New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-09

tLoy would ever De rcdcemcdl Lot any OF common
sns9 answer Buttt ia said that the lrcs tender qai
20 them in payment o: debts viii pres ,ryc ther
value II they arr never 10 be redc paid
The sir Dleansw 70 this H. that when the rourbe Of
r enbGes * largely increased, ana all prospect or pre-
Of payment Is abandoned people viii reuge Ell
can be compelled 10 receive IN payment DEPRECATED
paper never 10 be redeemed.
AN UNAVAILABLE SECURITY.
But We are told that amount Of This paper win
Eoa because tie faith resources. cnd credit OF the
country pledged it, II there be way convert
the credit OF t.e Government TO the pay
Dcnt OK the notes. what does the security amount tot
all TIE real estate IN the Union were uOstgage for the
payment Of these nOto hut there Il way 10 forecose
to collect, 10 convert what does the m0gagc amount
toi Stripped OF all disguses and pretenses, the su0stu
ton OF grernbacls national bank notes Will be unde
stood By the country declaration that THESE notes
viii mover be redeemed Bat here unnask this whole
fraud and npostue. The advocates OF more grccnbacks
IN he place OF national bank notes are the enemies OF mo
grern5lcks as they have been. They utterly
opposed to rational currency in form The ques
inn whether "a Treasury note bc M ide egal
leader IN payment or debts IL purely qicsnn of !Iw,
be decided finally ~ tbs sprene Court Of Tie United
Suites aud there Is not respectable DeaOcrato lawyer
ia the State OF Ohio VINO does not be4ye that
law creating further issue of grcenbacks substitute
national bank notes, FOR any otner purpose would
be declared by thai court uncopsutuu0bi aud void
RE,TORAr OK OF sTATE BANKS THE ULTINATUM.
TA who.c scheme o. further issue OF GT cnDacAa in
lieu Of national bank notes, arraign here t-iay as
hypOcrtical ard rcachcrOuc, designed ~ the first place
to effect the destruction Of national banks and then by
their volume and by the decision ~ the courts ~ destroy
The grccnhaek5 themselves, and pave the way for tbs
rest -ltion Of the Old Stat, bank systern Tie Ssats
sovereignty party will never stop short OF state banks.
national currency, whether VI greenhaess or bank
notes Is hateful To that party, which 1Dors tie NATIONAL
idea snl n2t there is not nation, lat 81 in
d, pendent AMI sovereign pOycas. TIE party which
camlrs constantly aIou. Capitalization anA Federal
sumption never be thc friend OF t' gr'enhic whiea
rellt seHts the highest ioln 81 national egniy.
Ey.y ttar thc pOpU sitiOl has been Dl0Islt ,ro&ri "A
CONGRESS repeal L." Law faYing RE notes 80 sfats
bdnis which drove those banks ont OF exist al tbo
repeal ci Which w0ull again open up The O0d;'cs iOr
public and private robb ~, ~ the c5fai> o H.
nmerahle biting and worthless banks IN AL tao states.
Only Las: year Mr. Thurman AMI cyeIy d. noclatc SeIa-
vrfci for Vgouofion to repeal that aw, which was
offered Is amendment 10 q finance bill
Tho restoration vi Tie state bank system means az
many systems Of lanng there are si2os Violent eN-
Dsrsions and cOnFacfios hundreds Of broken banks,
ana millions ~ Dsn-uOtc crash dy INK ~ ,he Biis 81 tie
noOD.a + means I,c western @iid S,dt"fn Httte3 tAH
ra nav lions tribute the Eastern state~ VI he
OF hange. means that the ciuzell 81 oIo
cannot pa his lOci bills IN 10y TX o. B'stOn WIN
Ohm raOncy withOut suffering shave or buviny E1Srm
TUpds that man ram receive III" DiAf 81
without counterfeit dc'tfiof - -cs
that the money + good t.at the bank j. not bf"hfB
III old state bank system 10 1r >d- sis
ID aOr..cy The party that deu.rs %" nation ana hatrs
cyrryt in national turns WIN ave! ION from NATIONAL
cuireucs state sovereignty and State DADbs dts t"Ih
Iee, of the times tla Nc iohaiy hope nave passed away