Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1851-01-25
THE SILVER CURRENCY.

Ii is becoming more evident, every day,
metallic currency ofthis country. The Banks,
We believe, ali over the Union, are now pay
ing ont gold at their counters in preference
10 silver, as the latter is daily becoming
scarcer and cannot be purchased with gold
under premium Of - TO per cent. Gold
is thus becoming current throughout the
Union, and as an evidence of this fact we may
state that notwithstanding the large semi
monthly supplies of this metal from California,
the amount in the wants of the Banks does
not greatly increase; showing clearly that the
surplus must be i'll the packets and houses of
the people. We are glad OF this, because the
result will be the establishment of our paper
currency on a more enlarged metallic basis,
and tend TO the prevention of ruinous fluctua-
tons and changes What we want now is
the establishment by Congress Of Gold only
as the great legal standard Of the country for
large payments, and silver oI reduced value,
for snail payments and Tor change We have
heretofore noticed the impraClicability of ma
king two metals legal tender for the pay
ment of debts, on account Of the mpossiblliy
of preserving their relative values from iIuc-
tualon, in consequence Of tae greater produc-
tion of one metal over the other. NcCulloch
in his Commercial Dictionary states that '!ihe
value of the precious metals is liable to per-
pe,ual changes, and hence how accurately So
ever the proportial value as fixed by the
Mint regulations may correspond with the
proportion which they actually bear 10 each
other in the market, when the regulation is
made, the chances are ten 10 one that it will
speedily cease TO express their relation 10 each
other"
We have full evidence of the truth OF thi:
observation in the fact that the gold eagle
coined prior 10 the Act of Congress of 2sti
June, 1884, was worth, and would bring, II
GO-l00 collars in silver, and that the eolc
eagles made since that Act will now com
mand ONLY 8 7O-loO dollars in silver in th
market The result is that our silver coin
are now purchased daily in large quantitie
by The brokers, for the purpose of expectation
and all the community are laboriug unde
great Inconvenience in consequence of it,
This is beginning TO be felt all over the cour
try, for we are informed by the Cashiers
our Banks that their correspondents in a
qnaners are making daily inquiries wethe
they can accommodate them with silver coli
for change.-EU. Bulletin.
OFFICE UNDER GovERNMENT,-"CHsar, d
chile .gwiue 10 washingtown, 10 ply for oil
ob de guyment." "Wel, darkey, what yC
is trying to git of now, ell 'Spose you wa
to be bearer of patches to Liebeery! d
chile don't expaliate hisself from his 'doptC
native country No sahree! In de word (
de saTm toon, see,
Breeye dsre de soul 50 kill 50 dead
As nebber tohissef hab said
Dis my own my native aud
Ii such there breeye, go!
Garry him back to Old Vnginny'n
'No n-n-ow CRsar, who dose you alwa
dance or on de heel ob fancy? Dis CHI
nebbor tear hisself away from Uncle Sam,
Now dis is de ofis ply for and Use great
Aueuce wild Massa Daniel Webster's watt
50 guess get it. Ise gwine 10 ply for
post OF sexton in Pose Offs apartment ?''
eyes sab, berry de dead letters. Sometil
you hear Caesar, Ell! Sometime, dey b
money in 'em, and den rifle de corpse
You see, sab Yah yah! yah F"
AN EDIToR in the Western part of n
York is in a bad fix. He dunned a subs