Los Angeles daily herald., 1886-02-21

WASHINGTON.
BANDS Minority Report
on Silver Coinage.
Which the Democratic House VIII
Probably Consider Favorably
and Adopt.

WAaurNcroN February 90 --Chail
- ~. u.o ram;,t.a
man D'ana OF que nou'e o'"
Coinage, Weights and Measures na
presented a minority report on the bi
- n.,,,,aa 60, the sraa co;naye Of silver
- pS'. - -.-..s ~s..-.~,s f,om hi
"n'en "A' topoi sea :" a,
Committee. and which - no" on va
llouse calendar. The report
.,,,sa hx p,snd and Lanham an,
"a .tarts og viii
otpsr ihenhoofa'
declaration tnat she voiume o
metallic money is not subject Il
The oootrol Of Legislation, but Ia regu
-, '...,,ra Rscogoizino tba urio
ia'eo py hA''''s
ciple that nature snould supply the VOL
nme of money, the only duty that de-
velops upon legislation is to establish
BY law the ratsa of value for tn 10 coin
age of the two metals and to provide
for unlimited or free coinage o1
both at the ratio established. Ii
1873, under the pretsxt Of amending
the Mint act, silver was demonetized
and this was in conflict with the Consii
tuition. If under the Constitution Con
gress has the power to prohibit or limit
the coinage OF silver, 80 il has that Of
aold. As compared to gold, silver is now
depreciated. tits therefore claimed thai
II will not be in good faith to our public
creditors to pay them In silver dollars.
Without going into the facts that the
bullion contained in silver dollar will
purchase as many Of the necessaries Of
life at this time and more than il would
have done when dropped from coinage
and more than in 1855 or In 1870,
all interest bearing coin obligations OF
the government now outstanding were
issued by Virtue Of the act Of 1870, ex-
cspt 3 per cent. bonds issued under the
aot Of 1881. or since silver coinage was
resumed, and are payable either in gold
or silver coin, therefore, to restore the
silver dollar and compel its payment in
redemption Of these obligations would
be no violation Of contract or Of good
faith on the part Of the government ttS-
wards its creditors. The restoration
Of silver here will necessarily give AIDE
mand for it that has not existed
since 1873, and will have tendency
to restore it to q parity with gold and
II Is believed that il will 20 restore il.
but whether it be 90 or not il ia insisted
that we owe no debt that i not legally
or morally payable in silver. and even
should we 20 to single silver standard
no harm would come Of it. The report
quotes from Mr.. dernuschese's ''Grea,
Metallic Powers" in which he says, re-
fsrr;ag 10 the freq coinage Of silver
tsvsr1 want rasoms would 81 thosa who
.haa,3 -sarrs,nond 81 : TIaitaa Sf.ss. If
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rsPoll p'o'seus = ISSUE sss sas Question
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