OCR Text |
Show Judge Kslley, of Pennsylvania, has received a letter from a pro min-! ent financier, expressing the opinion that "the repeal of the legal tender act would be rather more disastrous to the people of the country than was the rebellion itself. Every creditor on a mortgage would foreclose, iu anticipation an-ticipation of repeal, demanding greenbacks, since they were of gold value; and whore would the debtor borrow the money to save his property proper-ty ?" Win. Walter Phelps, of New York, wants the government to borrow bor-row money on fifty-years' bonds in order to redeem t!e greenbacks. The Philadelphia Press says: Grant 3 recon menus tions may meet with tti approval uf t.iti eastern "capilnl-isLi "capilnl-isLi aud lilt; iKiiUeri uf New l'ork and other centra, who pc ulate in ttonev find on llio ncccSfititti i1" trie people, but th y will fail Ut -atisly the country nt large. Tim taifc about the irrcdecinatiil-ityut'the irrcdecinatiil-ityut'the rocnuic is wastAt upon ttm ft venige citizen, it pays m taxtg, sup-poring sup-poring that he U not an importer, and it purchases hi- i ui aud cl tmng, prejum-mg prejum-mg that he U not a pampered child of luxury. Tne pr-idem's conci. n, that afur resumption we may havu five (unking, (unk-ing, U a top to Ccrberu- that will not be greedily devuure i. The va t umj jruv of the people prefer tbe Kovcrnmeut to individual:. indi-vidual:. No, let iu keep the legal t nder act, aud foither, inaku the ureenback a, gx,d in payment of a debt to the United States at tuu cujt iiiihou.-e iii it U nt t e inquisitorinL internal revenue agent's otlice. |