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

heavIS TRADE Dollar IN which
there more metal than there is in
the a Fandard Dollar" the Trade
Dolla on that account, has become
an arSsle Of merchandise only, and
may bought for about fifty cents
on tn iollar. have some Of these
"Tra Dollars" myself, which /
boug from bank not long ago for
fifty Vents each. Here then, is a
plain object lesson which it seems to
me the most stupid mind might un-
derstand, and see that as TO money
metals, the Law can elevate or de
press prices and values. My point
is, that the time has come, if ever,
for the States, each acting for itself,
to exercise the above Constitutional
reserved power of making all silver
coin of the United States, 0ncluding
Trade Dollars'D a legal tender in
the payment of debts. Let North
Carolina, one of the old original
thirteen States, take the initiative
on this subject, and | would be glad
to see the Peoples Party put plank
in its State platform upon this sub
ject. If no other State will follow
US, let us draw to the money sircula
ton Of our State the "Trade Dol
lars now held in our own and other
States, and at least put that much
more United States silver money
already coined, in circulation, and
give them a legal tender debt paying
quality in North Carolina.
The statistics Of the United States
Mint show that the total number Of
Trade Dollars coined was 1885,
9G5, 5,924) thirty-five millions, nine
hundred and sixty-fve thousand
nine hundred and twenty-four, of
which there were redeemed under
the act Of March Sd, 1887, 81 ,G09, ,O36.
There have been deposited and pur-
chased as bullion at the Mints $944,-
757, making tho total number Of
Trade Dollars redeemed ard pur-
chased as bullion SIS, ,G33, 1913, leaving
STILL OUTSTANDING (S27 3332 13D
twenty seven millions, three hundred
and thirty-two thousand, one hun
dred and thirty-one Trade Dollars.
In the good old days, more than
fifty years ago, when John Tyler
was President of the United States,
and before the days of Grover Cleve-
land, the Congress of the United
States passed an act which Presi.
dent Tyler approved, regulating the
currency Of foreign gold and silver
coin in the United States. This was
in the days when the United States
was in truth and in fact, an independ
ent nation, and before the latter days
when our so-called statesmen were
wont TO speak of international ra
tio,' international agreement" anC
all that kind of International non
sense, and international treachery
to subvert the Liberties of the Ameri
can people. | quote below the ac
IN full, and it is interesting to mote
that by it foreign gold was made re
ceivable by "WEIGHT,' and foreign
silver coin of Mexico, Peru, Bolivi,
and Spain were receivable b.
TALE" that is, by number or count
at their face value as "Dollars," O.
zone hundred cents.'
"An Act Regulating the Currency of FOI
eign Gold and silver Coins In the Unite'
States.
THAT from aud after the passag
! of this act, the following gold coin
shall pass current as money within
the United States, and be receivabl
by weight, for the payment of a.
3 debts and demands, at the rates fol
,, lowing, that is to say the gold coin
,, Of Great Britain, of not less tina
2 nine hundred and fifteen and hal
thousandths in fineness at ninety
four cents and -tenths of a cen
per pennyweight; and the gold coin
of France, of not less than eigh
hundred and ninety-nine thou
sandths in fneness, at ninetytw
, cents and nine-tenths Of a cent pc
pennyweight.
SEC. 9. That from and after tn
passage of this act, the followin
silver coins shall pass current a
money within the United States, an
be receivable by tale, for the pay
|. ment of all debts and demands, 6
the rates following, that is to say
: the Spanish pillar dollars, and tn
:, dollars of Mexico, Peru and Bolivi
of not less than eight hundred an
ninety seven thousandths in fn'
: ness, and four hundred and fftee
=. grains in weight, at one hundre
; cents each; and the five franc piece
. of France, of OF less than nine hu,
:. dred thousandths in fneness, an
three hundred and eighty-four grair
. in weight, at ninety-three cen
4 each.
; SEC. 3. That it shall be the dut
;, of the Secretary Of the Treasury
cause assays Of the coins made Gu
! rent by this act, to be had at tt
u . Mint of the United States, at lea
n once in every year, and to make r
port of the result thereof to Co
gress.
IS Approved March 3, 1S43."
id 1t will be remembered that Pre-.
is dent Tyler while a United Stat
ne Senator, and before he became Pr,
d, ident, firmly supported the admin
he tration of General Andrew Jacksc
". aud voted against re-chartering t
to United States Bank. And when n
I'm Tyler became President, he, (unli
Grover Cleveland Of our day.,
I'D fused to become the slave of conct
tes trated wealth which then, as nc
ne clamored for national banks, a
all control of the peoples curren
~; History tells us that President "
all liam Henry Harrison, (not our
he of Force Bill'' notoriety, but Be
,il- grandfather, the old hero of "Tlp
,ot canoe. whom our whig ancest
"" loved to honor, soon after his
he auguration, when the times "
me financially out Of joint, issued
r." proclamation, convening Congl
,ht for an extra session on the 3ls1
is, May, 1S41, to consider "sun
ier weighty and important matt
ZEN chiefly growing out of the state