, 1876-08-16
Roth Sides Of the Remonetizn-
ton Question Discussed.
Cause of the Deoline in Silver-s.
Is There a Surplus7
The Relative Value Of Silver
and Gold.
l. Il Dest to Make the Silver Dollar q
Full Legal Tondcr7
Judge Lawrence, the Nation" "
and the Silver Dollar.

ana tlC S1kVCf DOilar.. .
CAUSE OF DECLINE. or SILVER.
IN the Editor ef This 1'rthund.
SALT LAKE, Aug. G.-Thcre seem to be a.
many reasons for the recent decline IN silver Us
there arc writers discussing Il. In your Issue OF
Aug, YOU give somc statistics OF tic rrot,lc-
t,on Of guild and silver In late years, and con-
clu1o that tho recent tlccfcuac In the product of
gold ns,d incfeasc tn TINT .ui silver arco1,nts for
Tbs cou1parhtlvn advnueo Of gold. TO this yotl
all that Germany haa thrown, E200, OK, zoo Of
silver OIL thu market, which intcnailed the ten.
dcnry. ........, =,
In discussing tho hearing Of tho vclasitudcs Of
production oil thu question: senator Dogy says:
In the twenty years following the cafernia so,a
abonl soven t1es while that Of silver scarcely IN
VI anrns tc 1sst ten ysars, u conparsa With 'ns
preceding twenty or dfty yeats, u only anohs ~
et cent ho syef enn wit,1 W.T. tem sSacs. w. mros ~
ductun of gold has rreent1y desned; but syait Or.
with TINT allowance 4 faIs far bcliad ths relative
ss.me tlat eeold ptodhtlte wi!l MT @ hessS,er
decline ssi St ssGt / H. d na estljns s.iofa
VIII WHIT resoyoT us sa,' ts rato To- Eo in ycar; pfoact
LSsss E 'iGSS's, S saipf ss fn " III IL Fsa a
metals. Why should thu much smulcf 9aln IN slt-
n, tho eleven years, frn,n 1858 to 1867, both
inclusive, tho product Of gdld wis ln rbti.,d
numbers sl,i00, ,0Nl. .000,,- Tint Of silver.
s4sp,0o0,0oO; yet tho cxtrcmc' variation Of the
gold price u All ounce Of silycrtn London wns
was only nvc-eighths Of 4 pculiy. Froin the
discovery OF tile Spanish American mi,ics to the
expulsion Of tue spasass from ms1so eG St they hey
Srna fhsItif N<y,9hf ttran-
s.,,s,I,: .;,or yct t,,crc 1yoa m. rhnnnn n
1odrths eltsf s"r., "u' no. el''nes ~ ~
ustas At tbs nenng .,sa, o. thus ' eant'Fy ty there @
void; now there i more gold than silver, aud
tho change l,as all been made since, 1s4s
iudoe,, the commercial worlds stock
% chausa IL Tho reatvu yaas u tha ,neta,s iroI
II o lhe ea "S hSs
nothiny 10 DO with ilcsr ruiat!ye yalues acnator
Jonss shows yc{y clssEly ynat ny ssa tha , 1's
Easern tsadc tunied Is mlso the itce oi silver in
than IN tho Wcst. The discovery VI tho SpaMis-
American mncs and thy application Of quicksilver
ssaMa'm At sh0nt r. s ssss fse ts tended ts
causes intcractlns, together with wurll.wiile
experience OF lha respective cost Of prD+
fsss ,aae II ~ ra IND a sve1 s
anI Wcst ana IL ed it IN the npar Vichlty Of I5ti
oi silver for / of gold, uonottmcy little moru
then / lttio less, tnt leavlne that thu average;
II Tic same conJtions ot co,s,ilnntIvn anil nro-
dneiIon exist: SThc Enstttn tradc Continues, Inc
American mines are productive az svcr ami dntck.
iyer ID ttI!l used III un!alga mating, II anythuu
can be rtcNrltd as settled, Il il tt thc natural
conditions Of thIs problem uro not chungcd4 and nro
exceedingly unliknly 10 cha,.Ye.
Nav III ~ look al nnt,lt,vr linc Of urgun,cnt. .,
L, ~, Ii Tho New York TriLUoe, seeks TO u,taI,.
Nsh ihat there ia I'M annual surpIus uf silver
auountIns to SIS 200, GOO. thrown On The tt,arkcls
ot tho wosld, 5y reason Of tho leqseaseI pawnr pi
the East Is ai,sofb H. uni Of Sycr. uTaduciion: +:
- millions ho aaAiRi.s 10 lilo arsp cau+c, md
runuiatcd SURPLUS, now cuuntn. loo millions or.
tessJ foi sac e. ucr,s1y ann,arts M 10 aoo or 50o
millions: -: - 49, :, Ivy
ID answer to q. /. W., another correspondent
Shows, On tho authority Of hi. uo.chens Cou!.
Began an1y four ynats M ago; that IN that tiss sa ths
pfosInctn, hsa iarrcuscd but Slp, uoU. Zoo vi the
sntalde, and ihat az absorption by Ills int has
ase.a4sra sSa. oiny Sle' 2o9 oo1 aganst which he
sise @ nss,ly sis. ooo ooo yr'p ycar. ne' oAS 'u''
Th!s would scsin 10 nuljiiy Z. L. Il, "a. nrru.
mont Hut il there ntly s,rpl,is 1t s1ycti II insia