Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1878-12-05


o,., .,,,,. avn,
yer com psoviaea WAS or WIZ M"s
4eRAl senGet .os nSo o,o osas oA4y. .Io "os or
proved feoruafy 20, 100. aasue very n',n
\ cnahse 10 our coinage system. INC sseI uo 1
provided for WAS made legal tender ior al debts
PuoilC anu ptva!e SAcepS Mneio N.Y., U'no,"aso OK
peessly s'ipuateu NJ 'ne oons.a: tue ., NV
US ovs!. t.s"os. wa. ole p.oPo.'y oo e.e
a.teE, oat us enecs upon .ne pfooien' " res"'np
! '1nm snoulo 10 mere constuereo. A..
uo law i'Sem ,s tnI M 'uo s'1 az
"as ~. " W.. eol.; uU ;i
s.ess ptopose ~ "uop. 'uo s'hHto n.anatu Va 81
W., "ut on1y ~ eie"'o y! lot"A.io " , "
et's! "uu ao'o' Va eH1"' ,"'u. 90" :H f -,
enasnS row ;' oonE,s 'neieiE,e, - "nt .n
anouut u s,!vei uo'tais " H.. 10 o4i,' Observation-Disclosures; ~.
.oan wv .li'i ,: i1 1it 80 t ' 20
~ o't' '.' ~, ; a ' ." as6 ,ia ;, ~
hitS 'un INA nars.t VAIN. ~ ma siI1
~ tr aIin ~ tho data ~ fla rassnno ~ tha M,
n,, t a,t 49,, Nnu T. 10 rSo,,t ~: oa'.r
Nv "S ro,a cnin IT il wos ;ntended Nv conaress rs
ad,5t ths siixar ;nstocG Of tbo .old ct ,dard nc
sn,n,,nt rrov;dnd f,r 10 .o1a)lv ;nadennato ~,
az Tno ""t i 1 us'ao o, io'
NV M ;% Erropaan no,,n,r;aS h.s astah,;shna
that certain amount Of SILVER coin may be
!na!utalueu III clicuia'ion a. par WIN soltl'
thousn o1 less intrinsic pullloh value. II was,
no oouot the lntentlon OF congress 10 provide a
com IN silver Whlch would answer multitude
o1 me purposes OF business life, without DANISH
ing from circulation the established gold com OF
the country 10 accomplish TINS 1t Is lndlspen-
amount OF thAt us pulnOn value % equal
TO that OF the gold dollar. II not, Its use
Will De llmlteu 10 uOlneStlc purposes. 1t
cam " % exported except II lts commerclal 'a!ue
as pulllon. II issued IN excess OF demands for
domestic purposes, it will nee ssarily fall in mar
a Ne. saiue, anu, oy well1hhowh prlhe!ple OF
value. Gold VIII De either boarded or OK. 'orted:
Mnen TWO eurienoles, noth itsal, are autnorlzed
"ltnout Hihlt, tue cheaper a!one VIII circulate. H.
~, "" ",Ho,,N+ Iasna ~ to ;Iat;. t,nra @
lssI tnan, at 49, ith onid W tract;o,I Ss s,"nr
@ ;a',a q. psi Wv. "'' as G,, ST. W
1ss. ws. tant ~ nsr NV WHY one1 ""'' ~
rn nut ~ a p svn,, o,;" :, 81 IA, ,,,, I've
luz aiuoun. % Sueu s s'in ,rat c' a. us ue
NAN a. par WIN Sosu .'nnut po larry 'est
| .. 49, n H, 80 , ., .ps'". "a ~.
pIrs no Wy no. Tn so I,. ssvi a
| o"liars oe LIZ reeeNaoie 1or customs u"ts, nave
naturally not entered INTO general circulation, but
1 @ tn ~ 49,, ,ae ~ " sueit
n s ~ GS ,h W N.Y. n ' - ~
.n ai " MN nas ut.h ~ a.
iiiusn we soiu ie'enue. Allcr resu'up.lou thcse
.is w.. ~ , ~ 49, soius ioi sniai '
A - @ 'toa' ;nav ".. ueiii 'nu ~, !" ~
H.a ;,1 no ~ ia .. "o'',s's s,,,,t ten
u usn W. w. " ~ "Io 20 90 rsuuup,'on
eScess Of sueh demand lue, will If oncr tomb ~
, " sren ui. VII a. o,ict .tilu ~
urspaen Roio duu become tine sole sanuara: ana
tLo;r vai:,a 10 i,,,i,ion Evan tho tor wv s,,,,; ~
At s,,ch mn excess tends to bnn;sh yoid NM, IL
Well established, will cause continuous drain of
,"nII uutii imnerativc necessity VIII romnsl w.
sumntion in silver alone The serons affecta of
snch a radical chanoe in orr Standards - vs,no
cannot be exaggerated: and its possibilitv VIII
gra,tlv d;stnrh contden'.o in resumn|ion ava mo-,
mo'.a necessary ,aroar reser,,.s onh tr,,n s.I
of bonds.
