The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-02-08
BLAlNE'S SILVER SPEECH.
ron REuONETIziTTON, mr. UiTH
MORE GR.iINS IN THE DOLLAR.
lie Think. that Congress had no Constitu-
tionnI Fewer 60 Dcmonetizc silver why
MIR. isInin. ~ Uppo.ed 90 the Pending biii,

He Thinks that Congress hnd no tonstuu-
tionnI Power 90 Demonetizc siiNer-Nhy
Mr.. Blaine ~ Opposed 20 the Pending Uiii.
WAsufNGroN Feb In the Scnatc, to-
day. th. Silver bill hoin- under discusslOn. Mr.
Bluin. Rep Me- -nid;
believe gold aud silver coin TO bo the
money ~ thr Constitution iid''N. lhr
money OF ilc American u'oulo anterior 60 ihc
Constitution. Congress has IN my Judgment
mo- ult.ur fn ,rInunttI fn silver any moro iUuu tp
tig.r.'t If therefore silver has been
domonctiIDI. ann IN favor 81 rciuon' t~'ns H.
II It's co.unce hns boon proluh,tcd am ~ IA
Nor uf ordering 1t tobc resumed. u II l'"s horh
restricted. um in favor oi hnVing y cnlarAoi.
no tom1nctile IL now a- though the facts ana
Circumstances 81 1873 were surrounding VI Is
TO wilfully and bliudly deceive oufSrlNcs u',
liCyr If GlrmuuN were TO rrmOnrtil" silVrr ana
the Kingdoms and States OF the l'ntin mon
r"s,,,rc its former relation with gold Tue dif-
fcut problem il. whit we shall DO whch We am
to rcOstlblish silver without the cooperation OF
European powers, aud really as an advance
movement 10 cocrcc them tncre INTO the same
uolicy Evidently the first dictate of prudence
j. to coin such dollar ~ Will not only DO Jus
ticc among our citizens at home. but Will prove
n protection-an absolute acknowledgements
ever the opportunity offers will quickly draw
from W. the one hundred and sixty millions OF
gold coin still here. II ] were to ycntur?
upon q dictum on the silver question. would
declare that until Europe remonctizes we can
not afford to coin dollar IA low as il2', grains.
After Europe remonetiz' on the old standard,
We cannot afford to coin dollar above 400
grains. If We coin too low a dollar before gem
eral reconciliation our gold Will flow out from
us. II we coin too high q dollar after
remonetzation our silver VIII leave US
To make our silver coin even three per cont.
less valuable than gold inilicts nj once loss oil
moro than twenty millions Of dollars on the
holders Of our paper money. To make silver
dollar worth but ninety-two cents lrccipitatts
on the same class u loss OF well nigh sixty NH,
lions ~ dollars Assurances from empires aud
scientists IN finance that reorganization 3l the
former dollar will at once and permanently adj
vg S v "r Sor S in tSc a of opp U and
controlling facts. II we act here with pru-
dence, wisdom. and fimncss. we snail not only
successfully remonctlze silver ana hrihg nv.
general usc ~ money Ia our own country. hut
the influence Of cur example VIII be lctrhtiai
exception of England. Indeed our annual IN
dcAtcdncss to Europe is 50 great that If we have
cocrce those nations 10y the strongest of all
forces. sci-inirrc~i. 60 AID US in uphoins the
value Of silver as money. b,lievr thr strug-
gle now going on IN this country and in other
countries Cor % single gold standard would, II
success liNeu % NiutTi'it au ,'i~trl,i ia, ""
end throughout the CONNER lhl world. | do
not think that this country. holding 80 vast "a
proport on u the worlds supply of silver m IL
inouu'f.is amt It's mines. can uiNri To- reduce
The lN.'u ?, thr situation OF in"rv m r'han-
disc IL silver cci-cs 20 ie u. III as money IN
Europe ana America, th" srcYi wn'a oil the
Pacific -lolU viii h, closed and dead
..i'r iAr public creditor can nnnrd To- he
paid % any silver dollar that the United Silt p
can al rl - coin aud cit.uHi". u paid IN Il
good silver dulur. the buntloldrr hAS nothing
t. coniliH.n 10 must shy mat ihc -pf'ih DE-
mnnd 'nr tho payment oi our bonds IA god
coin aud ina noi INK c.r ,oms wltii al ~
grace Fiuf ft'I fltiN Iuf PIP an tlAk4
cism b. lt,rl l4,lii'-t " ana han uaWrs are
hurried At u- "t -'riiy daring IT, s'd lhu' the
gfr %. ~. aW Gn 'sIS +, ,s7 1 '' M. yq.
