Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-02-27
LIE
TELE GRAPHIC.
PROSECUTION Or rREspAssEas ON
PUBLIC LANDS.
Sensible Remarks Of Senator Sargent.
BEN. BUfLER'S VERY PECULIAR
FINANCIAL THEORY.
He Wants \ Dollar OF no Intrinsic
Value.
lsrsorAL DISPATCH TO rHE Coin HUI
Many Nrval
lsrsorAL DISPATCH TO rHE Coin HUI
DAILY NEws.l
Busisrs.u, Run Mad.

Busisrism Run Mad.
WASHINGTON. Feb. 26.-Butler got the
floor on the House going into COMMITTEES
on the state Of the Union and made his
financial speech. Ho declared himself
for the full restoration Of silver coinage,
and that to mako silver dollars full legal
tender was honest, legitimate and do.
mandod by tho ~cxigcncies Of the times.
lie denied that 100000 900 In bonds, or
any such amount, had been returned from
Europe. but wished II were true. He
wished tho six per cents and all Others
would return. He wanted TO SEQ silver
and wheat sent abroad to pay our debts
and give US the balance Of trade. He saw
neither wisdom nor statesmanship In lock.
ing our silver up In vaults, and r~eprobated
tho withdrawal Of paper currency and the
substitution Of subsidiary silver. The
people were to DO taxed tho enormous sum
represented by fivo per cent. compound In
tercst on $50, 00O, 900 for thirty years. and
II tho Secretary of the Treasury. who
framed that measure had ever sat
down and made Q calculation. and
then foolishly cast that enormous
burden on tho people. ho ought
TO be hanged TO the nearest lamp.post
for malice toward all mankind. II he
had not done 30 he ought TO bc hanged Of
All events for getting into an onico which
Le could not all. We want greenbacks for
our currency and mean 10 have them. But
I do NOT desire tho greenback currency
should DO made TO servo the country ~ Il
has done-vilihed. insulted. deprecated
by the act Of the Qovernmentitself-bein
refused not only TO be received for all
debts duo the Government, aud not oven
paid for all demands due from the Govern
inent. Tho American system Of finance
which will obtain In the near future. and
I hope at once, which I desire Is: First
A dollar that shall havo at all times q Ger.
tain fxed and stable value, below which II
cannot 20. Second-l demand that the
dollar shall DO issued by tho Government
alone In tho exercise Of its high ~prerogative
and constitutional power. aud that that
power shall not be delegated to any cor.
poration or individual any moro than
Charles ii. ought TO have delegated bis
~prerogAiive OF stamping gold coin for the
benefit OF his paramours a. . monopoly.
Third-I want hat dollar stamped ON some
convenient and cheap material OF the least
possible intrinsic value, so that neither
the wear nor tho destruction will DO any
loss TO tho Government issuing u. Fourth
= also desire That dollar TO DO made OF
such material for the purpose thai 1t shall
never be exported or desirable TO carry out
Of tho country. Framing an American
system OF finance, i do not propose 10
adapt II TO tho wants OF any other nation,
and especially the chinese who arc nearly
one-quArter OF the world. frth-i desire
that tho dollar 30 issued shall never be
redeemed. i sec no moro reason why q
unit Of measure oi value should be re-
deemed or redeemable than the yaru-shck
with which l measure my eioth OF the
quart with which measure my mix shall
10 redeemed convenience
only 1 propose tnAI 'no uoiiar W ,ssucu
shall be quite equal 70 or ii'ue peI'cr
than the present value OF inc sv.rass
gold dollar OF the world; not " 20 chAhHeu
or changeabio' IL the goid uoliar grow
lower In value or grows nigher; moi
TO DO obliged to conform itself In value IN
any regard 10 tho dollar OF any other nA'
ton Of tho world. keeping itsolf always
stable and fixed. so that when tho property
Of the country adjusts itself TO II ~ a
measure Of value II shall remain = fixed
standard forever /; but II II Is over changed
II shall change equally alike for the cred.
itor and debtor. not a. tho dollar based
upon . supposed gold value, whose changes