New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-09-28
4 GR1NGERS NOTIONS or BLINKING.

A PAPER CURRENCY WITHOUT A COIN BAsls-No
MORE MINIS
TO the EditOr OF The Trtbuhe.
SIR: | wish to present what l call the
Changers plan OF banking:
Fora tlaGicking people like that OF the United states
a circulating medium is necessity, III order to iaeil
tate the transaction of business
H. This circulating medium should be something that
il current in all parts of the country among all OF the
peoule. and it will be proper to call 1t currency.
III This currency should DO made Of some material
that Is of little value in ITSELF that it is lost In any
way. there will DC a minimum quantity OF human labor
wasted. and il must be light and easily transported
fran, Mace TO place with facility and little expense
~ The value of this currency must depend upon the
honor and ability of the party issuing It,
Paper properly executed, will answer the first three
Of these demands.
VI The people of the United States able to fulfill
the conditions OF the fourth demand and be great
GAMERS individually and collectively. But the question
is, How shall it be done
VII The Government shall make one uniform cur
rency Of convenient denominations for business ana
eSo6lsh hanks in every State and Territory ACCORDING
10 the needs the people, where ms currency eau nc
obtained by those who give the proper security ior 'no
VIII This currency shall be lent to every one who VIII
give the proper security, and the interest sha no pe
6vr fonr per cent per annum 10 begin with, and ne
Sradnay reduced as the Government gets out OF debt,
SO as to furnish only revenue enough TO pay the
OF We THIS currency shall not be called in until the Dor
rowers wish 10 pay it, provided the security Is good ana
tie interest promptly PAID -, - 4. 49,. =,
x This currency shall be lawful money TO pay All
dents salaries fees, taxes, &c, contracted after the
HaDking bill Is passed, except Cusomh0use dulles,
Which shall be paid in gold until we get our gOd ueOts
nd I'm fun then gold aud silver shall become cou-
tpnodities I'm our markets like other metals
vi we will dispense with all OF our mlnts except one
Which we will keep to coin gold, II 1t Is necessary
~ nav our debtsthat call for gold COM ana when inc
eoid debts already contracted are paid we VIII contract
no more then OF course, will have no more use fol
Any person can change this currency into United
states bonds which will draw about oneeighth per cent
less interest than the Government receives for cur
rency. -, -, ~. ,.o,o nor,os. a.,
will give every person equal chance under tne law
viii help the Government pay It's debts help many
family IN moderate circumstances 70 give thelr chuten
a GOOD education at the proper age wthout Dnruenng
Themselves with too much labor or ncumoering thef
nroperty with oxOrbitant interest ana sudden payment
In will nut an end money crisis VIII place interest
an such basis that there will be no need OF any usuIv
Laws II will induce many private bankers 10 invest
their money In such manufacturing establishments ~
we need and numerous good results Will follow IL VIII
ace the country aud the people on the lgh ROAD 70
nrosuerty greater and moro permanent imam ever was
Enon In any other country Tile laws against counter
feiting and all kinds or thieyiDg must De b9en oic
severe. -. ,o,, NN
PelaJEna, Cat, Sept. 10, 1874