New-York tribune., 1878-09-28
TILE REPUBLICAN CONVENTION.
THURLow WEED ON THE GATHERING.

A HAPPY DFLIyERANcR-MAKE CAMPAIGN DOCU-
MENT OUT OF CoNKLING, HAYES AND WHEEL
KRs sPgECHEs-THE CURRENCY.
To the Editor Of The Tribune.
SIR: ! hasten to express through The TRIBUNE
TO its readers my hearty congratulations upon the
auspicous action and results OF the Repubhcan
State Convention. 1t not only relieves apprehen-
sons but inspires hopes. Its calm, dignihed and
we-considered utterances will do all that
is practicable in averting threatened evils. In
taste spirit research perspicuity, and effectiveness
nothing could surpass tho address of Senator Conk
ling. IL forcibly supplements the admirable speech
of President Hayes at Toledo. In both cases words
of wisdom" were 81 ftly spoken" There can be no
better campaign document than the speeches OF
President Hayes aud Senator Conkling, with the
sensible st. Lawrence County speech Of Vice-Pres-
dent Wheeler appended.
II is TO be hoped that the broad and practical
views expressed IN the speeches and the platform OF
the Republican State Convention will furnish
themes for Republican journals and orators during
the canvass.
Senator Conkling. by an exhaustive array OF facts
and figures clearly demonstrates the ability OF the
Secretary of the Treasury, by wisely using the coin
and legal-tenlers in the Treasury, TO accomplish
full and permanent resumption, without embarrass-
meut or injury 10 the financial or business enter
Soft" money phrases. therefore, become practi-
cally obsolete. Those using the phrase " Hard
Money! do not mean It. for nobody is absurd
enough TO believe in an exclusive hard money cur
rency nor. after Senator Conking's financial sta
tistics, showing that since the reconciliation Of
AL YER gold has been brought 10 within fraction of
par will il be claimed that egal-tenders are soft
money" may now without offence repeat what
sand in a former letter to TIIE TRIBUNE:
The ndispuiable and unquestioned fact that We nro
Indebted 10 greehbacks Tor tine preservation OF Gov
r,rni ana Iinign s forgotTsn Nor IA ft remembered
that from their inception 70 the present hour no Gov
stilInomo ,6 a ~ siIysr az UIt9fmIy sgnnd as that
which the greenbaek furnished No inconvenience
mo- fnilurs and no loss has been experienced can
he charged 10 greenback-. They were intended
originally first 60 crush out rebellion, ana neat to
aid I'm the pstoraton Of prosperity through tue Re
sumption OF specie payments. such great National
rfgencies only could Justify the Government IN re-
financial policy Of 1861 happily accomplished aud
now. when resumption, the second purpose OF that
policy approacheH' grycnblcks. 80 Jar as thsy aEv
needed, SHOULD De made available. 30 far. ia tue dis
charge OF his high and responsible duty seer aTy sher
evinced wisdom and courage equal 70 tue Occa
sion. lie has found, am sorry To say, mt slight
main welded to their single Htandhru ldta. mat
the supply Of gold IL insGnieien,, AS Tue
Of world will not DO denied and tnat the only
effect of afbltrary gold standard would be 10 make
sandins obstruction AMI hindrances rely confidently
upon Secretary Sncrman. Whatryor BIS original VleWs
passed lac promptly ana ceerfuly accepted the zitua-
iOn" aud finds hsway clearer ana his work easier by
bleudng silver with gold, and thus doubling the money
source OF The Treasury e w Idoubt not by liberal and
enlightened constructions Of law, avail himself Of all the
support reenbacEs can furnish n ecctinz resumption.
And then, having aided In The accou ylishnent Of all
thai was contemplated by the statCsmanship which
augnra the financial policy OF lS6Ol6l the grccnbaok
currency De Withdrawn and retired, 10 be remem
bered With affection and gratitude for services rendered
90 the people and the country IN carrying them safely
through two OF the most eycnm periods IN our history
II my anticipations in regard TO the retirement Of
"Greenbacks" after the resumption Of specie pay
ments should not be realized. capitalists must charge
the failure to themselves In questioning the power
of the Government to issue its notes and IN depre
cating the value of the Governments promise to
pay,D bankers provoke dangerous discussion.
But let us hope that when resumption
has been accomplished the Government Will
be disposed and at liberty gradually to
withdraw. It's promises TO pay" leaving TO
sound National and State Banks the duty and privi
lege Of supplying we'll secured paper currency
convertible into coin. Such was our normal cOndi-
tion-such was the currency which under Just laws
and wise administration, Impaired life TO business,
afforded mutual protection 10 capital and labor,
gave prosperity and happiness TO the people, with
strength TO the Government, and wealth to the
Nation T.w.
Ne,v- York, Sept &c, 1878.