Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-04-26
sRxAroR JONES AND TEE slLvKR
QUESTION.

JONES AND TEE slLvKR
QUESTION.
The speech Of Senator Jones On The
silver question ID calculated 10 produce
. profound impression throughout
the country. his idsas on the subject
are veil digsstsd. and he has plaosd
them into sloqusnt words which win
nahstAso inasatgSbasto ths mest igno-
rant reader. TAs tat Of The bill. upon
the Introduction Of which thia great
ana.sial speech vss dslivsssd, d - fol-
lows:
II unaoted. ae.-That there shall b
coined Il ths Mints Of the United Statss
Q silver dollar Of the weight OF ala $40
grains Troy, Of standard silver. the en-
blsms, devices, and inscriptions OF
which shall conform 10 thoss prescribed
by Law for the gold and silver coins OF
the United States, with such modi-
fcations thereof - may b nssssssfy to
render the said dollar readily distn-
ruishable nom ths trade dollar. and In
the coinage and delivery thereof the
same dsviations from standard weight
and Ansnssu shall b allowed - are pre-
scribsd by law for The trade dollar.
and The said dollar which Ia here
In authorized shall b legal tender ct
liz nominal value for any amount not
exceeding $40 In any payment. except
for Customs, dutiss and interest on the
public debt, and the trade dollar shAn
mot hsrsaftsr b . legal tender.
Sac. Q. Thai the Secretary OF the
Treasury 10 hereby authorized to eI.
change the silver dollars herein author.
lied by an equal amount Of United
States notss. which shall b retired and
cancelled, and not Be again replaced by
othsr notes, and all United States notss
redeemed under this oct shall Be held 70
b q part Of the sinking fund provided
for BY existing Law. the interest to DO
computed thereon - In case OF bonds re-
deemed under the acts relating to the
ainking fund.
sEc. 3. Any owner OF silver bullion
may dsposit the same at the Mints, TO
Be taken at itn market value. ~ ascsr-
tanned and publicly announced from
tine to time by the Director OF the
Mint With the approval OF the Secretary
Of the Treasury and TO be paid for
either In silver dollars or gold coin or
United States notes; or bullion for the
coinage Of ah silver dollars may b
procured In The mode provided for a. to
other silver coins by section 2,626 Of
the Revised Statutes Of tho United
States, the gain and vastags 10 b 60
counted for - provided for in said SEC
ton
senator Jones takss the ground. which
ell Western men will embrace. that W
cannot - . nation Afford to dsmons-
tizs oliver. II In naturally % much .
standard Of valus u gold. and should Be-
regarded q sueh. Germany. to be sure.
- dsmonstissd Il. But II thai any
reason Why The United States Of America
should do sof The greater part Of our
mineral wealth consists Of silver. Our
Nevada mines. the richest in the world,
ere entirely Of silver. Why should this
great production Of tho country BE- do
monstssdr Senator Jones shows con-
elusivsly in his great speech thai The
ratio Of price between gold and silver has
not materially altered in the last two
hundred years; and this in the
fscs Of the frequent assertion
that the price Of silver cannot
b regulated by Legislation. II il plain.
be sAys. that The recent depreciation in
silver d the result Of legislation and
nothing else. And no demands in tho
name Of Nevada and the whole country.
tAas this great poducs Of our ration Be
restored TO Its original value-a demand
in which the people ss larye win most
certainly sustain him.
That Senator Jones II . profound
f~naneier, the citizens Of Nevada have
long Known. But in this remarkable
speech he has gone far beyond the sI-
psetaaions Of his most ardent friends.
He hss proved 10 the world that he has
Usspsd the great financial problem Of
the go; and II his arguments are not
powerful enough 70 prevent Congress
from dsmonstizing silver. we shall lose
our faith I'm the rood ssuss of that body.