The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-03-02
CLEVELAND'S COMB CUT.
The Red. Headed Roosters Of the Silver
Wing of Congress
TACKLE THE GOLDEN GAME COCK
On His Recent Hard Calling Of the
Dollar of Our Daddies.
THEY USE A SLASHER ON HIM,
In the Shape OF u Bundle OF Authorities
and Comparisons, Hurled Right
at tho Currency Corner
of His Uranium.
TACKLE TIE GOLDEN GAME COCK
THEY USE A sLAsHER ON HIM,
JUDGE REAeANs STATEMENT.

JUDGE REAeANs STATEMENT.
WASHINGTON, March 1.-The Friends
of silver in the house, while at hrst in
clined TO make a formal reply to the let
ter of the Presldent-elect Cleveland,
since it has been given TO the public, de.
cided, at a conference held this evening,
to reply openly to the letter, with which
they do not agree. They say they
did not invite a contrOversltv, but on
the contrary were anxious to avoid 1t.
They say was not until it had become
known that determined effort was be-
ing made to induce the president elect
to commit himself and his adminis-
tration in advance to the
gold side of the currency
question, that they decided merely to
ask him not to commit himself unlil his
cabinet was formed, and that both sides
OF the question could he con .idered.
They proposed at first to send dclepa-
tion 10 present thOir views TO him, but
after communicating with him, ut bis
suggestion, they sent paper
signed by nearly 100 member Of The
present congress and members elected
TO next congress. No reply was neces.
sary, they assert, and none was ex-
pected. They further say that whilo re-
GREETING the step the prGsident-Glect has
taken in advance of his inauguration
and of the formation Of his cabinet,
they do not propose to have q oontro.
versy, unless it ia forced upon them
Tho believe, however, in ths in.
deponce Of the legislative branch
of the government, and as
sort that they will, at all times, main
tain it. They fur niSh the following as "A
statement OF their views:
In the letter 10 distinction is msde
| between silver coinage and silver bull
| lion. While it is true that silver bullion,
which is excluded from coinage, and
consequently from use, it is worth less
in ratio than 10 to !, that is S5 per cent.
of the gold dollar, silver coins,
which are admitted TO monetary
use, the same as gold, are
equal in value 10 gold coin.
The silver dollar will exchange for as
much as the gold dollar. IL will even
buy tho gold of which gold dol az may
be made. France, with population Of
So 100000, and territory not as large az
Texas, has in circulation 5000, ,0C00 0Op sill.
YER, with $3.50 900, 900 gold, while we nave
but 100000, 600 fully tender silver to over
1900, 100000 gold. Altogether, 81, ,90on00 OOC
silver coin, at the ratio of 5sb,1 10 /, are
held in circulation in Eus3pe ride by
side with $4,000, 100000 In geld. O, pepper
aud silver together, including siltei
certificates, we have less than $750,OO0,.
coo, which shows that in this country
there is more gold than papor and
nearly three times as much gold As sil
ver With this proportion in our cur
reacy, ana with gold and silyor equally
q iuil tender for everything 1t is
difficult to understand why tic score
iaiy Of the treasury might nlh II h,
choose 10 30 so, pay cut more silver anC
less gold. OF course, If, while recolv
ing into the treasury of lhG United
States notes, silver and silver certih
Gates, gold or gold certificates, he payi
out only gold, his stock OF go | woult
diminish. II, on the other hand
no should pay Gus mor
silver and paper aud les
gold tho character OF tho reserve in the
treasury would control tho seer alary o
the treasury. There would ba i1 need
of legal tonder II one who receive.
money be permitted 10 choose the kint
how'll have. That silver aud silver Ger.
tiiicatos displace g old Is true; but only
treasury or bank notes q ~ 'ro .. The
withdrawal of Sl00OOO,00J utuAt Dute.
the same effect un gulC
rs so much In silver o
silver certificates. Why has 10 noval
baen proposed To withdraw the Natioua
bank notes as means Of preventing On,
expulsion of gold. To The proposition
that there now exists, or pyeu has eN
is'ed, under our c0nstiltUO' Obliga
lions specifically payable I'm god, thI
silver men feel 10 their solemn duty &
onter their most emphatic Gi-sant vi
the very outset Of the discussion of th,
question. No such obligations exist o
ever did exist.
Webster says gold aud silver, AZ ih
rates fixed by tho congress, constitute
the legal standard or value in thi
country, and neither the congress no
any state has authority TO establish an.
other standard or 10 displaCe this one
The act 10 strengthen the butlic credit
approved March l6, 1859 so.Omul,
pledges tho United States 10 the pay
mentOr the bonds in coiu.t Tho reiuud
ing act Of July II, lSI0iptuyded 10
the payment OF Sll feiIndinl
dues, public and private, unless other
wise expressly stipulated ul tho cor
tract, and there Is not a public obiig
ton outstanding, and never was, cor
tanning stipulation of payment i
gold, In January, lSIS cpugr = gdnp,c
tho following concurrent tr~D'guou, o
lereG py Stanley MaltAoHsi tL.aI sen,
tor now on the supreme byncl
Ihnt ali bonus Oi tn
United States issued or authorize
in coin OF their praseu, StaudGr
value, which j. the same IS the prCsti
aHnlfn flilY Ffgrstnf.tf t.sN .Hf NtNff sr
II, 1915, provided that, from aud ate
. the lst OF January, 1879, TIE sucr0lary
} tho treasury should irlsui, in coil
! outstanding legal tender notps. BY N
. act OF February Is, 1875 providing {,
, the resumption ui CuiutUr, Hiuu'
ard silver dollars A.oIp nat
legal tHuder Tor ai debts uf
10 be is>utd uUlDrsllt act ui c)nEro'
hprtiurrtoru rvcird, are psNnb.e,p
PM unu tut,ivs1 Ht the option ui 81
COVE uwtu, ut The UmltibiStaleS
si)vct dollars ut The coinage oi u
, United STAT S, rnAtjDiug l2a grali
each ut standard sjlvrr, Npd that lo y
store 90 ils coinage such silver c1,us
legal tonh'r ON the pawn my ot so
bonds. principal and iutOrosj, 1, not
nor in derngatiou e
right, oi tho public c,g3uor 2
opialnUS ut StcreDtits uf tAu treas ~
! ttom 1873 down, arc relrirut 80 is 8
u thuriiy. The opinions Of tns ctvtari
arc Valuable when suppJrtsd bv ia'
and sound rpnsous,'u oL1di nol tu cu
uul ultss tnaVHe - Uuus ne {,
4 tun, how ever that stnn3 Aetrotar
have steadily ptedir ~ "
has not taken plaza.
udonds OF silver coaeUr
= 80 opinion that 1t is moro DC ,rG
y "a maintain and -1n ipue the N,ass
] ar gold rOin, =, II ~ thr mass
- stlv - al ,h"i .ev lr"e I
th /, = 80 90 nsr : rnt a. "'
proven, tbs wac - W. invta's IL