The examiner., 1882-02-11
The Silver Certificates.

| After the frogs had chosen the ser.
 pent to Ee their king, it required eternal vigil.nce on their part to keep from
 bsing devourod by their sovereign. : Not less foolish are the Ameritat
 people. Year After .t7ear they elect mer
 to rule eTer them, who, as soon as they are invested with executive or legisla
 tive authority, seek every opportunity to devour their constituency.
 Nine-:enths of the people were op= posed to the demonetization of silver and at the last election nine-tenths oi the people voted for both chief magis- trate and members of Congress knoHr 10 favor demonetization.
 Asram g. Hewitt, leading and re. presentative Democratic member ol Congress, has introduced bill for the immediate suspension of the coinage oi silver dollars, which he says s'the pub lie do not want, and will not sake.''
 The secretary of the treasury, Re- publican representative man, says in his report: "It is therefore reco1nmend- l ed that the provisions for the coinage of a fixed amount (of silver dollars) each 1 month be repealed, and that the secre- tary of the treasury be authorized to coin only So much as will be necessary | to supply the demand" This demand to be for coin only, after the certificates arc abolished.
 Do these men either express the views of their constituents, or tell the truth when they say, or intimate, that thefe $ glut of silver dollars, or that the people do not want them and will not take them 2"
 The facts impeach their veracity.
 Since the reconciliation of silver bv act of February 28, 1878, there have been 103,O0O,OO0 of silver dollars coined. If the public do not want them, and will not take them, they must of course be hoarded by the gov ernment. But what are the facts Of all the silver dollars coined by the gov ernment since 1878, the government holds as it's own but one-half million, as $34, ,000,00 are in actual circulation, and $6S, 100000 are in actual circula- tion in the form of certificates while the coin is being held for their redemp- tion, and cannot be used for any other purpose.
 A few days since 25,O0O silver dollars were asked for in exchange for gold coin, which request was declined at the sub-treasury with this explanation
 "We have not 25, 1000 silver dollars If we let you have the silver dollars you will draw silver certificates, and we have no silver certificates to deliver except as we have silver on hand for an equal amount"
 The trouble is, the silver certificates are occupying and covering the ground pre-empted by the national banks for their circulation.
 If the greenbacks are permitted to remain in circulation and silver coinage continues with the silver r-certi tificate provision it will not be long before they will drive bank circulation to the wall
 That the people may know how good and safe 8 currency the silver certif- cates are, and how criminal the attempt of the banks to deprive tue public of them, we give the law authorizing their issue:
 "Sec. 3. That any holder of the coin authorized by this act may deposit the same with the treasurer or any assistant treasurer of the United States in sums of not less than $10, and receive there for certificates of not less than $1O e'ca, corresponding with the denomi- nati ns of tle United States notes The coin deposited for or representing the certificates shall be retained in the treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes and all public dues, and, when so received, may be reissued, Approyed February 28, 1878"
 Here IS convenient paper currency. virtually legal tender for all purposes and based dollar for dollar on standard coin, that no panic can depreciate or want of confidence impair, converti- ble paper money that has never been surpassed in the worlds history, which the peoples representatives would destroy to make place for the notes of speculating money monopo- lists.- Chicago Express.
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