Evening star. [volume] (Washington, D.C.) 1854-1972, 1877-12-03

people Is sCagbt for, ani caa only be .ained
by The Iesum,''ion Of specie payments Toe
llch, The SpecuiStlve, tue o.eIajing. the
u oney dealing classes. NAV rot always feel
Ia" nJSchles oi. or may mud casual profits
Ia. variable cGrrenc>, but the misfortune,
o. such a currency 20 tIo-e VITO ar. paii sal
aries Cr wa2 are inevitable aud r-.iied !! e,S.
Co., 4, come Geo wa. t.tS g .-Tal sub
Jtc ot ne TrtunYiirH ~ sp-ci- ptF ments,
- on 81 sn0ur innate, bar III O.: rave i'm
r'rts rce-l mean tie r. jHslan-it 81 our
q image -ysie@i. by tn t~ ets4t"C r'ae silver
GOiihi A. al DleIHestf J., eur s,.cIe ci.f-ucy,
ttCUAtd 10y leki~ 81 %. Vttn toe q !atity of
Isg-i g der TO "a gT-a er 1T 'ess extent.
a there IL n" count II tn pry-~ - on
e.. un- er tiG rUHsrltu TO-. - .oiB
e. MS pow er covers the Whole range nf AL
t.'rily arIiI,abi.- 20 The Inptst. Tia
r Cd value and LGe iezaI- euder
qnalIy winch hall b. Il optsi tar
the coinage the co siteTst,Cus VIC.
E. ouli l. GEce or 81. Oursg- IA par ic-
uia; measure couUFct,s VITA the e .sz.,
belong clearly tO tbe itr,Virce OF sesiS qtivs
diScT' t'cIi,a q Of pub. C exped1sncy. With
oct ~ RIDING usuB 'tis p.ovtnre o. lezi~fa
iiOn 1D th@ least, have y6t tnfugnt the Nh
Jrci 81 such ri ca imp .r,anc i, ne tct IA
cOtGiiirU o.! our affair. as ~ prpspnr AN o..
CASTOR fnr the eXsrclsc OF The dnry imp 49,.
by The Constitution on the PreS.,ie L ~
recn'nn e. chg To the cons Liberation OF con
sT' - sHrh measures IS he shall in iZs nee.
e-sSTy and ca ped IeDt -
Holding The opinion, rs do, that neither
The interests 81 the government nor Of tue
NOTED by diSparagiug silver as Que OF the
TWO precious metals which furnish the e III
age oi the world; aud that legislation wnicn
looks TO maintaining the volume OF Intrinsic
Ohty 10 aSfuil mea- ure OF boh metals a.
their relative commercial val Ies will per
nit, would be neither uaiust nor igexpa-
Client; i must ask your indulgence to q brihr
ara utuhlte statement OF rerCain essential
features IN any such legislative measure
which feel it nay duty TO recommend.
co not propose LS cnLsT me debate, rep.
Ett tsrS m fsF "a as
fularts Ia CrItgve-s and before tbs peop.c
6iG IN he pres, ~ 20 the extent 10 when
~ legislation of any one nation can control
inns question, even within its own borders.
ssaiLSt The upwTit:en Ia rs of trade or ne
Busliive laws OF ctGeT Governments The
wisdom of Con SIess liz shaping try parton
Ia law that DIay he presante1 for nv 4p-
IToVal Gay wholly Superce!e thH neces i V
of my entering into treSe cousidera 10 as
and / wiliirgiy avoid Il her vague or fljr!.
Ca e = quiTIet. L. Is only certaiu pl ain and
p'*cil"ai traits Of such LEGISLATION Ju&t [
&c ire o recommend Ia your stteusion.
