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feS? ffl rrr4Y f irS fKh (fit SEQU ACHEE, TENN., THURSDAY, ' AUGUST 27, 1896. NO. 8 VOL. 4, (: an. V MR. BLAINE ON SILVEIl Published by request. On Feb. 7, 1878, Jas. G. Blaine delivered a speech in the U. S. Sen ate on a bill tnen pending to author ize .the free coinage of tho standard silver dollar and make it a legi-1 ten der. We regret that the speech is so loot? we cannot publitsh it in full.,1 Hero are some extracts, however, which make interesting reading: States the most stable basis for its currency that we have ever enjoyed and will effectually aid in solving all ot" the problems by which our fi nancial situation is surrounded. "On the much-vexed question of a bi-metallic standard, my own views arc sufiiciently indicated in the re marks 1 have made. I believe the struggle now going on in this couu trv. and in other countries, would, if i successful, produce disaster in tho enu inroucriioui inc commviciiu uim, which make interesting reading: Tfa de8treuct;011 of 8llver as money, I believe gold and silver - coin to aud the osUblisiiment of gold as the be the money of the Constitution- of y al lst Imve a ruin: nideed, the money o the American effect ftU of operty ru-onle anterior to ihe Constitution,! .t ,aa neoule anterior to ihe Constitution, money which the organic law of the republic recognized as mdependant of its own existence. No power was conferred on Congress to declare that either metal should not be money. Congress has, therefore, in my mind no more power to demonetize gold; excel t those investments which yield a fixed return in money. These would be enormously enhanced 'iu value, and would gain a dispropor tionate, and therefore unfair advan tage over every other species of prop nvt.v. Tf. as the most reliable statis- tetize gold; ; . ffi n navlv &7.000. no more power to demonetize either j 000 000 of coin or uunion i the than to demonetise both. Iu this worlJ unequally divided be statement I am but repeating the tween gold and silver, it is impossible weighty dictum of the first ot con- tQ gilyer QUt of existence as stitutional lawyers. 'I am certainly withoat results which will ot the opinion, said Mr. w euster, i pr0Ve clisastrous to millions, a that gold and silver at fixed rates by , J, dUastroua t0 tcns of tho Congress, constitute the legal stand-1 A,Yniu1pl. Homiiton declared ard of value in the country, aud that . l 1 : I nii, . - .... Ktauiisu any uniet , iQ annul th(J use of dther gold or epose this standard, i gilver as m is t0 alri(lge the can be found, 1 ap-1 Quantitv 0f-cirCulatin: medium, and II m.imtom I hot I iin. I .... - - . i . i is liable to ail the objections which and ut- usands. Alexander Hamilton declared in his 17m neither Congress nor any btate has ; . , nctahlishmert of a mint that t . 11" 1 At. authority to estaunsu any Btaudard or to de ,,T - . r ew p sous can ue wuuu, x T- , utit prehend, wlio will maintain that Con-1 yvlUQ gress possess the power to demone- from a compariso.i of . the coils tize both gold and silver, or tM.o4scintycirCniation.' I take no Congress could be justified in pro- rUks in g -n that tho benetits of a hibiting the coinage of both; and yet fuU circulationj and the evils of a in logic and legal construction it gc escalation are both imrneas- would be difficult to show where uraWy greater t0-day than they were and why the power of Congress is when Mr IIamiiton uttered these greater than over gold eater over . , word alw pr0vided that enuBruiauuyei;u. "v"v,r the circulation is one ot actual mon- ey and not ot depreciated 'promises ciiirnr ka hppti ciomonetizcd. 1 am in Dl VI -.s 7 favor of remonetizing it. If its coin tavor ot remoneuzing n. 11 us cum- , -age has been prohibited, I am in fav- J r or of ordering it to be resumed. If ! .irf. j nn( eport from which I have 1 I already quoted. Mr. Hamilton argues or ! at length in favor of a double stand ard, and all tho subsequent experi nn opxvm- statement of the case, or it has been restricted, I am in of ordering it to be enlarged a . , The responsibility ot re-estab- , ence of ninetv rg has br0uglit out liMhinrv in its ancient and honorable ; , .., f flo rnA Cr O . . i I1U UltJcll CI BWlcuigiiv u"v v"., place as. money in Europe and Amer- develoDed a raore complete compre- lca devolves really upon tho Congress f thi mhl and difiicult of the United States. If we act here ftub- Qn the whole," says Mr. with wisdom and firmness, we shall , TTam:lton :t seera3 ra09t advisable not only successfully remonetize s-!notto attach the unit exclusively to ver, and bring it into general use asjeitlier 0f the metals, because this money in our own country, but thei tl d e effectually without influence ot our example will oe po-, destr0Yin the office and character of . w it' tential among European nations. In- deed, our annual indebtment to is so great that if we have the riht to nav it in silver, we necessari ly coerce those nations by the stroug- af rsf a tnri'os). kp t.interest. to ai one of them as money, and reducing it to the situation ot mere mercnan disft." Mr -Hamilton .wisely con eludes that thia reduction of either of