The advocate., 1890-08-13

Wade, vlce-president under Andrew John
sons administration, and one Of the load
ing republicans Of that time, wrote the
following letter:
VIOEPREsIDENT's CHAMBER,
WAsHINGrON, d. O., Dec. -, 1897. I
MY DEAR SuR. Yours OF the 9Th Inst Is re-
ceived, and ! most cordially agree with 0very
word You announce In ~ Am Tor tho lAhOring
portion Of our people, the rich can take care Ol
themselves. While 1 most soulpplOuay live up
10 9ll contracts q the government and aght re-.
pudlatiOn tO death, win fight the bOndhOlder rs
rosOutoy when he undertakes tO zee more than
the pound Of fesh. We never agreed ~ pay the
$40 bond In g0lQ no man can Ind II In the bond,
and never VIII consent 10 have one pnymentfo
the bOndhOlder and another for the people. 10
would sink any party and 10 ought tO.-Wdde's
Letter tO Denny.
Oliver p. Morton, whose patriotism 20
his country and devotion TO the rights Of
the people was unquestioned, said, when
the bill to pay the bonds in coin was on
its passage:
Aud now PROFOUND the question, Itl either
Intended by this bin DO mako new contract or 10
| is not. IL II N understood 20 mako n now con
| tract protest against A. We should do foul In.
United states, allor we have sold these bonds at
an average Of nOtmOr0 than 90 cents on the dollar
now 20 liiako new contract t0rth bonolt Of tho
bOndhQlders, y gives 20 those laws \ eQastruc-
tlOn do not believe In and that have sli0Wn Is
C0ntrndlcted by no lCast four acts Of Congress.
Sir II Is understood, believe, that the passage
Of bill 0f this kind would have Che effect In
Europe where our financial questlQns are not
we'll understood, 10 Increase the demand, and
that viii enable the great operators ~ sell the
bonds they have on hand no profit. 10 IL In the
nature Oi a brokers' operation, II lisa bull move
ment " put up the prlne OF bonds for ie Interest
Oi parties denllng IN them. This great INTEREST," ls
laundering no the doors Of Congress and has been
many months, and by every means attempting 10
drive us Into legislation for the purpose OF max
Ing money for the great operators. This II what
u means and nothing else.-SpCeCh IN United
States Senate.
Such was the language Of the repre-
seutatives Of the great republican party.
Even John Sherman, the Janus-iaced,
American Judas lscariot, said:
say Cqtity and Justice arc dmplY satisfied r.
we redeem these bonds nc the end Of fVG years
IN NE same Kind Cf money! Qf the same intrinsic
Udlle II Dds at tte time tbey iCCrC isgDCd.
Senators, sometimes, In order ~ defeat
the argument Of AN antagonist, say thls n Tepu-
dlntlOn. Why, every state In the union, without
exception, has made lts contracts, since tho ~
sue OF legal currency, ana pllu tUeI III currency
Speech IN me United States Senate, july 6,
1858.
lie also in letter TO Mr. Mann, dated
March 20, 1868, said:
Your Idea that we propose % repudate or vlo-
late "a promise, when we offer ~ redeem the
principal In legal tender Nv erroneous. / think
lie bOn,ihOldCT violates hs pTDmtsC tDhCH he re-
fuses h take the sdInC SOrt NJ nOnGU M paid for
Lhe hind. II under the law AZ II
stands the bOndhOldeT can demand only the kind
Of money no paid, then he N q Tcpudtdtcr and or-
yOrttORcr 10 demand money more valuable than
he gave
just one year after writing the above
the same John sherman wrote tho fol-
lowing:
do assert as a question Of policy that II 5 wise
for W. 10 declare that the 62O bonds and ,reen-
backs alike shall be paid In gold and silver
A few years after that he was mill
lonaire. .-4
In the political c lnpaign Of 1868
neither party took hnd or lntimated
that they favored th@ payment Of the
bonds in coin, but IL was secretly under
stood by many Of the leaders that such
a policy would be carried into Of