, 1875-10-09

carl schurz Efectually Domol-
ishes Wendell Phillips
Flimsy Finance
Theory.
4 Crushing Argument IN Fayov Of
Hard Money and Honest
, Dealing.
The 0leareBt Explanation Of the
Currency Problem Yet
Made.
Phillips Confronted With Dis Own Au.
theriiies, and Aado 10 Appear
Ridiculous.
a Simple Lesson on a Vital
Subject for Everybody
to Renl.
Hendricks Has His Doubts About Old
Bill Aliens Election.
Tho Last Story About the City Judge
ships'--The Opposition to Run
Reed and McAllistor,
miscellaneous Items.
q Simple Lesson on a Vital
Subject for Everybody
to Renl.
Hendricks Has His Doubts About Old
Bill Aliens Election.
Tho Last Story About the City Judge
ships.--The Opposition to Run
Reed and McAllistor,
miscellaneous Items.
GENERAL.
SEIZURES REPLY TO PHILLIPS.

GENERAL
SEIZURES REPLY 70 PHILLIPS.
cHCsulSo AEonsEST.
6r. LoU1s, Oct s.--Fo!owlng IL tho reply OF
Gen. Carl Bcburz to tho letter Of Wendell Phil
lips recently published in tho Now York Herald:
sr. Louu, Oct. D. 1s7'.7o ne Editor Of Ete Cttcn.
VT Cnr,n,9tIai-DEAN stn: Iatt night returned
run Ohm anil found solr dispatch intinaattng d.
@ st iss Il shd So~ sy L. Il
ih.ye jus. rea th.t lettes. aud eonsJcE # scarcely
Pss.aiey aeyas a a. to e.. s ~ cs
tuoxp At IN elegant writer. bnt the ouo OF his let
q 20 ippA.ls osn.ss 20 o,+,a9 sea :.., ana
1'psajaS .bsaja axo bt.si inclined 70 consider Il s,1 s
fpo found In It fair collection of shoeo crnlios aud
saaussns aaasa al Il 1T. ph lue"n. i 's % 10
eoiats % d ny srcech Which sir j. attempts 10 Dis
tlisns ;n arecsh o Nark,. tu tsncaina his oppo:
ess so" q a fs !. roa nd III sos & t.
tnishf jast a. va, 70; the purposes Of
= pn' 'p.css nsa ee.u as mol IN asculsos
mGey .a ~ ahy rn sf soa b.
III on tho exchanges Of tho country"
fhen proecele1 by quoting the fact that an over
vemans mslorlty Of tho business transactions Of the
through ehscks no.os. and bills at exchange; tint ia
fact tbs circnlasion Of motley takeh rlaco 1no5Y
s :as aa sS 81 s ~ hat na md
Gov Allen awJro al thcso factH. II they weret
sosd they sl 1'o snilty q 80 e.rtng an absutdity
pasgoses Il money aa currency. be II tlo bottom of
the paei6o Ocean, bcing not In circulation nt al Al
though aaye never hcen an atmfer Of NJ. ~ d1nn-
tttl theos!es yet always considered him fur less
foolish than tlov. Allen. II he Insists htepptug
duxn y Gov. Aliens crci. ne It So. Dnt there Ii
III that . iarae proportion Of to busluo,s irsns.
,ors +! the country are effected J means u checks.
ndes, md BILL, through tho banks. Ii tho corner
4 sn.ness. il arsss tbas - ehscts na!cs and 5s Of
i1chsnse performing tho functions OF cufse1,-
i.ct he currency, and ho nnd hts fliends mean to
tstak this aristocracy Of money manufacture by i-
oaadng their system OF aFeenhac4 aud interronsest.
cdtttcn and contraction Ii tho hania Of tho whole
rssa ef business men,: There y 60 monstsoas NJ
] ~nsse e Ssa u md s2p q a ii It,
.xaas them. Who IL 1t that drsva ehects
aa SSo @,s nees ana bus Ct sseh.nas
sonsss in checks, notes, and htlla, aud who
hal contraction aud imitation OF which Mr.. Il spcskB
sas Y hna s' y 1o S9as & r.