the metals to mere merchandise (I a- tl I - 1 i. .1 intmlld tow i gain quote nis exact wwus; -vyuum us in upholding the value of silver m b bl be a neater evil than oc- money. But if we attempt the re- , ..:.,:.; the unit from monetization on a basis which is ob-1 the fluctuations in the relative value viouslv below the fair standard of f m . flnPp;allv if cara be value as it now exists, we incur all; , t u t tl proportion be- the evil consequences ot failure at tWeeu them, with an eye to their av bome, and the certainty of successtul erage commerciai value.' I do not onnoaition abroad. "Vc are, and . . . . holding so ehallbe, the greatest producers of proportion of tli3 world's di vor in TUP. W HI aUU WJ iiav we nave a c,,vi ;n ;ti inniihit.iins and larger stake in its complete monetiza- i . afford tQ reduce the tion than any other country. 1 lie ; mctal tQ the tsituation 0 mere difference to the United Mates, oe ffniiornl acceptance and Lnu t-,--' i used as money. It is for us to check that tendency and bring the conti nent of Europe back to the full rec ognition of the value of the metal as a medium of exchange. . '-When we pledged the nublic 1 o . credit in 1870 that our obligations should be paid in the standard com coin of that daU, silver bullion was worth in the London market a fract ion over 00 pence per ounce; its av erage for the past six months has been about 54 pence, the price reck oned in trold iu both cases. 13ut the f large different is due in part to the rise ot gold us well as to the iau in esilver. .Allowing for both causes and dividing tne difference, it will be found, in the judgement of many of the wisest men in this country,- per fectly sate to issue a dollar, of 425 grains standard silver: and one that anticipating the full and legitimate influence ot remonetization, will e quate itself with the gold dollar, and effectually guard against the drain of our gold during the time necessary for international conference in regard to the general re-establishment of 1 silver as money. When that general i lit i rt . re-establishment shall be eiiected with a coinage of fewer grains, the dollar which I am now advocating will not cause loss or embarrassment o anvone. The miner of the ore, the owner of the bullion, the holder of the coin, and the Government hat issues it, will all in turn be ben efited. It will yield a profit on re coinage and will be advantageously employed in our commercial relations with foreign countries. Meanwhile it will ensure to our laborer's at homo a full dollar's pay for a dollar's worth of work. '1 think we owe this to the Amer ican laborer. Ever since we demon etized the old dollar wo have been running our mints at full speed, coin ing a new silver dollar for the use of the Chinese coolv and the Indian pa riaha dollar containing 420 grains of standard silver, with its superiori ty over our ancient dollar ostenta tiously engraved on its reverse side. To these outside barbarians we send this superior dollar, bearing all our national emblems, our patriotic aevi ces. our p'ous inscriptions, our god . . A i . - dess of liberty, our dehant cagie, our trust in God. This dollar contains 1 grains more silver than the famous 'dollar of our fathers' proposed to be reeoined bv the pending bill, and niose than four times as many of these nuw dollars have already been coined as ever were coined of all the other silver dollars iu tho United States. Tn the exceptional and abnormal con ditinn of the silver market now ex- istimr throughout the world we have felt impelled to increase the weight of the dollar with which we carry on trade with the heathen nations of A sin. Shall we do less for the Am erican laborer at home? Nay, shall we not do a little better and a little more for those of our blood and our own fireside? bullion, assayed and mint stamped, may be deposited with the Assistant Treasury at New York, for which coin certificates may be issued, the same in denomination as United t.itn nntp. tint below $10. and that III VV'J ' 1 ( these shall bo redeemable upon de- mand in coin or bullion. 'AVe shall thus secure a paper cir culation based on on actual deposite nf nvecious metal, giving us notes as valuable as the Dank of England and doing away with the dreaded incon venience of silver on account of bulk and weight. Ve need both gold and silver, and we can have both only by mak-' . . 1 . t A. ing each the equal ot the other. n would not be difiicult to show that, in the nations where both have been fully recognized an I most widely dif fused, the steadiest and most contin uous prosperity has been enjoyed that true form of prosperity which ... , . , , reaches all classes, but which oegins with the day laborer, whose toil lays the foundation of the whole super- .... -m m- 1 1 T V structure of wealth." Maysvuie, ivy Bulletin. LOCAL-. Job printing, job printing, and the neatest of job printing dono here. The welcome rain came on Sun day "evening and did much good. Wanted twenty acres of land set out in grapes, on the mountain this fall . The absence of music in connect ion with "Better than Gold" was generally regretted. I Monday was the opening day of Chancery Court at Jasper and about all Sequachee went, Prof. McElroy, of the colored school, reports attendance 15, about 75 per cent, of the school population. We must have that mountain road. It would be of incalulable benefit to this town in more ways than one. ve must nave it. We hear that the Uoberson family are about to move to Texas, for this we are sorry. They are nice people and we hate to lose them. Institute Program. Whitwell, Sept. 11, 7:30 P, M. 1. Song. ... 