Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-09-04

Decatur, T,y., Sept ., 1893.
Editor Gazeuc.-lt seems 10 me
that 81 should be self-eviden to
any intelligent mind, that any provision
Of law providing for the coinage .of silver
az any ratio as 10 the value OF gold
makes gold single standard Of value.
reduces silver TO the condition of
redccmdble currency and lakes from the
silver dollar every element of money
And This must he 30 from tho very ma.
lure Of money, as the term is used in
the constitution Of the United States.
The authority Of congress in regard 10
money IA found in section s. constitution
Of the United States. which reads; .Thc
congress shall have power TO coin mon.
~ regulate the value thereof and OF
iYrcikh COIN 10y section y, constitution
" rue hltei states, % Is provided that
nc state shnll make anything but gold
auh SILVER coin legal teudpr Ia payurnt
Of debts These arc tho ouly Grants
or restrictions In regard to money found
"a the constitution. The concregs nj tIa
United States, Ms early az iSD9 mo-
Vided foe tue coinage Of gold and silver
money ana hxcd the value thereof. I'M
has never passed any law fixing tho
uN - a",tikh GUNS. WINE congress
~ authorized TO coin money and Tx the
value ihurppf-thAt, ~, stamp The yalno
OF each coin-ryet the constitution dncs
not give amy rule by which valuation N
70 pe hacdi but IL j. very certain thnt
j contemplated an Independent Gyei
value upon each class OF coin. and moi
one uhsed upon the iutrinslc value Of
We metal composing tho other. For
olherwae the constitution would have
used language appropriate to cover sncb
an idea ''''"
Had congress- coined gold at certain
number of grains To tine dollar ami liz.
elarld that IL should be maintained MT
ne bullion value Of so many rrnins Of
sllyei, th'q gold would have been demon
eiHcd and silver would have bepn lilo
standard Of value in this country And
20 mat extent such an act wonId have
been without constitutional warrant
lho congress- was authorized 10 coin
money ana fix the value thereof-tbnt IN
stamp the value of each ,uin ON tho
saint bnt from. this provision can con.
gress inlet the hurthcn uDOn tho onvnr,,
mcnt Of tho United States ia ,nsintai,
either the silver ccln at rhc intrindr
value Of 40 many grains Of gold or ina
gpld CON AZ the intrinsic value az M
many gruina Of allvcry Ii seems Ia M,
lhat u would require bold, bad man
To 20 contend '"""
@ ~ ~ ~ Wlh money as used IN section
2 OF the constitution Of the UnitoJ
states all will certainly admit ,nnno,.
y ~ primary sense IL meant, AZ contra.
1lsilnEuishsh froni bank bills which mss
rs mOneyi that Il, represent monev nnJ
arr redeemablc In money. '
Tue congress OF the United Statas
uel@rting rom the constitutional rrnni
hlu adopting the present system of cein'
ny silver upon a guarantee tbnt IN
government will maintain the siivS, Nv
upon Z parity with gold. at riycn n,,n'
yer OF grains Of fine silver IA 4 ,.i,N,,
humber Of grains Of fine gold. bns MN
oer.I the government Of the Ilnitei
G.al't mo colossal banking corpornl
i. wv, III u',,r violation OF tho spirit nn1
Ir,,er OF TIE constitution "N"
we should consider some az ~. ~
n.eh,aiS PRINCIPLES underlying The mo,,n,.
question. FIRST Il cannot bo denial ,ts
ityM TIE earliest history W. hnve AZ Ky KY
coinage OF money that Il has becn uie
slWgeFci a sovereign prcrogatiyc amon,.
n',,, innn>, from the weakest to tho most
ppWetiul q preOgatiYe, too. which w
bevn mast iealously guarded nv eS, JUS
tion' nnd has never bean deleaoie1 y,
any oiher nation or congress- az na,Io,,w'
The coinage Of money hy zach ,.s
l,on Is regulated BY It's local laws sn1
those laws have no extrnterfitorioi f6r,p
or eueet They are domestic In the,r
~. t,ff ,,tN' AhN Nolnhft NNNttm Is pnapt.,l
ior the benefit Of the people Of M natien
LOT which they are cnactod, '"
u. II viii he found that tho n,,,..,.s
system OF NIL the nations OF I'M, ~
amer 20 greater or lras cxten, fs'l.,i
each Other, The system OF federal r,a,sn,l
Of The United States that h i ai,giieE
halves, quarters, dimes and ccntS h h,
vogue IN no other nation. So Win ~
French system, Engliyi system. eic '"'
y. Tue money Of no nation il rscot,..a
~ such by auy other nation. Onr lau7.
provide Tint congress may tx The vsi"s
Of foreign coins. and had conHr,ss dns 49, y,
and made them legal tepdei. ,yhien NM,
might have dong under that pfnvi,in1
such foreign cola would have bceh th,,
money OF this country TO nil igtcnts Ana
purposes as pnr own Cnih. Rnt az M
other nation had adopted our coin. and ny
before stated, all nations being iealDns M
their prvregative Of coming money. h W.
natural that our congress Should have
Jailed 20 pass any law liking The valne
ct tureign coins in this country
| II Is rensonnble 20 presume that the
I iramcrs W the constitution, resliginr that
we had no established coinage IN money
thought / might hr necessary mill a s,s,
ZEN Of federal money was manrnratel
'hai congress Shoald have power Il adout
such foreign money rs /; saw "a. ana VI
regnlaie the value OF tho same. But Ii b
| Nely evident that oul patriotic Sinte<nien
~ neflol thounht L unwiAe a. ma.