Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-08-31
WELLINGTON, THURSDAY. AUa. 81.
Ernest soya on Demonetizatlon.

W hNAA sAO 9AAfNA 1870 :" 49, Ah NNA
vention at Chicago on August LIST sent
out their resolutions reiterating the abb
surd claim that the silver dollar was
demonetized surreptitiously and ignor-
antly by the Congress of 1878, THE
GAZETTE took up this claim and showed,
by the Congressional Globe, that there
was absolutely nothing in it-that the
bill demonetizing the silver dollar had
been under consideration for more than
two years and that the speeches that had
been made and the documents that had |
been submitted pending its considera-
ton conclusively proved that any and
every member of Congress who gave |
even superficial attention thereto must |
have known exactly what that bill con-
templated.
We recur to this subject again to note
that Senator Hoar has thought it worth |
while to put quietus to one OF the
familiar elements of this fabric of mis-
representation that has grown up among
silver miners and their allies during the
twenty years that have elapsed since the
legislation referred to. This is the
balderdash about English bankers hav-
ing taken q hand therein. The silver
convention revamped this stale absurdity
in their resolutions, referring specifically
to "one Ernest Seyd, London banker,
who is claimed, was sent over to Wash
ington by the moneyed classes of the
Ola World to secure its passage by
secret and corrupt MEANS" and saying
further that "eyery hours DELAY in un.
do,n, 40 oorr,,,,. ,vorb ~ Irr,a,t ca,d
uoinS 'ne ooiiuP' WIN VI ANines' s"yu
and our foreign enemies is an insult to
the dignity of the American people,
rush;nn Srrdo,, -, tha;, ,1ros,,ari,,, IA
uaae ." - ~ 'ns'. p.Uop ,'su ~ Nv
u, a s,a " -, Pa o 70 ,uoaSion. .nS
80 ~ - ou.. 49, 1919 - De-,
w a1 o :, as,..0. !. = S;moa,. ). ~.
v sOs ". y - o.',,S 80 80
80 ~" any '.I $500 Ia 800 80
~" D.. 60. - gs Tsassa ~
s D' ~ 80, ~ - ~.
sS,,, go ~ ~ Ga ~ 80 - ~.
A "a sAs Oo',S - '' In's" 49,
49, 49, 80. -, T.~o.. 80
issSS, : -essoi Nv, w seno ne't 49,
op feoruary ifln, lo'S-a year before
tke passage of the decentralization legis-
l,ouav IN ,,hiSt, Io,,or M ca,,d A.
"nien ie'sei niA' SoSu 1e
votes as much space as would fill two
'or sEree columns in THE GAZETTE to
ars1 ~ mS,t aoaiust that verv section Of
of the bill which provided for dropping
the silver dei,ar from the list of legal.
III - ..-., IT. 4.
.onuu ~ a niol'sen So-no no pesihS niS
treatment of this section by saying:
InoTscome to the most important mart
offtbe bill. that of the valuation. which.
recording to section Is, omits he COINAGE
Of the silver dollar. and confirms the de-
based silver coinage Of half-dollars and
below nnder the tender limit Of IS.
Incidentaiiu tbIs shows that Mr.
ssv5 Ensw - d,d AWAY o.her ' snsro ia.
who took any interest in the matter
,h.t ,ha M, ,t,;oh ,r.s na,d;na hotors
"s 'no Oii- untNn wac FenuihS peloie
Congress in 1879 and was passed in 1873,
contemplated the abolition of the nm.
-, 80 :. 49,. 80,
current, and, at that time, oyervalued
silver dollar-overvalued because II was
than ,vorth moro 90 natal than III.
-, - -N
gold dollar.
Further on Mr.. Seyd saws;
Apart fran tho thaory ,vhv shor,l
4 America have givsr m ~ o;inssr daiIa.
Tbe cause ~ III trn,, oo c,.n,,
.ihtson Il dua a.. ~ ~ y, ~,
Ihs;ne, To- Sre,,ch siI,,ar r. a. 49,
WIZ abonid II al Il. rs;r,S rpp ,SSd a. a,
trna f,,I} Ssa,,ht % IA Asa;, ~,sJ 1917 ~ y
taSain On" ~ AZ 49, a.so.ts &c I'm.
neercaS ~ ~ ~. a. y, III
e~SS5at;or TO - es ~ 20 .s ui, y. y
sf ~ ao,,i,,aiat g. ~ .S - y !.
n;nss ~ M ca,,,'t. au ~ ~ CIV s.,
snnnIv ~ ~. tSarofSra 'a ~ CIV 4; hie ~
saFta3 AZ hI,,tar ~ - e. ' ~ nole - II
fhat the TTnitsS states rith Snsh has sI III
and silver mines, IS in the eninenti
favorable ,positson Of upholding, the ful
GSIs "I vsiu s4lu ana sl,'sr AM 'h ha "a
would beFof great beheiit to the country
Against ibis danger of too muc
stsl otoIito Nv mi, i's SaIO % n
dollar. ~ ava Both restrictions CON
plAed wiz 9pdoubtedly prevent any excess
fssned and nssd The issna az nors nv, WI
te Made dependent thereon; SO that Will
H. .ne present tne gold valuation we,
not bstsSSt abruptly and forever C on S,Ive
aad, pending the future international Sc
XeAsnt Of a nniversal system OF valuation
EnS oiiiy practicable but necessary' u IJ mr.,
ibis upon, You, not only on cosmopolita
put sSS ~ one interest Of Anne
portant part OF tie world, PUSHES blind
and irrrevocably into the gold valuation
bIe erros ths Sss 70 ., 'a svgge genera YER y