rom the dollar of the law
and the contract.
Of this outrageous fraud we will have no more. We spew it out of our
mouths. We spit on the proposition, under whatever garb it comes, to
compel the debtors of this nation to discharge their obligations in a
dollar differing from the dollar of the law and the contract. We do not
propose to "supplement" gold money with silver money--meaning the
subordination of the silver to the gold. We do not propose to
"supplement" silver money with gold money--meaning that the gold shall
be absolute and the silver only token. There is no "supplement" about
it. It is a simple proposition to have our money _in two kinds_, and not
in one kind. It is like laying a foundation of stone and brick. The
stone is not more dependent on the brick than the brick is dependent on
the stone. They are both built into one abutment; they both contribute
alike to its solidity and magnitude; they both enter into its
composition and are part of its structure; and they both shall stay
there, gentlemen of the gold craft, in spite of your efforts to take one
constituent part of the abutment away!
I now come to the next essential division of Mr. Lepper's article. I
call particular attention to what he proposes. He says:
"In order to make my plan as clear as possible, I shall run the risk of
seeming elementary by running through, step by step, a typical
transaction under it: Let us fancy that the reader, bearing a nugget of
gold in his left hand and another of silver in his right, and desiring
to convert them into money, repairs to the Philadelphia mint. He applies
there to the proper clerk, who, for simplicity's sake, we will suppose
performs all the operations. The clerk weighs and assays the two pieces
of metal, and finds the gold one to contain 25,800 grains of standard
gold, worth precisely $1,000, which are counted out in bills. A similar
operation reveals that the lump of silver weighs 35,500 grains, but the
clerk is observed to consult a table before saying: 'The market
equivalent of a gold dollar is to-day 710 grains; consequently your
35,500 grains are worth $50;' and he then proceeds to count out the
money in bills precisely like those given in payment for the gold. Upon
examining these at his leisure, the reader discovers imprinted thereon a
contract running as follows: 'This note entitles the bearer on demand to
[the denomination of the bill] dollars in gold or to the market
equivalent thereof in s
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