The New York herald., 1877-10-19
HERALD FRIDAY OCTOBER 49, ls77-TRIPLE SHEET

the dignity OF the government 20 demand any advan-
iages winch the law ana the contract made under 10
do not confer. II would De violation OF jus,ice and
betrayal OF the grca; interests conndec to IT'S charge
TO accept anything less The government IS ar agent
and must hnd tie charter and guide Tor the adminis
Tatlon VI The aiairs intr usted 20 II IN the law and
not n sentimental emotions The attempt 10
brighten the government from exercising Its un1oubted
rigEi 10 pay us bonds in the cheaper meta by pro.
claiming that u does SO It's honor viii be tarnished
anc Us credi; impaired at home and abroad Is un
worthy o. consideration. The punctuai fuihment 10
the letter OF all obligations Is the sup
port OF the creGt OF any country lts honor can rest
permanently IN peace and war only on The PATRIOTISM
OF IT'S people, which Is sure 30 30 weakened y their
substance s Is taxed 70 pay premiums Tor 'ne applause
that has never made default IN its promises II has
never taea TO mee, punctually anc fully all IT'S obga
lions We are largely he ieotors OF Europe. resa
ton We do cot occupy toward any otner quarter
OF the globe Tho aggregate Of our indebtedness, pub
lie and corporate held there, estimated 10 exceed
81 000, oo0 000 and is on any computation,
sum- Iuis taken at 1000, 900, 600, the annual m
tercs, must be fully sloo 900, 900 This is the min
mum OF the current estimates 1t is not tribute in
the odious sense OF contribution exacted BY
cregn or imposed by conqueror bu, 10 .is present
financial effects 10 does not dii:rr from either, and
there has never been any parallel 70 Il IL history.
ancient or modern So Tar as u Is true, as Il doubt
less Is 10 some extent thai our Indebtedness 10 Europe
" paid from the sale o. commodities elsewhere, the
United Stntos, as dcbior country, IS Interested
against sucn diminuton OF the WORLDS measure OF
values as would result from dcmoncuzing silver and
ought 20 throw the weight Of It's example and in
The investigation shows that tho produc, OF the Big
Bonanza thus far has exceeded $50 600 during
the lour years that mas been WORKED making an an
nua average OF about S13 600 00O OF which ortyl five
per cent was gold leaving tor the average annual prod
uct OF silver from this ore body Traction over
$7, 7,000, 0OO Taking al! the mines OF the Comstock
lode together during sixteen years of unprecedented
activity IN mining, assisted by the most perfect
and powerful mechanical appliances, there have
been found twelve thirteen bodies
which have yielded altogether about S24o, 900 900
annual average of SIS, ,o0o 600, which about
u
$I,s75,OOO as The average annual production
OF silver. The silver product Of iae State OF Ne.
vada has been colated only Tor the SIX years ended
December ~, 1870. During .this period tho average
annual product l3000.oo0 and Tor tho year 1870
confidently stated by The Reichsanzciger The silver
product OF tho United States during tho same period
was 9 slSe asm nns an r 1snaa Ss m o.
S3s 100000
When these returns are contrasted with the com-
putations which havo hitherto oblaned currency u
Will pc seen that the latter have uniformly and greatly
exaggerated tho production OF silver IN this country
IL is one OF tho common estimates that IN lS4S. the
date OF the California discoveries, the bullion value OF
tho worlds stock Of pate coin and bars was
SILVER, but of co!a and bars alone 81, 200, 900 900
In gold, apd s. 20U, 900 III silver The
total production Of gold and silver In the
being an addition OF only IL per cent TO tho total
stock inclusive oil plate or o IS per cent TO tho stock
IN the same years was $3.50 900, 600, which ad
diton OF 20 per cent TO the entlro stock oil gold, in
CiuunB ana tho stlil greater ADDITION oil u
per cent TO the stock Of gold III bars In ths
twenty-thrce years ending with 1875 the aggregate
production OF gold ana silver was $4,5s2, ,ooo, oJ0,
which was an addition OF 81 per cent 10 the stock
In lSiS OF com. bars and pGlc and Of l35
per cent 10 the stock OF com amt bars. But in the
same twenty eight years the production OF gold alone
was So, 2l5 600 0U0 TINS addition TO the gold
stock IN lSlS coin. bars and plato OF lis per cent
and TO the stock In coin and bars OF 2bS Der cent
Estimates OF the amounts OF tho worid's STOCK OF the
precious metals IN ls4S any year vary considerably
but on any estimate two facts illustrated tnal
anA gt nft tha
slowly and that tho stock Of either OF tho metals
is more exposed to eccentric enlargement than Is tho
aggregate stock OF the two.
ABUSES IN THE SALE OF POSTAGE sTAMPs-sEN-
AToa EDMUNDs BILL FOR THEIR PREVENTION.
The bill introduced by Senator Edmunds to prevent
abuses in the sale OF postage stamps and stamped
envelopes provides that no postmaster deputy
postmaster or other person entrusted by the United
States, the Post 0flce Department or tho Post
master General with postage stamps stamped
envelopes shall sell dispose OF the
otherwise than In the regular course
OF official business at their aco value and ior cash on
delivery. 1t also provides that any postmaster or
other person who shall violate the provisions OF tho
preceding section shall bc deemed guilty of cmbczzlc-
mcnt, and shall. on conviction thereof, DO punished
by emo not exceeding $1,000, or by imprison-
ment not exceeding ono year, or both said
punishments, in tho discretion Of tho Court
In conclusion, the bill requires tho following aGtavt
to bc subscribed and attached by postmasters and
deputy posmastors OF their regular quarterly
returns:-
a do solemnly swear Tor aflrm) that have not
since making my last quarterly return, disposed OF
any OF the postage stamps or stamped envelopes in
my charge for salo otherwise than pursuance OF
law"
SPEAKER RANDALL AND THE COMMITTEES.
Speaker Randall mas been subjected to pres-
regarding the appointment Of the Standing
mitees, some members wishing TO choose their own
positions on them, and outside part cs have made in
auentia efforts TO influence him the sub
jecI Hence he Will at his home Philadelphia form
the committees free IRON interruption and unsoc.
tied advice.