Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1885-09-16
THE SILVER QUESTION.
SENATOR STEWARDS ABLE
EHFORT AT THE OPERA
HOUSE.
A Brief Review of His Speech

4 Brief Review of His spcecl
There was large audience a
the Opera House last evening t
hear Senator Stewart speak upo
the silver question. Owing t
the lateness of the hour the AP
PEAL can give but brief synopsi
of his effort.
After speaking Of the silver con
troyersy in general way he show
ed the manner in which it hae
been legislated on in Congress,
On March 9Th, 1869 an Act was
passed by Congress entitled, Ar
Act to STRENGTHEN the Public
Credit" which reads as follows:
That in order to remove any
doubt as to the purpose Of the
Government to discharge all just
obligations to the public creditors,
and to settle all conflicting ques-
lions and interpretations of the
laws, by virtue q which, such OBJ
legations haye been contracted, it
is hereby provided and declared
that the faith Of the United States
is solemnly pledged to the payment
in coin or its equivalent, of all OBJ
LEGATIONS Of the United States, not
bearing interest, known as United
States notes, and of all the interest
bearing obligations Of the United
States, except in cases where the
law authorizing the issue OF any
such obligation has expressly pro-
v;ded that the same may be paid
in lawful money, or other currency
than gold and silver. But none of
said interest bearing obligations
not already due, shall be redeemed
or paid before maturing, unless at
such time United States notes shall
be convertible into coin at the OPP
tion of the holder, or unless at
such time bonds of the United
States bearing a lower rate of in
terest than the bonds to be redeem
ed can be sold at par in coin. And
the United States also solemnly
pledges its faith to make provision
at the earliest practicable period
for the redemption of the United
States notes in COIN"
By the Act of July, 1870, to au-
thorize the refunding of the nation
al debt, these bonds, thereafter is
sued, were redeemable in coin of
the present standard value, i. e.,
the value Of 1870. The whole debt
has been refunded, and is payable
in coin consisting of 4l23 grains of
silver, Or Is $40 grains of gold, as
= unit of value.
Feb. IL, 1873, an Act was passed,
and amending the laws
relative to the MINIS, assay Offices
and coinage of the United States;
In which Act the silver dollar was
emitted from the list of coins pro-
yided for. and the trade dollar was
authorized to be issued. After
wards in the revision of the laws.
the following section was smuggled
iI: 'The silver coins of the United |
3tates shall be a legal tender at
their nominal value, for any amount |
not exceeding five dollars in any |
me payment.
February 18, 1873, the bill author
zing the coinage Of the standard
,ilver dollar and to restore its legal
ender character was passed. Its
are as follows
THAT to ere shall be coined at
he several MINIS of the United
Itates silver dollars Of the weight
f 4121 grains Troy, of standard
liver, as provided in the Act of
January IS, 1857 on which shall be
he device and superscription pro-
ided by said Act, which coins,
ogether with all silver dollars here
ofore coined by the United States'
# like weight and fneness, shall
re legal tender at their nominal
'alue, for all debts and dues, pub
&c and private, except where other
viSe expressly stipulated in the
and the Secretary Of the
treasury is authorized and directed
0 purchase. from time to time, sill
or bullion, at the market price
hereof, not less than two million
ollars' worth per month, nor more
han four million dollars worth,
nd cause the same to be coined
al fast as so purchased