New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-03-25

We are reluctant TO surrender all nope tnaC
the injury which the House of Representatives,
would infict on public and private credit,
public and private morals, and on the Constr
tuition of the Republic, may not yet be
prevented. Still we cannot shut our
eyes to the gravity of, the situation.
We find that majority OF the
Representatives from twenty-five of the
thirty-seven States have recorded themselves
in favor of imitation. The twelve States
opposed to initiation are the six NewEngland
States, New-YOrk, Maryland, Texas, Nevada,
Oregon, and California. OF the 70 votes against
imitation these States cast no less than So, leav-
ing but II from the other twenty-five States. or
less than one vote to State. Omitting Texas
and the Pacific States, the South and West
are In the ratio of fourteen to one in favor of
further debasing our already deprecated cur
rency. True New England, with the excep-
ton of BENJAMIN F. Buffers solitary vote. is
unanimous against initiation. But New-En-
gland is made up of sO-called creditor States
New York is a creditor State and 80 is Mary
land Texas has demonstrated the folly
of irredeemable paper money within the last
thirty years, and California, Oregon. and Ne
vada have never had paper currency, and
do not want one. Hence 1T is plain that all
these States are prejudiced against :" the best
" currency we have ever had" But more of
that best currency we must and will have in
spite of them. Thus reason the intlatiOnists.
Fortunately the regulation of the volume of
our currency is not a political issue. Even
President Grant, ex-Secretary Boutwell,, and
Secretary Richardson. to whom we are IN
debted for interpretations of the laws and
Constitution without which initiation would
not have been possible, pretend to be in favor
of a speedy return to the gold standard. We
read in history of a time when the Demo-
Gratis were for hard money; but the
DAYS of jackson, stage coaches, and common
sense in Democratic party management are
only by sexagenarians. Leaving
out New ngland, which sends only two
Democrats TO Congress, the division on Mr..
Dawes's amendment shows that of ~ Demo-
Gratis voting, SO were for initiation, and of lab
Administration Republicans voting, 118 were
for imitation. OF the four gentlemen
elected as Liberal Republicans Mr.. Brom-
berg of Alabama and Mr.. WhitehOuse of New
York voted against imitation, Mr.. Banning OF
Ohio voted for it, and Mr.. Hynes of Arkan-
other Republicans who voted for initiation
would doubtless resolve to morrow, in the Ian
guage of the Philadelphia platform, that they
" confidently expect that our excellent national
" currency will be perfected by speedy
" resumption of specie payments" The 80
Democrats also are firm in the belief that "a
" speedy return to specie payments is demanded
" alike by the highest considerations OF COM
" mercial morality and honest government"
We cannot doubt, however, that President
Grant will continue to write his messages and
Secretary Richardson his reports in the beau
tiful style of the platforms from which we have
quoted.
There ia one class of men in whom we have
great hopes. We refer to statesmen like Mr..
Morton, who change their opinions whenever,
in their belief, their constituents change theirs
There never was country that experimented
with paper money that did not in process of
time get heartily sick of it, If Senator Nor
ton remains among US until the physc
lie would have the country take
works its natural effect, there will
nowhere be found more bitter enemy of pa
per money than he. And we will say the
same of the twenty-five members of the other
House who voted for initiation in March and
against 1t in January. We repeat the names
of these gentlemen of fixed opinions, with
their politics and the States which they make
such extraordinary efforts to represent:
Henry . H. MssnST1 heR oI NswyCss Holland
YORK Marcus L Nv Ward. Rep, ssw,JsTssy Isaac W.
Penney A. Herr Smith, Rep, Pennsyiyania X.
Milton spoef, Dem., PeDnsYivsnis; Joseph II. Rainey,
Rep South Carolina Alex. 8. Wallace, Rep, south
Carolina; John H. Caldwell. Dem Alabama; Chester d.
Charles w. Miiken, Dem. Kentucky; Horace Maynard.
Rep. Tennessee Henry B. BsnIiDs Ls; Bop, Ohio
Horstlo c. Burohard, Rep Illinois John Eden, Dem.
nIiaon wlltsm D, Williams Rep, Michigan Charles