New-York tribune., 1877-11-10
LETTERS FROM THE PEOPLE.
SILVER AND GOLD DOLLARS.

LETTER FROM TnURLOw WEED-IHE COINAGE OF a
SILVER DOLLAR EQUAL IN VALUE TO GOLD
oNE THE RIGHT COUBsE-INJUsIiCE OF FAf-
ING TIE BONDS IN GOLD ALONE
To me Editor Of The Tribune.
SIR; In vour editorial of yesterday. on the silver
question you say: We make broad distinction
between them and the bi-metalllsts. Inc latter
think specie payments can better be suStaiheu DJ
the use of the two precious metals than by one
Ibis is precisely what have earnestly urgen ID e'
tcrs which YOU were kind enough TO publish but
which. [ regret to say. found no favor Win our
leading Journals And this is precisely what can be
ACCOMPLISHED with the consent and cooperation
Of such Journals. In taking ground for constitu-
tional money-standarls the press would disarm the
"InG1tIoDIsts" "RepudiatoTs" " Demagogues,
etc. whose magn influence is always to be dreaded
Let the friends of Resumption content themselves
with fine money standards of the Constitution, ana
n solution of that question will soon be reached
Resumption without prosperity VIII provo HIM
temporary and disastrous. Our specie OASIS
should be as broad rs possible congress
is invested by the Constitution win lnh
power. The SILVER and god dollar can DE
made of equal value. Neither has any money
value without the superscription ol the Govern
ment. Silver was degraded }" by ITS demohc'i%a-
tion. while gold was appreciated by The passage Of
the law of 1873. Repeal that law and authorize
the coinage Of the silver dollar equal in value 10 the
gold dollar. and We shall realize that truth OF
the proposition which you deny, namely, that silver
and gold will " find a common level
Re.nmption with one standard will signally fail
The basis will be too narrow. But by awaiting our
selves Of tie double standard both equally previous
in the language and spirit of the Constitution Re
sumrtlon and Prosperity, twin financial hand-mmd-
ems will scatter ther blessings bounifuliy amidst
reioiciug people II is urged against the double
standard that the single one has been adopted by
the Latin Governments aud that for this reason We
sbonId voluntarily deprive ourselves OF one-haf on
the money power of our country in working out the
resumption of specie payments To thls Iepiy'
that our hrst duty is to be Just and true 10
ourselves. SILVER and gold coin arc the
monetary standards of the Constitution. We agreed
10 nay the national creditors the interest ana pilh
cipal Of their debt in coin. We have Tor t"tNc
years been paying interest, in gold. upon more tIah
$1,000 600 600. The bondhoile'N, "nlla eoIa ~ al
q ure.,um. receive largely more than the PER cent
"nominated in the bond.7 And these premiums as
has been truly said, were squeezed, drop by
dron. from the sweat Of labor" Now, labor
has borne, with exemplary patience, quite
enough of injustice and oppression, and II
behooycs Congress and the Administration
in bring their best judgments aud their pateInal
sympatlnes to the consideration OF this question:
When the insdious law Of s73. dcmonetizlng silver,
shall have been repealed, SHALL be prepared to
confer with other Governments in relation to the
doube or single standard. International Congrescs
have been convened for ne consideration Of far less
important subjects. Meantime, let rs hope that our
Government will mature and establish liuanca.
system which will equally protect tEe credit and
honor Of Gle Nation with the prosperity and bappi-
moss Of the people. T. W.
Ne,e- York, Nov. s, 1877.