, 1877-09-07

who are hankcriug after return Of them !;
but they will never rcturn.
RECONSIDERATION or SILVER.
The subject OF silver cofnnge in hil its
bearings WAS liborally discussed At the
,aaetlng at Saratoga Of the Socia1 Science
Congress- Among those who road papers
on this question was b1r. 3. F. NounsE, Of
Boston, gentleman who bus discussed the
decentralization Of silver repeatedly In The
public journals, OF consso he thinks that
tho demonotization Of silver WINS wise poll
cy, but he Is willing 10 re.urn to the ase Of
silver when all tho nations OF tho earth ahall
unite in an agreement IS to tho relative
improbable event shnll take place, be Is for
adhering to the single or gold standard. Ho
n3uits TINT, a. the law now stands, tho ra-
sumption prnmisad on the 1st Of January,
1870, will DO q resumption in gold, md,
while ho keeps out Of sight the fnct that the
redemption Of greonbacks In gold will be an
insignificant work compared with tho entire
indebtedness Of the country, municipal
debts, corporation debts, and private debts
and mortgages, be rsjoices that the day and
hour Of this golden payment arc go near at
hand, and that it's glory is not to be dim5n-
ished by tho employment Of silvor to any e1-
tent This Nj. NouasE, who argues tho sub
ject after the mauner Of paid attorney ar
guing tho desperate cass Of desperate
client, tells u that the whole civilized world
ia anxious to lemonetizs silver, md Is only
waiting to see what this country will d. I1e
then mikes tho following astounding state
ment:
Tie present aspect ia Of continued dcmonctlxa-
t!on OF silver in Europe. Upon tho hypothesis
that France and the other Ssatcs OF tho Latin Union
will procsed gradually to adopt tho gold standsrd,
EuEcpo can spars 500, ooo 600 out Of tts present
stock OF standard stsct especially 1t rccoslng gold
in exchange Tor It, and then ronln IN ample stock
OF subsidiary sI1scr. But tho proposition conton-
fiaics TINT our demand wilt arreat the dcmuncttxa-
tlon Of s,lrer nna restore II to IT, former yaluc.
Granting TINT our demand shn1l snfao thn price Of
sllvcs a. long NJ 1t shall tast, what sum wnnld
Europe spare ut or under lSd per ounce, which ia
34d. or nearly 7pcr cont, over tho pseseat psico'
There Is not any evidence that tho States
Of tho Latin Union will dcmonetiza silver,
presently or remotely. There is no ono Of
them at this timo prepared to meet ths cost
ct such an undertaking, aud no one OF them
which flu11s tho sityor STANDARD in tho least
embarrassing 0. inconveniens, The noiut
made Is, that this country, it 1t make silver
n iegal-tender, will bo dolueed with $780,
0o0. 600 of silver, ehinped hfthor by Tho
nations Of Europo. Let us soo v,,ere this
surplus silver is to come from. England hnt,
gold standard, but nevertheless ias posi-.
blv obout 1900, ,Gs,o. 400 Of silyor in her anh.
sfdiary coin. Tint being worth mora ns
EnoIfsh ooin than n. buIlion. md beino m
uora than tho country ,,oetl, for fta b::,resa.
there will be no ship1uent Of Dritish silvor.
Rrsaio, n gtate of m nm mo of reon1a ha4
silver as tho leRal standard, but owing to tte
immenaa volume of deprcc;atod paper-o1so
a 1eual.tonder-there is neither silver nor
ro,d thero IN auy such quantity IS to furnish
a surnlus for axnortntion. Ita1v. q nation
81 a1.ooo. .ooo ot ,,aon,e. ronksa s,,yar a
leoal.,ont1er. AZ tloca Austria. viii, n nonuln,
linn of no nm nm , Int TIM c,rrcncv ~ hoth
conntri.. IL n lcnreoiatal noner. from a N
IN mr. cant discount. which baa srnellea lin
co,n Lowing mn ,oas,b,a rnrn,ua in e1,,or yor
o1noriat,on Holland. 1,e,oinm, md sw;t7ar.
tand ara sn,a,, g,at.. having oornnara,irs,v
hut a amo1I ann ~ s,ivov .,,oy. what IL nooi
Nj III -. ~ ~ ia o,,anoo or sntm;1iorv .;1..r ~ RI.
NH at.,a I. rranoe ,ybsr, tbo ,,o,,h1s al. nj
~ :. rr.;nta;naa mi, rn,,ar whirh Tr.non
b,. -, ,svavo, cccos,onx rsanoa ths or.ot .a.
~sn,aos ~ nrno IL, c1,aansr coin atso.
49, sss.t .a1;.;o,. - 49, s.,,,e,.s =. 49,,
I'm, w ~. a,scovsries .hou, ,ss1 .i,sra o. % :.
- - .,,.-, :, "''~ -