The Central Nevadan. [volume] (Battle Mountain, Nev.) 1885-1907, 1890-02-06

ued inat through combinations or
speculative manipulation Of the market
the price of silver is arbitrary, uonl-
nal Or fictitious.
''Sec. Z That the silver bullion de-
posted under this act represented by
Treasury notes which have been re-
deemed in gold coin or in silver
dollars, may be coined into standard
silver dollars or any other denomina
ton of silver coin now authorized by
law, for the purpose of replacing the
cola used in the redemption of the
notes.
Sec 8. That so much of the Act
of Feb. %. 1873. entitled can Act to
Authorize the Coinage of the Standard
Silver Dollar and to Restore its Legal
Tender Character" as requires the
monthly purchsae and coinage into
silver dollars Of not less than 50 ,000,-
600 nor more than 81 600. 900 worth of
silver bullion, is hereby repealed.
"Sec. 9. That any gain or seign.
forage arising from the coinage which
may be executed under the provisions
OF this act shall be accounted for and
paid into the Treasury as provided by
existing laws.
"Sec. 10. That silver bullion re-
ceiyed rnder the provisions of this
act shall be subject to the require
ments of existing law, and the regua.
tions of the Mint service, governing
the methods Of receipt, determining
the amount Of pure silver contained
aud the amount of charges or deduc-
tons, if any TO be made.
''Sec. IL. That nothing in this
act shall be construed to prevent the
purchase, from time to time as may
be required, Of silver bullion for the
subsidiary silver Coinage.
Sec. II That sum sufficient to
carry out the provisions ot this act is
is hereby appropriated out of any
money in the Treasury not otherwise
appropriated.
"Sec. l3. That all acts and parts
of acts Inconsistent with the provi
sions of this act are hereby repealed
See. Ia That this act shall take
effect thirty days from and after its
passage.
Somebody said, very aptly, in re-
gard To the position of Secretary Win.
dom on the silver question: remarke d
Senator Beck the other evening.
"that his scheme was a very UNIQUE
specimen of very ingenious trifinp
with very grave question. He
always was gold monometallist, as
the Congressional Record shows. On
Feb 10, 1873, the Band bll as amen
ded, passed the Senate. Mr.. Window
was then a Senator contending for an
increase of the weight of the silver
dollar from 4l2i grain, to 420 grains,
which was the position taken by Mr..
Sherman and many others as the best
way to destroy the legal equality of
the silver with the gold dollar. Mr..
Thurman, of Ohio, in "a very brief
statement answered conc'usively all
their objections by saying:
No man denies that before the de.
monetization of silver, whether it took
place in 1874 or 1875, every man who
promised TO pay in gold dollars of 25.S
grains, or silver dollars of 4l2l grains.
or greenhacks. The proposition is
that those who promised to pay 412I
shall be compelled to pay 420 grains.
which is the same as if man had
promised TO pay with bushel of wheat
anu - ngTeSS snoulu efact tnaJ he
should pay one bushel and peck. 1
know of no right that we have to i'm
pose any such additional burden upon
the debtor class of this country.
"To my mind this covers the whole
controversy. as every bond of the
United States now outstanding was
then outstanding, and many hundred
millions more. All the Indebtedness
Of the States, municipalities. corpora
tions and individuals, aggregating
greatly more than the public debt of
the United States, was payable in sill
yer coin of 4l2l grains to the dollar.
Either TO deny the right to pay these
obligations in lcgal-tender silver coin
or to increase the weight of the coin
or to degrade silver certificates to mer-
chandise, is an unjust bonus to the
creditor and corresponding burden
to the debtor. l have argued these