, 1876-02-12

be abundant. All present vAluoa will 10 telucea
ut nnee TO thy extent ct 1e o. 40 pat cent, oxre.
ct1rrc',oy. tThat vii Gully bo for fnsufe oHers.
lIons ha"ctl TN gold contract*.-En.l ,lnloed
tho reduction OF thn currency will prol
aSv hs n,ss,+ b. s s5ao s*'iss Ssoas r ,H ' To-
1n,lat bo Withdrawn and tho Vacancy grndualt1
flied. A. far ~ IL Il let1. With Rold nosns. Il
aeons 10 mo that might 80 on indef'nttny In
describing the tsisaatroua results that wonid to-
low tho adoption Of tho measure you proposo{i)
1 n,ay bo miHtak.n Il hnso bocn toforo nov,
but lilo niuro / tOloct nron 1t tho moro 1t a1.
pearR like Pant1ora'a box prolnclD4 tnilunle,s.
bio evtla, aud not leaving oven l,Dre r. hoh.na.
dorAnging al busit,cas, producing confusion and
dstroea among tmstl Iealots. and providing
rich harrcat for tho kosn csptalias, whom thesa
ih direct easy ~ anl honorable WY io 10
loranginp business IN any way-h wav no oaa}, ID
fnct, that no will suffer loss or inconvoncnco
That WAY ia simply for tho Government to te.
doom lta pfom!soH. u tho gteonoaoks are paid
[,rLo Government has outstanding si2u. .00o,oo)
OF notos. including fsaetionss. Whore, whom, o,
ilow Ia the Government to got st20 ,00o. mo ot
gold to rotloom this paper? Tho nnawdt TO That
question has puzznd the wisest hratns IN ard
out Of Congress but our correRponslent saws II
ID easy md simple. and simply = for the Gov.
ernu,ont to rodeon its rroua'sna." Il somo M
tIoo would make present to Us Of $a29 ooo.o,o
enough, :; but whu will do IT. 2-Ep.1
II II is found that tl,oto Ia moro goid than II
needed for uHe os currency, some nt y will ol
courAo disappear. Dnt tho process will DO grM.
un1, producing no diHtrosR nor .paAfc, bccauHoit
viii hardly be perceived. 1t 10 by no means car.
tain that the volump Of tho currency will III tlt
long run DO much reduced. for, confidence bein5
established, new. cntcrprsos will arsso and new
,ytI f11t MI fFr oIr
fa'l0h far from Of taI,nR ' Will 0 bo p'rs gato si
llkoly to riso.. Tho debtor cannos complain II
h!a aroonbaok ~ appreciated III Taiuo by no
debt. The bnnts will 70 right along without
any disturbance l., their operations. Dusinosl
Of every kind will rccetvo now lifo bccanao oi
new confidence in the future.
Whethnr tleHe yiewB arc correct or not, 1t Ii
suroty worth while to look fairly and deliberately
at ali tho possible Consequences OF measure 81
full Of i'm portance for woal or WOO to tho nso
plo OF this land. Q. T. B.
Mr.. BuRCHARD's LETTER.
To ths Eti,tor of Ths Chicago Tribune:
GA1yA, H., Feb. 10.--1 havo carefully read
Tho communication Of the Hon. uoratTo q.
Bnrchasd, published iu TIE TRIBUNE Of tho 9Th
inat, and SEQ SO much mora OF good. honest
aonBe In 1t than scems likely to onanato from
Congress for long titno to conc. that leel.
tato to critlcise It, and will only rofer to liza first
proposition, which In as follows ~. It ia just
that tho bauks slould alaare With tho Govern.
mcnt the cost and butdon OF returning 10 specie
paymentH."
Now, this proposition contains one, ifnot two,
errors. lt--assu,nos that ths Government y
| such eau act independently of the people. That
in Bomo why the Hoyorumeut can boar burden
that otherwlaa would be cast upon Ito poople.
This Ia o popular fallacy. Congress- eau pass
lava requiring tho people to pay tloir debts In
money, and this will amount to contraa. among
alI tho people will! each other to do 80 !; bua
Con grosB or tho Government can take upon 1t.
Eolf no burden my moro than it create values
| aud IT can no more croAeo VhlueB than 1t can
! create a rainbow 10 span tue hoayons: Tho
Government il simply mn absorbent. It can
p!undor the individual OF his property, h,lt onoa
tho money Ia spent, it csu neyor 10 roturnnd un-
loss 1t ho obtained by pundcring somebody c!ae.
Banks arc artificial persons, and should 8hnrc
IN equal burden with natural persons tu return
ing to specie nayments and no moro, TOR as laas
all OF tiiotr property is owned BY natural par.
sons. aud to impose upon banks greator burden
than IB imposed npon natural peraons is 70 i'm
poac greater burdens HPon ono class OF nhtufh
'rhia in jnst what tio F" Granger" legislation o.
tho Wcat tlas boon attcmptng to dc. with rail
roatla anil w!lIlo the plum ID not cutlscly unpop
ular sol It must soon bccpme 30, as the stup!des
,sI,nthar Il Ia ronrrcaa' f,nraIntnro' nr eycn
,nainr;tv ~ tllo ,oonlo' that vii plunder on,
class nr ,n.nrcst viii when oecas;on ronu}rca
ninndcr sncti,cr ctass' md Ko n1thnr ia sec1ro
Hatinnni ntna. lIl,n intliyjnunls. shonld he 70
on1rnI ~ nav Ihc,r iiohta in n,ouen.-not hy civ
u" n nosc NJ The Goyorntnent, for tIle uoto 81
nnvnrnmont nr of a bank ia not nousy. il
s,nn1v cTotlit :. and Whenever II becomes nortai
that @ Tia Goxarnmout or bark w,,i uot redeem il
,,,,ta n ,nonev fro:,, that moment Tia noto bo
nomos totolly vnrthiesa and no powor on cart
can malsn K otherwise. 70 touuiro Natlouu
Tsnsa r. br.v, Toli ror vcnra viii do m coof
in,t ~ ~ rsnnre thcm to nan otst col
vi 1 su,o, ,"l. ~ +or"ir r., ra,rrr ~ snon
I | r.v,nnntx r. Inn Hnycrnmcnt md Natioht
f1snks arc required to hoard Cold until oao, 10
cssros enough to pay It's debts tnoy Will Hoon &C