New-York tribune., 1891-10-15

mot coll at mar uness rupnipg for longer period IN
sisted that the per cent bonds should run ior 'V
years. Greenbackers, like Mrs. Emery, VINO ho" O0i'
plain that the bonds run long and cannot DC pau
until due are the same people VINO HsiS'eu "pO'
making the bonds thirty years IL required sum.
ten years to complete these refunding operauons-oi
which the larger part was accomplished "Hle was
Secretary of the Treasury-and they resul'eu Ill 80
ing of onehird Of the interest on the deo'' ~ i''
from IL being in the interest Of the bondholuers IL was
TO their detriment, and only III 'le Ih'o'e' Va Wv
people of the United States.
M ,ox4 " conspiracy, complained of is the al
legged demonetization of silver by the act ieVisne
the conage in 1873, the silver dollar winch hau oee
suspended by jefferson III 1eO3 and prlcucauy ue
n'onetiaed in 1885 and suspended by minor COINS III
IsS3 and which was issued only In later years as
convenient form In which 10 export silver anu .,io
vhne amount of which from the beginning OF the
Government 10 the passage OF the act Ielerieu - "
was only IS 100000. This silver doHar was, uPon
th petition OF the Legislature OF California aud upon
The motion Of her senators and by the unanimous Note
of both houses OF Congress without ObJecuOh lOln
any one dropped from our coinage, and in lts place
was substituted the trade dollar, containing rev
more grains Of silver. few years alterWiiu sllVo
having fallen rapidly in market prices, Congress re-
stored the coinage of the silver dollar limiting the
amount TO not exceeding "a 100000 nor less thaa
% tweSve SeaS we issued over 100000 900 silver
dolIars-nfty times the amount that had been coined
prior to 1873 And under existing law We are
purchasing 54,O0O,OOO ounces OF silver year; SO
That what she calls the demOnetlZatlOn OF SILVER Has
resulted in its use n country to an extent more
than hftyfOd greater than before its demonetza-
ton In spite OF all, and growing out Of the ln-
creased supply silver and the cheapening processes
of its production, 1t is going down ~ the market anu
is only maintained at par with gold by tue ha' oi
the different Governments coining IL. Now the de-
luded people belonging 10 the class Of Mrs. Emery
are seeking TO cheaper the purchasing power OF INC
dollar In the hands of the farmer and aborer by the
free coinage OF silver and the characterization OF gOd
silver and gold should be used and maintained as
and this can only be done by treating the cheaper
metal subsidiary and coming it only as demanded
The seventh inantlai conspiracy is the pride and
| boast OF the Government OF the Ohlteu STATES te
restoration Of our notes long after the war was over 70
tho standard Of coin in OTHER words, the resumption vi
specie payments. This measure, which met the violent
opposition Of such wild theorists as MIS-. hnerSi Has
demonstrated its success in the ludsmenI Oh ai Ia,
enigent people, not only IN the United states Dlt IN IN
ali the countries of The World IheTe Is no tanualH lor
| paper money except coin. The united states pos
oned TOO long the restoion OF It's n9e: & to com sG me-
ards. since IL had the courage 70 40 ts uiuel te @
Resumption act, the first day Of January, 1919, we
have had IN the United states standard Of god VII. WIN
coins Of silver, nickel ana copper mlntalIed az @ tal
standard by the fat OF the Government, ana paper
money in various forms, as United states notes Na-
tonal bank notes, gold certhcates silver
and Treasury notes all at par with gold 10 can TINS
conspiracy or an infamous PITt b Is 3nUGf a
but is rather the glory and pride OF the people oil the
United States that II not only has been able in the last
thirty years to put down great rebellion ana to abolish
slavery but TO advance the credit OF the United states
the highest rank nations to increase largely
the currency of the country, 10 add enormously TO
any productive interests and to develop our resources
| OF the mine. the field and the workshop to degree
unexampled In the history OF nations integeht peo-
pie who reason and observe will not be deceived or
|
OF Mrs. Emery. Temporary conditions growing ont OF
| the failure Of any portion Of crops will not dis
courage them; the eXaggeratOns OF the morbid fancy
will not mislead them. a candid examination OF the
great financial measures of the last thirty years will
lead people to place what Mrs. Emery calls the seven
| financial cOnspipces" as the seven great wise and
staesmanlike steps which have led the people of the
United states through pertls and dangers rarely ell
cOntered by any nation, from feeble cOnfedeTacy
with 100000 slaves and discordant theories Of con
| stitutional power TO a great, free Republic, made
stronger by the dangers it has passed, model and
! guide for the nations Of the world.
1 A for v,
| l do not even deem them worthy Of answer. She re
peas the old story that ] interested In the First
National Bank Of New York and gave it the free
OF the peoples mOney-a plain lie, cOntradicted and
dsprOved over and over again. never had the slight
est interest in the bank, direct indirect and the
public records will show IL avOrs, but treated
| like all other repositories OF public money and held
to the most rigid accountability: have in any
case derived the slightest pecuniary benefit from any
measure either pending in before Congress since
| have been in public life.