Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-11-30
The gold basis was the next to re.
reive the attention of the secretary.

.reive the attention of the secretary.
.Goka Is the only International money. and all
trade balances are settled in gold. or. which is
che same thing. on q gold basis all other forms
.of currency being adjusted TO that standard.
III ID useless for the advocates OF q different
system to insist that this ought not to be so; 1t
Is So and we can not change the fact. But the
gold eagle and double eagle are not accepted ut
a particular valuation In these settlements
simply because the United States OF America
l.aaye declared by law that they shall be legal
Gender ut their nominal value. but solely be-
cause the bullion contained In them. II UNI
coined. would be worth everywhere the
same amount This is great and
powerful government. but there Is one
:1hin2 It can not dot can not create money.
There are some things, however. which the
government can do for the establishment and
preservation Of q sound and stable currency.
In the exercise Of its constitutional authority
Go ''coin money and regulate the value there
Of" it can suspend or limit the coinage of
either metal. whenever 1t is ascertained that
the coins Of the two me tails. OF the same de-
znornination are of unequal value: or it can
change their legal ratio so as to make them as
near equal in value as possible; or 1t can MAIN
tain the parity of its coins by receiving them
All public dues and discharge all Of its own
obligations in whatever kind Of money its
Tue principle or rule Of law that the option
as to tho kind of legal tender with which an
obligation shall be discharged belongs to the
'plicatioa In q case where the government Is
sues its notes to circulate as . currency among
'eke peeFae. and. by making them legal tenders
.N0npefs the people 70 receive them The pri
waite citizen may very properly avail himself Of
the lawful right to discharge his private obli-
stations. held by voluntary creditors. In any
KIND Of legal tender money. because he has
son.y his own personal interest to protect and
ewes 10 public duty in the premises.
But whom the government OF the United
States has undertaken to supply the country
9th q currency. and has issued its ooliga-
among the people in the transaction Of their
r,rivate business. and has received for every
dollar represented by such notes dollar 8
North Of the peoples services or dollar 8
worth Of the peoples property. its honor. as
veil as sound public policy. demands that they
,Ghall be redeemed upon presentation In money
.r.rreot in all the markets OF the world No
.0,,verumene can honorably dtsparage or de-
Ireciafe its own obligations. and especially
.1ehiirnfious which IL has forced its own people
20 acoepk: nor can any government honoraoly
sjiscrinsiaaSe between the different kinds OF
.o~eW O currency which ft puts In circulation
WS~fev9 nav be the differences In the forms
49, nm lifies Of tho currency while II remains
2. rSS0rlatioa when the time for ultimate re
1-nsfau comes all must b treated alike.
.Tne secretary expressed himself a.
,eoilovs On the question of bi-metallism
- couusry has recently beard great dsa
- nkneesuisn end double standard ~