Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1894-04-05
No.. H..

- ~ Ea.AAA - EfANAAAANfHa ANHA LHNNN AH
that 10 the needs % the treasury demand tt.
the secretary - the treasury NAV. Ia hs
discretion. issue silver certificates In excess %
such coinage. not exceeding the amount %
cotned
The second section directs that - -oan a.
possible after the cainaxe OF this -eigniaraEs
the remainder o. the bullion held hy the gov
@rurmrnt shall BE- coined into legal tender
stAaiard silver dollars aud that they shall 20
hHid In the treasury for the redemption Of the
treasury notes ISSUED In the purchase % bail
iiou- Il provides that a. fast a. Tho bullion
-aah BE- coined tor the redemption OF aid
notes. they shall b. rpfssued. but shall - ran-
ceict and destroyed in amounts equal - the
coin hoid at any time tn The treasury derived
frum the coinage provided for. and that silver
certificates shall Be issued on sueh coin IN
the manner now provided by law II Is
however. especially declared ia sali section.
th1t The at shall not be construed to chang
existing laws relating 70 the legal tender
character or mnte Of redemption % the treas
ury notes issued Tor the purchase % the silver
The eutire hilt Is most unfortunately con
~tructei Nearly every sentence presents IN
certainty and invites controversy a. 70 it,
nlrlnlng aud Intent The rrst section IL -
pectally family In this respect and IL - ~H
trrmeiy doubtful whether rs language viii
permit the contamination OF IL supposed pur
paSe-. am lei 20 believe that the promoters
Of the tli Intended Ia this section to provide
for the coinage % the bullion constituting thu
gain or sciEuiorage. a. 10 j. called. into
standard dollars aud yet t@.rs i positive
nothing la the section 70 prevent
- coinage into any description u silver
coins now authorized unsier anv existing law
| suppose this section Nas aI~a intended In
case the needs OF the treasury called for
money faster thaa the <eigniorazr bullion
couia actually 20 coined. to permit the issue %
silver certificates In sivauce OF such coinage
but IL language would seem TO permit the 10
suance o sHch certificates to double thu
amount % The -etgntcrage a. stated. one half
u which would not represent an ounce % vii
yer IN the treasury. The lebnt. upau this S-c-
ton Ia the congress Developed an earnest sui
wf~tFf~a al ~argurta ~ nnfuF,u - - NHm ,-a.a
and meaning In any event am clear tina,
the present perplexiti~s aui ENTERTAINMENTS
% the secretary d the treasury ought rot to -
augmented hY devuiFlnz upon him the ~1ecu-
tinn OF a Law 80 uncertain and confased tenor
! am not however, willing 70 rest nv obl-c-
Sion 70 this section solely On the=~ In nv
judgment sound finance dos not commend I.
further Infusion Of silver into our currency as
this time sHaccnmpaniei ~ further a~aie4uais
% a safe geld reserve
Doubts also ari.- - thr meaning ard con
structiau af the s-rund section % the bil 10
the silver dollars therein d~tr-rfef TO ~ cnlnef
are. a. The section provides. To - held IA
tne treasury Tor the redemption %
treasury notes. IL il saxxe-f@-s .s.sf strictly
speaking. certificates can not - issued On
such cotn In The manner =-~ prnvli~u By
law because fhe-- dollars arr n-lEav held IN
the treasury for the express purpose q re-
! 1rcEntug treasury Rut-s, on demanf. sht-h
sould ordinarily mean that they were -.
apart for the purpose % substituting them tor
these treasury notes. They are not. therefore
held In such a say 81 to furnish a basis Tor
certificates accnr ling 70 any provision OF -x-
sitting law II even silver certificates can -
property issuei upou these dollars. there /.
authtlg Ia me scCticn 20 Indicate the char
actertstics ami fznettun- % these Certificates
n they Nere 10 br OF the same character
~ silver certificate ia circulation under ex
isfinz laws they would a. least he receivable
only for customs. rzxr- and all public dues
ami under thc language q this section 70 Is 10
-av the least extremely doubtful whether n.
c~rtlhcatr- 70 Nuult b. lawfully
rscriveA even Tor sueh purposes Whatever
cl-r may - said u the uncertainties % sr
preston IN thts htlL they certainly ourht nat
10 BE- fuund In legislation Affecting SUBJECTS -
important and farrvacntuE a. our finances and
currency
In stating otEer aad more Important reason.
'ar my dt~4rpruval ef thi~ section I shall how
ever. assume that under is provisions the
hullnn su fonuaa- p - r-si=-mei a. here
tafure IN silver o. gold At the option of ne
holders ard that z shea shev arr offered for
redemption, or r-1sn tAr treasury IA any other
manner. thsr- arr IN me treasury coined sil
yer dall4rs equal tn nominal VAlsr
20 sarh treasury aate> fheu. aaf
dssfrsf-s anl stlueT certificates "a a. amount
as substituted { am rauyinest thas tbs
ultimate result % - operation treasury nate-.
