The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1877-12-08

|
are of skilled or common labor. To them, it
seems to me, 1t is of prime Importance that
their labor should be compensated in money
which is, in ITSELF fixed in cXchangcable value,
by being irreyocably measured by the labor
necessary to its production. This permanent
quality OF all the money Of tlc people is sought
for and can only be gained by the resumption
| OF specie payment. The rich, The speculative
| the operating, the money dealing classes, may
| not always feel the mschiclS Of, or may find
casual profits in, Il variable currency, but the
misfortnncs Of such currency to those who
| are paid salaries or wages are inevitable ana
| remedies.
THE SILVER DOLLAR.
Closely connected with this general subject
| OF the resumption of specie payments, IS one OF
| subordinate, but still of grave Importance
| mean the rcaduStmcnt Of our coinage system
by the renewal of the silver dollara an element
| in our specie currency, endowed by legislation
with the quality of legal TENDER to greater or
| less extent. As there is no doubt Of the power
| of Congress, under the constitution, to coin
| money and regulate the value thereof, and rs
| this power covers the whole range Of authority
| applicable to the metal. the rated value, and
! the legal tender quality which shall be adopted
| for the coinage the consideration which should
| induce or discourage a particular measure con-
| neCtcd with the coinage, belongs clearly to the
province of legislative discretion and of public
| cXpcdcncy. Without intruding upon this prov
! incc OF legislative discretion, and of public cN-
incn 81 Io,i,iati"n i tLn Va h,t ,,
thnnoh, III - g,I;n, - e,,n ,;.i'l -, ,,,.
in th actual , Jitio, r r ,,i a'
sent nm occnsion for no o,,ari. ~ Tho DIV
imposed by the constitution on the President,
of recommending to the consideration of Con-
-, o,,J a,.,'adiat iIijir 49,, gJ,'i,1i,n 49,,
IT, y,, ~ ~, "; trI ~, IL ,.' ~ Cl,l,,,,,
w. 'iir. 'io ~ Nv -
W. W, pIIIpiJi VI uno Stats, ", WV
w., Dr ~ i' ~. Wv,
w 'h l,c,',1 mhcn luItilsn .IG
VI t'io .liu 'ii"t MN iooho
" lit ri, .i'c 'p'ui,t VI in.'e. loh,y
70 ~ iuli u llcasrc o. p"ti cta.s as ,irii
i"tnc Coil.ic.clai ,ulueS WI PcInli., "o.lu uc
noitncI Unjust nor IiicApeucnt' mus ash your
inu'ischoc ~ II pll'i anu uci'Ito VI
la"i 'so,iit'i % - ~ ,,uS .u' IL
i1"oui. Will .'cl !. ny uuti "
Nv no. tLoPosc - o''lrI .i'' Ioo"tc
~ oi pot" srIca ny 9U,n "pIo uI'PUtJ%i'S ~
an" to oTtcn, V TP H., f ~ iI'
PicHH, Us !" wy c"'cnt W N.ii'n ~ ''SlH'aIo"
o within 2Ii t own f po I1Go ' the
trade or the positive laws Of other Govern
men,s. Inc wisdom OF Congress III shaping
any particular law that may he presented for
my approval may wholly Supcrsede the ncccs
sty Of my entering into these considerations,
and willingly avoid either vague or intricate
inquiries. II is only the certain, PLAIN and
practical traits OF such legislation that desire
In any legislation providing for a silver coin
age, regulating its value, and mpartin% TO it
the quality of legal tender, it seems 10 me Of
great importance that Congress should not lose
sight Gifts action rs operating in n two-iold ca
pacty and in two distinct directions Ifthc Unit
cd States Government were free from public
debt, its legislative dealing with the the qucs-
ton Of silver coinage wnnld he purely sovereign
and governmental, under no restraint, bun those
OF constitutional power and the pubic good rs
affected by the proposed legislation; but in the
actual circumstances OF the natioH with vast
public debt distributed very widely among our
own citizens and held IN great amounts also
abroad the nature ol The silver coinage meas
urc MS affecting tins relation OF the Government
to the holders OF the public debt becomes In any
proposed legislation OF the highest concern.
The obligation Of the public faith transccnds
all questions OF proht or pubic advantage; 9th
crwlsc, It's unqucstionable maintenance Is the
dictate as well rs the highest expectancy as of
the most necessary duty ana VIII be carefully
guarded by Congress and the people alike.
The public debt nt Me- United States, To me
amount oi S'-'"o,V" oe noo nno at 'to
rue vi per 'chl', ',Iu ae ~ 49,.
Oh per cent anu 'nc p1Iy way ~ Will Wv, ~,
county can oe iono.'v ~, tnL p"y ~,
inc hlSh ru,cs vi in'cItSt 10 " W., a'lt''
,ciunuilS ihc "hu'nC, Nv
II u,tim"els pau III SoIu y, ~, ~. ,o - W
put nun inoncnl' N"nP..u WIN " =.
IeoucIion VI li'cloo' y ~
~ SUM ,euuvou ~, wy ~,
me uhques'.1nani.e r'gnI 10 Ply "I poinus II
SILVER CON, thC lltllc pIncnt Hoi'! wy r. o.voo
Woulu DC Ercuty oNcro"'IHecu ny thc I
cHecI Oh sucH payment ~ , mIuuc 40 pi"PU1Iu,
against 'he honest CONTIGUOUS Vi 'nc p"onI
efcutorS al inc poiios tht nav pccl' issu NV.
SINCE February - 100, m'ic'! soiu no.aino wv
oniV unlimited icSai WilucI nic''iiie WI 'oI.s
Oh thc country are Justly PnSap II, So,u so''',
or Ill com Oh GquaI Naiuc' DurlnS tho t,i,io VI
these ISSUES, inc p'ly uoiIal 'iiul .ouiu uo VI
was received oy te Ho,rinliicii NJ III cASn"Sc
Tor pohdS was lhc Soiu uoilnl. 10 lequltc NY ,hc
pupiic creditors 10 tahc III rcpuyIhchI any uoi,
lar OF less commcrSini Nniuc Woulu nc LTSuiucu
ny them rs repuuiatoh Vi .lc iu!l o '.
assumed nc poiius issucu Pl,oI 10 ~ Io'o WIZ
issued NJ llhe Whcn the Soiu u0l!ul was W., .nc
only com III circulation orcOhiehlPiasou ny cl'h-
or lhc Government OF thc holucrs " thc nphus
Us Tue com III when theS were 10 ne Pnlu. ~
Is lar pcuer 10 pay 'hcse polus III lha1 voin
than 10 seem 10 take advantage Oh inc uiioIe-
seen Iall Oh SILVER ouiiio' 10 pay j." u'" iS T
OF silver com maze 80 nluch less HHIuaple' ING
power 81 thc mica states 10 com money anu
To regulate NE value thereof ought never 10 pc