New-York tribune., 1876-07-27
THE SILVER CONTROVERSY.

STRUCTURES on THE TRIBUNEs CORRESPONDENCE.
To the Razor Of me fribUHc.
SIG: Your correspondent, 81. l.. w." deserves =
very high compliment if his statistics in Iegard to
the silver question correct Il It saic, hoWtNtf
10 contradict Parliamentary and Legislative Com
mttecs of England and France, composed oi states
men selected for especial qualiii,atonsi The ri'i~h
Committee on Silver of which MIR. Go,chcn was
chairman, after prolonged investigation, reported
that the gross rcmitanccs of silver to India during
tie last four years have been fl5GuO,OOO compared
with E2s 500, 900 in the four pTcyiou~ yeais,'
decline of = 3OO. 600 in four year, or E@..'2J,U"
yearly-ahout $lG.1O0,O00. Yet your correspondent
informs lis that " the surplus silver annually thrown
on the markets of the world hy reason "l the
decreased demand for export atiun t. Iuda and ih'
increased produciouDr the mines Is about - 1oHh-
OOO." As the annual production Of the nliacs has
increased less than $50 900. OGO within rs years
according to Mr.. Go>chcn's COMMITTEE, irom -
OGOOOU 10 c9OOO,OOO in 1SG0, to cl ll,OOO.QU m
lS7d-It is evident that your correspondent knows
a vast deal more about The India trade than Mr.
Goschcn's Committee could find out lie also states
that "the accumulation from the int of these
causes alone decrease of expectation To lhIai u
probably nos far from 53Oo.ooUOoo 10 TiU",o""'-
600" According to thr obviously nllnioimcd lAi-
hamentary Committee, the decline oi c1pofdiIoH
dining four y,arssilcc silver began 10 fall IN price
has been about sGG, 1000, 900. The difference Il
considerable.
Your correspondent also has information abott the
amount which German has to ell. .I' discovers
tAati is 500 900, AMI repeatedly mentions ihdt
precise sum as the amount which "Gcin"HF Stiil
has for sale Mr Gosclca's Commit tee must regret
that they did moi cali your correspondent q, Wit
ness lor. after mach labor, they ici; compelled to
~. ..t. II AZ t.f mn
amount which Is certainly Mt less than tS,"ut,u0p.
with the possibility that IT uay cNc'rd c-o.UuooDo,
Int with tie possibility ou the other na.d, ihlt
considerably large: ,Um ihiI o.. os'i.rat amount
may ultimately br rcgu rcd for uh-.Giary .". u r'
Ii is qEitc "a tha, the more pr,csr aad positive -
formation II our corIcsp sponGcnt was d.a'u adh" %
that Committee and to ;hc very anlr one aipon
by the French Assembly which confessed It's i-no-
rance also.
Your correspondents positive declarations t.l' e
double stand b., an Impus,biy, an "''ui"''y'
and The ike. show that paIIcl Webster Wa, very
inferior p.rsun rs cyusI, I,utiola lawyer aud
Alexander Hamilton = strangely incompetent hgaE-
cirr. for Mr.. Webster sad iu j Gthdt gold ana
silver. at rates fixed by Courrc oonsiiut. 'hc
lrqal standard Of values 100 tai. country, ANA that
neither Congress uor aay State lIs authority I"
establish any other standard or 10 ci-gac' Tins.
And Hamilton iguoiJni.N ohs,r'c', ~ a''I'' '' ''
most advisable aot to attach the init exclusively 10
either of a., metals. because The cduuo. b. 1"H"
crcctually without destroying the o.J,c aId c.'.f-
actcr oi one OF them %, money To
appul the Use # either of the metals ~ money u io
abri gc the GuauiltN Of circulating medium. and /
liable 10 al. t., objections which arse FROM cone
pari,ou Of the benefit, of q fan with the owls "f
scauty crcu.atiuu.'
f. occuI, 10 Iuc that your correspondent NAV
observe that Americans have ouigrown the wisdom of
other ages No doubt. Also they have gone beyond
the point at which they can learn from thc czP'ii-
cncc of othrs couutrrs N this present at'. ihc
ct,at p.uIc of 1873 has swept over the CIVILIZED
world pru,trattng the industry of many lands but
II bg, not prevented the most wo1dcrir pr ,p'H'y
and growth in France. II aufbodG wants 90 be con
,lrc,d unt the double standard :. no an iiupo.i-
bilI:y there whatever II may be- here lrt hiln visit
Franc. and find II IN fll aud .althy operation.
Viii Won permit -uG ,rst!rn Asa Laid-mon'y
man and an Gsrn'st defender "i pubhr honor !
regret to rec tY.sc quc.tous discussed with loose
mes. Of assertion and with iHtc1Pcriuco "f s'ni uy
those 9, no mean 10 serve the cause oi Justice. Nothing
else las done more 10 create Il strong prejudice
oeaiu,t that cause than the inaccurate bui po,iN"
assertion and dogma'lc intolerance of some OF i's
friends. Prior to 1873 We promised to pay " gold or
silver coin" Something more convincing than mis-
tqhcu fgur-s and incorporate words about " cl'ai-
ing creditors" will be- needed 10 satisfy men that We
have 40 right TO pas csa.tly what wc promised. q.
,ftr. OTk July - 1870