Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1876-03-24
Silver VS. Paper Money.

Senator Jones of Nevada is said b,
Washington papers 10 have prepared Il bii
and put himself in readiness to deliver /;
speech on The proposition Of su )Stit ltng
silver coinage for our present l,ap-r mon
ey. The Senator takes the ground that rs
nature has provided us with an immense
amount of the precious metals hat N be
rcduc, d only throu Ii abor anI science, il
bchooycs US as a nation to assist in the
development Of those resources by max
ing the lbor profitable.
Gold, he says. has been found in all
ages, III the sands Of the river ana else
where within easy reach. and tlltt it re
quIrcs no particular science to determine
the Whereabouts IF god. Bat with silver
ii is different. Proiuced in the much
larger quantity and value. it is only dis
covered and brought into u-c through a
knowledge ot chemistry and through
other scientific at alnments tba make the
miner capable Of determining the polnt,
where metal may be fouLd. He holds
that it is no excuse agans. the introdnc-
tion Of silver as our coin st nda,d that
The price cf silver has fallen to-day or
will fall more tomorrow, or b Cause the
tendency of European Ea ions to crush
out or demonc,ize silver by legislative Ell
actment is bound 10 hayc tendency to
make It less valuable
The Senator repres n's that England is
ut the bottom of the demunetiza'i ion of
silver because she has required gold III
payment Of debts due her; in other WOr'is
if England had selected silver an made
it a legal tender. its intrinsic value would
have been kept up. and been much greater
than gold. lie says that as long a. the
Europtar world has to pay an immense
annual sum of money to England for her
commodities, ard England exacts pay
ment in gold, and not in silver. the value
of gold is made much higher than it really
leserEes TO be, if you argue upon the ba-
sis of intrinsic value lie says that gold
never had much Intrinsic value Outs,d of
its money feature; that the Indians and
OH rs Of the early ages used golI b cause
it looked so pretty as eE ornament. aud
because its lustrc never faded, tut that
silver always had uses in the arts thai
could not b. supplied by any other metal.
lie argues that If Europe wants to de-
mOnctize silver, We, as silver product <
country, ought to stand up maniuily and
monc'ize it, in order that our prOductios
shall not fall below the cost Of digging
the metal from the earth. Senator Jones
inlends to insist upon the coinage Of
dollar in silver worth a dollar in gold al
the time of its coinage, and proposes that
the whole currency of the country shall
be based upon silver standard through
the issue of certificates. Tnese certificates,
he proposes. shnll be bssed upon bullion
deposited IN depository Of the United
States, assayed and stamped by the United
States, and the certificate shall have q
dollar in silver behind it all the time for
its redemption. This is to save the trouble
and expense of coinage.
There are various other theories a 'van.
iced. but this is the theory Of the bullion
producers, 1t is entitled to some credit
and .arnes: consideration, coming from
the source it does. Of sn acknowl'd dge'i
and outspoken producer of silver, not only
on his own account, but on accoun' If the
Stale he represents, and also Of California
aud the silver-producing Territories.
Senator Jones does not object to the ship.
men, OF COLA out Of the country, it such
a rcsul, should ensue, because he believes
that our people wsuld be we'll satisfied
with silver, but he does not thlnk that
gold woul, be shipped, because we have
50 much surplus of silver.
t1,1. enc "a