, 1877-08-09
THE CURRENCY QUESTION.


nent Would THEN Have to Sell t,n firecu.
hacks for Gulu. and Lore Money rherebr.
Ia ths Editor Of Jat Trtlnne.
- -, a..,...,.
s., e"ae*.o, aug "-t' 5cs'e1uaS Issue oi
THE TRIBUNE you quote from the Springfield
Ql.) journal its substitute for tho third plank
Of your financial platform, VIZ. h8. Restore
e,,.r -. ~ or;,,tna, u',u,o ~ m ~ ~ tx sn1
uni provide by Inv TINT there SHALL bo no
further contraction Of tho lgrcenbackI cur
.rrs n e.re tSo t,rrl s,o,, n tha Ia..,a, ,r;,,
aeree 10 1aHs III, tnuu Sup !" tao .o,.F'a VIII
explain low the 'ceal-tender silver dollar could
be made to circulate with tho lcgal-tendcr
:. T1,. co,t1or md loya,tv y, trnth +. int .,ot
A'e 49,. ~ I'M ;. sao' "'at
We "ou'e eapss' 'tens LUZ a"lhusEi aou
have no uoubt TINT, II tue position OF tile Jour
sta! cail be shown tena5e, TIE TRIBUNE will b.
win. tn },ayn tin t-ut, estal1t.het, l,v npv onc
~, ,,.rn ar,tv.1' y, ,o.t.,.1 IT, ,,.,,,ss ~ wy
a',s'a .a .'.'s. s,'-.,,1 w.. 49, .,... VI
iihaces' wheh we shou1a lay aslae cpthcts,
treat Our antagonist with candor, aud follow tho
Legitimate consequences OF our reasoning wrr-
ever tticy shall lead us, This, then, is tho
pFie'eta; u ,.hc i, ,nv mat ,.rt,,,,to, n
oi, ,nr,n:,,t ~ a.. ,rt Of tx @
~, M ~ ia .inirs w." ~ ,.atci H., q
~ ~ w., on,, H. Iu ~
s.or H. an;r ''''e' "eep :" s"'o "'io
i,,ro ..orc T., n. conc,v.ton affair ,,,,,,,
ass se&MG " aus cutc,usspu' altcf Muta
,rst ae,gron H. au .t,o esa'pn tI. .i. q mai ~ ~
asss ,, s,.u gs'., .i..'. .tns LIZ - poee'oe' ao
no,t..t" sis nronn.Iiion wi,iri, ro,, o.,fo, n.
S,seor .,.. a.' IT. plnpos'to msS. JOY usaea as
ton, xni.tt, lam m,,,. ,c t.,, hu a. ~ NIL
iclens Ri, lSiatNe fAlne. e!fe;tlate, tae cLcnleI
,Iosty W. H., usnS ouL Luz .Sa'e .ta ,.sai eonset
Mt aso 9t1 sI 'eTisn,n o,, y, s c nas,y ~
w % u.'as, ,,.s,,o,.n s',s,a,,
lug 4nes1t,1n, hnwe'stt Iesnalhs IL sucn leRle-
in.o IT, n,nris ~ nm h.. t. b ~ over.et ia .c
t'otcs are not "nnt tAcr nat'lo inp!les,-truly
e lhey ase noi, ann ~ ngssT @ naYs
nctH. lHey u!s tuL lsectaplo !ur shtcs "
ineorts' n9r J":anR *tng s'1sT'7eat 3a', htss ~
tween cltlzens. a!nl mas compelled !ts GFcd-
ttnrs 10 asycpt ti1c,n ~ payment, cxrent where
otherwise provided y co1sraci; and has. at the
by refs s u feesy. tc Ii IL ot ,f IT,
dues. louF correspondent falls into remark
ablc error t:rceniacks have been taken by tho
Government for all kinds Of faxcd aud debts:
except for duties on Imports; and Inns l,atl
thctu out for everything, except for interest IN
coin bot,ls' and In redemption Of the eumc.-
Ep.J '.
contend, therefore, Tint, II any reason ever
ncnt Of these notes, i ha. NOW ccasta to exist;
and that Congress should. tn tho uxtent Ut at
least 81 per rent oI the revenues. .ulakc Treasury
nt1tcs receivable III payment of all apecica of Its
ta8cs.
lay down another proposition, to which NIL
certain you Will aeycdc, vtz.: More than u,lo
sspcclcs u money cannot circulate vt tho same
time. aud DO kept ut par with each osilcr lt,lcss
they all hayn the sA.1lc lcgat-tenicr element,
~! to tue same extent. Thls Is too eyilent TOR
discussion. Maku these Notes full lcgal.tcn-
dcss, and you will obItcrato tho past discount.
aasume shat silver will bo ualo Q legal.tcntleF
swtthout Limitation % to amount, and Tint tho
t,esAh1pl! ht Will ~ Repealed. LIT Congress,
then, further provide by law that at lvast a5 per
egnt o. .he revenue siiall bo paid III gold a1ul
smYsr eo.n. rcapcetlye|y; that 20 per cent OF tic
revenues may, 1T ths option Of the taxpayers,
bc l,a'a II ,GoYeFnn'cnt notes.
III, Ihls w create newuse for thcso notes, md
WV make thetn convertible into coln at near
Ea9. AZ tnt ssme Time, tue requirement that
~ pes esht " tse revenues be paid III coin Will
htop so!a @nu government 10y, notes In circulation
tosetnSr. = WI amount 10 y snbatanlAt re-
tlc!tiptl9m .! Tue Government notes. These
!lotca H!l tAke tnt place Ol, mid leave iu tbs