Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-09-24
FREE COINAGE OF
GOLD AND SILVER
AT 16 to !.
The Hope Of The Nation
By H. c. BURsoN, NJ. D.
1CoNTlNUED.l ]
By H. C. BURsoN, NJ. D.

GcoNTlSUED.l
THE panic has brought greenbacks
about to par with silver. wonder
that silver is not already coming into
the market to supply the deficiency in
the circulating medium. When it
does come, and predict that it will
soon. we will have made rapid stride
toward specie payments. Currency
will never 20 below silver after that.
The circulation of silver will have
other beneficial effects. Experience
has proved that it takes about forty
millions of fractional currency to make
small change necessary for the trans
action of the business of the country.
Silver will gradually take the place of
this currency. and, further, will be-
come the standard of values which
will be boarded in a small way. |
estimate that this will consume from
two or three hundred millions, IN time,
of this species of our circulating me-
dium.
at will leave the paper currency
free 70 perform the legitimate func-
tion of trade, and will tend to bring
US back where we must come at last,
to specie basis l confess to a de-
sire to see limited boarding of mon.
ey. 1t insures firm foundation IN
time of need. But l want to see the
boarding of something that has a
standard of value the world over.
Silver has this, and if we once get
back to that our strides toward a
higher appreciation of our currency
will be rapid. Our mines are now
producing almost unlimited amounts
of silver, and it is becoming ques-
tion, What shall we do with itY |
suggest here q solution that will
answer for some years, and suggest
to you bankers whether you may not
initiate it: To put it in circulation
now; keep it there until it is fixed and
then we will find other markets. -
McPherson's Hand book of Politics for
1874, pages l34 and 1875.
"Whv the act of 1873, which for
bids the coinage of the silver dollar,
was passed no one at this day can give
good reason" Senator Bogy, of
Missouri, in Congressional Record, vol
ume A, part Fourty-fourth Congress,
first session, page ATS.
Did the people demonetize silver?
Never! 1t can not even be fairly said
that Congress did it. 1t was done In
corner, darkly. 1t was done at the
instigation of the bondholders and
other money kings who now with up
turned eyes deplored the wickedness
we exhibit in asking the question
even, who did the greater wrong
against the tolllng millions of our
people7
How will Congress answer these
people except to say that the silver
dollar weighing 4l2! grains was an
honest dollar until the 18th of Feb
ruary, 1873, when we destroyed the
money in your pockets and left a vast
debt hanging over you, since when
our bonds have been sold from hand
to hand in the markets among stock
gamblers. They knew that we had
stricken down your rights and trus.-
ed to our honor that your rights
should be restored. 1t would be dis
honest in US to restore your money to
its value and vitality. 1t is bullion
nowhere pig metal-and is no
longer money-Senator Morgan, in
Congressional Record, December II,
1877, page l44.
| know that the bondholders and
monopolists of this country are seek
ing to destroy all the industries OF
this people III their greed to enhance
the value Of their gold. known
that the act of 1873 did more than
all else to accomplish that result, and
the demonetlzstion act of the Revised
Statutes was an illegal and uncon-
stitutional consummation of the fraud,
| wants to restore that money TO
where it was before, and thus aid in
preventing the consummation of
their designs. Speech by Senator
Beck, OF kentucky, page 25S, Con-
gressional Record January IL, 1878.
The silver dollar is peculiarly the
lsooring mans dollar, as far as he
may desire specie = + =
Through out all the financial panics
that have assalled this country, no
man has been bold enough to raise
his hand to strike it down; no man
has ever dared to whisper of contem-
plated assault upon it; and when the
18th day Of February 1873, approach.
ed, the days of doom to the Ameri-
can dollar, the dollar of our fathers,
how silent was the work of the enemy!
Not sound, not word, no note of
warning to the American people that
their favorite coin was about to be