Evening star. [volume] (Washington, D.C.) 1854-1972, 1878-10-24

very small fraction OF the best coin issued from
the mint Then, the bond holder received gold
and the lahor1ng man deprecated paper money.
1his distinction was made necessary during the
war In order TO sell our bonds. yet IL was mat
ter OF complaint that this discrimination was
not removed as soon az practicable. This II
now almost accomplished, and who would de.
sire II otherwise? All money should have equal
Nalue. and the best standard Is coin money. L
DO not say that coin money should be the only
money; Tor believe that paper money equal to
coin is. for current purposes, more convenient
than coin money: but the only test oI its equal
ty 10 coin Is that IL is redeemable I'm coin on the
demand oI the holder. have no wish 10 enter
upon the contTuyerted political question whether
the best mode has been adopted 10 bring this
about, for upon this point we might honestly
differ; but upon one point I think We can al
agree. that having gold. and silver. and paper
money 80 near to each other. we viii not allow
the gap 10 widen again. but that all money
shall be Of equal purchasing power. ~ that the
itch and the poor, the bnnd-hoder and the note
holder. the landowner and the laborer. may
have, aS he chooses either form OF money for
MS labor and productions. | am frequently
asked whether We can maintain the equality
o1 this money after resumption. | SAY. with
out hesitation, that we can do ~. out We
must not force the issue of either form OF money
Mheh itS convenience, the popular demand for
H. ana the separate Uses for which IL Is de-
signeu, VIII not keep IL at par with the other.
IT nderthe resumption aci Of lS7S the mainte-
iiahce oi resumption after January. lS1a was a
very easy problem. Ii was RESUMPTION upnn
sSeOee,Wo Inited States notes. and upon one
".
resumption upon 6.oOOooo uf United States
notes. IL Also requires resumption upon gold
ana silver CON- hut the bullion In the two coins
Il OF unequal value. the silver In the dollar beiny
worth. in gold. only eighty-three cents IN the
market value OF these metals WAS nj or ahnur
the relative value fixed 10y law FOR their coinage
resumption IN both metals would bc much easier
than III either IL would be very easy To resume
in silver dollars alone, but Il is reSllnntion I'm
gold coin, as well as silver. that Is provided for
by law as well as ny public policy The COIN
ing OF S2U0o.0o0 monthly OF silver dollars OF fun
legal-tender Is disturbing element which we
cannot now compute. We can only hope that
before IFS issue is greatly increased. congress
Will either limit its amount. or make II contain
enough silver 10 he equal in value 10 gold
We have now in circulation S:s46.oa0o00 OF
greenbackS. OF which more than sixty millions
is held in reserve. We have now Sl31. .oo0 600 I'M
gold and silver coin and bullion In the Treasury
over and above all other coin liabilities. 10 re-
deem any notes that are presented. II * b-lieV-
ell that the superior convenience OF paper
money for all the uses of life will make II naSS
readily I'm preference 10 gold and silver as long
as the government shows determination 10
maintain IL at par with coin. and III freely uSs,
It's ample powers for that purpose sold is now
coming 10 us from Europe for our productions
we are now buNing gold and silver in North
Carolina. colorado. Nevada. California and
Montana al par with paper money and our
mines are now yielding annually one hundred
millions OF precious metals To reinforce, our
Stock. We nave a. a supplemental or ancillary
paper money three hundred and TWENTY-FIVE
millions OF bank notes. absolutely secured be-
lb>~, ISSUED
tered through The country. and ahundantly able
10 and required To keep their notes ~ par aud
II they fall win assets in our hands ample 10
hiaht iheif promise Good | Therefore say with
C"hld',nce. that. unless the people prefer ire
det'maDie money. We win have reieenabe
money n par With coin. and THAI viii ha sold
com. unless the people demand that silver coin
ol a klld less valuable than gold coin snail be
Issued in such quantities aS to drive out of cir
culallon gold CON. and thus become the sole
standard of value.
But the brightest promise Of the future *
ulat our people. inhabitlng the fairrSt portion
OF continent fresh fOr profitable labor. are be-
coming day bN aaN one people. united in hope
confidence, ana flateriN-that the jealouSits
dlSSenSloES. and sectional contests of the past
are disappearing. Accused DE- the man who
would reopen these disScnsiOnS, or would deny
10 any man the free and equal and peaceable
ENJOYMENT of any right given To him by the con-
sltutlon and laws ol our land. Ii il only on
TINS platform we can build our hopes for the
tulure. III We can all stand on this there is no
nope on aspiration for our country We may not
lndulSe-peace. plenty, and prosperity: liberty.
equallIN. and iraternty-the law as our master
and guide