Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-01-28

uee, with or without legal tender power vet we find
thiA measure OF confessed temporary expediency
! still forced, and by many urged TO be continued
IN PEI petuuln, and Senators say these notes arc
now at par, are redeemable by the Government at
/ the viii OF the holder, in gold and silver coin
therefore let well enough alone" 10 this complex
ion have v come that proposition to adopt meas
ures OF ain itted safety and wisdom to secure per
manent pro- 'perity, is Called tinkerinp with the
finances" Snch condition of sentiment alarms mo
and only cause me to be more vigorous in my efforts
10 secure my co ansrymen against such manifest dan.
gers. This asSn med legal tender power is like the
germ of deadly fever, that needs only the heat of
the excitement or speculation, of war or of distress
to develop its deadly powers, and it il while IL il
dormant that would put an end to its ax;stanoe
The present condition of prosperity NAV soor
be all reversed. Blight and storms and drongbt
the history of nations may demand from
our eXchequer extraordinary pay nients The scheme
OF uniting the tSo great BY canal acrosa tho
sthnus OF me southern border of this continent is
one OF worldwide Importance, and the heart of
every american procaims that it is to be under the
control OF the Government of the United States
our power may be questioned, but it will be MAIN
tanned Every counsel of WISDOM therefore ey
horts US to seize the day. and "in time of peare
prepare for war; for it IS the way to avert il
me withdrawal OF the legal tender power from
United States notes do injustice I, no man
and cannot lessen the value Of the notas in
the hands OF any holder because mn eouiy
aiens Tor the face value is offered in gold
and silver coin, in ease any creditoy sbonId
refuse to accept them. Tie endowment ~ Gov
ernment notes with legal tender powe- has alwav,
failed 10 prevent depreciation when public conf
dence had ouce been shaken in them II il worthy
OF note that in 1870 the first decision Of the Supreme
Court was reached against the power f Congress- to
make notes legal tender for debts Tire effect was
to raise the value of such notes in the market nv
diminishing the premium upon gold from 10 to Is
per MT, and, ON the contrary, when in the year
following this decision reversed and the mower
in Congress sustained, thu value Of the notes de-
clined, and the premium upon gold Immediately ad.
vanced. By the public press are informed that
wlde expression of public opinion is to be brought
to bear upon Congress to influence the massage
OF the Weaver bill. | do not propose 10 dis
cuss lis merits, except to say this: II it
be just to relieve these discharged soldiers5 and
sailors from the effects OF deprecated legal tender
currency, the OF jus ice is due the Of
cers OF both branches Of the service and we cannot
deny it, i'll equal justice, to the wounded and Grip
pied pensioners of the the civil servants OF
the Government. Nay, doubt whether Justly we
could stop there, for the injustice caused by the
Government in the emission Of such notes and
making them legal tender for all private debts
should also be remeded and where debts contracted
IN gold and silver prior to 1862 (when such coin
alone was the lawful money of the United Statesl
were paid of in deprecated currency the difference
IN the value of such currency with coin should, in
equity and justice, be made good and for such
currency would be needed. The present Congress
may not yield to such solicitations but we cannot
answer for our successors. On the threshold let us
meet all such schemes fatal TO good government
" Like causes will ever produce like effects" and
earnestly appeal to my countrymen and the Senate
to shut the door, forever lock and throw away the
key, which admits legal tender currency 10 take the
place of stable standard, having a universal and
intrinsic value.
Adj .urned.