Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1873-11-02

port, unless, by being thus withdrawn
from the markets of the world. it causes
a very material advance in the price OF
silver; in which event We must reap the
benefit through its exchauSeable value
as u commodity, and thus in any event
We gain our point-as We are now
large silver producer.
Skipping further. land almos:
ruthlessly) the quite essential and
altogether ingenious plan proposed
whereby the existing depressed stan
dard of valne put upon silver could
be remedied, and taking up the
thread of this essay where it resumes
the argument in favor of this infu-
sion of new, vital and intrinsic
valne into silver coinage We come to
the following:
Starting thus, as We do. at a po!nt
WHERE the value q! silver, rs Ii enters
INTO this coin, is slightly above that IL
the principal and controlling market oi
t world and also IL WbIch the relative
values of the precious metals 1t Contains
correspond veiy closely To their relative
values AS comm litI-s, you Viii observe
that the immediate fire; must be t.
check any fur; her decline il the value III
SILVER, as it opens II d me nliii ktt tor ON
utire uruG!ncr nj a valuations above that
abroad, to say nothing of The expense OF
3ayinr il down Iii The foreign market.
And ~ this product is nearly .t:tty pei
c.nt. of til 1t Of The world, its wIthdrav'ii
froIn our mark, + must sooner OF later
p-u,iuc,. a S, n>iile fleet upon IFS market
price; and AT the same time 1t ntariy
doubles onr m-rn' iic calculation at home.
and TINS materially contributes 10 re-
sumption OF Sprcie payments.
You will also observe, that 1t can b.
made to entirely sapsrst d. our fractional
Subsidiary silver com with perfect safety,
rs the gold it contains acts precisely a.
a seigniorege does. IL preventing ii from
being melted or exported. For purposes
of the arts, either at home or abroad
no one can afford 10 give do'lnr III
gold to obtain ninety-t~o cents of silver:
and this gold would add no practical
value to silverware, even if the silver
smith could demonstrate its existence III
his plate And as l have already e1-
planned thar silver containing gold Is nj
a discount abroad, as compared with fine
siiver-to say nothing OF Shipping ex-
penses-vou will perceive that silver
mus: advance in price very mtteria!iy
before its out.urn wonld equal its par rs
money. in foreign exchange: and hence
it will not be exported.
This showing OF Ours. emitting As
it does much of the cementing ma
terra! of this splendid theory is qni'e
enough. we hope, to illustrate to
the investigating mind that Mr.. Gar
nett has met this question with a
very clear and lively understanding
of the nature of its complications,
and to show that himself is qualified
not only to philosophi~e and theorise
upon the same, bat TO offer, ct once
in the face Of great and momentnus
emergency. what seems like happy
solution O: o mos: grave ana per
picking problem in finance. We
are mistaken in our estimate Of the
intelligence and spirit OF apprecia
ton residing in the Congress Of the
United States If this communication
does not meet with much admiration
and applause and, lie. MS hope, that
so far as its practical ideas are con-
cerned, they may serve to direct as
we'll as to awaken purpose to give
themselves and the general theory
they so cleverly shape prompt and
actual trial. Anything which looks
to the lifting up of the standard OF
silver is of the very first importance
in Nevada and in appreciation OF
the interests of mining there should
be a general heartiness of concur
rence prevailing throughout the
coast in the cause thus 80 ably
espoused.
w., r.,-rpu of the Spva0ues and