New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-18
THE SILVER REPORT.
INTERESTING PAPERS ATTACHED TO 1.-THE TITLES
on soME OF 1uEM-sENAToR JoNES's CoNCLU-
SlONs.
inv rp,,ep.pu TO rgy rR1nUsEj


sloNs.
lRY TELEGRAPH TO THE TRIBUNE
WAeHINGTON Oct. 1.-THE report of the Silver
Commission has at length been completed. Ii IL
now IN print This report was nomnally submitted
10 Congress on the I'd of March last, but was
actually withdrawn by Senator Jones, the chairman
of the Commission. and he, with the assistance OF
Lis secretary. and OF two statisticans has been
al work during the whole Summer revising and eX-
tending IL. The majority report, az 1t now
appears fills 1913 pages. 1t is followed by
several papers, signed by more MEN,
beers of the Commission, either dissenting
from the opinions expressed by the majority, or
treating of some special topics in connection with
the silver question, not disposed of satisfactorily to
them in the majority report An appendix contains
several papers prepared by the secretary of the COM
mission. George NJ Weston, on "Asiatic Trade and
the Flow of Silver to the East" Constitutional
Powers Of Congress and the States in Respect to
Metallic Money" LEGISLATION in Europe aLd the
United States IN Relation to Subsidiary Silver
CONS and "rhe Trade Dollar" 4 separate volume
contains q great number of papers and statistics
subjects relating to the silver question: prepared by
Alexander Delmar, employed by Senator Jones for
that purpose.
The following are the most important points con-
tanned in the conclusion of the majority of the COM
mission;
Upon the facts aud considerations hereinbefore set
forth and after carefully weighing the views presented
% then orally aud witns 10y various persoas, the
mission submit the following answers to inc ques
tons relurred 10 them by Congress:
The rst question relates 10 The causes OF the recent
change pa the relative value of gold and silver ana 10
tue n Of that change upon trade. commerce,
fin icc. and productive u61ros ia tho country
he cus vi tlt recent change Ia the relative value
of gold aud silver are mainly the demonstration Of
silver Oy Germany tie Uni Ell stat s, aud the scan
,nayiau States and he closure u all the III nts III Eu-
rOpe against coinage. These principal causes were
aided bY "A couteIn iiuraucOus dlmlndiiou Of Zoe
dem and for silver AMI by enormous eNaggeratons
actual and prospective yield Of tue Nevada -Ver
u,iur." The effects OF the demJuetZ tons
far accOmp he'd aud ~ tue re,u ing disturbance q!
Inc relative value OF gold and silver upon trade. com
ercr finance aud productive Interests la TINS country
and throughout the commercial world. have been s'.-
uly di-astr0u- and especially To the countries wien
bsv te., nils denOnezcd sIiyer IN when the GOD
standard was Alirady established In all commercial
countries the same pnenUinouE are simultaneously e
rsuted 81 falling prices OF cOniiLudies ana
r.al estate diminishing public revenues, st3ifF-
ins p0ury paid aud unemployed aboierr, ana rapidy
muup. ing bankruptcies. These facts eAsilhg every
where. must arise nom come cause operating every
WHERE ~nd no such H. or can bc, pointed OUT eA
c.pt 10, decrease the metallic supplies from tue ies'
aud cusrqusny the decrease Of u'ctdi1c mohol feh,
n, ~ ~ OpulatOn aud commerce since Dout 1000 ana
tne arg and sudden decrease OF nclalnc inobty
eassd ~ ria destruction OF lac money luhctohs oI
one of LIE precious metals. Tis distress dates with te
4. Of tp. ulird OF February H. 1878 anu the
law of GeranY OF July, 1873, giving practical snct 70
ure gios dscreo OF t.st EIIp re oi December a. 1871
Tor Tue o,tan shmeut OF a single gold standard
me ,eoOus aursflon covers tIe points OF the
lar ilnu ~ ,lr double STANDARD IN ls country, ana OF
fas hal legal relation between 20 ana siFer Inc
recommend the restoration OF the double
standard unrestriotsd coinage OF boeh motanI