The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1890-02-28
MEMORIAL ADDRESS
,..,sd By tho National Silver Conn
mittee.
...-,red By ths National silver Con-
.,ton Held - ~ Louis In Mo-
vsmber, lss0-rs Congress
and the People,



rssued by the Executive Committee.
~ national Silver convention. held Al -.
~, ~oxember ~. " and ~. iS<o. passed tho
> -, resolution. and appointed commit
wv. ,-epare Z memorial address 70 Congress
~ y, :, * country, setting forth the reasons
therefor; ,Yso,rrrox.
.p..orr>f. That the Fifty first Congress be re-
--',.a by this convention 10 provide, At its
~, session. for opening the mints Of tho
.-ss,.s states 20 the free and unlimited coin
M standard silver dollars Of the present
-, Il. ani fnenc.s. 20 be legal tender for all
49, ,nblc and private. equally with gold
--a,sa, until such provision Il made the Sec
- N the Treasury be required 20 coin the
.-,,,nmo IN 100000 worth OF silver per month.
u now authorized by law.
rfE NoSEy or THE CONSTITUTION.
r,e committee respectfully represents that
a., M formation II our Government both gold
~ .i,.4r were established as money by con
..,r,,rai provision the power ito coin money
---'l... the value thereof. and OF foreign COIN"
~, rse.., "a the general Government. and the
go. ~ n prohibited from making 'any thing
~, ro.d ana silver coin tender in payment Of
debts"
weh-tersaid:
HIM csrtaialy OF the opinion. then, that gold
III sIf,cr. Al rates fixed by Congress. consti-
49, ~ legal standard OF value in this coun-
- and mat neither Congress nor any State
~ sn,horIty 20 establish any other standard
orto displace this
me legal tender. therefore. the constitution
=, standard Of value, Is established and can not
~ oyer,hrown. Tooycrfhrow 1t would shake
To whole system
LIZA a.l X either, Il may both, but the States
an make nothing legal tender but gold and
s,ver coin. Can Congress demonetize that
uhlch states may make money!
THE ACT or 1s72
The At o. ls13. demonetlxing silver and
-has-iur the fundamental law respecting
1900 VS. passed without public discussion
MA without the knowledge Of the people. much
s-s,wa. Il called for BY them In fact, as fully
asn@srs from concurrent testimony. the act was
r....a without a comprehensive knowledge OF
i,.,eope on eject By those highest In authority
II ne Government. nor has II ever been made
nantes, that any one directly responsible for
~ AZ fully conprchended its effect, and Ger.
-srlv ii 4 but charitable TO assume that no
~ ,orcssw its far-reaching and insidious con.
sequences.
THE EFFECT or THE ACT or 1874.
Fir saaefnlte ages gold and silver have been
rrorey metals Their use as money Is as old as
commerce From them money has been fabri-
ca,ca without limit throughout the civilized
sc-.A By them have all other things been
measured, and in them AL obligations dis
charged
Pr.or 70 the Decentralization Of silver BY Ger
NAVY il 1919 followed by the net OF iss3 ia the
rr.ted states and the closing Of the mints Of
a. Latin Talon. silver and gold. AZ the coinage
sa.o nf Europe .i5's 70 u. flowed evenly
|.hrcnch all the channels Of trade. uphoidiug
rtes ard supplying the worlds Increasing
eed for money. Variations In the production
-. <41 he -
rsascd mlnsarc q the more abundant The
urld's debts. immense AZ the period Of the
!. emonefixafi0n az silver and still increasing.
rere based upon the two metals and the annual
rrniv OF 10th Production and trade were ad
st,l 70 the sam. SCALE.
mn carae the change. The Western world
warll rlck from is money volume
f tne metals AnA restricted future supply
TSus W. re moacy -Andard changed and
~ Lew art Increased Il edarc lnde unjustly
sSspply 70 al existing contracts and obliga-
tons. public and private. for the same act that
struck down silver increased the purchasing
power 81 gold In other words. the gold stand
~ itself was chnnre.; Il became An enlarged
sancasA Indeed me enormity Of the act Of
o. M cation l. only fully brought ont when
~ ihat ~ necessary effect has been the
enhAn MN AZ q the value Of gold
The fSHASt EMEvr or GOLD
TIE extent ~ the enhancement OF gold Il best
NY comparison of prices before and
fFt A rnnretixation o. silver. For this
4 psIr rsods which mark IS many dis
f'ii1 "A the use OF gold and silver are
flss. he year when the gold discov-
t's's q Canl4: ala began 70 act on prices and
stimulate trade
Npra The year ls73 when the act demonc
la me United Statcs was passed,
AAf-iarN Ne fAll ot silver or rise OF gold be.
n1
r rcar 1874 when the Bland. alison
w ~ i. requiring the coinage OF at
least s40nop worth ~ silver q month. And
may TIE sonrSe Of prices and the tendency
money
~ - order 70 set forth in the clcarcst light
W. EJECT On gold and on prices OF recent ID gis
...ra AGAINST silver n Is necessary 10 show Us
slee' % money supply during the three periods
hAmed For the real measure OF values at any
kntn TINE l. the effective volume 81 money al
slsn time existing. No country has purely
wv measure. The real measure In the United
H'a'ss ~ This time Is gold colorcd 30 10 speak.
ysnANp"p % silver. and further diluted ~
w elective yolumcof grcenbacks and National
.1nk no'es For nobody would contend that
NJ value q gold would be the same. or that
sk,a would constitute the same stand ard II the
silver and paper that circulate with IL we're de
s;royed
!. MONEY voLU NE IN 1851.
"aA. ne volume Of money In the United
states ~ i>si was we have no certain data fol
Trimming but whatever Il was II consisted
r,-'seiy o. issues Of Jtatc and privatcs banks
M s.pp.y q gold and silver had been on The
W. ior nearly half century. but IN 1870 Cali
,, ,,a.A ana later. Australia began to send Out
'her newly discovered treasures.
III. n, ~ now place side by side the period from