The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1897-07-16
IS PAYING OUT GOLD.
PRESIDENT M'kINLEY STULTl-
FlES HIMSELF EVERY DAY.
In 1878 He Voted for the Stanley
Matthews Resolution, but as the Tool
of Plutocracy He Ignores It's just
Provisions-Payable in Silver.

Whereas, BY the act entitled can
act to strengthen the public credit"
approved March Is, 1869, it was pro-
vided and declared that the faith of
the United States was thereby solemn
ly pledged to the payment, in coin or
its equivalent, of all the interest-bear-
ing obligations Of the United States,
except in cases where the law author
izing the issue of such obligations had
expressly provided that the same
might be paid in lawful money or 9TH
er currency than gold and silver; and,
Whereas, All the bonds of the
United States authorized to be issued
by the act entitled can act to author
ize the refunding of the national debt
approved July IA, 1870, by the terms of
said act we're declared to be redeem
able in coin of the then present stand
ard value, bearing interest payable
semi-annuaHy in such coin; and,
Whereas, All bonds of the United
States authorized to be issued under
the act entitled can act to provide for
the resumption of specie payments
approved July IA, 1875, are required to
be of the description of bonds Of the
United States described in the said act
of congress approved July IA, 1870, en-
ing of the national debit" and,
Whereas, At the date of the passage
of said act of congress last aforesaid,
to-wit, the 14th day of July. 1870, the
coin Of the United States of standard
value of that date included silver dol
lars of the weight of 412k grains each.
declared by the act approved January
10, 1887, entitled "An act supplement-
airy to the act entitled "An act estab-
fishing a mint and regulating the coins
of the United States" to be a legal
tender of payment according to their
nominal value for any sums whatever;
therefore,
Resolved by the Senate (the House
of Representatives concurring therein),
That all the bonds issued by the
United States, issued or authorized to
be issued under the said act of con-
gress hereinbefore recited, are payable,
principal and interest, at the option
of the government of the United States
In Silver dollars of the coinage of the
United States, containing 412k grains
each of standard silver; and that to
restore to it's coinage such silver coins
as a legal tender in payment of said
bonds, principal and interest, is not
in violation of the public faith nor in
derogation Of the rights of the public
Neutrality-suspicious. Record, Vol
m Z, part 1, F%orty-ffth Congress,
second session, page 564.
Among those in the senate recorded
in the affirmative on the passage of
the resolution will be found the names
of Allison, Cameron and Jones. The
senator from Missouri Mr. CockrelD
and the senator from Tennessee Mr.
Harris) were paired in favor of the
resolution.
In the house of representatives the
resolution was concurred in as a
whole, the preamble and the resolution
being voted upon at the same time, by
one vote. and the resolution and pre-
amble we're concurred in by the house
of representatives on the 2Sth of jan
uary, 1878, by a vote of 1879 to 70.
Among those voting for that resolu-
ton were William Mckinley, John G..
Carlisle. ex-Secretary of the Treasury
Roger @. Mills, William M. Springer
and ex-Secretary of the Treasury
Charles Foster of Ohio. There we have
the president of the United States and
ex-secretary Of the treasury declaring
that the obligations of the United
States are payable in silver coin.