New-York tribune., 1878-02-02
Ner- York, Jan. 25, 1873.

GEORGE WALKER.
Nelr- York, Jan. 25, 1873.
RECONCILIATION A GOOD POLICY.
WHAT WOULD THE SILVER DOLLAR BE WORTH =
HARD MONEY AND PLENTY OF TT.
To the Editor Of The Tribune.
SIR: am a careful reader of THE TRIBrNE,
and get ten times the worth OF money out OF IT, but
cannot approve your advocacy OF the monomeaic doc
trine You are not impartial advocate, and therefore
ask brief space to pon! out what seems TO many OF
your readers TO be transparent alacy You often put
the value Of the dollar 90 cents, and upon this
argue that II silver Ia remonetzed the bondholder will
lose cents on every dollar due them 10y the Govern
ment 1t is prove the fallacy OF this statement
To-day the greenback dollar is worth over 81 cents The
intrinsic value OF the greenback Is nothing what
gyes it It's present gold value OF 97 centsf Surely
il is the legatcnder stamp of the Government, and this
only that gives the scrap Of paper its value and cur
rency. Put this Government stamp on the silver piece
which has an intrinsic OF 90 cents. and shall
have equal in money value at least 10 the green
back dollar; the creditors loss above referred TO-
instead OF being 10 cents would be less than cents
on the dollar or speak OF this possible loss on
THE TRIBUSE's assumption that gold bonds are 10 DC
paid with silver. deny that the friends Of silver
reconciliation contemplate such dishonesty They are IN
a-cr with the express terms and re meaning or he con-
tract II the principal and interest or bond are re-
qured in gold. they SHAH be paid IA gold II the terms US
paid In gold or silver ~ the option of The Government
Yr m le another mistake in representing the great
body OF intelligent people throughout the country OPP
posed TO silver remonelz lzatlon Inc kniGhetnocA,s a.
IL showed all America and II Is possible their de-
scendanis of ticn Imagine tha me money doc
trncs Of Wall street constitute the creed ~ great body
OF Americana but 1t j. otherwise Ncwlork is NOT the
couutry ard the gold doctrines OF wall Street are re-.
puated dangerous heresies by probably iouiDhs OF
all the people west OF the AleShSnles can assure YOU
iuy that rroporton Of he IeSr; ~ hara ti1 c,p
well soft II gold could be obtained, mere might nor
10 this urgent clamor for silver but gold IL scarce II 10
beyond the reach Of the masses ana Jgles oy VI the
pockets Of brokers' bankers and bondhOdee For more
than fifteen years the common peope nave Den ~nout
hard money OF any nd Ihey thlhk sIeyhoa.ss soou
currency equal to gold fact but geenbacks are scarce
and don't Jingle IN ,nH Poek ~ Renf ,' rS.rrd IN
proof OF the universally of tins feeling throughout the
the silver Bin contrary their personal views Tney
constrained to this course by the imperative
tatiyrs win do likewise II they anxious TO make their
calling and election sure In the tutcre G. NJ D.
DdytOn, OhiO. jan >. 1873.
[Anspcr-Our friend makes a mistake which ut
terlv yitiates his parallel. The Government stamp
makes the grcenback valuable because II is prom
Use never heretofore discredtedl, that the Govern
ment will make its grecnback good for 100 cents on
the dollar in the money of the world Its stamp on
the silver would mean that the Government intends
TO make that silver pass for 100 cents. no matter
what il is worth in the money of the wOrld-in de-
iance, indeed of the present fact that it Is worth
only 92 cents III the money Of the world.
Our friend also states his point lnexacty in insist
ing that the body Of intelligent people throughout
the country in favor Of what he means by silver
reconciliation. People who have intellgently con-
sidered the cannot favor the sort OF silver re-
monctlzaton proposed in the Bland bill, and
pushed by the extreme Western advocates of silver,
unless they suppose that the United States is going
TO set up for itself different laws of money and diff
of which
the rest of the world. Many men at the West and
some at the East, are in favor of remOnetizing
silver by coming new dollar which shall contain
100 cents worth of silver but that IS very diff
fcrent matter.
Finally our friend makes another mistake in say
ing that money is scarce whether gold or silver IL
he has anything of value with which to get IT, he
can procure gold in NewYork to-day as plenty land
almost as cheap greenbacks; and greenbacks are
SO plenty that they have loaned for years at such
low rates of interest had never before been heard
Of in this country. As for silver, it has already be-
come 80 plentiful as to be a great nuisance,
particularly to retail traders and there are many
points. especially in the small towns of New-fork
and New-England, where il is really serious
problem what to do with the weighty sccunula-
tions of silver, nickel and copper con-tdI
NO HELP FROM SOUTHERN DEMOCRATS.
To me Editor OF The Trtbune
SIR: Let me join with many others III
thanking you for the firm stand you have taken Tor
honest money The Democrats OF the South are solid
against it, and will be- regardless Of what President
Hayes can do II he gets any aid to deliver the country
from the hands OF the repudators It will have 10 come
from the East and the West. The Democracy Is the
yesterday, to-day and forever and will sacrifice
m dearest principles for The man that depends
the Democracy deed the Nations honor has learned
nothing from history ;. B,AoL
H0iTistOwB. Tenn. Jan. 9, 1873
BUNYAN AND THE NATIONS PROMISES.
TO the Edtfor OF The TrtbuAs.