The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1878-12-13

" stipulated In the contract. ma .,,.
tass .vin issued VIII more properly H. sta,sn
nctrnitsr. hut IT. effect upon the prol.,....'r 1911
resumption should BE- here cons,d.'r. s,n'''n' o.
The law itself olesrly shows thai nv,
uoIinr WAS nos 20 stpersedo the roid d' n,,i'e'
ssand"rd o ~ rssp propose q adopt the sinr,
metallic standard Of silver and roid ~ ~. = ~
value ana equal purchasing power. Con ,,, .ua
lars ~ ~ nn ,ns1 ahs amount q silver dol
~. no, NOR. than four millions per month III,
uiu NOT limit the aggregate AMOUNT M ~, Ky
shom,d c y. une during which This coinage
s s'a ~ the dollar, ~ the date III the nss
Snge q the act, was 9sx cents in voId ,lr 60
w Nav , :. y an1ut y cents In gold coin II i,
instead 81 the gold standard, the sslnonnf NM MI
Niucd Tor Il totally Inadequate for ~ ~ ~
pP,sci Experience, not only In this country
that certain amount OF silver coin na,sa
maintained In circulation M mar ,xs,h = "
y. OF less intrinsic bullion Val.
o. Congress to provide r",n 'i"n
silver which would answer a ,nn1,,,.. ~ 70
NJ ,ne purposes 81 business life without ban
Sung iiom circulation the esfablis hed 800
COIN q the country. To accomplish fb,ss5.su
indispensable either that the SILVER cain ~,
,,l N amount, or that iis buiIion va,ns
use viii be limited 20 domestic pur,,os.a ~.
can not be exported except az its % inmerc,a,
naius ~ bullion II issued In excess ~ Dc.
i
riiy fall in market value. and hr ,.essa 80,
known principle OF finance will becoma, ~
s"i - com standard of. valss. Gold win IL
r r,msa n1a.ueI or exported. "hcn two cur.
''rn.iesi ooth legal, are authorized withon,
limit, the cheaper alone will cirs,,lsta ~
however, the issue Of the silver dollar u
ion. tSe - M t amount demanded for circula-
convenient use will Keen them ~ nar .,,h
'ulu, ~ fractional silver coin, issued nndar
= p a.. x npPr"ved February a. lass. was kept
The amount OF such coin that can tina \.
maintained at par with gold can NOT ~ fa,,l
z, "a NJ, mnu. resumption Il accomplished. AZ
g. paper money has been Deprecated and
,iser dollars. being receivable for customs
ucs, nhve naturally not enfere into general
,lcu y. lion. Dut nave returned TO the Treas
~ ~ payment OF such dues, and TINS fhe
my enect 81 the attempt OF the Department
circulate them has been TO diminish ~.
oiu revenue Alter resumption these coins
ayments To the extent that such demand
III give employment 20 silver dollars fheir
~ : viii pe an aid q resumption rather than
nlnurance. but II issued In excess az such
emand they will nc once tend ~ a.
hcc Koiu and become the sole standard
NO. gradually, a. they increase ~
ampSr. viii fall 70 their value as bullion
sen .nc rear or suspicion Of such ar excess
nus 70 Danish gold. and, II well established
~ cause . continuous drain OF gold untii
' Y, ~, EN- necessity viii compel resumption
uical change in our standards OF value can
= DC exaggerated; and its possibiIitv viii
catIy disturb confidence IN resumption and
er sales Of bonds
rhe Secretary. therefore. earnestly fnvokes
httenuon on Congress to this subject
IN view that either during the present ar
next session the amount Of silver dollars
De Issued be limited. or their ratio 10 gold
coming purposes be changed
The secretary deems Il proper To state tha.
the meantime, In the execution ~ the law
4 now stands. he will feel IL TO be his dntv
redeem all Uuited States notes presented
ana after January I. next, nj the once ~
Assistant Treasurer Of the United states
the City OF New York, in sums Of not less
IN so, with either gold or silver COIN As de-
ed by the holder. but rescrving the legal
lion Of the Government: and 20 pay ont
ited states notes for all other demands on
Treasury. except where coin Is demand
on coin liabilities.
Is his duty a. an executive officer TO
nily state his opinions. 30 that IL he l. in
or Congress- may prescribe such policy
= best Tor the public tntersts......