New-York tribune., 1896-01-04

r.1uca o,,- ro-o,ra be,ovv o,r exnenses impaired
confidence IN our ability 70 manyan arnent 10 seil
bonds for the redemption OF ned states isdy 10
thsrc lor our hasc'ad ss,be TO pay current
money on me oest d crns pa ,Jnna reyenue for
snture wants? 70 this extent and for these pui-
poses am %t.Nns NO 40 suP.e PSaree w;th its general
poi,cv"
Mr. Sherman here induiged III crl''siia a u hv Wr
or ne pom 1s i1a ~ .3onDrcss r ncgocei 10 enact
t,.n laws the measures p?oposed: but neither the
Congress nor The Secretary OF the Treasury anl:cl
patel that the tine Wod.a co"e cnoi.a nvm t j., he
sV,snna w en,pintinr in Two and a half years TO $l62
1ooooD do not w!sh 10 criucise the sale OF bon9s
authorized by the RESUMPTION nc'. 70 10 ndn,nis
hciences ,sf d de Z, 6nin, rbis cvcn 10 the an
ps,Trnent OF the resumption fund. But 1t opght
frankly 10 say that the cause Oi ne lVaS.'n U ,r
resumption lumu Was ,a.,,isiatop a., h, ;hc las, C5n-
os r,esse' = Srcn defclency IL Giscrtdtable the
United sttten WIN KS ~, ,a~sinn more
money than is necessary for us eNienni,ur, 81 .te
IS humiianS 10 READ IN 'e na for money
from associated BANKERS. an., re oMcred hT n
deotor III we" OF n.tc5 cola 10 relieve III
rom our i,nn hV m iaxaton in some form ad-
remsay IS 20 nopp2 nS min ie'e csn be cf.ec,cd 20
money cove past ami fuuire d'hceIc ~; aS inis
states notes as was done from January ~ 10 ne ca
ist,ng law relating redemption are 'nenilonc1 ny
he President. First. ina; the lp'rS p.tsa,su s ~
redemptiom nus rus Ss (ea me powc: to hold
notes redeemed until they can be Vl.t-'sVu ~ ~
COMA discovery tina re shoHf h'Ee Htuc sot' 81
seGon1; s, [ne IN he rreasary and may 6e ap
piled TO current expenses
DEFECTS TO BE CORRECTED
,, ..oo,o,.nI
- c,,ro tho dorecs po,n;cd on. h., me a. Secretary Of
49,, r, ~. -, ,o,,har ,sso hu, ! hone will cor
the treasury ~ s'''''' ,'e, ~, r,,o,, vo,.s
rect them now 81 the request o. INC iF'S"e"'. >o
o,co ,odoarcd shoi,l1 orv be ressued for gold coin.
vas, ~ -, ,.~.,oa .,,,,,,l ho ,r,o5a.orv vlcn coin Is
ana such reissues Snou'i ~ III" 49, ., I1
deposited in the Treasury The resumption .un"
saold ba so,recat-1 from all other moneys OF the
,.,, g., n1 ,,otd o,,, onl,. In rcdomn,lon Of
United States rotes. WITH sucA pFoNlslohS IA '''c
I,v tho resumn;ion fund could not be invaded To
-. .n.,o,o,o. tn ,be rsranue Th,v should he
i.l.'. hons n cer,ifcate. of indebtedness
Of denominations az low rat" OF interest WI IN
would be readily taken by the peop@ through Ma
}p" banks @ m h M a?a htSa SPOKE Of tho
Presidents complain, that notes were presented ana
paid reissue! and paid again and again. mak!ns Il
continuous circuit. When. he asked ma; ihat cll-
,su9norted by the last Congress) created a dehcl-
ency and Ii continued because me dencleNcE con
ihe hone oxDresaed by him ha: IN Two or three years
there would be no deiict? The only ground for su,i
hone was that a new Administration Wouid protiur
more revenue and then the circuit would be broken
Whv NO; apply the REMEDY now? He believed ma,
under existing law. the aggregate gum ~ hitrd
States notes and Treasury Ao,ef 'ssaea , u,v -,
,sireT. q. mar with coin If the TWO amendments
mentioned hv him were adopted by Congress These
notes had all the sanction protection and se',Wify
,H,ch had heen or could he given 10 National bank
VIZ VIZ" ni, ~, ,he added henenf that The large saving
1e~.cd DOM them Injured TO he people OF the United
Sfates instead Of to tho bankers. Another reason,