. Any having specie would freely exchange at
for paper having the same eXchangabe vane as
the other aud that You say In exp anaon TO the follow
passage In your letter 10 me under date OF September
g. 1869: 81 endeavored 20 show tho great superiority OF
unconyert6le To one that Is conyertlble ana again.
eeavOred 20 show how TO bring the currency TO the
h0r and ,-houf any drsfr6dnce O The business OF he
country" When Ia my answer TO you under date OF the
brou ght about should then know that the philosophers
had been found that tho discovery OF the perpetual
out OF nothing very far of intended no disrespect
either you personally or to the startling theories IN
PLY wished 10 express dissent in strong language.
Some great aud good men have honestly believed that
80 would be- best to abolish all laws for the collection OF
| debts founded contract; and have adduced very
plausible arguments In support OF their Views yet not
single commercial nation Of tho civilized world mas
venured 10 try the experiment your theory goes Iar
beyond this You would compel the creditor to receive
payment OF prior promise OF his debtor TO pay In money
Thsse schemes have been tried and again. IN
all manner OF ways and at all tines since circulating
medium has been used In commerce, by individuals by
companies corporations and by nations yot so far as
heard, without exception, they have been
failures. .,
Gold and silver, and paper currency that is at all
times. at the will Of the holder. convertible on demand
into CON- the only means that have been found uy
10 answer the purposes Of good circulating medium,
and the same time stable measure OF value III com
Yen sayif the people Of this country prefer using
paper for time, all that Is necessary 10 make It's e1
cnRngeable value equal to specie Is lol uovelneht 10
issue It, make t legal tehdel u,e IL d. money ~ iss re-
coipts and disbursements. and limit s amount 10 some
thing less than our proportion OF the currency oil the
Now this is lust what the Government has been doing
originally as "a measure-and Is still doing, as u be
heyed by many, In defiance OF tue SGhsttuon 9i ue
United states that the war ended and the neces
y has ceased And yet know or no one 80 green as 10
voluntarily exchange MS god ana sllNer iOr te nsou
yerbe tender notes OF the Government except on
svaee Of little over two monhs-from the 2J Of Sep
TENDER ast-ranged from 20 TO G5 per cent NO cohuet
countries will be able TO stand such fluctuations OF the
currency for any great length Of time commercial re,
yuslons and universal bankruptcy VIII, under sch
state OF things become the order Of the day all legtl
mate traffic will cease and speculation II not fraud ana
swiudle will take It's place Coin only as the basis ana
constituent part Of the currency, can correct the eY
Gold the currency what the balance wheel is 10
watch what the governor Is to the engine. - -,
You say, while our paper money though al legal
tender OF proportion OF the currency o.
the world il will be deprecated. Whatever the amount
paper 1t is only worth In specie Taa our
has no
the amount OF It's paper currency IL Woud De ulncu
problem to work out and ascertain our @ E ,he
worlds currency. Paper money can only DE used Ia tno
country that issues TO- The balance OF trade between
countries cannot be adjusted by IT, Com on tue con
trrv when the true proportion IA destroyed flows from
The Countries where il in To those where 1t Is
needed and so the proportion each country comes
ITSELF by natural ia"s' ana INC equilibrium ~ on'0
The late Secretary Of the Treasury with large major
tv of our peope AT the me believed that by REDUCTION
~ the Iega tendcr notes 80 bring the amount OF
money nearer what mixed currency WOuu Do a,ol
rcsumpton of spece payments and TO your proposition
with The rest OF the world these notes would mmedl'
atey appreciated and that by continued reduction OF te
amoun Of such notes. they would by degrees come up 10
the mar OF gold In the face Of all hls efforts IN that dl
recon the legal tender notes deprecated congress,
Inv law prevented the further reduction ana ny TINS nc.
e1deayored 10 your proportion with the resi- OF
the world be 1856 100000 Tho efforts OF the t9n eC
retary were wight far they wen they needed Dus
the one element 10 success to w.t. the convertl4y OF
the notes cen. Paper money no matter wnas , i.o
Line may he will always DO the equal OF coin Just 50
long as II can any moment at the option OF te node
on demand. be converted into gold ana ,i5 Td nt
true that any paper money, although IL enouu no' eA
coed one per of the coin OF the country at IL oe
so convertible receivable by the e sf nap
equivalent never sustain us iace 'aiuo d" par
Nn,Snr can be- truer than your proposition that the
e - nronerty ia always in proportion 10 the amount
~ money In circulation" Yet 1t seems TO me that u Is
m direct conflict with the propositions that nave peoIo
nnoed from yonr letter II il for the very reason as
stated by you, that political economists nav o
han,d he of a kind whose intrinsic Nane cOuid not
Greatly nuctuate that in It's character OF VI
ali other commodities would not suddenly ehaIge or
| dminsh lis capacity The ssuers OF an lrreueehspe