Shich are legal teusler for All aeals pubic and
| private and ehlch 2r~ rei-~u1ble IN gold 81
silver ~ Ne optlen q n. holi~r sill - -
niacesi ~ silver c.rUncat~z whish. whatever
[ may - thslr character and Declaration wiI
have aaue % tae-e qualities "a an
81 = w HaAF EEtHaA 49, - an IA
m-liaie s-erL the treasury nol-z III
naturally appreciate IN value 2asf d~Sfrarfffx
The last That snia can - r-2lizsd upau them
and to- further Fact tasf tAefr aesfrlrfiru has
1seu deer 81 Nhen thHT reAea the tr~aSurT
/ must isud to tnFlr WgfasirnWal from gpmrr44
| cirlulatlau tn - Immediately presented for
redemption nr n ~ 1~aarirI fmr pr~<entatlan
az a uors cuurealent .eAsau- II. srgz2l Of
nstn upsraton- sdt - . arE- sdfltiua - fhs
s, sefreey q ss 9,aa aa5 |.
treasury The Argument 2SS h~~u n@t-
th9f tAN-e thlns~ @Ha ga uEear AZ once -
! rHigss a lsua umr must elRps~ b~farw FMr casa
z-c % aaytainx bass Eh~ s~sauiorazs rzn - "a
! ter-1 rnau n IN raEz-cal r-sss. - - -
scutiaa = ar s~caad sect-ua - shi- h4G sr~
not Ca - rwaiiu-4 aaEi In tAs asr tzrEr~ tn-
mas rarnt-A aStrenE rea-an sHH . shaalI set
- pas@~f - uuen 10 AaFauea sat So p%ss
Fau~m@at q II arfa2f egsratau e&a 90 pr~
Vrll EAs t-aF aua HQ= ~ rglnsrzrr ana asre
au- nreeasf On Hhsea susl ms@zEF rafus
irs ru~zaEe and HnaE about HHrss cease
gaen 8 r-xari fh- ~rrmn q TIE Eta -
emasatE8nz . ulaa Is Naiah thn xnE~ruau~ns
EtN - esa@rl - paF uat - @aazF Ncar~ -
rela To- No uf1rr parHsae ta4n - ter~ a. aM
% o4r peapae IAs = "a ~Nset r~Frr-4a 81 -
paicV Naleh safe Hazae~ dlcE4lez 2 - 49, -
preserve parity ~Eesa Eu& Aa SILVER Naa
msiuz4aa =rn-lnl~ nR mez2lasm
! We have uos qa1sz@n4tng Larw th4n a.
"a tt4 m silver cerFl1eate~ lst gshwr ersf
a. Aw rAsT A. ~rstlz nh- ar~ -
! rrlf rs=tve aanoanfIa4 D. nnlF = Hule 49,
tnan sasuH 80 Hr.ftT ehszzea via -
re- rE4aM g 50 as as ~ @aFHa ~EN~
Z nutes Hhnn g = Rrnpa-e9 - laHsta rar 81
/ YER carr-aev H. . Em~ Tor sanwuEfN~nnz
[ Cur 80 rsservc tassszG ~ t-aieElnz q go
{ ROT conceive az . aEr sfea sasaHl sHar
/ au1umeEaItsm thau - uze saen - sasaE
our xu4a - NV SILVER u-ruga4- fsr tlrEaa
uon 4as especially "a uue9 - tn@ 1~EacEaos
l1ruAEas sGrrugralnG tAe 7gHsez -1m~EE 81
cur raisA
ms -s1s M 10 earnestly ur-ssut rae -
srzhiifF % Er4utaE % tH -ca-saFF
q - u~2sgT hsu@r v~r msa
nos exists To t~sae auass 10 Wrn
trrt oar gulf reserve 49, fur ~
tu slca Cunfa~rt cuusftiuu. zza ear cuarral
. pzsru1- th4r q seemz % me san a cozrs- ).
Dictated - urln<rF praislce
Lam not iu-@usfaae - the Arguments IN f2FuF
] 81 cutnanE tAr nulllmu sel-uiorkEa auw iE EEs
treasury. and neliexe 10 couid - done safefN
and VITA sdvanfzzr z ths seyretzry q ths
/ treasury haa the poser q issue huuds a. 3 MW
rate q Interest ll1sr authority. n suhstfta-
ton OF that nos EXISTING AM better suited q
the prutsction % t1e treasury
hope a way vii prasezt ttself n the near
future FOR the adjustment ~ or monetary -
tive manner - NlI accord 20 silver is
proper place IN eur currency. bet IN
The meantime I am extremely soiicitious
that whatever aetloa re take on this subject
NAV be such a. TO prevent loss AMI discourage
meat to cur people a. home and the deStruci
ton % confidence IN cur financial management
abroad GROVER GEvrLASp
Executive Mansion March . I-84
Carriage Factory Burned-
FLINT. Mich. March S0--The car