New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-02-25
and thus make the 1eenback useful and valuable

and thus make the greenback more useful and valuable
TO the country than gold o.,.,,., r,,,,
bonds at a fixed rate OF interest you Xix at the same
time the precise value OF tf 1 amount go az to met
tie tver wary ing wants OF trade and commerce. ut Ny
is ever VARYING In price, you have 10 nIed ana unnuc
tuating st.nard OF Vauc While you nave no nclhs VI
regulating quantity IN the country NJ any one I'ne
The greenbatk pohcy would most earnestly advise
may be thus briefly expressed - -. ,.,
first Fund the National debt into one series with
interest at 65 per cent principal and interest payable
ia legal money of the United states -. l..
Seoa@ ia C CS d l a the SAME ny III
Third Compel the National banks to use legal tenders
Congress mahlng legal tenders our entire circulation.
Fourth Estab.su bureaus, where bonds and currency
can he exchanged at Will.
Mr.. Conllng moved division of the question, and a
rising vote taken Oh the first part of the resolution
which 5 as follows:
ResOlrtd, That a general resumption OF specie pay
alike Indispensable to the reinstatement Of our
hnapcia affairs upon sale and enduring ba IL; To the
restoration of confidence and activity i'll every branch OF
Industry and TO renewed success IN all the pursuits OF
commerce..
All voted In the affirmative except two. On asking for
the negative votes Mr. Cooper the only peson who
The entire resolution Of Mr.. Low, published in yes
terday's TRIBUNE, adopted part by part, with the
exception OF the Sth and 18th parts which were as o-
lows
Eighh Whenever the United States Treasury Is On
abled redeem lis notes in CON II Will sustain sir
relation 10 the banking institutions 81 cur own ooui
banks Great Britain but, wi,n one important diner
cnce viz this The bank has the power To c.Cch uIal
upon s Golfers by raising tue rate Of interest NO tUcb
control over Inc value OF money rests with Tie treasury
Department the United States ana IL matters 1tilc
what pan OF resumption Is adopted, or what amount ~
coin is provided AGAINST the date OF resumption unless
some provision snSdC against the outflow o coin to adj
just tie balance OF trade with foreign nations. Two
amendments tie National Banking law would seem 10
Oe necessary to ct the diiicrity Sugscsied:
| should hold NJ The aggregate,
and III proportion their respective lab ites it"m one
hat Of al Tie "tgalehder" NOES srtS' AT ANY
Dg the Iea~ury Department.
z. obligation ana
hhohd be the u
rate OF interest ,T cent as will enable them t"reah
tius, l.nto'tliL
selves project Treasury from bankruptcy rough Az
from time TO Tim might, III ms
c.iy ,y ged with the Igouse OF committee
lts mcinIors. -,
WAYS either funding the excess OF s3OOOOuuCU inio
( 4l2 bonds, NV tine imasit on ri duy on
tea coffee tuTGtr special enactment ior lis rccih
puIpOSc PAYABLE in lcgatcndcr nOtrs-Wilcn shll %"
cane, rccGiy cdthe law to continue n io &c ti
all are destroyed.
These were referred 20 the Finance Committee. bill
to equalize tie value OF gold ana egaltender n0es
was Submitted the meeting by Wallace T. Groom, and
laid upon the table. Mr. Ruc.css resolution Of proest
against any action the part OF Congress 10 mpur the
law % lSG2 was passed. Toso,atiOn nsiIuctng the
Secretary tie Chamber 10 forward copies Of the rrrolu-
tons to tine members OF the STATE Senate and House of
Representatives. passed. after which the meeting ad
Ouigled.