The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1894-12-05
COL e. > KEIrr ON SILVER.
Es Shows Copclusiyely from the Ac's Oh
Congress that the Silver Dollar is
the Unit OF Value.

a. sboxvs Copclusiyely from the Acts OF
Congress that the Silver Dollar is
the Unit OF Value
The monetary conference heio az
Brussels in 1892, on the Invitation o!
the United States, settled tnae tne
nations of the earth can not agree on q
money of the world. It was charged
bv some of the delegates, and Jostiy,
that the United States is responsible
for the mud6le of the silver question.
Its condition was brought aoout oy
treachery, trickery and fraud to oene-
fit the few. IF our people couio save
themselves from slavery and degrsoa,,
tion by the loss Of their homes ana al.
of their property they should prompt!y,
through their representatives, asseft
their rights by display OF lnseAlgent
manhood in applyingt the right remedy:
By q careful reading Of Secretary OF
the Treasury Csrlisle's last monthly
Statement of the public debt, the inter
est hearing bonds of the government,
Exclusive Of United States bonds issued
to the Pacific railroads outstanding on
the lat of November were $3.50 500.
or or these m bonds S5s5, ,037,1o0 were au-
thorize6 and issued under the acts OF
:Julv l4th, 1870, and January 10Th, 1871 |:
See acts. The following Is q. copy OF
the bonds:
with the provisions of 81 act or Con
gress entitled sAn Act to authorize the
rounding of the National debt sp-
proved J1iy l4th, 1870, as amended oy
an act approved January 10Th, 1871,
and is redeemable at the pleasure OF
the limited States after the first day OF
Jnlv- 1907. in coin of the standard value
of the United States on said July i4tn,
1870, with interest in such coin from
the dsy of the date hereof at the rate
OF four per cent: per anhumr pay so.e
quarterly, on the first day OF Octooer'
.January,sApril and July IN eace year.
TIE principal and interest are exempC
from the payment of au taxes or ootles
of the United States, as we'll as from
taxation in any form by or under State
municipsI or local authority" IL Is
clear. from the face of the bond that
all the government bonds outstanding,
s5S5 037. 100 are redeemable, principal
And interest, 10 coin of the standard
value of the United States. on saio
July l4th, $50.
SI that date the standard silver DOL.
Iar4l2S grains 9-10 fne was the u9le - OF
money, the dollar of account OF tne
United States, aud bad been from tae
massage of the first mint act on the zno
of April. 1872. Even Senator Sherman
admitted this ia an able speech wnlch
he delivered on the S0th OF August
/. 1893. in the United States Senate IN ms
efforts to extricate himself from tne
mart he took in the passage of the act
of February 18th, 1873, known as tine
crime of the ages" He quoted as fol-
lows from the report of Mr.. John Jay
Knox: comptroller of the currency,
which accom- panied the original OH
introduced by himself in the Senate on
the 10th OF April, 1870, giving the DIS
tory of the silver dollar, Wnlcn olli'
after many failures, resulted oy stoao-
egy in the act of February l2tn, 1910.
,Thessnotation reads: --y
ssThe dollar unit, as money OF ac-
coant. was established by the act OF
Coneress, aprit 2ad, 1892, and the same
sct provides for. the coinage 'of the Sill
yer dollar sof the value; of a Spanish
milled Or pilisrdollar, as the same IS
I now current. The silver dollar was
first coined in 1874, weighing 416 grams
OF which -37l3 grains were pure SILVER,
the fneness being S92 4-l0. -. II Is
by law the dollar unit"
I'm eorroboration Of the writer's posi-.
ton that every outstanding bona OF
the United. States government IS pay,
able in the standard silver dollar 4lZs
grains 9-1o rine, be will give the fol-
lowing concurrent resolution OF the
two houses of Congress, adopted 10
1878. It reads, THAT all the bones OF
the United States, issued or authorized
to be issued under said acts of Congress
hereinbefore recited, and payable pr'n-
o,pal and interest, at the option OF Eoe
government Of the United States, 10
silver dollars of the coinage or the
United States cor tanning 4l21 grams
each of standard silver, and tnat
to restore to its coinage suca silver
coins as legal tender IN payment
of such bonds, principal ana IN
terest, is not in violation OF the puoilc
faith nor in oerogation OF the rlgnts o.
the public creditor"
This-resblulion passed the Senate
Jsnuary 18th, 1878, by vote OF ~ TO
90 and the House of Representatives
on the 18th of January, 1878, by vote
Of 1s9 to 79. x
The $4,000 600 of government bonds
iasned and sold by Secretary OF the
Treasury Carlisle, for gold, the carry
nsrt of this year, are illegal and void.
They are fraudulent. There IS no Ia"
on the Statute books authorizing any
one to sell bonds for gold. 1t Is fun,
damentaI. principle in the science; OF
eovernment that all obligations Of the
eoyernment are payable IN the unit OF
money existing at the time of the pass
age of the act authorizing their issue
The standard silver dollar was the
unit of moneyat the time Of the pass
zoe of the acts of the 14th Of July, 1870,
ap0 January 10Th, 1871, having oeen
made the unit of: money and dollar ac'
count BY the first mint act 2nd of April,
1872. and being such: without dispute
m 10 tbs-l2th eff February, 1878, all the
government bonds issued by authority
Of those 8cts are payable 10 that ooilaT'
The actofthe 2nd: of april, ,.l792 made
the dollar the limit and authorized
them to be struck and coined out OF
silver only. mo other dollar was struck
and coined until after the passage OF
the act of March. Std, ls49. 1t reads,
.sBe it enaaed blythe Senate andHouse
of Representatives of the United States
of America in Congress assem- oied,
That there shall be, from time to time,
struck and coined at the mint OF the
United States, and the branches there
of, conformably in al respects to law,
except that on the reverse of the golo
dollar the figure of the eagle shall be
omitted and conformably in all respects
to the standard for gold coins now es'
tablishsd by law, coins of gold OF the
following denomination and values,
viz, double. eagles, each to be of the
value of twenty dollars, or units, and
gold dollars each to be Of the value OF
one dollar or unit" AS the standard
silver dollar was the unit Of money al
the time, the above act was passed, tne
gold dollar. was made to conform to II
IN value; for 1T says each gold dollar
must "be:ef toe value of one dollar OF
unit" Of what dollar or unit? Inc
of annrcn Se