The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-09-03
THE TOLEDO BLADE ATTACKS
COINS FINANCIAL SCHOOL"
A Few Plain Facts for Working People.

not agree with those Of members Of
Congress who were in Congress when
the act of characterization vas passed
February 18th, 1878 TIE Blade says:
"It was fully understood that the bill
made gold the sole standard and rele
gated silver to the sub idiary coin.
Why did not Coin give the history oil
this bill and give the people the whole
truths Simply because it it is plain
that there was no conspiracy, nc fraud,
no crime2 The Congress did what it
believed the best thing to do"
Instead of understanding the matter,
it appears that the great mass of the
members of Congress were, by a system
of jugglery, kept in total ignorance OF
the fact that silver was to be demone,
tized. In proof of this, 1 refer to a
pamphlet, ''Silver and the Science OF
money" by the Hon. w. M. Stewart,
pages IL and - (Mr. Stewart was a
member of the United States 5 nate
when the demonstration act was
passed.. The following are extracts;
1.-THE opposition to this bill (the one
that demonetized silver YVES so deter
mined and aggressive that its friends
professedly abandoned it and brought
in a SO called substitute, which they
asserted obviated the objections made"
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Il affirm that the substitute was the
same as the original bill, so far as the
matters in controversy were en-
cerned." :
TOO much Importance cannot be at
tached to the fact that the substitute
could not have been adopted if Mr..
Hooper had not asserted that the con-
troverted portions had been changed
The original bill, with the alterations
made by the substitute, will show how
far from the truth Mr.. Rooper's state
ments were, and how thoroughly the
House was mislead by such misrepre,
sensations"
In the Senate we had the same sys
tenn of jugglery.
But the prOcee dings recorded in the
Globe show that this substitute was
never read or acted on in the Senate"
10 page Is.
WHAT SENATOR THURMAN SAYS
Senator Thurman, February 10, 1878,
in debate in the Senate, said:
There ia not a single man in the
Senate, l think, unless a member of the
committee from which the bill came,
who had the slightest idea that it was
even a squint toward demonstration. >
~CoDgressiOnai Rscoru, p; ?, Part 2
Forty fifth Congress, 81 Sss p. 1064
SENATOR BECK.
Senator Beck, in a speech in the Sen
ate January 10, 1873, said:
1T Cthe bill demonetizing silver never
was understood by either House of
Congress. No Newspaper reporter-aud
they are the most vigilant men I ever
saw in obtaining information-discov
cred that it had been done. "-Congres-
sional Record, Vol. Z, Part 1, Forty
fifth Congress, ID Ses., p $50.
SENATOR HEREFORD,
February 18Th, 1873, in discussing the
decentralization of silver, said:
80 that I say that beyond the pos
sibility of a doubt land there is no dis
putting it, that bill which demonetized
silver, as it passed, never was read.
was discussed, and that the
chairman Of the committee Chopper
who reported it, who offered the sub
sgitute, said to Mr.. Holman, when in.
quired of, that it did not affect the
coinage in anyway whatever. ID, p
$50.
AFFIDAVIT OF FRED A LUCKENBACH
The reader has doubtless seen the
affidavit of Fred A. Luckenbach, made
at Denver, May 8, 1892, relative to the
corruption of the committees in Con
gress by Ernest Seyd. In said afi1a
Wit Luckenbach alleges that Seyd gave
him information relative to the use OF
money in procuring the demonstration
of silver that vas not to be divulged
during his, Seyd's lifetime. The follow
ing is an extracs:
Il (Sey6 saw the committees Of the
House and Senate and paid the money
$500, OOO) and stayed in America until
knew the measure was s1fe."
Mr.. Hooper, in the House, April 9
1872, appears to have furnished some
confederation of the foregoing. H
said:
"Mr. Ernest S9yd, Of London, a dis
tinguished writer, who has given grea
attention to the subject of minis an,
coinage, after examining the FIRST draf
of the bill, furnished many. valuabl
suggestions which have been incorpc
IL = n.