The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1896-09-05
)LFAx GRANT PARISH LA. SATURDAY. SEPTEMBER 1896.


Stewart in 1874 ana 1910.
Mr.. Geo. M. Coffin, deputy comp
troller of the currency, has made a
careful examination of the record
that deals with the so-called de-
monetization Of silver in 1873,
which Senator Stewart, OF Nevada,
in every speech of late years, has
been denouncing as "the crime OF
1873" Mr. Coffin says: "The sill
yer interests are DOW very bitter In |
the denunciation Of the legislation
which they call the "crime OF 1873.
The truth about the matter Is that
the bill which resulted in the sus-
pension of free silver coinage was
introduced in the United States
senate in 1870, and after being dis
cussed there for two days, was
passed in January, 1871, by vote
of Sc yeas to IA nays. In March,
1871, it was introduced IN the
house of representatives, reported
| from the committee on coinage in
January, 1872, and passed, after
discussion by the house, in May,
1872, by a vote of ITO yeas to IL
navs. In January, 1873, the meas
ure with amendments, was brought
, no again in both houses OF Con-
gress, discussed, passed in both,
and after conference between
| them, became law in February,
r 1873. The bill was printed thir-
teen times, by order of Congress,
: considered in committee aud de-
1 | bated in open session of Congress
{ during four years, the debates in
! the Senate occupying sixty-six col
a umns. and those in the House sew
/ enty-eight columns in the Congress
e s;onal Globe. Senator William
: M. Stewart, of Nevada, who was IL
& the United States Senate when thu
e bin was passed in February, 1873
IT voted for it, and about a year aftel
s. wards. on February IL, 1874, mad,
Is a speech in the Senate, which
ID quote, as follows, from the Con
al gressional Record:
Of "Let everybody know what .
to dollar is worth, the farmer wi
of then know how to measure the dill
at ference in price between his whei
re in Illinois and the wheat in Liver
|r- pool. The wheat will be measure
by the same standard gold
Tll;no;e as II il in Liverpool, an
auy man can figure it up. b.
now it is a mystery. The who
subject of finance is I mystery, an
YER what do we see eviry day? "
sh see those who devoIe their s,ttel
te- ton to it making large. fortuna
ed ont of this mystery. Lee US do
be all the peoples of the world ha'
Ills been doing from the beginning
S. measure our values by gold. Ado
res the standard that all can unde
err stand, and get rid of this mystery
md Mr.. What does the Sc
in ator want?
Ike Mr.. Stewart-I want the sta
lis. dard gold, and no paper money y
it redeemable in gold; no paper INC
gin ey the value of which is not asc'
! Of tanned; no paper money that y
as organize gold board to specul'
.rtY in it. Who pays for this g
me. board? Who pays these INNER
49, fortunes? How is it that miilit
fact and millions can be rolled up
lore nually there? Did anybody e
and calculate who paid for it? It COZ
Their out of producers. How do tn
nall men exist? By the latitude VIII
co. your deprecated currency gives
s in speculation. and nothing else. /
d at sons who are specializing in y
600. deprecated currency are max
with the money, and they will cont
'om- to do so as long as you have q
yard preciated currency. 1.-THE taru
the would get rich, they have go
IT'S. become skilled in this Huctua
I'd 6, currency, and make corners
and and manipulate the market, al
!. they do that they cannot farm.
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