Weekly Chillicothe crisis., 1880-02-05
WEAVER.
Speech of Gen. j. b. Weaver on the Bank
Reserve Bill.
Erotn thn IN ltoh,

tersely every banking association to keer
in gold or silver coins of the United States
one half OF the reserve fund now required
by law. What are silver coins Of the
United States? The 4l2l5 grain dollar,
subsidiary coins, and the trade.dollar are
all silver coins of the United States. The
first is full legal tender, the second only
to the extent OF S.. and the trade dollar,
although coin Of the United States, is
not legal tender in any amount what
eyer. And yet, if this bill becomes law
the national banks may keep their entire
coin reserve in subsidiary coin or trade.
dollars, Or in both; so that by this bill
these debased silver coins are exalted
above the greenback which is legal ten.
der for all amounts. Again, to the extent
that this bill requires the banks to keer
gold and silver coin as n lawful money re.
serve, it prohibits the keeping Of green.
backs for such purpose, and is u discrim.
nation against the greenback and inim.
ical to the interests Of the people. Nc
one is so blind as not to see this.
We heard something from the gentle.
man from New York Mr.. Chittenden
about our standard silver coins, which he
styles "clipped', dollars. Hesncered also
at the greenback saying it was " a popu.
lar snare and an evil device" The dol.
lar of 4l2l5 grains is "clipped dollar, in
the estimation Of the gentleman from New
York, when you want to pay the bond
holder who had Eolemnly contracted tc
take it for his bond. But when the same
bOndholder ard banker wishes to pay of
his national bank notes held by the com
mon people, then clipped" dollar, a
subsidiary dollar is good enough for the
purpose, and he accordingly supports this
bill. [Applausc
Sir, this is most iniquitous discrimi.
nation against the people and in favor OF
the bOndholder. It's the same old OBJ
noxious class legislation over and over
again.
The gentleman from New York says
that the greenbdck is corruptng and de-
stroying individual honesty and public
virtue. Nothing could possibly he farther
from the truth than such declaration
The grGGnback is the only reliable dollar
in America to-day. ltstayS at home, and
is always as good as gold. There is abso.
Iutely neither sincerity nor truth in the
plea; none whatever.
We owe, says the gentleman, three
hundred and forty-six millions of legal
tender war debt. | beg to remind him
Of the fact that on the Both of May, 1878
congress passed law that the three hun.
Shou,d Eo w tSnt IN , n;ronIo ~ eoioM' nnI tb,'S
IhC m.onbac T Eonaro y" Ctu"oU M orotni %I roi emu
1890 u I'm v,J pJyn", ,uS"
hn Ioit t ~ .''ao ,'u oou't'' B. TIS Iiu tIa
ona Io TvYU o,, ~ v'iI'I p,"enO ,o,n, "uT ,mvS
toudon & DVom ' n,"' II ,"" pr, pn'"", II" H.
~ '"o"s, i AZ ~, a. rt 35."SIIc w.
hoao noU'n "plno''m v"C "'c tv'' ~, i1o-
ihoi .nns . ,,o we" % ~ t'o Iv"'' .ono",or
tl~U " IS'' t"' W. m;v i;r' ' H.,
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nU'p ;IaS Ia.fGi H. "nu ttie ousio io;nS vl V'Ie ooun
~ leliIu Wy so'utniiiclU III TuI nout ~
W. t.s .ltaI' any We were cInipeiIeu 10 resolI
~ " ios". Cen,e. Pnp'i. ~ was H'.c ny ~ y
anv tIs'rnnl,fC I ~ s"ie & tiie nation - n'tc
in 1nu tlio ss'ipG ~ nay - G"u'iy necessary ~
u"j prt ~ w. 9",o , the t .,Deitles " .ne Peopie
iouoi ur I S'o VnV so'el"''''i'' '''''"o' 'i'"''
al .umuSi l,aPe, ,o 1.:.L ,.,
ho1 law ""Se, d olVI ;niu & to "u aLis"t," g @ wi,
49, n%u U'n nG p,'os" I'm - W.. SvoT"o toi ooii'
,hn Ut" IeE9 ro sro nvS oGa P"' oT ,Tba, 4,
Cnu SGT"S ~ Io S"Tn "" .Gni U,,u"oc' % ne
"n Lero onIr oa," w ifia rTnn Gu. u" ro nge @ ,
n.t nu,u 'Sti'GS G" nIuSn I,ui n.y., ,nc Ron
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uU.ss,no .li,'I a. Sou u'i "''H' .'n ieS", Ienue y
Pone SI Iy INV o.0 ,. w ,riu ho IeSuronS hm'h, ~ y
mog1l 1nr,n.'"n r,, a ill.,. ooS WY, WIZ oouRnI w.
ANU ioIO JoLi Iin, -. "no Vn0il p.'o' ~ Sn oHTt
"I ,nUuI " rt w. itT L;, ,I 10y w
,J to,vI ~ oonroi' Tis 'n,'toIneSS o tor III iest
tSaue ' as U Sn, & Shoro, r 'I, hiooSJ Spu '"fS H.
bor,s bo % rorn | an 49, oiOou Louo ~ o,to, Ou,
any any fl,;uo of - tbo 49," I;nd IT,, % %or,J I"nr hov,
"nso ~ e. o,,','; tho LaaJ " no ,rn',,
S"' onnrtant | , 'horo I,,n ', ho oi5 SJ h,n =,
S 10y u91 ~" .i'en @ mn''e o,nei W. m1unu nay
i',n w;,I 'o '",1 aot ti"n oontaJ I''S S J""' "ol
thom % dr,n On rar ."r cont I''bH ~ ~; % rJ .ra n
o"er t,t% tEo ~ pc, veHI, v; us a",p0 @ "a1
oo. nn,U ,o', W. do', T.,o eo,', S'nrss' GU" w,'
u nuGp S,I SJI' sto JE ri' % a1i ILMprmao ~ you
@ na"olIn E, o~Sr.al 1Sr SY tha, oS d"'i UUupU,
an ouo,.,, incb of b,s to;l =" Ti'oro,htor
~ ,'o a.. W a,'o, :. .raii I1''GS no'n'
nui, '"yo IIe s1nVl1inun, iIi. ~, l'ie wa "a
IL r,gnG anu VIII snow you the law 10
1t. That is a very line maxim. Let IN
tell the gentleman that it is right to pre-
serve the liberties of the people. and W
will show Won law for il The issu
fairly befo.e the people is this: Shall W
have in this country legal tender papv
issued by the government. or shall th
people depend upoa banking corporation
for their circulating MT lium? Shall th
government or the banking corporation
control the volume of the currtncyP lie
gentlemen meet this issie fairi, an
Suuarely. The issue is between the co,
porations and the people. Shall we de
pend upon banking corporations for IN
volume of our currency, and in that wa
give the banks the control of all value
in this republic?
The house will recollect how furious th
gentleman from New York (Mr, Chitter
denI apneared when he smoke of the so
der Bill. You remember he STONED owe
and shook his little fat in INV ,nnocer
: face! His speech, fury, and cIencbed Gst
reminded me of the old rhyme:
Two or,on;o, "a, or ,ho ,,rdon w.u
An hasp or two tuT Vh toSctbsr. ,c s"'" wall
At first they talked Of no.hing at all,
And then they talked of the weather;
When, drawing into fist his little claw han,
Says this magpie, Upon my word,