Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1878-02-06

= trining In comparison with the ,uo,
: NOUS loss thcy suffer by the wbol
!. trnnsuction. Nor is IL 10 he suppos,,
o thut the holders of the 3 20 6 per cen,
= bonds would surrender them yoluniu
/. rlly in EXCHANGE for bonds of n less rat
!. ofinlerest. unless they knew they wer
. getting bonds of hiphrr value and wer
4 10 reup substan,iuI advan,ay.a he IN,
) operution. To draw a different concl,,
9 sion would bo TO reverse the well A.
/. cerlained laws of human natur, Tn,
archives of history NAV be ransacket
f In vain to find single instance wb.r,
E "A moneycd investment relinouisbe,
, without compulsion snperior for AZ
/ Inferior security, Such a Thing wa,
never known aud never will be.
Wb.n houa,or ,h;s ;so,ohoro,olo
eor ,ha d.s,.n,,,;n, 20, 80 H. 80. e 's,p' ,hs
,,eo,le m REGARD a. ,hs w narraa, @ - ~ ~. ~.
4 X % bonds ras sunnosad - h',' all
, ed when The goiawavs ~ ;ns,;co a,
law and az nnbl;c oorai;,, III aI, 49,
closed and douhl, harr,3 and l., h,,had
ngoins, ,be ,oxnovers hy ,be renmd;
n,iny nc,s of MarcI 1890 al q, f,J,.
1870 did ,be nra.,;c. ng had c,;,h y,
the part Of the Governmen, t,ward ~
own citizens stop even thenY A final
ity appeared to have been attained.
Proclamation was made in every Quar-.
Ter that permanent settlement had
been reached OF the manner in which
every dollar Of our national debt should
be paid. We were constantly remind
od IRON that day forward that no law
abidiug. honorable citizen would ever
again seek 10 reopen or aeitate tie
question. The b0ndholders were for
the time being content, but they did
not remain NJ moment longer than a
new opportunity presented itself for
another encroachment upon the heavi
" taxed industries of the country. By
bnih the laws of March, 1869. and July,
1870, framed in their interest aud un-
der thrir dictaiion, it j. 30 plainly writ.
ten that the bonds then outstanding
and aitcrward to be issued were paya
hlc ~ coin not IN gold alone, nor In
silver nlnne bnt In cnin--thaf !, ia i'm.
nns.;hI, a., onn.,.a, ..'.s,n,
'" eo"''"oV an "'B""'e"t
/ against the proposition.
t.l..d :, Z. IL, ...i,.. l;a
'"''N"' " - "'i"TV '1na'y "inVuit
10 make an argument in ITS fnvpr, Tor
"A truth TINT is self evident does not nd
al, ,L,, ,.,I;o.,, ,,t.,.J. - .,.......,. =.
'"'' '"o w .'0.n"u9 VI 'o"Nun ih
lis AlllDltt N tnH urHt stHlIDn nl tho
act of july II, 1870 the bonds therein
,u,hnri1.d ,r, ,n,,da ar.d.,,.,,,,hl,, Il,
=,
WI. ~" W Wv l'Icv La r'"ua'" Na,uo ,,
Wa, h", 70 ,,' IL so "',o & ~, .oS',uo''un s
10y ~ W." ,',a., "o'0 an, 49, nu'n WV "a"
20" '"e Seot.,. Io.h,,., 'a'",o oo'''"e w '''V
,. wv" ~. u'o''" ,r 'no"'l"E w u"
Nu"" n"a w 'e'"' oo'n npea'is "
"iet,o. -, :, ~, WI ~ 'ae "so ;" .ne l,reo'Vus
n'e'"'' ,, ~ ''v ua'I Ano oo'''''o'oo !, ~
W. "o'''. -'e''' '"~eNe', y We u,u
w. "u" w u''','" =" 'e'N q e''' i''a'''
- """ "'.a. .AP'''., ga a''vs' Ho
% Geo ""' ~, t !" ,"'" :" '''e ny !" na'.n'
'ooS. :. ~ uvo'"i'7 us o''eV' III '"' 'o''
""'"E '"''S'"So'
,"a' '" s ",' '." o 70 ,ems N.y Souh. 70 70, tne ~,
u., oLlig ,inn, 10 the public creditor, asd Ia set.
tie e~naie'ine questions and Interpretations II
'ns 'ss, 'y sl''o' o. which ,uen eels s,'ans eas'
Cd lhs, tho fanh Of the Unitsd states Is ,olomnly
pledged to lhe payment. in coin OF It's equivalent.
