Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1853-02-05
NATHANIEL ]. PALMER.

SILVER COINAGE. With the Baltimore Argus We
are surprised that Congress has taken action in
remedying evil, which easily be done. The
change most needed is the parts of dollar, and Con-
gress should at cnce provide the necessary change
out OF the precious metals combination OF them.
The boston Chronicle says:
cit is time that Congress should take some action
upon this subject. The demand for small change is
daily increasing, and it is almost impossible 10 carry
the operations of business for the want of silver
Let Congress give up for day only, all useless
discussion and devote its energies and experience
relieving the of the public in this respect and
it will do the country essential service. And let all
the people SaY-Amen w
The Providence Post concludes an article on the
influx of California gold, as follows:
I" What we have most to fear, and it is matter
that indeed needs public attention. is that this large
basis will give rss to expansions and speculations
in bank issues, the result of which is inevitably
Vulson. The necessity that before existed ii it
er did exist, of small currency, will exist
no longer. What have to fear, is not from gold,
therefore, but from the multiplication of paper, based
indeed upon this increase of the precious metals, but
still very much disproPoroned to it, and yet the
convenience of small notes is quite apparent, at a
moment when all bushes men suffering from the
scarcity of silver con although the actual tendency
of paper currency is to aggravde the evil il is sup
posed to remedy. 1t Is certain that the attention of
the government will have be turned to cuTTen
CIV very soon, and perhaps our silver recoined, SO
that by alloy it may be made to bear a proper
ton to the value of gold. And the sooner this is
done the better for its purity and consequent high
value, of course, tend to remove it more and more
from circulation"
Silver is a regular article of merchandise, and
as, according to Secretary Corwin's report, 14,2SS
of silver in Great Britain equal to 1898
ounces in the United States, the necessity of sems
change in the relative value of silver coinage is
manifest, to give to silver in this country such
additional value would prevent its export. This
point may be attended hereafter, but in the mean
time Congress should go to work and pass Senator
Hunters bill which, the Baltimore American says,
does not propose to fix at present relative value
between gold and silver, but seeks, by reduction in
the actual value of silver c.in, as expressed on
its face to render it no longer desirable arti-
Gle of export than gold. This would be done with
out debasing our coin, simply by diminishing the
quantity of silver in the half dollar and in coins of
smaller value, by about 81 per cent. The present
value of the silver dollar would not be touched, but
of course under the influence OF the bill, this coin
would soon disappear, to be reproduced in coin of
less value. 1t is evident that this measure,
that will obtain TIE object, will be the only
means of retaining in the country the small amount
of silver now held here. Rich Eng.