Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-04-30
ZONES, GREAT SPEECH.

JONES' GREAT SPEECH.
The Enterprise publishes in its Tues
days aud Wednesdays issues . tele-
graphic synopsis of Senator jones'
great argument In favor of maintain
ing . double standard of value. The
lightning fiend has SO mangled some
portions of it as to render them unin-
telligible, and other portions require
eootinual correction to make sense.
Neither has he autographed the specific
asu of coinage which Mr.. Jones
advocates as a measure Of relief from
our present condition.
Enough of the speech, however, is
tnnslatable to give evidence of the
wonderful research and consummate
ability displayed by Mr.. Jones in deal
ing with this question Of paramount
importance to the nation at large, and
upon the determination of which may
depend the very existence OF silver
mining as an industry.
A large portion of his argument is
devoted to an elaboration of the fol-
lowing position:
Legislation a not make or unmake
money. 1t may temporarily exalt or
depreciats the value of one metal as
against the other, but only Temporal
rily. It may disturb, but car not per
manently alter or destroy. Gold and
silver are money in virtue of their
own superiority and they owe zone OF
their rank to law. To insure that both
precious metals shall form ingredients
OF money it Is essential that no legal
obstacle shall be placed in the way OF
the voluntary use Of either; that one
equally with the other shall be legal
tender to an unlimited amount at q
oudntwus relation fixed from time to
time in view Of the past and probable
future market ratio Of these metals.
And 1t is in treating this branch of
the subject that he has entered at large
into the history of gold and silver.
We have not the space to do justice to
the argument by giving even = hasty
resume Of 1t. Mr.. Jones shows that
the establishment Of gold IS the sole
standard Of value il in the interests
OF the capitalists OF Europe, and op-
posed Il the interests Of this country,
and il persisted in must result In
financial conyulsion il not ruin; he at
tributes the great commercial and
financial distress Of England for many
years AFTER 1816-a distress from which
she was only relieved by the discov-
cries Of gold in California and Aus
tralia-to the ill-advised adoption of a
gold standard at that time; he attrib-
ate the present disastrous state of
finance In Germany, despite the 81 ,O00,-
900, 900 she q short time ago extorted
from France, to the demonstration Of
silver; and he attributes the almost un-
examplsd prosperity OF the latter coun-
try, even in the face of that immense
standard; he shows that Asia must
ever remain a market for silver; he
declares that resumption of specie
payments with gold as the sole standard
10 impossible; he shows by statistics
that the production Of gold is uncer-
tain and notwithstanding, while that of
silver il maintained at nearly the saue
amount, there being indeed a decrease
instead Of the increase which has been
used "a q bugsboo 10 brighten those
who fear its use 81 coin; he claims that
the present period of . silver panic Is
the time tor US TO act, that the consti-
tuition recognizes gold and silver alike
as money, and concludes a speech
which has everywhere attracted attsn
ton by its marked ability, by calling
upon Congress to re-establish- the
double standard Of value by which
alone specie payments can be resumed
and through which alone we can trade
on equal terms with the Old World.
SAD.-The Carson Appeal says the