Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1875-10-07
Some Sensible Suggestions.
EXTRACTS FROM AN INTERVIEW WITH FRED. Has
eAuREK-THR LINE ON WHICH THE GREAT FIGHT
WILL LIE AIADE-nH" hH~AT naIHF ~nieh ""'
scHURz FAILED TO MEET.

EXTRACTS FROM AN INTERVIEW WITH FRED. HAS
eAuREK-THE LINE ON WHICH THE GREAT FIGHT
WILL. LIE MADE-nHS h""AT naiHF ~nfeh ""'
sCHURz FAILED TO MEET.
From the Cincinnati Commercial, Oct. 2.
Ono of our reporters, yesterday, in convor-
sation with Mr.. Hassaurek on the issues of the
campaign, alluded to tile criticisms appearing in
the Vol:sblaH on the speech of Carl Schurz.
Mr.. Hassaurek replied l can say this-that in
the first place. although the speech of Mr..
Schurz is admirable as far AZ it goes, DO not
think it is as philosophical and radical presen-
tation of the question as that OF Judge Iait, pc
cause Judge Taft has presented the issue which
to me seems to be Of vital Importance whether
the Government shall furnish the paper curren-
cy or not. On that line l believe the great fight
will have to be made. do not betieve in paper
currency issued directly by the Government.
As long aa the Government Issues paper
money, the business of the country will
never be at rest. One Congress Will
will want to expand, another will WANT to con.
tract 1t. and there will be no ond to agitation.
We can never reach specie basis
gradually, because the danger is that before
coming to that Congress will nndowhat has been
partly done. II we ever want to return to a specie
basis, it must be done by one act--a coup IL
main, if may 30 express 1t, by measures al
hitting of the quickest possible execution.
= Iwould have the Government issue new
bonds for gold and apply the proceeds to the re-
dempton and cancellation of the sreenbacks
Let the world understand that the proceeds OF
these bonds are to be applied to that purpose.
Then the Greenbacks can be withdrawn az fast
as the bonds are sold. 1t will be objected TO
this that it will be the conversion of Il non-n-
forest. bearing into an interest bearing debt.
But we must apply the same rule of fairness and
morality that governs private AFFAIRS to Tile al
fairs of Government.
The odlous feature in 1t (the National Bank
systenl) of q monopoly having been abolished,
these banks could furnish all the paper that We
wanted, redeemable, of COURSE in gold and sll-
YER. do not 500 why the National Bank sys-
tem, under proper restraints and guarantees
might not be made as safe as the Bank OF Eng
land These are my views, but Of course cali
not now go into an argument to sustain them.
| Tho great point which Mr. Schurz has failed to
meet, aside from the question whether 1t IL
| proper that the Government shall issue the pa
| per currency of the country, is made by the
more moderate iulatiouists OF both parties.
rhev say that substitution of greenbanks foi
| the outstanding National bank notes would not
| be an imitation of the currency, as no more
greenbacks would be issued than there arc Ma
tionsl bank notes in circulation This point, to my
| positive knowledge, has carried away
great many voters who would otherwise be
sound on tic question Of imitation. Yet for ma
nv reasons this would be but the entering
wedge. If we cannot return to specie payments
with a circulation of u little less than four huu
dred millions of greenbacks how much les
would we be able to dos so with volume OF near
lv eight hundred millions 1t would be motto,
| to all tho world that instead of moving toward
specie payment we intend to move away from ii
y II gold and silver basis ,is such goo
thing, there must be way of returning t
it aud if those that advocate such basi
do not show us the way, will not the peopl
be led to believe that Governor Allen is rgl
when he says it is a mere barren ideality.
have heard many men express the opinion ths
it WAS altogether impossible to return to gol
and silver basis. This is a dangerous mistake
which should not be permitted to spread. Bt
the first thing to show is in what manner such
, return can be effected. know this may CIV
, rise to differences of opinion for awhile, eve
among the opponents of imitation, but tho sooni
these differences are reconciled by a thoroug
, discussion the better it will be- for otherwise "
! would carry the same difficulty into the Prer
/, dental election, where its effect might bo et
I more injurious.