Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-07-13
THE SILVER QUESTION.

10 was q very knotty problem which
the meeting OF merchants and business
men at Virginia attempted to solve last
evening. They succeeded in doing 30
to o very unsatisfactory extent. Wiser
heads than they have attempted . sola-
ton Of the problem. in the halls Of the
nation. at Washington. with equal sue
cess. Even u great silver Senator.
Jonss. with his recently publishsd IA
nous. lengthy. we'll written. profound
and exhaustive address upon tho subject
succeeds more In sxhsusdns the rssden
than in showing q plain. fsasibls and
easily understood way out Of the din.
Guilty. Nobody seems able to do this.
yet all can give their opinions and sub
nit their plans in the matter. and the
problem will doubtless eventually have
to solve itself. The meeting Of last
evening. however. had TO discuss the
question more in Q local than q national
light. for the heavy discount on silver
has become more and more oppressive.
especially upon the class Of citizens COM
posing the meeting. A series Of rssolu-
tons was offered and rejected. among
which was the following:
RESOLVED. That IL is the sense Of this
meeting. that dollars male u the silver
which Nevada's mines produee-trades or
any other Kind which the American Gov
eminent may coin are good enough
money for all loyal Americans. and there
fore good enough money for all mankind.
Il Is to be regretted that the meeting
did not adopt this resolution. II looks
like rejecting the cornsr-stons Of our
whole financial system. II is Q good,
sound. patriotic resolution, full Of sta
bility and common. practical sense. The
coin Of this section Is gold and silver.
and the bullion from which IL L. male 10
gold and silver. and not silver alone.
The silver dollar should 10 considered a.
good as the gold dollar. and II Is simrly
spectators. brokers and money manip-
ulators who are creating the ruinous dis
tiuction and discount. After consider
able discussion the meeting finally
adopted the following. which was
signed by iorty-thres business men and
firms
''we. the undenigned. merchants and
business men of Virginia City. hereby
agree. in our business transactions, TO re-
csive and pay out what IL called the trade
dollar At ninety cents On the dollar. and
Ia receive and pay out other silver coin at
par to the amount Of S.: this resolution To
take effect July 18Th
OF course those merchants and
business men Of Virginia City" have q
perfect right to take what action they
please in this matter. yet should other
merchants and business men elsewhere
not Join with them. the effect might b
10 drive business away FROM them to
Gold Hill. Carson or other towns. Per-
hsps the idea is really the only just and
correct Que. yet ws think they had bet.
ter combine in raising tho prices Of
beans. boots. broaicloth. beef, Bourbon
aud tobacco. enough to compensate for
the discount aforesaid. aud not join In
dsprsciating the coin product Of the
country. Moreover. there are plenty Of
business men whose interests could not
allow them to sign any such agreement;
small dealers. for instance. who are
obliged Ia receive their money in bits
AMI quarters. anil necessarily all In sill
yer. We hardly think any Of the
brokers will sign that agreement.
As We have already remarked those
most directly injured by the discount
are merchants and business men. the
grocers. clothing dealers aud store
keepers generally. who r~scsive large
amounts OF silver at par, and have to
submit to the discount in RENTING TO
San Francisco OF elsewhere for moro
goods. As the case stands it really does
work q serious hardship in their case.
for the profit on many leading staple
articles Of groceries and provisions does
not amount to - much a. the loss by
tho discount. Neithsf can they blame
their loss to the mines. Tor our miners
receive their money all In gold
On payday. and IL the brokers
aud money dealers See ht to import
silver msusy for sale, 1t 10 their right TO
do 80. az they 10 sreenbaeks or any
other money or wsdipm Of exchange.
In the name Of the stoIsksepers and
business men. who are the real sufferers,
We hope to ~ this matter more sails
fsctorily arranged than 1t Is at present.
The trade dollar 10 bsins gradually
forced out Of regular circulation. and
VIXEN entirely out should Be kept out.
thas removing n portion Of the di1iculiy.
This eSsuing oil should attend tho meet
Ing Of the sorkipgpsn in the matter.
and IL necessary. meetings should be
held every evening until some mutual
understanding l. arrived At. tb. problem
solved and the present really serious
trouble arranged. And let it be doIs
without slanshtering the silver dollar.
L,rfLNp MOTHER arr not in tho habit