The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-09-16

6'S0s
staples, cotton aud wheat, have de.
clined as silver has gone down; and
todsy silver bullion, degraded as it
the world as much or more of either
as 1T did in 1878, before it was de.
monetizsd, thus showing conclu.
s'vely, if proef were needed, that it
m not silver which has fallen in
value, but gold which under the in.
huence of legislation has risen.
In the striking down of silver in
1873, twenty long years ago, the
valuee OF houses and lands, of cat.
tie and horses, of fiocks .and herds.
Of all the products of the farm
throughout the South and West
we're likewise stricken down and
have remained down ever airce.
Who csn estimate the loss which
has accrued to these people in all
these years from this csuse, a loss
aimcst fabulous in amount, all In.
fl cted upon the great mass Of the
people for the purpose of enrichine
innrdinstely a comparatively small
numbar. These things have baep
burned into the minds ard memo
rles of the people as they have
passed through the fiery ordeal of
adversely, and can never be for.
gotten or forgiven.
Hence l repeat, Mr.. President, if
the power of gold-of which it has
been sad tia. "Philip of Macedon
refuted by it all the wisdom of
Athens, coufounded their states.
men, struck their orators dumb,
and at length argued them out of
their liberties" -shall again succeed
in defeating the demand of the
American people fol a full and
complete restoration of silver to
full money power, the hnarcial
question which now agitates this
7uatry will remsin with us, and
ongrees will have done all in
ger TO perpetuate il; for the
pie will never cease to resist
The attempt to fasten upon them
gold monometsllism with lts inevi-
table conse quence of chronic money
The constitutional right of our
people to a gold and silver currency
can not be gsinsaid or questioned.
Gold and silver are the money of
The constitution. The states are
prohibited to make any
other legal tender in payment Of
debts. To the nationa! govern.
meat has been graa:ei the power
''to coin money, regulate the value
thereof, aud OF foreign conn.," in
other words, to create, from gold
and silver bullion, coins of pre-.
SC ihed weight and 6nensss, and to
stamp their values and designations
upon them. The power to give the
legal-tender quality to any money
other than this thus coined or to
foreign coin, the value Of which has
been regulated by congress, has
been expressly prohibited to the
states.
The constitution grants to the
national government the exclusive
power to coin and declare the value
of money, and reserves to the states,
the absolute right to
make gold and silver coin, and pro-
hiaits them absolutely from making
any other money legal tender.
The power of the national govern.
ment to coin money and the power
Of the states to make gold and sil
yer coin lee al tender are correlative
powers The enjoyment by the
states of the rights reserved to them
in this regard, tho right to make
gold and silver coin a legal tender,
is dependent upon the due perfor-
nance by the national government
of its duty to coin these metals
not gold alone, but gold and silver.
All the recognized rules of con-
struction require that the clauses of
the constitution be construed to-,
gether, giving the national govern
ment the full measure of power
granted and the states the full
of power reserved, and i'm.
posing upon each the corresponding
duties in respect to the subject
matter. If silver can be demone-
tizsd, so can gold. If either can be
4 q M q N atizad ON thu aama nrinci lei