, 1877-09-14

Francc' ~ tn1g
HfrEee aSslnn
tfy. .....s..,..-.... ~ tnDn
apatn. lnJgly
.''.'-..'..a'. 37otu"
II will BE- not1ccl that The United States IL omit.
tcl from The lshlc. Hhc Il, now considering the
titn among tfo na.lons under golI and oliver. The
tal,le wunla 10:
fsrS"isian "S"is'in asaef as%sF iii iii
1h: inaa,sy +. wonld such position be .ats for
lie lee!.ton caa bo made al oncc. Enni.ioa shasa
upon s!lstr md thotc upon bo,h netais. tlity arc
MARI ih1n avr. times al numerous a. fhpsc nlon
c..on r1n te. made with equal pronptncz.. More
thin three fonr,h' Of the eaFi:t T. occupied hy
easy e9:a a''' 'rs. % s'1s H. siff % :?a sers se
nov upun coin bn4ia or nbout u take thu. p0st.
tIon. " might clo"s this particular inquiry: but
Bic paper currency. and 20, hos ming e!lscs, tlc
dsmsnd fot II they would otherwise max: i largely
se, %ns fs ~ sds asf hss Esn :;s
!adls. GhIss. ana tha Initaa ss,te.. ,nppo:!nx
b. naauied under hi, arrangement There il
NO 1oop REASON ~ nOCuf IT.,
IN population u, tcssttory tho fasl. named uatlcna
mcrclai Importance quite cqnal % them now, and
ne xsiSsf ,ey IT, vii aaere 70 s ns pse:es,
snndarl. France has recently. limited tho
su!a;s Of silses ed ~ b.: isen FL, r.
hnnlly nhandon II. Hnch a policy IA not to
be spprchcanea; iii tho conditions arc again.t It.
The certain io.t o ana em,a,Fn'smsnt T. O. O., chan,c.
pll-hnen., the Ion. and rich experience of France
IN the equal u.c Of 10th n@tnl., her pfide Of t~l'
Of rxee.sss p5o:uetion. the rc..oted dcmand
ftom India mn, China aud the recovery of s,ref
to T.. recent e1.,saS s9Ic1onte;e Il, s,s In
t!4e example Of ucrmany. Why should she follow
cetird cautiously to ls7:l when ehu. passed SIC.
un law. ondcr which II may ut last By completed.
TIL. lay does not acmonei.zo: Il eto,s rbosl of
ihs i "Bundrsrath." when ii! il ready, 10 declare
detnoneiix xallon, na il wcse By proclamation.
aba ni aSsss o. ~ h Fl .re9 'is se 'f &c
to-day full icgal-tenhef Ia Uetmany, and occupy
the ncld OF circulation, while .hee gold II under
run awny. such /. the boosted decentralization Ut
silyrr.bf Germany ilcsun In 1871. IL ~ nut hlnre
s n es p."p N ii.
wxs male has not teeH aattsfactorily cxplskned.
hare mol, yet met with the iaantcst commentator
OF H. and 10 sn oass!d. oh*erscr It Las the appear.
ancc of d fooi.h. cottly. nnd mort unnecessary
hlun&er viii France !epest Il: Germany tried
"nasr ts, ths %..t H.. sySn e5 5sG, u
hcr hanjs thu French indemnity Of thoufahd
millions. Her p7eparattOns were ample. The tn~
! =
| The debt Of France il more than lhrru thousand
m!llIpnf, Aflo has no fund for experiments core.
:poninx to the tpdcmn1'y I'D he. stock 81 'lvcf
sitli lnorr dulcalt md co.tly. She n,ay continue
tilvcr 6ul wc nsay te csStein sae viii not demon
elise Il. Nor shouih the tinted ssates. Her ucbt
II sao lasgc. and The Is in uasa of suspension on
financial eInbarralsmenleo of hcr penpIc arc ullost
too heavy 10 10 toruo. The csre.9t GeImany. 10.
ot ofns ~ rs %spsen 0e
Ths tStd otjset!o" to .i;sr i. the alleged de.
ssees;, dssa ssi tst 70 A. e.a Tes T.;
II was bat temporary, and 1t ts a.aln n,osing In
full su1nnac. As the rivefs run intn Tim se1, md
Y. tLs .ea T. not full, so ia 4 With ths hoS =.
anee Of testimony lcndtns to tic conclusion Tia.
| there can be
| NO PERMANENT dLrT or ffLyEr,
fore t!c world caf b. overrtockcl with It.
have now nGt!ccd the thsra teading objections
t. t,isss E.ss.sise Essdass?'n There !. "
throughout t4c woE ID IL Erta'cr tHhn that Of silver:
10, bl.o, Is it, rsoduesion ~ tue Cnitcu states.
u n as l. III sse 70 = aatS s,
=. Recent ADMINISTRATION Of silver In Enrops.
