, 1880-01-20
FINANCE.
The Currency Question-Demonetiza-
tion of Greenbaoks.
Sltrmans lll.id,tstd RetommtndatiQns-'oods
Funding Bill.
The ariefs Of clnim Agents-MePhenon
Cattle Bill.

udGu, SPOKE freely In-uny On
THE CURRENCY QUESTION.
lilo regarded tho proposition for tho tlcnonctiza-
tEon Of grcetbacks MS mistake, and cq,,nlly os'-
3tttsonMh'e lis il 1sn}it,rNi md financial mrnB-
nrp. "Butno OF tho most aklllf,l f1nn1lcicra IN
tho country nre opposed 10 It. YOU will acc In
Tits letter tshowing communication 10 tho
london Ec0h0mhll tho statement thht II lnrKo
wing Of tho Honest Money party' believe de-
nlpncttzntion wuull bo bud polry a1,d r,ischcv-
Gus to tho Inst degree. It Ia foolish for tho al
vf,cutes 0f thls mcna,,ro In tho newspapers to
spc1k Of themselves lis tho 11onest-M Money purity,
II thoy mcAn thereby to imply TINT tho opponents
of II nro dishonest. Frnncc, Englnnd. untl Can.
ndn hav0 u lcgal.tcntlcr, and 1lOlm'dy calls them
dishonest, When wG wore with tho dclnnuei.zh-
tion men thcy Thought Of us ns honest enough.
hut tho moment W.T. bcRtn TO dITcr from them
they Gull us dishonest. 1t Isnt wise for them to
seek to autagnnlzc and tlryu on SO lnrHc a wing
OF tho original Republican party. without whose
MD they could hnfc done nothing.
II ain sorry nlso, OH tho othor hnnd. to SEQ
sotnC editors with whom Hgree on this subject
tmpt'gning tho motives of tho President nnh tho
Secretary uf tho Treasury. and cnlny inln,cs.
When TINT IA t1uno In my presence resent It.
Tho President and tho Bccreturyo OF tho Treasury
huyc IN ylew tho welfare Of tho Whole country.
They urYu decentralization because they believe
It 10 be advisable. tlcfcr To- tht!r superior
knowledge, wiilr, ut tho sumo time. prLsnteiy
rxIr..ss M nv oniminms.' s'''s"~ ''''1 ''"'o''
"w0uLD pEMoNETrZAT1oS nE PROFITABLE Fofs
THE BANKA 7"
why. no; TINT Is tho must curious part Of the
Whole Controversy. 1t cMnt bU supposed thAt
tho hunks would tlcsirU tn rrt,lri tO II specie
l!,sls, as they, won1 eventually bc con,pccd to
20 4 they hui not tte power 70 redeem T.. EnrI,.
DUCKS. u HttennHcKs Wcro dc1nnnctlHcA tlaet
cthiltliit keep thqlr reserves ~ them long: u
ls beell urHet, kiinWt that tho provision q tho
INV htty requires tne Lssserfes "a ua Kept III NV
tM ~, .s, I'LL uaI H. ES MutHh @ @ .s ,t
In cas t,ir,,l mn i,t,t 1ertaM TINT II isn't1. It
tocslit follow that tho inv wo,il.i ren,uin i'm.
Igl,ous or, tits toi,,t Pc0plc would no; consent
,,,ses of Tia hanks. Tna aut n slemonrti2atsnf
o e@lly @ re@,rs 1 a. The n.ks t to r!se"
tion pilrnuses tt, Uc kept in niu,ioy tint would
reiea,,t n,.uothlng." '''0' ''3@''
thin tho woe nata,r cI,rrertv ~ y NJ nar Nntionai
Junk Ilotcs shotlli be directly puynblo itI S~j.l
NV fns. ;. IthJnls tboro fs. wo bavc m,ch morc
tim thn cstItiasesi nu;ut ar Iii t,cst.ssnrv fnr
Ills purpose. You viii sec this pt,i,,t dis ill.,
sS E S to iM ': t yc S ,c @y W..
nna tS ,Sy c"ss5|y *1I{. n9rS 'hn hn ~ S Hs @ III f.
vcr *IsSWT,.V}3 to siWUJ,otD. which is jnrrc,ls.
inv. i,s ypi, k.nw. VERY r,pijy. hit this
fnr us stt. n0thiilr would im rainei by tnrI,w-
inv thts n!liionaf strain On tho finITciai ro-
sources Of ,1,' tho so%ts ~ tsS M, r, ,,os, w.
uutrInr titn links 10 kecu hnlf Of tholr reserves
III roIii II
OF II. The b,ifiks, bccgl1se they thInk It will
make tho tlnancnt systeni sounder, md the op..
pnneats r. q THO bnnka beGa,lso thoy IT, think IT. M!t!
s, e ne ~ TIC banks eae reu sss svs ID %
INSTANCES Hinro thnn sufficient coin rcsunrccs to
'4'''' tuv .ns r.'vumsn nS Sr,un,vsns y. @ ,r,o.a