, 1875-12-11
THE CURRENCY,

VIEWS FROM AN ANTtErECE STANDPOINT
IT. ihr Edtsr Of 1ts @Aien7u tribune:
I RraESartEtp. ILL., Dec. a.-rho question o.
cnrtcnc, beng tobatablc ono. nsn trposed Il
1 taAo insia with vcut cor5oapon!cnt from Wiscon
alt. alr. Carpenter. nld x!ao with tho viowB o.
TUE TRIBUNE In criticlsm Of Mr.. CARPENTER, II
yonterhay's Issue.
percoirs ihat Mr. CArpahter Is an I" Tn1o
ronlont," aud, like RooI nAny othsr Indie.
pcndauts tAas know OF. lie ID preenhsck ,na
1ecsuao TO DO 10 10 coming 10 fashion NTH Ipde
pendants.
| Tho question OF national currency IA ono al
denp nfd Intricate auIy. IL Involves Ill tht
principles wAisl1 uuderlio vaIusn. Mr, CarnotA
tar tsy': "A thiug-eay monoy-ia yal.,
able Ill proportion to tbs valuable uscs
1t tnhy bo put to- Admit It
AMI ly "hat Eula shall wa Determine tho vs,uo OF
money! a1t. Carpenter. mi ayesybydy alao
Mi! looh in vain fos na BY s7hsh ths vaiuo or
money may bc dstor1nnoi. Wny7 Simply 10.
csuso these ts no value in noncy. "Money u.
simply tostn used to sa1ptass the systs a by
which yA!ues are registered or cnuntsd. :rlere
I. y rnln by which all e,cbangeablo values may
! bu determined. That rulo III. tito cost OF pro.
tuc'tou and tho demand for tho artolo produe.
sd. There ars deareos of vAi,o, aud va have
| convenient terms to express those degrees IN tue
words ''cent,,' "dimss," "doiiars," ctc. II a
b.sshos Of wheat is worth 3 dollar, man noyor
tells his wheat for tho dollar. Ho nc
cepts slo dollar ~ indicating tho d.
greo Of vAtun which attached to Tho
wheat; and, wHilo hs holds tho dollar,
hc po~sesses no roal value Ho mercy pos eAuca
credit for vail on demand, aud lua gets nis
value whun he parta With that crotAt, or, IN
otheE worus. par4B nish his nlunor.
thinR Mr.. Cnruoutcr has Eom%thEtt1 vet to
lear" nu tho money question: or ho nsvur NO I'D
| have used tho tesns "pAr with god" in tho
aenhe he d'd. From my standpoint, to-day
s.esneseAs are y pat With sold. aid at fsr with
county will iaoar tue crack OF doom befors d
| Rrosnback.doIlar eau 10 swhrpcl evtn!y for a
| Eod-dolt&r wh'lo our legislation gives prefer
should b. reduead to haif thur woioht,
In tIs payment Of du,os on lulpottE. and green
bAcks refused, tlsy yuull Command : premium
ovoe Groeubacks. But. If tho dovorlh nnnt
made lo distinction be:wson \ greeuoaca. d ollar
ard gold-dollar in auy Ut tha purpusoI for
Which 1nouoy Is naed, thsJ would pass H; par
| WITH each uther.
rnE TRIBUNE figures il out That, IL gn,on-
backs were rocclvaUIe for duties. 1t would u Axe
them worth only shout ceutn moro on tho
dollar. Ihe lyrolleals OF Me. Chrpeu tor
bslng faltac4ouB. tie figures OF THIS rA1nuNE arc
equally fa!laci9us. OtherwlAo, il No could only
flul new usos for money. or \ greater variety at
commodities to exchange .l.n 1t, 10 would ep-
hance Tho ratuc Of nloney pIoaorIsonR.ely.
Such principle would carry paper, Or gud, Or
both, eooro 101 oantB on tue dollar, whtoa is An
abnutdlty.
THE TulnUxE says brokers arc uow willing
to Rtvo Gensra! ter.go OF S5 cspts iu gold foT
tue papar.dolar.' What do brokers want Of
papor-dol!aFs, and why viii shey pay 10 cauts for
themS There IN souathlog lutte st.arga in
the WAY IAE TRIBUNE puts It.. II TUE TRIBUNE
ahouii cay, "Ufokera sre now wiling t, give
liz ceuta In papsr for dollar in goia," then
no coulu sso sshtng ratloyal in It, bscause
proke1s who want TO pay duties on imports ero
price 1t commands. But aoboJ5 buys eroo,.-
backs. In all my exDotienca 1 nover know Of =
Steeuhack hoiuK purchased; AMI don't think
aver saw tbs man who woult gro \ row
0f pins fof lilo haudaoMest Ereenbaca that ~
over printed. wis5 Nun to ba Understood. |
I'M simply repeating my affirmation that n,oi.ey
has NJ value. uroenbAcEs being tho lawful
nuney OF tho country, and atI co.umorc.a! trans.
