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

agAus tue coined silver dollar
when It's intrinsic bullion value has
been reduced to 30, 40, or 10 cents.
r. sop the coiusga of silver in the
L ted States is the object of the
resent contest. and to remove from
~ Via ute book any recognition of
as money. The success of mono.
a ism on this point will BIZ in.
vi / by the passage of the bill for
unconditional reptal of the So
G. 81 Sherman act.
Or coined silver, reduced to a
ms1e tagstele in intrinsic value,
conpared with its legal value as q
4 lar, will be self d at as a dis.
dooest, base, deprecated coin,
y rthless in itself unless made re-
ie m able in gold. If those who
1s,e bsen able to bring down silver
rom premium over gold, TO it's
resent deprecated condition as a
mmodity, and against the protest
two.thiIds of the American peo-
shall pass the pending bill
e,oIisbing It's coinage, will fad no
flo atty in getting rid of the silver
1ay have succeeded in making in.
rinsically worthless.
Ii is true that the legal tender
lrality and debt-paying power may
preserve the silver dollar at par; but
sbis will not prevent its persecution
ny the monometallists, who are bent
upon its destruction, in order to
'opply it's place with bank paper
The issuance of bonds to raise gold
TO redeem these discredited silver
liars will then be in order; and
these bonds, of course, will be a
oasis for the perpetuation of the
national banks, whose present lease
# life is nearly exhausted. The
purpose of the money power Of this
country has been for years past, ard
is now, to make gold and national
bank notes the currency of the
country.
On the e.h day of December,
1856, in his report to congress
Daniel Manning, then secretary of
the treasury of Mr.. Cleveland's first
ad ministration, used this language:
1.-THE act making compulsory
post.redemption Issues and reissues
f United States notes, and the act
making compulsory treasury pur
,hases of silver, are each separate
menace to the public tranquility,
are each injurious to the public
morals, the public faith, and the
public interest"
Secretary Manning simply reiter.
ated the recommendations of his
Republican predecessors. The
scheme to fund the United States
aotes or greenbacks went hand in
1and with that of demonetiz ing
silver.
These notes, so embodied in the
ontidence and favor of the people,
re too suggestive of the supreme
Noellence of uniform national
nrrency, issued directly by the
1verumsnt, bscksd by its power
j ere dit, redeemsble at the will
Me holder in coin, as are the
y aited States notes MT to have IT,
iNrrtd the deadly hostility of the
ational banking interest. A cur.
ency issu i by themselves, put out
nj called in, expanded or contract.
Il at their pleasure, is the OH ct of
geir d sire. Control of all the
i'ta' 8 fl airs Of this government aud
nutry they have constantly aspired
and hoped to aonie.e.
While not mooling the subject to
" great extent in the last few
ars, the recent financial discus.
'on through the press Gas develop.
4 The fact that this design is as
~'yorous aud unyielding as ever.
wing accomplished the demone.
zation of silver, if his bill passes,
nth renewed strength and prestige
I'd assurance they will address
Aemselves TO the accom- plishment
their cherished purpose We
ave, MIR. President, to deal with
ne exigencies of the present, but
'ur action should be SO framed az
provide well against the dangers
f the future
Our people demand bimetallism
most With one voice. All the or.
snlzed political parties in the