National Republican., 1883-07-04
THE MAN on THE AVENUE.
s,nor T.II, About nIen and Measures.

| "What will be the upshot Of this trade
dollar agitationP was asked Of Acting Secre-
tary of the Treasury New last evening
"There can be only one outcome to 1t.
Congress viii have to take care Of the trade
dollars outstanding. They were coined as
dollars they have the government stamp on
them, and tho joint resolution of congress
taking from them their legal tender quality
was to gratuitously bastardize its own child.
The Same power will have to logitimatize the
! infant it noedlossly disgraced. Tho easiest,
best, and cheapest way this can bo done W i'll
be TO mako the trade dollar redeem
able in standard dollars. Tho standard
dollar has "a grains less silver than tho trade
dollar, but is logal tender, and that makes 1t
worth a dollar. 1t will always no worth u
dollar unless congress does with IL, as IL did
with the trade dollar, and bastardize its own
offspring, an unnatural proceeding it is not
likely TO repeat. Tho a grains difference in
the bullion value Of the two dollars will pay
tho cost of recoinago, and perhaps leave
profit"
"Would not such move rs you suggest
cause current of trade dollars to set in from
China ?"
"Tho trade dollar circulates for what it is
intrinccally WORTH and rs il is worth seven
and q half grains moro than tho standard
( dollar, there is no danger of the coins now in
circulation in Asia coming back on our hands.
What can those into whose hands IL has gone
get to take its place, 1 should like to know"
"Having told me what is going to become
of the trade dollar, tell me something about
the standard dollar What is going to become
of that2"
ut is going to remain what ii is now until
the end of time for aught / know--a legal
tender dollar. l might say, however, that
we have about enough silver dollars for the
present, and ] am in favor of stopping their
further coinage. l was an original silver
man. One of my reasons for advocating the
coinage of the existing standard dollar was to
assist in the resumption of specie payment.
II served its purpose in that direction admi-
rably As l said before, think enough
dollars have been coined. One can have too
much Of good thing, you know"
when the government goes out of the
market rs purchaser of silver, won't the
price of that metal deprecate to such degree
as to drive tho standard dollar out of circula-
tion 9'
"That will be impossible" No power can
| urlNo UnB Stan uaTu bllNcT uOlldr Oub Oh ClICu-
lation so long as it is receivable at the treas
ury for its face value. Don't lose sleep on
that account"
Treasurer Wyman is Of the opinion that
the silver now coined into dollars will be
eventually absorbed in the trade, but ne too
thinks there are enough dollars on hand He
attributes the reluctance Of the Now York
I banks to handle standard silver dollars to the
g fact that they are worth less than their face
q value in gold. 1t is clear to him that some
people cannot be made to believe that a gov
ernment stamp on 81 cents worth of silver
; makes it worth 100 cents.
G "Will not the silver dollar find its way
It back into politics ?" asked the Avenue man
IS "I think not. A few of the western state
l. will probably oppose any man looking to the
stopping of further coinage of silver dollars
= but that will not be a partisan opposition
The silver producing states naturally wan
10 the government to buy their metal and coli
g it as long as possible"
y a@a
! Ben Le Fevre admitted to friend conf
\ dentially yesterday that Hoadly's chance
of election were very slim. "Ohio is 5000
OF hc SuluJ anu Jul ohi
is hope of winning is to get the republican
III fighting among themselves. We thought W
8 Shad 'em this year, but the outlook is less eI
-, couraging now than it once was"
" "Then you don't think the democrats wi
elect HoadlyP"
81 am afraid we can't reach, but we al
A. going to try"
- Ex-President Hayes does not hold n yer
exalted place in Mr.. Le Fevres estimation
judging from the remark he made. Hay
T. goes down to the corner grocery every day
he said, "and sits around gossiping with u
ne other sittels and reading the grocer's pt
nv pers, never even thanking him for their u'
n. when he leaves. The old man couldn't
elected road supervisor.
ws&
Englands refusal to confirm the annex
go tion of New Guinea by the colony Of Queen
BY land was a subject of general discussion
of diplomatic circles yesterday. England hi
a double reason for not approving this a
nexation, neither of which is given in Il
, authorized statement published this NOR
h0 ing" said diplomatic. "In the fiji
place tho imperial government do,
oss not want to establish what may be
lowed to reach out and annex terrific
asst one of them may some day grab somethil
m- that would burn Britain's fingers and get I
lion into row. England cannot afford
sign checks in blank and distribute the
among her colonies. Neither can she ailo
e'' to become responsible for the annexati
ire acts of her colonies. Then, aga
England does not want to foster
spirit of independence in her dependence
,en The government wants all the colonial &c
A. erpment to lean upon her. 1t will not do
teach them to stand upright. They W
have to stand alone soon enough without {
couragement from the central power. l Q
wo not surprised that England should have
tho buked Queensland. New Guinea will be I
nexed finally, however, but not by the in'
pendent acts of any colony"
-----s---
no Tariff Decisions.
The Treasury department. has decided Il