New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-18
nov 10 EEVIVE TRADE.

A LETTER FROjI P--E9 COOPER CONCERNING FUsi'
NESS NEUTRALITY-SUSPICIOUS. OF TdE PEioLNf
CURRENCY wIsE-MAKING HE LEGAL T-AD-i.s
RECEIVABLE FOB ALL DUTI.-s AID D-yAs TAI
BEST POLICY FOR CoNGEE,s
TO the razor Of IAe Trtbune
SIR: l recently published letter IN IKE
TRIBUNE. In reply TO connuuicau'b from ihe boa.
Charles O'Conor That letter was written ~ Tic Aop'
OF fixing the attention. Of tIe American people 81 =
united rt 20 find the causes tia have
operated efctully 10 pIraYze and dera"se Hi no
diversified industries OF the ration, and tat % ah *
tent that has shrunk Of properly. Ihd real
estate canuor DO sold mortgages obtained on II ior
much more than one-hait the amount that the Same
property would have bought TWO years aoo
believe have shown II tlat letter tAat on the day
that the Constitution OF the UteI States vs. Ad'p
IL was made the first and most Important duy ~ the
General Government e. estADlisl jL't s's.em Oh
money we CATS. and measures The only meals ny
winch tue general welfare II natlOn can be cf't-
ually promoted. 1t forever regretted that oar
Government allowed banks to cOntilue to I-eue
bills OF credit IN tue shape OF PIC dres caei money Ia
open violation Of constitutional OJg tu0n ILat
currency allowed 10 continue until our government
as a war measure, was compelled ~ ASSUME Is r=httli
power wnoie currency % tAe nation anu IA
stead OF the local bank currency winch Thomas rsOn
said must De suppressed and rue circulation res.OeI
10 the nation 10 wAO 1t belongs -usted o. tiiAt cHi-
rency our Government WAS compeli7l, as war ucas-
ure to u legal TEND paper money IhAt has proved
10 he the best currency thlt ths country AM GjYern-
ment have ever pls,essed oar legal tender n0"e' hIs
not only saved nAtloI's nte-.1 mas, II addit'oA
enabled the Government 20 pay Of larSs par o. tAe
nations Debt 10 intro iucuOn stimulated lac eh1"u'
sasm OF our people and Called OrA power tAAs -'.'
astonisEed tue world.
Dur,u tn session OF the Congress OF $50 had tho
honor send every meA.bc. o. tue sena.e i- A,'1
Of Representative PLAZA Tor the establishment ~
All c.trucc Las SHOWN "a ic llr
best that country has ever Possessed. l. o1D r.
CURED an Of Congress declaring thAt tao ieSN te"
ders then In circulation should never be Increase" or
diminished amount only per capita with tue lh-
crease Of inhabitants OF the country l. WILL now oay
require an OF Congress make such currency Is
lust ana permanent measure OF the value OF al prop
.rt7 and Labor a. the yIrd-stick pound wel-A -
money weight, and measure must always exist Dy Gov
crumena authority. To mako our present regal 'e"e''
the best currency Ia the world. VIII only are tnAs
Congress receive the legal eLdcrs n payment 81 a du
ues and debis with AL an unit OF added tAat
will be equal the prem that gold has borne durias
the month preceding maturing Of Ill Contracts. rais
alan will max. II the interest ot ever Man 70 uri4s
.ol tenders on par with gold The shortest possible
time
All must how efiectualy such currency. secured
by the bodied wealth or patton must serve tn ~
erests OF by It's un ormiy IN value, based A'
Il would be on credit Of the whole county. ana IeI
bound would De made 10y solemn ACT &" NOA-lcsS'
never 10 be Increased diminished. only a. per capitJ
with the increase OF the inhabitants OF oar country Inc
interest the whole auoIut " LEGAL currrLcy th''
would De saved by the nations credit should DC hed
rediy pieig ii. and annually paid toward the eSDe
tion OF the National dsOe such curreney' CeinE
mortgage on tie whole properly VI tho
country, would in short time appre-
ciate oy Its convenience aud safety to 1hs
value OF gold, l. all In Venice FOR some 80 years
where a government bi showing that the holder was
entitled a certain amount OF gold was foini nors
valuable than tue gold itself TIE people found thif
they could afford to pay the Government for tahin'
charge OF their gold, while bills In evidence OF tDrii
ownership passing freely In the operations VI
trade In plans for regulating the currency o. ou'
country that had the honor send D 1862 10 every
member OF the Senate and House OF Representaye'oa
the United States took the liberty o; saying aud sho"
ing that a would IN harmony with tue
" to make all laws that shall be ana pfopc
for carrying into execution tho foregoing powers 'n
ali other powers vested 10y tins Constitution IN iho u
eminent OF the Unlted States. any departments VI
officer thereof"
IL should be remembered that orr country has heeu
Drought into al ARTIFICIAL condition OF blgh pm"
era Government ami hold the entire contsO U
all that has allow circulate - money.
aus failure has brought our country lnto eouoI'S
absolutely dependent on revenue tar II 10
dversned labor OF the OF which tine nation"
wealth Qiust alwals derived.
The Chpese protect their industries by the snaiihe"
OF the amount gold aud used ss their measure
OF value have gone 10 the other by usibs
paper currency that put the prices of commodities
same things. aud mas made - tariff Tor ahs"
uteiy Indispensable II W. mean pay the NsilonA
debt PkIEK CVofSk