The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1877-12-19

trustees of It's honor as well rs OF it's pecu.
mary interest, bur bound TO act as trustees
according TO the universally acknowledged
principles OF right and law. What right
had Senators to give away one particle III
that great public domain of power which
constituted the public right They were
eODserTatoFs of il.
THE PRESIDENT OF THE UNITED STATES.
could only speak for the people In the lim-
tied channels marked ont for him by the
Constitution. When he fMatthews) beard
the talk that it was the expectation OF the
purchaser of the bonds that because be paid
gold tor them he must receive gold for
them, he asked who had given out such ex-
pectation. Where had the people so spoken !:
Through what channel-through what
agency? Let the record be produced.
There were considerations of another nature
which Invited discussion, and into which,
perhaps, the Senate ought to go-into which,
perhaps, some who would take pant in the
discussion would necessarily go-but he
would only briefly refer to them.
II has been said silver had deprecated in
value. How was the measure, by gold ?
Why not say gold had appreciated in value.
Mr.. Eaton-Has not silver deprecated in
the purchase OF every product?
Dir. Mathews answer silver can to-day
buy more of any kind of known product Of
labor than it could in July, 1870. l herein
assert that nowhere in the world has silver
deprecated the breath of hair; on the
contrary. it has maintained its position: it
can buy to-day more land, more houses,
more calico, more anything than it could
in 1870.
Mr.. Eaton said he agreed with the Sena-
tor, thatit could in America; but would not
abroad.
Mr.. Matthews-What have we to do with
abroad? What have we to do with inquiry
whether lands and houses abroad have APP
preciated in value or not? Who is there
" no does not know from actual nerSon al
observation that everything has gone down
and that gold alone has gone up? Moth
ing could prevent persons from saying that
but the blindness OF those who had Joined
the conspiracy to exalt gold as the king of
money.
Mr. Edmonds said that taking the re-
marks OF the Senator to be true alb )ut silver
and gold, why did not his philosophy apply
as well AS to copper and gold.
Mr.. Matthews-We did not agree to pay
in copper
Mr.. Edmonds then asked If the Senator
from OHIO was quite sure gold had appre-
ciated, and il the price of silks in France in
gold was SO high as five years ago?
Mr.. Matthews. resuming his argument.
said he had testimony OF his own personal
experience, the testimony of the list of
bankruptcies thrOu ghOut the country, the
testimony of the list of Sheriffs' sales, to
the effect that everything but gold has de-
preciated in value. What else meant all
this cry of discomfort? What else meant
all this murmur OF dissatisfaction The dis
tress of The country now was beyond all
historical comparison in our country, and
to-day it would take but few more turns
of the wheel to throw the great mass of our
people into bankruptcy.
In conclusion Mr.. Matthews argued that
If this appreciation of gold should continue
the best investment possible would be to
lock it up and wait its appreciation.