The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-10-17

keeping all our paper currency Of equa
value with gold and silver coin. "3'.
Third. | am not in favor Of an,
measures which shall make our p&pe
currencyin the future, less VALUABLE
than it now IS. ~1 Noes @4~@1-
/ Fourth. 7 would certainly make I'll,
treasury notes,of certificates, receiTaEl,
I at par for the four per cent. bonds, us
Isuming that when SO received. they ar,
to be PAID. cut again by The TREASURY
and retained as a part Of the cie,ilat
I ing medium. - pig e. 521l z-4i -.4 5#
Fifth. Such treasury notes, o. Ger
tificates. thus made receivable ut pal
for Governments dues and for coir
bonds, which are at par, would BE OF
equa value to COIN 1''" T1 40 ~.
ilo Sixth. # thus made equal III value
TO gold and silver coin, which all con
cede to be full legal tender, il would
add nothing to their value practically
| to declare them legal tender. ~ hE
1T is generally believed that your on
ly objectln writing MI. Parker was tC
so generalize and involve the issues
which were becoming too sharp and
pointed as to help Mr.: Parker out of a
dilemma, and it will be as generally
believed that your purpose in address
ing me this note WAS the hope. that
something / might say in reply would
rebound to MI. Parker's advantage,
and CORRESPONDENCE TO my disadvan-
tage. Now Judge, you have had more
experience in this matter of cOrrespon-
dence than [ have, but | am trying to
reply as we'll as can. You will need
not beltold that the last proposition, in
which you have placed Mr.. Parker, is
dramatically opposed both in princi-
pie and essence to the first proposition
in which his own Greenback Conven-
ton placed him, and you have been
too long and honorably connected with
all the various political parties of this
country not to know that neither one
of these three propositions in which he
now stands is sound Democratic, Re-
publican, Liberal on democratic
financial doctrine. 1t strikes out the
very foundation plank Of our most ex-
cellent system Of finance which you
yourself had the honor to propose in
COMMITTEE of the whole of the Senate
and which was adopted by the Senate
upon your suggestion namely: that the
duties on imported goods be paid in
coin (see Congressional Globe, Part /,
second session, 37th Congress, page 773)
which is good sound Republican and
Democratic finance. But what will
the Greenbackers say now while Re
p ublicans are willing that these duties
be payable in paper convertible into
coin at the will of the holder? You
and Mr.. Parker propose that this be
paid IN paper convertible into four
per cent. bonds, and you ask
Mr.. Parker the question, which he
himself answers III the affirmative, us
these bonds are now at par in coin,
would not the treasury notes OF GER
tificates receivable for them and for
all government dues at par, be xqual
III value to coin? But you do not ask
him the question, If money for business
should, under the revival
Of trade, rise to six, seven, or eight
per cent, and these bonds should de-
preciate below par i'll the market,
whether then, certificates convertible
into them would be equal to coin !?
OWsJudge, you are frank, honest
and practical man, you have always
admitted that. In your letter to Mr.
Parker you assured him, that he
during his whole life had been a
frank, honest and practical business
man" and he admitted it.-n0W as
you and Mr.. Parker are. both frank,
honest, and practical men, and want
to keep the paper Of the Government
at all times equal i'll value with coin,
[ appeal to you to know if there is any
more straight forward, frank and hon
est method OF doing that than to make
it convertible into coin at the will Of
the holder. I have heard one other
theory advanced relative to your COR
respondence with Mr. Parker, namely,
that you cared nothing for him but
that you had anew financial theory Of
your own, toWhich you desired to make
this Congressional canvass the occa-
sion for giving prominence and pub
Hclty, and you now ask my opinion.
If this were your purpose why did you
not put the same proposition to me as
you did to MI. Parker, and not emas-
culate it, as you will perceive you
have done, by comparing the propo-
sition in your letter to me,
with that contained in your
letter to him. and which is embodied
in his answer quoted above. Am to
regard this as a specimen of frank,
honest, straight forward dealing ?
Now supposing were to adopt your
platform? Nobody has adopted it but
yourself and Mr.. Parker. ~ 3a
1. AS l have said, no convention or
parry has adopted it. It is in no wise
.anissue in the canvass. But suppos-
ing | should get onto it with you and
Mr.. Parker, what assurance have
that he would stay? He has already
shifted three times in thirty days.
Surprising he should leave, and j Judge,
Il have no positive, downright, absolute
assurance that you might not leave
100. "af d5 alta #Ft t# # t4-s#4)