New-York tribune., 1896-01-24

- md the di"ision The interest is one that is in
divisibe We told that this country is becom-
ing too much Of business place. We have been
told that great war would be a big benefit. and
that after 1t would be a better people. We
the othe: day. when We heard the first breath OF
war that we were weak where We should be strong.
III country proposes 10 be among the strong forces
or the world. sound currency Is as necessary as
"In country. like ours if we have currency
that is unsonnd. we incur most of the disasters
the attack our weakest point-our National
rency. Our friends over the country should take
lesson from what occurred during the slight talk
of that was current a few days ago. l can
scarcely conceive Of greater calamity than would
come to us in the event of a financial crisis such
were confronted with At such a time We see
the weakness OF our financial system We find that
source of great weakness at present. AMI that it
will be a source OF greater weakness in ne future.
Under our laws when we pay one OF our debts we
put II in our accounts an asset. II YOU. gentle
men when you paid your noe you carried ID those o,
them. why do YOU carry them so?'
GREENBACKs SHOULD BE RETIRED.
II believe that if this country would do thing
1t would 90 long way TO remedy this feeling. |
believe that if Congress had allowed the cancella-
ton of that part OF tho currency that has been paid
with gold, instead of having been obliged to issue
$Mop,olo OF bonds We would have been Obliged to
issue not ovei $25o00oo If the banks knew that
when they surrendered that paper money they
would never get il back again, don't believe that
eign exporters their gold rather than surrender
these notes and therefore these certificates would
be practically gold. All this would result in the
very liberal retirement of the paper money ana in
my judgment II would do more 10 establishe the
soundness of our currency than anything else.
1t seems TO me that If this laid before Con-
Sress and properly explained they would adopt this
system. bciieV" never Will come 10 a per
fecty sound system until the United States CON
fines itse.f to the coinage OF gold and silver as
practically subsidiary currency. believe. how
ever, that IL Congress would Vouchsafe this thing
IL would put Us on comparatively sound basis.
, If you increase the revenues so that they exceed
the expenditures YOU would naturally redeem the
paper money. This would remedy the super-abun-
Gance o. currency All this time you would D. hold
ing II as an asset You remember that in 1887 W"
were threatened with the danger of this super
abundance. We had too much revenue then; We
drawing too much money The on.y safe way
l. separate the revenue and currency questions
absolutely When you do that you adopt any
so,ution OF the tariff or questions that you
choose
Great applause followed Mr.. Farchilds speech,
and a enthusiastic admirer of the doctrine he adj
vocas suggested that three cheers be given for the
talented financier who had entertained the meeting
The cheers given with a will
THE GREATER NEWARK.
Mr. TIRE then introduced Franklin Murphy. the
chairman Of two State Republican committees
which had turned the tide OF battle in the State OF