Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-11
SENATOR MILLS AND MS mn,

Denton, Dec "
Editor Gazette;
The editorial In Sundays Gazette,
under the caption of ''l'locking Back"
Is q very clear eypoation OF the prea.
ent financial jugglilg ~ no aational
capital.
The writer doeg not concur In the
nonclusiona OF the Gazette, that Seng-
tor Mills bill " In fact but a re-at-
ilrmntion of tho law as It now stands,
The only provisions OF law now on the
statute books In reference to coinage
IL that contained In the unrepHalod
section OF what is generally known AS
the sherman act, which provided be-
fore tho purchasing clause waH Btrick.
en out for tho purchase of n specified
amount OF silver bullion. nnd issuance
Ut coin certificates or notes In payment
Of the bullion purchased, the coin GER
tihcAtes or notes 10 be redeemed Mt the
option OF the treasury department In
coin The unrcpealcd portion Of the
act " sun In force and provides for the
coinage into standard silver dollars OF
30 much of said bullion as might BIO
necessary for the redemption OF tile
notes; Enthusiastically contemplating the
hnul redemption OF the coin notes is
sued with the standard silver dollars,
which under the law were n full legal
tondcr, good alike for the liquidation
OF debt and redemption OF these row
ernmcnt obligations or coin notaa
From rubiiahcd reports OF the contents
OF Senator MINIS bill. 1t does not pros
vide for the coinage II the hullinu into
standard silver dollars, which In law
would DO full legal tender for all
government obligations, but simply
proposes to coin the bullion Into halves,
quarters and dimes, IN other words.
subsidiary coin, that are limited lo-
gal tender. and can not be lawfully
rendered In liquidation OF debt Tor a
nrpltOf Than 81 hRnNn ~
conclude can not be rendered or used
IN excess of that amount In redemp-
ton OF government notes or obliga-
tiona.
The senator ia TO be congratulated.
however. for his back down from the
man Dudley, that gold ana gold alone
was. not only the poor mans money
but was and should be the money OF
ultimate payment in other words, The
standard money OF the country, tina,
Rnld Nlorc was suitable Cor CONNER
cl0l aud International settlements, H.
quotation OF bonded Indebtedness, ano
'.redomptisn OF the legal tender green
backs and treasury coin notes Of The
government
But presto, change In the senators
BIN there ia recognition OF vlrtu,
IN silver not dreamed OF when h,
wrote Ills celebrated gold standard let
ter 10 Chairman Dudley. The phil
enopher's stone has been discovered
the remedy to prevent the Spectator,
from looting the treasury has beer
FOUND. provided tho gold reserve hal
been drawn out by the bad mon be
low what 10 understood TO be the lega
limit sioo,oOD,o00.
II tho contention " correct that sub
fldiary coins are q limited legal ten
der In payment OF debt, and therefor,
IN the redemption or outstanding oh
lisstlols OF the government the 10
cognition or that speciai virtue IL al
there IL n the bill. suppose the sena
ior's bill should pass and meet Will
executive approval "a yl1lent suppo
fition l admit, and the bullion In hi
treasury should be coined into sub
fldlary colns, halves. ruarters an,
dimes, n such colns are limited lega
tender and eonid not be iSed sur io
detrption purposes, shouil the gold 70
serve. as provided for In TIM senator
~ eill. fall below uue hundred million
from what source would the senate
get the legal tender silver for redcnp
Is tion purpoaesl Certainly the senate
does not contemplate Using the stand
ard silver dollafs IN the treasus,