The advocate., 1890-08-20
l0 PAGES.


four hundred and twenty grains troy; the weight
OF tho mlfdOllnr shall be twelve grams (graminee)
and Ont'hnll og 2 gram lgmmmeO the QuAriAr-
dollar and Che dime shall bo, respectively one.
half and Ono.lfth Of tho weight OF Enld hnild0l
lar; and said coins shall De legal tender at
their nominal Wilue Tor any amount not exceed
Ing Ave dollars In amy one payment,
The language In the above 10 30 plain
that Il Is strange II could pass both
Houses Of Congress without someone
discovering il. But the fact chat Il did
pass, no matter how, Is evidence
that the money power was At work 70
still further increase tho purchasing
power OF the dollar-to TO make II more
"honest" (H) and render It still more diff
cult to pay the principal Of the public
debt ..nt.I
by act approved February 2s, 1870, the
standard silver dollar, with limited coin
age, was restored. The bondholderB,
however, have not ceased 70 fight silver
money, though II was one OF the coins In
which they agreed the debt should be
paid. The situation ls so we'll summed
up In a speech, which Senator Beck, Of
Kentucky, delivered In Che United statet
Senate in December, 1886, that we make
from IL the following quotations. Ho
said:
Not one dollar, as ar as am advised, has
over been paid In silver ha Interest ON the public
debt or IN tho purchase OF . single bond for the
tors have unlustly demanded gold loT tho inter
est ON Cher bonds without any s0mbAnCo OF
right, and egcrB secretary Qf the tredgurU hqg
dBTCDdrdcd me LdtD ana Gcccdcd % ttcg dcil1idg.
Our Q6Ctds haze thi@ aided and dbotted tN
oIgdnlgQttOn Qf tlc most p0lDcUm body Of Cdpt
tdltats w He United States against dlp6T cOlD-
GO6-men who control The currency OF the cOun-
try and hold the obligations OF OIL los business
concerns; mon who hold W87, 7b3,Sb0 OF bonds NJ
the United States, maturing In 1890, ON which
they now demand premium Of "a por cent. and
seek by striking down silver still further, TO IN.
crease their premiums Il anal
not be surprised II they dominate thls Congress,
but II win Do after / have entered my pTOteat
against II, and have given 20 the country my
reasons for 40 protesting.
II the managers OF the finances Of France had
treated her silver coinage 40 our officials have
ours, she would have been pr0stlaled, financially,
Nv bllo Aotk VI NuklNlu hnu hhfLlAnY luNK nkVs
When our treasury Oihcials
yielded tO the elamOr OF the bOndh0lders and
violated the law by admitting their right % 10
fuse silver received nc Che custom house In pay.
mont Of the interest o. principal OF their bonds,
they degraded our standard silver dollar by do,
prVlng II Of lts most important function as q
legal tender; and now, hdDlng captured tlG ca
6cuttU6 bTdtCh Of the government, the bOudhOld-
ers and their attorneys are bCseging Congress "
enforce their demand for gold alone In the settle
ment OF their claims, all law, Justice and equity
10 the contrary notwithstanding, by striking
down the silver of the standard value OF July,
1870, which they then demanded aud inserted In
the face Of every bond they hold as one Of the
coins IN which the bonds should Do paid. It ia
hard 10 do Justice 70 their audaClty In temperate
language; hardly think am equal 10 the task
and win not undertake II. ! can, however, get
the facts before the people.
II is unnecessary 10 state that, as under
the recent law passed by Congress- the
coinage of silver ceases after January 1,
1891, the bondholden in this matter, as
in every other, have gained their point.