The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1877-11-30


ever strange the statement may appear,
have succeeded rcmas kably well in con-
vincing great many people that the
Legislation demoHefizing silver was
honcs'. and that the demand ~ have the
silver dollar restored 10 us OH time coin
ldignilS j. dishonest. These organs by
I'M impudencc. for which they are donb-
less richly fcrrnneratpd. disc Oursc yolu-
by abont public and. private debts. ma
tlVnal cfeuil ani German financial sys-
TEN. They parade before the country
:oriuidable arrays OF figures which they
manage 10 make lie most cgrcgiously
Tor tie benefit OF their clients and the
injury of the people. This system Of
Misrepresentation in regard TO tie prob
able Effect uf fcmonciizing silver has
lost much ~ H. force. The people have
been correctly informed upon This sub
ject, aud are able 10 comprehend the
purpose offhosc who sinug9ied through
congress the slcnoMesizalioa bill. Tie
more tho sulieci is Diseased firmcr be-
come the convictions of a'i fair minded
mcn that tie business welfare OF the
rollniry demands tie rcnoueiizaiion OF
1.-The silver dollar % lis original coin
tfanaara
we find ii fhc Cincinnati Cnrsrncr-
ciai of ~ cfncsray ihc law rielring TIE
payrcpt cs she obligations Of he Uni
ted States in coin gold snd silver. Here
it's
MARCH Ia. 1880.
\ 1Rcviscd statutes. page 725. section
: 9G3: rae iiitii si TIE United Sls.ss Is
~nirnn'y ple4rcl.io tile payment n coin.
on ils eqrisalcni. Of nj. The obligations
os ihc IEi.ei states not lcaring inte-
srsf known 49, Cnifcl States notes. md
ir, a Tie interest bearing obligations rs
ihe Lniied States. except IN eases wfeir
ti,e law aHlbosizing lie Issue Of any
susli nhiigalicn las expressly provided
iAsi the same may he paid IN lawful
money M other currency than gold and
AsllrFaa .nt none os re Interest hcarif &
lu%ijguirsis not ALREADY due shall be re-
deemed or psi:i imtorr maturity, or I'M
,le~s Al such time bonds of the United
States nearing lower rate Of Interest
than The bonds 10 be redeemed can lie
paid 10 coin.
"'lhe faith OF The United STATES IL al
50 solenn'v pie igel 10 make provisions
at slc earliest practicable period for the
rcdcmoiion Of the United State notes in
COIN
The enactment of tic law grew att Of
iic liirs that great nnrv people hc-
licvr lhs; the : aC bonds were payable
in PAPER but emitting any discnssion
upon ihaf lninf The law ne given above
settles he controversy. All obligations
o. tie government are payable IN coin.
The Commercial sfill lMtnrr settles
tho question ~ regard the contract be-
twccn tie government aud tho bond
holder. BY giving The law Of 1870, as
also The face Of the bonds Issued. III
saws:
III being settled by thc law Just quo
ted. March Is. 1867, that the bonds up
10 that time, with certain defined cxccp.
tious, were payable in coin. provision
was made for The bonds Of the future.
and tho following Is tie law under
which every bond, from that date To-
this, was Issued:
"yrLl IA. 1870.
Act or July IL, 1870. page a4i Of tie
acts OF The second session OF the forty
| first congress:
"'That the sccrciary Of the treasury Is
hereby authorized 10 issue in SUN or
sums not exceeding III the aggregate
two hundred million dollars. coupon oil
registered bonds ~ Ihc United States.
im sueil form a. lie mav prescribe, and
Of scnnin.nalions oi lily dollars, or
some multiple NJ ihAt sum. fcdccmablc
10 coin ~ tie present standard value. NJ
and bearing interest
af the rrfc of four and a hal. per cent.
rcr annnnL Also al
cum or >ums rot exceeding
three lunflgd million dollars Of like
bonds, Tho snmc in all respects
interest ~ tile rate OF tour ania half per
cent. Also sum :,
no; exceeding ono thousand mil
lion dollars, Of Ike bonds. The same inI
ali respects. interest AZ thcl
rate Of four pcr cent
! Face Of Tic Bond
"'Principal and interest payable inl
coin.
~.Thc Uri,cd States OF Amclica are
lndchlcd to ------, Of ------, or assigns,
\ in Tho srsn of ----- dollars.
"''Ihis bond is issued Ia accordancc|
. with tie provisions of an net of con-
gross entitled .Annci 10 authorize The
triiraiug NJ ne national debt. approy-
led lnIv "a $50 amended Nv 40 act ap-l
proved January 70 ls72' and is rel
'ssccMahis " i!ie riea.uIcuf lie United
\ States nt'cr tie isl day ot September,
lh. ~ 1891. IN coin a. tie standard ynl-
.np ~ TN t'filrd states. on saii July ~.
\ s.u. with hit ,rS' Ia such coin from the
iay III tliT date hereof n lie rate of All
rr rrntin, per annnm. payable quar-.
lfspi 81 The Isl ,lay or December, March,
Lima aul Scutpiubcr III each wear The
lprincipal and interest are exempt from