The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1877-12-06

saving to the United States of more than
three hundred million dollars before the
bonds can be fully paid In adapting the
new silver coinage 10 the ordinary uses
of the currency in the every day transac-
tons OF life, and preserving the quality Of
legal tender to be assigned to it, conside-
ration of the first importance should be TO
SO adjust The rates between the silver and
the gold coinage, which ow constitute
our specie currency, as to accomplish the
desired end OF maintaining the equalization
of the metallic currencies, and keeping up
the volume OF the Two precious metals as
our intrinsic money. Ii is mixed qucs-
tlUl for scientific reasoning, and historical
experience to determine how far, and by
what method, a PRACTICAL equilibrium can
be maintained which will keep both metals
In circulation in their appropriate spheres
OF common Use. An absolute equality Of
commercial value, free from dislurOing
fluctuations, is hardly attainabie, and with
out II an untried legal tenucr FOR private
transactions assigned to boti metals would
lend to drive OUT oil circulation the dearest
coinage, and disappoint the principal Oh
jcct proposed 10y the legislation i'll view.
l apprehend, therefore, thai the two con-
ditions OF Il near approach 10 equality of
commercial value between the gold and
silver coinage OF the same denomination,
and Of limitation of the amount for which
the silver coinage Is 10 he a legal tender,
are essential 10 maintaining both in c,rcu-
laiion. Ii these conditions can he success
fully observed, the issue from the mint OF
silver dollars, would afford material assist
ance to Tie community IN redeemins paper
money and would Facilitate the resumption
OF specie payment and It's permanent estab-
lishment Without these conditions | fear
that only mischief aud misfortune would
follow from a coinage Of silver dollars with
the quality OF Unlimited legal teuder, even
in private transactions. Any expectation
OF temporary ease from an issue OF silver
coinage to pass as legal tender at a rate
materially above Its commercial value, is,
l am persuaded, a delusion, nor can tnink
there is any substantial distinction be-
tween an original issue of silver dol
lars al a nominal value, very materially
above their commercial value, and the
restoration of the silver dollar at rate
which once was but has ceased To he its
commercial value Certainly the issue of
our silver coinage, reduced in weight ma
terialiy below lis legal tender value, would
not be any the less present debasement OF
the coinage by reason of its equaling, or
even exceeding in weight, IA good coinage
which, at some past time, had been COM
mercially equal TO the legal tender value
assigned 10 The new ISSUE. In recommend
ing that the regulation OF any silver coin
age, which may he authorized by congress,
snouu oooeiso unese coiiu',ions vi
Sa,i'n'e , I'ai ,aue' ani so'eiheu " uie
i,o ana' ICY possioie iieiease shouiu
uI hen ~ 'ie 'oiu.iie VI iiie'aiilo. money,
". n.eh may pe Mp, III ciIruia'ion, anu
.neiIo' e'oiy l'esloie a,u ai'oioea 10 me
peop'e ~ 'Ie Ptooess VI leeuniihs specie
= pa. nien, ~ i pesau>e o' my CONVECTION
,.,"' u,si S'iu vi 'h,se oonui'i"'hs "ouiu
:, us.i a'e .ne suns WHICH are desired
IN ;,i W. p'pio'eu ooln"se, anu enioaiass
\, i'i ne" e''nien .' VI oonlus.oh certainty
my uu,,ness y, ,he Iouhiy, una. i urge
p" ovi ''aon VI, se eoiisi''ei a''ols 1
'.spee"uiiy i'oohinlenu 10 congress ,'"' |
~ cry "sisia : pIo'iullg I" SILVER |
a,,.i ei,u iih pai',ns " II ule qu"lhy vi
sai "i'ue' MI NC iinlieeseu On u'eas-
i iii, INN liosision eA' p'ihe ,he pubic
- =. iNi'oiNle "iO nv" ou's'ai'h.s'
-. IN" PC! a'' ~ .i'iiei u Pi'he ,pai VI MIR
CO. VI "n1 SoiHHee Vi ieSs Naiue 'hah the
"a ''eh' gnu 0"'hoSe Oh 'he county
CIVIL sERyI.E
he u eauiNa'i"h oi 'he StFii service OF |
ne oooiiiy mas iol hemief OF 3'"rs al
"e''u hiHe az" nlcie uDi'c ai'hIon'
~ e'hti"i has o'c'ne uie opinhh mat
nc, ihe'hoo vi aonhIssioh 10 IL, eLd INC con
'it,"iis vi leinaHihS ih IL, are soubu, liat
'o'h INC e'ea, poi'ieai psIties nave greco
! uie Hiost eApIielt aeciaraliohs OIL
ne Necessity :" reform, ana IN he
nost niphaic oei,ahus lor IT,
ave luliy cohsloeieo 'he oeciarailons
hu Ut n'ailes 10 NC me expression 0i
n.y., ny, .oh,ie'ioh vi ,he in,eiiiseh' Iiasses
I ne p.uP'e upoh 'iie sulJ.e', anu ,nat
hey >nouiu NC nooehiZe',, AKA io,io"eu ny
aI"ese anu pioinP' ACTION ON ihe part oi
ne Teis'a'Ne anu eHeeuii'e departments
= .he eo'eiHnlen'; IN pursuance OF me
'ui POSE inuiea'eu Deioie my accession 10
my .nu' "'oieu w nave my own
'e"s u's'ih''y uhueis'oou' anu upon my
1aus a,ion' my accoio WIN me putiic
pinioii Mas s'"''u III teInhs Leiie'Su 10 Le
nam anu UNI nlois uous' MY ehptIiehce
= va "o'es nHs siiohsy 'on-
! INV ~! peiiei III .he giea' ao'ah'age
= .1unhy """'u INV ~ ohs.i. ing snic'iy
Nc liai' vi 'he euns'i'u'ioh nhiSh imposes
Pon ,:u eA.su.,Ne lhe soie u,"y anu re,
pons'oi'hy vi ihe se'ecoon Oh me hoerai
l.oele' Mho, ny Jaw, are appointed, but
" eiee.eu, anu WHICH, 10 IKE manner
'isSns W 'ho eeha'e inc coihPie'e risht
aus 'se anu eunsent " VI iejec' uie NOM
'a,lons 50 n'aue' "ii,s' '''e house VI repre-
m,".,aes ~ s,"n ns as 'ne eelsor vi ,i,e per
= ',anee y, o'.:,ai uu'ies, WIN ,he pre- I
ySa'l'e Vi hNes'iea.ion' anu ifoviuihg LOT |
y ;ases "a u,ieieo'l ,, me leli-meshes
n .,p,' III t"e ci'li sei'ice may
NINA, NC uace'' III mist cases 'oa
~. eop,us,on VI 'he eu,ies hiss'gheu 10
~ 80" uel'..l ',nen's Vi 'ie government
y PuPo 81, ~ nis 'esP1I;' mas peeh 10
.u,n " he system es'aoiisneu ny the
aar, "en", ,a~, anu ~ , ~" .iis "i.n me
uoEPe' a 'i,, -, anu 'ne ihos, coruiai Z
UNDERSTANDING viii uie sehate anu mouse oi {