Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-10-21

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expansion or contraction 10 It's amount
nature has set limits ana labor unparts
IN ihVarIabie value 70 1t. IT is. there
lofe, the true representat.s.. Of the
principles OF justice ana equality xhich
should enter into everything that on
crates on our institutions, and srould
be ever insisted on by the Industrious
classes as the actual circulating me-
dium TO bring continually to the test
every species of credit currcrcy, and to
suppress the spurious Paper system.
resting on no solid basis, AMI giving
birth to frauds and stock gambling:
which tends so much IL estranga ou-
people from honest and useful pursuits.
and our legislation from that primitive
patriotism which was once entirely
directed to foster thew
THE CRIME OF 1871
Silver men say silver was demon
cited in secret by the crime of 1873.
The act was submitted April %, 1870;
printed, debated. and amended in 1870.
1871 1872, and 1873; became a law Feb.
IL. 1873
Silver coinage has been greater since
the act than before. Up to 1873 legs
than S,o60.0o0 silver dollars were coined
Since 1873 447, 100000 silver dollars have
been coined
The act Of 1873 simply provided that
the gold dollar (25 $40 grains standard
gold adopted under the gold bill" of
Andrew Jackson's administration in
1894 and the act of 1887, should be the
unit of value
The first unit" adopted in 1892. the
dollar of the fathers" was a dollars
worth of silver. 1t was meant to be a
lO0-cent dollar, at a ratio of Is to l.
But silver fell gold was driven out of
use, and under Jackson's administra-
ton the House. 145 to So. and the Sem
ate, 81 to I, passed the gold bill''
which brought gold back.
A dollar of 100 cents worth of metal
is the real dollar of the fathers" and
Andrew Jackson's dollar too.
The act Of 1873 was in line with the
acts Of 1894 and of 1892. 1t was not i'm
secret. 1t was not a crime 1t was an
honest, just. wise act.
TRUE DEMOCRATIC DOCTRINE.
Jefferson. in 1888. wrote: Just prin-
ciples will lead us to disregard legal
proportion altogether; to inquire into
the market price of gold in the several
countries with which we shall princi-
pally be connected in commerce, and
to take an average from them. l very
much doubt a right now to change the
value, and especially to lessen it,
The House committee, in 1921, re-
ported: 1T is sufficient to know, by
unhappy experience. that it's (ratio of
Is to ID tendency is to rid us of a gold
currency and leave us nothing but sill
YER"
The House committee, in 1884, re-
ported: THE desideratum in the mon
etary system is standard of uniform
value. We cannot ascertain that both
metals have ever circulated simultane-
ously. concurrently, and indiscrimi-
nately in any country where there are
banks or money dealers, and we enter
tain the conviction that the nearest APP
proach to an invariable standard is it's
establishment in one metal, which met
al shall compose exclusively the cur
rency for large payments
Andrew Jackson, in 1886, wrote:
There is no fraud in gold. 1t is I'M
changeable. and will do it's Office every
where, and at all times. Labor i'm
parts an invariable value to it,"
Benton in 1884, said in debate: 1T
(gold) has an intrinsic value. which
gives it currency all over the world to
the full amount of that value, without
regard to law or circumstances. 1t has
4 uniformity of value which makes it
he safest standard of value of prop
arty which the wisdom of man has yet
discovered. Its superiority over all
,ther money gives to it's possessor the
choice and command of all other
money
Following this debate the act called
he administration gold BILL" intend
I'd to put the country on single gold
standard. was passed, las to Sc in the
House, and S5 to Z. in the Senate, and
signed by Andrew Jackson president.
The House committee, in 1853, re-
ported; Gold is the only standard of =
'alue by which all property is now
measured. 1t is virtually the only
of the country. We desire to
lave the standard currency to consist
# gold only. and that these silver coins
nall be entirely subservient to it, and
hat they shall be used rather as to-
'ens than as standard coins"
ARE YOU A PENSIoNER?
Your pension would buy only half as
much OF the necessaries and comforts
II life If paid you in cheap dollars as
buys you now. If you think your
'ension is too large, vote for silver and
AVE it reduced.
FIVE UNDISPUTED PROPOSE
TONS
F1rst-There is not a free coinage
ountry in the world today that is not
n silver basis.
Second-There is not a gold-standard
ountry in the world today that does
lot use silver as money along with
old.
Third-There is not silver standard
ountry i'll the world today that uses
ny gold as money along with silver.
Fourth-There is not a silver stand
rd country in the world today that
as more than one-third as much
loney in circulation per capita as the
'nited States has
fl1th-There is not silver standard
ountry in the world today where the
lporlng man receives as fair paw for
is days WOrk-HOn JOhp ~ oo,,:sto