2 Oration W. JF. Smith Q tlpp.itat.inn. ...... Mias Kate Lewis V AVVNAVWKWV..- - - - 4. " Miss Lucy Thompson 5. Debate. Question, Kesolved that, the teacher's Dosition is more useful and responsible than the ministers. Affirmative. .Negative. G. S- Brown Keiley M: L. Harris Frank Hudson D.A.Tate H. E.Tate. mer chandise.' If silver ceases to be ,....1 ., ..-i-lnT In Ti'lllVmo 5111(1 AlTlPr- r-i . .. h.-vjh a." mum. y n j v i . the general destruction ot silver ns j the mines 0f the Pacific Slope iuonf y in the commercial worm, - ui w- ,:n l . nn.l Inul Mining on. possibly within the next halt century t ises ot tho gigantic scale existing equal the entire uonucu ucuw v. Jn country cannot be carried on to provide backs for mirrors and to manufacture cream pitchers and su gar bowls' A source of incalculable wealth to this country is destroyed the moment silver is permanently dis- nntinn. But. to gain the advantage, we must make it actual money, the accepted equal of gold in the markets of tho world. Kemonttization here, followed by general remonetization in Europe, will tcurc to the United The bill which I now offer as a substiiute for the House bill contains tlirpp. vol V simnle provisions: t. That the dollar shall contain jo.i rrrnim of standard silver, shall luve unlimited coinage and be an un limited legal tender, 2. That all the profits of the coinage shall go to the Government and not to the operator in silver bul lion. '3. That silver dollars or silver SATURDAYjfcOO a. m. 1, Devotional exercises E. A. Asburn. 2. How to raise the standard o! teaching.., H. E. Tate. 3. As the teacher so is the school, ! , Miss Ilhoda Hoge. 4. How to prevent the use ot Hlanir E. A. Ashburn. 5. How to get parents to take t i i proper interest in tne cniiaren .. JUiss Kama iiauision. 6. Games and amusements Miss Minnie Ketner. Noon. 121.30 7. How to give teachers thorough professional training uranK nuason, 8. Singing in school . : : Miss Birdie Raulston. 9. How to nromote promptness in -v n mi . . students V. 1. laie. 10. The teacher and community. Miss Janie t rancis. Sarah Abies, ) M. L Harris Com. Geo. S. Brown ) Universaiis't" Meeting. In response to an invitation Mr. J. T. Bvrum who has lately moved ! til to Sequachee with ms tamuy, neia a service at the school nouse aun day night; The house was well filled and his exposition of the creed of the Univeri?a!ist8 was list ened to with attention and respect. Mr. Byrum is a quiet, unassuming man and does not like to press bis ideas upon any one but if a genera al desire is evidenced ne may De heard from again. The eclipse of the moon came on time Saturday and the shadow on the moon was round against the la test theoTy that the earth is square. More ground set out in grapes is wanted. We would like to see twenty acres cleared up and Bet out in the best paying crop that has ever been known in this" section. Mr. McCurrv who,is teaching the public school at Brownsville Was in towrn Saturday, tie reports a good, school of between 45 and fifty schol- ars and says they are doing wen. There will an annual meeting of the stockholders of the Manufactur ing Co., at the Marion House, Sep tember 2, to elect officers for ensu ing year and transact such business as may occur. Bridgeport has started up a broom factory in the Sweeny block under W. A. Hall. The output is limited to ten dozens a day but arrangements I..; ,1 i : ii. i,.,: are ueing maue iu luuiuasu n ax uubi- ness demands. Mr. A, Shadoin's son has had a severe attack of fever from which he is recovering. Mr- Wm. Owen who has been sick is otttcr. Mr. McGlll, of Kimball, paid us a pleasant call on Sunday. We made his acquaintance a year ago under peculiar ciroumstances, when he kindly led the singing at the burial of a Grand Army Comrade. A vouuer lady is our authority that Mr. H. E. Tate Saturday even ing took particular pains to select the prettiest girls to partake ot ice cream with him. As there are none in. Se quachee other than pretty, how's this? Sour grapes, Tom. The past month has given ua a high er appreciation of the climate of this section than ever before, for although the days have been hot, yet the nights have been delightfully cool and when we read of the suflerincra of the people from tho heat night and day we feci we have something to be thankful for. The beautiful aroma of decaying jbeef now pervade the atmosptere of 1 our town. Several cattle have died (recently out on the side of the moun i .... . . tain and ye night winds that softly blow bring us faint but characteristic intelligence of what is going on. Burn up those carcases. Invest in a quart of kerosene at 5 cents and eave doctors' bills amounting to f 50 or even more.