, 1877-09-15
TIE PRECIOUS METALS.
An Argument for the Renonetiza-
ZION of Silver.

An Argument for the Remonetiza-
lion Of Silver.
Speech of tho Hon. Alphonso
Tnft, OF Ohio,
Delivered at tandusky on Thursday
Evening, Sept. Is, 1877.
FEttew.CtrfzExs: II alE taws prescribing tho
form ami denominations Of coin, and giving to
them The analitY Of legal tender. were repealed.
guild and sttves would ttila be thc practical mras
uses Of salaes for tho world, ~ they were before
coinage began, when "Abrahnm weighed 10
Epbroa tho silver. tho price paid for ''ths care
Of Machpclah." and an they nse now in China,
where syer u tho only currency, and pasta By
weight. without regard to it, form or cofnaoc.
Their ndcsructfb1c and brilliant qualities, thetr
convenient dssislbt'ity, their surenc.s fnr other
ntes, and yet their snAlciency fot a medium Of
change, and the utter want Of anY nt!lor nttai OF
,nntctIa fitted Tor universal currency. hare long
since nxca their destiny. and every attempt bv leg
la1a!on tn pervert defeat TINT destiny becnn
rtpnal failure. Accumulated by The Mntn2 indus.
try Of ages. they now oxtst a. reliaale anh con.
stant 0f the values Of all other pFaIcrty
In The world. Our idcus Of ptcnntary snlncs
havc originated in tte,t. In ttcr quality. md the
cost Of producing them. llow poorly tho po|iicai
world appreciates the universal blessing whc!.
Providence has furnished 10 mankind. TiIe quan.
tlty VI thcse metals that has been mado available
by t.c labor 1T t,nn, IN MI past time, and w1cl,
nnw rcinnlns n use nmS,!nts 70 not iar from Ign
lhuusnna millions of loll1fs md IL anlosi equally
divided hctween guild aud tllser. rs cDins tnry
aTe .Iutabla. ''Nnst doth not corrupt them" 1hcy
nso convenient. and every con is n,edn. Coins
asr brought iO our time Ilportnht Historical facts
/ tron remote antiquity, md still lave bcen con-
tin!aliy nsed % = true an.l convenient hlcasurs
The St erf :. sna m
,housant millions. tna prices 81 al property wo.!d
salar, nor hat t,e reduction oi tic sntro amount
ty In the exnct proportion OF that reduction. nut
ihat prices d. very LATELY dspsnd son ths a.atl.
S 81 tao 9iseSs S %as e'a' ana 'n''F
T'lc4a metals ssuyc use foF which they seen, TO
hayo 1een aSiu!y .e. apart =. rsy ,s nSrfosm Tho
tsrchanacat.e propst'y. Ii thcy weto moto plenty
thsy womb Sc cheaper. aaa price. woaia Ss
SSsSs Sssrs sa1 and u sy s Ds f ss, f{ Ts @
efease IL iae wurli las Kept paco VIII thrir con,
sumption In tt!u arts, their loss by friction. aa
population nt,d wealth.
during which men lIaso been At work in ths ,nillcs.
these metait havn not sfuwn IN quantity. ~ com.
Will! 1sass ana a ts ssa TO- weh tsy
esptils a. IL b. ctcesei oily by tho cvtllpssison
Geld and silver have. therefore. held their own
with nsariy constant ratio I'LL the present cen-
Ia nl7o7, EnE,nna. while enraEea in the conti-
lsMts Up I" THAT tft.,e sns iad. Ike tho rest Of
thu Wutld, use1 tho Muuha H1aMdafd Of Etlu nt1l
s!fsrr: hIt H,lspci!tlon of srucle payments cun-
tlnucd about twenty-five years. In ls:1. before
wIila nasti,cr n,ctai was iu actual a.c IN scI ot
Parliament wns Eot through 'cMonctlxin. silver.
BY lt'.a;.,on nas bssn taat White lint .ea,uso @
gland. and waa pccunlarlly trnchxtaa 10 what llas
ascn ssl.sA tug r!asossacs. w!,sa s9s sssu,npsson
stood nonu In her exclusion Of slycF her position
aee sthss snn hs 81 roa we
| sorued bv Grcat Britain, ana was II much tn de-
lit IN ls7i ..ho ot1rrmau Empire, which PRIOR 10 ,a.
time had thu ssnglc standard of n,ssF, Gnl which
haI Just cxactc4 i've niagds ot gold ftaua Esuscs,
Gas 'as'' ssss stS 's5 s5s vi
dnllar teacept THO trada dollar fur use IN Asla
which NEED M. not 30 rast!sa!ar!y not!eea @ herey.
etization. III ls7U. france, Italy. belgium.
sase H. 'LssSs @ e Un!on sss s:' Mts!ns Mt !S ~
cosnEce " silver ~ tllclr respective Countries. tt
p5sise; ,sn.sys. ,t' tas @ nx .,
tria whose spcciu standnrd ~ silver. nte, uisocr
sus',ensl9u of spccIe p"ytacnts. fnsnlsinx ~ aar
Ihs action Of tho loutlIhY commercial nntU1!s u
tAc world accounts for the pre4snt depreciation o
silver.
Whether silver sAal bs ref,onctlzcd and On whai
tesGa hnyu bcco,ne questions af paramount itl,'
n1 rc.usnptl0n Ut speclp bayn,un's. In, tlec,uct
" III Iasur q eo'npIetu rsnunetixaton, and of tist
co'sags Of ll!e stlvst doliar. eontaintns ~ ~,
| Nlfi HtLfl Irsr