Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1880-12-14

petnriary obligation OF the government
"A debt to be paid, and, when paid, u
he cancelled IS mere evidence OF an IN
.dehledness no longer existing thefe-
Tore repeat what was said IN the annua
message of last year, that the retirement
rom circulation Of United States notes,
With the CAPACITY of legal-tencer IN
rrivate contracts, Is q step o he taktr
in Our proQress toward a safe and stable
CURRENCY. which should be accepted IS
ne rOiicy and duty OF the government
and he interest and security OF the
people.
A. The time Of the passage OF the ac'
now in force requiring the oo.uSge G.
silver dollars. fixing their value ano
Owing them .egal-tender character, 1t
vaS believed by many OF tie supporters
Of me measure that the silver dollar
ehicb II authorized, would speedily be
come. under the operations OF the laW-
Of equivalent value TO the gold dollar
There were other supporters of the bill,
who. while they doubted IS tothe proc
ability Of this result, nevertheless were
willing 10 give the proposed experiment
\ fair trial, with view TO stop the
coinage, II eXperinCe should prove tIai
the silver dollar authorized by the nlil
cortiBued TO be Of less commercial value
than the standard gold dollar.
The coinage Of silver dollars un1er
the set referred TO, began in March, 1915.
and has been continued IS required by
the act. The ayeIsge rate ger month 20
the pr,sent time Las been y 30 Az
TIE to,sl amount coined VTiOr 20 INST
of November .aSt was S72 ST. Oh
80 -, So5 20 9li are in the
t','-Su '''-'. ,,-,-..,a-t effort
llal','s VI 10y - -, th;s currency in
llas 49, -. - .-,rii5er b,o eXptnse
- - - .s'', ,,-s.-;., irrurrFt tor thi.
IA. - br, 81, re.urn TO toe treasury
Z -,rr~p. and sure. Contrary 90 the
r--r '.rt anticipation II De friends Of
tte % -.s ure at ... ru. oi rs aoop,l'A'
che .a us ai .l. sI.... dollar, ctl a.n. (
AKA -....-s 90 ,'.y.r. .-, ..- l--L-.S o.
DAMN -t.. ytt- prior tJ tN. r ,,- :. ri
~. .Il .u orgrE Us .vl.r-., l-,
rrsrl.-vs ..c 90 ... silver which b, c'l-
tq.-aI va, from ninety t1 u'a 1.-TWO
cents. .- compared ~I.l 'a- >.n'l'd
rOf 10 Az par,-- Che ae, F lu,
sr. 1850 u2rb - u, % o., silver t.i-
ar las bee. e,-hy-tisat a-1 ha.i
eents
H. s. obvious ,La' Tho .eE.-..iiNn OF
the - CUulr, - "a T'E gard O. ,iiV, To so
o.. o., 10 wa based ON a. -ntti 7-.- .S,
~ tlr Va le q >!.v,- as I'>C-. 't 'll'-
les is.a.ol, has iaas@ 80 produce -,
effect then prtCl',tu' Inc .'AAc' -.
.aw remains m force requiring - :, -
does. The coinage oi q houinAt "V.'1
which IN res lty, - not "A oo,-aI' t..e
greater becomes tie danger taal III
C0un rs wa. be- iurted 10 SCNelt
Sing. me.a. Is TIE Sole iega. s0andalu
of value IN clrcu alton. and --l9 =
standard OF .cSs value tLan II puGPoi,s
O. be worth IN tLt recognized MCa'!
Of the World.
C.,,.,itrt;o-, # the limited States
- r,-,,r,isI nr;rcin. : and our best
;-,,c-e.,s ,I' re6uira that The country
sIonId bavs % its ,eval-tender money.
ho,b cod ana silver coin. OF an Intrinsic
Va ne IS bullion. equivalent 70 that
which. upo0 it, face. il purports -
possess. The Constitution, in exp Css
terms. recognizes both gold and silver a.
the an TINE Icrsl-tsnder money. To
Danish either Of these metals from our
currency Is 10 narrow and limit the cir
c,l'stirg Medium Of exc. ange 10 the dis
enlargement OF importSn. interests. The
CDite@ SAFES produces more silver than
suy other country. and is directly
interested in maintaining IL - one
OF The two precious metals which
furnish the coinage Of the world. II
WI. IN my Judgment contribute 10 this
result II Congress VII repea. s. much
of existing .esis .ation As requires t.e
coinage oi SILVER dollars containing only
il23 grains OF silver, and IN us stead
vii authorize the secretary OF lHe
treasury 10 com SILVER Co-ars OF equiv
a.ent value as bullion, win g0.d 0ol!ArS-
TINS viii deiraud no man, and VII De
Ia accordance with iamhiar prec"den,s
Congress on severa- occasions AAs a
tered the tatlo OF Vaiue ~ Weeh SoiC
and silver, IN order TO establish II more
nearly IN accordance with the actu2.
ratio OF value between the TWO neIA-s-
In hnancla. !eglslNtlOn every measure
in the direction OF greater hGehty IN the
discharge OF pec0nlary obligations LAS
6een found by experience to oliullisl
tIe rates OF interest whici Ceo.ors az
required 10 pay, and 10 increase the
facility with which money can be OBJ
tanned for every legitimate purpose.
Our own recent financial history shows
how surrey money oeconies aounu',n'
whenever commence IN me eNsct per
iormSncs OI H-oneSeu oo-' cations i -
'Ao-isheu'
The secretary OF war reports that tl'
expenditures OF the war department Tor
the fiscal wear ended June 50. 1850. were
$50 ~ 1893 The appropriations for
tins department. for the current hscS-
year. SmOUEt O al S95 630.40.
With respect 20 tie army, the score
tSry invites attention % the iart tha; rs
strength Is limited ny statute (section
LIS. revised statutes) 10 moi more than
- coo enlisted men, but that ProvisOs