The Caucasian. (Clinton, N.C.) 188?-1913, 1896-05-14

DhLk were not TO DC uckeEEEG iEom
their purpose by a single repulse;
another bill, (about the same in sub
stance. was immedlat.iy hurried
through both Houses, under the title
OF THE Fiscal Corporation OF the
United States" and this also shared
the fate Of its predecessor, and failed
to become q law on account Of Pres
ident Tyler's veto"
So, it occurred that the friends CT
a national bank system of finance,
failed in 1871 TO carry out their
scheme of financial relief, which If
adopted, would no doubt have pro
duced about the same ''relief which
we now enjoy IN our day
under the ''reIief" of the hum
dreds, and even thousands of
national banks scattered over the
United States, and controlling and
manipulating our currency. | be-
lieve We have to day something over
three thousand national banks left.
and in operation since the "Banker's
panicr Of 1898. How did the peo-
pie during President Tyler's admin
istration get financial relief? His
tory US that when the scheme of the
bankers failed, by reason Of Presi-
dent Tyler's veto, then Congress did
| the wise and patriotic thing in pas
sing the above cited act in relation
to making legal tenders of foreign
gold and silver coins, and allowing
them 10 circulate in the United
States as debt paying money. And
as before stated, President Tyler ap-
proved this act of Congress on
March Bird, 1913, and it was the law,
and the people were happy and pros
| porous under it for years and years
thereafter. To-day, Congress re-
fuses to pass q free coinage law, and
will not only, not allow foreign sill
yer coin t. become legal tender IN
the payment of debts; but Congress
will not even allow silver Trade
| Dollars" which were coined and is
sued by our own government to be-
come legal tender in the payment of
debts. And yet, We hear ignorant
| goldbugs, who ought to know bet
ter, prate about government credit
back of every com; that every dol
lar should be as good as every other
dollar" "honest money! and such
like expressions. Is it not time for
the States to wake up and begin to
exercise their Constitutional reserved
rights of making all gold and silver
coins of the United States Gnclud.
ing Trade Dollars and foreign gold
and silver coins too, legal tender in
the payment of all debts within
the State, both public and private
Would that we had one term, OF
one month, or even one week OF
day of manlike Andrew
jackson or John Tyler in the
White House at Washington. Wher
John Tyler stood up for the people
against the money power in his day
he incurred the everlasting hatred
of the money power, just as patriot:
who stand by the people are nov
doing in our times.
The Historian tells US that: $50
gross and bitter were the assaults
made upon Tyler that he felt callet
upon tc defend himself from thei
1 violence; and after declaring his de
termination to do his duty, regard
less Of party ties, ne said: II ap
g peal from the vituperation of tn
!, present day to the pen of impartia
. History, in confidence that neithe
! my motives nor my acts will bear tn
: Interpretation which, from sinister
=. motives, has been placed upon them.
= The distressed condition of the couH
6 try in which we live to-day, unde
the system of national banks esta
> lished by the Republican party, an
:, now being fostered and perpetuate
= by the Republican-Democratic party
: guided by the joint, leadership 0
= Grover Sherman and John Cleveland
" is most splendid historical Wind
cation Of the patriotism, the wisdom
o and the foresight Of John Tyler an
:, Andrew jackson.
: Section % Of chapter $40 o
! the Statutes at large of tn
53rd Congress, md session, pag
: 552 reads as follow. "Ths
=. the value of foreign coins as EXPIRE:
. sed in the Money Of Account Of th
q United States shall be that of th
I pure metal of such coin Of standar
value; aud the values Of the stant
:, ard coin in circulation of the variOU
! nations of the world shall he est
mated quarterly by the Director {
;. the Mint, &c. &c.
, The Mexican silver dollar IS est
- mated by the Director of the Unite
e States Mint contains (377.1O thre
hundred and seventy-seven an
seventeen hundredths grains d,
y y pure silver and (419 OS) fo1
- hundred and nineteen and eigl
% hundredths grains of standa1
81 81 silver, which is more of bo1
" 90 pune silver, and more of stan
n ard silver than our legal tend
"Stardard Dollar" contains. The
why should not the Mexican silv
dollar circulate among our people
IL legal tender, debt paying none
es as it did IN my boyhood days7 II
IS Japanese Silver Yen" contai
is (374.40) three hundred and sevent
n, four and forty hundredths of pu
be silver and 416) four hundred a.
[r. sixteen grains Of standard silvs
ke and therefore, the Japanese "Ye
re- contains more silver than our o,
n "Standard Dollar" which has in
W, only (412}) four hundred and twel
nd and one-half grains of standard s
cy. yer. Is there any good reason W
il the Japanese "Yen" should not c
zen culate among our people as none
ms We have driven out of the Unit
Pc States the Mexican silver dolla
ors and sent them back home to Mex
in and thereby given Mexico an
ere mense "boom" and to ourselves c
responding depression in busine
ess And Congress refuses to admit
of Japanese "Yen" to our money
dry culation. We give to foreign sill
ers, using countries the advantages
of the difference in exchanges in