Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1892-01-08

Ing Cnupr ~ tu be more literal in iii
anp'Uptintinns tn enable the wiz u.lf
iayy department.. tu p Ate the c1untr,
in thnrnuEh condition ot dete,p+ st
. ~ to l,e prepared to MAINTAIN il nA'
tht1al dignlty ami protect I's tumbltk
cltlz~nn III any port. .. r..
j. Tie Vie President |uid tefott ttt
>euate IL ne~sAgt tfntn*si 4: Pre- ideut
;.ttai1>t,'1ttlng the ~ r~tme1t ntAA+ J..
tle tD1nut.+itlItr~ will: h. Indian
Ht, He tnlv1lle rt.s .srvutlntI III ,V4>h
II g."h. .-... :. -. :.~>.:: H.: -:
: Am,1 1:Etn ne bills iutruht.t, Il and ri.
hlr~t "a~ nne granting ['t4n-loal+ tt
H'lt' rs nj the %enti1pIt~ AuI 4 th,t
t Indian wars. ::. -.
/ M"rgan nifer* Il u re~nluti,t,: t1if+c ~
ttE Il T. tnnlmltttt un futetxn rrlAtitu.
tn tuuire Into the trngrr-z made ntI
tie work nf til. N1tnragua caua.
| The rrHnl4tion was laid On the tnhIe.
Morgan s'httnK h+ wtuit cali If up tt,-
| morrnW. The biIl intrntuee1 hy
Ste~Att, fl provide fir the frtt e.,it.a e
Of gold and silver t,ulion Was tak.n
lp and Morrill, pr crtded to ad,ret Il
'he S-uatr. Morrill, criticised the
! speech hefetofnfe made hy Stewart
"n the sHtne subject and spike >ntp.
position to the bill for the tree and un
| limited G. inage of silver, He i. ucw
aud ever will he In favor If maintain
Ing gold and silver circulation and
silver to the most extreme. boundary
that could u,afttai 1t on patity
with gold.
He had not voted fur the silver act
of 1900, for the rea-on that silver hui.
lion VIVA neither to ba paid In nor to;
tie paid out Ia accordance with the
safer proposal Of Secretary W1udom
and that the silver to bp purchased
wae fixed a. It appeared t. him at tn
magnificent amount and also that the
full price had 10 b. paid for rot1l mod
ity which the Government could nei+
fher e-'I nor part from. toauy conrider
able extent, without financial rtvo'u
ttnn aud serious lo>~.
Merrill vent on to say that national
hank nole- were rapidly being made to
step down and "ut t. give r,un,
I" SILVER f4per. The or ginAI United
States notts nr yrernback4 Were likely
tn kW the UrXt >AfriEic- 4 1-fuan led A1ltt
stored in .tuer te i't the winnie tI4Iu
tn ~l'ver pAp+r. M XXI cdi+nt+ had
tetn t,ntrl d, and uo cnst wjtIlh-ld %
1tu-h "r esrry silver dullA1s Int tircu
iAtiou, n4t 1t demonstrated that no
mhre ihsn that about SOM ,UfHt out nj
over four hundred sniIlior rnirec
could he fn.xtd Ur kicked Out of The
trehau,y. Thr weight wa. nt:)ert+d
tn ns t',o heavy nnt value tno light.
In the treasury to-day there are over
$4,000 TOMS of silver, aud nlore canning
In monthly. When aud where wa-
this -ilvtr deluKe 10 end. In ten Years
mnre, under the existing statutes the
Government might have iork-d up IN
tts >ubterrnneAE vaults silver to tht
aggregate amount NJ perhaps nfort
than one thousand million dollars fnr
ali of which lis obligations, payable IN
cnin, would he outstanding, and
shou Il thi+ inuudatinn be tnrtuer
aggravated by tie unlimited free
coinage, no silver certificates or trea.-
tHl n t.r
bullion where .hey had bven presented
fur payment In silver, but they were
paid IN gold when 80 deman ded. How
long they could be kept en- parity
| with gold IL already matter Of public
] and profound concern, and j. largely
dependent upon the honest and proper
Interpretation Of the law and The
courage and skill OF the secretary ot
the treasury. Whenever tbs gold
treasury should vanish, these certifi-
Gates and notes could then be paid
only ir silver dollars, and those ~
| money were known to he not worth
their face value. As security for silver
certiticates or treasury notes, which
are to circulate at a par with gold,
they are notoriously inadequate, as
41ol grains ot silver, nine~tenths fine,
would fe'ch no more than seventy
tour cents, and 1t would be hardly less
4afe and certainly equally honest TO
base such certificates and notes and
clrulate them ~ good money upon
iron or copper, or upon wheat pr
Tobacco purchased and accumulated ln
like manner ut thirty'tt,ree and ones
third per cent above the market value
as To 'bAse such circulation upon the
so~called standard of the silver dollar
under free coinage,