Nebraska advertiser., 1877-11-29

To the Editor OF the New York Tribune:
SIR-In your editorial of yesterday,
on the silver question. you say I'VE
make a broad distinction between
them and the bi-metallists. The lat
ter think specie payments can better
be sustained by the use of the two
precious metals than by one" This
is precisely. what L have earnestly
urged i'm letters which you were kind
enough to publish, but which. | regret
to say, found no favor with our lead
ing journals. And this is precisely
what can be accomplished with the
consent and corporations of such
Journals. In taking ground for con-
stitutional money standards the press
O. would disarm the ''inf1ationists, 4" re
pudiators," "demagogues," etc,
whose malignant influence is always
to be dreaded. Let the friends of re-
sumption content themselves with
the money standards Of the constitu-
tion, and a solution Of that question
will soon be reached. Resumption
without prosperity will prove alike
temporary and disastrous. Our specie
basis should be as broad as possible.
Congress is invested by the cOnstitu-
tlon with full power. The SitUer and
gold dollar can be made Of equal UdtIe
Neither has any money value without
the "superscription" of the govern
ment. Silver was degraded" by its
decentralization, while gold was ap-
preciated by the passage of the law of
1873. Repeal that law, and authorize
the coinage of the silver dollar equal
in value to the gold dol
lar, and we shall soon realize the
truth of the proposition which you
deny, namely, that silver and gold
find a common level"
Resumption with one stan dard will
signally fail. The basis will be too mar
row. But, by Rvailing ourselves Of
the double standard, both equally pre-
cious in the language and spirit ofthe
constitution, Resumption and Pros
perity, twin financial hand-maidens,
will scatter their blessings bountiful-
ly amidst a rejoicing people. 1t is
urged against the double standard
that the single one has been adopted
by the Latin Governments, and that
for this reason we should voluntarily
deprive ourselves of one-half of the
money power of our country in work
ing out the resumption of specie pay
ments. To this reply, that our first
duty is to be just and true to ourselves.
Silver and gold coin are the moneta-
~ standards Of the constitution. We
agreed to pay the national creditors
the interest and principal of their
debt in coin. We have for twelve
years been paying interest, in gold,
apen more than $4,000. 600, 900. The
bondhoiders. while gold is at prem
.ium, receive largely more than the
per cent. nominated in the bond
And their premiums, as has been tru-
Iy said, were squeezed. drop by
drop, from the sweat of labor" Now,
labor has borne, with exemplary pa
tience, quite enough of injustice and
oppression, and it behOoves Congress
and the Administration to bring their
best judgments and their paternal
sympathies to the consideration of
this question. When the insidious
law of 1873, demonetiZing silver, shall
have been repealed, We shall be pre-
pared to confer with other govern
ments In relation to the double or sim
gle standard. International con-
crosses have been convened
for the consideration OF
far less important subjects. Mean
time, let US hope that our government
will mature and establish a financial
system which will equally protect the
credit and honor of the nation With
the prosperity and happiness of the
people. L. w.