New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-02-02
Senator jones' Hard Money Views.

The Washington correspondent OF the
Philad. lphia Bulletin writes:
Senator Jones, of Nevada, has returned
and will be apt at AN early day to astOnlsh
the Senate with one OF his characteristic
speeches OF finance. The ideas he will give
vent to will be new to the Senate hall. He
ia not common men in intellect. Many
regard him as the incapable poseessor OF
great wealth through accident, but an hours
talk with him on the practical side OF bust.
ness life and another hour on political
economy will convince the auditor of his
strength. Whether, as he once did, he takes
a nick handle in his hand and levels
dozen riotous stalwart Cornish miners
and stops hundred from mutiny, or talks
upon the great subjects Of the day, he is
admirable for his skill. He is never idle.
He proposes that Congress shall authorize
q coin certificate, to be based on system
of silver bars that the government will give
the standard to, this bullion to be In the
custody of the government to represent
dollar for dollar Of the certificates. He
contends that the people would then know,
without the trouble and expense of assay,
precisely what the bullion is worth, and
there would be no discount for abrasion.
Then he proposes to take the value OF the
legal tender note at given time ana Dase
the value of q new silver coin upon that
value in fine silver. He thinks that Ger
MANY has made the mistake of her ex-
istence as a nation in demOnetizing the
silver thaler, and that the Latin States will
awake to regret their dOings. But he ar
cues in favor of his proposition that with
all the hammeriBg silver has had, they only
got it down nine per cent below par he
proposes to let the trade dollar stand, for it
is worth a dollar gold, and make silver
dollar, to be known as the "home dollar"
which he wants to be legal tender for any
thing like gold. Thus he proposes to trans
fer the legal tender from q paper to silver
basis, which he contends would be one step
towards coin standard based on gold. He
is for hard money and free trade out and
out, and he believes that as We are Obliged
to charge high prices for our products on
account of our high tariff, we must all
| ruptcy and beginning again., because
We can not export cur manipulated pro.
ducts and bring gold to pay the artisan and
labOrer But he believes that If the gov
ernment will adopt silver az the only avail
| able standard, and adopt it at it's true valu,
alton, the step to specie resumption based
| on gold will be short; and that in time, not
cold needed for circulation in this entire
country would not be as great az that now
in opportunity of circulation, but not in use,
on the Pacific coast. He says it is the poor
man's hoard, and instances the California
| Danio. where hard money was in de.
mand, and the naturalization of the
silver that could not be lost in
the corner of vest pocket was
| sought after, held, demanded and satisfac-
tory Of all demands. He says the railroad
| and telegraph have made silver less . bur-
den of actual exchange now than gold was
fifteen years ago. That We should do as
| Germany did-try il, and give it up when
we can get along without it, He says th at as
we are the great silver producing county,
we ought to make it answer our purposes,
and believes that the United States will be
the great coin exchange of the future, it VIZ
adoSt his plan. He thinks that with s,l> OF
everywhere ard not a bit Of use tor it. We
are wrong in keeping paper money to ba-q
our monetary system on. And he proposes
| to talk it boldly.