New-York tribune., 1874-06-13
CURRENT DISCUSSION.
LAPsED LIFE INSURANCE POLICIES
Ernrn Ths TrInt0n Trns fmsrirdn.

The TrsntOn True 4fmerfcdn
THE NEW-YORK TRIBUNE aludes to the
apsed policies OF life insurance consequent
upon the strngency OF the times what says is true
Of the MORTGAGE established for his benefit the
"equity OF redemption by which he is enabled TO
compliance with his contract Why should not similar
prucipe be extended to the unfortunate policy
who seeks to provide for his family in Of DEATH
but is prevented temporarily from paying his
ssn the SSRs no only pe
of all the premium paid on it fori years. because
ON sy I'm
rule all the chances are in favor OF the company and
seems strange that life companies have done
as much business they have. THE TRIBUNE suggests
pdopon Of this plan would effect double purpose It
would not only the policy y-hoder from the entire
loss he nov f' In ass s 81 out % m
agents who, in their to effect nsur-
which companies not slow to repudi
ate after having prohted by them.
SMALL BILLS AND SPECIE PAYMENTS.
From The Prortd>nee Journal
Mr. ThurlOw Weed, in letter to THE NEW
YORK TRIBUNE, heartily indorsng the financial
of the President crtcses the proposition that notes
under the denomination OF S. shall be issued. While
this is subordinate question. and quite open to discus
bank notes are convertible demand to gold practice
upon directly opposite theory The important matter
ments. Habit would PROBABLY induce our people to
prefer bills for ordinary daily use, OF smaller denom
affect the principle. aud the President was careful to
say that upon minor considerations his mind is not in.
the expression Of opinion Of President Grant is eneour.
aging The furry Of the nfationsts at Washington has
apparently subsidized 1hG press IN its %os. %
President with emphatic gratitude and approval Even
in the West. it said that the people are strongly
against inaton and the tendency is clearly aud It
looks, strongly in favor Of resumption at fixed date
Even in Washington there seems to be an more sound
which Gen. Grant sign The atmosphere Is clearing.
The President is decided Congress has tme, aud possl
bly, the desire TO redeem Itself.
BALANCE OF TRADE
From Tie Pittsburgh Gos>te.
THE NEw-YORK TRIBUNE publishes table
showing the excess Of merchandise imported and of
specie exported during period OF years Itattempts
to generaze from it that when credit is best
fu to thoroughly analyze the table gives aud which is
very suggestive, think the following points will be
mort of merchandise has been against u.s. except two
years and that, therefore, have had opportunity
to test the influence OF balance Of trade in our favor
credit abroad is not affected by the issue OF paper
largest, our excess Of imports reached s 100000 the
largest with exception OF the entire period Of IT
that year but THE TRIBUNE explains because
OF Englands need OF gold for use IN India Ourcred
rency did not affect these issues in 1904 II Is fair to pre-
sumo that 1t would not in 1874
AN EARNEST AND OUTsPoKEN REVIEW
The article of The NEw-YoRK TRIBUNE
upon the memorandum Of the President In relation to
financial difficulties Is almost emafkabe the
memorandum itself. THE TRIBUNE has long been the
bitter and relentless enemy Of the President. Very
little thing that he has done for the last four i've
Veto but n way wholly relieved OF suspicion and
doubt to the Presidents acts and Intentions Its re-
view now OF the memorandum Is more earnest, out
spoken and unsnted In the measure OF It's p ase than
that OF journal have specially recognized
the friend of the Administration The article may
well he regarded remarkable IN every View. The
memorandum OF the President, the position OF THE
TRIBUNE IT, the tone Of the public press generally
towards the financial views Of Gen. Grant al indicate
that Notwithstanding some mistakes the President is
the most popular man In the country to-day.
A COMING STORM.
- From The Columbus (Ga) Enquirer.
THE NEw-YORK TRIBUNE Qhe earliest,
abest and most influential Republican paper has u
strong article deprecang the placing Of the govern
ments OF the Southern States IN the hands OF the gno
rant negroes and INSCRIPTIONS carpet and de-
clarinG that in South Carolina - white has
rights which o Is bound TO respect" These ad-
missions OF leading Republican papers are only the
whispering breezes OF storm that Ia arising, and which
has been accelerated by the attempt to pass the Con-
gressonal Civil Rights bill.
REASON FOR CONGRATULATION.
FROM 1As BrookvH URton
We knew that William Winter was writer
OF genuine poetical sympathcs. but did not know
that he was much OF poet he proved himself TO
be by the afterdinner verses which he read IN comp
banquet given by the Lotos Club that popular
ast week. The "TRIB." may congratulate itself on
having nurtured and developed another poet 1t Is she
only daily paper In the country that boast Of two
such poets on its stat 10 John Hay and Willy Winter,