The New York herald., 1876-07-26

country What IL government good for f IN such .
country ths, with all IT'S material resources and
vast extent 1t cannot prevent a large portion of ts
people from The distress Of want Of work and OF bread
This seems 10 me
rng FIRST DUTY on GOVERNMENT
Sorry am 10 see, and say II without any rcprooct
cast upon the integrity OF those concerned. that In
neither OF the platforms OF the political parties that
represent the governing Intelligence aud wealth OF this
country Il tins great question o finance, ether cis-
cusscd recognized IA It's principles or bearings upon
the happiness ana prosperity OF ths reopieexcept 10
a way thai secmJ 10 me adverse TO both
have therefore consented, with great reluctance. te
before he pcope--not the strife OF office not ioF
tae petty irumphs OF successful candidate. but fui
the wind cation oi great prncpie that nnderiles AL
true republican or democratic observation-disclosures,
that the happiness OF the whoe people
superior TO the demands or interest OF any one class
that The neglect defiance OF this principle the
great debt OF ih's people incurred By the
hle OF this nation, has been administered much ny
the advice ana Ia the interest OF small class that care
tor their income but cannot look or attend
10 active investments, hence they prcfef
me bond to me cnrressys and Tor an
the smallest investment hence they prefer gold
to payer legal tender and for slid another class who
alien TO our institutions and country. only to
lis energies and wealth lnr the highest interest they
draw immediate Investment OF their money.
But these the interests OF the people OF this
country. Neither honor nor justice requires such ad-
minlslration ~ tue pubic debt OF this country
iecl. Therefore constrained by every principle OF
honor aud love for my country to come
forward, at an advanced age, and with
the Call of portion OF my countrymen. 10 try these
issues before The people OF the whole country to test
these truths VII ca hold to be sclieyident, soon
they honestly examined as are the truths OF the
Declaration o Independence. One of the chef of these
truths is tnat All lhilnI governments made Tor
the people and by tho people, they must DO admins
tered with parental the interests Of
the whole pcope and not for class No
and prosperity OF me people as this ono
OF the currency; and in the present condition Of
the country, none rs OF 20 much lmmeduie nport.
calls Tor more immediate solution TO pnt or
this question, therefore with expressions OF
reform and the desirableness Of spccio paymen's' Is
TO ignore
THE RULING INTEREST or rng norR
II Is to surrender the people 10 their suneriDgs with
out 3ny promise OF remedy.
appeal, therefore from those who seem inscnsibs
TO tue cry OF the people TO the people themselves
| appeal from the political parties organized 10
control the government and distribute tho offices
aud cnoiumcnts of on!ce, to the great industrial
classes who organized to protect their interests
and Obtain some recognition oi their rights from lhe
government OF the country. Let them substitute co.
Tor ''stTkcs,n and themselves
and tho country from the present disaster aud distress
to all the industrial classes. Let man think OF the
bullet while he has the bal ot in his hand. IL needs
but the use Of that simple instrument OF political
power 10 rectiiy all dsconents and social evils
Let us have our national currency duy honorcd: let
take the testimony OF the nation experience, and
that OF other countries, as to what such cur
rency can do for our prosperity let the gold par he
reached by rendering currency oi higher aud in
dlspensable uses, now eXcmplidcd in France, and
moi by contracting its amount and let It's volume and
It's value be determined by tue inlerconverble bond,
placed al tho disposal OF the wants oi the people and
governed by all the forms aud sanc,es OF hw, aud
surrender the currency To Inc evcr-cnangtnE
OF commodity Ike gold and we shall have peace ou
thus question: Justice will bc established and the
general welfare promoted prosperity agau, w'll re
Us, and shall tho wisaom al1 superi
orily OF our Tree institutions before the world
France, WITH her cooSo1;ovo Of legal paper ha
her paper receivable for all forms OF taxes duties and
debts.
VIEWS upoS THE CURRENCY
have heretofore briefly expressed as ollows:-
The worth or exchangeabe value of gold Is unccr.
tam us other products human labor such as wheat
%
depends its convcrlbllty INTO something else that
has value al the option OF tho individual THIS rule an.
Idca to paper money as 10 anything else But how
shall government give an cxchan2eabo value 10 q
paper currency Can 1t be done by standard which
Is beyond It's control aud which naturally uctuates,
while The sign OF exchange Indicated by the paper re-
mans the sainey
''lhls is the unsound theory which possesses tho
minds OF our people and OF our politicians
1--WE must cut loose from this unreasonable theory,
we shalt be subject, for all time, to these periodic
disturbances OF our currency which bring such vide
spread ruin and distress TO our commercial industries
anework, on The part oil the government positive and
cruel injustice The remedy seems 10 me 10 be very
plan.
Eirsi--wc must put tins whole power OF coinina
money or issuing currency, Thomas Jefferson says,
where II properly belongentirely into the hands oi
our government That government Is repupici
hence under the control OF tho people. Corpora.
tions and States have hitherto, lorm other,
divided this power with the government. Hence coma
tho embarrassments and tue fluctuations, as may be
easily snown.
''But must trust our government with this
whole function OF providing the standards aud meas.
Of trade SO lar from putting tho people ~
the power OF our government, and at tho caprice
OF parties ia power contend 1t will bring the govern
ment under control of the people and give a
check party rule For the more stake the
people have the wisdom and honesty OF the govern.
ncnt the more watchiul and firm they will DO in itr
control.
Sec0ni-Wc must require the government to make
this currency, all times aud at tho option OF the
dividua convertible But the currency must he con.
vertiblc mo something over which the government
has entire CONTROL aud To which 1t give definite
wei rs "a permanent value. This Is its interest
bearing bonds These are, IN fact mortgage upon
the embodied wealth OF the whole country The real
ity OF their value Is sound aud permanent tho
itself aud the degree Of their value
determined exactly by the OF interest tho govern
ment may think proper TO fix.
inc tme has " hen the claims OF n common hu-
mauy aud all that the manhood OF an Amer.
lean citizen must unite In demand Tor an ACT OF CON-
mon justice now due 10 the American people who have
saved our country from RUN, and will, trust,
forever protect IT, The constitute has made IL tho
nrst aud the most important duiy Of Congress to
tablish justice, insure domestic tranquility provide
for The common defence, promote the general wca
and the blessings Of liberty to ourselves and
our posieriiy'
my personal friends need say that this sacri-
fee OF peace and rest Is like the surrender OF what
nant OF lie may have But to The country at large
Will say that AM willing To stand IN the place where
have been put by the judgment OF an intelligent and
honest portion o my countryncn, TO siaud with them
aud before the whole people this oi the pso
piss money and the true financial policy Of ihs gov.
crnmcnL Most respectfully yours PETER COOPEP