The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1844-01-18
Increase of Hard Money.

We will endeavor to state this cause, or, rather, these
causes encouragement to those who believe there
is gold and silver enough in the world to enable to
dispense with the OF small notes and depreciaedpa
per. The causes, then, are; ct
l. The gold bill of 1884, which corrected the eTo
neous standard Of that coin and restored it to crcula
ton, and under the operation of which about forty
millions OF gold coin had been imported into the United
States.
The silver bill of 1884, which repealed tie act of
1919 against the circulation Of all silver except Spanish
mied dollars and their parts of which none had been
coined since the Spanish dominion ceased in Mexico
and South America. Under the operation Of this act
more than one hundred millions of silver have been i'm
ported into the United States.
g. The death ofthe Bank of the United States, which
had collected and exported from the different States for
y-two millions Of dollars and which spent its last
ments in drawing ficous bills of exchange Europe,
to be SOLD in New York for specie to be shipped to Eu
rope. 1
A. The rotting down Of about one half the Banks
in the United States ndthe disappearance oheirnotes
the places of which was Immediately filled by supplies
of gold and silver @ a.
| S. The Specie Circular of 1885, which required
hard money for the government lands, and which
gain paid out to the people by the Treasury.
6. The Independent Treasury Act, which required
hard money in all payments TO and from the federal
Governments and which caused gold and silver 10 be
brought into the United States from custom house
payments, and there to be circulated among the peo
lple.
Z Branching the mint of the United States, which
has caused bullion and plate to be converted into con
and by whichthe coinage has been dfused through the
South and West, instead of being centered at a
single mint at Philadelphia, and thence exported to Eu
rope. .
8. The democratic opposition to small notes, where
by the amount of these notes in circulation has been
greatly diminished and therpace filled by hard money
M B. One half of the small notes now in circulation
are computed becounterlei and must eventually sink
on the hands Of the aboring part Of the community
, unless they refuse to touch the trash. 49,.
g. The diminution of the quantity of gold and sill.
yer melted up for plate and jewery since paper money
has lost credit, and gold and silver has deem demanded
7 Tor currency
TO-. The quantity of plate sent to the mnts to be
coined into money since the cession Of the luxury ant
extravaganza which grew ou! of the folly and crimes
a the paper system. .s.:
t II. The habits of economy and frugality which
have followed collapse Of the banks, and which have
stopped the melting up of tons weight of silver for Mir
Nicholas Biddle, and his Attorneys and other bank off
t GERS
S l2 The increased product of the gold and silve
: mines throughout the world which are now worke
If more extensively than for many year
r before.
o 13 The restoration of commerce TO Its natura
basis that of exchange of commodities by whic
the imports are paid for in exports and balance il
IS specie brought home.
r IA. The Chinese ransom and indemnities of fift
millions of dollars in silver, which have been brougf
to London and thence distributed through the channel
of commerce to different countries
: I5 The conquest of Algers by the French, b
- which one hundred millions of dollars in gold whc
" were boarded in the vaults of the Dey, have bee
transported to France, coined into French gold an
I dused among nations through the channels OF con
y merce. "
III 16. European emigration to the United States, an
especially Of Germans, by which great importation
III gold is constantly occurring "'
BY these means the vast increase of gold and sive
has taken place which is now visible to every eye
which will 60 on increasing if the democracy shah
successful in the State and federal elections for the in
crease dates from the accession of democracy to powe
and will cease with the cessationo of their power. Th
:. whole increase dates from the first administration
General Jackson and measures adopted during his an
4 Mr. Van Buren's administrations and has been mad
in defiance Of the opposition of the federal party, an
the soft money part of the democracy, which have CT
operated with them. The eye sees the increase, tf
money statistics prove it for the importation and coil
age are known, and show that there are one hundre
and twenty millions of gold and silver in the Unite
States while, in the year 1882 at the veto of The Uni
States Bank charter there were but twenty millions
us the whole Union, and none of that gold greatde
al has been done by the Jackson and Van Buren admin
nd tratons but the continued Of the democracy
to wanted to continue the increase, or even to save VIII
lis we have The Tyler administration is now at work
lie; drive away our specie by fraudulent III and u
constitutional issue of five millions of paper money
i'll government currency; the soft money part of the
he mocracy are at work in all the Staes and especially
tic Missouri to multiply every species of paper and
to small notes. above all, which drive away specie-M
ice SoArian,
:" A QUICK TRICK.
tI.~1.C Ero