The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1893-06-30

ing it's burdens aud storing the very i
metal purchased away for fear its I
use may make it cheaper than il Ii
by uon-uSer. How can it ba con /
ceived that purchasing silver with
GOLD will make silver higher, when
you destroy the money use of silver,
which creates, il not lis greatest
value, at least an exceedingly great
element in its value?
Let it be remembered that there is
not t. ay one dollar Of outstanding
prom, ser of toe Government, to pay
money that were authorized to b"
issued payable in gold, and none OF
them 80 read, (of course have no
reference TO gold cerliticates). There
! Is not bond OF the Uuited States
outstanding that was ever issued
under a law to be pSid in gold. All |
| these acts ia reference to greenhacKs |
and bonds that they are Layable III |
coin. The bonds under the act OF |
! 1870, wuicn refunded the de- lot OF the |
| United States alone providing that
they should he paysb in cola Of
tie then standard value.
Rene mOer, that wH+ before silver
. ItCtlNEu llb ECllOub oNAOhO ~ AC'Oi
hat virtually destroyed its legs'
tender quality. Now the act OF 1890
silver purchasing bilI) states on Ito
face that the Secretary OF the
Treasury may redeem or pay the
notes " the United States given for
silver bullion, IN gold or silver co,n
at his discretion, and that after
certain time, tO-wit, July |, 1891,
there shall be cOiaed OF this bhlllun
Y sufficient amount 10 redeem the
notes outstanding issued for silver
, bullion. For the time between the
, passage OF the act July IA, $780, and
The lsr of July, 1891, he WAS to coin
100000 Onces OF silver each month,
the Blaud-Allisun act made 1t iva
perstive TO coin not less than SOU,
= 600 each month.
2 Why was he after July | 1891, to
: coin q sufficIency TO redeem or pay
I the notes issued for the purchase OF
D bullion? Did the law mean that tins
D WAS only limit on the coiuGgp?
{, Certainly no lawyer would put such
: construction ON Tue act: As
= much ~ may be necessary to pro-
e vide Tor the redemption OF the tress-
1 ury notes herein provided for" Ii
= il tHkes part OF IL, coin it; II 1t tsk-s
Il It vii, coin ii. So that "uthc'ency
!, OF coin ia held for the redemption OF
II these notes issued in Purchasing 1t
o rhen there can be no sense to coin it
Is in quantity to redeem the treasury
10 notes issued for II, unless you take II
y and redeem them. Theu why pay
= these notes in gold? II 1t il con
IL tended that they must be kept IL
circulation, then this could no
d. change the fact or law that they
il could Dc redeemed in silver. Then il
ia not the common sense Of this ques
i ton, 30 far rs the act OK 1890 is cOh
Is csrned, to coiu the bullion 50 pur
a chased aud redeem the notes ISSUED
hi In its purchase, aud il relssued, Il
l.. redeem them i'll silver, IL that lie til
n easiest way 10 redeem them, thu
"a preservinE the Benefits 10 she Govern
ne meut of ils contract created by TN
ar act of 1890? Why borrow god [
nd purchase silver when you have tn
n. silver? The act OF 1890 Eelng re
NJ uealed and the silver bullion CONE
IL INTO money and put into circulAIlo
he with its fun legnl teuder quaIlt
nj would relieve the Government =
,s. once from any demaud Tor gold, =
To-. fac rs that demand WAS cceated b
an that uuwi.e legislation. just here
Ia the pivot in 6i-mel alism at thu pres
n. tut. That the money power uf alive
let must lie maintained VIII certalnI
~, be recognized before the vicious az
M OF 1890 il wiped out. | do not III III
20. article propose discussion on wv
al. line. But that the act Of 1880 shouI
il be repeated and the silver purchase
ne under it utilized by the Governmel
To il palabe and plain. 1t was, how
led ever, proposed by many strong 1r'
,at COINAGE men in the last Congress
gs- repeal the act OF 1890, coin the bu
Z, hon in tue Treasury aud revive Il
In. Bland Allison act. This WAS rejeGtt
he by the gold standard men. VINE
600 THIS is done, you hNve substantial
he restored the tinSncial policy Ut &
the Government a. it wN1 prior to Il
If act of 1899. The tariff must be I
AN. duced, if the party has the lea
nd Respect for its promises, not in
pav spasmotic dose, but an entire csTet
sss revision Of the entire tariff Law
md This will necessarily reduce the rev
nal mes of the Government from III
an source, and will Create want
ON revenue that must be supplied
ght some other way. 1t may not be
the great amount, a. the ptuning OF {
hal psnsea relieves the want. This
lid ing done and more revenue need
,ese what is the just way to get it, a
lent The way that bears the least welt
cry upon the people?
nav 1t there has been special oppdr
ted mites granted 10y the Government
rlv any individual that were not gene
Old TO All, aud they thereby were enab
Aid, in the exercise Of said privileges
en- accumulate money, then II d
40 seem 10 me but justice that II
,on- should be called on To bear the b
into dens OF government commensur
not with the benefits bestowed. ST
ion legislation being had in the outss
cted see 10 reasons that the special be
,usI- fits bestowed should not be comp
OF stated for. Take the immense c
$50 poratiOns Of this country with 80
r 20 OF the very highest powers of COVE
n or ment exercised by them, their cl
40 affiliatiou with each other, Il
,urv absolute ana complete destruction
the personal competition, the regulat
be- OF prices OF necessities, the exer'
OF eminent domain, regulation
! 80 N,-uUa. pnuD binatiOns TO RrOCu e