, 1874-04-22
AGAINST INITIATION.
The Interview Between the Hon. Will
lam Gray, Of Boston, and
President Grant.
Tho Presidents Vows on Finance-A
Memorable Occasion.

M0lllUllul0 UGCilSlUu.
Special Dspnteh to I7hs Chicago Tribune.
BosroN, April 21.--Tho Hon. William aray.
Chairman Of the Committee to walt upon tho
Prosidont, which WAS appointed at tho
great anti-innatton maaa-mooting held in
Faneuil Hull, April II, has prepared his report,
which was submitted to the whole Committee.
His action was unanimously approved, md it
waB voted that tho report and memorial 10 pub
liahed to- morrow.
LII. dnAy's nEpoRr
is aB follows;
meeting in Fencui1 unll, By which wero appointed,
memorial to the Proaident, with tho resolutions
b % e. ss9s hs Of nso ss A
myseit Informed q t1o progress ot tha I'D in i6e
'ss?: q i: :'h:ssss
Taesdsy I % tho 1lth nst, ss vent to Now Yeri On my
heee @ By
of tho blu md Notified you tmmediatsly that aeaireu
e ss Mon resshsa q o sn hs ~
could bo thore beforo The following Saturday morn
signatures Of tho whole Committee, deoidea to
wa,t at once n upon tae q psestdent and present It
fsfed 10 90 viii mo t to tho Prosidont, and sadiy
accepted Wo won't ona were admitted at oneo
and % myssa alone ogsthos, and 10 othor pesson was
proaent during tho interview I stated to tue Pres
sat tnat iaTgo pahGm M h mcens tho mem members r. Of
fss fs1s sssouss h.d peaa
Pontsa z pfssees saspo them viii
be prepared by them to tho President that the egiB
1ntion Of tho House bud advanced rapidly, and MY u.s.
moment and could not reach Washington before Sat
w aa ven
onoof shcm delay seemed unnecessary, aud request
EAsa ssassas
arS n'f Ell sipes ha Pa
which do no. lite. 9he RESOLUTIONS ssy tho }esal
S o ona
That Ia not exactly so. The resolutions attack my ad
nini,tration IN saying that tue sgalsnasr a9tss
THE roIlox OF Ny ADMINISTRATIONS.
nj @ liis. tainE t6st pSl!sy seht, snS 10y ea i
wrong Ths. pel.sy rsaassa' tho RTon'iu.'' on gold
tho citizens Of le United States At full liberty 10
whc toy sv it, and present them to ths Presidont,
M ta ad met rs g the the
aissns e prsssnt pss IT. om @ to m sn
Tint il tho memorial doplored tho passage Of tho
soS Saye a' Seen Sa not s
carried on without them; that The country had
approved then and he dd = n9t M think y rghs TINT We
time his Administration. replied that mel
her nor tho citlzons Of Boston asked any favor ut
' DEsnED THE n1onr THING TO DE DONE;
at .ey had expressed their ytews of whit hs 1sh.
claim h nf's, saa tess as Tsaa .sa &c!
VICE. es: 81 s 5' o
for1 viz not ask for asaachs,setts anyhng would
letter from ono bank President in Boston expressing
willingness to relinqnsh tile cronlatton.". Tho Prest
on1T1o1sMa ON n1a ADMINISTRATION
sS'as a 's ae1s IL ' 5n Witch esa ~s iad s titus hin I'm
tho queetona at issue, Which were these two: Shall
standard Of value, or
3a1En uroN SEA or !naEpEEMAnIE rAPEn MONEY!
in time q peace with no public e1lsency Il would
preeeaet for Sny aud every fa:rS Congress t9
would not meet ~ lis yisws to keep tho
Limit s qt sgs9afs 81 noit
that % the working balanco IL the Treasury
s26 ooo 900 shonid 10 reurea aid Cancelled With tho
surplus thnt with thu addition to this Of proper pro
vision for rede'npon on demand Of bunk circulation
and for which Il could gvo security. 10
accord that hs was net r. tsyoT Of and
he should do with tho bill. IreplIed TINT had not
asked him that question: nor did Intend to Do that
II had dono so should have expected reply Which
would have deferred mo from asking anohor question.
then aaid, have o1c1uted my c0mnisaion and will
not dea!n yon longer In the press Of your oecupa-
closed by his saying II am glad to Aavo Bcen you."
Yours respectfully,
{8tgned) WILLIAM GnAy, Chairman.
Tho memorial which Mr.. Gray road rooted the
| tho resolutions presented and adoptcd at that
meeting, and tho appointment Of the memorial
| iAts, who say:
We respectfully and earnestly raqueat that you will
return to tho House n which It originated blll to fix
tho amount Of United States notes and the circulation
OF National Danka, aud for other purposes. After
urging tho advantages Of the veto power they say
Ttore ara two dianct grounds In which no respect
fully AK you to withhold your assent 70 this bill
FtrSt-That It Is prejudical to tho interests aud vel
Sssond-That It IL Violation Of public faith. If
thero TO anything settled In commercial nations, 1t Ia
nearly n1ed IA. posalblc,, by which o1chnngcs
Of property may be adjusted, mud whatever inHtru-
tnonts ayo been may bs adopted to facilitate aue
some standard. Tho absenco Of such standard las
always been followed by deastcr.
IL equally we'll sotled that the great body Of work
fsotsetion o. much , certany in tic standard Sy whc
their earnings arc meaa,rfd as cau be had in tho na.
turo Of things aud that tey have greater interest
III tH subject than other portions Of the community,
Our second grouuA ia that 1t Ia In violation Of the
public faith. Upon this point NO refer to the whole
legislation Of tla country, which ,s we'll known to
youraef and especially to the oct Of March 49, 1869.
APPROVAL fourteen days after your Gfat Inauguration.