The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-10
GREENBACKs FOREVER !

BOTH REPUBLICANS AND DEMOCRATS IN THE
WEST SAID TO BE OPPOSED TO THE RETIRING
OF THE NEUTRALITY-SUSPICIOUS. OF MR..
AYLErT H. DUCKNER.
Mr.. Aylett H. Buckner, of Missouri. Chairman Of
the House Committee Currency. has been
staying at the Grand Central HOTEL his special
business this city being the investigation OF al
legged frauds by the Receiver of the Ocean National
Bank. A HERALD reporter called upon him last
evening TO ascertain his views and those of his COL
leagues the feeling of the West general in re-
gard to the phases of the currency question
brought about by the resumption Of specie pay
ments and the revival of business.
As to the Silver bill now before Congress Mr..
Buckner did not desire to express himself very
freely because it did not under the jurisdic-
tion OF his committee. 1t originated with the Com
mittee CONS, Weights and Measures of which
Mr.. Stevens. of Georgia, is chairman. They had
control of the bin by singular construction Of the
rule. and what its disposition would be Mr.. Buckner
could not say.
..what will be the effect of the of the re-
sumption of specie payments on the policy OF Con-
gress in relation to the silver question:
MY own opinion is that it will not change the
policy OF the House at all. am very much in hope
that the advance i'll the price OF silver will make the
solution OF that question very easy There is
u strong probability that the price OF silver will ad
vance that it shall be on par with gold.
Its present advance is due to the large demand.
which chiefly comes from India. and think it
likely that it may advance to point that will obvi-
ate any objections to its free coinage. There is q
considerable amount now exported from London on
account OF this demand. and presume there is
some expectation from this country. The lack OF
demand for silver has been great cause OF its de-
probation India has had nothing to send to Eng
land. and. of course, there was no silver to be
turned in payment.
'what do you think Of the proposed plan of retir.
Ing the greonbacks and having coin circulation
insteadY
81 think the whole Western country will oppose
1t, republicans well democrats"
OPPOSING NATIONAL BANKS.
''On what grounds?"
''On this ground. il for other-that the place
supplied now by the greenbacks would be then
filed by the national banks and the national bank
system renders the debt OF this country necessity
and perpotuates it,.
I'm what way does it perpetuate it?'
because the national bank system prcsupposes
upon the debt of the United States. 1t Is bond Of
the United States. Ii the national banking system
continues We must abandon the idea OF ever paying
the debt because the bonds OF the United States
the necessary basis upon which the national banks
maintained l have no idea that Congress at this
next session-and hope nexer in the future-wll
be willing to Withdraw the greenbacks. do not
think that the elections indicate any popular senti
nent OF that sort at all The policy or the Secre-
tary OF the Treasury himself ia ut least to retain
the present amount OF greenbacks. He is in favor
OF that, and said in his speech the other day.
The West would not sustain him in the effort to
Withdraw the greenbacks from circulation
.'Bui are not the greenbacks themsel just %
much a form of debt rs the bonds held by the ma
tional banksT
ITO be sure they are. but it is q debt which the
people can pay at their own pleasure and without
interest. l not speaking the views of all the
committees, but only my own. Some OF them do
not think | do. Mr. Chittenden. 1 know. Is for
getting rid of the grcenbacks. He expects that they
will do it when IL is decided that the greenbacks are
not legal tender. That s the OF the suit be-
tween him and General Butler, tor the purpose OF
having the opinion of the supreme Court on that
question There not many democrats In the
West who will 20 far as that. or republicans
either The question will not attract much atten
ton in Congress. suppose there will be bills in
troduced tor that purpose but have idea that
they will receive any favorable consideration at the
hands OF this Congress"