The crisis. (Chillicothe, Livingston Co., Mo.) 1877-1878, 1877-12-06
have felt it my duty to give the subject, am

nave lclt IL my uuly 10 give tne SUBJECT, III
| but
MORE CONFIRMED IN THE OPINION
which expressed in accepting the nomin'
tion for the Presidency, and again upon IN
Inauguration, that the policy of reslimptio
should be pursued by every suitable mean
and that no legislation would be wise tina
should disparagc the Importance or retard tn
attainment of that result. have no dispos
tiOn, and certainly no right, to question tn
sincerity or integrity Of opposing opinions
and would neither conceal nor undervalue tn
considerable difficulties, and even occasiOna
distress, which may attend the progress Q
the nation toward this primary condition +
its general and permanent prosperity. /
MUST, HOWEVER, ADHERE
to my most earnest conviction that any way
cring of purpose or unstcadncss in method
avoiding or reducing the inconvenience in
separable from transition from an irredeem
able TO rcdecmablc paper currency woult
only tend to increased and prolonged disturb
ance in values, and unless relieved must cnt
in serious disorder, dishOnOr AM
disaster in the financial affairs u
the government and of the people. TIL,
mischief which apprehcnd and constant,
dcprcciatc is confined to no one class Of til,
people, indeed but seems to me most Ger
tainly TO threaten the industrious masses
common lnhnr r." tha,,, n S'o,ng A., ,no i, I.
nf nrimn imnnrtonco thnt tI,cir w nv ~ i
I,pnp s,,oi,tn pv cn>,ry>,s,ryr
in money which is in itself incxchangcabl,
value by being irrcvocably measured by III,
labor necessary to its production. This per
manent equality Of the money Of the pcopl,
is sought for and can only be gained by th,
resumption of specie payment The rich
dralin,r classes may pnt .i,yar7 fn"I thn ,,,i,
chiefs of ar nav fmd cnsmsi nrnfts IN '''
variable cmrrcmcy hmt thc ,,isfnr,mnos fU%,n m a.
.ncI, =, c,,,r,,,o,. a. ,l,,,so ,,'i,, ,.a ,,,id
rios mr. vo,,cs orn irn,itaIio nrJ rarn,J,.I,',"
ClnscIr cn1no"tod viii iii '.,rnrni s,!,foa,
Of Tho rcsmmntinn nS snn,ic STa,,m",t IL nna
suhnrdnntc hWt .iili oT ,rayo Hn"rtnnno 20 Guy
moan tlo rcoIi,,stnnnI -, '"''N''
n,s, ,o,>.,or ,,.sr,,,,
or rcrcwoI If th. siirn,, Joiiar nS m oIo,,or,
Of our .nrrir rlrrrnrv onInrcd hy lr,ri.I"
lion wifi tLc ounlitv If - I"~aI teHdnr ,n a
prrntrr ar loss rytrnt A. tInro il no d,wIt
If tLn nowor of Cnn,rrcss undor tho cors,i,,,
finn ia coin ,nonny n1,I ro,,,,,,,rotn tI, ,.aIu.
thereof and nc tIis nn,,nr cn,.ors ,,'i ,'i,''io
ronoo or nmthnrit,, lnn,Iin,I,io tn u,o ,t,I
the rated volmc and fhr local tr"drr oIoiit, %t,'
which shalI hn ,dn,taJ ro. tlIn Inn
> ZlnItlI mr. IL nm
n norticni,r mrasurr r"rmrrtcd with tho com
,Gr belonrrirrr cirnrIy tn tIr nrnvinre Of Io,,is
I5iiv. disGrntI,n ond ~ ,,,fi;n n,,,ndi,,,,,.
Without intruJir,r ,,,nn tbis rrr,,;,,n,, ,c
legislation in the least, | have thought the
subject Of such critical importance in the
actual condition of our affairs, as to present
an OCCASION for the exercise of the duty i'm
posed by the constitution on the President Of
Recommending to the consideration Of Con.
rrcSs such measures AS he shall Judge prccs
,ary and expcdicnt. Holding the opinion as
do that neither the interest of
TnR GOVERNMENT NOR OF THE PEorLE
lf the United States would he promoted by
silver as one of the two precious
metals which furnish the coinage of the
world, and that LEGISLATION which looks TO
the volume Of intrinsic money
to As full measure Of both metals AS their
relative commercial values would permit,
would be neither unjust nor incXpcdcnt,
must ask YOUR indulgence To brief and def.
mite statement of certain essential features in
any such legislative measures which feel if
NV duty TO recommend
do not proposc 10 enter thc debate renrr.
