New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-07-31
SUBSTITUTES FOR GOLD.
THE BRINDLE DOLLAR.
WEBSTER NOT A GREENBACK MAN


WEBSTER NOT GREENBACK MAN.
To the Editor OF 1hs Tribune.
SIR: Presenting upon THE TRrBUNE's we'll
known prediction for the farming interest," again
venture trespass its space, and tse desire 10 nave
what understand to be dollar worth what lts race
calls for in circulation medium OF payment IN dis
posing OF produce must be the apology iof again
troubling You.
Now understand adoar to be material whether
NJ conner nickel silver platinum gold, or, best OF a
papcr because of its convenience in handling and count
ing large suns on which the Government has put us
die or stamp afxing its value IA medium OF payment
for property OF any kind / know the suVer ooai
made under Jackson had different value from what
now has under Grant, but the former was made l'r
American use the present for China ana the East lso
well know that the value tho Government aniNes WI,
mot hold GOOD everywhere, but that No matter Wfi'
material this die or stamp Is put On viii answer unucr
n proper financial management OF the Go'efheh' ior
the medium which Webster DESERVED when he said:'
Among the objects sought 70 be sccured ny ne oos;
tuti,n were commercial credit and mutual commence III
matters Of property; and these required aimons o.er
things. uniform STANDARD OF vaurs or ,enl I" t raS
fore, ia that Of coming money anu hxng ,ne n' ~
foreign coins ava one oi ,G ~ cn none or issue
tlo stare Il ,"c 'o'' P'0' "
bills Of credit
Now admitting my view Of Wcb-tcrs meaning to he
the true one the question arises How can TINS medium
he kent of uniform value safe and stable the metals
I"
confined to the requirements OF the Govern
ments own financial operations, that II womb
ot all tines and under any circumstance I've
kept at any g%a for paic dues But if became
d. ,iraiJr tighten the burden oi tAa'mh anu Ihfc
new life into the industries OF the country by suostlu
;m for u certain amount of the large Understanding
h. ls an increase of this medium IL ""l! ~ cc,.hI!
tn keen these at specie standard to make them redeem,
allie ia small bonds bearing low rate OF interest an
having Iong time TO at the same tine Srtilis as.,
Standard; aud why should not this Government be abt
to do his III its immense Resources ~ wen as f'@no
aud EIplauu tlrou III their baulsl
" Wv Zjt Ali dccremce to tire opinion OF those inter
esr.i IN the present banking system J. ai.er the ehpi
ricncc OF nearly tn, cscorc ana h !cEiS d n,
tI s,aten, heretofore in operation, am satisfied mat
none of hcn not even coin ITSELF ie,' "e'S't NsT
vi n ncdnm hnt that the one d'''crin'i 'p' .. " ,,r
fy and entirely Ia the WAITS % the c"nhiry ~ every
emergency even in war itseli bui 1" i' tf %? Tu
ing On tiie sanc footing with all other conht',"'
pursuits. be crrcd on also VIVA w. nv , III
the entire cnnn,Is of trade Then me aiipy "i h'tH
cp,n ons tax levied for their support VIII De, 'ahon
the shoud'ra OF iho po""'iS e'''c' ,"r -
wpg.s thereby increased. iAh'''"'
M,rdieser Co,nfJ. 3D.. July ~. 1879.
This : the second time that Webster has been
,uoteG in communications Ia inE TRHt NJ rs IN Ia
,or of soEe system OF dss,gdGi5 or t"h,iiicDtal
money! II ought to be as well known to American
citizens that Webster was haIdnoney man az that
he was a Senator from Massachnsc ta Among inc
.prculati lions induced in 10y Mr. Calhoun was one of
a GcveTnmsnt paper curroncy-not legal tchncr'
except to tie Government. but of indefinite volume
This sort of PAPER Mr.. Calhoun maintained could
not permanently drprccate below pa III CON- Upon
tis project of Cnlhouns Webster commented ~ i0i-
lows in his speorh on the currently. delivered IN the
Senate Oct. 3. 1881:
listened with great respect TO the opinions Oh the
member a. II is nay consta At practice - DO, ana
meant to express my astoni-hment at this period OF
his public lire looking back to his former coarse III
relation t. the currency of this country for Tue space
Of nearly twenty years. say must give ut'cfance
to nv a;oni h rir!t Mt finding him whcr" he now ~
namely according to his own aynWal back
again to the old Continental money! 1t tins Gov
e,i,meid PAPER currency, OF VIM. the gentleman "
now become the sudden and Jealous advocate - not
what 1 pronounced it to be, Continental money
what il il It is not species OF cNrlepurf 0'cS;
If is u mere G1ygrnient paper, crri!ltlnS "ithoui
interest receivable tho dre9 OF Govtrnn"nt, onI
with 10 certain provisions for i!s redemption: ana
that is what tbs old COn mental Ioh"j ~as.-
Works, Vol. w., p. 800.
In another speech, March 22. 1855, Webster
said:
lam a hard money man. aid always have been
and always shall be- | ahh0r all rletecInable
paper; all oll.fishiOnod paper money all deceptive
promises everything, indeed in the shape OF paper
ssued for circuiation whether by Government or m
diyiduals vhrn cannot be turne into gold ana
silver at t,e viii of the hOldcrWorkS. VOL ", p.
JlS.
Our correspondent soars far above Wobstcr.-Edl