The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-08-21

THE FORCE or LEGAL TENDER.
ila. When In any country there y
more than one kind OF money which is
Ia legal tender in the pay ment Of debtas
1.-The debtor nav elect which kind Of
} money he will pay In. IL the creditor
had the choice there would be no need
pof legal tender.
4 When the public debt was refunded.
flthe new bonds were made BY Law pay
liable in "cOin OF the standard value Of
tlls72." and this provision IL printed on
slthe face Of the bonds. The Government
tltherefore, has the option TO pay the
bonds in either gold or silver coin: IL
lie sometimes claimed that the creditor
has the right 10 choose whether he will
fltake gold or silver but this 10 not 90.
The option is with the Government.
There is no debt Of the Government Of
'Isny kind not legally and equitably pay
|able in coin ofeither metal."s
ll3. Prior to 1873 every obligation Of
,Ievcry description was payable in either
silver or gold coin. at the option Of the
debtor. These two metals we're univery
flsal solvents in which all obligations
could be liquidatcd. No obligsticn
|could be made stipulating value that
metal. II the creditor was left TO choose
1.-The kind Of m0oey be would take in
: payment Of debts. legal tender. as already
j Stated, would be Of no effect, and there
would be but one kind OF money, and
! that The dearest.
j ia. Recently, and since the gold has
: been tending upward, there has been :
tendency to make contracts payable
specifically in gold. But States have the
fright under the Constitution TO mako
D Icoins legal tender for everything
' land several OF the States have wisely
slprovided that all obligations of debt
shall be dischsrgeable in coin or legal
0 SLENDER paper, stipulations to the contrary
4 Notwithstanding"
III THE REST MONEY AND THE WORST.
2 ll5. Tho best money is that which is
most stable and constant; the worst
money is that, no matter OF what il IL
= made, which is constantly increasing in
; value, for that means that everything
else is decreasing in valne. From no
= oother, In no other way, has mankind
greater wrong or more Injustice
y than from alterations in the value Of
Omoney. BY no other agency have thooo
.,lWho did not create wealth apd we're not
"ontitlod 10 it been ablo - umoo peok. -
|rsfksf y eheusslvoe uhot rIehl1sllD -
0'longod 70 Others, q by obouGInE ~
|money standard end the creation ed
)Olpespe(uasion q the present day og vn.e
Al sl0ebls. unknown . century and hall
'6Iago, increases on0rmously this p0wog
{ siand multiplies beyond calculation tbs
q danger.
- INTERNATIONAL BIMErALLtsM.
1l6. A conccnsus Of leading CONNER
cslcial nations on common ratio between
cy ylgold aud silver, with an agreement 70
* keep open mints for the free and uniimi.
In ted coinage OF both metals at the agreed
ratio, il no doubt thing to be desired
"a but all efforts 10 that end have thus III
q failed.
an III. Creditor nations gain by making
Il gold dear. and England. q the creates
its creditor nation, with large income!
from other countries. payable In gold
lallhas refused all overtures looking to In
m -Iternational blmctallism.
Oh BORROWING OUR FINANCIAL SYSTEM.
IN i1S. Have we not long enough de
.uc -. pended on the Jews OF London an'
~ Frankfort for our financial system
sc 1l9. Our accumulated wealth exceed
! ~ that Of any other country. The value Q
us' our annual products IL equsl TO that .
80 any other two nations. We save y
n ANNUALLY more than England. Franc
- land Germany combined.
IN 12O. BY the middle OF the next cor
-. .Itury, at the present rate Of increase, ou
on population will be ESQ. .O0cOOO.
.e" 49, To supply this population with 30 pt
capita would take as much silver - q
lcontineut OF America, fr0m Alaska
pafaConia has welded aimee It's discover