The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-01-14
Secretary ssss%Sp sSnsS ,..Sss. AND the Honest


CHICAGO, January ls.-The iollowin
letter has been received here:
WASHINGTON, DO, January 9, 1879.
Thomas NJ Michol, Esg., Seentary HOne
Money League, Chicago
DEAR sIR-I have to acknowledge III
receipt OF your letter Of the 4lh instant
enclosing copy Of the kindly resolution
OF the Honest Money League OF the 9,
instant, for which | return my grateful
thanks. ...
Resumption, so long struggled for ant
so eminently beneficial 10 all Interests ant
to all classes, is now secure. There ar
but two points incident 10 resumption
about which l notice complaint. First
the non-payment OF interest on the public
debt in gold coin at cities other than New
York; second, criticisms on the distribu
tion OF the silver dollar by this depart
menk To maintain specie payments the
coin must be kept In some central, conve
nient depository, always accessible. The
law fixes New York as this place. II d
not reasonable, while we promptly redeem
our notes and pay tho interest on the pub.
licdebt in New York, that complaint should
bemade because the coin Is otscattered BY
being transported at the will Of the credI.
tors, at considerable cost, to other parts oi
the United States. Wemust make no dis.
tinction between the payment Of interest
and the redemption Of notes, but both
should DO paid ut the same place and in
the same way; or we again mako tho dis.
elimination 80 much complained " be.
tWnnn tba nlnbnI, o,,,I kI,n Ia,, IL, M.
| hope, after some preparation and lapse
OF time, II may be convenient to exchange
coin for notes and pay interest Rt all tho
repositories in the United States, and I
will seek to bring about that result, not as
matter Of legal duty, but for tho conven.
ience OF citizens. AS To the other matter
| have clear conviction that the forced
payment of the silver dollar TO public
creditors would tend to deprcCiate It and
cause 1t al once TO be sold in the market at
less than par. No friend OF tho silver dol.
lar should desire it to be forced into cir.
Culation under such circumstances.
This would open gap between the sill.
yer dollar and United States notes that
would tend to bring it into discredit among
our people, while It Is plainly the policy
VI tIS lAM LLut ~ bIlOulu DS ulluntulQeu "
par with United States notes. The Depart
ment isnow issuing the silver dollars, trans.
porting them free OF charge wherever
needed, to all who wish them in exchange
for United States notes or in payment for
services, and 1t is hoped TINT the whole
coinage may thus be put in circulation.
While it is the duty OF the government To
coin different kinds OF money az public
policy dictates, it should be within tho
power OF the citizen at his option to de.
mand either form OF lawful money.
II is hoped that the friends Of resump-
ton will be satisfied with the bcneticent
results already accomplished and will give
the Department reasonable iorbearance in
tho practical execution Of its plans. II so
those who have hitherto disagreed with US
about resumption may join with us in ap.
plauding the policy now being main.
tained. ...
Very respectfully yours,
JOHN SHERMAN.