The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1885-07-04

the near future Of silver As tree
lifted up aud borne away and held in
the air Ivy tempest will So remain uu-
I'll the force he withdrawn, 50 silver
forced to the bottom of the hill rs
now, will so remain until this antago-
nizing force be removed. That this
antagonistic force is distinguishing
between gold and silver we now pro-
coed with your close attention to prove
beyond II reasonable doubt. Beside
the high reputation maintained by
silver us it travelled down the cenIu-
ries from thedays of Abraham, being
the money of his day, and on amid
the rise and wrecks OF dominions and
systems, passing through all varia-
tons and shades Of supply, and de>
mand without mutation other than
what was naturally aud reasonably To
be expected-besides doing passing
well amid these multitudlnOuS and Va.
ried tests, reaching our age in good
lepute silver, 50 continued untll shOrn
Of its pTowess few years since. This
was grand career, great race, pass
ing thousands upon thousands Of
years. This was big thing, tut a
bigger thing than this was to win,
which silver did, surprising gold in
its last days of freedom, prOclaiming
and showing to all kndreds and
togues itself, not only Il success but i
triumph. This is sadly with the past.
Silver is under duress or bonds, and to
no dishonor OF its prowess is no longer
itself. While here, we remark when
silver was worth more than goldit was
said that silver would drive gold out Of
the country. Now, silver being worth
less than gold the same cid bugaboo
is used that silver will still drive gold
out Of the country. AS matter Of
fact, such duress as now cripples sill
yer will do the driving out, and if
continued, silver will be the victim
ofoverthrow.
Again to the argument where left
off. As announced, silver at the COM
mencement Of the war upon it was
worth more than gold, or dollar in
silver was worth to 4 per cent. more
: than a dollar in gold, and thoSgh it
began to decline on this aggression its
: decline was much less than Was to he
expected, and did not fall below gold
e in value until about the time of its
decentralization in 1873, which indu.
tably shows its title to adapledness
as legal tender, and the bulwark Of
power that it holds in the grace of
popular will. Decrease the uses to
which silver is applied as done now
in case of bonds, and not only demand
tor it is decreased and depreciation
ensues, but its character as .ull tender
n is lost. Suppose you are deburre,
t from paying considerable part Of you
r debts in silver, Gnterest on bonds i,
| CONSIDERABLY would not your ant
5 others demand TOR it be much les
e sened, and its prestige much sunk
g Where is the remedy? Some look t,
conventions. 1t being the commlnC
I alone of government that makes Il dol
II lar "a dollar, our silver dollar shout,
: remain intact. This looking to con
L ventions at this time, in my humbl
j. conception, is unfortunate; it turns al
l. tention away from the seat Of tn
Is disease. The disease is at home, til
II patient is at home, and the balm fl
l. remedy is plentiful in the gIead d
S our constitution, and must he apple
+ if applied at all by our own govern
u ment.
,e This is the balm: Constitution, AR
'e l. Sec. s. The congress shall HAY
~ power to coin money, and reguIat
j. the value thereof"
~ To regulate this value, congre,
~ cannot permit that which i'm
Is pairs this value. To permit this is
So permit trespass, The condition {
a tue prestige of silver amid the varie
j mutations Of the past, and the cond
~. ton Of its prestige in our histor
90 90 when not distinguished against, con
' Re pared with its prestige now when di
10 tinguished against, clearly amounts
u. a demonstration that the erection
~ the wall Of partition or vail Of di
" tinction between gold and silver is Il
L nS cause of the depreciations Of silver.
no d. e. q.
Si TO RE CONTINIrEn I