, 1876-08-23


tSi iG1 'yet shess o ass1: if ,o IT, @ tn
&c a. sts%, H. 5 nssiHs Is sst t a5.': @ 5
and ttn marc Of tho autno mort, becanao the metal
Of which they vera made hnd dcproclated In value.
u'ea oi mensI snd Of doiar' arc entirely Of
on 81 oae arc n9 % as o.
and exchange for convenience sake. And a prom
!se to pay sioo !s not merely promise 70 pay that
vnsno thai these coins represented whom tho con-
tract was executed.
TIns @ + . s that. in cases where thore y bnt one
thnt were standard when The contract was exe.
depreelsted il tas interval. iii. i. tho 'nost tho
ny lS ;1ss yas. H. s ,ys sFs hoss ss ss
men. sasii Ss msds i toss tsat he NOS. %
ribity Of such an election may b. fairly safd 10
have boen within tho contemplation Of tho pattIes
whon the promise VA . mails aud accepted. Tx il
The Judge prorccas to sny:
1T 5 ss tt IT. a:.ss 4 Fl .:1 M
ieEsI-tsncr ~ sc n paynent ot uovernnent bonds
s$!
ss$ h
n
ast snanse s ,s xss Of u consse 70
as + 6 III: %5.t n sS
is% H., Tos!a Ps;Is* xn,s a;saa :! Isas
70 lit .ss1pectstions. s''' 1'SAsA' '''>''1'NS
No further answer IL needed TO tho quoted words
than what VII has "a, already been given. except word
npon nc po1s'bo action OF illegal tribunal In the
The Judge will not deny sha. every sutor before
lfpX1 tft1nnn1 hhR n tn h st .
tested contract shall be construed by the lava that
were ~ force when the contract wns executed.
Se 90 ehs1sea .st coin cf 41a gt.ins ~ Of sH9 "9el
metal should M be msde NJ legal:tsnder for the pay
,atr, Int eTteued prior 10 he act Of 1s7:, and
the creditor should Insist that he WAS entitled, un
silver metal to god dollars, Or M t,eiF cauisslent.
aag. ;Me. ss;ors .s Toaa
inaud.
III sssF s e ssss e. H. q id s! Il
41Gn grains Of silver coin ia question Of public
policy, and one Of ths grayeet sort The Judges
far more extended than tho writer'a; Int some
where tn Holy Wilt tomabody u styled uoatablo
cana sSas y II e.
policy Of tho General Government for The laAt
decade. So unstable has this policy become, that
ID the i,oney.msrts u ufcat Brtan md lha CON-
tlncnt. but domestic traffic ls PROSTATE. and tho
laborng e!asses are driven TO involuntary idlcncss.
would bo lcga!,-wtel j. not admitted, ..rouil I
b. sound policy 70 ddopt fAt nntasurtf Would
course, aIsSousa issal. z: .oaad prleats polievi
Mol And there T. no difference between Govern.
nents and individuals o. to tho proper rulea of
@ iss es1ses' pts tSs 81 Il
I currency nsol ~ to so
md 50 dEtve the Inter from circulation at,t tue
country suoh is tho inevitable result Of having
other. The limited Apace Of tl!ls communication
will not permit discussion Of The evils that would
,ss ss Rs as 1 ns sss asas9 i 9sa. e a
Citations from English and American history can
be made to describe the c'ils; ana Engl!sh, and
pfonoanced tho double atapdard = unwise ssst and
and for the 5ca.Sp thst tho
on account Of Tho fuctnation In thu priccs Of the
metals, cannot DO kept equal, uttAo.t frequent
q proceeding that tends to The constant dosango-
mont Of commcrce. In, choosing between these
two metals for standard Of valuation. economic
nost difficult Of attainmcnt-the metal that covers
tile grratcst worth BY tue smallest compass-s the
proper standard, both Of measure ard exchange,
True ii Is that wo afo rlch IN silver mines Their
product, however, y enti.eiy eapab!u Of utll,xa.
tton, without m0netlz!ng the ore. The nlDtal has
TINT value to holder rs fualy ns though bearing
on tts face the moncslzslg stamp Of the General
aoverntnont-
There s ona CHIN Of tho senonetizcrs that Ia as
tamuslnG" Ia tho Mdlloh's logic Is to Ludgc
Lawrence. They say that the act Of 1878. was
feet, by the procurement Of European bondholdcrs,
II true, tho charge furnishes q pertinent common
tary upon thu Alncss Of American legislators, and
Tho schcnc Of INSTRUMENTATION 10 only q
mder form OF the plan to pay tbs Government
debt IN worthless lnpcr, and ahonld not succeed.
t3HNfN GxIyNEH