The state republican. (Jefferson City, Mo.) 1871-1896, 1895-05-23
Tie n~LLnit.,'

"Lord, lord! how this world II
given to lying 1t has taken a bet
aud a reference to a learned Judge to
settle in a Chicago discussion what
has boon in the statute books for
over a hundred Years-- that the silver
dollar was Il unit Of value by law.
Gold and silver coin we're legal tender
before the constitution, aud Congress
under the power to ''coin money,regug
late the value thereof. aud of foreign
coin," etc, in 1892 provided for
coming II first money as a nation.
The discussion os was printed in the
opinion of Judge Vincent yesterday
discloses one very important point,
to notice which is the main purpose
in writing this-the effect of confin-
ing the unit to one metal. Alexan.
der Hamilton, the founder of the
financial system of the United States,
in responding to the request of
congress, said this.
"Bnt, upon the whole, it seems
to be most advisable, us has been
observed, not to attach tho mutt ex
clu5ively to either of the metals. bd
cause this cannot be done eGrectualk
without destroying the Office anil
character of one of them as monk,
and reducing it to the situation Of
mere merchandise"
There is the argument on which
the coinage law of the nation was
based, and which remained so for so
years. 1t also describes, with the
clear vision of n prophet, the disas
trols effect of combining the unit to
one metal, as was done in the act of
1873. He next discusses the ques.
ton OF ratio and recommended as
'the uuit' 24a grains pure gold and
3I1 grains pure silvrr-or exactly
ID to l.. Congress then provi(e ed
for the coinage of silver dollars or
uuits' and eagles OF ten unit"
Yet in the race of these facts mpit.
who have stood well in community
tell people that Coin led when he
wrote that down in his book. The fact
that a distinguished Judge opposed to
free coinage has decided that the sill.
yer dollar was a unit by the first
coinage act of congress is a black
eye to the gold 'lie" first told to dis
tho authority of Coin" And
now, as no gold dollars were autho-
by the act of 1892, but only
eagles each to be Of The value of
tel A%n,s," AMI tl,t tho oni? Hai5
{ IN -. tlr -.'lor q i'rrs. tn uai -"
is it going hey onl the record to say
that the silver dollar wns the urit?
That is simply the iact-fur eagles
haG to have ten units, half eugles
five units. and quarter eagles each
to be o? tie value Of two dollAIs and
hall dollar" The fact that the
quarter eagles ARE defined by the
dollar if n flood OF light Oh tho
"unit"mrtter---which to any common
SO reader was tho silver dollar
and nobody bat II usprer would try
to svade the l'gol meaning of the
nc5 OF 1892, Gold is the mancy
of kings, silver is the money OF .i.e
people - . prcycrh that has come
iowa from the most remote ages
Bnsines lying and commercial false
hood was born of usury--au aud it will
make Il coi,ese professor or an
editor deny SO simple il thing as that
the silver dollar was made a unit Of
value by the act Of 1S02-and so re-
mained until by the act of 1878 it
was banished from coinage altogether,
and Il gold dollar OF % $40 grains
shall be the unit Of value" was put
in It's place, with all the evil predict
ed by alexander lIamilton.-Kansas
City Journal.