Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-04-11

4Ia ~ ~
a,LD HrLl. !: TUESDAY. APRIL IL. 1875
TIE sILvKR CURRENCY HILL
Certain over-criticai newspaper.
among them the Sacramento Record
Union. the recognized paid organ Of the
Central Pacific Railroad. are now carp
ing about the Silver currency bill. which
provides for the partial resumption Of
,pseis payments By substituting small
silver coins for the fractional currency
In use ct the East. The motives
prompt the Record. Union 10 OPP
pose The bill are vsry manifest 70 the
comprehension. Through pas
ssnssrs from New York 70 San Fran
cisco. or indeed to any point in the gold
and silver currency States, pay for their
passage In greenbseks al their nominal
value. OF course the railroad. which 10
. California institution and has to pay
It's expenses In gold and silver. losss TO
. certain extent ON tho nominal fare Of
each passenger. In order to make this
loss - ANAL - possible Il has Lvsys
sold lie greenbacks for silver. the pre-
MUM on that coin bsing always less
than that In gold. This silver which
the railroad has purchased with it,
grsenbscks. 70 has used In making
change for its customers In all sums Of
lees than ave dollars. Thus IL has
saved the difference between the prsni-
ums In gold and silver. while nearly all
the gold which ID required TO transact
it, businsss has flowed into It's eotfsrsi in
the ordinary course OF affairs.
Nov the moment the fractional cur
rsncy Of the East Ia placed on apar with
silver. the railroad company will BE-
forced 10 exchange lie grssnbaeks for
gold. hat being the oaly coin which viii
premium o'.
currency. The effect Of this will Be-
that the company will loss the difference
inths premiums Of gold and s~iivsralludsd
70 ABOVE nn, 'ns' 'o'
'efsss 70 osiAy inc " 49,
paymsn's ~ 'ons p
snss interest," 10 mshiAA organ u Wv
efnof Ssaniotu u 0pP'~'s 'n' 0
Curfsney onn.
bus 'ns heeoro- soaoess s'n'
very plausible arguments asens' 70.
sumption when .ns onh proposes
says that the enses OF It's passaes u
TO dsprseiate silver and drive IL from
California, thus forcing that state 70 10
oasinsss on . soid OASIS anu As hss'
urai result SAM up the pnce OF gold
This. to 10 . rather sians expression.
10 all bosh." The main win
siivsr In Caiioln'a anu Ns'Aa p"
ens ~ 'nAs 'ns m
Sai'ef COINS arc IN sa'ss ~
mano. And 'ns.o nv NOS s0i'
enough sePPv 'ns "'''
on 'ns m
sai'et ms ~ so'u
sessdy dsmaha' sno' 'n' .uPp'y ICING
short' oommAnds tsaay Psoinaam
NOW. the % the oni unas'
consadsrsoon 10 ssnso " . r
dent our silver vm ossin 70 NOV
ssss"ty ss's.aro- In. 'uip'u' %
o in'.''s''s ou %
maze
soso'
Ansfs" ~
ersa. S ''P'u
racine ooss' mas ai'eaas P'Ae
ooins nearly on par WIN s,ss
'efy htis OF J. leaves our sno.
has ossn virtually demoneu1eu IN os-
many vhien formerly impot'eo arg
Quantities from M COAST; and China
q greatest purchaser. refuses our trade
doiiafs. Ins Co"s'oek mines arc oAiiy
throwing upon our mai.. 'N.' quAn
Nc. y. ~ ms wn'en %u'' " 40
so'''a 'm
the article has already deprecated.
$500 -
PP'
ss0o
mA1As" ano oo' n's su
arc wanted thas nvs hundrsd ousneis
Will sell for but nearly half the price
that Il would were the other Ave hun
a,.a bu.h.l. mn, for ..lsL n .;iv.r 4.
osPhvCia<Su uoWs W ttom oAkut W Nn