Show miscellaneous girl carl schurz ou on tile the currency qa question estion ile ho goes after wendell phillips with sharp sticks and ami shows will what at phillipa Phillip 3 i 1 dont know i 1 boril bos tweed will sojourn in ili jail I 1 I 1 I 1 lake Schoon schooner tr Wreck ed cil and 1 cargo lost ported Tiri eit org ont t of etsell i I 1 arav oot 8 tho tha supreme court in its general term judges davis davin braly and daniels holding the iho term dolive rod an aa i on the by tweeds counsel that on entering on in an order pursuant to it iu recent decision confirming judge barrotta Barrot tJ refusal tl vacate nn an order bt 4 arrest the court allow the defendant to answer demurrer like other action vs mi advised the court rives ies tho the defendant merely days daya to answer which will give the iho plaintiff timp time to notice tho the caso case for trial folluo JI NAsu vim oct 8 B abe te Tenn aness essco eo central Colle goot of this city aa as dedicated yesterday the ho ceremonies anios being conducted by rev hay DT dr kusk husk on tho the platform were bested tho the members of the Tenne tennesea pea con florenco of the methodist episcopal the of tho the and risk university with several of the mot prominent colored citizens the address was delivered by bichop bowman short addresses were also made by bishop honor honer professor Prof asor and others tho the now thild 1 u ila ing is n four stories stones high hi to anil and cost A L note kw secretary crimson oct S aa A WaiLin gloa special says mya it is ia reported upon what is n considered good authority thit that a now secretary of the ibo interior will bo be ann inno tomorrow to morrow and further farther that bat his bis namo has not yet been mentioned in ia speculation boreto hore faro mido made concerning that appointment atoru NEW yong oct 8 moody and nd sankey begin their revival we work rac october in ia the Brook brooklyn lyd rink bink which lias has a cape oil for or from to persons services will bo be on the famo camo general plan pursued in ia great britain Bri taio tato propeller Propel lT wrecked oct 8 atho abo iron pro merchant which left this port on wea for buffalo board a cargo of bubl icle ol of corn 1200 bair barre chol holl flour floor track struck a sunken rook rock ad 03 chicino reed about 9 that night and nd enk sank in cino locton water tho marchont Mer chont was wag ono one of tho the finest boat sinthe in the anchor lino line and was making her fire t trip of the season which w accounts possibly fox for the luo bad of the vessel as there is ia apparently no excuse but bat that of bad saino ir for 11 the accident tho the dangora a of F i reef have ati pointed out ont ly by abo government authorities and the presa and unless tho the vessel teasel became u u me n ag age cable able which does not appear no other oilier ouse cause can bo asai goed for the dis disaster abter ii ST loris ioris oct 8 atho the following is ia the reply of carl to a letter of lV endell phillips phillipa recently published in the iho now york horald orald II ST BT louis loois october e s tu or ap ai editor of the ae cincinnati cornu corfu azle sui sm lift last night I 1 returned from rom ohio and found your dispa dispatch tob intimating a desire that I 1 should promptly reply to the letter latter of mr phillips published in tho the sen new york ot of october ath I 1 have just read that letter anil and consider it il scarcely necessity that I 1 should an ewer still it you yoa desire it I 1 will devote a fow few hours honra to tho the wa mr phillips is if known as ag iba aa writer anler but bat the lia his Idt lett cria erlis so BO flippantly Offous ve small and pa ea er odious in its personal po attack the abat I 1 I 1 X thon lil havela havo bixen eort ino inclined lined to con nider bider it a bait loa had bad I 1 not fou lonna n d inita fair air collection ot of miss misa ot of principle sea facts fact listin mishiCK all U ot of mr phillips productions ON lax SEC Z or I 1 will uko take tc raim nt tho the four our poi points ats of 0 my iny speech which mr E et 1 tempts to I 1 V fiapoto oto tho the fol lowing passage froid vornor at al ions speech marl mark men bi opponent go an nj d cry there is a too cinch money lo in find some ot of it the they 7 ny bay it is in ia the bo bonta banks Is lail it it might jot as 3 wall be for or tho the purposes par poses of money una anil currency be to in the bottom ortho f diflo ocean for if it is not in ciroula tion lion it is 0 no lie more money moncy than llian to 0 o many oora corn stalks would woold bo be to tobe be money it must circulate ciro ulato as a medium lor for carrying on CD exchanges of the country taca I 1 proceed by quoting the fot fact that au an majority of the business liu anesa transactions of tho the country aro are ed ly ity the traus for of bink back accounts counts ic through checks note sand tail bills of exchange chatin fact the circulation of money tike takes place mostly through the anka to show the brilliant nonsense ot of GOT allens statement mr philips tells vs U 8 that he be and gov lor allen alien aware or of these theao facts if they were could they till still tio be guilty of BO 50 at an absurdity as that mo money may to in bank might just M well wall tor for the pot poses oi of money dud c ur rency bo be in