New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-07-20
CURRENT DISCUSSION.


Frsm 7ns Chicago Ttns<s.
Mr.. Henry G.. Carey Indignantly repels the
charge Of THE NHwYoRK TRIBUNE that he IL an inia-
ZIONIST. He brands the charge lielous and roundy
abuses THE THBrNE for not permitting INN 70 eKpm an
Sundy Press Of Philadelphia a. he might have hai one
In TEE TRIBUNE. doubtless had he couched his conmun
cation In less insulting 10 the editor and the de.
ceared editor OF that paper Nj Carey explains himself
somewhat in this wise Tho banks o, Pee edS
and n capital not exceeding s2l 100000 excess OF
investments over capital. Si2.o0O,OOO. Now I'M, this
excess results from loans OF the money OF ind-
viduals AMI produces Initiation by making Si2-
100000 "a temporarily available ss4.oOO;oo0. any
was experienced in 1897. 1857, and 1873" Mr. Carey
thinks that this imitation must be gradually reduced " II
would escape repudiation." And he further THINKS
that the convertible bond destined to work the rednc,
ton and hns the paper dollar 20 eTe %a the E So
contraction and prevent population he does not expa
IL that be gathered from the nature OF the
bond. The scheme would work no little mischief
go far 1t should scceed in accomplishing lts purpose
would be performing the functions OF exchange. And
not only So hut Government would D" taAlnR fne puD
lic 70 Day interest on utterly idle and unpr0ductiye
funds Ia other words to pay people for Keeping ther
.i,erobIe extent ain il would work mischief The
would tighten the money market 10y absoute con
abe dnro.ts and bv ra,inr the rate OF interest. It
would Law heavy tax on the general public the soe
benefit OF depositors. Tho more this scheme Is exam
ined the more mpractca0e aud irrational 1t is seen to
be II he Kelleys Careys and ampbelis should
coed in their effort to secure It's adoption they would in
less than year un STARK mad DE ready 10 aDanuoh
THE COMING STRUGGLE
Fran The Portland (Me.l Press
TIE NEw-YORK TRIBUNE cannot be accused
of being party IN the remotest sense iis utter
ances therefore, cannot be supposed 10 be biased by
any OF those considerations which might Influence pro
fSscd partisan Journals In the issue OF the st inst
there significant article entitled Coming strug-
gle" II SAYS that al the threshold Of the second CEN
fury of independence, find ourselves confronted by
third question which yet involve the very existence
Of the Republic" The first leat question settled was
chat should De OF ca+le, ana tao
second that national unity shall be maintained. Tue
question which cOnfrOns THE TRIiUNr, and
which must be met. Is Whether popular education b-
longs the churches the State. The TRIBUNE wa n
r. publican partsans that il will be entirely futile TO
tempt Ignore the question. and informs Democratic
parlisans that 10 will do them good to pretend
that actual issue exists for httween those VINO De-
lcve secular education wrong and those who believe
there necessity to the maintenance or free instltu-
ton, il only actual Issue" but one OF tie
graVe.t character which admits Of compromise. Tie
only opposition to an improved and efficient pubic
school system Maine. from the Emery lwsOn
strpe 81 intense Democrats who evidently consider
the education or
state, deadly to their school OF Deoc-
racy. There may he churchmen opposed ~ our free
school sem but If there are We nave falled 10 nnu
them to any OF their declarations OF hostility