, 1878-01-19
Ren. Rutler on Silver.

Deu. nutlef Oh SILVER.
In sixty days the silver bill will have
become law Of the land. 1t will pass
congress, and if the president veboes it
and don't believe that he WILT will
be passed over his veto 1t will pass the
: house by three-fOurths vote, and win
receive so near two-thirds vote in the
senate that, if it be vetoed, there will be
enough strength in that branch to pass it
) over the veto. The president objects to
the Bland bill on account of the free-coin.
age clause, its unlimited legal-tender char
acteristics, and because it is violation Of
the public faith to pay the creditors Of the
government either the principal or inter:
est of their bonds in silver. In regard ia
unlimited coinage and the danger of food
! ing the country with silver, We need not
fear that, because We cannot issue more
than 81 600, 600 per month, or about S25,
OOO, 900 a year, and that would be mere
drop in the bucket Passing the silver
bill will be only to bring the government
back to the standard which had always
been known from the beginning Of the
government up to 1873. Silver, as a
|
1878 Although silver was demOnetized,
yet all bonds issued in pursuance of the
act of 1869, or after that year, come un-
| der that contract and may be paid, either
principal or interest, in gold or silver.
The president claims that even if We had
the right to pay the bonds in silver, we
ought, in order to keep our faith and
credit good, to pay in gold; but in these
times we cannot afford TO be generous. l
am in favor of carrying out our contracts
to the letter; but we ought not to do more
than our contract honestly calls for. If
silver was as high as gold, or worth pre-
MUM above gold, our creditors might
claim with equal right that they should be
| paid in silver, as they did once IN England
when silver WAS at premium OF ; per
cent shove gold. Her creditors insisted
that since bonds were to be paid In pounds,
shillings and pence, the word "pOund,
as used in the English language. meant a
silver pound of standard fineness, and
that, therefore, they were to be paid in
silver pounds, and should not be obliged
to take gold; and law was actually pass
ed to this effect. In regard to the moral
| obligation of the government to pay gold
; (since otherwise all bonds would be de-
preciated, } the other property of the cOun-
| try, except bonds and evidences of indebt-
edness, has deprecated on the average
about 80 per cent; everything is 33 per
cent. lower. The bonds have not depre
ciated at all /; and since the other property
has deprecated, why should not the bond
holders and creditors come in and bear a
small part of the general depreciation 1
don't believe this depreciation Will take
place l believe that as soon as silver
becomes legal tender, per cent. Of, the
difference will at once disappear, and IN
three months time | am confident the
other per cent. will disappear, and silver
will be as good as greenbacks, and both
be equalized to gold in value. l believe,
further that it Will have beneficial effect
upon the country. The grain houses of the
West are bursting with grain. The ware
honses of the East are filed with manu-
factured goods The railroads are anxious
to bring the grain from the West to put
into our mouths, and carry the goods
from the East to put upon the back of the
West. The passage of this bill will tend
to bring about the result, because it will
show to the people that We have reached
hard pam that contraction has ceased;
that we are not going any further in that
direction. The public confidence will be
restored business will be revived, andwe
shall enter upon new career OF pros
perity.-BostOn Herald.
SHOOTING AFFRAY-About $50 o'clock last
bling room above the *. P" saloon on First
street The principals in the affair are James
Murphy, a well known sporting man, and
Thomas f. Tildea. The particulars Of the diff
fculty are about as follows, as nearly as can be
ascertained: Murphy was dealing faro at the
table and Tilden was engaged in playing at the
game, along with several Others. A large num-
her of persons were in the room at the time OF
the shooting, most Of whom were spectators,
watching a poker and other games that were
being carried on. Some dispute arose between
Tilden and Murphy about the game: There
was a stack of ch ps on the table which Iiiden
claimed were his. Murphy said it was sleep
n and therefore claimed it. One word pro
yoked another until the lie passed. At that
moment Tilden rose from the table, as also did
Murphy. The latter drew his pistol, which
was a self cocker, and began to shoot at Iilden
Four shots were discharged in very rapid sue
cession- all within the brief space OF ten soc
onds. Tilden was not more than three Ieet
away all the time, and it seems really mlracu-
lOus that he was not instantly killed. One shos
took effect in his back, the ball gianc'ns over
the vertebr.p, making a slight abrasion OF the
aesh on each sfde; another shot struck him IN
| the hack a short distance below the lower end
| of the shoulder blade, making slight hesn
wound third shot grazed his side In the re-
| cion Of the stomach, inficting very tHnlng
| wound. while the fourth struck him near the
| point Of the right shoulder, just breaking the
skin The whole affair occurred 50 quickly thas
no one could interfere to stay the hand OF the
would-be murderer. After receiving tne snos
| in the back, which partially paraiyzed MN.
TYlden staggered over against a safe standing
| at one side Of the room. Murphy followed nm
mn with the apparent determination OF killing
| him at all hazards. Several persons VINO were
in the room entreated Murphy to desist from
carving his murderous purpose INTO enecI
TilJen also said, "For Gods sake, Murphy,
don't murder me, for l am unarmed Not,
| withstandins this Murphy thrust ms pistol
almost in Tildens face and nred tne nisn snSs q.
81 close was the muzzle OF the weapon 20 ms
fsce that his night cheek was powder burnt,
| and in throwing up his hand TO ward OF the
nistoi the bah slightly lacerated one finger
When the firing began general scramble took
nI.ce among the crowd, every one attempting
10 escspe from the room. Luckily, no person
hes;des Tlden was struck, although the shots
were iying around loosely for few seconds
| Those who witnessed the shooting supposed
that Tilden's body was literally nddled With
huIIets. for he was in such proximity TO Mu-
nhy that it seemed impossible to miss him I'm
mediately after the afray, TIden v.s taken TO
his room and medical aid summoned An e1,
animation was made, when it was aseerta'ned
| that the injuries were all very slignt-nos one
being considered dangerous Oregonsdn-
Loysns-Iwo weeks ago they loitered