ID ms donon or tan IBB OC EAN I 1 being not at la ia circulation at till til at AI jbf I 1 chave bavo never been an admirer 0 1 mr r philips financial theories yet I 1 always considered him far less tool fool lati fah than ihu gov GOT alien 1 if 11 lie bo insists on stepping down to t gov GOT allaud level be ba it so BO but there is ii some bome thing till moro more curfew ur mr phillips says tb tory hii to BO largo a proportion ol of the ol of the country aro are steel td ed by means of aber checks As note doles noil and bills through the banks is the ibo earner I 1 tono of grave c darood against our present system of ile he argues that go 18 chocks noimi nod bills bill ol of are in performing fuco tiona of 0 currency tho the bicks or an sable abe at will mil to hail contract cantia ol the atil and ho he bad and liis hi mem mean to break this aristocracy ot of money manufacture ly by their system of greenback and which I 1 ho he says will leave this power ol at inflation aal contraction in the be linda hands of 0 the whole mud mina ot of business Loii ocas men eborg is to 10 icca mutation mulat loa ot of absurdities ia thu this apropo that I 1 know kaow where to lokin bokin anil and where to end in dissecting them who alio is it that drand checks ind and makes notes sea bills bilk of e exchange Z who creates that kind ol of which consists consist in chocks currency car roncy i qt 1 rua MW i atai nha chiw that tbt contraction and inflation of which mr phillips speaks it ilia is not done by the abo banks bank but is il dono done by that same whole mass mail of business men to whom mr Phill phillipi ilig apinis of 0 giving that power as if they were deprived of 0 it riot not it the business s meo men did not dot do it under our crogent system it would n not at bo be dono done at all 11 II be does not dot linow know these tho the smallest clerk in a dy dry I 1 roods aoda slop lin glib lid somi u in information subject orrlow can lie he bo be in iest w ell I 1 be gives us ua to undo that ibatao he and big party 1 I to diss dissolve olvo this system doss does he bo really keally mean nn thing when he ha ari m pan to havio hata moro mora green bac batig ayin and d its im units notes it Is he so 0 o utterly ignorant as oot not to know that checks hotca anil bills of exchange is aboy pass p through banks constitute the iho very agency which by ly OW or of green backs or any other part of currency enables I 1 as that hat currency to aati fy tho the of ba baseness siness moo man and that without this agency an aa immense number and variety of our busi business aesa could not bo carried carrica on atoll at all lla lie wants to put in ia the place of tbt th medium of olefie effe ting such luch 8 wis sir stern of greo ribacka end incao miriall 0 o toils to ids theao which aro are the iho erma of modern civilization lini has developed and reduced tho the immeasurable corn passion and coid lote variety of 0 our oar business transactions trana actions to actual head ing over irom from hand to hand of 0 green bicki what is this but a daturo tl tei the clumsy methods of 0 Larb barbarism Lar binem arism or of docs ho to 0 the business anil and with iho 00 cy BY acm of bonds bonda if so eo how As I 1 thesy stene tho the inconvertible bords bards aro ro ll 11 to 0 bo gwen b iho to i ahl h deposit curr in ilia iho treasury anil and ato aro to bo bb exchanged lor for currency at the option or the tha holder now is ij the government to 40 di count bouat notes and sell bills chingo and i bus busi irav ira v with time loani 1 I 1 I Is that possible POPs blo V his system ot and in convertito conver tibo bonds even eren if we ve multiplied our oar greenbacks green backs ever so BO much worm LD PROD so bemous A t CON coi co i as to bring the iho busio ebs 0 of tho the country to almost art aa ibio luto standstill ho says bays suppora we vo double doable the ibo real currency meaning inca aini greenbacks grcen green bicka backs will bill that of cl itself necessarily pricel price and especially tho the price ol of gold fold anil and then len he be proceeds to fuoto mr carlto show that hit t during the war I 1 tho ithe on 00 gold god went vent up or down of the quantity of currency issued during tho war if no 0 eorms to ignore tho firki principles of governing the vilno value of aa paper currency currano coo con of government promises promie ei to pay that value being affected by two things tho the credit ol of the government issuing isacio it and the relation that the tha volume of 0 the C currency U it in CY I 1 beara boara are to the require merita of ili tho buli bainn bu inn of the iho country coon iry whit is ij the credit of tho the government depends on its hoo bon to redeem its ill pledge and its present or prospective pro ability tod to do oso 0 O As to abo latter the lb biats si of war produced from time to timo time serious doubt every battle babila lost feet eaid od overy every 61 dis operatives of raised th tho a premium of ct gold and every battle won lowered it until finally the ur render ol of leo lee and theena oi of the ho war BRO CODr IT TOWN 11 AT trl lou BOUNDS although the quantity of in cic alvion had not been diminished frama had an aa irredeemable money which became bec imo so EO plenty that a bushel of 0 it would not buy a potato and loth