Ottumwa weekly courier., 1878-07-17


commissioners have been appointed,
two of them are gold bugs, and one
Of them is democrat, . silver man
and the two others are gold mon.
Three of them, and two in favor of
gold, or q single standard. 1t irri-
tates Clarkson, and he says there will
be triumph Of the gold-bulls. Who
made it possible for the gold-bulls TO
triumph? William 3. Aliison!! Hc
was the man put that amendment
to the bill providing for the commits
sion, and it was done for that pur-
pose. That is all stage rant on the
part Of Clarkson. He knew the Oh
ject of the amendments very we'll, but
he knew the appointment of these two
gold huge, would not be very popular
in this campaign, and he turns round
to Allison and says, "Allison, you
ought not to have done that, you
ought to have waited until after the
election"
Now you sec the object they had in
those silver certificates. You could
put your silver in the Treasury and
get silver certificates for it. Those
certificates were legal tender for
dues to the government, but not be-
tween men in the ordinary transac-
tions of life.
The silver goes into the Treasury.
but does it ever come outo There is
here and there pocket piece--only a
million of it yet in circulation. 1t
was done for purpose, and that pur-
poee was to keep it there until this
European Congress had sat and
agreed on the dollar, and have 1t re-
ported back to this country and have
it ratified by q treaty. The Congress
says that treaties made are part and
parcel of the law of the land. Now
. what will they agree upon? They
will agree on four hundred grains in
a dollar, and that Silver Bill you pass.
ed will be repealed, and all Sherman
has got to do, is to send his cart and
wheel back his dollars of4l2k grains,
and get the dollar agreed on by the
Latin Union. You will not have a
dollar of 4l2ha grains. There must
be some reason why Sherman wont
pay out the money. Sherman Gays he
wont pay it out. Page 3S of his tes-
timony before the Finance Commit
tee, he says, GAS to when shall COM
mence paying them ont for the current
expenditures of the government or in
payment of the interest or principle of
the debt, l cannot tell because that
would depend upon the equality of
the three kinds of currency Is there
word Of that kind in the law? 1t
does not give him the power any
where-the power to withhold this
money from circulation. This money
is as valuable as gold now. 9-1O of
the people are in favor of this money
being put in circulation, and Sherman
says he cannot tell when it will be put
in circulation. Gas to when l shall
commence paying them out for the
current expenses of the government
or in payment Of the interest or prin-
ciple of the debt cannot tell, because
that would depend upon the equality
of the three kinds of currency-gold
silver, and paper. do not know
whether make myself understood
but that is the general idea l have II
my mind. As q matter of course, il
being a great discretionary power
which YOU have invested in the Office
of the Secretary of the Treasury
while hold the Office will be yer,
careful to exercise that power go as Il
carry out in good faith the law a
Congress has passed it. And that law
think contemplates that gold, silver
and paper shall be all brought on Al
equivalency."
That is the reason he don't pay
out That is the reason that the NJ
Pleasant journal calls for Sherman
impeachment. Ina recent article,
says that John Sherman ought to b
invited out Of the republican part
for, in his inaction in regard to tll
silver question he has done that whic
should cost him his head. (The articl
from the Mt. Pleasant paper was the
read Now this is one of the leadin
rcpublican papers, and il calls for tn
impeachment of Secretary Sherman.
Who has prevented this money frOl
coming into circulation John Shel
man. have Allison's speech closin
the debate in the Senate of the Unite
States on this question. Let us st
whether 1 am correct on it. Mr.. Ba.
ard, Senator from Delaware, inte
rupted him, making quite lengthy l.
marks and we will read his question
'Let me ask my friend from low
would he vote for bill that shou
place us..upon the basis of the Lat
Union as to the relative value of Il
two metals?" And here is his a
, swer: "The Senator from Delawa
, asks me If would vote to-day for
bill which should propose the coinsl
of silver at the rate of l5R to l.
!, unhesitatingly answer yes and If tn
bill is to be amended 80 as TO prOvit
for free coinage it ought to
q amended so as to provide for q fr
a coinage at the rate OF four hundr'
q grains, instead of 4l21a."
: This is the speech OF Senator AL
4 son, and he has through his amen
q mcnt, limited coinage, and destroy,
. FREQ coinage, and provided for the
v three commissioners to 60 to Euro
: and negotiate with the Latin Unio
i for they have precisely named in I
q law how many grains they shou
# agree on as being in the Americ
}. dollar. He would Say that would
h all right. II tcould be all right If I
n national debt was to be paid in
# But I will read you farther. a
d Salisbury asked him: "Will the Sc
+ ator allow me to ask him whether
n we had a dollar of four hundr
# grains, any part of the coin would
4 used to pay the interest or principle
4 the national debt2" Mr.. Allison sal
;c ''It that were done, the law of II
stands directly in our pathway, q
that provision was inserted in the l.
of 1870 to cover the exact cont:nger
II named by the honorable Senator fri
I, Delaware" The public debt was
II, the law of 1870 exempted from
T. operation. There you have it in
It closing speech. It must not be
at dollar of our fathers, but it must
TO the dollar of four hundred grain
ID that kind of q dollar. he says shot
o, not be used for the payment of
ID public debt, or any part of 1t In ex
sn ence at the time OF its passage.
ns That is the man who is responsi
ID for this legislation, and who is opp
ae ed to this dollar, and if we must h,
IN it, it must be dollar that they hi
1t got in Europe. Providence has
g..