Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1876-07-30
TIE PRESENT SILVER BILL.


Bulletin to hand, we find considerable
adverse criticism on the silver bill at
present before the House. and alluded to
at some length in yesterdays issue. The
Bulletins objections are we'll taken, but
are. like all the San Francisco state
ments. biased too much with desire Ito
overlook all interests but San Francisco's
and to totally ignore the grea, interest of
Nevada, the question on which the press
OF the State is unanimous, the measure
that Jones has been trying to get affirm
alive action on in Congress since the de.
probation commenced. The Bulletin
says " it is law Of finance that the in
ferior will always drive ont the superior
currency. " 10 the words of the i'm
mortal Patrick Henry, " Let her drive"
The Bulletin further says that the bill, il
passed. will infct incalculable injury
on the country at large, its material in
terests. and its fair fame. " No public
measure is wholly perfect. There is
always little of evil mixed with much
Of what is good, but in this bill the slight
amount OF consequent evil that may re-
suit from its adoption, will be vastly
over-balanced by the good results &C.
cruing to the country at large. without
particularizing the good done to the sole
interest Of this State. It would OF course
be idle to deny that California will sut-
fer this Fall from plethora of silver.
But such loss is the result of its present
coursein refusing to acknowledge the inev-
liable appreciation of greenbacks to sill
yer. The bill recently signed by the Pres
ident will, at best, have a tendency to
introduce greenbacks on the coast. BY
California's present action, the State is
benefiting the brokers' who import the
silver from the East to get the premium
that is still paid. As soon as the tide
stops or turns, trouble viii! commence
and the farmers and country merchants
will be the chief losers. But this is
foreign to the subject. Leaving out OF
the question, the idea (worthy of eabo-
ration) that as matters stand to-day,
gold is the standard OF value for the rich
man and silver the standard for the poor
man, the matter stands this way, the
Bulletin to the contrary notwithstanding
-. Silver is to-day the standard of
value among more than one-half Of the
human race, gold and silver together
constitutes the standard for four.ifths
of the remainder. gold alone is recognize
ed as the standard by the remaining
one-tenth. Should majorities rule?
The Bulletin says it would be dishonest
to pass the present bill. When the
debt was contracted. tho people had the
option OF paying in gold or silver.
Should that privilege be taken away
because by speculative European action
silver has deprecated? Where is the
dishonesty? English and German
money changers combine to coerce this
country into partial bankruptcy and it
Is considered as good business
transaction. When bill is intro
6uced to protect our own indus
tries and block the European game the
cry is raised that is dishonest The
European holders Of American bonds
cannot complain if America keeps her
pledged faith. We promised Europe
buy our bonds aud we'll redeem in
coin.' This we propose to do. Debtors
certainly have rights that creditors are
bound to respect. 1t is SO nominated in
the bond and has no flavor Of dishonesty
about it. Had the thing gone the other
way, had gold deprecated, We wonder
would the Bulletin haye grumbled OF
paying the public creditors in the depre-
ciated yellow metal. If the nations
faith was imperiled one jot or title by
such action as the bill under discussion
purposes it would deserves defeat, for
1t would be lesson in fraud and
dishonesty that we rs q people could not
afford to inculcate. The Act of February
20, 1862, authorizing ION the faith at
the United States" the issue OF Treasury
notes was simply an episode. departure
from the old established law of currency
and justified only by the exigeucies of
the occasion. The passage of the bill
now before the House would be as the
safe anchoring of a storm-beaten vessel
In the old protecting harbor from which
she sailed on perilous voyage fourteen
years ago.