Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1893-08-31

nanktnE system Senator VOORHEES, asserted
tAas ths BANKS wer~ entering In .
snec They intensely realized that ths
PRESENT supply Of government boats
ior baking purposes mast - very largely IN
creased rtthis the nexs ave years. or they
uoaad - forcef 10 commence winding an ant
r~vsreatnx trom tae th-ater % action Ia whicA
they have 40 ioax appeared Fourteen years
hcnce, IN ieE. the azt bond On which the
banks had issued their currraey would Rave
he-n redeemed and carc~i~i Irn~ before
tns TIE question % q r~rp~tuatica Of
TIE national banking system woaid b.
pr-ssed peremptoriiy oe con-r~~N Ia
v@~ % The recent action % the banks.
congress could not too -oon consider ~hat .y.-
tsn the government should Aiopt In thc mar
future in Furnishing a Circulating neiium 10
NJ p~opic Senatnr voorhees, to<sk bis stara
AGAINST the exi-tsnee. the Increase OF -
p~rpeinatios % the national debt tor 10 pnr.
pc-ss % national banking. and called upon tae
millions Who constitute the great array q
time on-aa issue that vii nos ds-n ct any
MAS bidding
Senator Voorhees, then rrrc~esgea to oatIgns
BIS hiea OF shat was 10 faliow The national
harking system. ard sail that wh~a N.
Democratic PARTY declared IN ~ national
Platform fee the rr9-al % the govern
mert tar on the issue of state naaks a IA.
- 49,
ss 10 . puhlc enemy under arms xAs
about 10 Invade the eoHntry investigation u
ne sunleet howev-r. showed that no cnr had
ever Lost . dollar ~ tho depreciation 81 tho
notes cfA regularly chartered state naak. or
- failure 10 redeem it, currency IA
gold or silver shen eaiIeS: upon 70 ID
50 II vas thls kind % q circulating rnsaiunA
resting on a specie basis and always re-
aermahle. that was driven out - 81
iStsncc By . rparfers. tnssaerrs mosi.
o. taHsucn fer th~ nens o. % The nauousi naaNs
SENATOR voorhees, denied the cou=utationaIisy
q The 10 per cent TAI on state nank eireulz,
tor. even though a majority % the -upr~rs
court had reached such = eousiusian. and argued
Tor the right Of the state 10 provide its p~opl.
vita a circulating medium 2rouxh the Agency
Of stair backs
G~r~~nhaeks and state ranh Money.
SupposinK that their state Rank tai rad
e-ca repealed Senator Voorhees, asked.
vhAs IN that event would congress dol
He I'D not expect the government sv~r
- abandon . national currency. thoaxn
u would srsndoa The system Of national
eanks. but he CID expect at no very dlsIAni
day that Uuftet States notes such a. arc
n0w and have been in eristeace FOR thirty
years past their payment guarzntres ~
the honor % The government would "a
pcrsesis AL other national money except
sold and silver. and that without ar OF
$3.50 50 H4A AAA
Of the peepie aloaEside 81 the well guarded
safely secured currency issued by the state,
and guaranteed. according 20 the constitution
By both the precious metals Those who Iivs
20 witness the adoption Of this policy would.
senator voorhees, thought look upou ths
safest. strongest and most beneficial system II
finance ever known ia American history II
hai In il the elements with which 90 accomplish
the paramount ard Indispensable features d
al sound financial legislation
a F1nanetsi M~uIeaaian-
l. A suiieisnt volume % currency al all times
state ard nAtiona4. 90 practically a specie basil.
Guaranteed siso By public houor-Wtth shicf
20 transact the growing and expanding business
Developments q the country
. Tne absolute denial and destruction q al
power in the h1ESs Of Individuals eorp1rztious
or syndiratss ~ cause fluctuations In Announ
Of TIE different eurrsncies In eircuisttcn. thu
reEdertnx Pan5ss and busiue-s distress im7ss
slnl~ Tor fh@ fxrE--
a Every aollsr in circulation. whether gold
or silver, state haak paPrr. or U-4ted state.
notes "a = strict parity and interchangeable
win ever other dollar. tins securing 70 ~
people The eerents and advantages q bsth
state currency and q rational curruucF. eircu
i2ting ia harmony s1d uniformity. Rna pr
forming all tae fGnetscas ef money a. haIne ana
abroad
4 The settlement Of h vex~d question a
silver money a. enc. and forever. by author
ixing IL 10 form - porticn ot Inc specie bassi
required By the constitution FOR ever
chartered hank Ia ths union. ~ rrcagniElng &
when dednfux The possrs u the states 10 naz.
legal tsnisr money. thus making the Use o.
silver, coined into money. a. Imperative as III
b useful 70 the great body u The peopic
s. The total AMI complete avrrthrCW Of tns
dangerous eenSralixAtioA Of the money pow Fl
now existing At = few money centsrs AMI in "a.
haaas Of a fss iniivtiasls By giving to m
people % the states the right ef hsme rule OF
the subject Of money Aad thereby securing q
them a reliable. noa- aactuating home eiregls
ton
To these Eve propositions senator voorhss
aided but one more A carefully adjusted asu
graded income uAx-s mo-t equftAhls aad up
right measure In providing government rev
enle and demanded hy oid-fashioued eteruA
justice.