The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-09-17
A Word in Favor of More GreenbncL..

TO THE EDIToR OF THE SUN-Sir. Al
though the tone Of the New York press IL
decidedly in favor Of hard money and specie
payments, yet It Is always In favor OF giving
both sides a show, especi lily THE SUM- and 1
therefore venture TO reply to the letter Of MIR.
Edmund Burke of Newpoit, N. H., IN The sun
Of the 18th inst.
Mr.. burke estimates tie indcbtedtess Of indi.
viduhs aud corIorations Ia this country at four
thousand millions. And to this j. 20 be added
the lr iiigate exncndi. ufes ~ the Federal md
; ate GUvorumcnis under licpibhcan rule"
Let "a take tins all for granted bow are the
people 10 pay this Indebtedness with seven hun
drcd aud nily millions Of legal tenders aud ma
uOnal l. ink notes.
he Federal suction pump OF taxation il rum
ming under high pressure all the while, and II
the Nos were all paid in one day there would
hot be dollar outside OF the tdXgdthcrcr, TIL
~ night. Aud yet there Is such pie ,hOra Of
According TO MIR. Burke the people are already
too roor To buy anything. " The aggregate
amount 81 thus interest and tax itiOn ~ 50
enormous that the people are crushed Nv u.
Ihc 1Tmer cannot raise enou III produce from
his 1arm, nor the mech nic or laburer IN
ecs enough 10 pay the expenses Of his family
ana the enormous taxation ana interest which
are eating him n his country up. Ihey can
not therefore purchase and consume the pro-
Ducts Of the protected manufacturer. nor the
foreign commodities OF tine importer. And
herein - to toe found the true cause OF the hnan-
cial cmbarr ssment and the stagnution of the
business Of the country" And MIR. burke
reCDmue ends a. the remedy. tn q wa keep on re-
ducins values and marking prices down TO the
measure OF the hundred and nitY millions OF
gold IN the country Of which the q lvernmCnt
has tnrty-seven millions, tntt we practice risid
economy AMI Keen two millions OF people
out 81 employment. that every man VINO has a
few thuus nus winch he has made after years Of
toll ttnd nut IN real estate on which ne owns a
mortgage) quietly lie down and let the money
mower with their specie payment idol run over
hin. stchk Tor ten Thousand real estate nsn
IN I y city, when rs % real estate broker say
that We don't intend TO be wiped out Ia thatw way
Who vill Guy anything on fal ing mHAtti
And yet people won Ter that business docs not
revive. Who nut a set of lunhtics, from motives
Of false economy viii get together like lot Of
saydgcs on an island and resolve from motives
OF economy. aud to suppress speculation. that
they W II neither buS nor sell, out wal. tail prices
Lave renched a specie Standards
Inc fact Is. Mr.. Editor. that gold il virtually
banlshed from this country from "A false system
of I'm nco which has placed our debt IN the
hands OF foreigners when IL should We been
own a here like the debt Of France among the
20 EIrope has demoralizsd gold but we have
other valUItles or commodities which enrich
our peopie. thousand million bushels OF corn
and nall "A million bushels Of wheat are sources
of wealth, ana IA good God has given them 10 us
this var.
IHE SCN shines for all. and II you publish this
you viii give the ltGai-iender mel "a snow"
and prove that your valuable journal Is ever
ready to lie ir the voice Of even the humblest OF
the pcDflc-a people VINO demand money IN
some form 10 pay their taxes, and also money
for their Labor, which they are always ready and
wi'l.n. t. give for the greenback dollar.
EUGENE IULR,
Secretary Of the Legal Tender Club.