In any legislation providing for a silver
to 10 The quality OF legal tender, il seems TO
ne of greai Importance that Congress should
not lose sight OF It's action as opera inz IL "A
lWO-fOid capacity and il two distinct dir rec
tons. If the United States government were
Iree fir. m public debt, its legislative dea
Ing with The question OF silver coinage would
r. pu ely sovereign and governmental. u -
der no r. stTaints nut those Of constitutional
power and the public good as affected by the
M ID 4 ;SIa pt,s
ny1 of ,,a ,ra,i ~ 'ne ac,uai CIT
4 ~ dfstrthr cd itg r WIN va - lbllc
ciIZrns, AID held in gr at an Jdnts also
abroad, the nature of the SILVER co nag.
q v..runnenI IN m hnj9;ars ,r H. va ~
4, O. me-. AN eler1erf IN a =, 1tat
ton, OF the highest concern. fne obi cation
al mon, or urhIic ;. - - q ,t''a-II,io -
ur6ue-tionabIe maintenance is he = ot,,a.s
v eli Of the hignfs, ey o. - ~, 80,
M co.sarv d,9fZ apd yytII 60 - .,i..rI .
guarded bV I.Cngrlss 81 no',nla sIiLn
TIp nn.',c IT -. T. So. o.,
:he arno mn Of .--lq rfg az. -, -, - :
the rae ~ s,x - -, 81 .-,s 80,
the rat If az - -, > '', W ~
in wbicl t.g .t.s,pt,y "a, -. -. - 60
the nav e..tof N. :. at 81, ,.,..s ar l., -,
is ~ aJv.ntar-.Us, ,.f.,.f 80 -
.dness Wn4l1rr tn a.. j. a. -, 80
in polC Or ,t!cer,,tr D., r. y l..,f 80
coIfpared Min a.. -, ~ -
teIesL one-;n bv .af.,.... 49,. a. 20 -.
dI.csd -. - 49, -. !, - w.
uToues.o,cS rs,n. -, g.. -.
y4rro.n re m. 10 = r., -, -
would he gYea y o... 80 d. .,.. -,
iuItrus efI.rt If -,,.i, ,,.-,,,.1, - ,,,.oa
nronos-,; agyi,sr rra ,-e-. a. ,,i.,t,
ihe nrhlIc c,.1,,,rs al - t $3.50
have been t.tua., ,tnce saaIrap1t ~,
when goic n. ca,,a -aontv =, u; 'oiP
t,roer me .aiI,. 49,. ~. >, -. ~ i "
insIIv $3.50 a. - ~ 80 90 Soiii y, -
value DAM 4" he Tine eff thaso ,ss ~, III a.;
cniv do,iar 60. iio VI .mese 'ssuse, we
IheGrVerI msnt IN axcb,n,'', -, t,s seu ~
the Ootd doii.r A"i '"i'o was
To Ytunira the nrh,,o ors5,,o,s -, 4,
repsymrnt any do,isr or I.ss 60 ~ "a III
value, would be regarded nv them az a rom
diaiion of the fuli obligation assumed To-
bonds issued prior TO 1873 were lssue a. a
time when the gold collar was the nnIv st.
In circulation or conte ~ Mated nv sitnar
the government or the holders or ffa mod
as the coin In which they gere tn ne maid
1t is far better to nav these pond in thar
coin than To seem tn lake ajyani. "a ~ t,e
unforeseen fall I'm silver buIIinn In n.v,n :.
new j,sue of silver coin. TINS made So ,nno"
lass yslusble rhe roy.r of tha iT''i;ej
States IN coin money ard tn rsgrIata 80
value hereof OF. bt never to ba exercised ~
tine purpOse OF ems bIiu1 me Gnvsrnmsnt
nv ms o,Iis ations in 6 coin of IasS vaI =.
tina thai g. nIemnIated he the mart 90 49,
the bonds were ,ssued A. a,t.nn, +" -
H.. national iudeh,edness tu a cptna1t -
les, Commercial vsIne than the monev NJ
the W rid wou;Ci involve a violation .,ffna
public faith and wcrk lireoarabia ininrv 70
trD pnhIic Tr.rif ."
1t was the ORG at mer;. of tho acl of Moo,
1869 in strenei he Ming the niIiIic cred,, ~
r, moved All don't, as IN he nnrnoSa Of 80. =.
Timed States 10 nav their bondeJ doh, in
coin. The ACT was accented "a a nlejya 81
IuhIic faith. The Government hss desived
great benefit from n in the nrograis ,bns 20
made in r. fund ing the public debt al Low