The Butler weekly times. (Butler, Mo.) 1881-1918, 1892-05-04

none, said the Master. but such as
I have I Civ unto thee
As We have said. the sentiment in
favor IF all abundant silver coinage
grew. It's first victory III the na-
tional legislature was the passage II
1878 Of the Bland bill in the house,
a ID its equivalent introduced by Mr.. |
Alison in the senate. This was the /
act that provided for the issue OF
0 II present silver certificate, based !
0 deposit Of eilv com, which IN /
| IL g lately relieve, thr luoLey strln- |
gency TO such IL d. glee that congress
deemed it wise 10 goa little further.
Tnrough the act OF 1878, introduced
and pressed to passage i'll the house
by Mr. Bland, of Missouri, was a
democratic measure, the republicans
We're unwilling that their opponents
should have all the glory and polit
cal advantage that accrued from the
silver law Of 1878, for in 1890 they
aided the democrats to pass the
54,0O0,000 ounce law, or the act
authorizing the United States treas
urer to purchase IN the open market
that quantity of silver bullion each
year, and upon it to issue notes rep
resenting the equivalent value OF
the bullion coined and deposited III
the vaults of the treasury,
Thus far, the silver movement had
met with favor generally from bust
ness men all over the country. In
the south especially the coinage idea
!. was popular. The negro laborer
knew what Il silver dollar meant, fol-
, his earliest notions OF money was de
g rived from the day, when as boy
his old master had tossed him a
. quarter for some little service. 1t
y was bulky to be sure, but the color
ed laborer liked to feel his money {
q weight. It's ponderosity seemed t
q insure it's value and give it dignit,
r. that bit of green paper never coul'
20 attain.
1t has been said that the sllve
= Coinage act of 1890 was general.
. received with favor among buslnes
-, men. But when it was proposed t
o throw open the gates and pass blI
for the free, unlimited and unrestrlc'
ed coinage of silver on the basis O
, sixteen to one-as compared wit
cold-some of the ablest buslnes
men in the country, regardless c
IS party, began to fear that we wer
-, going too far. They said if Europ
:, would take our silver as it did ou
= gold. there would not be the slight
- est objection to making as many 81
K YER dollars as the metal would tur
:. out. But Europe, as yet, will NJ
- do this. The opponents OF unliml
r. ed coinage said we did not want
circulating medium that nobod
outside our own government wou
- accept. 1t is to reach some agre
ment with other nations, that an a
:. tempt is being made to have an i
:, ternational monetary conference ca
ed with view to reashing an unde
standing in regard to this silv
~ question.
~ SILVER IN THE PRESENT CONGRESS.
When the present, or fifty seco,
We. congress was organized Mr.. Blar
the author of the act of 1878, W
in. appointed chairman OF the comm
ok tee on coinage to which would
at:- referred the bills relative to
yol. coinage of the two metals. The
co, We're a great many Of them so int
ew- duced and so referred. From
. of mass of these bills Mr.. Bland co
,ug posed a bill incorporating into
les such features of the bills referred
eral his committee as he thought W
ms advantageous. which he reported
bic the house in the latter days OF r
The ruary. 1t provides for the f
sill coinage of silver and gold at the
fer. gal ratio, aud also that the ow
ing OF either gold or silver in bull
ala. shall be abe to ant 1t at
,ore United States mint and receive
pro. no.es-such as provided for III
,old act of 1S9O-which shall be lie
ne" tender for all debts. public or
yavs vate. Finally, as a CONCESSION
II the scientific bi metallsts OF fral