The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-05-05

honestly ia violate those contracts. So
W. lssuo : presented on tho allegations
~ Ile ihti finest, bonds are p1Nable u gotd
alone. | dony It, How viii we setil- ~
Niil net TIE lNw and TIC oNures ted " Va
81 congress- determine tn CONTROVERSY
HiN'. these same "suHni ncu y" atiNn-
cafes these critics who und pi,aslra IN
ctlllue mN sort cranks. fools anarchists.
iIstiats, rtpudiHtors, ANA cn,uies to The
.sqArrnmrn' watch Them npun.er aut
SPLINTER wh-u | 'oni the Law and what
N'Nsress lurs ago said on this very sub
lr't. Tht act " congress to sircurthe ~
ihr puhli credit passed In March. iNja. is
Use 1t enacted by the senate AMI house
OF Representatives, of the United States ot
Nm ~" m gross asseintl"i. futi IN
order TO rrinuNr any Gouht as 10 i3a ;ifr-
lc~e az he government 20 discourage all
juSi phiiA ii4Ns 40 he ruhlit creditors,
ai'd y" n'iile conflicting quest inlS a;ul iu-
ierpr etatie1s u The laws Ny virtue or
" men such obligations have been con
trdcted. 1T Is hereby provided ai1 de-
ciarcd that tbe iyth of tie United Sintcs
Is solcmny nnlset TO the payment m
com or It's equivalent Of all the ubiil,a-
lions OF NE United States not heuring
interest known as United States notes,
aui Of all the interesl-h, lring or
lirations If the United states
except in cases where the law auth rlzins
the issuance of ANY such obligations has
expressly provided thAt ihe same IN ~ ho
tAAn rola and silver. i}ut none of said
ilf'l' ~i -poarlng obligations NOT already
dll4 -hnii he redeemed or pali hprnrc
n thrifty Hnless at such time tho United
states All declare them convertible into
f"lu ai iA' option of the hoifi,r or uuIrss
ct sue L Tim, bonds Of the United States
hrprlng lower rate Of interest than Tho
bonds 10 be redeemed can be sold At par
i'm e. IN. And tho United States also
solcmnly pledges it's faith to uialIc pro-
vision al the earliest practicable period
Tor NC redemption OF the United states
And tho act of 1870 authorizing the TO-
fnnlinr of III" National debit among
other things PROV es: That the secrc.
"Nrroing IN thu agprcgate two hundred
million dollars coupon or registered bonds
Of Tho Cnfed States IN such form as h.
may proscribe ana OF denominations of
sou or some multiple OF that sum. reborn
able In coin uf the present standard Vliu".
at the pleasure " the United States,
and the said bonds shall have sot
forth and cNpr, ssed on thir face tho
hhoNc specified conditions"
Under ard ny virtue OF this law every
band of Tho government has been issuod
even Including those executed 50 recrntly
bN : orotury Carlisle. You rccoloct l'resi-
dent cleveland by message 70 congress
asked the law change! so that he could
MAKE thorn payable in gold, and he was
refused tie privilege.
The "ooin of the present standard value"
was the ono in existence in $50 when tho
law MAS passed and is the same which
mlliention tSnn nor now ., NC va ~
he. 10 bay tb.s" 5"hfs 'i In .,no.,' S.o ~,
market value II * ,'f,oii',h ~. , 80 ~. ny
ornmctit To- hermit iho st.,n,lari n az s 9,
nNed hy nor In lS37 In remain ,,,sh', a,ni
nnl lot the marker valnei' nf coin ni',,',,
If spocnintnrs chose 10 ,.h,,li,. ..i,,
prices OF metals o,it of with orr IN p,'or
made. tho govern,nent should lac, e. IA
OIL Tor that is none or n.r He, ran.'
When she coins the inriniiic n,"',.,
Of the eonstituiion and sees That ''uNVs
legal tender Tor all public dues and tri