The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1878-03-15

INC Aiossoo"s vesy ~ wv SNSsk-oAn
no me Housv ~ Representatives.
After very careful considerable - Ir0nse
bill i.os3. entitled An act "a authou1c the
coinage OF the standard silver dollar< bid 20
1ie oaJ sssSn i isso Tie iioaro
''1iNesh Which h orisinatq with ~ Oh.
ie<Hicnp "a ~ pa-sage.4 Iioll DIG the 11nion
nslther the INTERESTS Of the cosernml i nor
sas s.s$SS q sss Sss = sf
coinage Of the world, and that ie4iaJa
tion which looks 20 maintaining the
volume Of intrinsic money 20 ~ fun
commercial values will permit would be
neither unjust nor incXpcdcnf, ~ AQsJleen
my earnest desire % co1it'1r with yqnDa& In
silver coinage Of the country would not
paBiS o. sn ps asc sns me
Sas ssi sra = a Sa SRSns i"
noa frS% ssss 1ss ws o.
iensio mtg IS the RI y spesc "Ssesons iot. pass
justify me n ask ling non, lie wisdom nd duty
bill for which the Contribution has IN snch
TheSin rr6vi,es sor she coinage Of silver
dollars Of the weight of <l2h grains each Of
standard silver, 10 be a iogal tender to their
nominal value for ali debts and dues, public
and private, except where Otherwise express
that t TIC market Value ~ that Number 81
grains az standard silver during the past yegsr,
has been hom@ e =, cents, as compared WIN
dollar authorized by this bin = worth from
To- " per cent. less than IL pufportss ~ nc
sbsS iSs esa S snS os er aSG
such coin ~ lawful money. The right 10 pay.
duties IN silver or IN certltcates oi silver Dc.
,,n,n,,,,r Il, c,rcua,s n,,t 4 I, and 10 the rdccf,s
Of the revenue in gold, and thus compel
the payment Of silver tor both the principaf
aud Interest Of the public debt; si,la3.sgSt0o
sued previous to February, 1873, when the
silver dollar was unknown In the circulation
form my II silver bullion Tor sxporsation Sss,
i4O. $50 of the bonded debt has been issued
since February, 1878. when gold alone was the
coin for which the bonds We're sold, and gold
alone was the coin IN which both partiesto
the contract understood thar the bonds
would be paid. These blonde entered into the
markets OF the world. They were paid tor in
gold,whcn silver had greatly leprccistcd.and
wbehno ,neN ouid have thought them ~ had
been understood they would he paid IN ~.
vor.2 The suni Of ss25o 1900 o. those bonts
has Been -oia during my Admiri ~trAtfpn Tor
gold coin, and the United states received the
benefit OF those sales by a reduction 81 the
progress of these sales doubt was suete<t-
I'd a. 10 the coin In which payment 81 tne-e
bonds would be made. The public announce
ment Vac thereapnn .antllofizaq that itwHs
not 70 De anticipated that any further legIsr
lation of Congress, OK any action ~ any Ne
partment ~ the Government would sanction
or tolerate the redemption. OF the principal
OF these bonds or the payment ~ interest
thereon M coin ~ less vaiuen thnn coin au-
thorized by law AZ the time 81 the i-su" "f
bonds. being the coin ENACTED by the Govern
Aent in exchange Tor he spuea
In views OF thess' facts, IL WI 1nstly b. zee
garded as 4 grave breach 81 the pubic faith
flrtsaa ftls
interest, IN silver coin. worth in the market
less than the coin received for them. IL y
said the silver dollar, made a legal tender by
this bill, viii. .pnfier its operations, be rduiN-
nfcnf III vniue't 70 tile gold dollar. Many sup
porters ~ the biil believe thi- and would
not Justify nm attempt "a pay the debts, either
public or private ~ "a cola 81 interior t,inc
10 the money ~ the world.
The capital defect OF the bill T. that Il con
sn. no srs:gs . r. ss sSs
which Il creates shall continue 20 be Of less
value than. that which Was the sole
lfs is"a now wse ocossd s"r ne s' purpose
~ taking advantage ~ NC depreciation q
silver III the payment ~ debts, 70 coin and
commercial value than any dollar whether
Of gold or paper. which l. now lawful money
r. tsis county s1en m =, ~, Ms,l &c z,
rnankind be AN act of bad faith. a. 10 nh
debts hcrctOforr contracted the silver dollar
should bclnadc legal tender only AZ - .lnhr.
kfI NUIUf. Inc rINNtfitt vi fNtHt <titfttt' NV
be changed without the consent of both par
ties to the contract The National promises
should bs kept with unflinching fidelity.
There T. no power ~ compel a nation % pay
its just debts. it, credit depends ON it, honor
the nation owes what IL has ted or allowed
it, creditors 20 expect can not approve
bill which. fn my Judgment, authorizes thu
violation ~ sacred obligations. Tie obiiin-
T. tion Of tine public faith tran-cend- All aues-
tions 81 profit or public ndyrntags ~ m
questionable maintenance T. dictate, AZ
well OF the highest experience a. Of the most
necessary duty. and should ever bc carefully
tie people. r. Is my firm conviction
that Il the country Is TO be benefited Wy
silver coinage IL can be only doneby the issue
Of silver dollars Of full value, which will de-
fraud no man and currency worth less than
II purports 20 be, will. in the end, dcfraud
not only the creditors but all who are en-
\ gagged in legitimate business, and none nlure
assurcdiy than those who are dependent on
their daily labor for their daily bread.
fSigned1 RUTHERFORD u. iIAiRs.
Executive Mansion, February -. ISIS