The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-07-22

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production viii be injuriously affected. 10
ran into paralysis. There is a matter that
the people cannot afford TO neglect.
i ! must invite your attention 10 a false
/ Nr. Cleveland has adopted. that II
I is the duty ~ the COVE invent and -
within its power 20 preserve the parity be-
tween the metals by adjusting their coin
e axe 20 meet the fluctuations IN Their com
niercial value. England wanted gold; be
Z cause she was the largest creator natioh.
ard killed silver to get rid OF this parity
issue. The first sherman act OF A's I'D
the same thing and with the same result.
With England this was the Staying Of a
/ commercial rival with us IL was the muir
der o. the friend and protector oil the IN
] The bland Allison act Of 1873 resurrected
I the silver dollar. a coin at the mint, and
restored it, full legal tender power. The
second sherman act. Of 1880. was born win
the curse OF its father upon IL. and died by
his hand but TIE president say IA al mo, ~
/ vision that u created. for the nrst time ln
| our history that artful Invention 10 DC
money-that is called the parity feature OF
sha Jaw. This JoNer given TO the secretary
I Of the treasury 10 adjust the par W p.tN.t,
Z the metals a. as absurd as Would he the
I power To- prescrv" Justice by Cling or de-
jury. at his own sweet VIII.
Tar Power 10 Issue Bond-.
In what particular was the sherman act
I OF Issa. q '-cowardiy makeshift. II h. was
I NOT ga placing the power 10 coin and pay
out silver dollars. IN the sole discretion OF
I the secretary Of tho treasury. and also the
option 10 refus" To paw them out Tor the
redemption sf bonds, creenbacks and ma
tlnnal bank notes when h. mi-ht fear that.
In paying them out, he might disturb the
parity between the different kinds 81 lcEal
fender money In the United States: THIS
second sherman act more than doubled
the purchases ~ silver under the Hand
Allison act. and made the purchase ana
coinage ~ silver compulsory That then.
Wa not the alleged ''cowarllv makcshift.'
u also retained the fun legal tender power
- the silver dollar. a u was IN The sland.
Allison act. and Of the certificates issued
81 payment for silver purchases That
feature was not liable 20 ID" epithet Of a
feature of thai law was the power lcft IN
lhf hanis OF the sf.fetatN OF IN, lftt-u
60 preserve the parity between the metals
b. the exercise n his oufteu 20 pay out
eoli. or silver. I'm the re'imu'ion of pni"ir
d't'F- II was upon this most conspicuous
feature. Therefore. that our democratic
denurciafi0n fell. life the lightning falls
upnl %. tailrst tree IN the forest
This feature ~ the second sherman law
was only intended 20 Great. dlstrust IN sly
, Yer money by leaving IL IN the power %
nne rlau 20 say that its coinage and issu"
wnull uuf gold legal tender money az a
u-atnium Oyer SILVER legal tender money.
This imp ss bic condition was iufsrisst tel
into that Jaw Tor thc sole purpose ~ .uah-
liue fht. secretary 90 the treasury 20 re-
ftise 'o rNerute the VIII = ire people that
silver would have aH equal chance with
Eoi4. A. q money metal. in our domestic
com 1err'- 10 -.a~ been used Tor the pUr-
as. uuf uE Dos t@-fsa ans fair trial ,ff as
merits. hut ty ihr covert ius4uuation - the
se.rttars 81 The treasury that. % 10 was
traItfr- in payment ~ oar national onit-
EafiuUs. lui. would ~ once 40 20 Il pre-
u.ufi- afd hN mis- refusal % tender II 20
TN -.4"-Ilai ors in bullion when they de-
ra. Trluf - the fals.ty II this pretended
arsi.r' ileust1a 90 danger rs tic pavm,nt OF
siitrr o. th- tulla-. Hr.t<.rs q. ffrrish.d
tra rr..s,.r, ,f-.l.r 49,. a.- IN ,.,1 Tr
a. So ~ 81
tngs- s'-es.i-i dangerously Uusouni silver
tallHF 2 h"er Were uuf coined Co ff'srn
taf Sntrnau certificates. Nor any other crr-
f.i tl'-. ..uF "'r" thth u.e4 for such pIr-
Possess They were COINED CD ha used az
home in I.yment of d4.s % our people as
it--l t,ular mooney that They wanted.
