The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1895-04-18
Section 8. The new currency pro-
posed by the plan shall be o legal.ten.

and shall be paid out and used by the
Secretary Of the Treasury as such mon.
ey in the payment Of all expenses Of
the Government Of the United States,
all taxes, debts and demands becoming
due.to the United States, and for the
redemption of all the outstanding paper
currency OF the United States hereinbe.
fore mentioned, and such new currency
shall by law be considered and held for
all the uses and purposes Of money as
equal to gold and silver coin of the
United States.
Section 4. The Secretary OF the
Treasury of the United States shall
forthwith, after the adoption by law of
the plan, proceed to coin at the various
mints all the seigniorage of gold and
silver bullion stored therein belonging
to the Government at the present
standard ratio of such metals to each
other, according to the laws regulating
such coinage, and shall proceed to coin
as fast as possible all the silver and
gold ore produced from the silver and
gold mines of the United States as fast
as offered for coinage at such mints by
the miners in bullion shape and form
on the most liberal terms and usages
that are warranted by law and the
practices of the Treasury Department,
paying the miner for his interest in
said bullion ore in the dollars that may
be coined therefrom or the new curren-
cy, as may be agreed between the min.
er owning such bullion and the Secre.
tary of the Treasury.
The above written details of the mode
and manner of carrying out the scheme
of the whole plan, as detailed, are ad-
mitted by the writer to be subject to
amendment and modification to any
reasonable extent, so that any such
changes bring out the fundamental OBJ.
ject and result intended to be obtained
thereby, to-wit: To found currency
on bimetallism for the people of the
United States, so that when the citi-
zen has a ten.dollar U. 8, Treasury
bank note in his pocket he will feel
and know that it is worth to him, for
the uses and purposes Of money, ss
m uch as if he had five standard silver
dollars and five dollar standard gold
coin in such pocket, and that that bill
is of the same uniform value throughout
the United States, and therefore such
citizen asks, "Why should it not be
soT The plan answers, ut should"
and that, as such currency is the life.
blood of money, in daily use in all the
business of all the people, made and
created by law out of the very essence
of the combined power and qualities of
gold and silver coined money, in differ.
ent degrees of power and quality Of
such coined metals, also fixed by law,
and that when such life-blood currency
is healthful, therefore the plan declares
that II such essence be so healthy as so
combined by law, the people have the
right Gas plenty of gold and silver they
have) to have their currency for their
convenience made and created by law.
The ratio OF values of the gold and sill.
yer coin is not disturbed by the plan,
but adopting the parity of the coined
dollars of each metal as it exists in the
United States, it presents the currency
thereon established as the peoples
money in the popular meaning of that
term rs daily expressed by the people
and known among them. However
the advocates of the gold and silver
standard or any class of our citizens
object to the scheme is just described,
nevertheless, it recognizes gold as the
golden crowned king of the world of
m oney, with his supreme prerogative
pertaining to and inherent in his jewell
ed crown, with his power of fixing the
value of different coins of money as
supreme, but the plan declares that sill
yer is his royal bridal wife, and as such
has certain money privileges inherent
and pertaining to her position conferred
by law, and that using such privileges
she has the right by law to have silver
dollars coined, and that ever since the
days of Abraham, who weighed out
and paid "four hundred shekels of sill
yer current money with the mer-
chant" for the cave In which he bur-
led his wife Sarah, her silver coin In
various shapes and forms has been cur.
rent money among the nations Of the
earth, and all she asks in the name of
a kind and loving wife is to have that
privilege continued and to aid the King
in making money more abundantly
current among the people in his king
dom. The plan says there is nothing
imm Oldest or wrong in the Queens
proposition, and on the exercise of
her privileges In the aid Of the Kings
prerogative, founds its system of cur
repcy, the child of the union Of gold