New-York tribune., 1873-12-17

all that one would feel 1t very heavily. He
thought that such state OF Affairs as Is shown
by the Treasury statement should he sufficient to compel
the retirement OF Mr.. Richardson. and he wond favor
MS retirement except for the fact that thero was every
reason to believe o worse might DO substituted
o foaed the inat0nsts would have the naming OF his
successor, lie would NO most likely to
come from tho West. and 'ho thought tho
country should avoid imitation by all means. The
eas engendercd by the state OF the Treasury and the
snow OF force in the ranks OF the inaon,sts In Con-
gress had already gold up, and driving far
'her ana farther from specie payment, which o few
oeAsaSo we thought was almost upon u.s. lie thought
INC reserves or the sHO0 would be sufficient to carry
on the Government until the resumption OF business
and return OF "A fun revenue from Imports
Inc senior member Of another large banking house
'no"ght th"t 'e imposition OF the tax tea and coffee,
and probably several other articles OF general se
would be the most honorable though probably the most
disagreeabe way olt OF the difficulty. lie opposed
to initiation, and believed that it would involve tho
country In great danger The inatonsts In Congress
seemed determined 10 bring 1t about, however. They
would let loose the sGOoOODO supposed to DO st the
reserve vaults before the holidays. The Government
could easily borrow all 1t needed In wall-st.
The President OF a large bank wall-st said that
taxation was the best remedy for the troublea tax
tea coffee, and sugar, which wond bo llgnt ALL Bor
rowing was merely increase Of the debt and imitation
was simply an increase of values. lie hought the pay
mcnt OF the s00O0 Of 5s bonds due next month could
be very easily conpassed 10y giving bonds of
81 Tor them. People would prefer these to cash.
Tie Committee appointed by rne Board OF Managers OF
the Produce Exchange 10 consider the subject OF Ma
tonal Finance, will meet to-dsy, but Mr. ElsoD. tlp
Chairman, thinks that nothing dehnite will be done
or recommended. He tod 1RIBUNE reporter, yeser-
day. that three propositions had been pre-
scured to the Committee for the- condcration two of
which had been submitted 90 the Chamber OF Commerce
when that body was discussing the same subject. He
said that the subject OF National husnce was a largo
one, and one which he approached with awe. Ho
thought that men Who were successful in
ductIrg lnrge business operations, All
practically NmiliIr with tt5 details Of business,
ought 10 have, correct opinions w regard 10 liOnal
hnaDcos; but there were ,nany men around hin who
knew all about buying aud sailing Wheat, four
bacon. who would IN ike pnOr appearance at tCslcad
NJ the NatiUna Treasury H. thOugnt rcInedr FOR
The existing evils ought to DO Suggested. as the
finances, under the present and tho preceding ad-
ninisraion. had been greatly misnanaged. end both
Richardson and Boutwell, had shown themselves g. be
thri.Fate Tho policy OF inniLOn groatly de-
pored by produce dea'ers the result would be thlt.
having endured nearly the worst evils which resumption
could have brought Oh the country, business wOuld
again I've hostod redundant currency, and another
financial crisis would have 10 DO passed through before
"A safe basi, could be reached