The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1877-12-19
HILLSBOROUGH. n. C, DECEMBER ls, B7V: 1.
rllE FINANCIAL UarEUHlsM.


THE FINANCIAL gATECHiSM.p
s'aa From the Chicago Times. ata
70 -what was the American coin stand
anl2 sah vsl bst saa aelal 4dl H48
A--The silver collar.
Otis weight.
A-Four ilandred and twelve and one
Q-Wllat was the gold equivalent?
A--lweuty -ive and eigll-tenths grains,
nine-tenfhs pure gold.
r Q-Ther erelatire yaluei yggTfrRI
A-Slxtcen ounces Of silver to- one of
aoLl. LII UkID .ILlEtt
Q-IIow long had the silver dollar bees
the finit OF American valaeA r a7isas t 4
A---Por more than eighty years. 2
Q-Whep was il demonrtized 7
Ia,fs73 aud 1871, first hy dropping
the silver dollar from the list, Of eoips n
revising the laws relative to the miils. aud
second hy making the guild dollar the unit
ni ralue..
QT7ilpw was this change accomplished ?
A-ste5lralIy and fraadniently by with
holding the knowledge Of the transaction
from The people. sitting discussions. aud
ileceiying even the President aud n,any Of
The Cungressmrn who voted for the change
hy r"nceaiing the real purpose and effect Of
the acIs. .gf, = w, y
Q-Mhat was .tle prrpoSe s,,.a fze,s
8 A-Tu give the cseditor ,llss The right
20 exact ayment ~ single coin which
wnnpl hpye u lgresteryalue BY reason d tile
exclusion Of ilsnnale from monetary ser.
vice.
O. What is the. present value Of the sil,
yer dollar. 'asass
A-rTheie is no SILVER dellart
Q-IMlIat issthe bferfln yi.lae Id gold Of
the amount uf bullion which would consti-
tutrithe silver dollarlifsremonetissds
A--I,etween 90 aud % cents Of the gold
dollar
Q--wiil Is not he unjust. then. To re-.
siwe The silver dollar u ihrsf rallo VI va.
lues!
A-No. M.s..-
Q-Mhyz fHH 7fa Nj sHr
Ar --iieranse the, monetary use Of silver
will enhance It's value. at 80 q
Q-Whai leads 70 this conclusion?
A. because itawps tie drinne; iEatior
nf silver ~ Germany. Holland and the
unitrd States 81 ahonLlh The same time whIcl
threw between S2OC,OOD. OOO aud $780,.
UJo. 900 "a slhtr buaIlion oil tie aarke
aud hrunght oIL the depreciation. .ftf>
p-Wiil the reconciliation Of silver in
,lie United States give monetary emilu,
mrnt to Us much silver as was thrown Out u
use hy the German demonstration
Is A-UI,inptsly, jast about The same a
mount. mud rhus ,e>tore the equilibrium.
Q-Mhy not increase tie weight Of ih
silver dollar. say frum I6tto l6t u =. III
ofder Ia insure Justice. sIkst
A-lSecausc sieh an Increase. in addi
tisp o. ths new vanse scgnred by!s,e us,
Ut silver as mvney. wOull render tie silyel
do!larInoreyalaH than the gold dollar
aud fllis w6nld drive The siircr dollIr ou
4 Of eilcula:ion. asa aafszsz e atls
Q-But suppose the silver dollar. erel
at the raIe.oi lc % i, Should still GecOm
more valuable lllan the GOLD dollar?
A-'l'hen Il would leai to an agreenen
with other i.aiio,.s psing silver u money i
fix The n,iio,ss Z q " dc world o,er--
the ratio nos prevailing 10 tie LATIN Uu-
\ ION.
O. Would thisipsnte q permanent equa
liza,ion OF the two metals Is money!
A-wiih the cogcurrence ot all The lead
ing commereisi nations Of the woIll. it Gel
iaInly would.
Q-lIut. IN the event that those progno.
tieaIions fail. and tho silver dollar shall uu
be worth inofe than 80 cents. will bot al
!, injustice be dU1e the creditor!
| A--N0. 8k .8 .sA
! Q-why2
| Ar Because The great bulk ef the pres
ent debt, were contracted A time aud i
currency when the creditors lvahed OIL
aLaut 80 or 81, cents in gold. aud expecie
to ba paid ~ lhesalne currency They vii
nol b. swindlsd il they receive from 30 i
Is per ceni. u,vle than hey loaned. O,e
aud above The interest.
! .sQ-sDoes.iilis aptlS 70 lhe public cred
tors, the lpldsrs v government bondss
I. A-Unly III part.
Q-Thep. wall not the public creditor
be dsfrpudcJ by payment 10 silsefs
A--N No. ftat8
Q-Why2
A-Because Congress pledged the faii
Of the nation. aud the bonds expressly u
puisrp.rsymuht. MT in gohk but in col
10 he Aahdand sAIhe ~ ihs United Stat,
On Jaly "a. is50.' which included silver ,
,dassIt asl gold. GE0IToo
Q-Did the foreign purchasers Of u
|, bu,as, =, unaersta,,d ~ imrral
Alphabetically else they would NJ
! have beslirredl lthensels,s vigorously
Il ..s