New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-26
DELFT OF POLITICAL DISCUSSION.
FINANCIAL PROBLEMS.
NO TINKERING WANTED.

We do not approve of the imitation, by
drawing the 600 reserve. which the Secretary
Of the Treasury has been INDUCING In 1t departure
from the avOwed policy. We think Congress ought Mt
put stop TO it, II has already raised the price
OF gold two three points, and the effects will be
seriously felt reeedes because of the withdrawal
OF the currency which Mr. Richardson has improperly
thrown upon the market Yet, the oense ought not 10
be tolerate the evil ought at to be corrected
Either expansion or contraction would seriously disturb
legislators will suffer themselves TO be bounded into the
the othsr ON the snppostion that tho country
not pelicve far out OF the way in saying that II
Congress would at adjourn until December next,
enterprise would he strengthened fully 80 per cent In
the absence of such adjournment Congress cannot do
better thing than 10 at once give the country the most
emphatic assurance that will not tinker the currency
In any form during the present session.
A CRIMINAL WRONG.
from The Sprtsyfsii n publican (InfD
We protest against any imitation or the
currency ALL TO the extent OF the lcgazation OF
the issue of the 81 900 OOO which nearly out As
the note half OF paper money is redeemable by
the greenbck hail. this issue pats us practically IL per
S pe9 mere to that Volume Of specie
which at length resumption must depend. ~ =, IN
worsenlng condition and pling up future bank
ruptcy for capital and poverty OF labor: wne no, 80,
country back to "a sound financial basis Rather man
the currency inflated we should take some OF those
bonds which have been buying back to Wall-st sell
greenDacks and Ourn up enough OF the
to equal the portion of tho reserve already isseo We
better afford to pay or per cent interest on TINS
amount tnan TO put it In circulation to the Immense
arrangement OF business. the imitation OF speculation
and the breeding Of pinlcs.
WHAT INFLATI0N WILL DO.
From IN Isdigndpohs Journal tRep)
Under the lead of such Senators as Morton
and Ferry OF Michigan impracticabiles of sumner
and Schurz be overcome and We shalt secure sch
relaxation OF the currency as VIII send the e-Doot
bounding through the halflardyzeu VEINS Ol
the country IL little more effort, and an active
warfare both IN aud out Congress. Tne bOndholers
aud the graspers arc ever the alert But we are on
the homc,stretch and it behooves the friends Of a
currency to take courage ana hou up tno
banis the Congress who have undertaken inc
dfjrt task OF overcoming the overreaches and dryas
dusts OF tue banks and studies Of the East.
THE SENATE The GUARD AGAINST INITIATION
From 1Ae Detroit TituR. (RpD 81,
The pending debate in the Senate upon the
finances shows the gratifying fact that the aDicst anu
most Influential in that body, representing app
rently decided majority in plumbers, are Opposed W
any inf itlon OF the currency. TDis news from tne
smaller Con gre sona body IL dOubly gratifying, pc
cause IL is evident that 1t is to tae Senate ta we mus
look for protection against wild financial leBisation
The action Of the House the currency question has
been so inconsidcrate manfesty INCONSISTENT WIN
Itself and so utterly hahaz and reckless that Lhere
is no foreseeing what it will or Will not do.