g!inH that powcr - 4 they no" wcEe deprived OF
i tho bustaesemen aid not to L, under our pres
aa know his, t1s smallest clerk In dry-gooda ehop
~ tirs him some usefni inforlnntton OH the SUBJ
r. Can Mt. +. 30 10 earnest whcn be Rtves lis
p understand that hs aud hts party want 10
l'E!re thls system1 Does ho really mean
,a5tattns .hsn he says: I'VE mem to hare more
onott tnow that tho check, noso,, sud bill Of OK
hst1 ,gensy waich, u almost tnauitely tueseassna
currency enable that currency fo satisfy tho require
Etnta ct Tho hualncas-msn, and that without THU
ooa nos s sna earss Sn 0 4 o
!s'4 H. seoosdlng 70 the C!earing-iIouso records
&C. g. s, l. q, e eacsspss sd ess passed t
n.tt1g purchases sud psymens, and Ms. r. wants to
fuin To place Of thst mediuu. exchange edactng
n ss,os r. s{stsn
shEh tho gsn.uB Of modern civilization hss developed
aa eaues The Unreasonable coupsss aud the enIts
@sosss from hand to hand Of greenbacks. MIR. T.
ss1aas 70 10 nsn Of progress. What ia tlAa bu'
ss run r to tns e'ansy method, Sf b.5. ,aa.
ea.nssses he santiions With his system Of ntsrcou
,.,,,oa ,aoss h,nds7 1tso aorf As understand ths
s y mother tine, the tntorconyerblo bonds ase to
a'en b. Tho aosesnment to thoao who deposit cur
esy u tao Treasury and arc 70 bo exchanged tol
Government to d1eount note4. and sell bib Of ex
fIss md accommodate prlr4ts busincss with time
s 'a.s u an1 NJ aa.s aaes' Ct fsa
~ sas born In this country, aud Hie,
D. e Uaos S sn A. sonms5e'. nat eu.s
I e. y = 10 haa, he would himself enjoy hoari!
H. ID Ct ;Spp|ssng ct cSs :,:% &. seos.s m
w. @ ot srealbsnts sad iutercou,estibic bonds" i'll
m,, Mnael1tand that auch substitution. II "
ef ffs e. 70 .s1ous contraction - to bring sho lale.
as country to "a sn,ost ab*oluse standstI TIL
Ies Ipson sea1. = s.a - utterly eadt.A tst taa xonsr
"ssa sssa. t9s r. y! ar.t point.
nsssset.aa-AT. Phillips tmrugna ny. asatemens, o
tAt QOCtf1DA Of fcH1NEtAll6 I'll
~ ostF, That tho expsnaion Of rtedsemablo n
Esnssssae5 viii sesut IN iss doprecislou. ue xayo
.s.aesstal, .s.. Will thai Of ltaeK sAa nesensasiy II
Iad IT, p5'1Sss, - md especially the lrlc. Of gold
s Salos tas War tbs preIa,um ~ gold went up or dow
a. hSm; ~, q coui.s il dia. Nf i. sesas . isaor
s.ss tts. T. @s, t !.
ias ne relation tho volume of tho currency bear
ID hss.ss1asrsmsuts Of tho busineaa Of the country
Etnanea@ ef ahs uoreEumeut depends on liz h0nes
mpsstlrs m Ability 10 do d. Il to lhs former .l,er
as. ~, 82a,,soa ba. = to ths l.ter Tho yel.studc
~ 7; doss not know shs adoct, lho hstofy Of III
~, ~ saa,,. !nsorm hlm. IL WIN and thu
I'll H. 70 :., IA s;esy pestea Of alssot.ss
t,sd d.ata an gold. md thai ivory baltic 10 won low
Z. nnstl daa!lg Tho surrsida Or Of Lee and shs On
~ Ss9ash saa quantity Of tho currency IN cirouiauo
ssst aot beep dln!asLel. Every sensible mau, easiI
it, tnsssahninH thb scasou, will mol mud this uurp1ts
sa. ~ ~ aurpFts[px only that any nl.u prstend,lg
h. nae shoul haFa 70 ba infortncd Of thst eesso1
hst,hss a. " r reAlly be In earnest xhsn 10 dent.
Ii q. uron III yslus u g1io, quito Rene
sa. purchasing ra1sr, soon - The volume Of suc
Il ta.,eheJ t4oea<lA Tho auouht which would ctrcuta
ss,ssa saa tnd notss Convertible ipn gold Gsn hu u
is1.snoa 1aa that tho dishpnossd promises to pay Of
ssas unless there IL probability ot thcir re.Isn
rio,.,, th,sdunlns hts osl l.us IT argument. wnl
MI. hahi that taese as eoautry called thu Unit
frnse Anich had ouce MI igrclsrulaba paper GU
a. Called Contiucatat money. which waa iurrss4r
te<aat5 mill tt thFunk In value to 11oth,ng, Thc
''sat'y cs1s<l Fsaoes which bad ~ tssedecu.b b