National Republican., 1877-12-10

of public opinion from what seems to be IN
inevitable ovcrpowering Of Its cruel sway.
It yields with reluctance and exceeding bad
taste to its fate, but II must come. In
republic the people rule when they are
aroused by sense of duty to proper ex-
ercise of their power. For five years or
moro gold has ruled, because the people
have permitted IL to do so by their own in
ertness, but tho indications are that its
sceptrc Is rapidly departing.
The fact that there has recently been de-
veloped in the Senate Of the United States q
power of public sentiment on the subject of
remonetizing silver that seems to defy men
ace or veto, has spread great alarm among
the hoardes Of gold and the holders of
bonds. The cry that is sent forth by the
organs Of the money centres is really pitt
full. They find that their menace of danger
to the President, if he should not veto the
pending silver bill, while it has had the
effect to subjugate him to their side and
lead him to take position in his message, is
of no avail against rising and overwhelm-
| ing popular sentiment Scarcely had the
President spoken in obedience to the die
tates of the gold king when the Senate, by
moro than two-third vote, decided to
make the silver bill the special order for
tomorrow, where II will hold position until
finally disposed of This has brought seri-
Gus alarm to the money power, which now
engages its time and efforts in the work Of
spreading their own peculiar emotions be-
fore the country.
The cry of repudiation is raised on the
highest notes that the organs Of the money
centres can send forth, just as If nh honest
dollar of equal intrinsic value with gold,
paid on coin debt at par, is reputation.
II is about time this senseless clamor was
hushed by the exercise Of reason and com
mon sense. 1t is useless for the money king,
under an irresistible loss Of power, to at
tempt to frighten the country by its bug
bears of reputation, an impaired public
credit, dishonesty in meeting our obliga-
tons, or any such nonsense, for it will prove
futile. The great mass Of the people are in
telligent and fully understand their own
duties and interests in the light of history
and experience. They would be the last
to see the public credit impaired OF
reputation ensue, without raising the pop
ular voice against such wrongs. They are
as jealous of the national honor rs the money
kings or their representatives in the Govern.
ment or elsewhere. This is Government
"of the people, for the people, and by the
people" The national hohor is their own
and they would rise up in their majesty and
rebuke any measure calculated to depreciatt
national respect before the world. But they
want honest money. They ask to have sill.
yer honored equally with gold among the
Congress, which represents the people in the
Government, shows n disposition to repre-
sent public sentiment on this question hon
estly, fairly, and promptly, by yielding t.
the expressed and well-known wishes ol
their constituencies, after fully guarding
the bill in this respect.
The veto power in view of the posture o.
the two Houses of Congress on the silve,
J question, seems TO have been bereft of II
| terrors-for the people rule. The cry of re
, pudiation floats away upon the wind il
| harmless mutterings. The terror Of ruine'
credit no longer bears any influence beyon
Q those who utter tho warning. Tho sound
; ing alarm of blighted honor is but tn
{ echoes Of the dying struggles Of the gol
: king, which is soon to expire amidst il
worshippers. The people call for the dolln
: Of their fathers which stood side by sid
:. with gold as its peer, until tha Government
destroyed its usefulness by introducing
system of vitiated coin, which bears but III
, tie higher grade in tho moralities Of Iii
than the utterance of spurious money.
The gold king is dying, and its votari'
= go mourning through the land. Let it di
: 1t has enriched itself at the expense of II
= business interests of the country quite Ion
=. enough, and hence it is time that it yielde
=. its sceptre to the popular will, which
: counted as kindred TO the voice of God in
Government which centres in the people
|