, 1877-12-13
SILVER IN CANADA.
To III Editor ot Tbs Tribune.


MAncHxosT, near Montreal, r. O., Dec. H.
yeaterday had tie opportunity Of looking ovss
aomo recent issues of TIE TRIBUNE and read
every word therein, from yourself OF otherL
bearing on the monetary questions now agttat!nE
the public mind IN the United states. 1t affords
me pleasure TO say that With nearly all which yoa
hare ssatel heartily agecc.
Still, think NC must accord 10 the mctshge Of
the President, aud. especially 10 tho report Of Mt
Sherman. high degree Of merit ~ far d they 70
on tho monetary questions, or 10 far ~ they Asc
expositoEy Of important principles In monetary
science. II should be matter Of conRratu1aton 10
yoa Americans that there 10 the ring Of gcnuaEc
honesty about them. Those public documents atr
perhaps dedeient In not taking larger grssp Of
things,-0f not following out tho important ssuss
at stskc and In this respect think you take hon
Of tho situation fully, ut al events fuI1J.
For there arc the interests Of Ns people 1t staks,
0! millions Of producers, Of thoso who create ii!
wealth, A. wei! A. the interests of a few
thousand oondho1ders. The President Il fearfs1
Of anything occurring to destroy tho national pow'
er Of borrowing from abroad, thinking It would bs
On unm<atnrta eurss. think it would proys sn
unss<asurtd tsttstag TO your millions Of working
mca. ,
Some ton ys.ss age. - you .rs no t!oue. AWAIT,
yer Ill oyer our Donintun; discount u IRON = 70
per cent gradually crcpt In. causing world Of
Sa we.e; th :hs ,so ii drts Il was oSo currency ani
suited every body we except the naoncYcd men. ~
square matters. s0Me tFadeEs actually hat two
wo mover aaN H0lt 1t WAS mol current a. I'll; the
svef accomplished HsEr'y Ill tbs retail transse:
tiona; There was grest palltc con,mot.nn m,!. and
Ter of the d3y that lhu Government should pro-
calm tho silver tull ieghl.rndrr at IT. sa!as.
and thus destroy at uns sttoko tho discount whers
1t all events 1t was Sustained. tho bank COUNTER
Dul The Mialster was atsa!d Of ta!s vnIi shalox.
and II could NOT be doac did nut, of contsc. Antic.
inatu that measure apparently ~ pett@0uA bank
notea would bo followed. Nodoubt Ii wnu'l have
had sou,e effect on the foreign exchanges thfowsn.
them sga!nst us. but that would hsys saaly
] havo bud fswer fufcixn bills 10 negotiate but va
would have had noEo sl,!ps coming and going ttun
our shorcs., Wo would have kept rood eu!'
stable aud secure; and e1ehsnxeabls 1y e1ery'
body, banks included. At tls taee value, However,
sss oss 'so
wAa u last dtsen clean cut Of Thy country. s!acs
that time, II louks ~ this Dominion had paid foF
IL folly. consmere'al di*tFes. has besn unra.slls
| cd, and old and honorable houses are filling on
every hand. In this connection permit no to quote
from ny work Thought. on papeE,caftepey aud
tafaRti1ual Coinage and tbs stsndxsds Of Ss'uo":
need. grsat w.sa monet.,y = 'stenss
r.
:, ;ns
stess pss.. t. sas1 erea@:s.aes. i
s s1S .s. h.ss y: as
suTs Haa posrrfa ria discarded metal may to
~ sfsis
sad tas esl vii augment = ,Vrslxr toinnsrcS -
sSRs;iSas ss & :ass @ u. sasst.s S::!a ssa.!
lppblished lh!s In 1877. and nay we'll apps4l
to sub4squrnt public sssnts...
should you restore yoaE silver. We on this atdt
the ines will po doubt share IN tho PRECIOUS cur
rent and thetu will b. vastly Increased trade b.
WILLIAM Bzowx.