Arizona weekly citizen., 1891-09-12
Yhs Qsasssssisans, rssa cslnses Asa,

awe, the peopls of The United States
In order to tctm more perfect union
establish justice, insure domestic tran
guilty, provide for the common defense
promote the general welfare, and secure
| the blessings Of liberty to ourselves and
/ our posterity, do ordain and establish
this constitution for the United States
of America"
Art. L, Sec. 0.-Congress shall have
the power to coin money, regulate the
value thereof.
ACT of Congress, 1S37.-The relative
value of pure gold and silver bullion l6
ounces OF silver was made to equal one
ounce OF gold anu the division of gold
and silver coins in grains were created
III Ike ratio. This was a free coinage
act.
U. S. Constitution: Art. 1, Sec. o.
No tax or duties shall be laid on articles
exported from any state.
Acts OF Congress in 1873 Of purchas-
ing $4,000 at market rates.
Act Of Congress in 1876: Seignorage
to be accounted for without loss to the
treasury.
Act of Congress in 1878: Seigniorage
to be accounted for.
Act. Of Congress IN 1890: Seigncrage
TO be accounted for.
Act OF Congress in 1873: Charge for
coming gold repealed.
Are these acts of Congress in conflict
with Art. L, section 8 of the constitu
ton, that there should be no discrimina-
ton?
Websters unabridged: Seigniorage--
Something taken by virtue of sover-
eign prerogative and made branch Of
royal revenue.
Act of Congress, 1890: The silver
certificate; is it authorized by the Unit
ed States constitution, and now does
this act apply to Art. l, Sec. 10 of the
constitution? No state shall tender any,
thing but gold and silver coin in pay
ment of debts.
This government is constituted for
the people and if seigniorage is a profit
how can Congress authorize profit on
the purchase OF silver bullion taken
from an article proddced by Its people?
1t is stated to be fact that silver has
deprecated in value. Congress has
ordained that nine-tenths in silver shall
be placed in silver dollar, equal to
ninety cents worth of silver, shall con-
stitute a silver dollar with it's alloy of
copper raising the silver pure 37l4
grains to 4l21a grains, 800 fine. This
act did not create a hardship on the
silver producer or an iDjustice to the
general public. But let us see how the
present law acts. The treasury depart
ment purchases silver at market rates,
say 972 cents an ounce at 1000 fine, and
coins 1t, placing only 70 cents worth OF
silver in the dollar, a loss to the silver
producer Of Az cents on each dollar
coined. Are the people Of the United
States who receive and pass this coin
any richer because they have assisted
in perpetratlng a gross wrong on a
brother toiler Of the earth by unjustly
taxing en- article he has produced out OF
a portion of the United States? 1t is
huctuating tax because it is purchased
at market rates. and il no other good
reason existed, must therefore be un-
constitutional and void. o, We citizens
of these United States, are you satisfied
with passing debased coin represent
ing only 751a cents worth Of silver? Are
you and your families any richer in this
worlds goods because your brother toll
CT has not received just compensation
for the silver bullion he has produced
from Mother Earth?
Do unto others as you would have
others do unto you.
E. l.. WETMoRE.