| Show EASY TO SEE Gold pays all sorts of debts large or small It is sought to make silver equal to the payment of all debts up to five or ten dollars Does that fact not make silver a subsidiary money Is it with such a provision a money the full equal of gold If so we are one of those whose blindness is so dense that for the life of us we cant see it jij I The foregoing is clipped from a country contemporary The trouble with it is that it is based on a false assumption There is no such proposition proposi-tion as that suggested Silver is now equal to the payment of all debts to any amount unless there is a special contract to the contrary The five dollar legal tender limit was a feature of the demonetizing act of 1873 The Act of iSIS restored the legal tender quality of the silver dollar for all dues and demands public and private pri-vate except where otherwise expressly stipulated in the contract That provision pro-vision was retained in the Sherman Act of 1890 And it was not repealed by the abolition of the purchase clause in 1S93 It is the law today It is money fully equal to gold with the sole exception mentioned The I validity of contracts must not ba Im I paired If a stipulation is expressly made for payment of a debt in beets or wheat or pork the contract must be fulfilled If payment is > agreed to be made in gold silver money will not fill the bill If our contemporary will tear away from its vision the imaginary five dollar dol-lar provision which has h ad no real existence for seventeen years he will be able to see the simple proposition that silver is money equal to gold in this country for all money purposes except in payment of a debt contracted to be liquidated in something else But there are none so blind as those who will not see We do not intend that however for the paper from which we clip the above quotation though it may apply in another direction |
