Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-08-28
STANLEY MATTHEWS' Res
OLUTI0H.
This Preamble and Resolution
was introduced in Congress-
December s, 1871, and pass
ed January rs, 1878, and has
Never been Repealed.

made legal tender for five dollars
for the original dollar OF 4l2 IL
grains of standard silver, and which
was legal tender in any amount
the Congress of the United Slater
by two thirds vote ia Il Democratic
House and a three fourths vote in a
Republican Senate, adopted the fol
lowing preamble and resolution in
PRODUCED i'll the Senate, by Stanley
Matthews, OF Ohio:
Whereas, By the act entitled IAN
act to strngthen the public credit,
approved March eighteenth, eighteen
hundred and sixty nine, it was pro
vided and declared that the faith OF
the United States was thereby solemn
ly pledged TO the payment in coin, or
it's equivilant, of all the interest-5ear
ing obligations of the United States,
except in casses where the law author.
izinS the issue of such obligations
had expressly provided that the same
might be paid in lawful money or
other currency than gold and silver ;
and
Whereas, All the bonds of the
United States authorized to be issued
by the act entitled ''An act to author
lied the refunding of the national
debt, approved July fourteenth, eigh.
teen hundred and seventy, by the
terms of said act were declared to be
Iede enable in the coin of the the
present standing value, bearing inter
est payable semi-annually III such
coin; and
"Whereas, All bonds of the Uni
ted States authorized to be issued
under the act entitled AN act to pro
vide for the resumption of specie
payments approved January IL, 1875
are required to be OF the description
OF bonds of the United States describ-
cd in the said act of Congress approx
ed July II, 1870, eniitle,i An act TO
authoriza the refun,hng OF The nation
al debt; and
'Whereas, at the date of the pass
age of sad act Of Congress last afore-
SAID, to-wit, the 14th day Of July,
1870, the coin of the United States
of standard value of that date includ
ed silver dollars of the weight of
1l24 grains each, declared 10y the
act approved January IS, 1887, ELI
titled An act supplementary to the
act entitled AN act establishing a
mint and regulating the coins of the
United States to be legal tender
of payments, recording their nomi
nal value, for any sums whatever;
therefore
Resolved, BY the Senate-the
House of Representatives concurring
there;n-that all the bonds of the
United States issued, or authorized
to be issued under said acts OF Con.
gress hereinbefore recited, are pay.
able, principle and interest, at the
option of the Government of the Uni.
ted States, in silver dollars, of the
coinage of the United States, con
tanning 4l21 grains each of standard
silver, and that to restore to it's coin
age snch silver coins as legal ten
der IN payment of said bonds, prin-
clpal and interest, is not in violation
of the public faith, nor in derogation
of the rights of the public creditor. -
This resolution was never recinded
and is still in force. Every bon1 is
sued since then has been issued nh
der the act which makes bonds re-
deemable in coin, either OF gold or
silver, of the staI Tar value of July
IA 1870, date three years prior to
VIZ Vi hllNcTs NHOn
that date to this, every purchaser of
the United States bond not only has
notice. printed upon this bond, that
he can not decide for himself wheth.
er 1t shall be paid in gold or in silver,
but that he will receive whichever is
most convenient for the Government
In addition to the notice printed up
on his bond, every bondholder has
had the fore9 going preamble and res
olution of Congress to teach him how
false and fraudulent are the promises
made to him in newspapers and by
Presidents and Secretaries of the
| Treasury that he shall be paid in gold.
This notice has been standing for
' eighteen years. No monometalist
has dared to offer q resolution to re
cind it. Mr.. Cleveland and the Nor
| i