The New York herald., 1875-09-27

! endeavor 10 ascertain the cause-just as a man
does not think 1t necessary to consult ply
sician a. long as he feels we'll but when at
tackled by pain he looks for remedy The atten-
Gcton Of the government they condemned il To this
cause mainly are we to attribute the great political
changes that have occurred in the State elections 1t
tins that elected CASTOR in Massachusetts II is
true that there was said TO be money enough Massa
ehusetts but 1t was held by the few; nineteen of
| twenty were IN want and, finding employment TO
enable thom 10 living manifested their dissatis-
faction II gave little consolation to suffering men to
be told that General Butler and a few others had a
superabundance of money. The fact that mans crib
and barn we're full Of grain and provender would not
console his live stock unless some of the contents
could be obtained for their 1t is singular that
the party IN power should have lost ground from such
causes Their overthrow would have been much more
signal their opponents had had the sagacity the dis
nteresedness and the manliness place themselves
iarly and squarely on the true issue Two three
bold speeches in the Senate setting forth the truth of
the causes from which the country suffering,
would have greatly increased the majortes
against the administration party. Deprived as they
were OF the counsel OF most OF those who should have
been their leaders, the people understood the issue
sufficiently to win the battle Now able men in Ohio,
as well as elsewhere presenting the question to the
masses, and think they must win. They have truth
and justice with them, and the interests of nineteen
tweneths OF the people the side. Against
them is arrayed almost the entire money power of the
country, which can to great extent control newspa-
pers and furnish orators
| II has struck that the hard money organs are
overshooting the mark in their mode of warfare Feel
ing their TO be on its merits weak not content
with cunning sophistres they profuse in the of
denuncatory epthets- They are constantly crying out
rag money, affirming that all opposed TO their views
dishonest; that man who wishes debtors to pay only
much they originally owed is no better than a
knave, &c On the other side it has gratied TO
with what patience the people Of the country have
borne the evils under which they suffering A sim
liar condition Of affairs would, in most parts of Europe
have produced revolution, least uprisings and
disturbances much larger scale than those Penn
sylvana Our citizens with the spirit of enlightened
Americans are merely striving to find proper remedies
| through the balot-box.
The hard. money organs denounce as repudators all
who against their runous policy of contraction If
reputation party should arise it will be due to the
denuncatory Of these organs that in their
fusion OF epthes likely to excite the anger of the
suffering masses The people of this country are Will
think il ought to be paid in the manner lehSt burden
TO them II was great mistake that the govern
ment did not content itself with paying merely tho in
Of the debt up this time leaving the principal
TO be discharged after the country had recovered from
the losses Of the and its wealth and population had
dered comparatively light Paying the interest in gold
would have brought the bonds up to par, and this
ought 10 have satisfied who had originally bought
them for half their face value The bondholders and
their allies by insisting than this and urg-
| ing policy as unjust as 1t is ruinous may
! so rritate the masses. as TO lay grouno for
| reputation party. Men may rise up the land
who by showing that the bondhoders have already
ceived moro than the principal and interest of what
they actually paid In gold may so influence the minds
Of the people TO induce many to favor stopping fur
ther payments Should any such strong party arise it
will be solely due the greedness and nsoence of the
money power. Deprecatlng as do any such contest
trust that CAPITALISTS will be content like Shylock with
the pound of flesh, and not also insist having the
life blood of the country II idle for them to continue
to push aside the real issue by cunning sophistres.
They point TO the fact that in England and in this
try, when suspension OF specie payments existed busi
ness not prosperous toward the close OF those
periods. In times Of great trial governments
PEELED TO resort to systems or credit Had not the
United States in the late civil drawn largely
credit with the people the war could not have been
maintained its gigantic scale for single Any
striving now TO pay off these debts too rapidly inics
the masses just such evils experienced in
England from a like course In their arguments they
mistake for effect Their Is like that OF a
man who should say that carrying crutches made
lame because all the men he with crutches
lame If our government had resorted to system
credit and expansion of currency could not have
moved ut all The suffering now experienced results
from its attempting TO throw away its crutches too
BY allowing longer time for recovery the in
! jury might be greatly lessened.
| CoRREsPoNDENT-What is your idea General, of the
national bank systemY
General CLINGMAS-The present national bank mon
opoly ought to be discontinued and system Of State
banks, allowed to take its place For ten or fifteen
years prior to 1860 had as good system OF cur
rency could reasonably expect to doubt If
the community lost much under that plan does
under the present Indeed in addition to iabili-
ties OF individual losses the present national bank
ganiZation besides its inordinate gains, is enabled to
make extensive combinations among its members
place the business operations OF the country under its
control and the debtor class at its mercy Besides
moving IT, the government should IT seems to me, not
only specie but also furnish the paper needed for
circulation BY making that paper receivable for all
public dues, 1t could doubtless keep a1oat larger vol
ume than have To prevent depreciation that
paper should be exchangeable for bonds
OF interest not above four cent In the first in
such paper should be exchanged for the present
national bank notes, paid out for all its expenditures,
except what II Is bound to pay IN specie, and in
change for interest bearing bonds at a fair rate, until
there outstanding such volume as the wants OF
commerce and business required 10 be lessened when
necessary by investment in bonds bearing low rate OF
interest
OBSERVATION-DISCLOSURES do you think Of the chances
General CIlSGMAS-As TO that eau only form
opinion from the issues pending and rom my knOw
edge of the influence usually exerted by such
a Al
ject well presented and thoroughly discussed
to be fully understood by the people Allen ought TO
get majority OF at least 100 900 votes say this be-
am convinced that the merits of the
perfect harmony with the interests Of the people Their
opponents, however, have greatly the advantage in
wealth, in the concentration Of their powers and by
controlling newspapers and sending out speakers will
WELD influence greatly dsproportioned TO their num-
bers Office holders and other salaried men, who are
selfish will openly, secretly sometimes, aid the
money In spite OF all these odds arrayed against
them look for large majority the side OF the peo
Pile Other will cooperate in producing this
suit The official corruptions engendered by the ex-
tvagance of the expenditures and the possession
of the Offices for sixteen years by the OF
will exert powerful influence in this respect II looks
as if the party in power be elected by the accumu
lated weight Of such burdens.
CoRREsPoNDEST-What do you think OF the action of
the New York Convention on the opposite line OF
policy
General CLiNGMAN-Itdo not surprise me- for the
of wealth usually control New York conventions. Were
the masses generally consulted the action would be
different Notwithstanding the fact that there vast
surplus of money in the city of New York the majority
OF the business men understand the condition of the
country and would like to revival Of trade while
the working are suffering from the want Of occu
patton If in that city the issue be fairly discussed
majority Of the people will decide against
traction. Even men of wealth, who public spirited
ought to take the same view. The commercial centre
will gain by the revival of business. Those who think
of nothing but the accumulation OF gold had better
study the story of Vathek and learn from II that the
Caliph not made happy by being able to walk over
piles of gold
CoRREsPoNDEST-what is your opinion, General,
to the next Presidential candidate OF the democratic
party?
subject If any should be prominently held
up, he would probably be destroyed by the concon-
traed fire Of all his rivals Any OF good character
ana fair abilities will have much the same chance. As
the democrats showed their berality by supporting
Mr. Greeley they may fairly ask the liberals TO unite
with them good man Of their own party. whether
they take this course, should nominate such
candidate as Judge Davis, think may count on the
cooperation OF the liberals Should the administration
party succeed, by promising offices In winning back
few prominent men, the mass OF the liberals will