Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-11-05

this repeal there is no exception of any |
gold and silver coin clauses, but the whole |
statute is repealed, gold and silver com |
clauses witt the rest;--afier the writer
found himself betrayed into the error OF
asserting that the above clause of the acI
of 1890 had never been repealed, he
seeks to get himself out of the difficulty |
nv saving that the net Of 1899 contains (
the same clause. Here he falls into an |
other error. The clause of 1890 alluded |
Lilo. and that of 1899 are not the same, but |
i differ materially. The writer IN his post
i scriDt confesses that sthe clause Of 1799 is |
not IN the enact words of that in the statue |
i of 1902 and betrays great irepidation
lest some sitter of words should SO handle |
the difference as to entrap him. Let Us
|. examine The difference. The clause Of
J 1890 declares that the duties and fees to
; be collected by virtue of this act, shall be
t pavable ia gold or silver coin, at the fol.
r lowing rates; that is to say the gold coins
E Of France, England, Spain and Portugal,
4 and all other gold coins of equal fneness
: at eighty nine cents for every penny
:. weigbtn and the clause Of 1899, declares,
d "that all duties and fees to be collected,
c shall be payable in money Of The United
e States. or in foreign gold and silver coins,
TT at the following rates that is to say: the
ID cold coins of Great Britain and Portugal
d of the standard prior TO the year 1892 at
Of the rate of one hundred cents for every
re 81 grains of the actual weight thereof, &c.
h Now for sitting of the words of these
as clauses, which the writer so much abhors.
al We will in the first place enquire why
60 the. writer is so concerne1 lest the
10 words; money Of the United STATES" used
n in the act of 1899 should be construed
$. to extend TO another kind of money a.
nj well asfto gold and silver coin. By refer
in ing to the 1st volume of the laws of th'
United States, page 294 Section 10, w
ur find a clause in the Bank charter estab
no lshed in 1871 expressly making the pape
ne money issued by that Bank receivable il
m all payments TO the United States. Ii
pie that Bank, the United States were a stock
lg- holder 10 the amount of two millions tn
'eh money of that Bank was issued by an
ice under their authority all Of which gave /
the bills of that Bank strong claim I
lth the denomination of "money ofthe Unite
INK States" From the force and effect {
IKE these words and of the clause ofthe Ban
'ss' charter making its bills receivable in a
ca payments 10 Government, the writer cal
ors not escape. If the bills of the Bank wei
the receivable by law after the passage of II
ing act of 1909, away goes the writer's motto
OF that, the goll and silver clause which /
set has migrated into the act of 1899, e
ent cludes every thing ia payment of publ
= dues except gold and silver coin. III
oSt- writer cannot escape from the force
slVe this argument, by saying that the Bar
our charter has expired, since the act Of Z
- was passed, whilst it was in full operatio
saio The fact, that the bills of that Bank we
ana receivable in all payments under the a
me of 80, negatives the writer's assertion tn
ne every thing but gold and silver was excl
ny. ded by that act.
~, If The writer's construction Of the a
- of 80 be correct that it excluded eve
80, thing but gold and silver coin, it is all
:. =. geiker different from the &C; of "99 und
: ~ which the bills OF the Bank were receive
.:a He has therefore no ground but his ba
80 assertion that the clause of 80 has n
-. been repealed. His assertion is contr
: 80 =. dicted by The acts themselves. If /
m writer discovered that his precious &c
and silver coin clause had been made
- 80 member of the living act of 90, it
III strange that he should have adopted t
~. dead act Of 80 as his authority. In co
-; clusion, we will add that the act of %
.vnr and all other acts upon the same subie
,ba harmonic in their meaning, they esta
- lish gold and silver as the standard pa
] Ne ment of dues TO the government & have
viz all times recognized payments in the bill
We of specie paying banks as payments
,b,, specie itself. AS authority for this ope
~ alton we refer to the whole history of OF
tar,, government from the commencement
TIC the present time, excepting the partial o
,,lJ GRAFTON of the specie circular, of the la
~. administration. Tire writer in his pampl
81 let bears testimony to this fact by decla
ing that Hamilton, Crawford and Tame
h;e as Secretaries of the. Treasury directe
-; payments TO be received in the bills
~ Stale Banks. The writer might ha,
-. added every Secretary of the Treasul
9e". from the first down to the present incun
~" bent.