, 1875-09-20
FINANCE,

| FINANCE.
a MULTITUDE or QUESTIONS,
To tie Edtor a The Chfcaeo tribune:
SrArE TREASURY OFFICE Bosrox. Mass, Sept
le.-l lave just eaen ln your papor of tho stt
mat. the communication Of Mr. Warren. ant
I your comments. and doelro to ask you ques
ton OF two In relation TO tic asbtur and cred
llor clsaaos;
tyrat-i]ave not the propriotoss ot The Tn1a
rrE much more due to them than they oYo Il
| others?
second-Has not Tho East large balancs
constantly ngainst the Wo4t and South
Third-1s not this new country indebted. AZ Il
should always be, to tho o]dor aud more wea;tby
Fottrfh-Wou1d not an increase 10 the value q,
the money standard invariably opcrate in fa.o,
Of those nho had more due to them than thoy
owed 10 others, and equally against tho otho1. OF
debtor, claae7
FtJh-Do you think IT right, OF even polite,
after = msu has promised dollar Of q knowu
and generally accepted vslua, to procure by leg.
islaslvs CT official action = change In tho terms
OF hts obligation, without his coneept, By In
crossing the value Of tho dollAr7
Slxh-Do you not think that tho real difficulty
which those WHO borrow capital and hire lxbur
lilo uador At proaeat H. Ia part ut least, duo TO
| tie fact that, whom Grant and Boutwell, got bold
Of our finances, NO raised tho dollar and aI, cur
! rency lebtA u per ceut?
| se~,uhr-Do you tot think that tbe vsry i'm.
| ro1tant though not very numerous class wh1c,
We should Gull conirae<oss arc fully Justified in
1nfusiu8 to borrow capital. hire labor, and pur-
chhae materials. 10 Ioag ~ thsy see our tloter-
nlust;on to sdd At least 10 per osnt to ali their
obligations, by raising tho currency dollar Ut less
| thar W centn up to pAr with gold9
Eiqhh---la tuoro not In ttila t!slncllnat;on on
tie part Of these psoplo TO he found tho reasut
uby 1nouey is abundant iu tie citv a. ow rte,
/ aud yet not to b. bad Oh long tine sxoepk 81
high rntns? And we nav naturally ask further,
Il tho rtEItfors Bucn A hav0 nAlDea hays mt
damaged their own intersHta by their own &C.
uons5
N.ah-Why should NO not 1t ouco recognize
tho oxintinR value nf al currency deb's and pro-
vide eithor that thov shall be committed at this
value 'nto o:hers. parablo By tha goll standard.
Of tha papeE2 Either mould insure Immediate,
Lonest resumption, and 70 luirs no go!d.
Ienh--Whs sho I'D NJ not Lace the legal
tenders Ill Oh liberal. oonpound, Rold interest,"
IT not l'crpetusi. bonds or eon.ols. At \ loxcr
rate Of interast uuid quArtory7 And why no
tteat tho National Bank notos In the same nan
nor. sitter assuming their 1rde1np.lpu aud so4-
tling equithbly with tho bAnkr7
Etee'sth-Hhy should NE not provide for tho
isnae And circulation Of bauk-nuto. by ali wEo
could deroslt In addition to their lohuablo o.
WorhiuR capital An amount OF securities which
would Justify the Endorsement of tue duyeru.
neut, and maze It Certain that there should "
iu'tant, par redemption. not only 1t tho bank,
but NJ tho clearing -llorso, whore tic notaA wol;u
naturally flow. anI ho worth n,ost tu tue ho.ierf
Tho banker OF oourso. 70 pay PORTION Of sun
rrDnt On the c!rcu At1n into tlle 1ieaeurY, and
thca be fteo from Ill other taxation OF lntor-
furunce.
HIS capital is no. money, hnt the titlo to n,cr-
ch.ndi1e, snd that is already taxed. like rcai
e':.ss as ndss .ua aa'o5tx.Es 0nss i1ona y
aeusrat Government, uks massachusetts,, 1so
tho aamo fiscal axenth aud inHtrumoutal,tes TINT
other peupls Dc 7 What do ws want With Sub
Ieasuty, 1, .n hoards Ct ~orss than idle. useless
More than 05 pes cent Of MI onr transactions
hFo enectod without tho uso Of coin, or evan
baHA-notos. aud it does seem strange that NO
mnch n'iso aud Misunderstanding should b.
M4ra 10 d!hposed bo dlnponeed viii, att ,gsthcr,
Tho curtouov Of tbs word in bassd on CON.
'noaltlcs. Tho use Of o5ln ta - a standard,
ana bank'nossa ars small change. II not tbs
all true7 DAVID W1tpkn,
vhcILLAr'N7 2 FINANCIAL POLICY.
To re fd's'r Of TIE CAiea7o jr.btss:
WEST D.pEkt. Wiz, Bept. l6.-In your !.oue
Of tic 9th Appears ths a:atsmout OF a nan tn
provide fol- an accumulation OF go!d N lilo Gor-
sFumont Troaaury fer tbs redemption Of Our
9seonhacAa. This plan oDlltetnplAtsu tho nala of
go!d-bonds through tho
Syndicate. which IL to secelvo 4 commission for
eaot1'"g sAsea Of said bonds. In WOW OF tho
past policy Of tho present Administration, l vas
huFprlssd to sae it announced that the President
approved tho pl'n. would like to INQUIRE
"hat change has oceureod 10 40 completely trans,
form tile Adnnstra atlon In raspect to pollcy t.t
contemplated tho hoardiue Of gold preparatory /,
sincs Tho Resignation Of s.Io,on
7. tiss", tas rollcY Of the tloyeYuusnt Ina
oesn ~ defeat Tho l,osslnh.y OF syer anc1nI,.
'at'ng apsoss enough 70 ilnni OF rnar,tst,l!us
" set'"''ayn,sats By ling vt stated tines I'll
,, Iur lan goa. snI appltAag hs proceed. 10 70.
4ucs ta E4hlo debt. Now It ~ prnros d AMI
u IN s.!si Tin l!e.eut sFrroyes the pi.nl ID IN.
creasa tns putsio debt, antl pay con,ln,p ion to
'I'ys Il aone. IN oy!cs 70 accumulate sl plusct
'u.t,u 1't nv s,,u 70 Of greottcks Ao
u!'rn tiola tue INST. Altar tho toso OF tLe |
haE, Aa. IN fa*t. It MAI by Mr.. IAAto. u viii |
bt ,EestsesnEe!td, 'shsa lie ias,iol hid eo.l- |
nelt':natrs Z, ! "tta "1eI 10 snnpy suy dsllc}encs
his guia Ills res sastIou and MrCullloch's nd.
!natgutstsd tho grand los,r,.h OF
|a'ce 1alos or Ep.a' A.t b'aaird SUCCESS in rs-
uc!lg Tho pahlic leot which now 4 il ptpoose-f
10 in:ttAea m oTd,r t' got bacH tho EoIt tns;
Euld. I'ne enla uf ol.cy yacl!lattua, lulau-
ntr, hna uncertain, ~ has boen that character
xing our tluycrhmens finances for tLe Iast si1ht
How loug, . Lord. how 9oug7 W1sa DAu.'
low tNFtATloA WOULD AFFECT POOR MEN.
~ fhs Editor " Thu chsca9s 7FtbatA:
CHICAGO, Beps. lb.-fho ou11onoy question ID
mo ID "a'ca avery ons has personal interest
AL leaving 1t Pressnt it, mors sesntiao ~
'eoss to others, desire to hud out how 1t would
Rnk Al N AtA