New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-21

no nronosed To sop tho refunding operations OF the
Treasury Department, which bad just then been
sgnalized by the greatest financial triumph III Tue
history of this or any other Government lhls phl
also provided for immediate imitation OF the cur
rency to the extent of about $2OO,0OOOOo by pay
ing off that amount of Government Donds III law
full money! or greenbacks. 1t also provided Tor the
like reputation of the remainder OF the puDiio aeO'
as 1t falls due.
The third bill by which Mr.. Murch proposed to
relieve the people provides that the S35OOO,OOo OF
| trade dollars which have been coined for use IN
China shall be lega-tender for one year, receiVaoe
for all debts and demands, including customs dues
owing 10 the United States" and that all the traue
dollars so received shall be Immediately recoineu
| into standard silver dollars ana addou W '0
| amount on hand and in circulation,
| The Maine statesman was still unappeased. lie
felt that something more was necessary lor the Ie
! lief of the people" lie accordingly offered t"o
other bills which are somewhat obscure In ther pro-
visions but which appear to require that All la"oi
| ers vorkmen. mechanics, teamsters walcnhe"
and shipkeepers employed by or IN behal Oh 'he
limited StatesD at any time within the last eleven
wears shall receive 20 per cent in addition 10 INC
sums already paid them. 10 carry out these proVl-
sions the appropriation of unknown sum, but not
| loss than $40 600 600 will be required. Ana IL Is
! understood that Mr. Murch will himself be one Oh
the benefciaries. The above gratulty MI M"i0i,
PROPOSES that the Government shall pay 10 clSs Vi
men who have already been paid more Tor DONG less
work than has been received by similar employ III
private establishments for doing more work. TINS
hill will hardly endear Mr., Murch 10 the great mass
| of workinpmen everywhere VINO are not III the ell
/ ploy of the Government.
MR.. WEAVER, OF IOWA, TO THE RESCUE
The Name Representative was not alone III MS uc-
sire to relieve the people ON the 2lst OF last April
Mr. Weaver. of Iowa, came TO the front with two
bills for that purpose. In the hrst place he pIo-
posed a new issue of fractional currency to the
| omornt of $4,000 OOO This is to be receivable
| in pavmept of all taxes and dues to the United
States less than five dollars" and to be exchange
able NV the assistant trcasurers and designated de
osifaries for United States silver COINS, Onlted
States notes. or for circulating National DalK hoteS
in all sums not less than three dollars" Dut MI
Weaver has a mind as broad as the breezy prarles
| from which he comes, and his financial genius was
not satisfied by any such patry sum as hIty hliloS
in shinplasters. He Immediately produced announcer
bill which is of especial interest because IL dlscioseS
| the meaning of the words lawful money" with
which currency MIR. Murch proposes to pay the pun
| lie debt. The bull has beauC1ul prealO4e' wv
| which reads as follows:
Whereas The business in erests and enterprise Of th.
country nave professionally retarded, aud ITS real
| oef4 10
tracing the currency, and funding into Donds Severn
uent Obligations once used money, whereby the bur
deus imposed upon the people to pay al dSO.s uDc
and private ave been unustly increased Now, there
lore. order revive business restore
courage enterprise, and cstahlsh JUST ana egi'a9'
income from labor and real estate, BE u enacted etc
Then follow four sections, the first of which d.
reefs the Secretary of the Treasury " to get ready
| and urepare for issuing" six hundred
| million dollars of Untel States notes. to be known
as lawful money of the United States, which shali
be of convenient denominations for the transaction
Of ordinary business among the people," ms
money is TO be receivable in payment OF taxes ana
of all debts public or private, within the United
| States including, of course, the principal ana IN
! terest of the public debt. Mr.. Weaver evidently
| had not unite made up his mind how TO get this
money into the hands of the suffering people, and
so he added a section which provides that such
notes shall be paid ont of the Treasury for such
purposes as Congress shall hereafter by law direct"
No doubt Mr. Weaver feels confident. as he has
right to feel that any Congress which Will pass his
bill Will also direct the payment OF the money di-
rectlv into the hands of the suffering Millions" or
in any other manner to revive business, restore
confidence, encourage enterprise etc.
THE HON. DE Ia MATYR's CRAZY sCHgMKs.
The EIGHT bills above described comprise all the
relief measures introduced by the GreenbhekeTs on
April 81 They looked upon their work and pro-
nouuced il good as far 1t went. But they felt
that il was not yet complete, and accordingly, on
Nav D. four more bills were introduced. The author
of these astonishing productions is the Hon. Gilbert
DE La Natyr, of Indiana. This gentleman is said
IN he an eloquent preacher and profound theOlo-
oion His ideas of political economy have rlpened
uudnr an Indiana sun while he has been engaged
in performing his duties an ltinerant preacher
Mr. De La Niatyr feels the pressing and paramount
NECESSITY of building lcvces along the MISSISSIPPI
River and its tributaries. His elaborate bill on this
subeet contains seven sections. the most interest
ipgone OF which apprOpriates $65, 100000, to be
Maid ont Of the greenback currency account" to
bu,ld leyees wherever the :" Board of Mississippi
Leyee Commissioner" may think proper
The next Bfll of he Hooser economist provides
for funding municipal indebtedness with United
States paper money" This bill is a marvel Of SIM
nlicity. although it calls for an appropriation Of
'legal-tender paper money" which will amount III
round numbers, according to the very best esti-
mates. to the very liberal sum of 81 200 100000
Apv city. village or other municipal corporation
may deposit its bonds to the amount of Its out
stord;no Indebtedness with the United States, and
receive therefor the same amount of leRa-tender
naDer money. The bonds are to bear2 per cent in
terest and none of them are TO run less than fifty
years They mas run a thousand years or more
The cOrporatiOns are required to pay all the debts
TO other creditors out of the money received from
the United States; and also to promise that they
will not run in debt any more until they have paid
the United States the amount borrowed. This
CHEAP easy and honest scheme OF REIMBURSEMENT"
ought to commend itself to all corporations VINO
are bankrupt through extravaganza. what their
creditors may have to say about it is another mat
ter and one with which the author OF this bill does
NOT Concern himself. Neither does he seem to re-
card tine fact that he was not sent to Congress to
push schemes OF this sort.