New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-23


allea9y ehefo@ched upon Is peronsly near such en-:
admit of differences Of opinion ca for no argument.
daey nave s Deen forewarhed 70 In the official re-
I'LL now They are plainly affirmed in the last De
esDer Tspor OF The present Secretary the Treasury
they appear IN the official documents Of this Con
res anu ny wbc she e. records Of the New York Clearing
which ne bulk of the receipts and payments of the
feoerst ss government n and Of the country pass
danger ana our duty avert that danger would seem
70 De plain nope that you concur with and with
the great majority of our fellOwczens I'm deenng it
most desirable at the present juncte TO maintain and
eS H 1nass use the mass Of our gold COIN well as
present. suspension OF the purchase and coinage q
Is possible. IT is Of momenOus imp5rtance 10 prevent
the two metals from parting company to preserve the
increasing displacement of gold by the increasing coin
Houses Of he United sss sss q Pie sS Sa bns c
Of gold by silver such financial crisis as these
events would certainly pfecipitate were II now 10
would involve the people Of every city and every state
IN the Union in a prolonged and disastrous trouble.
The revival Of business enterprise and prosperity so
ardeutly desired and apparently near would be hope
lessly postponed Gold would be withdrawn 20 lis
the actual volume At currency would speedily take
place saddest Of all in every Workshop, MILL factory,
store, aud every railroad and farm the wages OF
labor, already depressed would suffer s further
BY s as S G S Of the he ~ Of
these impending celanities II Is surely patriotic
and grateful duty of the representatives of the
to deliver them. l am, gentlemen, with sincere re-
spect, ycur fellow-cltzen,
Albany, Feb. "a, 1852 --''-'-
HARTER CALLS IT SUICIDE.
Mr. Harter, Democratic Representative in the
LID Congress- is accredited with SAYING;
If we are unfortunate and unwise enough TO mako
silver party question, and favor the coinage Of
entyfve cents worth of silver into egatendor silver
dollar CHE profit going TO the Of the silver.
does under free conage) believe we win lose New
York. Connecticut and New-Jersey and that IL will
prevent us carrying Massachusetts, New-Hampshlre
and six or eight other doubtful states all Of which
we can carry If nominate great party leader and
Steer clear Of this iree-slver The adoption OF
t1fs Wild idea will not bring into the Democratic col
umn solitary state in the Union 1t Will be political
sIiciGe and might well make an assignment as
2 party and receiver appointed What NJ
Harter believed unjust and unwse has oGcurrel,
If one wing Of the Democratic party.
Nv competitor has said in bis reported interviews
+bo In sentiment upOn this subject, the Democrats OF
ohio are very much divided that the vote in inc con.
venton was very cG1c %S minds of large number
Of The Democrats OF the state OF the ISe oo1n',5D
declaration. and en!olns the RorMCe +a a as IN
ali The contests Of the past they have been forced u
stand together for an honest ea "4 while he had his
doubts about IT, he was willing to chance Ige anu
Chance IT, Under present conditions the country
cannot afford 10 chance IT, can lInngIhe nytnns
which
deranging to commercial ana 1ancia IhSsS tr
IA make this the dumping ground Of the worc slNr:
The silver producer might Re beneh'ed' OUT 'h' ''''
If there be any profit in the coinage en OF - T tc
Government ever since the Bland Allison acL IL
new declaration would take il from the "oVerlno"'
ana gve the y, oeone know kat II we had yardstck
one three feet in length and the other two ana ran
tef i'm length the buyer would always nave ms gOyls
,oas,rnd 10 him bv the shorter stick, ana tLit ti5
Io9rer stick would 90 into permanent di'us1 II Is
exaGy 50 wi with mGnfG an lG'd 9ar which
Iecatcnder by the fat Of the Government -'ll no
ana 2gcu!turst i it is TIE fmeE aRg T ibe bshei
measure with which he measures his wheat lot ''o
buyer. three pccEs instead q t''i7'
now TO MAINTAIN FREE COINAGE.
