Owyhee semi-weekly tidal wave. [volume] (Silver City, Owyhee County, Idaho Territory) 1868-1869, 1869-03-09
CURRENCY.

issues of the National Banks are TO /
be the circulating medium in trade |
and speculation, West as well as |
Fast, until such time as the Govern
ment finds itself in condition TO
return TO specie payment appears as
inevitable az that the Pacific Rail-
road is about TO connect the two sec
tons and establish more intimate
trade connections between them
The action Of California and Nevada,
through their Courts and Legisla-
lures, in declaring gold coin the
basis of all monied transactions, in
view Of the immediate Eastern com
petition for the interior trade, APP
pears to have been adopted in utter
blindness TO the interests Of San
Francisco, and in disregard of every
hope that has been 80 long cherished
by the people Of the Pacific Coast Of
building up on San Francisco Bay a
great city that should rival the ports
Of the Atlantic in commercial great
ness. The trade of the mining inte-
rior of the Pacific Slope is the one
alI-important interest that should be
cultivated and secured by San Fran
cisco in order ever to become even
rival of New York, Chicago and
st. Louis in any sense and SO long
an she permits the currency of the
country to be dependent on the ca
price of her stock gamblers for its
value and stability, so long will she
continue to drive away from her the
merchants of the interior, who can
20 East on the railroad at a trifle in
expense aud buy in a market where
the price Of their money is not liable
to fiuctuation. 1t may be plead in
favor Of coin prices that the buyer
occasionally gets more for currency
than its relative value in coin as
compensation for the lower rates
that he il at other times obliged to
submit to; but TO the legitimate and
careful merchant this is not satisfac-
tory. He wants to be safe, and to
know when he sells his goods how
much his money will realize him in
payment of his debts, or in the
purchase of additional supplies, and
he will seek market that will afford
him this security. Unless San Fran
cisco shall change her base on the
currency question within the mex
six months she will find all her bes
interior trade deserving her as fas
as it becomes Independent, on &C
count Of obligations already incur
red, and going to the East for sup
plies, where goods can be purchased
for greenbacks at less rates than Sal
Francisco asks in coin, and where
dollar is a dollar in fact, and not al
article of speculation to be bnliet
and beared to suit the convenience
and interest of stock iobbers.
While on the subject of currenc.
il may be well to call attention I
the uncertain and indefinite state o
the money market in the mines
Idaho. Here the miner works ic
wages and receives his greenbacE
at eighty cents. In Idaho City B
has to allow eighty-fve, which,in tn
stores, for supplies or clothing,
in the saloons for drink. In the latt'
place he can pass at the same ra
for which they are taken from b
employer but should he be so TO
tunase as to accumulate any amou
ahead and send it away to b
family, or to purchase property.
pay debts in California, be mu
submit to brokers' terms and lose
least a Quarter of. the amount in Q