Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1895-10-18
It Washington STANDARD
OIl TPl.. i<II.
FRIDAY UtNllG. OCTOBER IS 1895.
Evolution OF Gold-Bug Policy.

.
'''-''S>' III WHO" 'l'' 4'El'!a'i"h on
finance J. given quite an extensive
consideration ami ,h. o,;,,;.,
pressed that "The distinctive measure
ui the Forthwith Conrr,., WAS the
passage Of the act for tine coinage Of
silver dollars. and III. adontion Of 4
resolution introduced hy senator Stan.
lev Matthews. then Republican SEN
ator from Ohio and afterwards one of
the Justices Of the Suorcme Conrt Of
the United states. which was in the
following LANGUAGE.
E..,J,oj TL., al 81. ,or1. . ,I.o
United States issued or authorized to h,.
i ,'.; "ii'ler thr s;'d acts "i congress
rira! and interest, ~ H.. nniinn 81 the
government Of the nited States in silver
. ..,n.'i'' VI 'it '"i!'sr 81 'iir hi'rd
twelve and hall grains each Of stand
ara silver and that I" restore I" its
der in nav,nont vi sa;I h"ni. '1;nc ;en
and interest, is not a violation OF the
r rih, ram ,t nor IN derogation OF the
r.,
=, "o "''i'"'e Vi congress 'o"arus
1, q. 'A' ,''ie i'''' s"o"S 'e'!
"' wv 'e"> ''"s :.
~ Wv >'o'''o''o ''A".'o'' AZ 100
.,. w "''0e 'oO', anu
C.'. ' p""' ~ 'o"SP''ae'' "'
49, '''.' '"'.i o"4s o'en
'" u '"0 ie"u'"s '''en
r,n pay
e''.e"' "nue'
~. ~, anu "''o''i"s W Vic iecoiu
y. -"'' D'"'ne' presented 'ne suoJec' III
, ''"s' " oo"siess' Oee' '"' io"'
s '"a' ~ i''''ei s''ou'u ohis
'o 'se' q. i'' co'ni'eieiai '"iue' H.
-, 49,. Low,
,.anao:s 40 ,:.., ' t -
$780,. .-a..,,,....,., 49,,
: -:.~:. -, -, ~ WY. y,
N ~ f ~ -
pto" ."'' ''o "ono0'
" " '"o p''''0 'ieu.'oi'
~ Ina" "a'' VI oo'''e'
INV "''" viz 'o"sPii"'ois' anu
- Mo ".""' iepo'' So'lni''eu d. 'i"'
''"'e' S"'"' "oooioins " 'n's sa''ie 'er-
"oiouS iecoro' AS the government
eAac's IN payment LOT ponds' their iuil
i"oe '"'ue ih co'n' IL Is ''ot anticipated
'l'"' Any iu'ufe iesis'S'ioh Vi Coh'
sress' OF any ac1ion Oh any department
vi 'he government Will sanctlon OF
Tolerate the redemption OF the princl'
psi Vi 'i'eso oo1us' VI 'ne payment Vi
interest thereon, in coin OF less value
than the coin authorized nv law at the
:,
tiliie VI 'heir issue-peihg goid coin.
"In direct hostility tn the recom.
hiehua'ions vi 'he Ohio IresioeilI aho
Ohio Secretary of the Treasury" saws
NJ Rla;no "ar Ohio Sorotor NJ
Stanley Matthew's moved a concur
rent resolution in the Senate declarinS
...uLo1,, s H.. u.;.oa
"i' oo"u0 VI WY o"''ou o'"'e' al
payable In silver dollars OF II23 grains
and that to restore such dollars "a 8
~ 49,, .,., A..
Iu'l iesai 'enoel 'or 'ha' purpose
not in violation OF public faith or the
r;obts If tho cred;torsn Tho rsso,u
~,
ton 10 winch MI. bialne refers II
given in full above.
a.. s;,;o .,..
No" moi '"o opp0'." .N"' q"
sued upon this at the time de6dtd6h
sround. bv the enemies of silver
o,; fro, At. p,.;
AIaih quo'ins iio''i 1"i' Diaiho'
"Mr Edmunds moved an amendment
declaring that the bonds are PAYABLE If
gold coin or its equivalent and that any
other payment without the consent q
the creditor would be in violation of tbf
public faith 1t was defeated-ayes is
noes a.. On the massage of the resoln.
tion in the Senate the ayes were AZ and
the noes %. In the House of Renresen.
tatiyes the resolution was passed unde,
a suspension of the rules-aves 1879. noes
rs. This proclamation of the financial
creed of Congress was made complete on
the 10Th day of January. 1878.
son the 5th of the previous Novem.
Der. during the extra session, the House
passed under suspension of the rules a
bill for the free coinage of silver dollars
of 4l2ls grains, full legal tender for all
debts public and private.
Gas reported from the Senate finance
committee, it provided for a coinage OF
dollars of 4l2la grains to the extent OF
and not less than $1,000, 900, or more
than s., 900, 900 per month, all. seignior.
age to accrue to the treasury.
"Mr. Morrill, of Vermont pronounced
the measure a fearful assault upon the
public credit. 1t resuscitates the obso.
iete dollars which Congress entombed in
1884, worth less than the legal tender in
gold and vet to be full legal TENDER
"Mr Herman of New York said, This
bill does not proceed upon the basis that
we are to make silver dollar the equiv
alent of gold dollar and he thought
the cheaper coin would inevitably drive