Show JEr FERSON AND HAMILTON A paper was rece recently antly read before a literary society at peoria by a mr J S Dur torl upon the the lile life of Jef lerson which contained these points on a question of vital interest at the present time jefferson was a true bimetallist and a practical one in 1790 1791 he be urged congress to establish a a mint I 1 as plated by ho legislation I 1 of 1785 secretaries Jc jefferson fferson and i I 1 hamilton the latter also a bimetallist I 1 jointly arranged the ratio of silver and gold prior to the adoption rift of the he constitution the spanish milled OT or pillar dollar was in gen rl pral use some of thee were weighed and they were found to conla contain in 1 grain of pure silver arid aid so PO the american dollar was made to contain a co responding corresponding r weight of eilor eil or dv cy act of congress I 1 of aprill 2 1792 the silver dollar containing grains of pure dilver and 43 31 grains of copper was mide the tha standard or unit of value and a j biece bece of stand aid gold containing 27 grains was made the value of a dollar and as the piece of gold was one fifteenth the height of the silver filver in the he dollar the ratio of fifteen to one was thus established and the con construe tive five genius of jefferson was recognized d and approved appi oved by alexaner Alex alexander aZer hamilton arid and the federalist party rf of which he was the head in support of jeffersons plan the confidential aid friend and ad alviter aifer of our first president ident secretary hamilton in a communication to congress gress on oil january 28 1792 said upon the whole it seems seema to me most mont advie advisable able not to attach the v unit nit exclusively to either of the metals because this cannot he be done without destroying the office an and d character of one of them as money 7 and reducing it to mere merchandise to annul either of the metals as money is to abrica abridge e the quantity of the circulating medium an and d is is liable to all tho the objections wh which ich arise from the com comparison pariso 0 of benefits benefit s of a full with the evils of a scanty canty circulation by assisting in providing th the 0 people with a bimetallic currency and by the issue of small bonds which could bo be used as aa money by our home people hamilton as daniel webster saul said smote the rock of the national resources and nd abundant streams of revenue gushed forth ile he touched the dead corpse of public credit and it sprang upon its feet |