New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-06

put forth could never have had existence. All would
consideration received Why should they not now be so
pads What is the duty OF all tribunals but TO hold par
there be any other or higher rule II Government in
terpose. can be upon any other ground tnah t ,e
losses suffered by class will not occasion an lnco-
venence suffering corresponding 10 the ahVanlhge "
amount OF relief Of suffering would result from the
proposed measured Instead Of Their being as Is COM
monty supposed comparatvey rev crGua'H.9 th os
the great mass OF the people the very reverse Is t &
There are in the New England States New, f0rk ana
ascre@atc If whose dep6sts equals 1886 1s3. 5i2-a
exceeding by SJO0s6s3ls the total corporate eapi
tel Of the National banks OF these States ana by F3Vo
flat of all the National banks in the UnitedSates
Tnc average amount deposited by each person equals
1857. The debtors TO these dcpOst0rs are bankcrs manu-
facturcrs and owners OF real estate Inc ho , h
latter will not exceed 10000 FOR every debtor a. lh@
200 Creditor Rc@' Should silver be moneiIzed Of
the rate proposed tsay 90; The loss to the dc
class belonging almost wholly the laborng people,
whose deposits their all-woud equal s7S6Ls,-
35i! Shall such a mOnStrOus wrong be inflicted on TINS
numerous class Of our citizens for the benefit OF another
far less needy and numerous, and certainly no more de
Tac majority Of the citizens Of the United States TO-
day. are laborer~ for wages in some FORM Insy WIN
their families. constitute majority OF our popl-
atlon. II the purchasing power Oh money DC Tu01i
their compensation would be reduced. AS me
nominal rate of their wages world long re'uain ul-
changed every day would something be iOreg"ne IN CON
sequence Of the depreciation or me money In tinc my
they could longer subsi~ On their reduced cOmYens
lion Wbateyrr The disturbance and disaster to Follow
the dcmonCtZatOu OF silver thew would be the nrot 70
feel the eject TEcy have no mode OF escape. ihy can
not well change tbeir places or Ccgukagn5' Put h,s
befal them. The products or thcr abof Wht GithtTth
Up into the Ieai reservoirs constitute the capital OF the
United states. Upon them. ia fact rests the great sbtic
society. To every of them The mon. t1itoh Oh
silver would he qn nningated evil The difference be-
tween the nominal aud the real value OF the coins they
would be compete H. In great measure, - make NJ VIII
Congress impose upon hose whose lives are, OF neces
sity ALREADY condemned 40 severe toll vastly heavier
burdens and sUhec them 10 new disasters when hn.
result nom The passage Of he proposed measures Tor
benefit
the favored owners OF m.n,s seek 20 sven ihtD sun Nael
dimensions that fabulous wealth which IS even now the
nch are some OF the reasons which induce the under
he passage the so-cailod Band pill" but against
the reorganization of silver, 50 as 10 make IT, equaiY
transactions TIE proposed measure VIII not III
crease the amount Of money IN the country by dollar
n will debaso whatever We have for the benefit OF
@n-ie-aud Nv no means the most nnhtrOus-ciasS oi
people. II - just As important that the measure o.
value be uniform one peilpu VIVA ah3thTf' rs tna'
measures OF extension ANA Gnint;iy Shout be uniform
% an tAc uiS'ur'fhS ciN- 20 ,ilr'I ,,
standards Of vaiuc-of those Instruments by means
Of winch exchanges are Effected: The moment they
tom Of production and dIstuputOn are brought 10
stand. II is unnecessary to cate examples. Oir own
experience unfortunately, TOO fuil OF them. II has
been demonstrated most concusiyty, tor many years
the standard values ANA that had II been used as
snch, the grd;tst disasters would have OYcrtakCn the
Nation. II such. Vlcil no one can deny, would nave
been the result not the first 81 10 be takeu instead
making standard for the future, to inquire
to continue II so, however much opposed 10 r opinions
WISHES OF numerous Glars among ~ there i un' one
conclusion to Whchall must conc II such inquiry c"I-
net he answered most concnsyey IN me negative yonf
mcn0ilasis submit, that our present system, against
which, far il r,aics 10 metallic money not brtath
OF ccnsurc has Dccn or can he raised shOhd ne hih-
tanned instead 81 Our thgInS uon IN OK io
tain 10 involve the Nation III almost iulhitc CONFUSION
and loss.
The memorial is accompanied by numerous tables
proving the assertions of the petitioners and is sgued by
the following: