Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1878-02-08

world. coined onlyI ~ such hmltPd
amoesls - % b practically unknown
b the people and either exported O.
melted for use ia he ppOd1etiea q
wcrks Of art
"No sneh delusioa ever catered ths
TAinas % this people, and 90 such dec
tFines in my judgmeas. win commend
their thoughtfal approval now. eDnr
eur in The conclusion Of DR., Lindermam.
supported ~ Il i BY ell Concurrent tes-
tiInouy, that
!. 'fhe general understanding "a home
and shFoad hes been thai the mosleg uf
coin payments In this country aince
1884 ives gold, and that when the word
coin was used In ecunecaion with the
snennfal arennneIiQnsogtk he Guvefumene
u meant geld ceia. " ssaAA.s sss
Alr. Wbyee aads that he knows No
expresses the sentiments % . large
majority 0f the people Of Maryland In
assisting upon che fun discharge Of ell
the Obligstions ofths oOvsFnmehl 10 the
public creditor. f tsR
They have been educated By che
hardest taskmasteT, greet and unpro-
6table public debt; bnt Il has been In
the highest school Of financial Fectitnde.
To doubt their 6delity now TO the stern.
est demands Of an honest payment OF
the nationsl debt would be 20 SANDER
the living and bring reProseh upon the
memory of the dead. When, N 1870,
the citizens Of Maryland fully aseer-
tanned their large Indebtedness, created
for purposes Of internal Improvement
which had realized none Of the hcpes
and expectations Of their projectors,
they turned to its payment with indOm-
table courage, and by the imposition Of
system ofgrinding taxation they earned
tor her Q name for financial honor un4
surpassed in brightness By that or any
OF her sister States. 3, ..t.. ...
Financial missionaries may 20 among
them teaching 'damnable heresies' 60
which they are unaeeustOmed; brilliant
orators Tor . moment may cloud with
glittering rhetoric their eIesr-sighted
vision, but the native honesty which
guides their public and private acts, like
the sun obscured Tor awhile by The mists
Of the marshes, viii surely appear more
lustrous than ever"
In conclusion. Mr.. Whyte said that
be was not opposed TO the coinage Of
silver dollar under proper restrictions
and Of interchangeable value with gold.
But the proposed bill will nos effect any
such thing. and Il has already been con-
demned, in the shape Of itS prototypes,
by history, and by the wise John Locke,
in one of his most memorable papers.
"Mr. Lowndes, Secretary Of the
Treasury and member Of Parliament
for the borough Of Sealord, was the
leader OF that party Of finance in
England Of which the author OF this bill
is the leader here to-day, and Of his
views and teachings let me give you
an idea in MscauIsy's Own words.
81 read from page sos Of MacauIsy's
History. Speaking Of LOwndes, he
says'
"'He was not In The least aware
that piece Of metal with the Kings
hesd on q vas commodity Of which the
price was governed By the same laws
which governed the price Of piece of
metal fashioned into spoon or buckle,
and that Il was no more in the power Of
PaFIiame nt 10 make the kingdom Kicker
by calling crown apOund thanto make
the kingdom larger By calling Gurl0ug
q mile. He seriously believed, mere
dibIe Is Il may seem, thHt, IL the ounce
Of silver were divided into seven shil-
lIngs instead Of Eve, foreign nations
would sell a. their vince and their sllks
for . smaller number Of ounces. He
had considerable following
"Lowndes evidently was the psOaO-
type Of the one Who has the following
here to-day. thOagh do not spply the
language 70 bis followers which Msesu-
lay used"
he had considerable following,
composed partly Of dali men who real
Nv believed what he told shem and part
" Of sbeewd men Who were perfectly
willing 20 be authorized by law 70 pay
. hundred pOdnds with eighty. Had
his arguments pEevsilsd the evils Of .
vast eon6scaiion wonld have been sdded
70 all The other evils whhch afflicted tAe
nation; public credit, still in its tender
and sickly infancy, would have been
destroyed; and there would have been
much risk Of . geneEal mutiny Of the
feet and army. Happily Lowndes was
completely Fefuted BY Locke in pa.
per drawn up for the use Of SOmers.
= Flamsteed, the astronomer royal,
described the ecstT0Sefsy well By say
ing that the point in dispute Was wheth-
eF Eve vas six or oaly ave-. >