The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1879-12-18
GEEENBaCKS.
Views OF Senator Blaine CT the III
nanciai Question. and Secretary
shermanis Recon- eEd ATOMS 4 n
Interesting Interview

Boston Journal
AUGUSTA, Dec. 5. lS19.-Your reporter
met Mr.. Blaine to-day when taking his
long constitutional walk at high noon.
His house has been the centre and head
quarters OF all the republican consults-
lions on the pending crisis, ard with the
exception OF two hours walk about mid
day, he is kept indoors conducting a very
large correspondence, answering calls and
holding CONSULTATIONS. He consented to
remain a short time after Congress met. at
the unanimous request OF the State Central
Committee and N any Senators and Rap
reseutstiyes. elect and their attorneys. His
house has been the fortress from which the
whole republican fight has been made, and
he has done q surprising amount OF work.
After a few Questions were asked and
answered about the pending stu alton here,
your reporter, joining in tine walk, asked
him what he thought Of the financial stu
alton at Washington.
MIR. Blaine-I have been 50 absorbed
here that | have had little time 10 give
TO anything else. To what particular point
do you refer in your question?
Reporter-l had special reference TO the
report Of Secretary Sherman, ana Its vari-
Gus recommendations.
Mr.. Bialne-I have read that report
with great Interest. The financial exhibit
which Mr.. Sherman makes il most honor
able to our country and does very great
credit to the Secretary. He has conducted
the rounding of the public debt with
ability, wisdom and tact The results are
highly advantageous to the Treasury and TO
the people. Mr.. Sherman's administration
OF the Treasury Department will rem ain a
most memorable one In our financial his
tory.
Reporter-How do you view the specific
recommendation that tine legal tender clause
should be struck from the greenbacks and
that they should be left TO circulate merely
as Treasury notes!
Mr.. Blaine-I should be compelled to
vote against that proposition, because ]
think 1t would work great Injustice to the
vast majority OF the people OF the whole
country. The greenbacks are actually re-
deemed at only one point-iLe Sub Treas
ury in New York city. Now, suppose
man awsy down here in Maine, o. out in
Iowa, or Texas, or Minnesota, or Oregon,
owes debt Of say five thousand dollars,
and his creditor demands the gold. There
stands the debtor with his five thousand
polla-s OF greenbacks with the legal tender
taken out OF them and the creditor refuses
to take them. What can he do?
Rsporter-But wouldn't all notes be
given payable Id currency and thu. the
business OF the country soon adsp: itself to
the change?
Mr.. Blaine-Nesotiable paper mioht
soon assume that form, but that would
cover a very small part of tine debts of the
country. Negotiable paper. p,vahIe at a
bank counter on a given day. averaging
four months credit, is generally given with
the full understanding of its terms. But
all 90 through the country and take mort.
cages, due bill, book accounts. debts con-
tracted by verba, understanding INDICTMENTS
CT the courts and the thousand and one
forms of Indebtedness that spring nm in The
transactions of tifty miIlions of naonIa a,5
gee what q tremendous revoIu,;n, :, wouIJ
make 70 strike the deb, naviro onsI;tv
iron, three bund,eI and ~ ,nti,iin. -
the people.
Raporter-pr, the e,ne,;snc. ~ ,b.
country since last J,nuarv bss sbown ,b.,
the people do no, really cav. ., hs,JIa ,ba
ac.usl coin
Mr.. Rlaine-Of coprsa M. 70 ,bav o,,
have some,bin, .o,,yIv oooJ 81 -
as The rsdssmsbis Ioa.I 80.
note ia Rnt s,rika ,ba Isa,i .srsaron,
and with ac,uaI -eso,nn.;or - 49,
city of New Yo,k Won imnsrt 10 cold an
to-day You might ;ndssJ ,,a,a -
notions Of IL, nogs;hIa v.I,.
thai Won would have a nanickv I'm, sf,a.
il. and in This scramble tbo.a wb, i've
nearest 10 the snb-T,sssp-v I'D ~
the advsntspp. II tbera :. - bs 80 ,.e
on ,bt all IN have ., f.i, ch.no. 90 60,
even. don,t ,bi-r il nos.;bIs 70 20, 80
petber enoupb pree. . X, IN d,s;n eli ~.
Gold from the suh.T,.s,r,v h,t ,bo III
drswsl of even ,wer,y fec Nv tbi-,r I'll
lions would produce a verv had sasct
create a widespread scsre and embsyrass
bushes, Immensely tbronobon, the country
Repor,er-You don't think il nossibIe
tina. 90 much as that could be withdrawn
do Won?
Mr. RlsIne-I Jo M. see vbv a ,-e,t
deal more would not neces,srilv be With.
drawn The na,ionsl bants boId ,o.Gav
from seyen,y-fiye to a bundled miIlions II
legal tender for redemption purposes. and If
III. LEGAL tender fsature be styuck on, nj
the notes they would be compelled to
redeem IL IN coin, ana thst coin they would
necessarily ara" from the treasury oil The
'n,'eu s.a'es Nv - -,
upn you 'nihh II ~
Yer, on the whoie, 10 nave each oahk 10 the
redeem IN com
wi. as soon as we
nave suLncientIS large accumulation OF
coin. our s,uniP SPEAKERS curing the late
'ne secretary OF ,he treasury
teau,ns III, Potnteu OUT 'ha' the !hree
hI anu thilty mlliions OF national
, pnH no'.' arc ao'u"iiy ian1e Only LII
iegsi 'enoer no'es, ana .nat the three nun
urea anu iofty-se'eh miilions Oh legal len
der notes are fedeeinaDie In coin. Inns
oiVioes me ioao ana makes the burden lar
easier. VIII any one now say that with
nupdfeo ana my millions OF com on hand
we are prepared 70 throw the entire Elk
hundred ana eishty millions OF paper
~, ~, n = ,Le u ior 70
voirsJ in ,bs ,snasI - III. - -
o,srsa ''Nue'
Panor.0-Do vo,, bo,1 ,b., H.
b,nEs No. on, Iii be .iw.n a. L .ne g,eJ
o,Is,;ans anyways Aep' l." 'if
Mr.. Biaine-That il an entirely different
question, though Secretary Sherman init
mates that he sees no objection to the sim
pie Treasury note, stripped of legal tender,
a permanent part of our cur.