Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-09-24

and partly from the nature Of the bill
in which It occurred. The silver
dollar of American history was de-
monetized in an act entitled IAN act
revising and amending the laws re-
lative TO the mlnts, assay Offices, and
coinage of United States"-(See
speech of Senator voorhees,, in Con-
greesions! Record, January Is, 1878.
page 1927
Horace Greeley saw what but CON-
paratively few saw as clearly as he
did, VIZ, that the establishment OF
the British system meant slavery not
only to the blacks, but 20 the whites;
and these were the words for which
the bankers of New York drove him
from the Office of the Tibnne with a
broken heart to the grave He said;
'We boast of having liberated A.
000,0eO of slaves. True, we have
stricken the shackles from the former
bondsmen ant brought all labor
ers to common level, but not so
much by elevating the former slaves
as by practically reducing the whole
working population to a state
of serfdom. While hoasting of our
noble deeds we are careful to conceal
the ugly fact that by our iniquitous
monetary system we have nation
allied a system of oppression more
refined, but none the less cruel than
the old system of chattel slavery"
Senator Ingalls, said in speech in
this city on February l5, 1878. mo
people IN a great emergency ever
found faithful all in gold. 1t is
the most cowardly of all metals. 1t
makes no treaty it does not break. 1t
has no friends 1t does not sooner or
later betray.
armies and navies are not NAM
tanned by gold. In times of panic
and calamity, shipwreck and disaster,
it becomes the agent and mlsister
of ruin. No nation ever fought
great war by the aid of gold. On the
contrary, in the crisis of the greatest
evil, it becomes the greatest enemy,
more potent than the foe in the field;
but when the battle is won and peace
has been secured, gold reaps and
claims the fruits of victory. In our
own civil war, it Is doubtful if the
gold of New York and London did
not work US greater injury than the
powder and lead and iron of th4 reb-
els.
1T was the most invinclble enemy
OF the pubic credit. Gold paid no
soldier or sailor. 1t refused the ma
tional obligations. 1t was worth most
when are fortunes were the lowest.
Every defeat it increased value. 1t
was in open alliance with our enemies
the world over, and all its energies
were evoked Tor our destruction.
But as usual, when danger had
been averted and the victory secured
gold swaggers to the front and as
serts the supremacy"
Mr.. Beck. Will the gentleman
from Massachusetts Senator Dawes)
allow me to say word? The Sena-
tor from Massachusetts will recollect
that have not said a word about the
history of the demoneization bill, ex-
cept in a response to questions from
the Senator from Iowa Mr. Allison. !
Mr.. Dawes The distinguished
Engllshman, to whom | referred, who
was charged with having come over
here to do the opposite of what he
did, was Ernest Seyd.
Mr. Beck. [ observe, if the gen
tleman will allow me, that on the 9tt
day of April. 1872 when the bill was
read up to its sixth section and laid
aside and never taken up again. the
gentleman from Massachusett Mr..
Hooper remarked:
The bill was prepared two years,
ago, and has been submitted to care
full and deliberate examinations. 1t
has the approval of nearly all the
mint experts of the country, and the
sanction of the Secretary of the
Treasury Mr.. Ernest Seyd, OF Lon
don, distinguished writer who has
given great attention to the subject
of mints and coinage after examining
the first OF the bill, furnished many
valuable suggestions which have been
incorporated in the bill"