The Red Cloud chief., 1878-03-14
TINE SILVER BILL


" ~ H,-~ ~ M s,-~aast- knesatr-
ga,y'al N'osid~'siton - Hoa- Ut ls0 esii
usi An at 10 suthssus ~ osnsw 2 the
.ivs' d,lisf snd a. 'v.t,sv ~. va terA.r
ehsfuc,ct Z" fcsi com;-n-i a. s,,usr " a. ~.
Hos, IN .tich 70 o~ftsiuGi~i -iih a., ,4sc,-
lUn ~ tts iSssAv haddlpg thv o4ftAs sAgsA
cilfr.cd tn ms snnuAi ucs..s, ,hA, rri
'hrf Tie tntcrvsts q ~ ttyvvfuusyrt n.r q
The p-srlae - The ut~i state. . uhA - IT,
muie1 by d.sl@fssiug stvyr a. 80 = ths 80
pfty-lrus metal. -hl,h 'sfais1 he e,tuarv Cd,
the suyii and ths, irgi.istion -hieh tNk, a.
uAiniaiuing ihs tUiuus e tUuinsts nonvs a.
a. 'uN q measure q hsh mstAls a. ,hst, rcis
tive cosnmcrtA value al iefnli .v4li 10
tsihet unjust r.s int
II b. h~cn us earars, drslfv 10 ,.srrut ~tA
sungrVs- 10 the sAutt isu q such fueSsatrs o.
lucryAss thv sUNyr rtunacv of She t..artfN Ell.
wuuli bot tmIau NE ohltsAtkt q eHutrsstA
elthef puehr ~ IrNAtt, 90 m!urt a,iN sfr,t
The puh1c errtt II }. Gals un tho Cau,ttta
hat ihi. hlll b.. uui meet ,As.s c.srru.I ~
guiry mcuts. that ! frvl 70 nv AatN o. Nlfhh44
frsn 70 nv sppro,al Nv tFvssui Meta dui,
- "a that tdh i-smits uAlN su sttsuuou tu he
.i~stns objections o. ~ pAssagV ~hirh seem ~
me- =" tmlsrtsn' ., to iusti', mt in s.ktrr
truu thr ~isdusn and ne du;, - tougrvss
That further cnnsidrfatiou ~ tie IN tut ~hlsh
zoe tuiistliutlnn has la surh s~aS provided
The I'LL provide. fcr the ~ansg, ~ aiVrt 81;
lars % u, weight ~ ti3Av grain. rA,h. -
standard silver. :. 30 iresl truAr, "a tbc,,
HA' feA@' - ~ W. sfNN w lANNh
aud private, except ~hrrv uthcr~t.e .,yrvs.l,
stipulated In cuuttsct IL IL veil knu~n thai
the market value 10 that uumtet - srsin~ ~
.isudsrd silver jurins a.. pAs' war has ,-.n
from OTTO ~ cent? as compared Nth III, stan
dard gold dollar. thus The .llV-r dollar an
thorfcd ty ihis hAl 1. worth frm .ish,
10 ten per cent lee, than 10 purIafts ,o
be worth, and IL made a loyal '~nde'
Tor drtts contracted When the las did Gvt re-
cuguli. such coin. a. ls~ ful mccoy ID. rgh,
~ - AutN.. Ia .lK.W "a. Ia 20 HI.
dcia.iu, will, ~hen the, afs lssuc,i Ia .uri
cien, amount Ia circulate put All end TAI the "
ccipts ~ revenue la evld, and thus cumtsi ~.
payment ~ silver fur 18th The principal aud
the in'erc., ~ the public Debt. u i<St yN sU
of the tondrd debt no~ outstanding wss Il.
su,d prior To February, la, when The silver
dollar ~V unknown ~ The circulation ~ thi.
countrN, and Nth unlN = convenient form 81
silver bullion Tor eNportsticn. tS~t t<n SO 81
the bonded debt has been is.urd since fctrus
~, lsSA When gold alone as the coin fot
which the hond, we're sold. ssi gold alone ~s.
the coin In which both par,i-. Ia the cuntrac,
understood that the h,nd. would he paid
Tho~c bonds flowed into the market. ~ The
world they we're paid Tor In gold, when silver
had greatly drprrciAtri. and when no uut
would have housh, them II II hal t-cn un
d~erstu.i the, would he paid la silver. The
sum ~ ss.i,uSlUO 81 tho.- honds has been
sold iurlng nv Adninisitsiiou fer gold cuin
and the | nitci States received the benefit ~
I'Nf NhNNN Wv " 1fbhf NRh ~ thf fa'f W tlIffH
est to d, per cent. During the Progressed thoss
sales a doubt WAS suggested A. to the rpin la
which the payment III those h-rnds would he
made. The public ENCOURAGEMENT was there
upon authorized that II ~as not Ia he An,i,i
latcd that any further legislation - Congress.
OF any action nf any department ~ the Cp,
eminent, would sanction or tolerate the re
deinp'ion Of the principal ~ these bonds, ar
II the payment 81 the Interest thereon, In coin
Of lees value than authorized hy la~ q, the
tAV.AA 81 Ia. -.a. - a. t-..t. H.. ~ ~.
etactcd by the Government In exchange fur
the same. In view ~ tia, fact. II will b. Jusi
~ regarded A. q grave breach ~ public faith
to undertake Ia pay thcse honda, principal or
interest, In silver coin. worth IN the market
less than the coin received for them. II u
said the silver dollar, made q legal tender by
THE till, will. Hndcr its OPERATIONS. De- rquiyA-
Lent in full Ia the gold dollar.
Many supporters 81 the hill believe this, and
would not Justify al atiemp, Ia pay d@b's-
either public or prtva'e-tn coin Of an inferior
value Ia the money % the world. The capital
defect ~ the measure IL that II contains no
provision ~ protection from it, operation on
pre- existing dchts, IN cRse the coinage which "
creates shall continue Ia be 81 lcss value than
that which MAS sole legal tender when they
were contracted. II u l. nov propossd Tor the
purpose Of taking advantage of the drprrcIa
ton Of silver In the payment 81 debt Ia coin,
and make 81 legal tender a silver dollar ~ lees
commercial value than a dollar, ~hether ~
k'Hi VI IolFr' Az " ~ Nhs aSlui uh'usN
81 this country such = measure, u will hardly
be questioned, will, In the judgment 81 man
kind, he an act ~ bad faith as 10 all debts con.
tracted heretofore. The standard of value
should not be changed without the consent 81
both parties Ia the contract. National prom.
ises should be kept with unhinching fidelity.
There Ia no power 10 compel q nation to pay
tts Just debts. Its credit depends upon it, hon
or and upon what u has led its creditors Ia Ell.
poet. ! carnot approve = bin which, In my
t,AwVtAns anslxrls.. q Utn1asl.. - N.,sN -
legations. The obligation ~ public faith
transcends all questions Of profit or public all
vantage. Its unauestionable maintenance l. a
dictate - well Of the highest 81 experience as 81
the utmost necessity, and should ever te care
fully guarded 10y the Executive. 10y Congress
and by ths People. II Ia my firm conviction
that II the country IL 10 be benefited by silver
coinage, II can be done only by the issue ~ sil-
yer dollars Of full value, which will defrAud no
man. and . currency worth less than II pur.
ports 10 be will, IN the end defraud. not only
the creditors, but all who are engaged In iegit-
innate businese, and none more sssurcdly than
those who are dependent on their daily labor
for their daily bread.
tSivned. n, Il. HAYES.