New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-07
NUTS FOR STEWART TO CRACA.
THE PART HE BORE IN THE CRIME of
1873"

1873"
,s,oru,r,,srAxp1Nc HIS DENIAL THE RECORDS
,,. r,,,r ur KNEW WHAT WAS GOING
ox-wHEN HE WAS ''GoIpBu0.
INV TELEGRAPH TO THE TRlpuNE.l
,,-.s,,,cton July 6-Scnator Stewart OF ->e'"u'
has left Washington for Chioaso ~ 60, IN their
~ ,, tic allies of the Popalist part! III '"e'.
' -. 49,, avenge the crime Of 1913. MI
,,ross,f &c an "avoneer" of no mean pi. ,,o a,
a time that ne aided ana aoet'e" ~. y,ri.
,s-s,, nv voting FOR the Coinage Ac, III " ~ aors
.''s 800. through which 1t passed In the TWO !.a.'
GUS s'"e'' - ,,,cb il was pending on Congress-
80 ~, no took a prominent part IN inc u'
49,, =, .,o measure but within the last ie" 80
,s has succeeded in convincing man! o'o" . 80,
sons bv his solemn and repeated 80. ,,
be slnned through ignorance; 'nat nc "' s,,ood nv
H., Tho "doiar OF the fathers was uropper
80. -. In which by-the-way, II never hdu p
~ s,awar, of course. has desired to impress 80
n,dv with the belief that II he hau KIM. -
t,sna tina, the act did not authorize "'e - al
49, uver dollar he would have fought IL WI" ga
HE m, rht In a speech which ne uei''e'ee ~
senate on June 5, 1880. he deciareH' al,
80. tho. silver was demonetiZed wlth9u, Vie
s,sson in either House OF Congress-: was VAS :, was
tsssd wi'nSs or Something So far as
concerned was isnoTadni uncovered it to do all in
nv nower 10 right the wrong. The tact .a has
when this great W wST have worked for the
last sixteen years in TINS cause
Now. here are two distinct assertions ootn Vi
which are fatty contradicted by the reooru' f'e'
t,a. Mr. Stewart DID no; know fnat the SILVER wv
lar texcept the trade dollar was eliminated rom
tho coinage by the act of 1S7S and second UNI DO
s,3n as he discovered this great wrong ne AZ oi'0c
hogan 70 try 10 right 1t. and mad continued 10 Wy
for sixteen years prior TO Junt. 1871 Inc '' 49,,
became the Coinage Act OF 1873 mail! Pdsse" -
branches Of Congress and became law III ''.
~ that wear Now evidence recently discovered "
.s,sc,ve-ed bv The Tr,bune's correspondent shows
tavon5 question that at least early as fepruai
H. 1874 Senator Stewart was off,ciaiE apr So %
the fac: ~ he not cosnizant OF IL P'loi " INC
time, that the act Of 1873 did not PROVIDE lot Vi
authorize the coinage OF silver nonai v'"' So
the trade dollar on February 10. 1874 ne onereu
.rd the Senate adopted a resolution requesting 'ne
Secretary of the Treasury ITO state what Time W."
he required after the resumption OF Spe''e 80
usents for the minis to manufacture 'he dii NV y.
subsidiary silver coins which will be requisite 10
replace the fractional currency. IN ms 'ei'' ~
this resolution. which was read in the 'e va
the following day. the Secretary SAID
The capaci;y of tho mints for the coinage oL nI
siday sN Ne, com rnin m + eaa to about $40 100000
Ior arnum. and that. n we ASSURE wv be- in cjrcl-
be suT from SO HsSs 90 W to oc about four
Years would he required for the purpose ,on he
made for tn substitution of subsidiary SILVER com
for fractional currency co..o~
After the Secretary's letter had neen rea' e''''''
Stewart remarked: 49,,
Nv object In calling for that information was ms
Wherever specie payment is resumed II VII pe NE
,isS n ,akinc some steps toward having the mlnts
o. Inc United States manuac;ure mis- con- ,' me
Committee Finance and printed.
Is any clearer or more conclusive evhence .''''
fao foregoing necessary 70 show that senator o'e"
arr knew exactly what coins were authorized ana
rrov;6ei fer ny the Act OF 1873? The secretary Oh
no Trsss,;-v defined them subsidiary silver COIN
in a,liion u ;he gold, trade dollar ana minor
coinage" and the senator from Nevada accep'e1 'ne
definition Blu; this ia not all senator o'e""i'
Ia; only knew the scope ana elec' Oh '"e e
Act Of 1876 bu; he heartily approved 1t at least as
,a,o a. February H. 1874 when he declared h.mseh
IN favor of the gold standard He did SO in speech
on 4 bill 10 amend the National Banking law III
TIE course Of that speech he said;
The on.y way 10 relieve the country is 70 moSe
riaht hack . specie payments lei every nan IN Ia,
country know who: the value OF ms I,'fe' 10 'e'
everybody know what dollar Is worth.
Now what lid the Senator from Nevada mean
,xhep he sa,d specie Iaymems? Payments IN
gold and silver con? Not at all, for in the same
psraSra;,h from watch the above quotation is niaue
he used this laasuAse'
Let Us ID a. all he people OF the "o'i" now
been d,!r- from the beginning, measure our values
by god"
,Wnat does tho Senator wan,?" asked Senator
Logan.
AZ want the stand ard gold and 10 paper money
NOT rsdeemabie in gold" was the reply in part
Again in a speech The same SUBJECT IN the
Senate on February %, 1874 Senator stewart de-
CARED: Gold Is the universe. standard OF the
word EvecyDc " knows WIat a dollar IN goa IS
worth
In those DAYS before he had discovered or realized
the enormity Of the crime Of isS, Senator stewart
was fgnting against the imitation of paper
currency redeemab.e in sod, and IN the course OF
his sneech of February II he pointed out some of the
evils of q deprecated ard huctuating currency in
language which is applicable to silver imitation IN
1se, "a II was to greenbAck imitation in 1874 In part
he said:
Every country has found that a deprecated cur
rencv was attended with evils al the time, ard II mas
been the purpose of every country 10 reIeNe IL
able and strong enough today 10 do the same. Ley
us do IT, and then shall have some measure OF
value that farmer can compute, tnat tle iiler
can compute, that any man can compute lheH inc
nan who goes " buy produce WIu be undef 10
necessity himself against the nuctudlIois
OF the currency. The farmer then will know now TO
measure the difference in price between MS wheat IN
Illinois and the wheat in Liverpool /, WI. De me
Transportation and the necessary commissions with
out any insurance on account OF a huctuauhs cui
rercy. The wheat WI. be measured ny tne same
ST indard gold Illinois il X In Liverpool, ana any
man figure IL up
IL will thus be seen that late certainly as Feb
rtary 90 1874 Senator Stewart what he now calls
a "goldbug' and denounces with all the epthets In
his ample and opulent vocabulary and that ne Knew
at .casI as cary February II. 1873. tt the crime
OF 1873" in which he bore snare, nad been COM
mIted ana that ne did begin to denounce II until
some later period-prooably not before there mad
been a considerable decline in the commercial value
Of silver bullion.