lam IN favor of the double standard. but l am not
in favor of the free and unlimited coinage oi slVcr III
the United States until the nations OF the "oIId 7i
ion us in guaranteeing 10 silver q status "h'l -
laws now accord TO gold. The double suinud'u mp
oouality at a ratio and that equality can only De esl
usbcd nv the concurrent law of nations II was inc
concurrent law of nations that made the douOe 9'nu
ard IL will require the concurrent IL" oI I"uo"' ~
reusatc and sustain it. Until then 1of Us l, -
the frsc and unlimited Of the WORDS sH'el
would ordain that Our silver dollars ~ou4d surely w
nr.c,ate and gold would 20 10 premium
No man knows what the future may be- but IN our
rre..n+ condition and with our present hSht eVe.yg
consideration OF safety requEes u9 baI are 10 an
status. until the oVic' Ni1"' i'
int n3tonS iTa against depreciation Of curecy
IN nrinclpe and for the reasons sI4tcd p u en-
another reason which, II IT STOOD aloie, W so nroon
elusive to my mind, ard wo1u Plag H i r,.Iilation
70 me da The money creditors of the Government
ahort o iae The bondholdcrs and those who loaned
when IN the Government time of war, haVe
becn largely paid of. and In every lhsIu,g i credi
IN the DtsC 0veynmept today are not ths b0ndhO4e7
nor he men Of capital ana large means 9nt e srTsi
VINO I0t cause in which mankind hes ever eSe,
In 1867 the Government 0w.u 10 S form Of bonds,
ariv 80 900 OOO.o 900. upon when 1t annuan} ~ te
interest alone 81 l6 g9 66o Wien the attempt
county, I'D st that time by the leaders Of he party tNtS
now stands III Sagt to the bondhoder or pay it OIL
IL dcrreciated currency insiSuss .9 tb @So nsTtT
could pay ~ od eood aith u its creditors and honor
Me nayment OF every ObeaOh' az IA tLat fhe
Ilde o. mh ug 3beS had saved from armed force shoa
mon "i Mn mt upon its financial honor but sOgE
debt i had eonI bse Coin Of ic Republic. and every
ofgotob should be sacredly kept ana ooscryed t
None iosaop was provided for The G0gcTaH 6n6
Of that great debt has been paid OIL ho' J" '"PP'
dollar but in full dollar
PENSIONERS NOT BONDHoLDERs.
| The positions now reNer~eo' ii' - .,,
creditors Of the Government are no" tle -
| are in every state and Territory OF the uIloi' W
and in many of the states OF the SOUTH Inc lhVooS'
On the public debt 10 the bondhOldess is only S@'OOo'
900 annually. as against s143ooo,o0o in 1867. ana
the pension roll Of the soldiers IN 1871 b q4''
against 500 1000 900 in 1867. Shall the souer Il" .0
1t creat debt maid aft in the same coin the bond
holder Is it right to force upon him dollar worth
80 cents when the other creditors oil the "oVefnnen'
were paid dollar worth 100 cents Is ~ Ju'I I'd
the pensioner who receives $l2 month TO DC p"41
i'm Silver dollar worth 50 cents and thus receive % ne
a. his mopthly peDsion, rather than %I-' VII T' one
Government has contracted TO pay nm a. .b co1utry
shall never that the soldiers ol tle 1871
shan be paid in any poorer coin than the Host la'
| creditors OF the Government. T..
| Ohio has In the pas tSlVeh HT VOC ~. +he
| cebased currency, and she VIII hCt uO - Al VIZ
| future. go r., ;-eotcyn IN 1874
| When the country was wild for lhnauou III 80.
under pressure of hard lines (ald they "eIt haru
saber nse of the people OF this state, without Iga
i oOOCl Thn ndnuln Oh