Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1874-12-10

trcss Up1nt0Ns On lhe Prcsidcnlss
Hard Money Views.

ItioW INT Ne j lHlts.I
This il 10 snbstan 20 what the President has IA,
say IN defence OF his proposition to repeal the
ieSai-tender clause OF the Currency laws. II is
unquestionably sound. The mischief arising to
the country from our irredeemRble currency
spnnks mainly from that clause. Without ii,
tiie government Ii 1tes would have doue compar-
( stivelY little harm. They would have remained
simply evidence of public indebtedness. aud as
such they would have been paid. II tile legal
tender clause is repealed in tho manner ~ 1oor-
ed the notes become again evidence of debt to
he lonored by payment. This way of the pre.i.
dent is one plain way out.
from the N. Y. Trbuue.l
The arguments which he adduces in upport
OF his recommendations of Il return to specie are
not strkingly novel nor presented with tho skill
OF scientific economist. But they arc unsu-
swerable, aud have been SO any time this last
century.
tETon the Washington ChronlcleI
Tue Presidents argument against inlation is
inansHerable. 1t would be nothing loss than
cohhication to the extent of the depreciation of
the currency thus caused and he thinks, with
great reason, that the immediate benefit to the
ueplor CLASS, II u were not immoral aud wrong
woui DO more than oyerbalanced by the Mil
mate effects OIL all honest and healthy busiuers
pursuits.
From the N. !. Republic.I
Tie fault will not be his if the means are mt
provided by Congress to enforce q specie cur
rency III the course OF very few years. lie has
pointed ont the ways it is left TO Congress- to
provide the MEANS
from the Pitita Inquirerl
Considering all things tho recommendation.
10 congress IN TINS connection are not likely TO
work much harm. We doubt if, in sincerity,
they could be made stronger in argument they
might be made much stronger. It il iDlpo.sible
to doubt the Presidents earnOstuess, rlecjeeN
AS ii would he folly to deuy-whch We do not
do. aud never have dune-that it wonld be an
excellent tnng for Congress, OF for any other
department of the government to cons,nmste a
plan Tor establishing the national currer ey mon
gold and silver basis.
From the BALTIC Americana
The President aud Secretary Bristow are in
accord as TO the best plan 1T reaching a rosump-
ton of specie payment. Like most wise schemes
it il tile simplest possible The President would
have The legal teuder act repealed, thus legisla-
ting the greenback currency out Of existence
he would have the national banks undera free
banking law, supply the circulating medium of
the nation without any limitation a. 10 volume.
The plan is 70 devoid of completely that IL needs
no calculation.
ftroln the Baltimore SUM-
1t il gratifying TO lind that upon this all i'm
pur'ant subject. which il pre-emineutly and
above all others, 'the question Of tho hour" the
Presidents trumpet gives no uncertain sound
lie declares i'll favor of resumption and of a TO-
turn to decent money. not mercy in the abstract
or ia vague and general terms. but explicitly
and speclfcnlly, urging upon Congress-, sat this
session. the duty and Necessity OF placing the
currency OF the country upon a basis common to
and recognized by the civilized world In this
portion OF his message, IN priacipe-we do not
speak OF detalls-thc Presidents view. are a.
sound as a dollar--and a gold dollar at that