Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-08-02
THAT nE,rMl.rIoN MAJ.

The Eureka Sentinel Of Thursday last
takes the Nkws and EhierT~iss to task
for announcing the fact that under the
"Resumption Act" which the Rspub-
lican party has pledged itself not to re-
peal. the gold and silver OF Nsvada is
provided with a ready market. The
Seni;ssl quotes. or thinks it quotes. the
third section Of this act. As 1t leaves
the mos, important part OF the section
out in its quotation. we are charitable
enough to suppose that the SeriiHd has
copied from some Democratic paper.
less crupulous than itsslf. which has de-
liberaiely suppressed. for party eject.
the real gist OF the bill. The Sentinel
says:
LET Us wade through that boosted lie.
sumption bill \ little and see just what
manner ~ . measure u IL and that II
amounts 10. sections one and two are un-
important. but section three has nutri-
ment in IL. II il as follows"
SIC. .. That section 5,1.I OF the re-
vised statues Of the United States, limit
ing the aggregate amour OF the circula-
ting notes Of the national banking associa-
tons. be and Is hereby repealed. and each
existing banking association may increase
its circulating notes In accordance with
the existing law. without respect 10 said
aggregate limit. and the provisions of the
Law for the withdrawal and redistribution
Of national currency among the several
staieA and TERRITORIES are hereby repealed.
and whenever and NJ often as circulating
notes shall be issued 10 any such hank
association. 80 Increasing its capital or
circulating notes. or newly organized
banks a. Aforesaid. IL shall be the duty Of
the Secretary % the Treasury to redeem
the legal tender United States notes in ex-
cess only 81 $50. O0S0. 900 to the amount
Of 10 per c-ntum of the sum Of the ns-
tionai hank notes so issued 10 any such
banking association aforesaid. and To o n
tiuue sueh redemption a. such circulating
notes are issued until there shall bc out
standing Oh. sum 10 ShO. OOO. 900 III such
legal tender United States notes and no
more.
This quotation would he all very we'll
10 il told the whole story: hut. unfortun-
ately for the S~sni;nei. which. we believe.
has honestly copied the section from
some other paper. the quotation leaves
of Just where the interest begins. The
section quoted is just about half OF the
clause in the bill. For the information
Of the SsnL;asi. and other Democratic
papers in general. We print the remain
der OF the Resumption Act. win the
Democratic journals Of tho State have
honesty enough to reprint it. and thu,
lay II before that small proportion Of
the people who sspouss their "losI
causs"g We doubt IL. Here Is the
conclusion Of that famous clause over
which the NJ. Louis Convention fought
90 long: the clause which has made nc
much trouble between Tilden and Hen.
bricks; and the clause over which the
!Soaiasi editor. who probably never saw
il, has made such o howl:
"And on and after the first day Of Janu'
airy. ammo Domini eighteen hundred and
seventy-nine, the Secretary Of the Treasury
shall redeem. in coin, the United State,
| legal-tender notes then outstanding on
their presentation for redemption, al thu
once of the assistant treasurer IL thu
United States Ia the city Of New York, IN
sums Of not less than nifty dollArs. And
to enable the Secretary % the Treasury Il
prepare aud provide for the redemption In
this act he !. authorized to use any surplu.
revenues. from time 70 time, in the Treas
ury not otherwise appropriated. and ts
issue. sell. and dispose Of. At not less thar
par. in coin, either q the descriptions o.
bonds oi the United States described IL
tho act Of Congress approved July four
teen. eighteen hundred and seventy
entitled, IAN act TO authorize the refund
ing Of the national debit" with lii,
qualities, privileges and exemptions TO thu
extent necessary TO carry this act into full
effect. and 10 use the proceeds thereof fol
the purpose Aforesaid. And all provisioni
Of Law Inconsistent with the provisions o
this set are hereby repealed"
There is where the real ''nutriment,'
a. the Sopiind oalls II. Of the net Gomez
in. Will the Eureka Seatbsi now bav'
the honesty to come squarely out. ant
tell its readers that ii has been deceive,
by Democratic journsls' VIII it hav'
the honesty to tell It's readers tina
Democratic papers. like the leaders o
the Democratic party. never were cursst
with that failing which is known ii
truth.isllingI We are snxiously wait
ing to see IL IL will 10 this justice.