Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1896-10-29
CONSTITUTIONAL MONEY.
HON. WILLIAM WOODBURN'S
VIEWS ON THE SILVER
DOLLAR.
Points That Cannot be Contra
dicted by Any Man Living.
ICoNTINUED FROM YESTERDAY

ICONTINUED FROM YESTERDAY
Is THE SILVER DOLLAR A DISHONEST
DOLLAR?
The first silver dollars ever coined
contained 3714 grains Of pure silver.
They were then honest. TIE dollar
demonetized in 1873 contained the same
amount Of silver. There was no pre-
tence made by any one who voted for
or against demonstration hat the
silver dollar was dishonest money. On
the very day the inal vote Was taken
1t had a premium Of 3 per cent over
gold and therefore could not be dis
honest.
The chief reason ever given for
dropping the standard silver dollar
from the list of coins was that silver
was too valuable to be coined.
Eugene CasseIly, then Senator from
California, voted 10 demouelize the
silver dollar through fear hat the
world would be deluged with Nevada
silver, and that it would be IA profit
able operation TO buy American gold,
coin it in San Francisco and give in
return our surplus silver. He Was
more than satisfied with the trade
dollar that contained y grains more
than the present dollar for purposes
of trade with China, Japan and other
Oriental nations, and when he cast his
vote he knew what he was doing.
Up to 1884, the silver dollar was the
monetary unit OF value and contained
4l6 grains Of standard silver. 1t bad
3714 grains Of pure silver ant 444
grains of copper alloy.
By the Act Of 1887. 81 grains of cop
per alloy were taken from the silver
dollar, reducing its weight to 4i23
grains as at present.
1t contains to-day 3714 pure grains
of silver and is honest now as in 1892
when it a first minted, and with tie
exception Of five years from 1878 to
1878, has always been a unit Of value
and a full legal tender in payment of
all debts, public and private from
that time.
Greenbaeks or Treasury notes on
which the Government realized Only
so per cent were made payable b. d
Republican Congress in 1863 III honest
gold OF silver.
The 5 per cent bonds issued Ivy the
Government by the Acts of 70 and II
were made redeemable at p, assure ~
the United States after the first OF MAY
1891, principl i and interest in honest
gold or silver.
4 per cent bonds are reGerina' -
after 1907 in honest gold or silver -
The Act of SO passed to tre1
the public credit, provided S."
United States was bound to
coin all its interest bearing
ions. 70 make it certain W, -
meant by the word coin, it was pro
vided they might be paid in standarr
silver dollars, containing each 4l2:
grains of standard silver.
Bonds issued by the Act Of 1873 are
all payable at the option Of til GOV
ernmeut in standard silver doi!ag5.
Cola of full legal tender, silver an'
gold, was the unqueslionahlr c"ts'd
GRAFTON of the debts contracted t:v tn.
United States and not a specific c0ir
l deny the e~xistance Of any SO cen
dollar. There is no such coined mun
strociry. No American silver dollar
ever contained more grains OF pnr,
~,
moment a silver dollar eavesth the min
it has the same debt paying p,xer y.
a gold dollar. One hundred dollars j.
silver will now purchase in the UOitet
States as legal tender money, as nue.
gold bullion as one hundred dollars il