, 1876-08-03
SILVER Is LAWFUL MONEY.

Il AettrI i'""l An"tA"" Noo"uo'u ".s''
tho OBSERVATION-DISCLOSURES Of Congress to
Fay United States Isonds IN Cotn.--Thc
Creditors ncman,l for Nolh Unjust.
NEw YonK, July aJ,-It he Editor of Me
w.. yars rr,,,,c. tovo ,,.,,, n a, .,,n,,,"r.
on - 1or several !honths CURING tne uaac"8eiops
In Congress- md In the presR of the silver qttcs-
tfon. My merely EuuerilclaI knowledge. OF
finance leads to % much dstrust thut approach
strong arc my intuftons that leading journalists
arc misleading their readers t!lat I lIave de-
tcr1nlncd to break sileaec. The persistent
effort to reject silver as IN clement III rcsumle
desire to call attention To facts which most Of
tlose who speak Or write upon thu question
have forguttctl, or choose tn ignore.
Tho Constitution Of the United States confcrs
md In Subsequent section prohibits the States
from coinng money, or from making "aiy-
thing but gold mil silver coln tender In pay
i1lcnt Of debts. Gold a1,l silver co'n, therefore,
der In the payment Of debts, mud hence gold and
silver hccatnc the spccic-currency Of onr c0un-
try. Every Inv Of Congress authorizing tho ls-
sue OF bonds aud notes, the proceeds from tho
sr men. Il and Uac, proyded r ID tt bot II the inter-
est and prlncTpnl OF tilnse obligations (nnount-
inc In tic aggregate to nearly three thousand
mllons) should bo patl :. in .co1N;" and final1y
On tic 18Th VI March, lStG}, WHICH IL SGS uEEUFN
Important to aolcmnly nssi,re tho public credit
ors OF the good faith Of the Goycrnnltnt, Con-
ercss passed deelarotorY Law saying that:
The faith Of sl,s United su.tes is solcmuty
pledged to ihe payuient In coin or s equivalent Of
all ts obl!euton@ of the United States not bearing
intorcss known sa United Satcs notcs, and OF all
the hearing o9itgationa, except IN casss
Whfra % fao eaw natnarissny ns aasao 9 o. ahS sne
~ ,a IT, ~ gu IN ar aHs tv
thnn huy d gd R asi " Tt slIstr :'0"',' na ie UaIe
States tso soiepn,iv tislres IL faHh 10 naks pro.
psioa al he fariiest nraetieable ntrioI fo, d re.
denption offhs United statts notes ~ colH.
Tho Court OF Appeals Of tho Etate OF New
Yerk hnylnr dccidcd that a routract nude be-
fors the % assase % of tl,e T Lsga Tender act, a nays
hir exnrasslv In roll All, stivnr rain. Inwi,Il
money Of thv UuItcii States, might he paid and
satisfied by u tender of United Stutcs mites, tic
case VIVA ialscn to tic Supreme Court o} the
rIsio,, waa rsvrrsrl. fhir}- }-II,siire rfasc. II,
an1,ounclnr thu optuiou Of Tie Court, in Fei;r,.
arv. isi,9 snl HfTho roincii t,oliar wns n nfrt,,
OF poll Or silver Of Il certain Icrrce Of u,1rty
nav A cn}ucd iollar.n By tia Constellation os
th9 tjnite.i staies by tho lnwa al Con.
rr.ess authori1inr tha Secretary of the
frrasn,v % to 6 horrow wv ss lin iat' ma ond ni
i,y ~ ,on"oocr 70 post ~ TN s,npcn o,r a
n the unitSd Htutcs. n silycr md woii1 u hnve
been solomnly dcclured and affirmed 10 be lcpnl-
tcnder IN Tic payment IT. Of dcIts The .lIsttnctfon III
tIa...f. - ~ 49,, ~, o1no ~ tt,,nn ".,I uoi3
there.qne, neLween u!e Values o. sll'nr anu goLn
ncn nas reeentf Goaase sstva Is IL @ @ .,
ad " ~ t i,ct u ta r,nh
.i ~ ax,h @3,Uor has hae ~
~. ..m Il WYNN ,ni,ro nr,v @ .,a t.
o1nsutes, ,, A.u IN ngM, 1no.e !a'sely usc.a Laa.l
%uIat Ia ,' o" ,s ass.s 49,, npu i
aIeia,, 1I.1 a,a aroltraly .ucas IN. m:t t
sbop ~ g. he harsas .ns
elyer as u meyer i,l nn ternatonal elrelis
tion. Evei III England and France, divided only
byn M narrow ehalnca, tl'c English sovereign,
wth ts nsaa on n and arnn. the Sos
cIpally !n' their own 1omil,ions, while the
spa9!s, u mtilsd dollar The Aiexlsan ;1 dollar
y worldwide circulation. MIR has silver becn
the currc:1ry Of nta9r', eiviil5atlnn ,'aly' IL
.ssrubics,n' WIS only "prcctous" for ornament.
,rhe Juwtsh Hlskel was Of silver. losopa was
sold to the Ishmaclltcs by his brethren fur
"twcnty pieces OF silver" and Judas, for tho
betrayal ot our sayior, received thirty pieces
Of currency silver WIS It's basis, anl was the l!ic-
diqm Of c1change for all commodities.
MY Of silver from the American uft,cs III nETert-