Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-10-15
Democratic Northwest.
AND HENRY COUNTY NEWS.
FREE COINAGE OF
GOLD AND SILVER
AT Is to !.
The Hope Of the Nation
By H. c. BuRSoN, NJ. D.
By H. G. BURSoN, NJ. D.
CONTINUED.

If this was question that so Con
cerDed our people, and that our cred
it was to be strengthened by the acts
of 1869 and 1873, Why was the peo-
pie not asked whether they wanted to
change the unit of value in their fl.
nancial system? They dared not dc
that They simply through their
agent, John Sherman, introduced the
BILL had it passed and the people knew
nothing about it. When the clerk
asked Il he should read the bill be-
fore it was voted on he was told by
Mr. Sherman and Mr.. Hooper that it
was not necessary, that 1t was only
a minor change in our financial Sys-
TEN, and was not worthy Of debate.
1t was passed-signed by the Presi-
dent and the greatest legal theft OF
modern times was accomplished.
The great papers as wide awake as
they are did not even know it; but
now the people know it and will re-
pudiate it this fall.
General Grant then President after
ward said That the bill came so well
recommended that he did not give il
careful consideration but had he
known that it was so far reaching in
its destruction and robbery, that he
would have promptly vetoed it.
The great and noble Blaine had
the following to say of the subject in
a speech in the House of Representa-
tives on Feb. 7th, 1878:
81 believe the struggle now going
on in this country and in other coun.
tries for single gold standard would
if successful, produce widespread dis
aster in and throughout the CONNER
cial world. The destruction Of silver
money, and establishing gold as the
sole unit of value, must have ruin
Gus effect on all forms Of property ex
cept those investments which yield q
fixed return in money. Those would
be enormously enhanced IN value, and
would gain disproportionate and un
fair advantage over every other
species of property. If, as the most
reliable statistics affirm, there are near
ly $1,000, 100000 Of coin or bullion
in the world, very equally divided
between gold and silver, it is impos,
sible to strike silver out of existence
as money without results that will
prove distressing to millions and ut
terly disastrous to tens Of thousands
II believe gold and silver coin to
be the money of the American people
anterior to the constitution, which
the great organic law recognized as
quite independent of its own existence.
No power was conferred on Congress
to declare either metal should be
money. Congress has, therefore, IN
my judgment, no power TO demone-
tie either. If, therefore, silver has
been demonetized. | am IN favor OF
remonetizing it. If its coinage has
been prohibited, | am in favor of or
dering 1t to be resumed. l am in IA
vor of having it enlarged"
81 believe the public creditor can
afford to be paid in any silver dollar
that the United States can afford tc
coin and circulate. We have forty
thousand millions Of property in this
country, and wise self interest will
not permit US to overturn its relations
by seeking for an inferior dollar
wherewith to settle the debts and de-
mands of any creditor.
"The interest of the public creditor
is indissolubly bound up with the in.
terest of the whole people. Whatev-
er affects him affects us all; and the
evil that we might inaict upon him
by paying an inferior dollar would re-
coil upon US.
"If paid in good silver dollar, the
bondholder has nothing to complain
of. If paid in an inferior dollar, he
has the same grievance that will be