, 1875-09-22
= THE ENGLISH CUil1iENCY.
Ascotc1lnsnn'X tsrpiy 10 Wonttell 1shtf-
laNh3 EtttSr AHycFttntiy.

Ascotc1lnsls,,X tsrpiy to Wendell phts-
lsp.' ts,lsr AHsCrtaNiiy.
NEW yonK, Sept. II, lH75-1to The Editor of fihe
Eau 1orh: Neranl Az scotenthan. travelling IN
your great county. via Las for n.al,y ytass
taken At ,utereos in all ul3nstary Questions. nv
attention lus becn lei eatoIl! directed to letter
~hicn appeared ~ tic Nuv York Herald Of Aur.
~. on legnl-taudar cutreuoy, by Alr. Woudall
pEilIps, in which llo concludes by urKing tho
United Statos 10, ornmaHt to issud aIt CURRENCY
any business mail wishes aud uuu sye scc,.r,ty
loF at d low inleleet aud ounyoItlhlo into l,ux
bcNlH make grrcntarat iegnt tender for ali
lmroscu, IT,. tc " Enslan.i," lie eays TO, Or
1ne% la more prosperous ynArn than from 1ADU to
!o-n during Which tIlno sl,r Naltnur Ind guild nor
Mislod to ha'eit. nor promised to paw gold 10
ny one whatever: AL ttAt willie Ahc extended
auu consractuu ller currency without rugafI
whatever to gold. lier o1los1nous ,r4de and or
rslldlturcs Wnra nl! Eapor, anu oily RaptI. ro,:-
leg on credit amt hotlihg o4o. Ii, leo En-
eiand, Winding to thebriBta l1lh dreame.n tried
- PIT lh's new wine isto old bottles aud dragged
bpecIa MD baaL,iptcy." Now. III, nv object it,
writing 10 you Ia to aty that thls Is by nu n,eaua
asMa ictnre oE iho condition VI England dur
sa!, as tue po!~i which sr. Wendell Phillips de-
se.nts: ues, nc doos rot glvo tho source Of his iu
navo read, l am warranted In saying it VAS b
ReHol OF great suffering. Let A!F. Wendell
ri,ntl!1t,a consult "Tl6 LIfe and Times OF bls
iiopsl1 i;l1 iee', and rad tue debates of the
t,'9 tGesa u commons. which nrc both faith
~ ~ ~, ,eso!a ami s!ue mirror OF tho condition
~ Nv aoopia' ana. venture TO say lie will afriya
a. Goho'us;on psec.sely the reverse VI tic enc
tow.r ,h"n un saTef III oon'alas. Why III 1874 no
glAld, thnllHantls: Of iudt.trin,,a itHi c,aunio
Wero suhK ii'to ah abyss OF misery and wrett|,eI.
neSs ALL doubt debt, cot,luslon, aid want nat
we eye at every tutu. ''lt MAS aaId In nar,,s
ment that the national misesjea of lin TINA hnI
!!hcn to point wholly Without trtcedent sinrc @
sao Norual conquast," and IL was ony sf,sr 'H .1s
taesampsion OF cash payments IN 1915 thak o.n.
aeose sAs !eato1ea aud trads revived, Tlers
Wy, mnse sneol1fa ia sloao daya.-dseatae5s, il YOU
Wl!,-ldst al there arc many Of them an,o,,9
Your People now. Who imagined t,lat iii Ii. n,.is
coalu " cdtod by I'll Increase Vt tnoonVsr1lhis
TAPER ueKaa-tonaer, OF coutse) and ii rau an.
tuaaly prui>osed ny Mr.Vanalttart, In PA r,ont
t'Iuat lhe Dank of England notes Lad iitNsr,"
pecn, and were NJ that tiu,e, held 10 ia IN ~. ~
!nolo estfmation equivalent to the Legal roll, ~
!ne realnl." ] think is was lhoupham wba
au3hea the proposal out OF tho House. by smg.
etttlnR lhHt the absurdisY Of the resolution n.1v
sequlrsd paragraph Aadod to 1t, asserting thtt
NO 1no AUD two mAho 6ve, to render 1t coHpJAto'
Spon9hon aenss and arithmetic would tbsn i.a
both equally outraged. 1hauks 10 the wisaon W
" falltamant, We got our currenov restored "a
speeae ps,ments aud bank uotes made payahla
W aomend: which Ia the only sure foundation
tou ~Alch paper tnouey can rest Ii you sr1sh
4hAEQ against oTefiHauGg and copssauent do,
Eecston, 40 nlAtter whether tho notes 30 issued
y we state OF BY The banks. II may bs intefest-
* nbf tof ths American people to know that while
M s. ~ u osdsftn Council, commanded The Uank
eosaaa 70 spspsnd sAah paymsuts In A7e7,