It., degree OF vaIues a.c Expressed N ora prop.
erly ma accurately by the standarl Ut Erosi1-
back dollars than W any other standard- Thoro
hecna IL be aIudle1 astompt 10 con tAso aud
to haTe IN sho country Two separate and diatiuo:
things, REPRESENTING didorout degrees q salus,
Oodsr %, our proaont systau,, gold il d
commodity, aud lts prico sarses fcon,
day TO day. according to tho demand. like ali
atler commodltieH. But. wnon this nation shaii
come 10 adopt tho iutorcLang bond, Hclemo.
and to abolish tne Kod-standArd, ~ l.el,oye Is
eventually viii. ,ncu there will 10 but eno msan-
Ing to tbs tom, oilar." and it will Al ,yass lep.
Ecscnt the came dagroo Of value. and teso will |
be no OCCASION to get tangled up anI ronfoundei |
with nou,o otuer tning "l,.cA is alto a.lsd dol
lar.
TuE TaspusE snquires: "IIow, then. IL cold. |
resumption ia opsuy hbaldouou, 'svca in thoo.
~, Is our currency to ia exoLanged iuto that or
the "ori !. and tho absolutely Necessary iuteE- |
national oxchsnRea eUacead z +" l might aus yer |
ny ssylug that there II 40 curroncy Of. tha !
aud yet We have no difficulty in ef. !
icetinR exchanges with my nAtlun which will |
trada with us. Tie TRt.tuaE may answer, |
" t9ld is the worlds currosry. and it IL with |
kold tbht va tlAde with 0thsr aInntr4eH." Very |
ro'l. aud yet Zee not paTl Gle of difficulty in
tfAuinH viii any nat,tna nhich III willing tu hold
commercial Intercourse with us. Buppuso We
should d!hcoFsrA nhtun that n.sger Haw auY |
ioYeruneut vita h.{ures rapte BanslnK different |
deYrses of value, aud Lu!s pallsr circulating At
tho value tue nEulea represented, Nc would
iaTo 40 t.tlicnty in trsd,ng wita such \ naslon.
scti u this ns..pn, aud take It'll paper |
Arc not our citizens today netlpK mar- |
ahaudsse to En8laad and tsklug BAnk.of-
EuglAud notos? Iho bottom prlnc,plo IN al sx-
Money III SIMPLY N tnssrutnsut to reEIst.,r Of
count ths value III commodities. II | sold my
hest To this aowiy .a.sco 'esed nation and took
'lal papsr-ourraIcy. do NO bscause that our.
Ecacy WI Lus mo o'hs, talngs thAt HAnt moro
lLsn l DO lhe waeat. L. slaFa = nx1lou upon the
lace Of tho globe Which ls now aeullng & their
to .h.s co4ntry, which will t,ot take
steeubacks fur tisela1 It thers u, l do Mt
know 1t. l. cau buy tea, collas, or any other
merchandise, ftouI tho Most aistant cs,uuttY,
s.sh graenpacxs; sui. understand ysry we!l
wy can Do ~. Tne producer Of she tea or
'o!fee gots his valuo tor 1t, natwlth.
'ssudinx | pay for it In ersepbacks. liz ,Youil
,ot no u1ota yalue for It II paid It in gold. OF
'oa, OF b: ass, Provided Has allowed lbs mar.
Aet price tor tLe gold. iron. or br4ss. Tl.aro IL
! uIlalAkan n0ti0n PEdyal1nK, aud thiuk rHs
IniDuSE IL Atdlclod with IT. that no Are 10 s,pR
1sery day, III our commerce aItil other uat. ons.
he uluareu1e basWeec tue prlce OF > Kraeub,.ch-
ioi|af aud gold. d.aollsr. IL there IL any such
oas 20 III, slnca thurs u nothing waslal tx du-
'tloyed. 1hasa na.t b. corresponding gMa to
soluoboty. Now. II any ps1son will allow mo
low mas put n.seif IN the gap, aud app.o-
'EiAte ~ loAat q bllale Of th.s tfomsuuo,a dis
'ouut that We A1o beng shaved out Of eyery 4AY,
Will pay 10 hun a t4ndsoms reward; tor, II
ht,u1 10 l.. !