The New York herald., 1878-11-25

might be at some they would be able 70
realize the money that they might need.
Would such course be likely to be resorsed to
here in the WestT - N
be kept in circulation in the West and son,h Wthous
lis being forced into the banks. In the south alone
they conld use ten or twelve millions in paying on
the colored aborers, and it would be long time De-
fore II would come back to the banks.
MR.. q. r. GRIFFITH.
Mr. q. p. Griffith vice president of the Third Ma
ona Bank of Cincinnati. which was the ilrst bank
its circulation in gold. took different view OF the
matter. aud itimsed that il New York once set the
example would be necessary for other cities to foi
low.
Mr.. Griffith responded to m inquiry as to his views
on the subject without hesitation:-
''Whnt would be the result OF the New YORK banks
doing they threatcn--that s, tp discriminate IN
their discounts against any customer who should pay
his note in silver? Would that course be Followed
here in Cincnnati| 4NE5
"A man has right to pay his notes. of course, in
legal tender-that is in gold or greenbacks or dollars
of the dads and we have no option in that matter
We must take them. rg@.EFW.
But you have an option in saying whose paper
you will discount, and you make rule to dis
count nobodys note that is liable to be paid in that
way?'
York banks should make it their rule. You see that
is matter where the banks have common interest.
send it out to collection, and he pays it in silver
dollars We don't want to pack IL away in our vaults.
customers here don't want to lug it around, ana
1t will cost 81 50 thousand to send It there by ex-
press That's loss to somebody. Under the old way
could arrange that transfer by wire in few min
utes, and at practically cost"
''They can be used for buying the four per cent
bondsY'
'.Not directly. The only way is by whipping the
devil around the stump. You go TO the Treasury
with lot of silver to buy four per cents and youu
find that you can't get them" fsts ~
won't this excess OF silver go Southg
Not to stay There. 1t may go down there TO be
used in paying of laborers In the cotton fields. but 1t
won't be long in reaching the towns. Then IT will
back to the cities to pay for goods But the
trouble is always the with deprecated money
1t isn't the bankers that lose it. nor the rich men.
but the poor people, who have to take it for wages.
They are always the people who have to stand the
loss at last" t't
MIITov sAYLER. gfit tltt8f
Milton sayler. member Of Congress from the Firss
Ohio district and .one of the leaders on the demo-
cratic side of the House, SAID:
1T would be outrage for the New York banks to
attempt to discriminate against the standard silver
dollars. Still think from what read in the papers,
that 1t is their intention to do So"
1T is also said that they will make an effort to have
the law of last winter repealed
THAT will be utterly impossible for them TO do.
The country here in the West would almost rise in
arms against it, Why. you know that law was passed
over Hayes veto by almost athreefourths vote. Many
republicans voted for it, and here in Ohio and other
Western States they were as earnest In demanding IL
as the democrats" ft
1T will help Thurman in the light against the banks
he proposes to make won't it?'
.Oh, yes IT will be OF immense assistance to him.
1t will serve at text for him. and he can 60
right in it. Thurman is the man to make the fight.
He is courageous and has every advantage that can
come from long service in the Senate. during which
time he has always enjoyed the confidence Of the coun
tcal point of view and to the democracy Of the West
besides"