New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-11
OPINIONS IN THIS CITY.

THE EFFECT WHICH TIE PASSAGE OF THE SILVER
BILL WOULD HAVE or PUBLIC CREDIT-NEGO-
1IArIoN OF FOUR PER CENT BONDS ALREADY
srOrPED-TALKs WITH FRANCIS o. FRENCH,
HUGH M'CCLLOCH, GEORGE ;. CoE AND PETER
COOPER
The announcement of the unexpected
strength the gIcenback ana silver men in the Senate
and the danger of the passage of the Bland silver Bill
had depressing effect hardmoney men IN Wal-st
yesterday and checked the sale OF our cent bonds
II il understood thai negotiations for 81 100000 Of the
new 900 issue OF four per cents terminated
abruptly.
Francis o. French. a member Of the Syndicate, said
that did not think possible for the power OF evil to
prevail and tnat people which had passed the Red sea
OF the Pendeon hercsy had wandered for four years In
the wilderness since 1873 ana in sight Of the
promised land Of resumption would be led astray to the
worship o. silver calf 1.-The discussion - the senate,
he SAID, "mus necessarily be thorough and conclusive
and have cu.irc faith In the common sense ana IN
tcgrity Of TIE people at large when tn" facts
tfITl rmr6ssiIic that the Bland Bill, or any
other unlimited lcgal-tcndcr silver bll, can pas
Vro which The President viii give such measure.
OF an entirely different character nom such scheme. u
ton 10 gold The alliance between the greenback and
silver men IL entirely natural rs ine nCo' Jncctuat OPP
lion Of credit when must result rom -, the
would DE no further reduction OF interest or
the National debt; American securities would be
IA
this country long a, we hal goid ana silver 10 pay
nor them; The prices Of all Our cXpOrabe commodities
wond he subject TO NEW 5tt ~ c m t1
end me National credit would be impaired. and the
first falling oil IN revenues would be followed ny new
issue u lega-tcndors, law or no law
OPINIONS OF TX SECRETARY MCCULLOCU.
Ex-Secrctary OF the Treasury Hugh McCuloch said he
did not think that the proposed alliance between the
ercenback and silver had any great significance, be-
cause The gfecnback advocates generally had been Ia
d
oh "ct of the lance, Mr. McCuiloch said. us To
srcurc the circulation ~ and signatures petitions for
the purpose Of oodinG Congress, 50 as 20 create the
impression that there Is a strong sentiment among the
people in favor Of the reconciliation 81 si'-
YER. There many silver men IN this city.
Men who have mortgages to meet, or are heavily
III debt, favor such measure The Leading tnauciers
and newspapers all right the subject, but il can
not be denied that there Is strong silver sentiment
among us"
Mr. McCulloca did not believe that the silver men
would be able to pass the Bland bill similar measure
in the Senate by two-thirs vote, ana even If such
suit should De reached in the Senate he felt assured that
a two-thirds vote could not be obtained IN the House If
the measure should owe s defeat alone to the Presi
dents veto power, Mr McCulloch was % ne opinion
that the mex Congressional elections all the country
would be the most exciting ever known.
Mr.. McCulloch said that the advocates OF silver
uonetzation claimed every Senator whose views had
the following declaration from letter written 60 per
soual friend in tins city, by Senator j. T. Chrstiancy Of
Nj .hgan: II tie silver Bill passes we shalt have 10
more gold IN this country for years and the muts can
coin silver enough for the resumption under four or
H.
and 10 the level OF silver ana all debtors may ana VIII
Ieuudiatc 20 tb4t extent"
"Thcse views" said Mr.. McCulo'h, " from Senator
who has been clamed by the silver men, show that when
the vote is taken the boosted twohrds viii not be forth
coming
GEORGE s. GOES VIEW
George s. COc president OF the American Exchange
Bank referring to the proposed alliance Of the green
back and silver advocates, said " II looks like Il
spiracy against the Government and direct stab at the
public credit The effect already has been 10 arrest ali
sales bonds here and gold has advanced on account of
the rear the passage oi silver b The lna effect
of the Bland bill OF Senator Mathewss proposition
be put Government bonds further below silver
tnan II is now below gold
PETER COOPER on SILVER AND GREENBACKS.
Peter Cooper, who strongly fayors gresnback cur
renew said Yesterday that he had read that the silver
men i'm Congress were DESTROYS of comforting with the
Grcenhack Association OF the country relative TO re-
sumption and the RECOMMENDATION OF silver. He thought
The two parties ought 10 unite 10 secure the remUnc-
iization OF silver. HU regarded this one important
gUcenbaCk basis. II was great nllsucet 10
th nrope he said the debt OF the Nation III gold
In the place, the bonds were to be paid IN greo-
hacks: then In either gold or silver; then CON was
al might silver demOnet zcd At mat time silver
was worth 3 per cent premium. These diucrCnt acio
defined 10 mean gold, and In bill with an obscure
tile and a. he had understood passed Iale
caused limited States bonds 10 Isc IN value IA foreign
market4 and nut money M the pockets OF capitalists,
and were ra cuatcd take money ont OF the earnings
the people lie was in favor ot reh0netZne sllEet,
and OF pa ing of the debt OF the Nation with H. Suc
am act would cause bonds 10 dcprccate slightly No ~
Justice would De done the bondholder ne thought
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READING MISMANAGEMENT.