Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1876-04-19
TaE SILVER QUESTION.

hsnca the valve q: silver. or rather to
prevent q permanent di:ninution of its
value. j. shorii re borne in mind that
the immediate cause OF the present de-
probation is not SO much the Increased
rroiuetinn as it is the sudden increase
in the supply created by the measures
o; characterization adopted by several
European nations. Ii therefore We
shall devise legislation by which silver
may be liberated in this country from
the discoun, now placed upop it. We
must at the same time prepare either to
receive the fool OF silver which will
pour in upon us from Germany, or else
provide for Us exclusion. If the thirty
lai!.!oas o. h,nished German thalers
can be exchnng-d for gold more profita-
hiv here than AT Frankfort. they will
come, unless We place tariff on foreign
silver-ccinei cr Observation-Disclosures 10
prevent their intuy. We are not pre-
pared to say that it would not be better
policy TO invite rather than exclude the
iemonetize,i silver Of Europe: We merely
suggest that ii /; be advisable to keep it
cut. then such Jesuit may be accom-
plished by taking silver Of the free list
and INJECTING I siuty ~say OF fifteen or
twenty cent an ounce.
But the main problem presented is
the creation OF u market for silver to
take the place Of that which is now
closed by decentralization Of it. The
substitution OF subsidiary silver coin
for the fractional currency is well enough
as far as it goes. Il viii take about
;wenty-siX millions OF silver to accom-
plish the change, and viii doubtless
stop for the present the depreciation.
But 10 give enduring relief we must
have some broader ard more permanen.
measure.
We susges. tina; TIE presen; trade dol
lar Of four hundred and twenty grains
o; silver, nine hundred fine. be declared
tie dollar OF the country, TO be received
Is snch in any amour, Is legal tender
For all debts. public and private. where
the debt is not by its terms directly made
payable III gold.
Let the greenbsck be redeemed in
these silver dollars: let tine national
hanks be authorized to exchange their
currency for them; let the salaries and
compensation OF all government officers,
employees aud contractors be satisfied
with them; LET them in shor. be paid in
liquidation OF all government indebted
ness except that interest on the public
debt which We have specially agreed to
pay in gold.
We would even go farther and receive
them for customs dues. AMI when gold
was needed TO pay the interest on the
public debt let the government go into
the marke, and buy the necessary gold,
even as i, buys beef for the army and
coal for the navy. This nation is now
the grea, silver producer Of the world.
4, is reasonable to suppose that during
the next ten years We shall exhume one
Thousand millions OF dollars worth of
silver. The use of silver in the arts and
manufactures will probably not keep
pace with our increased production of it.
II then We permit the powers of Eu.ope
10 demonetize and degrade it withou. an
sifo.t on our part to maintain its value.
or, in other words, if We allow France,
Germany and England to shear" silver,
without ourselves endeavo,ins to bull"
1.-THE loss will be ours.
We can not now say-in the absence Of
access to the law-whether the principal
of our national bonds is made payable in
gold alone. or in "gold and silver II,
however. there is an "op;ion" with us !
We wonli not hesitate for an instant to |
exercise that option by paying them in
silver. Whatever is nominated in the |
bond" let the government fulfill to the
very letter, but there should be no mag
unanimous deviation from that letter in
rider TO swell the profits of the subjects
# those foreign governments which are
TO shape the finances of the
World to their advantage and our loss.
Nor SENATOR But REPRESENTATIVE
raURaAS.-The telegraph, after report