The Monticellonian., 1895-08-23
Senator Eustis Speaks.

conduct of President Cleveland, Carlisle and others of his cabinet and cuckOos hencfm men, who by letters and speeches are incessant ly and everywhere denouncing and decrying our coined silver dollar as "unsound" money, as "depreciated stuff" and as fifty cent and dishonest dollar. They well know that tho silver dollar which now so much enrages them is precisely the same silver dollar of 37l 1-4 grains which was first coined in l792, that while the number of grains iu silver dollar has remained the same all this time and more than 100 years. the number of grains in the gold dol lar has been changed more than once. They also know that the silver dollar is a full legal tender in payment of all public and pri- vate debts, that is as good as one of gold, that it will buy as much and infinitely more popular in its wide range and necessary use in the transaction of business. They also know that silver is spread and scattered all over this wide coun- try and gold is held almost exclus- ively in New York City and that the latter could easily be cornered any day by the banks, while silver in the hands of the masses of the people could not be collected and eornered.
 Such treatment as gold has re. ceived, that is free and unlimited coinage, is the only thing which has kept the bullion price of that metal the same as its coined one. To stop it's use as money, would be to throw il upon the market, and subject it to the varying de- mands and various prices as is the case with silver. The legislation restoring free silver coinage would not only put the price up of the bullion in this country but all ov- CT the civilized world. What we need is therefore free and unliml- ted coinage and no international agreement, our money to stay at home and not go abroad. Our silver dollar is no bastard or inferi- or money. It is authorized by the same laws which sanctioned the gold one, and it is the sworn duty of the president to see that all the laws are faithfully executed. If the people believed him implicitly and what he says about the "un- sound and dishonest" silver dollar, they would hesitate about taking it at all and certainly not for more than one-half its face value. But they do not believe him and are glad to get all they can as 100 cent one. And their incredibly is fortunate, for as they hold some four or five hundred millions of these dollars their losses would be very great. The same may be said of nearl y two hundred million dollars in the United States treas. ury in the form of silver bullion, coined silver dollars and some if. ty-fve millions soignorage owned by the government. Neither must we forget that ours, is the greatest silver producing country in the world and that this vast wealth is owned by our people and whose production should rath- CT be stimulated and encouraged rather than injured or destroyed. This is especially true, as the in crease in the value of silver bull lion will not make the dollar dear CT or harder to get, but have the opposite effect and cause higher prices on all things.
 In late case before one of the French tribunals, in which credi- tor sued on note payable in gold. the court held the provision to be void on the ground that in France one form of it's money was as good as another. and to discriminate in favor of either one was Il conspira- cy to injure the government and its credit and that the debtor has the right to pay in anything issu- ed by law as money. On account of our demonstration of silver and solely on that account, the price of silver bullion has declined every where, and it is at the same dis count as with us, in the silver