, 1877-10-13

Spsr4Ai Ftkpdfth tn me Ehlc1Hu 1f55Hns.
New YonR, Oct 1o.-Thc San's Utica special
gives au interview WITH Ilorat[o Seymour: II
tiliuk," he said, "tlEaA the decentralization Of
silver was IN unfortunate thing. ills Of ITO
particular consequence whether 1t WIS right OF
wrunG In itself. it MAS untin'ely. 1t invoIvcsl
qucstton with Witch tic people had not bccu
made familiar. We were going along In
tic right direction before TINT. Tic
necessity nnl prnctcabitf : of.A re-
turning to a. specie basis: Sow
the rev question Ii forced upon Us, What con.
stitrtcs q speric basiat md On that question
great diversity OF opinion 10 developed. Hnlf
thu Number who hare contributed their Efforts
towarl disseminating sound financial tluctr'iles
arc at yarlatrc with the other half. nnl the !c-
moneti2nt'ou Of silver has tauscd ttounIc. The
90 not .nran by TINT to east reflection on those
VINO introduced OF voted for IL, but wilnt nIean
10 tisat the pcoplc were wholly Ignorant Of tho
scope os ths law at tl1c tInie Of It's passagc."',
Mr. Seymour said: :" You lessen tic yaluo OF
anything wl,cn You lessen Its use. Tue chef
t1ec ot silver all aver the world is for coin. A
general movement iookiuv toward tho demon.
States necessarily diu'inlsllcd ils value so5uc-
what, hut not vcrT much. doubt Y a1,y other
commodity, not excepting gold, could stand as
firm against such Ut, attack. II silver
WEfG FC&tOrCu 70 tLa s0iu p!aCd III Q4T
monetary sss.em, | am inclined to think 1t would
hu az valuable now as It ever WIS. The effect
OF double stnlIdA1tl ts thnt each regulates Tic
other. III making valuable rloeka they have
what they call q compensation pendulum. ONE
kind Of metal contracts ami the other expands
with the variations in the woatllcr. and thus q
rerfccs balance IL preserved. An idea like that,
/ think, Wis Il, tho minis Of tfloac who made
gold and silver Tho bass Ut our eoinagc. 1t las
nut operated badly. II tl,oss who haye studied
tho subject found tlat change was desirable.
1t was rtenrl7 their duty to fmily inform, a,,s1
educate tho pablo mind Gctore they secured the
enactment ot tho law.' As 1t Is,
snunt o{ tic creditor class against the debtor
class to nakemors onerous tho burdens of debt;
but tho bnndholdcrs und other crcdltors n,llAt
hn sarctul lest they ~ too fRE. They cannot
afford to provoke tho antagcnisnl Of tic debtor
class. They arc entitled to all that Inv
payment tn coin, It Is not for them to dictate tue
kind of cs,tn. The restoration OF silver to lis old
PLACES In o.tr system will not cure the evils which
its decentralization produced. Reconciliation
NAV even have the effect of lpatring our credit
But for ths law u ls13 uo such danger would
| now threaten tls."
Insked. "Woull rou tlhvo tho silver dollaI
Of tue sums value as tho gold dollar, or would
| you haye two standards a. well ns two coinst'
~ would lava them Of Ut equal yaluc. II pos
| albIc, but tho determination Ut that value Il
| part Of the problem. As have tried to cx
| platn, tl,u value whtuh silver wuuld have II Il
were restored tu It's oll place cat,not DC ascer
monetizcd. DESIRE tho restoration OF silver
not aa means Ut avoiding tho payment Of anl
| mart Of our just debts. but bccausu silyeT Il
getting to be me 0f the great products OF OIL
country, and It Il not Desirable thut the lsts 0
any Of our great products should bs lcssened.