,cntcd ON both sides by such able di,putaut,
IN Congress, and before the pcople and in fine
press. MS to the extent which thc legislative
power of any one nation can control fins
Iuc,tIon, even within its own border. uroinst
.he laws of trade or tlle positive laws of q her
governments.
THE WISDOM OF CONGRESS
L., ,.,i.,,,,,,.,,. ,,.,.,..
nrt"J rnr ' p,(,'nI ', '',,i 'is w pu
,cJ" rnt ny "priU'',i ","y m "r"S
i"r nSd niiiiEn liz E'av, o o"
,,,r,,', "r i,'trin u in,.,i,i I'ou v''','
- ' ,i; ~ =, 10y -,
@ in ,at '''I a." ',",,o VI SUN ieSlsl.'
,,t; ~ ,oui ~,
.iivnr coima,,o ,,! !,,,,inti. ,i.'o' '"niuS % ~,
'nr,i,,r ~ S,i;t'S - ,'i". "'iu i'',,
"nrns o ~ ,Ts Wv ,,Iom "%'';S ; ", S ,It tEn"Ii'
. uu'l' w. IV '" TIVo' iilp"lt"ii'c tli.'t con,
7ncrotinn Io" m ,'t r"'S LS, VI itn "u''En u,u
E"ti,'ot I;rn't;' v"''IEtT iC ~ M'Ip"u W. III wv"
.,',o, w. ,,nn sno s ',,o stu1es SG
o,,;sIoti ov t,Tti pu1;ir uIoti NS
',1 uII'S Will t''c Iucst'o. q, sllNrr
H'"u ~. '",uiS o1n.' '',S.. .nu % gov
,,, NV i ,i H. oiu,1 S ",
1,'t'j a. ""I tiiC bu'N S'ou, ~
h. ootna2 t"T p,Duau" ~ ,s'",1 pui III
-ne "''""' VI 'u ,'"''o" WIN
,;,t.r,,,1 ,'',, nN,, =, n'.,o phbl, -,
lens and held in a ~rr9t amnInt ala" ohrood
he nature nr the silver rninn,c ,nnosnras ns
,flcrtmm tllis relation oC rovSrnnont to tLc
holders of thc nuhlic drhf becomes m item
in any nronoscd LEGISLATION of tbc hiThrst
concern. Thc obljToiiom If the nmhIir fnith
trnnsrrnds nil Questions of nroft or nnhIir
,dvonto~c Otbrrvyise us iu, innnuosti n" tiapnahi. pIj
thc dictate os we'll T,c os The
hi~hnst cvncdirncv is or tbe most noccssory
iuiy and WilI he corefulIy w onarded , Inv Con.
srrss anI thc nronlc aIitn' 7"''''N" y O''''
TuE p,nI ~ nrpr
,f thc limited States IN The nmourt of s-o7
1oO OM hears interest nt thc rotn of civ nor
cent s7OS 0OO OOO ot fin" rate nf tivc nov or, cnnt
and he only wov in wLirL thc % rouptrv 'I"r nan
%r m relieved from thn nnvmcnt @ of these hi"h i"i
rates If interest is Lv ndyantagcnnsIy rof"md
imT thn mdrhtcdncs: WhrtLcr tLs doht is
Ultimately nnid in ,,old or in silvnr coin ;s or
bat little moment compared with the possible
reduction of interest onc.third by refunding
it at such rcducted rates. If the United
States had the unguestonable right to nav
its bonds in silver coin, the little benefit from
chat process would be greatly oyerbalanced
by the INJURIOUS effect of such payment if
made or proposed against the honest conyic.
tions of the
PUBLIC CREDITORS.
All ,bo honds ,hot have boo, ;0s,od s;,oo
r, - ~ ~ "U 20 ,osn s' i''' ,h ,oo"'" oIi'.0