Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-04-12
rlrx sli.vEn QUESTION.

II President Grant signs the silver
currency bill which has been passed by
the House al Representatives and the
Senate. and. judging by Appearances.
there Ia no doubt that he will. silver coin
viii at once be reduced to u par with
greenbacks and fractional paper curren-
cy. II twenty-five cents in silver In CIV
en- by the Government in the East for q
twcnty-ave-cent stamp, which has up TO
this time sold Ut n discount for u hard
silver money. Of course our hard silver
money must come down in price 10 the
standard Of greenbaeks. This fact has
been creating much commotion Of late.
and. ~ VIC think. without adequate
cause. To be sure. the price Of silver
will come down-it has already come
down. But the result Of this bill will Be
TO provide q uniform currency all over
our country. This isa great advantage.
10 attain the benefits Of which we have
struggled for years. The poor man In
the East who Wishes to emigrate 10 Ne
vada OF California. will not have to sell
his m~iserabiy deprecated stamps Tor sil-
yer al . great loss 10 himself no can
come 10 IN with the Same money which
he has used al home. and make IL avail
abel here 90 he has done In the
East. A dollar now will represent q
dollar all over this vast country. a. II
did before the war devastated the land
and plunged nj people into a sea Of
debt. This ID certainly q great point
gained. and . most important step to-
ward the resumption Of specie payments
all over the land. which is the only thing
that al give us q commercial standing
With other countries which use gold and
silver exclusively a. q circulating medi-
um In trade.
The argument adduced by interested
parties that the result Of this bill will be
10 drive gold nom our shores. and TO de-
prcciats silver. Ia fallscious. Gold Is
our standard and will remain with m.
So far a. the depreciation Of silver goes.
Il Is already DEPRECATED. BY the terms
Of the hall silver IL made q legal tender
for from S25 to $50. thus relieving the
poor men Of the Pacific Coast. who have
hitherto been forced to pay for goods in
gold for all sums over Ave dollars. Thus.
while the bill Ia meant TO benefit the East
by Fastening the resumption Of specie
payments, IL 10 also intended 10 benefit
u coast. by authorizing the working
men here TO spend the silver which their
employers pay them at par. ID Is Diff
ncult TO understand Why any man ON
this coast should fight against this bill.
10 is In the interest Of the working
classes Of the East and the West. u IL
mot In the interest Of the millionairss Of
California or Nevada. who have. up 10
this time. made the premium ON gold by
paying their workmen in deprecated
silver which they could not spend before
converting IL into gold. And this fact
probably explains the opposition which
has been made 70 the bill ON this silver
producing coast.
The immediate effect Of the Presi-
dents signature to the bill will be 10
inaugurate . steady now Of our silver
Eastward. Our market. which h O
glutted with silver. will be relieved, and
the natural result will be that silver
coins will regain their old and proper
position. nearly on a par with gold.
No better measure for the relief Of the
Pacific Coast could have been adopted.
while its benefits TO the East win be Of
untold importance. By all means. let
us have the Silver Currency bill made a
law by President Grants signature.
Then We can congratulate our Demo-
cratic brethren on the fact hat with all
their stupid shortcomings they have
done at least one thing worthy Of
praise,