The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-12
NEW YORK HERALD MONDAY JUNE r. l876.-TRIPLE SHEET

Brcklayers' Union are heart and soul In the move
ment. They tell mo they the folly OF strikes and
recourse 70 that absurdi,y The laborng men OF the
country seem to have confidence IN as one Of them
selves, aud that may make diincult and incxpedlent
TO substitute Governor Allen Tor me, but ifcrsenty
hope and pray 10 effect that end see BY the HERALD
that Ben Butler suggests the name OF DAVIS
and Banks good soft money ticket 1
don't know DAVIS and Banks was not pronounced
enough, think. No my cry is stil Tor Alien. While
poiticians are poucring about place and so-cailed
statesmen are dckcrng Tor occ the nation staggcrs
on toward bankruptcy. National bankruptcy and
universal bankruptcy arc MS certain as fate, unless
some unforeseen fortune turns tho tide OF events. And
what has caused II a When We look into the history
OF the past for tho OF those periodical plnics
that have brought financial rum on - many OF our
people we ind hat all those occasions. as ia the
present paraIyzed condition of the trade aud commerce.
OF the country. tho main difficulty has originated IN
The unfortunate financial policy adopted by the general
government poicy that producing Tor our people
what the policy OF the British government has brought
about Tor the people OF that country. where
has, in comparatively short period been transferred
from 10000 OF the past, 30 900 landowners OF the
present Aud this whore the most rapid increase OF
wealth perhaps the world also attended with The
worst and most unequal distribution, and where, IN
stead OF fused happiness and universal prosperity,
the ricn grow richer and the poor poorer oy constant
vaciliations in the measures oil value Our own gov
ernment instead Of taking tho whole subject Of money
aud currency entirely IN its hands, as provided Tor W
the constitution, allowed for time, local banks TO
multiply ana continue until their notes. which we're
promises TO pay specie demand, became mere
delusions ana tho best informed and most prudent
merchant found II impossible TO distinguish those
that were redecmablc, convertible into gold,
from those that not The chartered Bank
oil the United States In the first our years OF It's opcr
ation ISSUED $40 600 600 of paper with only 100000
in specie TO redeem It's notes Banks evadcd tho law
by issuing paper that they unable 10 rcdeem The
reason OF this lay the fhci that the demand Tor cur
rency al times fnr OF the quantity that
could DO reabsorbed into gold when the currency was
longer needed.
REroRrEn-And II you tho soft money candidate
should be elected, you would do your best 10 mako
legal tenders the
PERMANENT CURRENCY
of the country, the volume of whcl should not be
creased nor diminished. except capita. with the
population OF the country
Mr.. CoorER--Precsely And the very irst result
would be a restoration OF confidence. without which II
Is imposs BILE TO barter trade And then the tide OF
immigration would begin again. because could ol1er
better reward for labor AS 1t is, comes and
many go away
REroRTEK--li Governor Allen is not acceptable to the
Convention, or II being acceptable would not accept
the nomination, you will continue candidate
Mr. CoorER-Ycs, sir. ! have not sought il. II Is
fraught with annoyance and distasteiul prominence,
but shall stand darcsay tho papers and tho poll
ticans will abuse and deiaue me-not truthfuliy, but
fasely-but owe duty To my country, aud, although
1t may cost me my lie, am ready TO meet the cmer
gency.
DELEGATES
will attend the ST. Louis Convention with monster Pc
names, and all the customary machinery WILL OF course,
he put IN motion. II VIII be a time OF excitement and
turmoil and tho end will be non election Then the
House Will meet, and the soft money candidate will be
chosen.
REPoRrxR--And his name is 7. Cooper
Mr. CooPER-pcar me, fear so God knows pray
ngnnstit earnestly pray for Governor Allen, but If
ii must be Cooper, Cooper is prepared