, 1869-02-02
TINE ACKNOWLEDGEMENTS.
;sp,esh Of .s.lutss Ih.tmau IN Tho oil!
: : ; ei ths;Nlansa Committee
Delivered In tho Senate Wednesday, jan
n.ry e., 1899.

l
plaee; u hut tight to recall The eoarra,sments
al:aeais: Il iss sas,eet y. rlsd 70 as bns ison
be sdopted Lapptai 10 no patty q sustain this
=: dssss. opasss
III III ss1ssHse5 me S3 q ~ saa'9sda opaa I'd
T t. Px ssxs.ass e i.sea n.ssa:s ssaa
%s ,cass ~ 1s m esss sss e. e
In senrs 70 ise a1apssa II god Is fsod1 =, taa
esi 81 "saful % morey; s consists of notss of ia
pa,ment ot ii deots. Bssed u?os them, sud d
notes Of National Banks. and these ara ssdeeu-
an1e IN United states notes and ste re:eivaote n
mana notes, convertible It the win of The holder
Gates. We hare also national paper c1.reneY,
mand. Tht se four species OF notes cam pose thc
par e. cuucncy Of the country, and the amolnt of
each Il stated ss follows:
United States notes. Oct OH
Nat1onal ba-k notes.: ...... 299 So6, Ns
Three per cent certificates. t3,9i5.0oo
Fractional currency. 3lal5,sl5
In nl........... <745, ,qos,3sa
all this currency Is By law At par. HJ lAr it Ia
either made The standard Of yafue, Of m,7 at
value. 1t Il the itgtl measure OF Ill cummodt
ties and Il al och's. except for duties on In sort
ca goods and tut* FEST Of The public debt. BIT in
truth AZ in fltt It ia not At par IN the standard
mcney Of the world. One dollas Of Il has onl1 lhe
! same purchasing power ~ u cents In gold. Gold
es hs e
Fixed as euca By every mau In ait civilized emu
tsiee and 10 a1l sgcs Of The wo'ld--Rod Il De.
courts and, like cotton or wheat, Is 1estei a.
commodity whose wins y measured BY wh4tw We
.s.sss &C. e. N e :sss: Z
standaia W must, to eeein With, reeoantsn
the immanne ~! ~ nn n, o. currency: ana tnst
slnse e eirss, rseGus 2. npsnyt RG.a nd I'd
S
same4aoa hare beca asds 70 u"i sa5,ti IT,
GOA 81 s!lsss hs,s nsi{ {tsinsd Il the,5 e1ciaslys
ths sb,sa d athiile*, H. saeosels !s, 5 ,usht
ny hettl q hashPelh6, tae pieces q til'er ths
t!.lhg into Efcathess vi be fcIded avn. amone
thy recoras of tmb 70 nation can etmauehtlJ
IL led I'D regulated b The standard Il Reia. \.
eeptee bf ltolAtion. ~ espeietis ue ieglsisltpt
tai toat.s Ss w,h fo,.itn hstisss rons ii.
g, ethtpue u thIa aeano AZ. Liks ti's tides
hs ~ q ~ ~. q t6s s'ise M
~. laftl VI th'ta vii a"nipt nt !Aef ahtsfh ~,
feta'atp ~ taess' e*rh NJ ft''lhbaltlsa WAY q
!. itta Iut 4 ri,nttnpttia bs,,uIn Itke ihs iutsi
Hfsie,s viii, i kUt1pn tJashstee ii r,u,,i ibt
ftrt Nliillis Rflfis1f, WIN t}lfyp,ia tiAdtDe Il
:. sI,ss s;n,sIast., Ia sts.t,a finn ,hp pnsss.,
i pt thts psllssty Nv nf Hide !ltftataha lss'th
,,t "s':s ~: ,ts. e ss st.s md ss
Il qo,us we el'FpaA and .toym, tut /. mil tot.