~ W. ,ne ~ 49,, ,1s .s'sa a,"s IVY osa,
~" - a.s, s,s..~ ~ ~,
~ So .s. ., y. " Wy
~, s,s 40 A., :" ~ ,.,,;'.",,,
i,.a ~, ~. ,ssI H. 80 H. ," rf
dmr m other currency M Than rold and .ilscr
False and perfi,lious as this law il
known To be. vet Il has at least one
merit. IL Is absolutely clear and un
ambiguous. If human lanvuaye can
~ t. a. ,o,,,,, ,,,o';,,,I
W. nlhue W 'onNVy an "heq"Noca'
meaning, then tins law pledged the
fifth of the Government To the people.
and IA ma yo,Id Gor No ,,.,.,a,, q,
nv" =" ,"' "o'"' w WV pay ",o"V y,
~ ""'N'"' 1917. &C.. :" gu a''' ''s.'
- - '"'o " .u, oou..' ''u"o'1', ~ nau-
"'e w ''"o ',oan''g " a Jaw unuer
o,''''u.' ',' "''o"' w. 'oso'', u neeerSa'y' :"
'"o oP','''n' W '''so " "no"' u was
s''ao.eu' ,.'",' - VIZ uo ~ :" 'no l,resvn'
'.S,",o VIZ n'o W. Iy rrwhrue" ny
,"" , ",soo'eiles ., Within , ,,'t . ressen,
"vn, ~, 'no" ' ..', u .,e""'o' ,,"'n ma'"., aau
" " Nv ,,so 'ers,u WV a. o.,re.a,, s,, !" c,,, 'n'
=
h'g '"'e""Go'
si-, mont what said and the Congress Of
the United s II maanf what h said. that IL w.,nld
pay 40 many dollar. VIVA, w,,' dollar a
,e, w esln' w. '""'' y >" y M gu y -
S...tor Mortun. whcf pleading her,
for The tnymrnt Of the bonds according
Ia ,h, or,,in,l contract mall, ,hc
toIlow,ny statement. er
40, -. y ....-.-.,-l Al.
Mhrn you rr'u'n 70 tPeoe Psym'hu you nave
n"'hng )" ply anl o' your bonus WIN hn' ghh
or US elnNhe"' mn 'nerel"re Tue exception mere
IN iaser " bonds payable expressly IN currency
inv ,hsn bat r,ia md silver With which TO INV
ihe,r boni'. d II
But the evidence on this point wonli
mn he comnl.te If | did uut cali S,nn
- 81. .'i
VT o"or'ia"i w" oeVrS.a,y y, tno
Treasury, 10 reinte not Only all thu
present enemies of silver aS a coin of
legal tender but especially 10 rcln,.
and coniound, as usual, his own subsc-
qnent views. In his recent report on
The state of tho finances, now ON our
tables he says
Ir,he market value Of the silver In the new coin
. les than the gold dellgs a forced psymsnt 10
me, ,ne ~" s''n Is F" 'ePai'a'oo OF part Of the
~, ,..,,,a;.,;,,,
,;.'..i M IL, ~ y ",'oI '.l''',,;, ~ pay Nv Wa 10
,p'I' '.'' p.V' y ""y I"i's oua s''a' "a'
ECO ~ ',. ,,..' w. S '"V ,'...s'. 49, .%''v
,h,,, | ,ir'', % ha ay,l";m,'d ''"s' ."
"ws ,',.s ~ ~. 20 - ''''N ,n, /
simply saIeuu % pleiSo i" of ,so u" Tr,"d % s,.',.