, 1876-09-02
THENlONEY QUESTION.

INF u could NOT ue questioned As ~ Ills right IN.
der 1t u register and vote.
THEN1ONEY QUESTION.
AN SAnGua1EN.r AGAINST SILVER.
To Tie Editor aJ Tho Tribune.
CntcAoo, Aug. So.-Your .trong condc1nna-
tion Ut MY conclusions ~ to the Hrclatlrc value
OF gold and silver" derived from the percentages
Of comparative production, induces n,c to make
another statement bearing On the future Of si|-
yer, md, for that purpose, borrow your table Of
the worlds stock Of gold and silver coin, and,
working out the comparative percentages OF in
crease In volume during the periods Of time
giyea therein, makc It the basis III my reply to
your criticism, the pointcdness ofwh!ch entities
INC to the privilege of nnothcr hcarug, aud
trust you will not refuse It. The world. stock
Of gold aud atlycr coin was estimated to be in
17oo-s1, Az, 600, oSo. oSsAh No. l.
1so0-$l, 1877. 600. o0O-1Df nc: cent increase,
900 equal @ t. 70 Il IL Of PEI cent per annu1n.
equal to II 400 ol ! per cent per ani,un,.
1B71-S3 600. 600. oO0-i4 per cent fucrcarc, equal
I'D oo nfi e. FIJI II r. ns9 ssnt
equal to 71*1oo pcr GENT per annuEn.
,soo-s,, AS, ooo, 90. oss4s no. =
200. 900. ooo-:3 per cent increarc in 14s
years, equnl to " OF per cent per an
1876 -. co., 600, 10000 per cent increase In
twenty.e{EAt years, equal 10 : II per
cent pcr hslnnnl.
It will be noticed that the comparative per.
ccntagc Of yearly Increase In the stock of cuin
between 100 and 1913, Of 4 Of per cent, rs
compared to the Increase between 1873 md 1876,
Of II per cent, shows tic comparative
pe,scn'aee "ine'caee 10 W ~. per een.
n,1aTor OK the laot-hamx' peftotl. Thu annual
eight years seems, a. = casual glance, small
o.il,,cn IN N. vor1,1,s mnncv i,rnu e,,,,,1 II,
,,a,,.. ~ ~ ,o,,,t.'.. ,rs. sso M ~ Aaa a.,
uola1s 70 something ofes soo'ooo,ouoI aha,
should wa a,l,l this same perccptsrc II ncr
,..r,, u,nua1v ,o our n,rea,,v,rrcrss,s. c,,rr.n.
1ut) AntuanY ~ els nilea"y'eAessslve cuffeh-
s's to speeepsyent sas and still fuis4 ua' H.
| crease our distress; aud, Il persisted ia for
term o. ycars' osns % uaak1uptsy pa on 1e country;
las been 'ncrsasIns It's volume Of cotnclrcnla-
ton too rapidly, cuuslng inilaton; md the fact
Of the great fluctuations III silver nav be taken
90 .n Irdtcat,nn ,hnt sr,, Ia Tho c,,s t,r stI,,r
H.. ~ a a, nv taiI, ~.
frnrr vae fsptiye yaa Viii soIa s wtt p1 r1cat
.a ,ot.ng. ~, T. ~. rnt ..s M,.n s'eat
In',t,nn;tr =, ~ go'h ia hau. ,nsdo ~ f,4-
Iii = sat o, - f,Io,,ao,s uS aooL ~
| II Il
H. Is or fo nnsrs ~ In the ~
currency cur 9a paRsrirsaa1on - ns as y weFe
"1 o,,r W. .pnrrirn"s of naner crcuaiinT mcnn
YIN ~ roca n ~ ,s ths.
~ ~ ,,t III ca,n,,,arcioi vail VIM ~, .r.sncv
o. an ,uS as on mn1n an tvor e.a w .c.
1 a M H.. 5,,,,it,,s mt os ~ se'
=, "nse oar nhnr Il Ie~atsnr s sn gnl
o. t,.x f1a;,, ~ an t,i o,r ,,Eot,t,c,io, Il t.
n ~ n, aas farn,l ~ int' T!atn a,srs
VIII. Iv .,t,.t, T., ot;,or ,"ercinI ,,n.to,,s ~
nsh nots currency Tn t;a a,,ay u belonged to
tlsn W tna & ~" s ot9t .,.,,s, h%.. ,an. - ~
aai. VITA. trn1c a"a "rntlustinn T.. rntn
tneso,oMsln,taT i, eiicr th"urh ,,nt In acares
10 that 81 ts chtty ~ , Ss III is
pape1Suscney, Leu yi ysul., III io i W vi
na,i, o,,i s1s, IN nv, ~ siivnr Ic"vtrr
~" u,,sh W. v'.rv seicht ncrrrn,ors "
~ WIZ 'e'J n''sHt ,,,p|n.s E'ra,,ot
oaf imports anu 1nn.susG Hvhnn f. s p,uuaet ~
o. Ihe precious tnsLa.s mnSn hne PANE "
iai3 came "po w, ueolamaF a.. NJ pIcSs t SsH ~
tiaue aau .uy, i a., ar"ae aea.ea - ~ .us "o,m 1a
Jsehs a.so n,,.,'',,,., ~" @ hr;,,In,s H., ~
.e III m'ss si' T. hr.,,'ss
failure, anu Fntl ~ ~ nfaase. 81 lnaustfy an
mrh, dstrnss nas a ui ri ~, @ nu
Iy s. aa tic ssuiI VIII it's a 5tstm It'll "a a.so
I!at We @ nayG M sarEre voau'ae q, fafe4laun M sat,
medium tnall tno legtimate i usn,anas h o. teaue
III co'.i.lstss "nsaum.' ~ ~ w. n..,. a,ru
in sa.oM ~ ,nu xcrv m 'I IT, pa;s
tsek'Eg onP'oyne'' u. WY o,,,1.'is, how 'nsSs
o. 1alesesL. ahc s...s, sa."S eo'ta'1!on l. "a
,sm ~ ts ~ rtn 8i, ~ ". "
lasge aeGns.lusa.on ~ .".a' VIII s aa.es y, am.I.
~" AeePE ras1 ana ctIn n hc ",r@ az a'',
LIONS oi paper as CON may ~ "wihe a1 sutiaG
halLtaita, ~ tue .atntai ~ e.a.
10 hctt sate qaAstets, aHtlns .nr hate!a! sto'!h
nnt 10 y os .a s,, ns3 3 !" ",nas -. ,sh, to n,''
natural law o. supply aaa utiinanfi, WHICH all.
plles Win equai !osto 10 E''l;t, eites, " napes
currency aa 10 ssaan ol afl.Gs .i " us"} 'a'ne,
or trade' anollg coh'thefcaat ha!oMsf IL Wy ~.
sumo Speelcpayn'ehts, l'le amount takeh from
lhe worlds STOCK ot coin m,gh. W SOLID rssiet
hat It could npt rsstors to same @ sSsst'se CONT.