Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1882-05-25

contained 1876 grains less metal. The
law made the money.
6. In May, 1864, Congress made q
new cent, containing only forty.eight
grains, 2l2 grains less than the old
original cent composed of ninety.fve
parts copper and FIVE parts tin and
zinc. 1t is to day the hundredth part
of a silver or gold dollar. The value
of this metal is about twenty cents a
pound. A pound coins one hundred
and sixty cents, which are SLIGO. The
difference between the commercial
value of the metal and the legal value
of the coin is s1.40. One hundred Of
these cost about twelve cents, but they
are equal to silver or a gold dollar
The law so makes them. We often
hear persons say, I'VE wish a dollar
would be one hundred cents. One
hundred of these cents, authorized by
law, are intrinsically worth about
twelve cents. One dollar Of either
gold, silver, or paper will purchase
enough of this metal IL make eight
hundred Of these cents. The law
makes this money as well as all other
money.
FOREIGN COINS IN TIE UNITED STATES.
That metal is not money, as the Eng
lish courts say, is evident from the
fact that the coins of other nations
were not money in the United States
until the laws of Congress made them
such. That Congress might do this, if
they saw proper, the Constitution pro-
vided that they should not only have
power to coin money and regulate the
value Of what they coined, but also to
regulate the value of foreign coins If
all gold and silver were money by
virtue Of their inherent qualities, indie
pendent Of law, and the trainers Of the
Constitution knew it, how did it come
that they gave TO Congress the power
to make or coin money and to regulate
its value and the value of foreign
coins2 But Congress has done both
of these tSings. In 1893 they made
United States money of foreign gold
coins, and they continued this legisla.
tion down to 1857. In almost every
law they changed the value in the
United States of the coins which they
had legalizel, from what they were in
the nations issuing them, and from
what Congress had originally made
them. But after having made these
coins lawful money of the United
States for siXty-three years, on the 2lst
of February, 1857, Congress demone.
tized all these coins, They have not
been money in the United States since
that time. Our laws made them mon
ey for sixtythree years, and law un-
made them in 1857.
DOES GOD MAKE SILVER AND GOLD
MONEY?
If He does, then Germany, Austria,
and other European nations were very
wicked to have dpmonetized gold in
1857; and England was eqEally as
much so to have demonetized silver in
1916; Germany, Denmark, Sweden and
Norway were equally wicked in de
monetizing silver in 1872. The United
States capped the climax of sin against
God, by clandestinely demonetizing sill
yer in 1873. No. God does not make
money at all. As Aristotle says,
"money is a creation of law, not a pro.
duct OF God or of nature" God makes
the material of which money is made,
as well as all other materials; but the
money, of whatever composed, is made
by nations. If God has already fur.
nlshed Us with money, why did the
constitution give congress the power
to coin money and to regulate values? ?
If metals were money before congress
had anything to do with them, why
this move to make il?
MONEY MADE OF PAPER.
l. The notes of the two banks of the
United States chartered in 1871 and
1916, were made by the laws of the
United States, legal tender money in
payment of all debts due the United
States, for forty years. They were
preferred not only to copper coins, but
to all other coins.
2. The treasury notes of the United
States. issued in 1872, 10, IA, is, ~,
SO, '39, 40, II, ~, '43, As, '46, al, /;
81, go and 81, were all legal tender
for all debts due the United States,
and by them the wars of 1872 and
1915, '46 and AT, were conducted.
They were preferred to coin by the
people. The law made the money, and
when our troubles were over, unwisely
unmade this money.
3. In 1872, 'l3 and IA, and in 1886,
congress was so unwise as to make
certain state bank notes legal tender
in payment to the government, by
which a large amount of money was
lost.
4. The demand notes of the United
les issued in 1861 and 1862, after
lspension Of the state banks, De-
30, 1861, were not paid in coin,
ey were made receivable for all
due to and by the United States
dividuals, and were always there
At par with, and preferred to,
.,-.6Sa all kinds.
v-ythe legal tender notes authoriz
jruary 25, 1862, were, under law,
al tender for everything, excepting
les on imports and interest, and for
se payments they were always equal
n oin. As far as the law made them
al, they we're so in reality. The
r'','S reason why they were not legal
b.. Ter for everything, and preferred to
was that the law did not so make
,.r a. 1t was not intended by the law
ors that they should be equal to
narJt
fg Since January /, 1879, these
" n.. have been received for duties on
. cw Is and all other debts, dues and
'.,s l..' ds, as they are, therefore gen.
~ l at a premium over coin.
ner V", eHn Government certificates, payable
Rcspecnb, were made legal tender for
endalr. sling, and were always better
/, /. ~ r,ttss tts in.
gt .,',...'.il ,sio o,il 1862, postage stamps were
l., esi,o. gal tender money for $5.
a,' r,' he fractional paper money Of
.5 i,'S a i''a.mcernment was made absolute
-aawa ~. .. to a certain amount, and re-