The Red Cloud chief., 1890-05-23

Treasury Crtss~ssea.
WAsutNoro>. May it-in continuA.
ton % bis remarks In tho senate zee.
te0iay on the silver hill. Senator
Jones' Of Nevada, opposed the idos
o. rcdceming treasury notes In hui
lion ON the ground that when they ~cte
so redeemed the monetary circulation
would bc contracted and the putuns ~
bullion on the market would not make
up ~ the county Cor the loss ~ money
from circulation lie Expressed en-
ti~ confidence in the honesty
Of purpose and cca~i-n;iousness o!
motive 90 the prcs-nt Secretary ~ tho
Treasury, but said thai, a. none ~ tho
Secretaries, tor twelve years past. had
coined q dollar ot silver more than coln'
yrllcd hy law to DO future Secretaries
might con>cientiously deem ~ their
duty 10 keep in circulation the least
possihlc amoun, NJ ,hc proposed ir"as.
ury notes, and thus ,tr United States
Treasury uiehL IN oNcc,, t-com" =
purchasing agent Ter the last Indie
company Or .or syndicatcs Of English
merchants wanting bullion cheap IN
order 10 make th~r payments IA In.
dtA Gold. bv reason ~ its greater
value. notwithstanding all the iegts-
lAtion 10 ~. favor. could never b~-
come the spm m - money medium ~ tho
world. A gold COIN that would represent
an avcrxg" DAYS iatur woGld h~ t-
small for ~ossnvcaicnt handling. silver
wns the rncnry metal ~tsst@uitcd " the
ma>, Of th- people and Ia III. variety
and chArsrier a. transactions constitut-
Ing the Interchange ~ daily life. u
there were any conceivable ~noc~>sits
for sNc dem meditation OF either metal.
~hy. he asked. dcmone,ltc ,hs, ~h,ch
promised the greater and more steady
yici:' n Tor Any reason society should
d~csA~ tina one ~ them should h~ die.
cA-acd. should u not rather be that ono
which promised the smaller future Yield
than that which promised the iargors
4, WAS absolut"l, vital "a the welfare ~
~.cicty ihat both silver and gold should
w. IT, fall aud unlimited use a. money
va equally invested with the TOW cf az
legal tcrd-r.
In conclusion, Mr.. Jones sad II yr~.
dir,. Mr. President ,ha, the restoration
al silver 60 is bir,hrigh, Will mark nm
epoch In IA" history oitbls li"rvhl,c, IL
viii place in circulation an amount of
Money Commensurate With onr inrr,as'
Ing population. !, will give assuranc"
to Our langutshing Industries that tho
volume Of our circulating medium 10
MOTTO continu" shrinking and hat tho
tendency ~ prices shall NO longer b~
downward. twill Increase tbe wages
~ labor and IN" prices OF tho products
of labor. IL Will r-ducc the price 80
! bonis and other forms ~ money futures.
" will tighten, but not, incquitAbly, the
burden OF mortgages: /, ~iii Increase
largely, though NO, un,us,ly, cue debt
=. yssying and tax paying y"w~r al IN"
' people. !, will loosen she grasp Of The
c~r-~ii,nr from the neck 81 the debtor.
Nv the rcmonrtisatlon ~ silver, monov
will cease Ia l." the object OF
ami will again become ius hcn'nc"nt In.
s,,umont. Activity will r-plsc" .,agna.
' ton. movement will ~suppl.st inertia,
courage will Danish fear. confidence
Will di.rel doubt. hope ~ill .upcr-odr
despair. The lifting up 81 silver
Ia it, rightful plsc" by tho sid"
~ gold will sct in mo,i.n all tho
, latent energies % N" people II wtil
=. Danish involuntary tdl-p".. by putting
every willing man Ia work L. viii re-.
! yiVo business aud ranims.r 'ho hear,
and hop" Of the masses Capita. no
, longer fearing a fall In prices wsil torn
!. into productive M Tn" hosrds al
money lying Idle In III. money vault.
wi.l come ont To bless and enrich alike
their owners and the comm WITTY al
:, iav,c; while th" million. Of dollars noe
: Invested a. low interest IN r1lt edged
securities will seek more prvHtahi~ IN
se~,ment In the busy f.ld of m ps,ry
vh.r they will t~ uullz.i IN the ray.
% 81 wage. and III" consspo.ni dis
Summation ~ com'or, and ksppin~ss
snong IN" pcopl"
And this 4, Will accom- pltsh. IN Sos
4. III" United States alone. bu; sS~ c,sili-
. ss,ion. for !, IL not too much Ia sAy. Mr.
\ President, that upon the decision of tAi,
: question deJepd cons"qg .nocs usyse
. som~n,ons than tia, ~ any otb~r que.
ttSn ~ puhltc policy within the mo md,
~ this generation. In . broader s~ass
than ANY Other question sursrusg ,h-
e"acrAl attention % mankind IL 4. 4
question % civilization. II sms-vii~'
the hopes and aspirations ~ our 's~~
The act e Congress. bich shall bspysiy
sh" d, Mil constitute decr~~ al
: en- snci patton - N~ri'abl" e. s~y
'hss ",e freed cert from ihr.ldom.
: hut NOR, universal in its application
. Will prorlsiH 70" freedom al
: the white rae the World over II u1.I
: Ir b hos ID bead 81 labor. IL ~ill
knsA the th'ebaty 81 toll. IL will lnsn'
gu,sse the true rhst..ance-s r.nAis
snc" 81 ~prcsp~-ity vlLhoa, vhl.s In
dussrg learning. .cionre. literature and
sr 81" bvt apple. 81 s.iOn4
IL sass"r Ia qus--.ioas NJ Jonss 1ald
. that n ,b-r" ~as fr~. coinage 81 .iivr,
he believed that - ihreo d.i. tho .ilvs,
. 40; u~-d Tor csinAsc rosld 10 -or,t
:. 81 ~ &c oSnos sni shat thsrs d you'd
: remain.
Y
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