The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1885-12-05

apt'o depreciate Tran gold; III view
oI hese Ihlnss, l"- qaesilOn Tor the
country is, II tAo nou y power has
accomplished its purpose in part TO-
ward scarcer money by the deprecia-
tl0I of silver, to the reduction Of the
prices of The products of labor as
shown by statistics as given in former
article, what will be the conse.
quence when reduced to one coin with
the then almost certain growing scare.
it, Of gold? Wonld not the prices. of
products likely be further rednc ed?
Money being scarcer, they certainly
would. 1t will, perhaps, not he fully
realized by this generation, how dear
this nation pays f1r the whistle,
when it, blessed with "a constitution
toasted around the world because no
respecter of persons, becomes respects
er of persons or coin in order to con
tribute to the wealth of class, aud
thereby sacrifices the interests of the
masses and the coin of the constitution
best adapted to the wants of the greats
er number. Make one of peoples
coin subsidiary to the other, aud you
dehase, the masses, aud place them
under incre ised tribute to the m ney
kings: Protective restrictions between
the coins and industries are virtually
bills Of attainder, so detested ny the
constitution as to be twice expressly
forbidden by it; they are such BECAUSE
they tsint and damage the character
of industries and coin as To profit and
conference.-the effects of whinn
have made nilliona res wealth, great
good in itself almost dishonora ME.
Failure to recognize such pointers of
unquiet and suit legislation is the er
ror of the times on both sides Of the
seas. Increased confidence in silver
money being the thing needed as al,
mitted, and silver coin and its coinage
being AN institution of the country
the stoppage of its coinage by the gov.
ernment would he downward drive,
evidently decreasing this confidence
by showing increased want of it in it,
self. For surely one man can not in
crease the credit of another by relus,
ing him further credit. Stoppage OF
coinage is virtually worse than refusal
of further credit: it is its cumnsn ded
estoppal. Those who oppose this should
show that silver coinage is not all in,
stitution of the country. The demo>
cratic party, the old hard money par
ty of the country, cannot afford to ex
pertinent in this the crisis of silver
coin. 1t is enough for il to know that
il takes gold and silver coin both to
constitute the money Of the constitu-
tiont-hat less than both is not the
money of the constitutions, and that,
therefore, there is no authority from
its spirit and intent to coin gold only.
Congress being authorized to coin
money, must of course, coin nothing
more or less than the money of the
constitution, which is no more no less
than gold and silver. That this Intent
of the constitution has been abused by
the devices of men is no justification
or authority for its repetition. M
precedent can vltiate or change the
constitution. Nothing Can do this
less than an amendment from the PEG.
pie who made it. 1t is claimed thar
oven production vi SILVER prouucespres
ent coin discrepancies. Fats premise
is misleading, founded, AS il is, upon
the error that TWO sovereignlies can
exist in the same limits at the same
time. 1t ueing admitted by all that
the command of government makes
4121 grs. of silver coin dollar or lie.
gal tender in its limits, not because it
contains 4l23 grs. Of silver coin, hut
solely because the government COM
mands that it shall be such in its lin
its. This being admitted, it must
also necessarily be admitted that So
long us the government faithfully ex>
ecutes this command or law it will
remain such, for Of course the con-
tiuued execution of the law Of the
government, making a dollar dollar
or legal tender, will keep it such, if
sovereignty at all. And such it re-
manned, silver being worth more than
gold until the violation by the treas
ury department of the government
law, commanding interest on bonds to
be paid in coin. This supreme iujus.
tice robbed silver coin of the prestige
of full legal tender, and the govern,
ment has permitted the continuance
/ Of this injustice, oath of Office, trusts
of power to the contrary notwith.
standing, Ifin this case there was or
| is no lapse Of sovereignty or violation
of law, as contended by the overpro.
/ .,,l