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

- W.T. y.
srseem the pledges Of the two great national
mrttes and OF the administration there should
v coinage OF gold and silver on a parity. Nswf,
ssm~d said Mr.. Vest in a cuutemptuous tone
azf the question Of the expense was 70 BE in.
sxsea into the discussion and that. Iea-fns
ae great and absolute necessity OF parity.
Rsafurs we're led into an examination OF the
szmner Of dollars hat the change Of ratio
vuad cost He had made \ short analytical
szssrens Of n account between silver and
ss government az this time II showed the
FrHt TO the government under the Bland-AIIf
m sef of iss3 as lin round numbersJ sDOn..
an aad the profit OF the Sherman &C,
Il ns as Ne.000.oo. the total profit Be
hx sTSg00u0 The ureoined silver
= the treasury was i31.m0.0D ounces.
Ed the profit on that Es.0o.0o0 The nunber
s5ncss necessary 70 recotn the silver dot
arr aow coined was ~ 90 co.. and the nunn~r
sssssary 70 recon the subsidiary silver coin.
z1sa II this quantity Of silver bullion
-. aken from the uncotned silver In the
1szssSy On the sth Of August there would be
81 ss Of Eneoined silver In the treasury Il.
NM c1neeS.
Els summing up Of the SILVER account was
eNlf ia
aSatsf iEr6a.xi
49, "A ANN VI .A4NEL--aaHaAa.~E t2s-H4 ~
ns1a secretary Of the treasury. Mr.. Vest
nzrzgsI mean. % put the question fairly to
y American people why had he not told the
s-sse What he proposed Q do with the vast
xzgunt sf silver now uneotned in the treasury
rea he purchasing clause Of the Sherman
ri ssr- repealed Was that silver "a be there
snea@se % oimetslIfsm for al time to come
" nd the secretary propose TO coin Il and
sf g IN the treasury as dollars
Hr Eil then resumed the acor aud Id
c-sed the senate There was perfect quiet
"a stAlaess In the chamber while he spoke and
ne ciosest attention was paid to the speech
sa en the floor an In the galleries.
eenneretnx his remarks by an allusion %
: president's much commended and critf
asef special message to congress-" Senator
MI supplemented the presidents quotation
nm Daniel Webster by the opening sentence
asather famous speech OF the sane di=tin.
Easaed statesman In which he urged upon the
nss Before we float further on the waves
debate let Us refer to the point from
xrrh We departed
Afoptizs Wehster-s prudent suggestion, let
sarss recall the peculiar circumstances IN
= which We meet. and the important eharac.
&c me duty which surely eonfrouts Us n
ne existing financial disturbance may Be at
1919 - tAEtf r1u-fH
first. 1t IS a natural or Inevitable result or
11a~nt II Elny years Of real or fictitious
FsspeT1ty. The nation IL not unlike IN irdi-
n1aaL Sickness Is facident to humanity, and
mM1errial panies are Incident 70 trade.
sstadent Of history knows that financial
rars oeeur about every twenty years. snd
eoantry has not been an exception TO the
N.aA rule b paaics Of isi3 ISs- and Is5.
%aaf have led Us TO Anticipate one IN about
y addition TO these causes. which. for the
Hpose Of thss arg 1ment. I denominate nat
= eaaseS. against which it Is probable that
-Tadsnee could guard or prevent. there was
- MASON 10 spprehend financial ro1bies
tine owing 70 the Violation Of correct
N1'aess principles o. the part Of our business
m n their haste to become suddenly rich.
- financial eeuters have been flooded with
~ersa stocks Of every description in which
ZNeent people have been induced TO invest
neans BY the zlittering promises Of enor-
- asiaends which are not Forthcoming
A1aor eanpes me 70 say that these trans
-.ons nave Usually orixinted with that class
@AaAneiers who insest our warts OF trade and
odss SYSTEMATICALLY attracting public AZ
-aan y thstr parrosfike cIamor for an hon
aoaAar and against the continued use OF
AF-r money.
ssstGes se sre suffering from the evils Of
Fro1ectfcn- The balance % trate has IN
-a.aaAfely been AGAINST uS We have sold our
aoaa and other securities abroad instead OF
-1r and the Interest As vel A. portions Of
PRINCIPAL have Keen coming due aud must
~1ta gold. because IL was 50 nominated
eoni and hence our gold has naturally
leaving Us for foreign shores.
s4aestlonably some OF the present ain
nay be attributed 70 the u~neasiness Of
= pfoteeted Industries which have been &C
-@1ed 70 rely to certain extent upon gov
s--entai favoritism 20 support them They
~ disguise the fact hat such uneasiness
And that 1t contributes its share TO the
- existing disturbance Of financial az
aAAere IS no relief for his situation IN
Ae Dominant party abandons its prtnei-
e11 surre1cers in advance 70 the inter
.alen we're defeated at the last election
noeratic party Is pledged 70 tariff re-
and IL must redeem its pledge come what
" course IL must he expected there vii
friction II Is unavoidable Il Is In
s. 70 Tue anticipated withdrawal Of public
n private enterprises. n IL can not De
1870. but must he endured The people
[se'y understood the question last fall. and
voted with their eyes wide open Our
Nsonvard and We shall rot retreat
~ssonc-Some portion Of the presen, panic
traced to . concerted effort on the part
-erocs nouometalIists to produce IL In
40 further diseredit silver As a part or
sandzrd money Of the country. Win
A1a Eiee they welcomed every hank Tall
specially in the silver states. little dream
mat such failures would soon occur AZ their
coorS They encouraged the boarding
1oney. they inaagurated the policy OF
aeans TO b people even
ne best Of security: they
-~ed false petitions. passed absurd
Earning resolutions. predicted dire disas-
.N-Aeked the credit Of the government.
80 exact . premium on currency, and
~-s.sc In every way 70 spread cisE1ss
s saEsuEkcat tne isa3