, 1877-12-11
r,terview with the Hon. Alex
ander H. Stephens.
His Understanding of the Presi-
dents Financial Views.
The Survival Of the Fittest---Why Ma.
- tional Banks Fail.
4 Clear and Precise Statement OF
tho Silver Question:.
fhs AVIATION" Searched for That
"Widespraad Discussion"
INTERVIEW WITH THE NON. A. II.
STEPHENS.

-
fETEIY1EW WITH THE NON. A. II.
rrm Our ows Correspondent. .
WAsn.sn1oS' - -, nee' e.-one Q! Inc
most difficult men to approach. hut one Of tho
Alexander u. Stephens. He has been misrcp-
-..en,el. Ited akout. and t,ctryilcd hv nevsna-
s.erro.n,ndents nni,i In hos fo,t nm n I'm
eo'sespoe'." "a" w. "as iost ta'tn IN ss'c
more than lucky to secure tho silver and re-
".a.a's .smp.'on = views Of tho "s'''''"'o from
eso1s' .h,- t,, In ,,,, ,oro. ,,r s..,,,. .,,,,
The message Of The President, In Its recon-
uentlatlon that tho pntlnnai debt be paid In
.,ll and not in silver " askcd him to-day.
M1 dn rot und.r.tnnd Tho prc.ttcn, rract,v
w .s.nnand ~, II. an,r ~, -aoem,nnns. Ky
rot recommend. nc oh,5 recommends" mat
tho public debt and interest s:iall not bc patd IT.
tuY eolnngo Of loss commercial value than tho
.r.,cnt po1d coinarn cf the rtmutry. II IN Tho
n...sntln, We' ~ .ttx.r t,,o ..,,nao, ~ - .so
rtmonctfzatIou OF silver INC so,nasc 10 q mo
same commercial va'ue as eo't, "o hot under
stand him to ray that the public debt
md interest should not be rnil In II.
.rli =. IN u,,J coIu,uc NJ +hn
~, "e Sa',o mn.,.r.t.na thr ,.re,tJ,r. ~
sane saiuc' ansless<"n" tnc i'eeaehl 10
simply recommend that tho Pntllc faith and
credit be maintained, aud that the public debt
,hou]d not be paid IN tlc,asc,l coInaac. or ono
e ot,ower vo,un thnn that vhlrh m, the bo.i. nj
o. o"s. 'e.ao Nv sa"s' .4ss a' ~ ."s o'a y.
tbc dcbt. NO ono eas he more acen'y impressed
With tho great truth Of the Importance OF matn.
ta,n!nR public falth IN meeting public obl!ga-
'1.9 %no e'au ra,, ,,,, I'm hnd,,,dor r,,, =.
10 you eous"es tnat tHo oohn'o'ueg VII! %
unjustly dealt " II he Is compci'ed to take
silver Instead Of gold doilar1s :
.A ..,n ' or,a, so,r" , % W. a,a % o,ar
'ao ss'no eo'n,Aele"' 'u'uo ~ Wv eo'u uo''A''
."Oo yon th1nk 4 congress OF nations neces-
sary 10 regulate the ratio between gold anu
slscrl Can such ratio be regulated by tho
1?ntt.1 stntes Govcrnmpnt without rc5crcnrc IN
ou'se. ot"ts" ns,r "''"o"' 'sAs''"ec W
my Of tno o'net towetst
II do not think sueh Congress absolutely
ronno,rd of tba r,rht c1u.a of s,4cntt,,s. rrrat.
~ s..a,,.a,o ,ho e,s.I.o,, rs.r,. ro ,s"s, - ~,
iasu''aso ~ aes,tca ,eslt'' lAo oa.1 81 u.
saen regulations shon'a DC thc n'etf'eal ana
cIudne tho coinage. In TIT, way nj, appruxi.
rn,tton r. thc tr,,n Nh, hct wcen cod md .,trrr
w. -..nt,sa ,ass ann,,sI. f'h;rt. ~. e ~,
eau w teaeneu nca' e''"asn' 'n1hh' 'of I'LL
practical International commercial intercourse:
Should s'sc! q general systcm 10 adopted, Il
would bo ot incals,,labla advantage to nll civil
Leu natlot'e. Uhtcr II inc eolna0c ot eac1l
country wulld circulate as readlly in every
other country a, 10 it, own:''
"1t 10 Gla!netl By many that the remonetlza..
lion nl silver Titl orlhE MI TIC surp'la Silver OF
tha world hero, and make America .increly
market; that thc Told Te pay lor y WI not re-
tar an that IN 1e.t M tny ,,,t we w eH dro"n
cacct!"
~ Do not think II VIII. shall no. look for
my such ioou. never expces to see IL tlas roun. IN.
Of the remoncttzatiou Of silver, which favor,
y not to bring into circulation, coin Of less
Ea!ue than gold, and thus dr,Ve out tho
pld, but IT. y TO- cstah1ls'! double stand
nd of equal valuc. This the President
haa. well said Is complex question,
requiring scientific skill TO old III dvtcrn!in-
Ing tho relative quantity Of each metal which
!hasl be Declared TO b. Of tue same valuc, 50 as
70 bring abuus practical equilibrium between
Tic two metals In thclr common uso anu com
nerclal circulation. Perhaps perfect equilihrl'
au, can mover By maintained at oil times, aven
y t9o most skIiitnt methods that NAV be do'
or domestic us well rs foreign commerce II Gnu
oc. VIC hayo this whole sublc:t low before tho
House COMMITTEES on CoInagc.a 49,.
no you think the Resumption act, ~ II now
hands, Ia auy guaranty of resumption on tue
a. NJ