New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-11-09
A Fatal PREFERENCE.
THE LECTURE ROOM.


In PlimptOn Hail. last evening, Wallace p.
GrooIn delivered lecture before the Liberal Club, on
Currency" He said among other things, that there
was no subject Of secular character of greater in-
portanoe 10 the masses than that OF Currency In the
Iegalender notes-thOuGh they imperfect not be
ing full legatender, lacking also tho important ee-
of reciprocal conversion with Government bonds
America had better currency than any nation the
face globe, Notwithstanding that fact thousands
o honest and intelligent endeavOring TO turn
the wheels Of progress backward clamorng for return
TO specie payments without giving valid reasons for pur
suing such Personal experience, careful
observations and reading OF history relative to the nu
effects produced by huctuatnR currency upon
pecunary Of individuals and nations the
lecturer said, had led him 10 examine many leading
works pOlitioOecODcmca questions, and finally had
forced him 20 adopt the following cornelius That in
the nterchan geabity OF national paper money with
Government bonds bearing fixed rates of interest there
was principle that would regulate the movements OF
finance and commerce as accurately as the motion OF
engine regulated by it's governor. such
paper money tokens would be perfect measures
value than gold and silver ever had been OF ever could
be. The Of gold as money was barbarism unworthy
Of the age
TO issue paper money Tat a. was unconstitutional The
Supreme Court had decd ed that question satisfactorily
Gold was article OF merchandise which IN Waist
parance could be eorheTe1 more iealy thsn ssocAs
bonds wheat, other articles Gold had 80 fI depre-
eated in value, compared with other products OF the
Onehaf the amount even OF farm products that II would
"A n,
immensely changed IN value since the iogrteehth cen
fury therefore II could not be true standard of value
All that required 10 secure 10 the people
= perfect onrrency-whlch gold never had been
was. that the Government should Issue paper
tender for all debts, public and private, aud that the
amount OF such issue snoaIa 1g 10y nnd
bearing interest at 6l0O per cent per annuln The
the direction Of the people who him through
Congress. For almost every class Of manufactures u
was positive necessity that the motive power should
Ice 80 adjusted as to give steady motion. Too much
speed would be detrimental; too slow motion would
fail % accomplish the work
EDMUND YATES AT ASSOCIATION HALL.
A large and intelligent audience assembled
al Association Hail, last evening listen TO Edmund
Yates on the subject of Good Authors at Discount"
In opening spoke Of the desire for laudatiOn
which possessed every author and the fancy OF each be
be great small that his merit s not fully appreciated
Then telling the pleasure OF young writer at seeing
bic first article 10 print he depicted the anxiety with
which he awaited the publication Of the periodical how
eagerly he seized upon a copy and deyOured its con
tents, aud how lac imagined himself pointed out wher
ever he went But this feeling
on Literature, TO the professional writer, much
drudge law medicine 10 the lawyer or physician.
His copy must be ready when required. matter
what his mood though he may he most ndisposed
10 write Appreciation author did not necessarily
mean being extensively read and lauded for many
greatly appreciated who really known 10 compare
lively few To be appreciated, author should not
sOaT ,be claimed Dickens ~ 50 popular because nus
books touch upon the lie OF the masses, reaching the
hearts OF all TennysOn, however, he deemed 70 be
really unaprecated by most people though 80 widely
known and admired and loved This he thought, be
cause his writings too deep for cursory reading, IT.
ouirng more time for study than the busy life OF
could spare. How much, he asked, Is known OF Edmund
sIenser And yet his poetry IS most fepete WITH
beauty his Tytlm and mOdulatOn are unsurpassed.
Milton. Byron, COleTdge, and many other distinguished
poets, had paid high tribute 10 his pOetcal pOWerh
lie had Often, he said found beautiful examples Of
ecated poetry among the ola D0Ok stallh OI
London where they lay unknown. He cited the case OF
John TObn, showing how he lived unlOved and uncared
FOR been dead several months before bis germs
appreciated. Having taken OF bis dramas The
Honeymoon" the DrurY Lane Theaer for exainina
Death when il was found he a piece OF great merit
and had a Of 40 years. Mr. Yates quoted strong
passage from IL 70 show the authors power. Mr.
Kingsley, the noted novelist and cOntrOyersilist has
also charming bite OF which very little
Reading one of these aud contrasting IL with
piece OF ThackeTays, he showed lhOw the
subject may be treated In two different ways
10y two different authors, MI. Kingsley's be
ing sad and tender, while Thackerays was
he said had been for years unappreciaied and looked
,iuou as only o buffOon But one day the Song Of a
SirtD awoke the world, and 1ls merit was Immediately
fr0uiz.d also mentioned several other poets FROM
whose writings he read very striking passages In
c0euslo he claimed that authors, both Of poetry and
Of urOsc were earnest striving men, contributing
10 the Lapuiue-s and welfare OF mankind; yet The dis
cOuf eeneuts they encounter many, often driving
tHein 10 give up despair He urged al % think OF thus
and aye AID aud cheer 10 these struggling ones. The
lecture lasted an hour.