, 1877-11-09

fraud, tho sham, tho swint1le. The tleccr-
ton was so successful TINT President GnAsT,
who signed tho bill, did not understand its
effect for six months afterwards. Gen. GAn-
FIELD. n prominent member Of the 1louac,
las been constrained to admit That lie did
not know wiiat no was voting for. President
HAYES, a ycar and n half Inter, when battling
for specie resumption in his contest with
Bill ALLEN. supposed ho was concluding for
silver as we'll NJ gold. Members Of both tho
Senate md House wero ignorant Of the con-
ccalment that had been practiced, anl It wna
not till three years Inter that tho exposure
and general discussion by tho newspapers
revealed tho fra,l to tho people.
Unless 1t 10 fraud 10 robnko fraud, nn1ess
1t DO aham to expose sham, unless 1t 10 d
swintilo to denounco swindlc, then tho re-
nonetization bill il neither fraud, sAam, nor
swintllc. It is an effort to restore to tho
people currency wlfcl, wna stolen from
them In sneak.thief fashion. Tho people
hsve a right 70 demand return Of the prop
ersy before any discussion is In order relativo
to tue disposition TINT shall DO made of It,
Before tho proper placo Of silver in tho Amer
lean currency, or its probable influence on
American finances, can be fairly determined,
it Ia necessary to renounce tho deception
and restore the original. This done, would
tho Chicago Times, or any othor advocato
Of tie single gold standard, howl
for It's demonstration II the Shy
hcks had never gained their present nd
vintage surreptitioasly and fraustulontly,
they would not think OF asking for the de-.
monetization Of silver In tho face of the
present public sentiment. III other words,
the demonstration Of silver would 10 iinpos-
siblo now, md wou1d hayo been impossible
at tho time I. was accomplished, on the
merits Of the case, nnd with full under
standing Of tho purpose by tho people or
their representatives.
The oiler assertions Of tho Chicago Times
in chnractcrizing tho remonetizing bill aro
on plane with tho enithets It applies. Tho
reconciliation bill will not "chcat the pnb-
lie creditors out of sevon cents on tho dollar,
because the law Of 1869 r!edging the fnlth
Of tho nation to the redemption of bon,ls III
coin spoke Of gold mud silver, aud The law Of
1870 providing for tho future issne Of
bonds, and Ill The bonds issued,
bear tho stipulation TINT they shall
bo redeemed "in coin of tho atanlnrd
vnlue Of Tho United states Oh the said July
II, 1897; that standard included tho silver
tlolnr Of 4124 grains. ninc-tentlss llne, silver.
Hence it is not cheating tho public creditors
df single mill to pny them III coin Of TINT
Htandnrd. Nor will "tllo customs revenue
be reduced per cent" nor the indivilua!
debtor 10 enablel "to discharge Ills debt by
paying % ccrts," for the Government aud
the individuals woro alike governed 1,y tho
lawful standard, mud AFr. WELLS. tho ablcst
arologist Of tho gold standard, admits that
reconciliation Of silver In tho United
States will undoubtedly bring silver to par
with gold in tho open markets Of tho world"
Let Congress repudiate tho secret and dis
honest reconciliation Of 1873, and then We
shall sec how many persons will cite tho
rights Of creditors, or produce arguments OF
commercial advantage, 10 bring about M
open abandonment OF tho double standard.