New-York tribune., 1897-08-19

Si%a veSsmrncs '"r ssans Fn their absolute
eositIon and treatment they compel the interests Of
trade and the cause Of labor, the undertakings o.
Those who now assert that they are patriotic
emblem Of the war and o asy be S Sstory OF
their creation and their effect upon the country
tired. yielding 10 no ordinary rules OF trade necess-
ties In expansion or contraction In volume IN h ,nr
face are uncertainty and doubt. causing from their
inception loss and expense to me peoRie IA ny & at
maturey drove the country from a specie basis to
one for many years. OF irredeemable paper, AT the
time they were first sent forth Their most ardsht
advocate apologzed for their issue ana promised
quick and M n 6y weTe H
for time made convertible into an interest bearing
stances surrounding the Government not dozen
votes could have been obtained In either me senate
they embodied Secretary Chase was dragooned
through what he mstakably believed to be are dITe
fatty declined advocate their issue in his report
70 Congress and in his caPac,y Of chsf JnsG OF
as unconstitutional the legaltender quality attich-
ing 70 them was stated ana 1ls on was a
such law never passed. but such lay was never never
recommended by any department of the Govern
ment. and that such measure was never seriously
entertained in debate IN either branch OF Congress
s. Morrill, then a member OF tne ,9minieIT" ,ei I Ji
speech denounced them the precursor of pro-
life brood OF promises, and the blll as mes @neSure IRE
not blessed by one sound precedent and damned by
all His prediction of thiry-hve years ago ana
& MS IN rae 2a on % which have marked our
history since that time, and to-day as ne recus 20
satisfaction in the knowledge that his statesman
ship. unlike that OF some others OF that era. was
sn'i;E,eht Single hour 9 Of set the SFl Saions ife
The temporary issues Of that day despite the the
OF the Treasury are yet a part of the fixed volume
OF our currency. From first to last they nnye been been
rlp md
placed upon the Government. The loss to the peo-
pie through hsr have o gven bh m
the damage to individual business enterprise ana ana
or Willingness of the Government to maintain their
payment In gold cannot be reckoned In figures
n ut Syfry Wick has uoon Us in
years mark their distinctive influence
CONDITIONS NOT LASTING.
II IS asserted that when the revenues OF the Gov
ernment exceed It's necessary expenditures no fur-
ther trouble will follow. and the argument based
upon former conditions under a plethora OF money
in the Treasury Is advanced in support of the con-
tention. 1t Is forgotten. however. how greatly the
burden placed upon the Treasury mas se Deeh 6 m
how under existing conditions OF today. the Treas
OF receipts The difficulty is a more far-reaching
one than mere lack OF revenue 1t toucnes the
those dealing with US in our ability and continuing
determination to maintain gold payments C9n- ON
The governmental income. but If it could there
no n
of IL through the same cause That danger can
only be eliminated BY rendering IL ifnp9}sssi }s 10
fr The noone of every nation 1t is not sufficient
10 have our currency good to-day, but an earnest
throughout the future. That promise cannot be
accented unless legislative action once for all es-
ours is gold standard country with laws esIaD.
ns,i'f re,d and with n Treasury so equipped and
sourceful as TO be unm9Ved no ,i redi,ed ru
strongly assam'shu h, The poI,cv Of an executive Of
hcer. and not the uhco"'fa''o'eu 'N''''''" u
I am aware that all this cannot be brought about
without a struggle. II rests with the Nation Iaw
making powers to say wne,ne, H ~ UPtbar thev
freed from ms oouy % ue' q, THO nannln a. the
shaH sun coit ~ S,nai,r yhich tnov no
other issue for complete r,a of lers
th9se WIZ wnT the ,nnouncement comes that nothing
latve actOn ,r n,ess concessions are made to inter-
can be done ui rssuits of which no man can fore
esrs IHe N ocb he the truth the duty is placed upon
every citIem , end 70 the losses so long entaed
apon apo " his fellows raise his voice in PrG%S, S
make the countrys it H. er,can r nanpIe
ihan Darpom po,ent force for good is the might Of
the most roo'. gainst the mower of II when once
aroused no legslalor ind h b,s b6astfl thraots or
stanG: no his demeanor Enforced by It the repeal
a or sSSd PS By M6
@1 h%m either or SURRENDER y Tas d
from unwillsi ii,.nr @ nurchasng act II viii accom-
Tns psh % no TO-DAY for the wefaTG Of the c1e"
If II Is again a. -, o,is,.,,io IT, roo1 -
John IL. lathers' vi NY ~. ~ |
noner before the association ehtitled: is '''"''
Rnreau. or Bureau of Information to Prevent
bureau Dod Dobts Feasible Among Bank
Losses FROM pau ,'',..o, - ,,on Co.. suoh = |
ers?" The speaker supi"'''cu pa" i '
,,roou
pu''"", , ,.os,,a,+ ~ tho Nerchants Ma |
John =. Branch p'eS'u'". VI ,re ,, wv w. ~ |
tiOnal Bank oI Niciiho'''' -
the Currency"
THE TRUST COMPANIES oE' lloN'
,, srst annual meeting Of the trust company |