, 1879-01-30

4 Letter from Gen. Etiwnrh IT. htcCook to
Senator CHATTER.

4 Letter from, Gen. Eti.nrh II. ntcCook to
Senator Chatfer.
Etto jork JAt!v 1raphc.
The following letter has been sent to us for
publication. THE day after Its reception acnstor
Chnffee offered Ills Joint resolution for the With
drawal Of ali grccnbacks Of less denomination
thai IS:
ChadtF, jailed !siats. Staatt-Mr DEAR SENATOR:
You ask to clyc you sy views In relation to tho
policy that Congress- shoald pursnr towards tho MI.
yer inteteata Of tho country. can see no hene1t
present r,iyar doliar Il now contalns 4i2s grains
gold, with sIycr At 81. 10 per Pruposttiuns
faya ccn submitted 10 conEEcss 10 mako The stlfcr
asar C :9en freight y 70 Eys s1e 4 a ~
S ts.t :i',se sp" sau Iii 70 si ner Sunes thea
grains; or II II should r.ee to q 20 pcr ounce
tho weight would hare 70 ot reduced 70 ~
gs! M 'ss Z T. n ~ sas as: 1p tba, NJ" ts
usefulness oi tie silver dollar A. circulating
medium would be ssrlously Impaired Z % n9t a!'o:
enacted hy uY country for the phrpoto Of establish
nv h1cd value fos sny E'etai wn,e, subecs al
I'll. ee ars of sappy .s des uss: Gnder
ut na s.a so %s f.. s s ss
grains, would make tho d!acrrnco Between :iso and
,aors @ II the weight Of ihe standard dollar should
be Increased Tiers II no doubt thai spurious half
and quarter dollars would be put In cifcu'asion by
| illegal coneEs tllst would contain quite ~ much
s!lyer a. tns United States coin and Jet tcaxu
mArgiu Of proht to-. tho countcFfe.ter. for they
would bo flooded With their coin II valuable Or
moro valuable than TIC ooyesnnent ,t.ue, .u
opinion .hs.s Is Dn. ous th!ns for hs aST
Will the latin Uuiou, ant ax With it tho ratio oy
which all The members Of tho unlnn ,tnay coin
II the United st.tes and Franco uhouid aGfeo that
they will coin at tito rat!o Of sixteen to one, or
e e 81 IN hs %
aud nuth!nr else cab, fot thcrc III really no good
reason wh1 silver asond not ha standard as well
fle result, to b .tta!nea b., tas .treemsn
@ nons of Il ,hs prosoessus eoantsius of ihe od World
~ England aud Francs hare small notea iu gen
etenaop bit only H. Rsascs soa4tss.
ter does mol present =. great difficulties ~ m!gh
Lei to s
thst on and after Apri! !, is7,, no oosernnien
leYal.tenders shall b. issned pelow tho 1en0mlns
no r,sht 10 clam from, tho Dans,n: Department .
The u ovornment uotcs for their Issue below sec
Mot bc received by sny Government Institution
that National banks shall bc compelled to han'
to to ct ths umea sass s y
! and that from that aafo such n1tgY shall only b
redeemed at Warrington. having been uIade cr
culution no longer EscoGntxed by fhw. aud lhat U
jan, /, 1H4l, such notes vt oulstansiaH shall NJ
be received BY tie treasury Or IN tho tssnaactio
of. any ordinary huslnesa A the ran,o y Tina T. T.
Secretary OF rho Treasury 10 coin monthly troE
# 0oN. 900 e T.. 900. oo0 Instead of from ~ ooo
900 10 IT, ooo, 600 only. =. i nov now stands; sns
into the circulation Of tho country aud woul
niaIu silver rite probably to S1.2o Or above ~
uuch l,ore Toalt1y ei1setud wlon aiiscr IL hlghe
isn who dspIsststed ~ " i r. nos: Th1 ssa! M ~,
rcsd,Iy be ab.ufbctl by the circulation oI th
countfy. Several huMdre,l millions Of do1!ars !
vtlyrf can and will readily crcuato In tho Unite
| hiatus II you take tho small nutcA out VI tho way
and tAo n,inta will bs faund eqoal u Thy urodls
j; lion, 1or they can ea!n y !eas! =. oD, VOC
; mar say to lie contzAry. renaln. MY dear Sem
EpwAnD II. MCCook.