The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-04
Flood Him with Postal Cards.

10 THE EDITOR OF THE HERALD
How would it do to ask the people through your
widely circulated journal that each one should
send to the President postal card requesting him
10 veto any imitation bill that may come before
him l rather think that il this idea was gener-
any carried out thar We would not long have to
look ruin and dshonor in the lace, as 1t Is likely
We may have to do under our present PROSPECTS,
go ~ NEW JERSEY.
We Have Brains as well ms Bullion.
NEW YORK, April !, 1874.
To THE EDITOR OF THE HERALD:-
As constant reader, feel that your strong
financial articles viii develope one good result,
e., they will attract the attention Of the general
public and incite to action the conscientious opin-
ions OF the people OF this country dictate to the
apparently unpracticap representatives now dis
cussng the subject, their respective and general
wants as an honest, God fearing people. The
sooner now the good practical business men and
people awake to an intelligent sense OF the hour
ana stndy political economy with its uses and
abuses, the better will be the result and the sooner
will the world be taught that we have not only
cfedltaole character to pay our promises and ODii
cations lett but that Providence has given this
iree born Republic the brains as well rs ''Duionn
to conscientiousiy fulfil them. Whenever that
time arrives Il hope 1t win be SOON that dscioses
thew are e rsg 1ae psope at large mat
ing medium OF exchange, we can safely legislate
Tor reorganization OF the whole bonded and
irredeemable) currency together. or, as Judge
PlerreDont wisely advocates, the present time,
organization las would suggest Tor the total debt
INTO 20 Az and 20 years, ut ). and per cent re-
spectively; OF the rredeemaDle currency debt into
~ year per cent bonds OF the total debt or the
government on solid footing.
At present there are too many 6eluded with the
idea or notion that the more there is or what
passes currently I'm this country only Tor money
the richer they Will be likely 10 be. The present
times are now daily teaching business men this
idea Is fallacy fear that we snail have to pass
through good deal Of trlbulaton before the sense
or tins error will lead to repentance and good
works unless the peoples representatives wisely
anticipate a necessarily slow educational power,
untl the time requisite 10 teach the people the
dlreiui results. alter practical experience and dis
aster combined, VIII reflect bankruptcy and rum
IN common throughout the length ana breadth Of
the land. why simply because we have an ire
deemable currency, and we should reorganize and
adopt specie basis lor our Internal ana CONNER
clal exchanges, without any discount. Are our
legislators asleep More anon. A READER.
Thorough Finnncicr for Secretary OF
the Treasury.
TO THE EDITOR or THE HERALD:-
Your earnest protest against imitation il COM
mendab!e l think the sooner the currency is
brought to specie standard the better but there
VIII be suffering to all classes in reaching that
point. l have little hope in the President vctong
the measure Just passed by Congress-; and, IL he
did veto it, probably Congress would pass 1t again
by two-tnirds vote. What wish to say, how
ever particularly is this, that, although the issue
OF greenbacks is liked at 4o00oO,0Oo, there really
viii noy be so much IN eyistepcej for 1t Is esti-
mated that from $50, ooddo0 TO $4,000 600 greeH
backs have been entirely destroyed since their
issue began in 1867, by fire. shipwreck and many
other disasters. IL is difficult Of course to make
correct estimate In such a matter Yet when
we consider the wide expanse OF territory over
which these 9reenbacks circulate it is very prob
able that the destruction has been great.
Again, before this act was passed, there were
SAID TO be outstanding legal tenders to The amount
Of $685., 600 600 without, OF course, allowing for
those which Fave Just referred TO as beink de-
Stroyed), so that really do not see tNit TIA ~
crease or SIS ooo 600 can 2s 50 Damaging as many
isar. p9 not strr6gG favor paper money. I
nave aWavs been opposed to 1t. The great trouble
we labor under Is the lack Of Thoroughly educated
nuuEcler IN The TreasnrY uenartmenL NJ