The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-07-14

under ground and endeayor 10 Illustrate the
by proposing all manner of fractions between 10 and
10 TO one; but let the goid Jhdianr stand firm, and
the paper legion will be defeated
Yes, sir l6 10 one was the word, and we saw
l6 dollars in sound paper and even IN gold then
10 one now,
From he Globe Of June 10, 1884
The whole great West requires circulation Of
donoloons l. will be their principal gold coin and
VIII be got in immense quantities from New Orleans
The eagles Of which the Globe talked on the
2lst MAY, Were now turned into doubloons for US
al The West and great stream of Them was TO
now up The Mississippi and It's tributaries. Now,
SIR, some oil my constituents live at the sources
OF streams that finally wend their way into the
"iather OF waters" and are entitled, upon geo
graphical considerations, 10 a portion Of this
gold, but they have not yet seen the first premo-
ntory symptom of lis approach.
The same number OF the Globe, says:
"The subject has been before Congress all the win
ter and every member knows how he is gong 10
There is no preext for delay but delay rs the first
trick Of the bank to defeat the bill. Congress has
but one question TO decide and that Is the relative
Naueihe question Of 10 to i-al the res, Is matter
of detail The time is now shon-ony two weeks
but still the coin bills expected to pass ne de-
sign Of the bank party TO defeat the bills by delay or
TO Illustrate their operation by inadequate and vicious
details, is perfectly understood and being understood
ought 10 be counieracted- Let the gold bill pass
II is computed the Southern mines Will yield
THREE MILLIONS of dollars worth of gold tins
year rise in the ratio Of gold from 10 10 l. 10 IL to
I, will be an advance Of six and two-thirds per cent
that amount, which will be 800 900 on the whole
The bill passed the House,-the authoritative
style Of the Globe was not without effect: Let
the gold bin pass spake the Globe, and II
was done.
AT the risk Of being tedious, lei me point you
TO the shouts Of triumph that rung from one
end of the land To the other
From he Globe Of lime %, 1884
GOLD CuRRENCY-lt will be seen by Congress
sonal report that the gold bill has passed the House
Of Representatives and goes TO the Senate to-day for
their concurrence The bank forces opposed fun
opposition, and fought like the ancient riAeins.
till the stars appeared in the evening The great bat
tie was fought on Saturday and occupied the whole
day. Be il remembered that this Saturday was the
2lst day Of June, Just al the solstice, when
days longest and hottest IL evidently the
tactics OF the bank leaders men be called leaders
who are themselves both led and driven by the man
mon whom they scrye-It was evidently their tactics,
first 10 of the bill till the session; next, 10
beog II IN wilderness OF mysticaton and, finally,
TO sink the relative value Of gold and silver TO ratio
below III to which would have defeated the great
end of getting gold into circulation national cur
rency. Upon these three tacks, the ultra-bankites
made fight and developed in such force about midday
TO show that time their great resource, and that
their plan protract the struggle into the ensuing
week The friends of gold then determined upon
permanent sitting till the bill was passed They re
nounced all idea OF ad ournng the end of the day and
evinced invincble determination sit out the ques
ton This brought things to an issue, and towards sun
the triumphant vote taken and resulted in an
overwh emng majority for the just and truly American
ratio of II TO L. We say inst because it is the ratio
which will bring gold into common use common
currency, and call il truly American because all
America from Canada to Cape Horn, will now have
that uniform ratio, and thus bring their whole gold
coinage into concord and harmony, and just con-
fare fall he
The bill goes to the Senate to-day. The strength
of the bank in that body excites some little apprehen
sion, but it impossible 10 believe in formidable oppo-
son there after the victorious vote in the House OF
Representatives and feel ready to congratulate the
friends of the country upon The actual establishment OF
gotd NATIONAL currency.
The apprehensions of the Globe as TO the action
of the Senate were ill-founded, The bill became
a law; and to complete the golden picture as
drawn by its friends, must be permitted 10 read
one item more
+, From The Globe Of July l6, 1884
TnE GoLp CuRREscy.-Wh every part of Anne
RIGA rejoiceswhile every heart not ensaved to the
scrub arsocracy of the paper system-whie every in
dependent and patriotic citizen exuts in the recovery
and restoration of the long lost gold currency-the
WEST and all Western citizens have the deepest and
greatest cause for proud exultaon and manly rejolc-
ing at this proptious event For Of all America the
West is the part which needed most and will profit
mos, from the circulation of gold Happily, they have
but few banks in the West and therefore need gold 10
carry about and travel upon. Happily again, the
greatest supply of gold will 90 to the West The emi-
grants removing to that great region will all carry gold
in preference to either silver paper for is lighter
than silver and safer than paper The land offices
will become receptaces and reservoirs of gold whence
il will be distributed TO the country through the Go
rcrnmcnt disbursements, through the military, the
surveying, and the Indian departments; and wo to
the officer who, having received gold from the Go
vcrnment, shah presume dare to offer paper to the
ore a
fotc mp the Mississippi from Nem Orleans, and dC
fuse itself all orer the great Hest Nearly all tho gold
coinage of the New World will come TO the United
States for all the coinage of the Governments of
Mexico and South America being the coinage of re-
bel Provinces go to old Spain to any of her
dependencies, and therefore will come TO the United
States as its natural and best market This will fill
the West with doubloons and half oes and in eight
months from this time every substantial citi-
zen will have long skon purse, of fine open net
work. through the intcrstices Of which the yellow gold
will shine and glitter. Then travellers will be free
from the pestlencc Of ragged filthy and counterfeit
notes, Every substantial man and every substantial
man wife and daughter will travel upon gold. The
satellites of the bank alone 10 show their serye sub
lection their lcgc monarch will repine at the loss of
paper.
Notwithstanding all these promises, sir, the
people see so little gold aud are likely to see SO
little for long time 10 come, that it may be well
to let them know what excellent qualities il has
as detailed by Col. Benton:
QuhtiTIEs or THE GoLD CrRRENcY.-l. II had an
intrinsic value. 2 II had uniformity Of value
1t was a portable currency 4 II was indesrruchle
8 Ii possesses inherent purity u ], Is superior to all
other currency 7. 1t is the true regulator and equal
ger of exchanges, s. II was the master Of paper
ney. o 1t is the true regulator of bank issues. 10
II is constitutional currcncy and, therefore, the PEG
pic have right to have it, while the Constitution
mains whether they give good reasons for II not
To all which we add it is the most beautiful cur
roney in the world and therefore, the agreeable