Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1875-10-13
WENDELL PHILLIPS vs.. Carl
SCHURZ.

at once proceeded tc Ohio and took tn
stump for the Republican ticket hi
special mission being to refute the the
cries and arguments of the indationists
In reply to q set speech Of his Wendell
Phillips has written letter 1t is aa
dressed to the Secretary of the United
States Legal Tender Club of New York,
and like all Of Mr.. Phillips emana:ionl
is terse. vigorous and interesting. BE
begins his letter. in characteristic phrase,
as follows:
Draining off from Mr.. Schurz' speech
the Observation-Disclosures, apology, per
sonal abuse and his own history, four
substantial matters remain.
Then follows what seems to us a very
strong and ingenious, and it must be
admitted, doubt-awakeniug argument
against the positions and conclusions Of
the hard money writers and speakers.
Among other startling statements en-
ployed by him to show that the reasons
given by Schurz and others for the de-
pressed state Of business all over the
country are wanting in validity is that
which he quotes from one of II. c. Ca
rey's letters to Secretary Bristow in 1874,
to the effect that greenbacks are worth
very much more now that there are
$759, 00U, 600 in circulation, than they
were in 1864, when the volume o. the
currency was much less. Gold, as he
reminds as, was then selling at go as
against its present premium of Il or is
cents. Also MIR. Phillips contrasts the
condition of France and Germany to
show tie fallacy OF Schurz's specie basis
theories-France. after paying $1,000
O00, OGG in coin indemnity to Germany is
teeming with industry and prosperity,
shile Germany which rejoices in a coin
basis is in = state of panic and business
distress.
We give this much space to Mr.. Phil
lips arguments to indicate. very briefly
and imperfectly. the drift of some of his
Arguments and to show that there are
reasons for holding in common with the
New York Herald high opinion of the
ability shown in his manner Of dealing
with the subject in hand. This letter
appeared in the Herald of October 6, and
We find it the subject of the following
comments in the editorial department Of
that paper. namely:
We print two noteworthy letters by
Republican inf1ationists, one written by
Mr.. Wendell Phillips. the other by Gen
eral Butler, and both addressed to the
Legal Tender Club Of this city. General
Buffers letter is brief and may be passed
without comment, as there will be An
opportunity to review his opinions in
detail in connection with his promised
address to the Board of Trade two DAYS
after the Ohio election. But Mr.. Phil
lips letter is an aggressive answer to the
recent speech of Mr.. Schurz, and it will
attract wide attention by its ability and
ingenuity, as we'll as by the standing of
the writer. 1t is designed to counteract
the great effect Of Mr.. Schurz's speech
on the public mind, and is the ablest
argument yet made on that side of the
question. Mr.. Phillips is equipped for |
such . controversy by his knowledge of |
the best literature of the subject and his |
wonderful facility in perverting and mis- |
ignorant or stupid, like most of tho in |
fationists, but crotchety and wrong
with unequalled skill to make |
the worse appear the better reason"
We will attempt to apply a logical cor
receive to some of his positions.
So says the Herald, the central organ
Of the hard money interests OF the East
ern and Middle States. The opinion
thus expressed il somewhat in contrast
to that put forth by the profound pro-
fessor Of Finance who presides over the
columns OF the Sacramento Record
Union. Says that mighty engine of in
struction
Wendell Phillips has encountered at |
the hands of Carl Schurz that kind Of |
which . brawling ignoramus
10 always sure to receive when he under !
takes to measure weapons with an edu-
Gated adversary. The difference between |
these two men is simple enough. Schurz
the principles Of political
economy and the science of exchange,
and Phillips does not. Consequently !
SchurZ talks sense and Phillips nom
sense. OF course there are plenty Of
Eheorizers who arc incapable Of distin-
gushing between the sense and the non
Dense, but since the one is founded ON