This Ii confined 70 Germany. md The Scandinavian
lust three arc unimpoEta',t. All Of them nsc uo1
equal 10 com1netcal Importance to the state o'
tiefmaay. Y: 4 decfea.ed demand Tor !. il A.n;
Tho demand Ia fully restored. md may bs reltcd
uptn 10 continue for Ut least century.
Int. It IL sad. we muHt not reuonettzc Just now,
because VIC would bo Hooded with silver. How,
e r. e tqs f,. S s WA, ss ts, 3sa
watches. plats. knives and furks, md ii many o
tho arts md tc amount required Yearly IL 4npn,,
lo'.: will together take up shc present ycasi,
production. 10 That Il we would be Hooded, {
lnust come from nations having i and wanting Il
III Inf III
ttons With q silver STANDARD; nati0ns DO not sci
thrir etandstd @ Or ;va!no - merch.ndlss, Sat na.
% :scr fos saTc I tnoa Il no qaaster IL from a. wsci e
tAIs food could con,c but Germany, the only nalut
selling silyos. llow n.uch haA shc to sellf \
most, two hundred millions: the 1asest statement
put tho an,onat at oac hundred and htl! millions
England II buying il for india. Let us be Thankful
shs e. e. II a.s Se or
hut tho question now before IL u not so muct
wl,at standard wo shall choose, ~
! WHETHER ONE or TuR METALS HALL ri
THAowN AWAY.
Bons SAY, uto gold for unlimited tendeF, and Ill
rer for subsidiary culnase and #mall ehangr, ans
III ' :vs; 7 . s.
Subsidiary eoinagG Is always ltmE!cd and small /!
quantity. There u now on.a,de ths m!nes unong1
not l,e necessary to 60 into thom for 1t least /
quarter Of I century. This Arrangement woul,
sn' a:sss. sss1 ss eiss
once tue abandonment Of t!!a majority of til
uiincs, aud put the world upon tho single ltan1ar,
nf gold. Ia recent work on Gold anl Debt
J ind tho following extract fEum the London EcoNo
I iAl4t: '.p.ahatly II there Was gold anoug
for ali Tho world, II would b. bcs
iherc should be only single, standard .
value throughout the world, md shst ono gold
hut this II impossible. solne have dotbtc.
whether the.s " sola enough for thu nations waiel
now Intend 10 use ii thxse certainly II not enoug
for al! tho world" Cptu 1850 there had nove
been an tntinstion that there was too much coin
and theirs had never beeH suggestion TO Lemonc
tiza either metal lluttnE tbs great production q
gold, from iBi. to 1H:.H, VIC heard such = suggestion
lot this frat un,e It na1!B In behalf OF capital
Or rathus Of that small part OF It which Was un!c
fixed and permanent Investment. u wA4 no
. | heeaed. The ahannancs Vas welcomed ard Nseh
and the world never Ia tho time made sueh
Aavapcc: and think It Will ha further fund tba
during this petIo1. and ulwithatau uIng tho ws.t
Of great wara the ratio "t ,'scseatc il property
real, pessonal. aud Ut every kin = quite equal l.
the ratio Of Increase IN coin. When Enxlanl al0plc
The gola standard. It va! not ions IN boz
ttity to stlrcr. Thn entire world WA upo
silver. snd 1t uas NOT Affected. Tasstn. tnfer
mediate changes. when Germany 10 1871 made III
hftt public sssp IN hss a,asensnt, Il waA not take
~ iljure silver. 1t Wa only ca1tee betwccp tw
Il premium. Now It Z deprecated, and ths con
ttnusttou VI s1eh l policy Ii mors tlau thu rnrs
tloics OF standard: 1t II IN Attaes npon pive
which. il continued and aoccessfal. would fore