The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1881-11-03

w.
back BY the people. These same bondhoid
i ing cormorauts succeeded some years ago
I hv 1 fraud and a trick, in demonetlzlns
silver. and thew would gladly do so again r.
i enhance the value of their bonds. There
are mountains of silver in Nevada ano
Colorado. and We are opposed to rendering
nugatory the blessing of Providence in
bestowing this exhaustless store OF silver
upon the country and this age just as II
! was needed. Silver answers all the pur
poses of money to the Southern peopIe-we
only regret more of it is not in circulation
among us and boarded in out of the way
hooks and corners, and it is good enough
TO pay off bonds taken during the war al
! little over half their face value. Let silver
/ continue to be money-the people must not
/ be sacrificed to the NEUTRALITY-SUSPICIOUS.
Mercury.
| True, every word of it, except that
the movement against the silver dollar
by the bondholders is not an under
tow" 1t is open and above-board.
They make no secret of their operations
against it. The Republicans of the
Eastern States and the money centres,
are openly committed against it. Silver
has been partially remonetized, but it
is not upon an equal footing with gold.
Its coinage is not unlimited as in the
case Of gold. 1t is restricted. The
maximum of its coinage is 81, 600, 900 a
month, and the minimum $4,000, 000
month. The Secretary of the Treasu-
~, who has been a plant tool of the
bondholders and has made his millions
of wealth serving the money power and
the subsidized classes, has made it a
rule to coin the minimum quantity
and has persistently refused to use it in
payment of the principal and interest
of the bonds as the contract between
the people and the bondholders requires.
Except what is demanded by the people
as a circulating medium, he has stored
it away in the vaults of the government,
and has had the assurance to apply to
Congress for appropriations to construct
vaults in which to hold it, He dishon-
ors it by saying that it is not an honest
dollar because it does not pass
for a dollar in countries where
the privileged orders have pro-
cured It's demonetization as they
did in the United States. Take it to
France, however, it will pass for a
dollar and three cents more. Every
tyro knows, or ought to know, that
every nation coins its own money and
prescribes its value and that the same
argument that is used in the interest of
the privileged bondholders 1--WE say
privileged because they pay no taxes on
their investment,) against the silver
dollar Of the present coinage, will apply
with equal force against the United
States coinage of gold. For example,
you may take 81 900 of American gold
into England and it will fall short by
s16 of paying $1,000 debt in England,
for the reason that our coin money,
whether it be gold or silver, is received
abroad in payment of debts by it's
bullion weight. Nobody complains that
the silver dollar of 4123 grains does
not contain enough Of standard silver,
except the bondholders and those who
speak for them. The toiling laborer
who receives it in return for his crop
when he carries it to mar ket, does not
of the size of the dollar. Mop
the merchant, Nor the mechanic
Nor the professional man. None but
the bondholders, foreign and domestic,
who live in palaces, while looking with
disdain upon the toiling people, and
thrive and fatten and accumulate i'll
gotten gains from their earnings.
The bondholders, more than other
classes, ought to be satisfied with the
iilver dollar. Their gains have been
more than qsurious f; they have been
enormous, Moreover, it is precisely
he dollar which their contract with
he government preseribes. The bonds
ire payable sin coin" meaning gold
md silver. The law of 1869 declares
hat all bonds issued, and thereafter to
,e issued, are payable in coin of the
hen standard value And the United
states Senate in February, 1873, passed
resolution by vote of Al to %
learly all the Democrats and number
# Republicans voting in the affirmative
that the bonds already
ssued, and to be subsequently issued,
are payable, principal and interest, at
he option of the government, in the
liver dollar of the United States, con-
aiming 4123 grains Of standard silver"
This is precisely the dollar coined under the
iluer bill; and which our contemporary,
be Mercury, says an insidious move-
lent is made to destFay. Il is more than
nsidioIs It is av3w5l and abpve-
GARD The refusal of the Seerasiry of |
he Treasury to use it in the discharge
f the public debt, is fragrant violation
the law and q bold, unblushing I
efanee of the viii Of the people. The
ext move viii be to dishonoF it entire- {
; by diYesting it of its legal tender
motions and spspeRdiqg its coinage. f
his was recommended in the last
nnual message of fraudulent President /
[ayes. The issue will have to be met v
luarely. The initiative ought to be h
ken st the next meeting of Congress V
7 the Democratic members, in the is
lape of demand for its unlimited il
image, and an investigation of the B
sad Of the Treasury Department for T
fusing to qss it in payment of the
lblic debt.
/
The Greenville Times mentions that la
nee Lynch spoke in Washington N
unty. there has bnen CHANGE If fac. =,