New-York tribune., 1878-07-23
LETTER FROM PETER COOPER.
THE NECESSITY FOR NEW PARli-MEihoDs VI
RESTORING FINANCIAL PROSPERITY.

RESTORING FINANCIAL PROSPERITY
It was expected that Peter Cooper would at
tend the National Grcenback Convention, which VIII
meet at Syracuse to-day, but he has sent the following
Letter and will not be present He left town satur
day for his country-selt IN NewJersey leaving word
that be would not return for several days;
gentlemen of The Contention:
Having entered my egbty-eighth year with the
natural nfImiues incident 70 lhat tlme oil ne ana
yhisn prevent me from taking an active part iu your
deliberations have yet so muen LeIsOe4l interest ID
the results your action ana resolves 70 g welfare on
distressed country, lhat hlES gIeiiSu , 10 w
solicitation of of your body TO address lew words
Of counsel TO your convention. -. >,
avn convinced the country needs new party, sucn
as Won propose inaugurate IN this country New and
important questions OF public policy nave come up,
with which the present 0fgazeu ltItes leI u,IDe W ~
unwilling grappe. These questions nave reference 10
the currency and financial policy OF tie Government
Inc clearer recognition and definition OF the rights or
lauOr and concerted ehort 70 secure iof Ie SOpe IN
of pubic instruction; in matters mat concern
the practical aud every day III, Ii$ o, the
more money ready invest IN active business ana trs
to production for its securltes more uiIeiSid a anu
greater degree OF unfanR employment Tor the lndusr-
0us and the poor; and more practical euueauOh among
the masses Of cnlidfeu W9lch lheJ can thlh '. aFVu @
m the conduct OF life. liberty and the parsut OF hap
P crest,ons must be made subiectto party consid
GRAFTON and action in this country; because, they re-
&GuV & ,T st LII and fbc Whole wealth OF the common
wealth. TO carry the purpose ana application O such
principles government Of the country bht IL TO
aures so great harmony and energy Oi action as well
~ great purposes and distinct principles To organize
new DaTfv ID tins country and draw majority
Of tbe peone TO it's support Remember fclOW-Ciiizrns
we are merely asking the people 10 accept certain
princpes on which propose 10 carry our party Dut
10 accept such Leadership" as we nave 10 oHci lAe
men We put forward the country for Its aimnistia-
tIon must be approved Tor character, honesty aud
ali ity and such a. win aim 10 harmonic tle whole
country by and cODeiliatng measures Deg yOu
therefore, by every consideration Of PATRIOTISM, 10 act
I'm tc giri II our principles, which aim at the happ
mess and prosperity OF the whole people Laying aside
a questions doubtful dsputatOn, let us aim os the
first tnbg, restore financial prosperity 10 Tie eOu
fry and set tie wheels Uf industry gong.
For this purpOse, need, first ana foremost, among
the measures must insist upon, the repeal OF The
ReSumptiOn Act" and Of the Bank Acti ana thc
enactment OF @ law makng the National currency the
sole DaDer money OF the country, aud full legal tender
fr ali ebts public and private. Further, must OBJ
foin "a law ii possible Immediately on the meeting OF
fLo next Congress, that tie present National
debt shall be paid off as soon as pracucabe
nm coin, or National paper at coin Yalua'
tou-O the precise amount tnat was III circulation as
e9aeuder al the end Of the OF Rebellion aud alter
Vals was turned into "lOng bonds" THIS money, 10
fine amount at least of 81 00O0O0OOO was justly earned
nv tbp leOple 10 save NauOus NE, IN when they
gave service material and labor to the full amount OF the
money TIE people Decd this money To revive their
ffIIen Industries, employ all the idle, ana call
out the material resources OF THIS great nallOn.
lei MS get this Just concession from the
other fbngs wIl be added unto us" The rights OF
b0r wifi come with the revival OF Industry, ana tne
education OF the children W come from surplus wealth
HOping and payIug FOR wise ana harEOnOus deHDtGa-
t0ns from your body OF delegates, TO wbien the whole
country is now looking, remain you're ~ the cause oi
tGC coiiptrv PETER COOPER
Eeto- YORK, July 10, 1878.