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Show I EXPANSION I i .-OF I "PLAIN TRUTHS." I ii. I I "The present monetary laws arc ant lllifittnry to no one." I Our limits of ipnce will nnt permit I gi in quote thn laws In full, but we will I Biake citations from sonic of the more isnirtM au I The national hanking law rreates a I prltlli'K-'1' "''' vv',n 'toihorlly to lasue I cirreticy which circulate ntr money I ihfj nre not content with t h.-1 r prt-sont I prlvll'es hut ii ro dilimndliig more. I while a good many of the people tiro dmiinliiiR ihni liictr pnwois'und priv I Wtffi ahull bo circumscribed us strict I Ijn p'sllilo under i he law. AkhIo. l lii United Stales statute pro-I pro-I rliN that "upon demand (or tho tmlil-I tmlil-I er of iitty of tht ireaoury notes h'-reln m prorldeil lor) tin Heereiary if the in-na-I dry shall, under snob regulations as ho I tuav preserve, redeem Hitch rut ten In Mi Mord ViM'C'du at. IiW tlJ-oi i-tlon. It KkriBtho pHtitbllt.hed po Icy of the tin I Nftid S'titei to maintain tho iwn uieinU Vaparltv v.i h eneli (alter, upon tine priS at h-giil latin, or xuoli riitlo us BUJ ho provided hv law " In Thci, iiini'ist, thu entire deht of tjie Uiiitfl S ii'rs can ho paid in either poiiJ or si ver coin at the option ol the Client ttient. Mr. Cleveland Inaugurated war upon lllyer, Mtid Mr. McKinley and hl ml-ulnlatrntlm- are worthy aucoosaor- In Us prineciltion. Toqtiolo from the. rcrnrd, Mr. Clevo-lanrl.iupported Clevo-lanrl.iupported by Deni'cnulu inn J irlty lit Inn h In'U-es of Cotti'resa, piimed Hie filowloj law, "And It Is hereby drdiruil to n tho p iliijy uf tho U.ilied Sinter to cont hum the us of o'h gold lint si ver a 8ta id'trd money, and to Ha hoth gold u till rillver Into motley of eiUi! lniriuslc utul cxchuimeahlH Txltie, HUch equality to bu Mueutvd tDrmiuh liiicruiithinal agreement, or by such wtfettuards of legllmiiiii i.b Kill Insure thu uiilntcnance of the pally In vii 1 Hi of the coins of tho two nieials, and tho equal power of every dullitrat till utiles In thu markets mid lu the payment of dehis." The.-e provisions were literally Incorporated Incor-porated into tho platform upon which Lr, ftlcKlolewiiH elected. Unw these provisions h;voheeo car rlidoui by thu last two admioWtra-Umonu admioWtra-Umonu sii-c:illed Detuocr.iliu and the oilier Republican loi candid cltl-Kits cltl-Kits Judge and pronounce. Tim htitudurd silver dollar still re mains hy law a legil tender for nil dehtx, public and private, yet xoiuo of our eastuiu friends call It a llfiy-ceiit ildlLir. The United Slates law provides that llit" gieenlmiks hhnll bu ii legal tender kr all debts, public and pi Ivate except Ihe customs dues on Imports. This diillur when presented lu thu govern menl for payment cm bo legally paid In lids so-called fifty cent dollar, although tho creeobiek of llself has no lotrloslo-value whatover and wits declared uni'oiistltui.loii.il lu I8GI) hy ttn bupri'inu Court of tin United Suites, lliree Justices illsMintliig. In 1870, thu aiiiu court, live Judges to tour, pro D"Uiiecil the sauiii grcnu'ciclc constitu tional, although the const! uiloii lisell ih, "No slam btmll iiiuke anything a legal tender lu p lyment of debt except tliu gnld aiid'sllver coin of thu Untied Slates." '' ' ; " IVa Wnuld glvo other examples but these nre ihu lending, to .show ilia ld cnuj-rulty of our inoucurv laws itud lite c intr.iflety of inclr itdmuilst ration. Thu euntruciioulsw, popularly (.'ailed gcjil htus, havu jidmliiistcrud tho laws lu go nuu-sliled a maliuer as to advance their po.lcj' Very maioriaily,aud uibht think that by tru.it tug thu money ques lion Us ttutlli d, ullhough the existing laws do lint satisfy llieiu, they onto ilimtule themselves In power on other, ifMucjjihjs war record, perhaps, leaving leav-ing out nf sight and memory E iguu, Ihu eiubalmed beef, and thu c.luipsof fend zvoUri tn which thu volunteers tinted without food or supplies. Uelustiitetl In power, the administration adminis-tration could pursue u gold policy while walling for, and without waiting fur u corresponding revision, of the monetary luws and tlm couHllutlon. VTudu not think, however that this ollitiudunu. if the volco'of the" pen pis Is heard in thu great conventions, e belief it will cry, "Away with tuhtorftigVsI Lot us havu an open tight with thu Ustio squarely j dued." In like, manner the bluiuiullbt forces ntluht reason, "Thu existing laws and declared policy of our nation, while uot atlsfactory to us, are yet for gold and Hlvur iqunlly, and If wo can get tho "dtiilnlslrailon of thosu laws wo can Improve ihe conditions very materially, "bile laboring for thu eiiacimeut of a complete, tiiliiplu utid Imrinuntous ay tem nf national flunnco." S'ano misgivings, also, may hnvu In-XUA In-XUA the minds of tho leaders as to Whether tho frou and unlimited coin aR6 of sliver at Ifi to 1 1 an absoluto ni,vv2r to thu blmutnlllp problutu, taking them willing to talg on other l 1Ustlons while they probo this ono I 'UU amre deeply. Irhrfpeope nre still considering tho question and It must bo elucidated by' a pronounced policy. In out next wo shall begin to elucldato the system which werccorft'tuond, to show whether It'niuctB the situation. |
