Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890Jones, John P. (John Percival)
History
Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890
Jones, John P. (John Percival)
Silver question -- Speeches in Congress
The silver miners, Mr. President, need no defense here or elsewhere.
They have asked no favors from the Government, and ask none now. They
are bold, adventurous, and self-reliant men, who have wandered across
alkaline deserts, and over pathless mountains, braved the assaults of
hostile savages, the miasma of the Isthmus and the storms of the Cape,
and have planted the flag of a high civilization on the western confines
of this Republic. No more patriotic or public-spirited class of citizens
can be found within the borders of the Union. Their business is an
honorable one. When they entered upon it they, in common with other
citizens, had the warrant of time, and the authority of all writers and
thinkers on political economy, for the belief that silver was, and would
ever be, a money metal, entitled to that full credit which from time
immemorial had been accorded to it. Silver, equally with gold, had been
consecrated by all the ages to the money use, and was dedicated to such
use by the Constitution of the United States.
When the Constitution declared that Congress should have power "to coin
money and regulate the value thereof" and that "no State shall * * *
make anything but gold and silver coin a tender in payment of debts," it
warranted the belief on the part of all who adopted the calling and
undertook the business of mining, that gold and silver would continue
to be money metals in the sense in which they had been for thousands of
years in the past. The silver miners were warranted in presuming that
when the Constitution esteemed so highly the legal-tender function in
the two metals, gold and silver, as that it prohibited the States from
making anything a legal tender except coin of those two metals, it would
not warrant the Congress of the United States in taking from one of
those metals the power of legal tender and conferring that imperial
function exclusively on the other. Silver mining is a business requiring
for its successful prosecution skill, experience, and energy, while
nine-tenths of the gold of the world has come from placers; requiring
neither organization, capital, nor skilled labor.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account