Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1879-01-09
FRAUDULENT MONEY.
Senator voorhees, Denounc.. III. Tea.
Dollar as III Thing Which Cheats
Honest People.

SENATOR Soofnees the Trade
Dollar as the Thing Which Cheats
Honest People.
In the United States senate on The 7th
inst., Mr.. Voorhees spike At length. de-
nouncing the trade dollar a, fr.udnIen,
money, which having tailed in its misuions
abroad had returned home to cheat the hon.
e"t people Of lhi. countr,. The number of
trade dollars in existence was much larger
than TIE people had any idea Of. Thirty
five million had been coined and sent ,orih
INTO the channels If trade and commerce
The people had suffered loss by reason of
me deception practiced ON them with the
trade dollar. The bat method for The cnre
of this trade dollar wrong was to make !. :.
legal tender and recon It into a standsrd
silver dollar. He argued that silver monev
was not receiving fair play at the hand. Of
: re present administration, aud those who
drew their inspirations from it. He r..
viewed the course of Secretary Sherman in
relation to tie standard silver dolIar l.w
ana sald the execution Of this popular Law
vas IN the hands of its most conspicuous
and pronounced enemy. The hard specie
doi!ar OF our fathers had been denounced N
= dishonest dollar, and the secretary Of the
treasury had lent his Office to 4 lot Of con.
sp!rators to destroy it. The secretary I'd.
milted In his a,swer to the recent resolution
OF senator Beck that he allowed bondhold.
era to say what kind Of coin, he would r..
celve in payment Of interest on his
bonds. 1t was the plain duty Of the
secretary to use both gold and silver
IN proportion to the amount Of each he
had under his control. He referred to the
action q the nati"nsI banks Of the CITY of
New York last November. and ga id thew
proclaimed rebellion against the lsvfully
constituted authorities Of the government.
the'r determination In regard to specie re-.
sumption was addressed to. the secretary Of
the treasury. the eastern hanks indorsed It.
out be (Voorhees) believed the rebellion
nad gone no further, and he had seen Q bll
passed which he Was assured would be
urged before the New York Legislature.
which virtually demonitized silver 10 that
state. but no sch demonstrations act could
stand. 10 spite of vii adverse circumstances
ne predicted the final triumph of the silver
dollar. The country had just entered upon
the crude experiment. Of forced resumption
OF specie psyments. leaving behind f}ve
years Of bankruptcy and ruin. Al apna,ling
penalty had been paid for the bare Drocla-
nation Of specie resumption. In his iudo-
m.nt the rssults to follow specie resump-
Ito would be full ofdisa. tiers aud hardsh,p,
70 the people Of this country. The people
whom be bad the honor in partto represent
emsnd that rssamption should not rest on
gold alone but should rest N basis a.
strong IS the unlimited coinage of silver, as
Well % gold could nake Il. This vas not
. mere party issue. The producing clssses
plead Tor nuanctsi7 reform, for justice, rrli,
md honesty: Our whOle financial system
W ne work OF the republican party and
upon the leaders Of that party rssioa ihs d.