Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1876-07-28
RETURNING REASON.

II is a gratifying fact that England and
Germany are coming down from the high
horse they mounted Iseverai months ago
in relation to the silver question, and
seeing the disaster they are entail ne on
themselves and their dependencies, nre
casting around for some way of getting
back to the old regime without appear.
ing ridiculous. The reason for graft
fication on the part OF this Coast il be-
cause it will be sure to act 10 the same
degree on the present National Legis.
lature. As goes Europe, SO goes Wash.
ington. II is a pity that ,remor in Eu-
rope should send thrill through Con.
gress, and that that august body should
act like the dependent Parliament of a
British possession. but now that q re-
action is taking plac, across the Atlantic
we may expect the wise couselors OF the
Atlantic slope to do something sensible
at last, not 10 conformity with the in.
terests OF this country. bu. simply as fol.
lowing suit TO England's lead. For this
let US be thankful. The London and
New York journals are unanimous in the
opinion that the recent action on the
part OF foreign Powers was a mistake.
As soon as the news gets thoroughly
through the heads OF the San Francisco
Journalists. they will. most likely duly
announce that they thought 30 all along.
and are glad to see London and New
York agreeing with them. 1t must be
source OF satisfaction to the Senator
from Nevada. who has had an uphill
fight all through, to And reason rising at
last, when impelled by financial loss. II
anyone had, three years ago. predicted
the present state OF the silver market, he
would have been laughed at. The po-
sition is certainly an anomalous one.
yet affording an opportunity to this Gov
eminent it never hoped to possess. The
great war debt has been the great bug.
bear through the eleven years since the
internecins strife ceased. Here is an op-
portunity to resume specie payment. pay
the debt in coin as agreed upon, fulfil
all pledges and leave nothing unsatisfied,
preserve pubic faith, forward the coun-
try's interests, protect great portion of
that countrys most solid industries, and
yet they stand. like the apostles Of old.
looking up to heaven or across the sea
listening to English tactics as to how
they will make the best OF the present
muddle. II the United States was re-
sponsible for the depreciation in silver.
If by chicanery or sharp practice the
present low state Of the market had been
produced in order to pay off the debt in
deprecated coin there would be reason
to look with suspicion on such public
trickery, but when the Government is
entirely irresponsible and simply in the
same general position as private indi
yidual, it no longer beco mes a question
Of national honor or public finance bu
assumes the relation OF debtor ant
creditor. There was time whet
the Government would have been glac
to pay off its Indebtedness in silver. /
by some strange combination of circum
stances the silver mines of Nevada failed
and gold bonsuza was discovered i,
sufficient quantities to affect the market
should cold depreciate and silver aDpre
ciats, how soon the twaddle abou
standards of value would be hushet
and the white metal treasured. Accord
ibg to the present policy of the Govern
ment it would then probably abandon
the depre ciated gold and pay its debt
in diamonds unless. unfortunately,
diamond field in Arizona. Africa or Bra
iii, Of unlimited extent should turn W
when it would be in sad predlcamen'