New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-27
RESEMPIION NCN.
THE BE WAY OF BRINGING BACK PROSPERITY
THE DANGER or USING SILVER

THE be WAY OF BRINGING BACK PROSPERITY
THE DANGER or USING SILVER
10 me Ed,tor Of me TrtbaHc.
SR: There is one argument in favor Of re-
.,ft,ou So :rons that Il cannot possibly Dee counter
vailed alt t.ink al times even the strongest anu-ie
sumrtiJuss have admit-cl itstransccndcnl importance
Il q hat mes sU alone can give as some certainly
II stability our currency. The h'er contention De-
rweeu advocates oil yaiou, courses Viii continue ndch
.i,ey until resumption is reached, ANA tbs coa'en-
lion and uncertainty seem to DE powerful Influences 1t
work 70 rcttrd rc-u-nug prosperity Tie course which
tie National banks ready io afoIt removes go
last d1ruiIc- Ale way 81 site and certain ies'iA-
ton II has seemed doubtful IL Tie G'yatumcAt a'lt'
..i.;. probably an insufficient supply @. sold ol land
eod ic,is, the fierce attacks which worl h' made ~
combinations OF gold sp,c5l.to"s. gha hau-. ar,'
r. In con .crt on Nr. Goes plan, .ui 100 co-
operation with the Treasury Department. could certainly
crush Gus SUCH ert AID even prevent tcis being made
By resumption. OF course, mean gold resumption cS'
rlusiveiy gold.
The affel-' Of the silver miners 10 have
silver madca legal tender 10 Indefinite amount -
SIMPLY an fort to make tic community bear tie io5
which they suffer by tie production Of silver and
as this Oyerp;Oduc,On is lidely 10 De enormously ne
creased by new mines Just comng into operation n
South America the l0,s increases pron0nionaely Even
this loss might De luos9 ideally borne. If h do not es-
sentlaly involve the Introduction Of enormous confusion
yer IN London masses o. American gold would be
thrown n-O boxers at s t)r d pggat 90 seq W ptf
cent can be mtlC by bu, lug silver 200 London having
coined "a an American mlnt converting American slFtt
coin INTO American gold tacu using ms gold again 70
buy silver ina London and so GA, ~ Is evident t'i it WIZ
be done on vast scale. Thus maE cNlcct io SEE" our
gold CON swept away IL viii Doc impossible O. hctp tAe
two metals IN clrcuiGt tolctLe. b. >y'r Is maat
Zeal tender IN Sums So The desires and Interests
of the miners are most clearly illustrated Dr. t0 cli
spuitu VINO tells lis shat I'D the very htl-hJoiAoo1N
ihe mIJcS silver is refused as currency IN 'uii' 81
over - The action the silver mnc oN aiH SIMPLY
am tfeupt 20 obtain legislation tu lOrtf ilr community
tp receive silver Tor tiIu 10 s NOli n lati 3"
rate largely above It's value. Al ne ln, i.nc le
saw that Is tO charge tr Pc pc a. tc vs.
WHO ad.ocuie silver currency, WIN Ccup'-at' Hai.
e,ty as done 10y some papers Iuer ieeAs = '. ~.
iufr>. desire FOR prosperous ti,s' ui inc '''"
brru u,iS.cd mo the belief, th"t hl fNp'ii jig n' '
r.ury n almost any WY, PROSPERITY may zee Ut i.i'I
II is The 1ctyy 81 business that thr} desire nor l ~
nortuut Is sometime charged, ui pay h- u.n1' DID -
,rr,tld currency. Dishonest peopl" at. MOI t"-e -
nav dents In any currency. But tAe OPINION N hO.
IN. les. "a d,lu,iou. silver must ~ the pie't.'
.andiron o thus awe out gold, 81 ma0r '-1l' ,1'i,
10 any extent. and 10 have payments mao Oh hull''
and Thousands Of dollars M heavy, uu'l sH'ttMl,
tiouolV>'ul. III. u,, ,,r.,-,,,rfv CWlS
PhttQdeiphid, Nov. IL, 1877.