The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1878-01-23
Ltf1EE IRON llljSa JAWS

bNgii 80 ~ SsNti s.'fytt,ik'hspa t8f.gi w
sIi,s. n ss Laulslulg, yaps aa,ols1su
Ediiorr Raleiyla Neus,suh dti rsstam q
DeaK sm.--I Zee IN ith1 NEws 6fsf6.
day. tie following. copied fron otI,ee y NV
Y;yk Josrqpi. y 9'laisgss, sps 4 n laf
III Iies blind size. Bin gsii,se,all
l.fcco,le law, would the new four per eelts
upitei. States soois. leLici bwe tbraaip
bees issued, bs pya1 y, pringippI and ip-
.els.t. III n ver..
wppfi hs mortgage ond, n rails
roads. how expressly payable ip.goH coin,
be PAYABLE, pripriral Or Interest, IN silver:
REPLYi l., IN care lie Blsnl DID t6e-
comes ! law, all tlie, 9puhlic debtl A. il We
came due. would be issally, payable IT lbe
uptiun Of the goverbl,ieh,, ~ silver: and
rrosidedseirough dbtiars- could 10 coined.
nhdlihs administrations chose sid exefeise
The 4igLi. that ihightlh he fddne.n sa'ns~s
d TmSaansMefis liue rs iar as ittgeos. but
1t DOES not a gd TAR e,angh. Mil / 10 have
been eniir lyscslniia the JOarnta of Gun.
nterse "ug!.t 10 iha,e4old sod That v hen the
huhtisiw iwe,e issued they were laybt!e. not
IN sott'tut mr0id-aihst is gold dr silver.
Ut the option ni the GoyrrhmaiiiI; l NEAR
tie new four cent Londk.- Wheuihe fyc-
atmcHues we're issued il Was stipulated by
the .G,nrrnmeis, ilat The iitfeest ehanId lie
paid ~ ysin---uot in gold .--tsut seois---aod
hDIh gold dollars aud Siifer dollars we're
then hgal coin but the fTiaciiNd If the
iye>tseities was, hy thet contract. paba--
ble. ~ tbs debts of uther people, in l.gal
tenlers. WHICH were guld. siirer or gfeen,l
tteks; and ths Gv,efnarilt has The right
now q, pay all spQHis. sexuert those that
specify "n their face that tLey are sio he
paid "a, cuiu. III gold. silver OF greerbacks ::
,bn' 1t canr"t. sfhsu tfescl faith, pay
III e tcw, 4, ur Pfr eell.. bonds in 9uythilg
bit co iisi the standard vaHle Of ihe coin
Of he Uidtrtl states. gu lie l4th dhy. Of
July. 1870 Tile date Of the funding Act.
These four per cent. bmiJs sIerits upuu
their face. that they are 70 be paid. (not u
geld. hui r'calu Ul the sieinlttrl caiae ri
the cmaof ne United Stttes, a. il vas bh
tile i4ih DAY u july. 1870 " ii Silver dol
lars were ihtT legal 1eUin Of the United
Siate;-ilie StMG,ttf oiue of the SILVER
dollar was il2l grai. $. anal upon the face
Of every piIc VI these h"ilds IL is stated that
they are payable mot ~ gold. bur IN com
II the standard cttlue ef that day. Vino.
iarrti,ae. gan. With ANY regaId for truth.
say that the goyernmenr Is guilty ola breach
pf faith, IL 1, pays these bphis. according
10 the c"Iirart. 10 epirl. gold or silver. }
nf the STANDARD value a. July i4th, 1870!
I ~ p,abipg y lheae,dls,s q, tilose mn
Ifwho rrueur,d Ihe pa.sage Of tie Act Of
Fehrnaiy. 1878. dsiuunetizmg the silver
dollar. bnl | DO ,ayg,t was a gruss wrong
done TO The eouniIy. aud one that ought
10 he repaired al pnrr.ne.tf l.r.. sadtf tals-
n Icupsyr with The JpWrHal Of Commerce
when il sa!s. 10 answer to the recnn,l aurs.
rim. ;let when gvil l. promised uu. the
fare Of tie hOI,G. the debtor. IL n private
patty aid solvent, must ppy in gold. . Tb,s
j. ,he lrn--ihe iuau. if abie. should pay
according 50 hiS contract. But that paper
adds: lpasili shske 20 difference.
however, in The public debt. 1.-THE bonds
| .taled .lflalfa d,zaI different plAres tIiat
they were payable only in gold. Congress
would pass the act all the same. making
ithrm PAYABLE in silver" 1.-THE JUafaaL
sof GOmmerce wiI!froduce any bonds. stat.
/ iue III single place. that ii II payal.le III
! gold. il would be dishonest in Congress tu
pas. an act to make il pAySble ID uhyrhipc
| el.e. without tbe curlsrnt of the bond bold.
et ;jh.i. The ruth issthht no: cue Of these
bonds states 10 .'balfa dOzen places Dor
Ia one HIqse; ihat itisIpplatis III gald--
but u con and slltei tus coin, 10 which
they ae,e legally payable when issued ;and
the ilani Bill oiils proposes TO make i:
legal con again. .sTss~f =. .-s'#=a
The same paper says. "irhe understand
| ing has bern that The public debt wits paya.
, bic. principal and interest. il go!d.'' Tnis
statemeUt neither securds with tie las nor
the fact. The interest. OF most nf ,he
kenlsisdby. .ihe I.s. PAYABLE iussibl--lhat
IL gold ~ silver ;tle principal 6f maast of
them is payable IN legal ie,Nlor--ihat is.
/ kblH Flhttli tHt EItfHNd1hhs M lsVhh MtteN ult
OF your greeubacks aud YOU will Rnd this
soenn endorsement. put there b. the
government * the United States: = This
hote is = leydi fender at its ptp' value fpr
oil iebis, I,aJtic and latptte. except debts
on imporis aud iaterest on the publir debt.
Tie interest on tie iiys twentirs was paya.
bIe IN eai1 tgglalor silver J. ,tlle principal
Ia legal tender. The funding Act of July
IIth 1870. AUTHORIZED lnpjs "a be Issued
at five. fvdran haif snd tour per eeht.
aud these bonds, friacfs,i as well rs inle.
rest are payable IN eviu----nUt gold-but
II STANDARD coin either gold 81 silver. as they
Iswerc on that day-~lo Wit: Jdly iith, 10.
| know that The President. 10 bis late mes.
sags ssyr Tie, The bonds should be paid il
hold, because gold vas the only csiu ia
circulation, when the bonds we're issued.
= lis was strange mistake. The Pie,i
dent. II lie hml reflected molntnt. WouId
have remembered what every Lvdy cl.,
knew, tlst when The bonds we're issued
there was nvt@ dollar 6f goId Of silvri
either. circulating as currency. Il woult
II kay., hsa,, tfst as5lrte IN havs .aid that AL