Show A SIIAKn AUGUM1 lion JaracH H Jones of Icxm member mem-ber of tho House of tteprcsonlntUM in February last iklucrcil n speech on the door of the House In favor of Honest money consisting of gold uml silver anti papor conveltlb into coin on demand The doctrine hornunditcd oxprcws tho sentiments undouhtedl of a huge mi jority of Ppmocrnls in nil sections of the colic try but especially at tho South and West Ho recognizeH tho fact that tho html and conclusive HcttloniLtit of tho silvor question In iccordanco with tho uniform policy of our government until 1873 IA tho lending nnd pressing qnestiot of the hour Let m ho saj H Keiolvo to settlo this question ns the oonstitaenoloi wo represent may dosiro C Ace the bondholders of Luropo and their nlllca in the United Htnlos who aro the holders of tho bonds of tho United btntc and of tho btntos tho national bunkers tho gold kings and tho lenders of 1I10neynro these our constituents or do wo ropreaen nil the people the rich and the poor thos living 1 luxuriously and laborers in tho Holds 1 nrf d in ralnoi In shops producers and con snmors He insistfl that tho demand for a HUH pension of silver lo I1I110 and for the demonoti7ittlou of silver comes from the bondhol ling editor class It is claimed that nt England nnddti many have adopted tho single gold standard It line so lessened tho nluo or silver that the attempt to coin It and into it ns money will drive the more mlnahle metal gold out of tho country or into ocelot hoarding places in thin country nnd thus out of ciiciilalioi the falsity of thm prediction is shown In the oflicnl report of the Director of the Mint on tho 24th of Felt ruarv 1880 which Billed that since the partial remoiiotuation of silver in 1878 the importation of gold Is greatly in ux cess of its exportation and the oxporti tion of silver has greatly exceeded the importation although the bondholders and bunkers predictcl tho contraij re milt From 1870 to 1885 inclusive tho tollli importations of told amounted to 288 018819 while tho exportation umountci only to 101540388 The total import tion of silver for tho same term of years was but 88397180 against 1514208 exported Mr Jones says ihero would not now be a silver dollar in tho atilts of the Treasury not repri sented by a certificate in circulation if the Secretary of the Treasury had not by an order issne < November 1st 1881 stopped the ox change of tho standard silver dollar or the certificate by tho Assistant Treasurer at New York foi gold coin or gold hu lion In December 1881 the Secretary or tho Treasury in his report says The Department has issued silver oorti oates nt tho snb treasury offices upon n de posit of cold coin in liko amount with the Asoistnnt treasurer nt Now York ntlll through this means certificates have been issued for nearly all tho silver hold by the Ireasury Thus silver certillcites worn used 10 purchiso gold coin dollar for dollar mild the amount of gold purchased with silver reached 30730500 In January 18S the fxchuie of silver certilleal for gold was stopjod lIy 1 > older of the t Ireasurer Among tho real financiers JC the lIation and tho world there is substintial agree ment as to tho necessity for the nan or it both fold and silver as monov In addressing the French Institute In 18G8 M WolonsU said Tim suppression of sliver would bring on n veritable revolution Gold would nugraeu in value with cone ant mind rapid progress which would break tho faith of contracts and nRRrnvnti tho eitnntionof nil debto including the nation It would add nt one stroke of tint pout nt least thrco milliards l to time twelve milliards of the public debt I Alexander Hamilton hays 1 lo nnnul the use of cither of tho metals ns money Is to abridge the quantity cir dilating medium and is liable to all tho objections ob-jections which nrise from n comparison of I the benefits of a full with the evils of n soanty circulation And that profound thmkci and statesman states-man Allen G Thurman at limo monetary conference hold at laris in 18S1 said I believe that motallisai will ultimately ulti-mately prevail for I can not BOO how the vast structure of credit the most diatin Kuishlng feature of modern industry l and commerce can be sipported on n gold basis alone With both metals its base has often t been found too narrow but with one It would be to my apprehension positively I unsafe We can not do justice to the many t strong points made by the author of this able speech Our readers would do well to send to Washington for copies and die I tribute where they will do the most good |