Show MAT MAI 4 fencl 01 rai rl clity rry ITY Mani manifestly reedy the of alii parity cin can boniv I 1 bf anoni plis lied so n far as it is ia affected by I 1 these thebe tien sury note and 11 tile the of holders of tile aliu game by giving such boldeia holi bol leis deis on oil their coin whether gold or silver which they efer I 1 it t follows while in ill the terms of the law leaves the choich of coin to be paid on oil suii such redemption to the llie diz discretion of tile secretary of the treasury the alie exercise of this discretion 1 I tion if to the demands of alx holder is eilt hely inconsistent with tile effective beneficial maintenance of the parity between the two if both gold and silver are to serve as money and if t they hey together a aro re to supply to our people a 11 safe stable curi cu nency ency tile of preserving pre berving this parity is s obejo obvious us uch such a necessity ila liis been repeatedly conce eded i in n tile platforms of both political parties and andi in nour our federal statutes f itis it is now here more emphatically ic co bogni nied ted than if in tile accent law lav which ce repealed pealed the provision pio pi vision under willell alik h tile bullion now on it li 11 ind was purchased this law in ils upon the maintenance of the pat ity ill in va uc of the coins of the two to metals arid and tile equal power of every dollar at all times in the HIP markets and in the payment of debts 1 I lie i cere tary of the treasury has ha therefore for I 1 or the liest best of reasons reason not only complied eiith every demand mand for the redemption of these treasury notes is gold bu bui the present situation s as well as the letter and spirit of the law appear plainly to in justify if they do not enjoin upon him the conditions I 1 have endeavored at present may be thus summarized first the government lias has pur clia ell arid and now lias has no land hand ruf mf silver bullion to profit the coinage of all silver dollars necessary to redeem in such dollars the treasury notes issued for the purpose and aid enough n besides to col coin 11 as ai a gain or ig 1 additional sta standard edard silver dollars second there are outstanding im 0 and now in circulation treasury notes issued in the payment of bullion ill purchased amounting to aso SO these notes are legal to tender rider in the payment of all debts public and private except when otherwise expressly stipulated they are receivable for customs taxes and all public debts wh when n licud by bv banking associations they may be counted as ag part biart of their t lawful reserve and ar are redeemed by the 6 government fro verni nent in gold at the option of tile the holders bolder 4 these the advantageous attributes were deliberately attached to these thee notes at the time they were i sued issued they are fully understood by our people to whom sich s ich notes have been distributed as currency I 1 and have inspired confidence in their heir safety arid and value arid and have undoubtedly thus induced their continued and constant use as money moncy instead of anxiety for further furth their dr redemption |