The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-05-19

OOAVCsAA4S SONOH 0AS OAO hAA
grains more metal than does the
S andard" Silver Dollar, and both are
of the same quality. Both of these
coins we're issued by the U lised States,
and each is plainly stamped Dollar"
Aud yet, by vile and fraudulent legis,
lation of Congress the lighter Stand
ard" DJllar is a legal tender for its face
value, and used every day in business
TRANSACTIONS in the payment of debts,
dollar for dollar; but the legal tender
property being taken out Of the
heavier Trade Dollar, in which there
ls more metal than there is in the
Standard DJllar," tho Trade Dol
lar" on that account, has become an
article of merchandise only, ard may
be bought for about fifty cents Oh the
dollar. l have some Of these Trade
Dollars" myself, which l bought from
a bank not long ago for fly cents
each. Here then, is & plain object les.
eon which it seems to me the most
stupid mind might understand, and
see that as to money metals, the law
can elevate O depres9 prices and val
ues. My point is, that the time has
come, if ever, for the States, each act
ing for Itself, to exercise the above
Constitutional reserved power Of MAX
ing ali silver coin Of the United States,
Qncludlng Trade DJll4rs'O g. legal
tender in the payment Of debts. Let
North Carolina, n Of the old original
thirteen States, take the initiative on
this subj set, and l would be glad to
see the Peoples party put a plank III
its State platform upon this subject.
1t no O.her State will follow us, let US
draw to the money circulation of our
State the The Dollars nov held in
our own and other States, and at least
put that much more United States sill
e money already coined, in circula-
Cion, 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 ($35. $685.
92D thirty five millions, nine hundred
and sixty five thousand nine hundred
and twenty four, Of which there were
redeemed under the act of March 81,
1887, s.. $50 036. There have been de,
posted and purchased as bullion at the
MINIS 1914. 757, making the total num-
Dor OF Trade Dollars redeemed and pur
chased as bullion IS, 633 1913. leaving
STILL OUTS -ANDING III, 332 1871 twenty
seven millions, three hundred and
thirty two thousand, one hundred and
thirty one Trade Dollars.
In good old days, more than fifty
yea sago, when John Tyler was Pcesi
dt,at Of the United States, aud before
the days Of Grover Cleveland, the Con
grtss of the United States passed an
act which President Tyler approved,
regulating the currency of foreign gold
and silver coin in the United States.
This was i'll the days when the United
States was in truth and in fact, an in
dependent nation, and before the lat
ter days when our go called statesmen
were wont to speak of ''internationa!
ratio" international agreement" ard
all that kind of international nonsense,
and information treachery to subvert
the liberties Of the American people,
quote below the act in full, and it is in
teresting to note by it foreign gold was
made receivable by WEIGHT" and
foreign silver coin of Mexico, Peru,
Bolivia and Spain were receivable by
TALE" that is, by number or count,
at their faca value as Dollars" or
"One hundred cents"
AN ACT REGULATING THE CURRENCY OF
FOREIGN GOLD n ILVER COINS IN
h UNITED STATES,
THAT from and after the passage OF
this act, the following gold coins shall
pass current as money within the
United States, and be receivable by
! weight, for the payment OF all debts
and demands, at the rates following,
that is to say the gold coins of Great
Britain, Of not less than nine hundred
and fifteen and a half thousandths IN
tinenees at ninety four cents and six
tenths OF a cent per pennyweight; and
the gold coins Of France, if not less
than eight hundred and ninety nine
thoueandths in ~inenes', at ninety two
cents and nine teuths Of a cent per
penny weight.
SEC 2 That from and after the pas
sage of this act, the following silver
coins shall pass current as money with
in the United States, and be receivable
by tale, for the payment of ali debts