, 1875-08-20

a:no':g :Le ,tadeH taoy Represent.
-<--
LEANING Clr(7ENs.
THE nos. 9. II. FAnTE1r.
Tho fro, of 4. = r,r,roI, + -, ,..,ts..,.
49, .a.a,, "e'l w. "oooes'o
ot5 eo''' WAY slH'std. Tho reporter Was 1e-
ceffeu NY t1o lion. u H. FarWell, who answered
h4 qncrieH liao Statesman.
Rcputter-l shoni lko yonr y,cvs r., this in.
1ation b,1piucS,. Mr. F,,v.uz
~, -, WI
%''' A'"ch- "'. a'a asa'h"t any increase
OF HEcenbacks, but h2ys M objection to aunh.
increase at National bank notes ~ hns.ness mar
| ..,.., .,, .. -, T'oo'oo' =.
'',.''. a. -. ''' "'o1' ""''n : ta''h' "ou'o
soon pt,te INC currency OH sorf'tl baHts.
N.-NAat do yon think VI thc date fixed for
| tho .caumot1on Of spocjo rafrucuts7 ?
Mr. r-I wonl1 mr. ar a,v 1o,o for vax,,..
,,cn ,u, .a'ta ,.-.a,,o,1 .a.sa a'o .e.up
| s'on' o"' "ooNt hf"ou"'S 'e'Fe e'eeopacxs aa
have mcntiontd, until Auch time "a thoy wess
on par With gold. Nlen thht time caIao ro-
sumption would 10 effected etthont suy do,ri.
mant n tbo d.bto, cf,.s mn, uith,r, ~ oa,,.
...t':a - t,.,.;.'s.. ~o7' ~''~' "''0"N' MY o'A
7ula'oh OF taslheea'
T-usve you given slr. kccy's plan any con-
rideratiou
Mr. FL haye, In nv optnion Mr. Kel1ey'e
scbemo would increase tlo ratio Of Interest H.
stead Of lowering 1t, NJ he contends
| R-lfow do ynn arriyo at that conclusion :
slr. Elm this way: Tho Government ottbe
United stated, undar Kel!eys plan. would be-
como tue depository and borrower Of oil thu idto
mntey. Banks Of deposit In wbict Tho idle
I money Of lnca1itics is now t,as1ctl oad upon
| which laTae amount oi bus1foey In tluuo unter
Mr. kc!lay's sennule would hsye no dcposi.s b.
c:.;,as every uan having 500 or 500. instead Of
uu;,@ nitg il III thc banks, az now, would cot ono
OF t.,oeo :i.C, bout!p and merchants and maut,-
fac.u..ss xuull have no plcee 1T which to boz
row money t., carr; M Their business. 1t would
se-ut in tie abolition Of banks Of doposit aud
1!ake inooT dtarer. fur reope who had money
wuull be it, cteat demand mil higher rston nj
| lnlerert w,l,iu be 4 natural consequence I
think tho rnetlo1 OF retirement have suezeat-
cd IL far more Preferable In abou: three Years.
! nuaer that MAIL tIIcrn Wcul4 be no gold pre-
mlltl,. leol,o think that lnonoy IL necesansy-.it
is no. NECESSARY u, ali, 1t il simply couTeu.ens
tl.,ng Ia do busiucsa With Il lux no o.har use
except MI exchange nse.
.,l:S, J. D. wrnsrrr.
nm. caIiel upon, and tile following conversation
iieEorter-Aro you In favor OF initiation,
Gencrn1
t'eu. Woh4ter-So. eir, am not.
! K.-1)o sou consider tho date set by 1Aw for
| rcat,tIr.on Ut Bpcclo payments good QUE
Gon. W.-icst sir; 30 fat 40 tho subject can
10 controlled BY law do.
I.-ln you approve OF tho SOS bond plan 7
Gun. W.--To 4 certain extent do. ! haye
lo,s heen uf ti,s oplnionthat II the Government
could call in Eun,e ct ita larger l,uuls and issnB
small oacn it woui1 Ie nn excellent thing for
thu pourer classch WHO have sotno snall savings.
aany people llayn q distruBt Ut eayings banks,
AMI hoard tl,oi7 money ipHtcnl OF letting It draw
lnscrort for thcal because thuy fear to usc it,
tAlnk that il bonds ut small denominations Wefo
ISSUED these people would bay them, even X
they p'ra ITO ,nure thnu 3.t5 per cont interest.
becauue of their ue,focs security. This would
undoubtedly brst tho Savings Banks somewhat,
but believe 1t to 10 tho beat policy OF . gov
i | orntueut to Eot its bcHds OF Its debt into tho
, haut4 Of an fnanF OF tile reJp0 ~ p0estble-shas
| il, IF cotsU. without increasing the debt foe
, that purpose.
COMMISSIONERS I1oTNE.
!, Next door the Reporter found Commissioner
l1o,no. Ad to him 10 put the salno questions
/ uearly. anu ra:aiyed shcse answars:
1icporter-Aro you in favor Of luaat'ou, Mr.
: uoyns? -.
Alr. II.-Nc cir.
lt--Aro you satisfied with tho poriod sot BY
law far ronl.mptlon2
Mr. ll.-ics. | think It Is far enough AWAY.
li.-l1ave yoii any opinion about ME. keilcy's
. | 3.G5 bond plan?
| AIR H.--l cant Hag that know much about
\ 1t. waa Ill old Jnckson Democrat aud Ut eoulha
3 har'i-money n,au. At the Same time Hhnuld
hardly like to 500 tho dtlyeritr ass1 ~ oul1en-
!. sy. 1t il too heavy aud uuhandy.
THE HON. ;. y. WARD.