man EuW r". tn" worry y'ag after W. made our
specl de ..Qt % fog rpyng our bonds ~
coin. PISS lw destroying $50 Tar IL lay az
Their power llr value of silver aS money. do
not say that was specially aimed at tHls clnn-
upon us ana was followed. according to public
aud undoni. -iurment. bN ldrg" INV. Slin'nt
on the part 81 ihr German GQ,ctrmeut III our
bonds. with "a II uuUf T~tN fii. pf hold
Ing them H. q coin ruscrye ior drawing rold
from Us 90 ana in establishing their gold stan
II vii. b. found in the judgment Of many Of
the wi-esi men IN tnis country. perfectly safe Ia
issue a dollar II 1875 grains standard silver as
one that anti eipating t." full and Legitimate in
iuencc oi rrmonWizn,i'n Will elnnte itsrii
against the drain Of our goa durnl. Tho timc
necessary for internai nul conference In r"-
gard TO ,Ir general establishment Of silver
rs money. Aad when that general rr.'-tHbii -h-
ment shall lc Effected with coinage OF fow,l
ernins the dollar which nm now advocating
Will MT cause loss OF embarrassment 10 unS
one. Tie miner Of the ore. the owner Of Tho
bullion tho holder az the coin. and the Govern
ment thnt .s-u II, Will ali IN turn be benefited
1t will yield q profit on rocoinage ana Will he
adyaniaseonsly 'npioyeu IN 0gr colh'r ra',
while. ID will insur. 10 our iuhorers nj home
a full dollars pay Tor a dollars Munl
of work. And think we owe this to the Amer
lean labor %. Ever since W. demun"ti2"d the
old dollar We haye hcnn running our mats Al
uso of tl- Chinese cuulio and the Indian par ial
"A dollar containing 40 grains of siaudar,
silver. wlfN IT, superiority over our ancient dol
lar o-t-lifufIuusly engraved ON IT, reverse side
To the outside barhnrinns W send this su
periOr dollar. Gearing all our national ciullrnis
our patriotic devices. our piouS inscriptions
our goddess II liberty. our d. liant eagle, oul
Federal unity our trust in God. ask That tht
American Congress Will not force upon IN
AmcriD ln ..iogara n Inferior dollar which tn,
naked and fam -hlng and degraded laborcrs q
India and CHINA refuse t. accept
Tho lil which now ofer as substitute fo
tho House biz contains three very simple pro
l. That the dollar shall contain four hundre.
and twenty-five grains Of standard silver. shat
have unlimited coinage. and be an unlimite,
legal tender.
q That al. the profits OF coinage shall 20 t.
the Gov 'rnmcut, and not to the operator in sill
yer bullion.
3. That silver dollars or silver bullion. assaye'
and mint-stamped. may be depo- tied with tn
Assistant Treasurer at New York. for whicl
coin GER lileatcs may he issued. the same In de
nomination Us United States notes. MT beloy
ten dollars and that thesc shall he r"d"rmahl
on demand ia coin or bullion, thus furnishing
a pnpcr CIRCULATION based on an actual deuosi
~ those II Tho Bank ~ England, and doinl
away n one" with the DIR AIDED Inconvenience 0
silver Oh account Of bulk and weight
do NOT fail 70 recognize thHt IN" committal
and az ,val- of senators on this question pre-
1ndcci ! itu mot fail 70 recoEni2r that on thl
question ! aW nDt in line with either extreme
with those WHO believe IN tie slngl" gol
standard or with those who hy premature an
unwise action, a- mu,t regard IT, would fore
us to ihr sind" silver standard. Either will b
found, IA lny Judgment n great misfortune
his country. Tho pruplc do not demand chea
money They demand an abundance Of goo
money which 10 an entirely different thing.