ass uer- bound 10 accept
N1'~ SILVER money. coined unie~ fhe re-.
pnaA-l u. h-IHs -.uusound." would not
4a Toy th. redemption 10 Fr-eubarks. SHEER
ln'l crftiLcai'S aua national bank notes.
20 ias il-' .n GOSH, or us equivalent. when
fts r-.i' if.tlu money waS intended FOR
sa-1m'rf G" London. In that ease D. was
Nas Required o. the constitution co. the
-aH. or tn' express terms 90 tho come
frs.-t written .u tho face g Cur bonds.
aa1 ou- E-ofahlci, treasurs notes. 7i--e
... af -- ror.r i f- I'm
thl- iout from a rauuiu sens, or honor.
~ fHnAeflsm or worse. was 90
g sstkllH Hif. 20 tho 3. lr-fs nf au
aIrH-aHt money power in EurHpee How
sssr rttt uay l-. jig the world juls, from
tHe facts
cur Securities Held Abroad
n is plain truth. bat it IS hidden from
rice fyr r. ihe public ay many careful dr-
Et-e- which un enHr- ea.iI ohN.Ff. that.
l. A.- have Few national bonds H Europe.
Ne have un treasury notes ur national
iaHh notes. nor sherman certificate that
either circulate as money iu Europe. or
rh Is lr. h..t there as investments. We
3a not. therefor. need EulA tn pay ,ur
national til-arons So European holders.
/. Ehr STOCKS aul h.usi. 90 railroads. gas
u1aautar'uriea. ttl-1saphs. telephones.
street gar lines. steamers, marufl tories
~ every s1it su4 size. lana r1mrauic-.
la41 ramu1lies banks AMI iusurluHa com
la-.,- are hell in vast Sums u Europe.
Their holdings of stocks AMI bonds issued
LE .ir corporations - greatly "a excess
Hf trH-a We hold BOO the luitcl states
lu-.resf ard dividends are 60 b" paid
OH 500 these holdings. aut they are Fv-
3Ite- o. D. paid 90 eold and q Is 90 D.
shipped g. EuTop~ Sow Dr. is true. AS fo
a R.fv barge number 81 those holdings
~ --. Ks aud bonds, that they age really
Investments The holders 81 them a5.
rt-l. S.JCkEolarE- iu these various and
very numerous corporation. What then
B Is ODD, simple aud final analysis 81 this
s.rast.'ur Do is THAT tha honor 90 the
Ilitvt states binds as. 90 some awful
uar. -u Hay Jhe interest ans dividends on
E cheese stocks ami bonds lu gold. 800 those
. sl,lE.ois OF our corporation. because thoy
Nr. bob Elrol~ Tue dividends due Co our
1un people are pad ia amy legal tender
ia tae meantime. the secretary of the
treasury. uumullul OF tile Wt hrlus S. Of
.u.ualE SILVER iutn 'uu5uuu8 money. coins
murt tnau S5s"u.0-v If tails lat money
f 10 pas OH government servants ANA rrt4-
f-aEs. because they lEc lu tle United
state. Hflrr. silver dollar 80 % pur. has.
IS much ana paw - much deb. as gold
dollar 10 your salaried oileD.s SHOULD
s-ularl rH..r JAY iu EaIl they would oil
~ ogt sf office 40 once. as uapatr.ouc ciu-
1.as. 81 ~ mH~t pay British sulje.
Do tE- aays of Benjamin Franklin such