New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-06-21
OWENS COLLEGE, MANCHESTER, June 7. 1876.

Gr0RGE WALKER, esq.-Dear Sir: ,hank you for your
letter OF ed ay and for the report on senator Sner
have no doubt that thc United states Government
is in position in which their decision upon Ine
weight and value OF the dollar viii iniut nee TIE future
currency systems Of The world more than anything ese
could do. II Is impossible not to concur IN anu adhLIe
the spirit in which Senator Sherman brings Forward us
scheme but for two strong am sorry TO think
that his scheme is mistake In the hst pace, tntre ~
not the least probability that the English people wiz
rcyOlntionize their currency aud adopt dollars ana cents
the dollar made an exact fraction OF the o9n
u he II nronoSed This IS not because preu-
49, 'o p,ssSnst tbe dollar more than any other
new unit but simply because tho English peop,e,
80 lar as can Judgr are intensely conse tt
the scotch aud lsh have constantly used one pouhm
notes throughout the present century the Ehs.sn T
nave none of them No change OF any importance mas
made in currency arrangements since iol1, anu
two three proposals which DR. Lowe was 50 pou ' 70
briry forward were All aegaycd. thus take 1t 10 be
altogether ont the question that 30 extensive cihge
that involved in Dir shcrinans proposal would be c-
cepted here any cacuahle time The result, tnoi
FORE would he III no apprecable degree 10 IOr"ln US
objects and il is probable that the eject would DC
of am opposite kind what he wishes Inc cope OF
the United states might rcay minterpret the motives
leading to a rejection Of their proposal
In the second place, even II we accepted the dollar as
the lth part OF pound this step would do away WIN
The largest part o. the population OF western EAIpfe
and some minor States elsewhere nave c0HClNsiSciy
adopted The franc and 1t Is not TO be ehptceu mat ny
would rclnGuisu for many generations AT least H. on
the CONTRARY, the American dOa were n'dc Cfuli 10
international currency would be established Tie dii-
Guilty on tue part america would hardly De greater
than In the case Of Ar. Shermans proposal, ana the
chang, would bear fruit 1T The coincidence between
the American dollar and the French ecu TOd gave such
prestige to make them certainly TN OASIS
al az. t,ttur, international. OLner MINOR
nations would aftcIWad be- sure 10 take either tHe collar
or the frame "A, Their unit OF value Already AS you Know,
some inclination ha, shown by tie English Govern
ment 10 make the English pound equal 10 - francs
&, reduction Of Iaincr less than i per c-n),
without further change IN our money; but oven ms
slight alteration decsgcy Rejected ny the liolac Ol
CDmmOLs The partial accession o. America IL te franc
Eug sh accept II tue Eusel were 10 accept
tnr Jr and cent the change would be so great tuit
the nt alteration IN th5 value of tnc p.uul tlei r.
CURED CESS ia u on. Pr cent? would surely nor pr
thought ol any Importance. Ca chose bounds IL - iidt
tnx the assimilation OF the American dollar 10 the
iyc-irauc piece would De Tue most Nhely means 'NaFi
Tie ultimate adOptcu II the dollar IN EnsanI thc As
tlaa colonies, md other PAGES where Lnc sovereign -
nov strongly established. OF course am ohy express
ing ny ow udiy iGU opinion; but ain oiIad ina TO
mot Ill al cXdggrrate the Ciiculy oi making any unlie'
datr chance ihe English currency. | REMAIN dear
slf, yuuIs, very rtspec, Itily, hIANLbI JENONs'