New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1877-06-02
What 10 AeRRs by the Restoration Of Hard
Money.

There is no scheme" for remonetizing
silver. There is, however, demand tina;
the policy Of specie resumption shall not
be carried out, except upon the old specie
basis. There is nothing fraudulent or
fantastic about this. II Is plain, simple.
straightforward, imperative urgency that
the injustice done the people by the sur
reptitlous change in tho money standard
shall be repaired, We donot care for the
fire phrases about bi-metallic standard.
We scorn, under the circumstances, to
discuss the quo tion whether, as an origi-
nal proposition, the standard should be
in one or two metals. We state the I'M
questionable historical fact that before
and during the war of the Southern rebel
lion, and through the worst period of in
fiation, when there was marvellous in
crease of Indebtedness, we had the double
standard-that this standard meant that
the debt-payers had the option Of making
payment in the chopper OF the two
metals-and that without the slghtest
consultation with the people the standard
was changed, and the option of payment
in silver taken from them. After this was
done there was a time fixed in which to
resume specie payments upon the
basis that existed when specie payments
we're suspended mot upon the terms of
the contract under which the securities
were issued-not with the money express
ly stated in the constitution to be legal
tender, gold and silver not in the two
metals that side by side, had for centuries
been the money for the whole world, and
always were the money OF the United
States, but in one metal, in gold only,
There could not be an act more suicidal
than that Of debtor nation like ours vol
UNFAIRLY imposing upon herself the system
OF England, the great creditor nation.
We do not propose that the British gold
policy shall continue We do not desire
TO adopt the French system. We propose
to return TO our own old system--tne S, s.
tenn inaugurated by Hamilton, with the
commentator Of Jefferson. Il is not re-
pndiation that we seek, or revolution that
we solicit. II is a return to the old WAYS
that we want il is restoration OF the old
standard that we require. The endeavor
Of the Times TO make personal point on
Senator Jones is unworthy Of that journal.
Senator Jones once owned stock in silver
mine, bnt that does not affect the fact that
he has done much to enhghten the col1n-
try on the silver question The Senator
il man OF great ability, and Of an atten-
tive courtesy, that it would be well If his
critics could emulate so AS to produce an
imitation. Il Is not worth while for as
10 discuss the question whether the West
ern STANDARD ia financial matters has been
exalted. We will rem ark, however, thai
we have not observed IN the West, OF else-
where, any financial siandard that seemed
20 rs 50 disTeputable and insxeusable Al
that Of the gold bull rampant over The
juggling by which the old silver dollar,
and ell that It implies. VA slipped mon
the peopl and We must add that persist
enee 10 The plesnmpthJbs GU this subject
viii % more than could be accomplished
by nli the greenbaeh theorists and spout
ers, % excite en- aneovernabla prejudice
against the b0iders 81 securities; and thai.
While the naFrowing Of the specie basis
BY the abstraction ID ailp8f remains. there
San b. no such thing A. resumption
Drive . nail ia the val It llat soot' haue
your hat on IL, and Contemplate the eco
nomieal situation pl4eidly mtiaaas
Cesaserei9l