mo's q than! % my os,tA,n snnnmrSs!!y
sm,.titnInM ri nonrs. ~ "''J As in,,u .'f = =
" smoun, o "'Ss' " ,esI mon"1 IN tn n" coun'i
;. nn"sss,ed wer' It "ton1t.a s,shauues s" an Il
p.,s Qiest scu1!ty tu rnierl,ritss and il noH,
~ snrn XIX tsc s,u munsy va ine,oas,,, nf tno ao
tsnurtaS. thp nan"r 1nom dupteclstti It II
ls,S rHft ha,a]is rowtr. n,lsts fo.e. sta slth
AWE sd1seea ID Wis G ill., ~ soia stsa af4
n., of moa;s a'p T. n Ees @ FL
+; ss {; t$;: ss:: !: =; 4 ssS;$ s
they wcrc in ciftei n,ads i ,cs,i ten,lgr. DV ii
tnu smontt nf thtm was R1ainnfy lntrcnt
~ Ho,d " 'i Set ,c,,.c smI ' Il. cxpart rs ''p pr
hibitcd. 3ss IL n,a.kvt .Alur had flson he
txssiY W s,1t 4 'tsm E!e r.: q: g Iss g
tecno,1s cn1irt, n.tchtpn 10 this tsti al concl
u riyr tttdrncc Of ,hn DUR e,attou or Ihu unt
nr. Z " m',cS ~ ,sS.. q q III ,r u,e n, VI n
!" ,ia,u.meu Ind Il, auettrs Of En4lau.i. Rsvs
X: .aH! ci tsr ID! "asmi c.ttnn, aha il" .s.at i
I" sor,,sr s Y" Thu al mso ~, M :"
l,sr,.Et gold "a. all, ,ho .t,o .fant,ari Ut VI,
and nsr AanfrA by th.A ntsnnArd The currency v
tlp | dei fcciatrh By m fscc's az bAnk o! En9la
I'm pss;. rhny taY "tha; n" ea!o: o,Euth 40 =
ii ttah b 5rerMnao r'ss.',un ~ snnast ~ sasSss
u rsn In 10 med excrpt In tbn conyt,t}hiu,y OF
~, sueh apr ,n;o .pscsh." still erwin ~
o. M nnR Aasa n9 ao1o ppte
ur n ina u wsr thn hanT .ioWiy ontrfed nnou
e, hard tssS OF App'ecsating III notss 10 tho s.
Id. HSi oeIo'
;. seScral s,intts tu extsoi,sh uspcr MONEY ior r
u money, on.incttsi mopos waa d ,ey6sns.onl
>h- effott 10 rpnytr; paper I1tp money 4tae
in. sanc R,n Van ~ W,ns,e. Wno wt,ned Con Ine:
money r deemed u !ssfa money ;has yso,Is ii
~, aoIla, IN coil f.r ono hundrca uolar. Cont,ne,
M na NJ ncy, but even this poor privilege expired
I'll. I1ys.
rIy teItnot ,ir,s, stan nanr nils A. svfni NOR
eH They soon bsesme deptecisted. ssd when d,
The Ts o'f5 I'd I'd nGses 70 hsR
the ana denfo1, %ete sTant III" aensrai bsnksun
ro- ma tho neopis cnmmtuced ass.p anon tse Il
our c,q,l u Wsl botn o se sas united state. aud
1sbes s. %sss p,pe mot me-
ND ~ u, IT, nis ,fnuea IN
the Gnn;,reutsi moreT M aEi FraIeS sss,epsts. O.
Id1 eaEstu1. limited IL .goans eu2po,1s1 -, i ~ 20
ted tul uotcy, but, af,ar alt Its value Ia esat!y nj
mp ured By the Vold ftatdard. Is only the sut
tte. tnte o. mt ney 10 e ps'a ~ tntase ua1. "a
lcal . ~. Ill ns ~ tst ,rs4,a. ~ rnW
rus snorrt1,e In eomo nt fnrra nom Ire ifnpss :,
the iiy Of Insinss.ns 3dubio sfsndarf ftra- 10
Tue BY e1rs t!eLcE tbat t6t market value Of these
ton precious metals Varied ~ the psoancttoa Of
len- or The oehct ineftasea ~ atnonus, loas cte!
eonlufron sho SoneesnER nte.ato1s - ~. ~ '1e III
.ES. ~ ~, H1,,sa st,,..t. ,.o.I ~ ,ssanr fnr
led sno sne una.eo SesiEs hss -, ~. 49, ~ 4,