rhs Secretary. therefore. earnestly inv,kcs the
ottant;o,, of ,oH,rsss - 81; s,,I;at i,n y ;
tba+ ;,h.r ,nr;n9 ths ,,resant -. 80 W. w"
ths amnunt of sivnr {nl1ors ~ IVA ;ss,,1 he I;,'l
;tad A. ther r,t 10 ~ cold for co;n;, "uns. h
,,,ann.,5 7 ~ o ff "
wy anu stiser nase valleu aloii t1e 10 l.ie m
- ne nisto.S " ha.1ons anu Avs na'e peen PASSED
~ ne.' sn.s cnansiuS Halue. ~ our country ny
~ Ie' y! apr. ~, tao la'lo oe'Meen 'ne1l was
AAt" ~ one - Eviu W n1''eH VI sl1'er' by the
aot VI yuae 20, 1eos, eae faslo Was cnanseo 10
one y. euiu " sixteen OK sAser. ror more IMAM
red soa theso ' t ~ us W. e'as naa
naiteu oS'neeu tnese .Mo ia.os, hIathy Iestlns at
and 1 hsIf W 'Ne iA'ln n"''oiS' u 'n' 10 n''een
os Tue tact tna ie"
years rom causes frequently discussed III cen
Of he eta las uId ~ sne rfiase
ato W a,one aa tns aac5one tnat
10 at ~. I vn calel,sl reauJost
" .te r;',lo ior c1inase VI one 10 SIX
OF the two metals The ratios heretofore fxed
ia cnnTo1m az a ,". s'0", "nen w. WV
w. ~ nn1,o as heat , as ls1she oe. NOV"
haxa eraat,r c1.noaI ~ ra,atva r,,no
nase grea.iS tnangeu IN reial We Vane,
:ie'pUnuIne cn"neo ~ W Aaue III tne cohlse
l ll Auere IS no pecu ar iorce or sanction III
.ao present iat,o tna1 sapula maze US nesltate 70
.,top auotnei' "pen' Al Tue natAet VI Tue "oilu,
~ tnat .ou Iatlo Is not no" TUG true on9.
Lne aualtlon OF one TENN or one ,e1shth 10 me
nercavsd 90 ~, INC Mouh o DC
"ouiu insp1re connoence, auu auu greatly 10 its
Staas 1otn. AS ltlce w., arc 10" oaseu on utea
o',a notos q. pan wv So' 10 o1sturoance OF
' =. "ou.' go. sc s.'. -, - oih w. enanso.
& tu1 iecen1 coil9 ieuce AZ fat!s'
n'tseu ny US, tuat otaer naons ".li not JON WIN
conn+r n,s a. ~ W. ~ ;a 80 anu ECU
COUNTY us' auapo aus laws TO us own pellcy. mo
t t L -! latu anlcns coinnetcia na1ons Is
10 tne aaoptlon o. single standard o. gold and
80 td Az COIL. we nay Dy
value 10 me stores OF SILVER hed IN germany and
FRANCE untl our marRet aosoros them, nut oy
aaops,ag s1'er s.anuara as nearly equal to gold
as pract!csn!e we make market tor our large pro
that VIII BE- boarded transported, or circulated,
"1'4oot 10 e1sparasemsen3,, or feRroa ;. + 49,,
Cniteu oLaHS' aiteauy 50 largely interested IN
traae win al parts OF me world, and becoming,
9 9y rs popo!a.luil, "eaLtI' commerce. ana plo-
'io.;a d leaolng MEMBER OF me family OF
naIons' shoulu not adnpt standard OF lest IN
tiiusIC talue IMAM otner commercial naCOns
AuKe interested IN silver ana gold, as the great
them at such a ratio and On such con.
dilions as will secure the largest use
and circulation of both metals without displacing
either. Gold must necessarily be the standard Of
value in great transactions, from its greater rea
tive value but is not capable of the division re-
pensable for multitude O: daily wants. and is
too bulky for use in the larger transactions of busi
ness. and the cost of it's frarsnortation for iona
distances would greatly increase the present rates
exchange It would therefore, seem tn he the hest
policy tor the present to limit the aggregate issne
of orr silver dollars based IN the ratio Of s;rteen
to one to snch Sums a. can clearly he mainto;ned
at par with e,ld. until the mice Of silver in Tho
market shall assume definite ratio tn cold 1yhon
that ratio should he adonted. and orr cams made
to conform to it: and the secretary resnectfnlIv
Recommends that he he authorized to discontirnss
the coinage of the silver dollar when the amonnt
outstanding shall exceed fitv million dollars
Toe secretary deems it proper to state that in the
meantime in the execntion n. the law as IL nnu
stands he will feel it to be his duty to redeem all
United States notes presented on and after January
ls next at the Office of the assistant treasurer Of
the United States in the city of New York in sums
of not less than fifty dollars, with
either gold or silver coin. as desired
by the holder. but reseryinp the Ieoa1
option of the governments: and to pay out Uni;ed |
States notes tor all other demands On The treasury
except when coin is demaded on coin liabilities
1t is his duty as an executive officer to FRANKLY |
state his opinions so that if he ia in error
NAV prescribe such n,icv "A il hest for tha Hnhs
lie interasts AVA WV pN''
FINDING.
:, Inc amount OF four per cent. bonds sold during
the present year, prior to November %. IA 300