The Evening critic., 1881-12-09
FoLGER,S FUNDING.
what Distin guished Statesmen Say
of the Sccrctnry's Views. xs7zE

phatlcally dcnounce as impracticablc his fund.
ing scheme, maintaining that It looks Ms though
It was intended for II foundation FOR favored
stock operators 10 60 ON during future stock
transactions.
The Busy Bccs
connected with THE CRITIC and 10 one who IL
dronc Is permitted to retain place on the
cntcrprIslng Journal, today interviewed
number Of distinguished statesmen, with re-.
suits rs stated below. majority Of those In.
tcrviwcd desired not To connect their names
with any opinion ON the proposition of Folgcr,
regarding tax on bank circulation, but believe
| there should he n taxation, and that the pres.
ent suggestion OF Folgcr may be In the interest
of bankers.
Also, There Is feeling that the present rev,
cnuc taxes should DO maintained,
Congressman Manning's Views.
"What do you think OF Secretary Folger's
proposition TO fund the public debt ?" asked
THE CRITIC OF Gen. Van II. Manning this morn
! Ing.
"1t will help the Democratic party. We
passed three per cent. funding bill, and net
Ing President Hayes, by the advice of Gen.
sherman, then Secretary Of the Treasury,
vetoed the bill. and large majority OF the
Democratic party are opposed to his recon.
mendatio ms relative to silver certificates and
| the silver dollar"
Representative Kcnna,
of West Virginia, said Just soon as money
became plentiful and the country prosperous,
some fool was sure to commence tampcflng
with the currency. He was opposed TO Mr..
Folger's proposition. He represented n new
country, and his people wanted all the money
they could get.
Gen. Cook.
| OF Georgia, said he was opposed to the Score.
tary's idea as a whole. The people wanted all
the silver dug out of the earth made into
@Sn National hs aS, sS place to store It, on
| THE CRITIC talked with several other Repre-
sentatiyes, each OF whom expressed about the
| Same Views relative TO the sccretary's propo-
| sltion.
The Grcenbackcrs expressed themselves rs
| follows:
"Ancnt the suggestions of Secretary Folgcr,
Win regard to the repeal of the silver coinage
| act and the rounding OF tho bonded debt, n
| leading Grecnbackor this morning Indicated
| the views of the 9reenback members on those
subjects, He said that all Greenbackers were
| opposed to any reduction In the amount of sill
yer coinage, but favored tho unlimited coinage
| OF silver; that they wore In favor OF the rapid
extinguishment OF the public debt, and would
therefore oppose any refunding measure,
| believing that the perpetuatipn of the interest
bearing debt for day longer than 1t can be
met and paid, to be prejudicial to the inter
ests of the people"
MIR. Springer, Of Illinois.
| said he had not read Secretary Folgers recon.
mendations about funding the public debt,
but he would say that the Democratic party
was on record in favor OF 2 three per cent
bond. He would say that SO far as the silver
dollar was concerned the majority of the
party, in his opinion, was I'm favor of the law
relative thereto as II now stood, also the silver
certificates.
a Western Democratic Senator said that he
whole for funding the public debt.
senator Logan.
when asked what he thought OF Mr.. Folger's
| funding proposition, said that he had given
the subject but little thought but had estab.
lished n rule never TO be interviewed by news
paper mon. He had no objection, he said, TO
discussing the matter, but not for publication
From the Senator's assertions THB CRITIC re-
porter was led to believe that he does not
subscribe to Mr. Folger's scheme.
Hon: James s. Robinson, OF Ohio, had not
looked Into the matter very closely, but was OF
the opinion that n 3 per cent bond was what
was needed for funding the debt. He did not
agree with Mr.. Folger on several points. Mr..
| Robinson Ia an experienced and good business
| man, and looks financial matters squarely in
the face.
Major william II. Calkins.
member from Indiana, Is decidedly of the
opinion that n 3 per cent. bond ia what is
II bond bearing over per cent. interest, and
thinks the Government should keep the $780,
100000 OF her debt down to n low rate OF In
terest. He objects 10 Mr. Folger's scheme, es.
pecially rs TO the length OF time the bonds
shall run, and TO the 81, per cent interest,
which he thinks can be decreased to the extent
of the fraction
Hon. Amos Townsend.
member from Ohio, had given the proposition
OF Mr.. Folger but brief notice, and Is of the
opinion that 1t Ia all right. He thinks 81 low
enough, and the time proposed for bonds to
run not too long
Gen. George II. Davis.
OF Chicago, one of the leading members from
| the Sucker State, hesitated to reply to the In
terrogatories of THE CRITIC leg-man, remark
ing, with understanding, that he was too young
to ofrer digest OF such a pro,
found question. But he ventured to
say that he thought 3 per cent. bond could
should be altered to that extent, at least
Fifth Auditor ID. y. Alexander
stated TO n CRITIC interviewer that he believed
that whatever Judge Folger would recommend
must be right; that the Judge was laboring
hard for the betterment of the country In es.
| tablishing Il healthy condition of our finances,
and he thought Judge Folger would do the best
thing possible. He Endorsed the scheme.
| Gen. q. w. Clark,
OF this city, said 1t was his opinion that this
country would show deplorable commercial
condition II the United States bonds bearing
| 3l2 pcr cent. were offered on the market. He
thinks whatever Judge Folger recommends
must be honest and for the best interests OF the
country.
A Trio of Texas Politicians
were accosted by n CRITIC man. They were
too busy TO study the matter OF funding the
debt; they were In the city looking after their
official heads; but II they knew anything
about Folger's proposition they were against
1t. They kicked, especially, on any movement
/
| ters-the tax on whisky-(which commodity
| Texas ia well yersed In I'm particular.
A Statesman from the wild West,
who declined to permit the use OF his name,
gave utterance TO the following views:
ST the continued O per cent. and 3 per
cent. bonds, now bearing only 31 per cent
interest, and rodeemable NJ the pleasure OF the
| Government, can be funded at lower rate Of
! interest say per cent? the bonds TO run for n
long period OF years before the Government
could compel their redemption, very well, but
II they cannot be funded at a rate OF interest
that low or lower, they should be let severely
alone. / think the President is wrong In
thinking that there is any general de-
mand among the people for the reduction
or abolition OF Internal revenue taxes.
or course tobacco manufacturers and grocers
would like the tax on tobacco removed; the
whisky and beer particularly the middle
men-want the whisky and beer taxes re-
moved; the matchmakers want the tax on
matches taken on the makers of patent pills
want relief, and the bankers would be CRATE
full II they had no taxes to pay. The people,
however, do not feel that way. They want
these taxes TO stay Just rs they are, ana If
there Is any surplus TO spend 1t In Il liberal
system OF Internal improvements
buy n Patent Rocker
for the holidays Mt julius Lansburgh's,
$40 Seventh street.
Ready for SANTANA Bay.