Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-01-24
.eATttgRsD 40 eIMsrAttlsM.
ssrerson. Bssn''ton and sacksoa Opposed
the c.-4ap Dollar.

u ncto on the establishment q a
mint homas Jefferson IN 1891 Ntoto as
fellows:
The Iro0crtion between the vulue o. roll
ed sllvtr ii "a ls'l'r.Ttilc problem alt1-ofhcr.
JET i';'r'.lcs vll le.J as 90 c-lrceari
I,fai rrop7 Hcrs sl;orctler % inquire inso
ttc lnaa--f. if-,c ~ 6oll ia secs. v.i-l ccc1-
Ftrics vita which We stln rrtl..railr De eo-,-
nccted 81 commerce ANA 20 t.-lo ar average
fiCla Aeia.
u q letter 20 1fr Hamilton in Zebra
any, lio2. Rlr. Jefferson cxprasecd lis
opposition TO chc1rcning tho dollar OK
rccyc'ug tie monetary amt. lie said Of
the dollar:
very much doubt right ROW to CHANGE
the ytlcc emo especially Co lcs.en it. ii wovll
lri tos3 eaey mode or raySn-, or t'eirtlti,f-.
. Should n be thought, however, that con-
gross may reduce tAe v.uuo oi tho dollar.
should BE- Tor adopting f.r our Cnit, instead, "
the dollar either one ounce OF PURE silver or
ono ounce ~ stcncard silver, SO as 10 Keep the
mlis II money part ~ the system Of meas-
uro3, weights and coins.
Andrew jackson in Isis message Of
Dec. ., 1891, said 81 ,he result Of chang
ing tho latio between gold and silver
and tho consequent return of gold to
this country:
The progrc.s q oor r3i3 coinage ID credit
allie O. the cf.-fra Of t.c mint uIl promises
in % sort poriol CD flemish .ae country with
a Fo-nd e.-t portable currency.
In his message Cf Dcc. ., 1885, he
said:
u is pleasing TO witness the advantages
which i,-vc already been Ccrivod from fifo r..
cent lsws regulating the value Of the gold
coinage.
IN his last message. Dec. G, 1886,
Andrew Jackson described the eGat e. of
an imitation Il the currency, and though
he was speaking Of bank notes. not al
ways reCeouahle in coin, his remarks
are equally applicable to any currency
chat IS not worth intrinsicaily whatjt
| purports 60 be worth and 70 any reduc-
/ ton Of the money unit, whether pa
, per dollar worth less than a coin dollar
or a silver dollar worth less than the
gold dollar. &c said:
, The progress of an expansion, or rather n
depreciation, Of the currency, by excessive
bank issues, Is always nGe1 by a loss To- tie
tailoring classes. This portion OF the comrut-
nifty have neither time nor opportunity to
watch thc cbi's and flows OF thcmoncy market.
Engaged from day TO day in their useful
tolls, they dc not perceive that although their
2 wages arc nommally the salno. or even some
whist higher, they arc greatly reduced. in fact,
3 by tho rapid increase Of g. spurious currency
which, rs 10 appears 20 mako ino.cy abound.
they arc 40 first inclined e. consider blts. ir.,
I u IS not eo with Tho spccuator. by whom this
operation is better understood end IS made 20
go li-7 ''oN ''ii'aec. IL - NOT "htI the
prices Of the nccDssri.e Of lila bcco.n. SD dear
'i'.. 'l-, go, '-,.- olaaS'' cannot supply th IN
N"i'' tN ''''i "".,' ''.' the wages flse
and rl~.Cu:liy reach iu-tly rro1nriioned rate
4" 1''' III '"' l.i''''-''' 81 iAt't i.p'r
MI lnrhan was secretary Of the
treasury in the cabinet of Andrew Jack
son. Iu 1880 the absence OF gold from
'hc Cti'ul-l-'h L'coeSe tho mint ratio
WAS not tIo ratio of commerce led tln
.o,,.,t. 8, ,.,il 90, N-,,,.,. ....,. r..-t.. ~
. .. n
" I'iOi' i'-'''"i"S NiN tNi"'iNc FaluV OF
l., - 80 - -, lgl y t...sft-i NY
T. 1880 - I-Tl.,fi 300. ti.t la
,,,oro,,,.l ..;l,.,. g.. .-.1s t.. -, -sI
I,ote,,d tl,,t c,,,,,,,'.. LII -,
, i'm c,,,cnr,.rt c;,rrl,,.,,. ..,d -.
svstc,,, If r,,cri,,.,o rl,s -,
,[os i,.n,,si,,o 1t.., .o'.,,,.-.. t..., NV,
~ chooS, ,.rirh ,,....I ~ ,...-r.l ...r.,
Tn thi.. ,.,I.. +o a.. .,,...,, -.
, finance pt;,,f.t.- e..,d.
]
I'"''' '.' ...''..- '.' h''.'F 'lr.-I. -.n'1 &C
''-'. 90 ...i ''" -'.f'r l-tf n. Pc. lu... I as
'-' '-i'.'.' ' '.i..'. D. ti.-.-. I'D '. ....It.d
- 1850 --.A 81. 81. l'i i .. d.. .t...t. f -'.r
b l.'f- i -
WOE ''.'. SD 1920 i''.. 'Errt c.'..1. ."u
't'. ...t" '.r GIL. t... .i--. t.- ri-
'N '. t.''r i'-et
"i. ',- .f ,..'. t-1
. ,.t..-
o. p,-.r.i ,.a.~. t..a or 4a.i..e .... l..