Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-05-02
THE pREsIDENT.s coNsIsrENcY.

Some Of the inflationists, headed by
Butler, declare that President Grant
has gene back upon his record, In vc-
tolng the finance bill. This is unfound-
ed in truth and Is abundantly dis
proved BY the following extracts from
his inaugural addresses and various
messages to Congress. Our readers
can judge for themselves Of his csnsls-
tency:
From Inaugural Address March 4th, 1851
On all leading questions agitatlng
the public mind l will always express
my Views to Congress and urge them
according to my judgment, aud when
think it Advisable will exercise the
Constitutional privilege Of lntsrposlng
q veto to defeat measures which l OPP
pose. A great debt
has been contracted In securing to US
and u postsrity the Union. The pay
ment OF this, priRclpal and Interest, a.
we'll as the return to a specie basis as
soon rs IL can be accomplished without
material detriment to tile debtor class
or the country at large, must BE- pro-
yided for. 10 protect the national
honor, every dollar Of the Government
indebtedness should be paid In gold,
unless otherwise expressly stipulated
In tho contract.
From Message to Congress. Dec. Z. 1891
Among the evils growing out Of the
rebellion, aud not yet referred to, 10
that Of an lrredeemsble currency. IL
Ia an evil which | hope will receive
your earnest attention, IL lsa duty,
aud one Of the highest duties, Of Gov
sInmsnt to secure to the citizens q
medium Of exchange Of fixed, un-
varying value. This implies a return
to q specie basis, aud no substitute for
1t can DO devised. 1t should be com.
menced now, and reached at tho ear
lest practicable moment consistent
with a fair regard to the interests Of
the debtor class. I~earnestly
recommend to yen, then, such legis.
lation as will Insure a gradual return
to specie payments, aud put an i'm
mediate stop to f1uc,uation In the value
Of currency.
From Message to Congress, Dec q, lSIo.l
The evils Of q depressed and fluc-
tuating currency are so great that now,
when the premium OH gold has fallen
90 much, Il would seem that the time
has arrived when, by wise and prudent
legislation. Congress should look to n
policy which would place our cur
rency at par with gold at no distant
day.
From Message to Congress Dec. 4, is7i.l
Continued fluctuatlon In the value
OF gold rs compared with the national
currency, has had a most damaging ef-
feet upon the increase and develop
ment OF the country, In keeping up
prices OF all articles necessary In every
day lilo. IL fosters spirit OF gambling
prejudiclal alike to national morals
aud national finances. IL the question
can DO met ~ to how to get a fixed
value to our currency, that value con-
stantly and uniformly approaching
par with specie, q very desirable oh.
ject will DO gained.
From Message to Congress, Dec. ., 1s7a.l
The preservation OF our national
credit Is Of the highest Importance.
Next In Importance TO this comes n
solemn duty to provide q national cur
rency OF 4 fixed, unvarylng value as
compared with gold, and us soon rs
practicable, having due regard for the
interests OF the debtor class, aud tho
ylclssltudes OF trade aud commerce,
convertible into gold at par.
From Inaugural Address, March 9TH. is73,l
Ny efforts In tho future will BE- d.
rectsd to the restoration OF good feel
Ing between the different sections Of
u common country ; to the restora-
ton Of u currency to n fixed value
rs compared with the worlds stand
ard Of value tgoldh aud, II possible, to
q par with It, etc.
From Message to Congress, Dec. ID, 1873.
We can never have permanent pros
psrity until q specie basis 10 reached.
The exact medium Ia
specie. tho recognized medium OF ex-
| change the world over. That obtained,
we shall have q currency OF Ri exact
degree OF elasticity. IL there be too
much Of It for tho legitimate purposes
Of trade aud commerce., 1t will flow
out OF the country ; II toe little, the
reverse will result. 10 hold what we
have, and to appreciate sur currency
to that standard, Ia q problem deserv-
Ing Of the most serious consideration
OF Congress.