had bed cionco altu irredeemable dem on the same bame principles 1 I in tny my speech that the amis filon quantities of I 1 e able paper money will promote ex toa lis or well as my own of ct in ili this country hu has convinced convince J mo me of thi s fact and as ai lur fr as I 1 khow it ia i adai itta by almost dostall mo stall all respectable authorities on this subject i ne lie bavi that money Inglin ingling 4 could not b have con thit piper notes t battla of I 1 and nd oui our lito late war or tells the ibo sim stocy llo lie u ia undoubtedly i a declaimer but bat it dots dota lo bojin aroos I 1 i point the question tion la Is not demable money has bu boon wed to ta advantage aati alige in times or of p on lonergen ergen choi 60 when other resources were ex hanitch ha custea whether it fought the battle ot of waterloo of 00 gettysburg tho the I 1 cation lis its uli eLlier I 1 na an emission emia sion of 0 tuo anal ies of J i M will pron pion Soli loto and cor by mookini I 1 into i the on BO pension period in ia bog and ho be will had flad that irredeemably paper may inny he have ought tho battle of waterloo but t that hat this th n feat did not noi pro mating sid abil tot at lome home toad unless ha be ignores ignored what ever every body boil kum knows he ha will pill arely not deny that this country talla tal the bimo sm estory ila ha might alao study the history of of russia with mith profit still le ibid beveill hilll he be do 60 blo able I 1 to deny that ex ci trava gancO profligacy anil and corruption in IQ sa extraordinary degroo degree will result from a policy such as I 1 described it ii i i the policy of BP money for the ho vory very sake 0 I 1 getting oat cal mr P F bol ono which ws was the iho bawo of the business basine aa collapse io ia germany it was wag not want ol of money for or altor the french waran an abundance ol of it flowed into trading over and add over of credit 1 a system which is lwy to bo be excited by on an over bun sundance dance of money not X r of labor and tod and the busi bati nose noy is ia now cow protracted by tile the sweeping obo goin in the monetary 0 ol 01 f tb ili co ry As ai boon as aj tho the war bills billi were paid france began a sharp contraction oi of her irredeemable curr currency enOY with a set purpose as quickly qT lickl as sible to ro ril turn to the ema system of payments which mr air V 1 wants to run wy away from bom aad sua under that conaro tied lion a effort florl by the people to their and aad well dir dire eol eciel industry finally sir mr phillips attacks my tuu that no ophor system thio than I 1 araxie raya CUD acir a ilcin from rom the ibo arbit NTY power of tho the gov got cro cromedy crom ment eDt no albor ow can give to lo car rent values that stability from elo ielo i cun can bo be mido no other cio can restore that which the of ct a is 1 new period of 0 preap pi i y mr phil lips lipi with an air of I 1 triumph points point to tile panics that from timo time to 10 aioo bm vc occurred io in pecia elecia a in g coun tries to show that co d once doe not and accompany the spedo oy luLl the which wo we need to r tho the to rat big money into tho the heads bod ot of probe will doi cot grow gow up 29 again ain salong oil loag as a tho the tl of the ou the condry ia 3 to have is at abo bo art ithary marcy lunny lunn y of f congress whole resolutions may all the current 6 any time clargo alot in in I 1 demonstrated by tho the history ol of the iho discs crises in this country to la 1637 1687 and 1657 1857 that business did T not revive nd property properly recover until ayt by the ale elimination 1 or tb ot a t ci 3 tion bad and uncertainty uncertainly consi consisting stinK in on an no nn safe currency by tho ilia restoration of a sound money system baand on a specie basis was made to feel firm around ogan tho the panics prod which oco erred in paying times form fr tiie tie favorito favorite argument ol of I 1 know as ai volt noil 01 others that they al at almott intervals anil and that no 2 a monetary system has hal been invented to proven prevent them but when from feora lieal recurrence to ro ference is 13 drawn that tile tho aya tern tem is ia worth not binK it is ia as ai visa to siy that rood good health is worth nothing booi beca Hiat it is by there is one pie piroa age iio ol 01 ia 16 mr phillips rhill ipa letter to which I 1 tub sub horibe till ill my heart instead of this hair splitting of oil all theories be ories practical rac statesmanship use geoa the in of experience learns irona rout nur own war polio profits by tho the glon bus frinco acts lie u and by all modern expedients as bho d d rn ro setting land hand Bpi odle bleam engine and rail all at work ir content and plenty through all 11 our chaon cli it ni as france dil dij to yield to y fear far and aad shriek wolf wolf from rom the iho watch tower but bat with arias ot of victory Tic tory and forward march from the head of tho the ranks canlis pours poura conal benco into every heart I 1 BOI and makes the iho success ana OS wo we kroph 07 the 1 froosh people hostead ot of cry it in g for more money in tho the shapo of die dia honos boneet promises promis oi to pay devote themselves thomi elves to tho iho production of real values by steady work and frugte la in duttry dill try thus thai they hey lavo |