, 1876-04-03

SILVER COINAGE.
70 ~ Editor of Tne cAtcaeo Tribune:
CHICAGO, April lin your ropiy to my arti-
clio on the resumption of specio.psyment and
tho uno Of silver eoia to accomplish that object,
you etato clearly the position take. but proceed
to Riro your viows AZ TO the inadequhcy Of tho
plan suggested TO socuro tho object desired. II
sitter coin constitutes coin, 10 legal and con-
stltntona! sense, then, 1t appears 10 nc, silver
coin can toghliy and Justly bc used To aid in tho
liquidation Of the national dobt. AZ said In
the article alluded to, It would DO Just md right
to mako tho silver dollar equal Ia purity aud
weight 70 tho highest standard that had ever
been rcquifod It should possess; and. when SO
eoittd 1t ID NJ truly cola as the required purity
md weight Of gold 70 make gold dollar In gold
coin.
In tho taniblc strife lucid ent 70 tho
abolition Of SlaVery, no incurred dobs
Of ouch magnitude tbat 1t will probably
circumstances. to liquidate IT, and. az our people
do not consider D national debt national blcss-
| ing, that policy Which viii moro speedily nc-
oomplish itH payment B surely the uieost and
made to pay tho national debit or to aid In doing
| 80, then, tho sooner wo have = silver coin III
circulation, tho better It wll bo fer tho nation;
! Md tho larger tho amount, tie greater will DO
Lll1 UoHGut. IL tuab 0uu, l Woulu 6uBEoek tuAk
ali tho fractional currency be frst Withdrawn.
bat to obtain tho bullion ia the first point to bo
settfed. aud would suggest, Al tho bost possi-
bio plan, tie isaao OF intorestpayinH certi1catas
tho bullion could be purchased; tneso certia-
estes to bo rodeomoa: at tho option Of the
holder, In por cent gold-ooin bonds. pay.
hble in thrty Of forty yeara. The fractional
though il is not probable .hat moro than ESQ.,
000, COO would bo returned for redemption. Tho
only objection to this Vonld b. tho interest on
s4U,0U0, QUO until tue bullion could DO coined It
indobtcduess and would coustituts = circulating
medium Of $40 ,ooo, 900 equal TO gold, and AFFORD
aid In resunng ep0cie-pAymeut by placing
so.ooo, 900 in circulation equal to that amount
| in specle.
am not Informed as 10 the ability Of onr
minta to coin silver, but suppose that their CO.
pacIty TO do 90 Ia, or might bo sehdily uadc,
equal to the coiuing Of s4O.00o,0 600 annually. II
silver and the printing OF $40, ooo, 600 fractional
equal to tho interest On certificates issuod. and
that objection would practically be annihilatod.
withdraw from circulation al legal,tender bills
Of : loss denomination than 80, and tssuo in
| terestboariu1 certificates of tho character be-
fore nhmed with which silver bullion sLould be
ininta for one gear and this silver coin should
bo employed to pay of An equal amount OF Gov
ornmont indebtedness. In tho meaut,mo, tho
national banks should ba required to withdraw all
bills Of q loss denomination than elo which thoy
were not ablo to rodeo1n at sight in gold 80 that
| thoy thould never bo compelled to restrict their
| circulation below tho commercial necessities Of
the county, for fear Of being called upon to re-
deem in aPssio .,d eoy bills ct larger denom'ns-
medium could 30 secured among tho
industrial cisssos, and that portion Of
tho community. at least secured aeainat
the Yoriiicasiou Of tllo Old adsge, "Take caro- Of
tho pennies, and tho pounds will tako care Of
themselves !" for. when tho msgs were In pos
| session OF metallic currency tho other claAsos
Mover. in the history Of tho nat!on. wero We in
posnosaion OF = pnpcr currency whore tho bill
holder Has as socuro from loaa or depreciation "a
| at tue present time.
In your zomazka uroon my communication, you
| Bey that widespread conateEnatlon pEcvAils 10
| India in consequence OF tho depreciation Of tho
| value OF slverl shas Germany has demonetisod
silver, and Holland Also cxceps for amal change
that Franco viii IN 1873 discard It tl4a: Italy.
and that tho silver Of tho Whole world Mould be
| thrown upon the market aud deprecated to 80
or 40 cants on tho dollar. II this should provo
to be so 30 much the bctter foE America, until
our national debt Of nearly q, 600 600 COO should
be s1tiuguished. Hut lot it DO uudo1Atood that
our bonds eau legally and Justly bo paid In silver
coin, and the amount Of thom hold by forogn
capitalists will sooute ths world against any euch
depreciation. Silver money has ever been fA-
yor1to among tho Industrial, producing casses !;
and it was tho boarding up Of th!s currency by
tic people OF Flanco that enabled that pAtton
10 tho Astonishrnont Of tho world. 10 pay tie
vast Indemnity that ae1mauy domAudod Tor tho
withdrawal Of her armies from tho territories OF
Trance. That country usod the silver to pay on
tho war-lncumbrRnco and ahAl America COM
nit Tho suicidal act Of neglocs!ug 10 profit by tha
samo couras7 l truss not.
The maxim. "Quoa Deus yult perdero rr1ua
detnsnsat," was nsves more wonderfully verified
than by cur Southern friends whom thoy NJ.
temptod 70 sustain BlaveEy by plunging th.
nation ioto most calamitous war to accomplish
their ob1oct. Aud II 1Io, without whose uotics
not apsrrow falls, permitted the shedding O
co much blood. tho loss OF 10 many lives, AM
tho burden Of 50 vsss debt that the oppsossct
and down-troddcn slaves might go FREQ, Bhal
not We tako advantage Of the RESOURCES that TIL
ksmo Ali+Wlso proyldanoo has stored In th
boaom pf tbs earth to ouAblo us 10 meet the YER
contingency that has ariaen7 H. Is beliavo,
am right Ii the position that silver dollar ia q
legitimately coin ~ : gold dollar Ia coIn, thc'
will confer moro important favor upon th
country and tho people than II has eyof bofor
poen In thott power to accomplish aud hop
III party pre1udtces may so far be laid anlde thA
all will unto In an object 80 desirable - th
payment Of the national debt, and the auccea
Of q sound, stable currency. II.
Tie rRbts OF women arc beginning to b
practically recognized In Mexico. Our lAtee
nAils announce thAt - band ct nina wone
WAS kurprised by the Mexican police carly i
March Whalo II tho set q breaking l9Io
American women no spult2
70 Ex0HANaE. =
1S0H 0HETGHxE0E~FoR sioux oF GOODS, 10, q