New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-03-03
Tur nOrnIr SrNNnAED.

WAsHINGTuN, March 2.-Iht lohoNIhg are INC
conclusions Of the report oi the silver COMMISSION
which was presented to Congress to-day signed by
senators Jones OF Nevada and Bocy Representatives
Willard and Bland, and W i!iiau' ;. "ro''heek:
DtMoNET.ZATIuN DISASTROUS.
Upon the facts and considerations hercnhcf're set
forth aud after carefully weighing the views presented
to them orally and writing b. various persons Inc
,ion submit ilc following answers 70 the qur'tons
referred 10 them by Congress:
FIRST III first question relates to the causes OF me
recent change relative value ~ goid aud silver
AMI 90 the ell. OF thar change upon the Trade, com
mcgcc france and productive interests OF the country
TIM, c,ni, on concur IN the following opinion OF the
British silver Commission of 1876: "1nat TIE
recent increase in the production OF SILVER l.
NOT one - The principal cauNcS OF drcI'h'
in its relative value. Not"ith,aa'ing the Ia'o
rise IN tie production % silver compared "'th gold
its prorcFi.on to gold is t cousi !crhy below what IL
1873 40 say nothing OF the period WHOM the pro
norton was and the conclusion seems inNti-
fed that review of the rl' ions OF tne met III times
past shows tha the fail in tie price Of silver Is not due
f. amy c,> .iy, proc, act Oh g. compared with gold" II
]. ROT now seriously maintained anywhere jia' any TT
cent lct in the PRODUCTION Of silver Is among TIE CAUSES
Of lis relative dec nc Change iH the purchl'ln power
Of the precious metals mist always AID Ve:J slet'H!
affect TIE quantity oI thtr lio1r,li'n "di changes III
ll,r quantity their production affect their value ~
money SO closely ana iu~'u-ihy Tat tn"y may 70" Niu
not 20 effect II "a; al Tor ah' purposes "i"hiy
20 ba practical mankind chi.h concern Themselves
with tt interests and attain, their general Oh
This difference arises from the in>nhcan"e oi the an
uual duc'iun OF the precious metals IN comparison "i
fine accumulated stock held in The world and this fer
eucc exists m respect either OF the metals separately
as well 70, IA RESPECT to she two metals combined.
The c1u.cs the recent change ia the relation or goid
and silver ar" manly H." characterization al silver by
C.r1nany the United States and other countries and
t, co-iug OF minis a.aiu-! silver which resulted from
ttcsc ACCOMMODATIONS lHe'' PT'h'''' '"''N'S VIZ
aided lN 4 cHpurirc"us Gimluuton oi the A'L'uc
c.;g ana uyu pcr.y, yirl of the Nevada silver miucs
o., fh ,cf of il th.,. cau,r-. principal and "ccn~-
.,,. &C. mint in tIc manic Of ,Iuiy,
10y '''' ~ .,',.,, ,,n,. 80 ,r.. .o,,..s
are essentially temporary. The A~idtie demand Tor
the driu'i'h~ ia respect 10 '"' -''' 80" MN, '
exist j. the opinion ~ the commission. II the thit'd
.,. ,.r, do,,,,e Standard the progress Of de-
.' N, -, ,..i.t,..,,. .,.......J
moncizin& SILVER WIZ '' '''l''''! 'H',''r
The effects 81 the RECOMMENDATION 81 far accomplished
and If the d.. rrbuec of thc relative value OF
" ,,t. ,......,,o. G,.,,.. and .,r.
g"io ana AiF'' 't"" u'''' ''''''''' 80
drctivc interests III this country ana tr"IEGout The
commercial world have ntcn equally disastrous and
49,. a.. ,,,,.;.s d, r,,b u.,,. r,rc,,tI,. ,et,n,,.
'>i"c'"li 10 NV '''''i' WV nm ~ -
tied silver or III winch the GOA st"util WIS at'F
,t.l,s ,oI In all commercial countries The same pho
noWrna az 'illditurrH>N P'''h'''""i lil'~ Pi.'7
f commodities and real estate. diminishing puhli, rcT"
n-.fI La, yf 81.
H", 90. w. 20 I ,'.,i, ,I'. ,....,.,
"H" i"'l'' '""'''''|' ~ ..i,
''''.- 'i' VIZ. ~ No. -, I'm, a .,
,, me, ' IN coi!tr.cr ~ the standard az
yau, from gold ana solver 10 gold aiun. iLr distress
dgtr> VIA irr "a" O.. lhr 'h,i,1 @EM'' ~ , ,In'
-, ',,'',.,. rr,rt.I ctC..t l. :, Irc,loii, de
cree of ,nal c'"r''. Of % :. ~. 10. tlt
establishing ~ 81 II" H. - , 49, w. ,'i,.'
49,. f,.. world Ei. VIM .ra immediately .,l.,uu q,
coheori.d movement TO d."onr,h, .iyrr - p:egi,seN
'',., 81 III '' 49, 49, ,,,t,', .l / ,yti"
c,u.d MOI l!l To a;tcud 4 g, n"
urcs o. vae> as all "'H-' ihir ai' Ply. IL i'
, , ,,,i".jl f,, ,,.,ra .rI. of - measure. oi
yadc. consisting OF me TWO las Gi guout equal pro
por,.'H, 40 IT," woild si''H 10 ah'Al"t t"e n3''
,; c,. nj m, a. and -r,, r,p.. prices silver
,I =. .,i,,t al - 600 ouU ID cons, nc 40. uuul-
H"u o MY cthi"il''''' p" ""ht '"," lh' ~, 81.
"',J v,I,,o,It r1p,uri@I. r.,l AMI sJ.i cati.-
! trophy
inc eva IT, enormously +-Ei!''l'u ~ t'
d. .', ~, - INN, 49, "i i. il'.G,l ,r,c nov
bat ntii" more alGu i..l ie,-. and IS a.
va. $40 h..u i"' !'-t IRON ne .n""'i g! ~, pro-
due ion t+i ii' m'Ai - ." "a S.i'' 10 nc = 7"Io 'H
o. yauc. fisccr '',nS require itt.e or II" capital
an" are soon cAh','' -. Hl2 "l 'l,l VI ga,
o'H,r niud, as IL can H"hF he nhciecd "lth""t cap
id nor "h'.d,h'i "lih't' ne 10 "i H,iNS
nr'Sl> chihI"u''! Ni',"(' u WI ~ % '"" ="
NI'vr winch Is ne :" ID ."'"t ' ,i' o. Io
an" ""'h oWiI- &c rI''' ga az" ''''' ,
supplies 81 s"l ''it' - a. "r % 40
trhan placer, w"Id nave Inflicted rrtci Ca coni'ra''n
upon t"r cctl"' t'"'H'- u '"' oiN'l "hlch MA! o.
Epri. cni>AGE ,lXtstD
S,c,rd. The second qucs;i, covers the two points n
'''''' ,, , 49,, -
the re'ior"t Oh ol thc do""' S''h'fd III TINS 'o"nN'
.G OF the best legal relation between gold and silver
r, IN l, ,i.ncul tl. restoration aud the
i"' ~ , -
restricted c'l@e OF hoh metals % the G"H''e standard
bat are Uuah 20 agree u.u. tie best l,,u relation Of
a., ..l qI. ,,,.o l,r- M the
! Commission are hcrcGn'0 Appended
SPECIE PAYMENTS.