The herald., 1895-11-20
barge the private obligations of its citi-

While the recunia ry loss to which the
people have been sutslscted py t"e ISSUE
and continued circult 'tion OF legal tenn er
paper has peen almUsN incaic'uiaus q 'nis >
bas not hen the shi,,f injury inflicted
nnon the cuu.try. 1>he theories that
the government can ,sreate money by
placing its stamp on pa per or ether ma
ferials: that q legislativ enactmeuI cah
make so cents equal in va lue to lo0 cents
that a.ti6cially inflated prices psio ID a
deprecated currency are 'oet 'er ior 'ne
peorle than natural prices PAID IN a
sound currency and various vasgsries now
fioatiag like bubbles in the ol1t,cai at
mvspnere. are all attributable o the long
continued uss Of legal tender pa per.
The proposition that promise Oh wy
government to pay money is money
inst AS absurd as the proposition that u
promise to deliver a horse is horse Snu
vet there are eminent men, high IN pup,
lie councils, who believe that Ike Unlteu
States prom issory note is actual mon ~
and that the statute which corspeis VI.
the neoule to receive it as actuih MONEY
ia constitutions and ought to be z mt hu-
sd in force. The agitation Tor lnt 'res 1
coinage of legal ten ;e silver Is pre- a'eo
upon the same vicious principle tEaa I'M
derlies the legislation making W.Pei
promises o legal tender, but there rs
practical d fference between the two s.ys'
tens. The United States note was
iorceo ioan il'.. wy ~ ont promise 4
ernhen.' ,is S,,t ~ free coinap,,
~ IePay III n.'iaia, y. 70 rat;o nj 16 ia
l, would be forced loan from me people
to fhs owners of silver mines ana SILVER
bullion without promise OF repayment
by anybody.
tnG oain ,srda,d rs valna sbould
not be abandoned or suspended.
If the friends of q sound and stable
Inessure VI 'aiue ILL srccead AND
III. LIE ILL st;o va', Iii soon recede from th e
INC quesIIon n n 80 S,a,as jsgal
Pupilo v'ew. iti n,,a;n 70 CON nIicstn
tGnoei no'es a,an, ano on, har,a.s the
.ne ouiIe r. NV on,n;on Ieoisjation
sniI S;s"..;n A. ha .ari;asi nossiIhe
III "nIs uiie. ~ uv Jo,,anded hv oyarv
usy - ,mIei intes, N 10 oourt,v and
nuos'a. 'iai go nr.,svi 90
l'e os' 49,, 80 t,a .srn,n.
odnonoo that M satisf,ctnrv re.
.iun III q" 49,, rt;sh.d would be n
sa..' eau W s,ara
'eTy gray his,"A. noIh,, boro 70 co,
~ na, .. oaI nm onns;Ge,.hle n.r, NJ
uoi .ns 70 s,I.s ;,s' axnhan,.. a,s Ia snd
une VIZ s.a,dnrae - vaIne recosnizeu IA
uorn ; III o.,ntavs - commerce
NJ ,nd stoxi;nr has moJs :ondon
- orfn ,he n;,ninai market hut the
60 - NO wboIe worjd Foo
frnr
80 - .a 49,, ,ayo. Xii prt ~ ,ba
;nt.. Nv" trads ot ali 9TH rountr;s.
" ~ ",' ;nfar;ns o,rrsncv wa could never
.sIi .onta+ 49, srn,onocv and
ssoo s';os :. .o oa I'm ;sn bar ~ o.,
w. .atnas ~, Jastrov,ns tho vaIus ri
. a,vn W.. nn ons 81 tba most re-.
ou. -" II 'n a.a',s,e. IS 80 90
Mh uo, ,r faHo ~ ,or,fnio has he.r
.oMsad hu ADMIT ga snecuIat,on here
I'D .hroad concsrnipc Tho siews and
,s,asas - .,,r ronnia 81 ,aroa ant Tho
ii,;os 81 tbs si naptiticsl nartss n wbicb
tnav a,e a,tacbeT Tbis Is a Government
- yr,ias 90 ;nro,+ors watch w;th the
y.atas, ;,tara.t ava soj;c,tnde everv
s.e,;sas+at;on ~ ronnlar on;njrn asneci.
III, ~ han cho,,aes sre r. he made in the
"h;.f avsrrt'va ntfra - il If vast i'm.
,enrt.,nco tL,t tnoss doubta and snecula
49, ah' ,I, NO col at rest in oraer that
~ orrd r,oy cs,to ,iv knou. What ia To
ba our nsrmanent monetary polioy
49, ard -, Jrn,ta declorations bv tha
90. n ,In rao1izai,ons If the ooun.
frv moi onIv increass dount and distress
aIy no o h,,t ncaHr u"J h,rn,f,, aai,s'
to- ~ HON, and hol, Iheretora that
- ;s Tho AM of ali who are or NAV he
80 20 ~; =, 800 do,rao ras,onsible for tho
cono =" S"f oo,,o,r, ~ ;ns,st tho, ,hsre
ssaiI No ~ fnrthsr aon,vocatio, mr. ava.
s,nn IN our treatnenI of this subject.
-, us hsvs M more amh;ouo,s pbrsses
~ rnora ;,consistont and ;rraconciia hi a
.I.rsos ~ art riatforms or in nnhlic
,,t,eornoas h,t 10, ne n,ake orr meanIn.
n,.a .nd orr nn,nosa 90 nisin that thew
cs,, ~ sither ha misund srstood mar suc.
Cass Xiv n,;sr.,resented II n majority
IS ,ha nennis ~ mo Initial S,ates are in
favn, = The maintenance Of the present
standard ~ value thev oupht to nave an
onnnrtnn;ty to sav 81 On the oIher
hand II maturity n, mr. psople ara in
70 ~ rs aban3on,po tho nresent s,anda-d
~ va, n and estabiishin, monometaIlism.
thov sbonid havean onnortunitv "a cav
thai Wbsn tn;s ,ssns i. directIv nre.
sant.d ws nasd not fear the Tssnit. Snch
an anreai IN ,he common sense the com.
mon in teorltv and The national nri5e Of
nnr nsn,,ia a;,i not he in vain and ohan
,he contest ;s ,yer ,bs question Gill ba
fn.,,v onI conc,us;veIy sst,Ied in sc.
nordanca ,,;th tba yensrai iuogment Of
~. noost ndvarcan nat,ons and the rsaj
;nt.'ests ~ our conntrv
&, cretary CarIi.Ie's sneech w.s fro.
cr.r,tr oI,r,ondad
He was foIiowed nv Senator l. q Rpr.
800 of M;chi"oo whn snoka IN Onr
Don,.st;o Comn,erce
S.nator Rnrrnws said in srbstanc tn ot
~. nuest;on of trade il ri ,seIv intar.
-ovon with orr uhnIa national iife II
w ~ H. canse 81 tho revoI, of tha cniorias
and "A notent factor in the establishment
~ orr rcon.titn,Ion The conH;c,jn, roo.
S.de,otion cr,,pIad comm.rcn an, ieai.
nnsv VA. engannsred that brousht tho
state tn the v.roe of civil war. In the
Gobt Of history /, could he asserted thnt
arr national Government sDranp from
80 r,oro;.I ,acos,i,v ,,,ora ,hno fror,