Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1896-09-22

lng with With the mai rity L then
went to q Demo cratic House, and
that body on the 25th.of
January BY q majority of two to
one. .s asz * .5sss - 5is s: .Z5s ..==.
"Wh ereas, By the act entitled
an act to strengthen the public
credit approved March 16, 1859,
it was provided and declared that
the faith of the United States was
thereby solemnly pledged to the
payment in coin, or its equivalent,
Of all the interest bearing obliga-
tons of the United States, except
in cases where the authorizing
the issue Of such obligations had
expressly provided that the same
might be paid in lawful money or
other currency than gold or sill
yer; and
s'Whereas, All the bonds of the
United States authorized to be is
sued by the act entitled An act
to authorize the refunding of the
national debt approved July IA,
1870, by the terms of said act
were declared to be redeemable
in the coin of the then present
standard value, bearing interest
payable semi-annually in such
coin; and
"Whereas, All bonds of the
United States authorized to be
issued under the act entitled An
act to provide for the resumption
OF specie payments approved
January Il, 1875, are required to
be Of the description Of bonds of
the United States described in
the said act of congress approved
July 18th, 1870. entitled AN act
to authorize the refunding of the
national debt: and
whereas, At the date of the
passage of said act of congress
last aforesaid, to-wit, the 18th
day of July, 1870, the coins of
the United States of Estandard
value of that date included silver
dollars of the weight of 4124
grains each, declared by the act
approved January IS. 1867, EMIT.
led, 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, according te
their nominal value, for any sums
whatever; therefore
Resolved by the senate-the
house of representatives concur
ring therein-that all of the bonds
of the United States issued, OF
authorized to be issued under
said act Of congress hereinbefore
recited, are payable, principa
and interest, at the option Of the
government Of the United States
in silver dollars, of the coinage o:
the United States, containing
4123 grains each of standard sill
yer, and that to restore to it:
coinage such silver coins as (
legal tender payment of sale
bonds, principal and interest, il
not in violation of the public faith
nor in derogation of the rights O.
the public CREDITOR
Who was Stanley Matthews
Some younger men may ask
Stanley Matthews was a cousin
of President Hayes; was, at this
time, Senator from Ohio, and was
in close touch with the leaders O.
the party, and as well qualified as
any to- voice the sentiments anc
policy of the party, as is evl
denced by the majority which his
resolutions received For this
and other services to his party
Garfield after wards made him
Chief Justice of the United
States. - ;:
At,the date at which these were
passed silver was still demone'
tized and had already started on
it's downward course, a dollar be.
ing worth 81 cents-its demone.
tization in''73 having been dis.
covered the year before. .~... >:
By this pream bic and. resolu-
.tion both Of the great parties
served notice on the creditors of
the government that in issuing
coin bonds the nation had re-