Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1876-08-20
EASTERN LUNACY.

In the last issue of the New York
Herald to hand. we find the following
ssriept paragraph.
Thus far gold has remained SO steady,
or has fallen SO little and SO impeycept.
IDLY, that society accepts it as the lstand-
ard OF value. There can be no other.
If we hare silver standard We should
have q copper and a nickel standard.
Silver. the moment its value is subject
to commercial fluctuations, ceases to be
honest money. We may use it as half
dollars, dimes, and so on, as a conve.
nience, as we do the paper currency.
People like to feel it. The silver token
is worth more intrinsically than the
paper token. and hence people prefer it.
But when our credit advances to a specie
basis the popularity OF silver will fall
1t is better for us to have silver a
commodity. We would much rather
have cheap silver than silver as it has
been for century. Cheap silver is as
important to US as cheap iron and cheap
coal. AS money it served one use. As
commodity il serves a hundred uses.
The attempt to give silver a permanent
money value is only a speculation to
keep up the price of the silver mines OF
Nevada. We believe in on specie value,
represented by gold. We believe in
cheap silver, and the more our people
consider the question the more they will
be disposed to regard the Bonanza Silver
bill as foolish and wicked scheme to
strengthen mining stocks in Nevada at
the expense of the public credit.
1t is pity that the paper that spends
SO much money in exploring African
deserts can't give an honest opinion on
an important industry of this country.
In the above it says "gold has remained
so steady. or has fallen so little and SO
impeaceptibly that society accepts it as
the standard of value" Society" &C.
cording to the Herald's definition mean
ing two-6fths Of the human race. We
showed, in recent issue. that gold has
deprecated in purchasing value since
1850, 25 per cent. Taking silver at its
normal valuation II CO pence - and
at its present quotation, 80,
it shows a depreciation of but 1G Der
cent Figures don't lie, even though
the Eastern journalists falsify facts.
Passing over the gibbering jingle about
nickel and copper, we come to another
break. Continuing its adverse argumen.
the Herald says of silver: :" As money it
served one use, as a commodity it serves
hundred uses" This may be detri.
ment on the part Of silver, and knock
down argument against its use as cir.
culs'ing medium, but it applies with
equal force to gold. There are gold.
smiths as well as silversmiths, gold has
hundred uses in the arts, just as silver.
Finally the oracle OF Ann street says:
The attempt to give silver permanent
money value is only speculation to
keep up the price OF the silver mines in
Nevada" This is simply "a lie.
The attempt to give silver
permanent money value is simply
ON attempt to give it that which inhe-
rentlv belongs to it. The effect of the
recent depression ought of itself-in its
far.reaching and worldwide influence
open the eyes of those who worship the
golden calf. 1t is not OF such sole and
surprising Importance to the Nevada
miners. Its eject is felt on the plains of
India, in the German Bourse, in the
Bank Of England wherever trade and
traffic requires exchange. The principal
mines of Nevada, to-day yield 46 parts
out Of 100 in gold. 1t is probable the
Nevada mines and miners can stand it,
but 1t is certainly singular that journal
lists find pleasure in making such false
and reckless assertions.