Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1876-11-22
THE WHOLE TRUTH ABOUT
.SIL YER.


Committee, the text Of which is nov
before us.
The committee, which was presided
over by Mr.. Goschcn, held during th,
summer q number of sessions at which
a great many competent persons were
examined and ayast quantity of officia
documents communicated from foreigr
countries were analysed and collated
The most striking facts thus ELECTED
may be condensed in few brief sen
tences.
The total annual production OF sill
vcr has risen TO moro than seventy
millions of dollars, instead of forty e
forty-fve millions, which was the ay-
eragc yield fifteen years ago. OF this
quantity the committee estimates that
the mines of the United States have
furnished about one-half, and there is
n prospect that their delivery will be
augmented during some years to come
On the other hand, should the price Of
silver remain at its present figure, it is
possible that production nay diminish
in other quarters. According to the
documents forwarded from Berlin, the
amount of silver which Germany still
retains, but which she is preparing to
throw upon the market, cannot fall
short Of forty millions of dollars, and
may possibly exceed one hundred mil.
lions. Nevertheless, the committee
was of opinion that the German subsi-
diary on token coinage might ultimate.
ly absorb much larger quantity of
silver than was expected The Scan
dinavian States, like Germany, have
abolished the use Of silver as legal
tender, but the demonetized bullion
which they have so far offered for sale,
or ire likely to offer in the future, is
unimportant. h
1t appears that Austria is rapidly
substituting gold for silver, the quan.
tity of the latter metal in her posses
sion having shrunk from fifty millions
Of dollars TO tbirty-three millions in
four years. From Italy silver money
has gaadnally been drained away
Since 1865 immense sums have been
exported, and the present compulsory
paper currency seems TO have almost
totally expelled the metals formerly in
circulation, among which silver fgur-
ed at the beginning Of 1866, 10 tho ex-
tent OF cighty-fve millions of dollars
The silver bullion which has recently
been coined in Italy has been immedi.
ately exported into France. In dia-
metrical opposition to the course of
most European States, the latter coun-
try has of late years largely re-enforc-
cd her stock OF the white metal. Since
1871 the excess Of silver imported over
the amount exported has attained the
astonishing total of one hundred and
sixty.cight millions Of dollars.
During the four years from 1872 TO
1875, both inclusive, Russia, Spain, and
also England, which employs silver for
its fractional auxiliary currency, alb
sorbed each certain quantity OF this
metal, not exceeding, however, in the
aggregate, sixty-five millions of dollars
for the whole period. In the same
term, India is estimated TO have de-
III, ~ s, axaa,od II H. nrn,; s
nas. % no odsnn,,;,,,r . ,rh;ls ,he roa,,;re
ments OF China, japan, and other
Eastern nations, were satisfied with
forty 1.-TWO millions. Finally, the United
H. - ,,s - . - a,,,;o,'td VA" ahanS,, .I;e
Nm, I ,.;ii;ans es All, - oS Than X
,as5aI s onns,,.'s,;on - ~ % s,i,.o. ,,,,'a,,h 80, @
H.. III so1i - 1n
a, Srs ,o,.;n m,u w AN is" =, % ,h,aa I hnndsad @
M VA is = M ~ LII ,t;,a %s n,s
a"u s,N'' .e'sn. ,,.''on 49, ~ *
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fT'aa.a.s y IL ,n g., ~
as...; ~" ,.,.. n s.'sn,is ',a,ea, .a
hnmJnss I a,'d a~,,,, 70 ,hs"o " Tsasa;a NJ ~ ~
~ r.su .' ""a ',.s, oTss"'' - a. "1le's, 'I,;S
,,so'',,aa soa s c"s h", ea.a;lo,';a' ~ Vb ,hs
luaeeyun.ou ia.',.: iV' Oes .oasieiins NY Wy
u,n,ou'. u,'' w, =, 'no .ns's' .u0
aoo.e WI, ~ au,,..e. " W .'s = 'o''' ~
0'y c'oso va'aioe s'''.'o,.,, snve, .e,,,...
20 'esa'us wy os's'a.'o" % e'.u' 'ue ao,'
u'"r 1vu.,'''vs, ,,S wy s's"a'on " ,, s''.e' .
70 iono"s, ~ o,n'a"y - slau"",'s w
.no.e.,1'S .n', s.Sv NY n.ans .i ne,,.e. .'..
,orms,u ,s " ieyees =. "'.oo.ns, c'..;,, .NIep'
~, sno l"'Pv1e, lp,, Va n.,,a.l eo" al ,oaIn W.
o.l.on S.a, Dos" a.,iaJ 'I"u ~ nv a'o sne
Is|'ss - s"s ~ ,;,, a SSss
n. son'Paa r c ~, III . sonV ~s m
~. ,,".a.a'n n..:.., 30 Wv 'is, iiJn,o", W. W.
si sIi o',,na., 1890 ~ y. .ae'ess s"sy
r,h;sa 49, ,pSt;s - so,"" a,. '.n,sl'. ~ w
t,ne of France whore ;ost he,oro ~,
oJ;onrnment y, ,ha n.s,;onaI slS H. ia',;sI" sh'
,nyo a daSistyn s,an n,ns -, H. H.,
d;rec,;on non ,hc nors ~ Rrss;a ", amd
Ans,r;n ,hor. oro no nrosan, [ ind;aa i
4 go ~ ;a,aodad a's;s,p,;,.o ;.,nnc.'
once viii ,ho metals in c;ren,a,;oa
Ins,,,' I ,ho comn,;,sa, m n;,os ~, moa
@ ,arn,:n. % ~ soll,, and o ogsoa,",., '"as 'I ,hs
subs,;,n,;o aS s;,,. @ j'ns;nod =, ,ho ,ho
TIa;,ad e,a,,s g., !, S'an,;nnn, . sas
va n'.,a,os [ ,nh;oh a,,sad,, na,',r,a t"le tap :
L;',h ,,.,,,;,n, -" oan,,,o,.od ,r;,h ~ /"
,nsS;,d S n,a,ai " WV
III" Tha ,"o,s wh,oh ara horo oo,n,oro,
oil sneaI a. ,hemselyes h,, I, IL in.
,as,pn, d;s,;nan,sh ,hnsa ,yi,;,,h
bero a nar,al ,rnn, ,hose ,rh;ch ha.a
,sn,nararv eh.rae,ar Thns !, i
'o;.,ad on, x, H. enn,,,,;,,oa ,ho, Lo
aocnmnla,;on os s;l,or ;n Eranna d,r
.Ms ias, Co.. '.oo, 4. 'on,; ALI,
aso,nnions s "a ,.,ns;o,, NJ anmt,