Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1876-07-23
JONES SPEECH.

On the 10Th inst, Senator Jones made
one last plea fer q silver dollar and for q
need OF justice to the State be has
labored so earnestly for. In his speech,
which Was impromptu, be said the issue
Of debased subsidiary coin. for which
alone the emasculsted bill provided,
would not relieve the wants OF the coun-
try. Fractional paper currency would
do as well or better, because cheaper.
Referring to the arguments that no dol.
lar should be made an unlimited legal
tender that was not in reality a dollar,
he said be had proposed silver dollar
worth as much as any dollar that any
debtor in this country owes. Gentle.
men were asking for an ideal unit that
had not existed here since S1S62. No
body has been doing business on gold
dollar. He continues
bold it to bs sound in political econ
omy and PHILOSOPHY, that II 10 against
our interest that any gold should be
used as q circulating medium in this
country until We have paid our debts.
What an unheard-of proposition, that
u country burdened with two billion
dollars OF public debt should attempt TO
introduce . machine for effscting its
internal exchange chat would raise the
burden Of such debt at lsast twenty per
cent, and not only this, but increase
ho - ha &c
corporate, Municipal. State, county and
city debts. want TO know why the
seven or eight hundred millions Of pri-
vate debts which exist, in addition to
those OF the nation. States aud Munich
palities. and which we're engendered in
greeubacks. shall be increased in the In.
terest Of creditors and to the ruin OF the
debtor. tell You /. is not the money
lender that gives prosperity to the coun-
try; 1t is the active business man; II
10 the borrower. the hopeful, the
industrious, the enteprising man, who is
always in debt. That is the man who
lends Aeetness 10 the wings Of com.
merce; that IL the man who gives elias
ITCHY to the tagging footsteps OF indus
try. 1t IL not the man who, instead Of
inaugurating enterprises, sits back and
loans money. Aud II any legislation is
to be had, il should be in favor OF the
masses OF the people OF the country.
Let few honest words be said for Lag.
arus, let us not always be nodding TO
Dives. We hear wall throughout this
country from certain classes whenever
you propose to make money plenty, 40 as
to keep up prices at the range in which
they were when the debts were contracted
"A hear a wall Leaf somebody with a
fixed income IL going to be hurt, OF
somebody with q fixed salary 10 going to
be hurt. We have heard no word OF
encouragement, OF defence for that much
larger class who have neither fixed OF
unhxed, but who have very fixed obi.
Ratlons'to meet.
He warned the Senate Of the serious
condition OF business affairs throughout
the country. and claimed that the onl,
means for an equitable liquidation is
found in the silver dollar; that. as pre-
viously shown, we now have an oppor
tunity to purchase silver with greenbacks
owing to the temporary rise in gold and
fall In silver. caused by Germany's de-
monetixation OF silver. Now Was thu
propitious moment, which might never
return. We needed aud could Absorb
just the amount Of silver which Ger
many has to sell. We must soon eithel
extend our paper currency or repuda.e.
He said that if we failed to restore tn,
dollar to the full legal tender, and ST
neglected the mining interests Of thu
country. the mines OF the Sierra Nevada
would be closed. aud IL once abandoned
would never be reopened. We woult
lower labor by assisting to lower tn
purchasing power OF silver. We wout
deny ourselves profit 10 the great Asiati,
commerce. We would render valusss,
vast portion Of our possessions. stretch
ing from Alaska to Mexico, and added t
this one-sided taxes on iron and steel
tools, ohsmioles aud the numerous othel
commodities employed 10 the productio
Of silver. Congress would cause grea
discomfort among the people Of the PA
cite Coast. and induce them to believ
they are denied that equal protection
and encouragement which they are on
titled to under the terms Of the Const
tuition. Said he:
I'VE have perfected everything in on
laws, except the precious metals. Cod
fish. bodkins, shoestrings and tombstone
are protected, but not gold and silver
These great metals. which differ from a
other substances in the most importan
respects that there is a vast stock of ther
on hand In the world. stored up from
ages; there bases of contracts, these COZ
SENATORS Of prices. of the relations b.
tween capital and labor, Of property, o
civilizalion-thsss we do not protect a
all. More than this. We propose TO des
troy that one OF them which We produc
in the greatest abundance. and adopt th
one which Great Britain almost monopC
li2es."