, 1877-06-12
WASHINGTON.
Secretary Sherman's Views at
Length on the Silver
Question.
Ho Favors a R-Metallio STANDARD
with Certain ReBtric-
tions,
Values Should Do Permanently
Fixed and Amounts
Limited.
Very Flattering Prospects for
the New Four Per
Gents.
Tho President Gives His pefjnis
tion Of the Term Carpet.
Bagger.
Kasson Goes to Vienna and James
Russell Lowell to Ma
dritl.
Fifteen Millions Moro Of tho Five
Twenties Called In.
Very Flattering Prospects for
the New Four Per
Gents.
The President Gives His Defjni.
tion Of the Term Carpet.
Bagger.
Knsson Goes to Vienna and James
Russell Lowell to Ma
driu.
Fifteen Millions Moro Of tho Five
Twenties Called In. =.



=
THE SILVER QUESTION.
BrcRETAHy auEnwaN's VIEWS. #
Special Dt&pd'cA to 7as zrtbrnL
WAsurSoTor, II. e., juno 1.-the following
,tatcmcnt Of tho position Of tho Treasury Dc.
partmtnt upon the silver question Is furntahcd
to Tna CHICAGO TRIBUNE correspondent BY
the Hon. John Sherman, Secretary OF the
Treasury. II is an authoriaatago statement Of
biz views In his own language:
There arc two extremes ot opla1ou npon H. equally
sn nisa Sss
ono on tic Coast and ono In the WesL When two
black clouds angry and tatcatep'ng r srp,fossh p,ss
det but soon nerce ste'm. refreshing rain, or
ss.ss!s sssss AZ; II! ). !e!5srsa .s,.s:s
Of our paper money, and will sHpplant and
MAKE EAslEH RESUMPTION
both gold and silver coin. kept equal With each
holder Of ailyee lion. or an old silver plate Of
teapot to cafty i to The mint and hass coined
sS s15 pa d in +
Sach measure. Il adopted now. when The market
,,las Of ssst Z 10 per cent , below goa at the
sla,e tae purchasing power Of a dollar per cent
koM ans 10 Pc, ssnt s1a i
ss burlen oi OUT public debt 33 rcr cent; drive
nj from tho eountf! I'll gold no LONGER neeestary
Il. any purpose. and Leave us with What our silver
friends 10 tnuch lcAounee.
4 tlNGLu STANDARD
Of silver bullion Tho fesults Of this doctrine Will
ii sections viii III dug timo reject i. ,Tho ether
sIsrtmo opinion would entirely demenetlze aiixe;.
:1sa sso'usy e''SI Il fho for eob ib' als dss
universally used hy mankind than any Other:
xlleh Ia handled BY miltona., white gold IL han.
dlsd By thousands, and In which tho itch md tue
ARE AL1KR INTERESTED.
Tho enrrent value Of tho genuine b etalic stand.
% ea.,ss 15ns Il he s2e =, 81 q f.: .st as sod
eannot 10 divided 10 a. to meet ono OF the Aunused
daily wpnts Of life. Now both these extremc opin;
laat has periodically !!scn fcE more than two thou
. ys ans as noh ets - n
lns amount. THO meta, less valuable in tbs market
txrlng tue absolute nued OF It 10 DIX the amuant
IA cur country whore ne arc struggling TO nak9
nspapcr money equal to coin. We afe happily In
toa wth p.oai to &c ove'nmens, Th1 ~ way +. To-
Ter dollar well tue suali0r coIne In exchange
United statos uotcs, and retire them. 'rhc
Tie body Of the fractional currency, ana they
Aea leEal.tender to tbe same e1tcnt a. fractional
currency. Let tho Govcrnnlcut buy tic SILVER
md isauc tlcn freely 70 everybody who viii sur.
render paper dollar. This iia
KA1N AND voLusTANr % @ EXCHANGE :.
received bJ thu Government and bs made lrgpl-
ttntcf precisely a. tho paper dollar now H. III
th1s why pethaps city n,llluns Of ttlyor dollAEs
xll supersedo MY mi!ions o. papes aol!afs; som9
some ~ iess' DMs ie' thss 90 asseanaeu
~ r9nalAt asmaina: sia Ins ptGGss' esety stoS .
sesn w" oGg oet pnpSl a"a ~ s'er rpd sa'et ana
sih tho measures now authorized 81 law, wi!
Mi tlcn hase rancr n,vneJ supported BY tho pub.
setedit, with gold aud silver cosn ~ Abundance.
tothat every man rho has either Ills labor or pro-
aaetlons to soll Gun hayo
EHAsA k'hn OF noAEis
aa ~ o. 700 sana sa!Mo. !! n9 Mants 70 Ise y,
IN n9 nssrISrc ~ ee nnts slj.sr for
d,ly sunnitcs and chsnse. he Will takc sii.cr. II
Il 1.nts /" IuY ~" Ia foreisn Market ho vii ,ako
told u exchange, PRACTICALLY, silver ind popes
.s7adArd n" Doubt It would be bstses II lhs sela'
aaon Ut so'd a,t SILVER could,
ht tAFENsATios1t M at. A. auAhsAEsT AZ. ,ssrr.,,,o
mi tnaa pat ~ T. no' now E
= '!,ossM tae Cn.s s n.a.s ~ = s.ia
az ,.o afa"n :. tn;nn ~ Sn, sn nI.n,v az
to9ntrics arr rony tn taEH ali In roid Ne ha,e'
but when w como 10 buy Of eclI In ths taatkut OF
hs world. a. wo 70 now doing and hops " do
Aste NC VIII HAVE ~ VA] RtsA etit
1T THE GOLD STANDARD.
We cannot aIoFd to do this and compete with
tstn' NOT can ~s AFFORD deny ourselves tho gfeat
atsasaee sn % simple siiscf cnftent1 sspt egn.l y.
sSnnnnA ~ hs9s " Ivy. .'a ,snu, 20
aatuI .,snssM ~ ai E,,ds ~ nn.~ that har"
ID munh ennfd.ncs In thr shrswuo".s ofour ,,rp.
pa 70 hsllc,e thcy viii ako sisn Backward,
T,lE ruEslpENT's VIEWS.
Il nav now b. puus1ticrel M 81 tiled that the
Administration fayuFa tho reconciliation Vi
nlter 10 far ~ to mafr Ii q lcyai.tcndcr lor ali
tusteucy coutracts. The President himself hut
the sni,;sss anI m n,oh,,tiv w,1i MI nntn III
ACon,,resa: hut the Ercretarv nj tbn Ir,as-