, 1877-12-01

| WILL enLlhnco ita vAlne?
| Q.-What leads to this conc1usion7
A.-i,ccanso 1t was The decentralization OF
silver in Germany, Holland, and the United
| States At hbout tho snme time which threw
| between $500, o00, 900 and s10O, ,OO0, coo OF
silvor bullion on tho market md brought on
the depreciation.
Q.-Wll the reconciliation Of silver In
tho United States give monetary employment
to AZ much silver Al WIS thrown out of use
by the German demonstration?
A-Ultimately, Just about the same
amount, and thus restore the equilibrium.
Q.-Why not increase the weight OF tho
ailver dollar, say from, 10 to 1c! to !, in order
10 Insure juatice7
A.-Becauso such an increase, in addition
to the new value acquired By tho use Of ail-
vcr Is money, would rendor tho silver dollar
moro valuable than the gold dollar, and this
would drive tho aiiver dollar ont Of cirouia-
ton.
Q.--But suppose the silver dollar, oven at
tho rate Of 1C to 1. shonld atill become moro
valuable than the gQld dollar?
A.-Thon It would lead 10 an agreement
with other nations nsing silver as money 10
fix tho ratio at 151 to tho world over,7-thc
ratio now prevailing in tho Latin Union.
Q.-Wou1d this insurs permanent equal
ization OF tho two metals rs money!
A.--With tho concurrence OF ait the lead
ing commercial nations Of the world, It cer-
talnly would.
Q.-11ut, in the event that theao prognos.
t;oations fill, and the silver dollar shall not
be worth more thnn % CENTS will not an
injustice he dono the crcdIsor7
A.-No.
Q.-Why2
A.-Becauso the great bulk Of the present
tlebts were contracted ut tirno and In cur
rancy whom tho creditors loaned only abont
80 or 81 cents In gold, aud expected to be
paid In the sau,o currency. They will not
be swindlod If they receive from 10 to Ii per
cent moro than they loaned, over aud above
the interest.
Q.-Does this apply to the public credit
ors, tho holders Of the Government bonds2
A.-On1y in pnrt.
Q.-Then, will not the public creditors DO
defrauded by payment in s,lver7
A.-No.
Q.-Why7
A.-Decauso Congress pledged the faith of
the nation, md tho bonds expressly stipu-
late, payment, not in gold, but "in coin Of
the standard valno Of The United Ssatcs on
July IA, 1870" which included sl1ver as well
rs gold.
Q.-Did tho foreign purchasers Of tho
bonds 80 understand it?
Alphabetically; else they would not
have bcatisred themselves go vigorously 10
bring about tho decentralization Of ono metal,
and thus enhance tho vnlus of their credits
by making them payable in tho other exclu-
sively.
Q.-Whoroin, then, consists tho swindla
which is so generally charged In this silver
dispute
An the original and sur1eptitious de-
monetization scheme, which sought to con-
tract the coin currency In the intesost Of the
money-lcnders.
Q.-Whnt effect will the reconciliation Of
silver havo on resumption2
Alt will hasten resumption by adding
hundreds OF millions to tho coin rcsouroos
Va tA0 AhkAQA*
Q.-Will tho failure to remonetize silver
rotard rosump.ion7
A.-1ude1nitely.
Q.-WhJ?
A.-Bocauso tho nation cannot command
sufficient gold coin III which to resune specie
payments.
Q.-1s not silver much moro bulky than
gold?
A.-Certainly.
Q.-And IL not this difference a grave oh.
lection to its restoration to money uses?
A.-some objection, but not very grave,
and certainly not fatal.
Q.-Why not?
A.-Because the great commerce Of the
world ie transacted in checks, bills Of o1-
change, etc., and these various certificates
are no more inconyenient vhon they ropre-
sent silver than when they represent gold.
Q.-Then wherein Is tho objection to tho
Of ailver7
A.-only in tho added patcs Of those who
hare not the brains to analyzo th~ situation
aud estimate the relief remonetization will
afford, aud in the inordinata greed Of the
Ahylac1s, who are not satisfied with rcceivinu