, 1877-10-22
SILVER.
Report OF the Silver Commits
sion.
Interesting Extracts from That
Document.
Strong Arguments IN Favor Of Remone.
tizing Silver.

tizing Silver
The Report Of Senator .loncs and his Cum
mittec un the question Of remonctking silver !
has rcact,e,l s,s. It makes N,ok uf eUl large,
pages, nni would fill the donh1c.
sheet SUNDAY TRinuSE III small type. BUTT
ID rslshng document aGanst tlIa angle Kold
standard, and convincing, unansr erablH
srpumcnt In behalf Of the tit',lhle standard of
silver an! gold. The injury that has s!rc~iy
Lecn inflicted upon the country hy ''emo"et's-
lug silver is Immense. As Shown by the Report
The Majority Report /, sl.ncsl by Senators
john r. Jones and F.cw,s Y. Bogy. anti t'co'Ee
Willard, ". y. tirpehbcck. nnl II. T. b!ah'li
the Minority Report by Hcorgc 8. Boutwell,,
Francis Ik,wen, and X. l.. Eti*on. NJ tnlel'
liuent, impartial man, who rc.uls the two Kc-
uort., hit must feel that the weight Of fact and
double standard. We make room for few es-
traits from tue Maturity Report:
TUE DOUBLE STANDARD.
Tho pht1os0phy u the double HtxnMafu u,
That rise in The v.lue Of money a,sd fail In ten
esa pr!sss arc te Et.ae,t fg's ,r1an weS css
pnpsi,'c. .!hc occurrence 9! .lese evils J. takss
~ prccsiF,uns against fail l1 n" vsiuc OF money
single instance can h r,in.sdont uf ~ II .as
value N either or Of botl, Of the metals which naa
not proved benetaction 10 msx'na; VILE ,a IN .ns
rrc in tic salne 81 metallic money has occnfrca. Il
u. been attended BY la.nel.! ada:tks' pol.,tra
Il ha@ss ,s.tsy taao xar p,,tnss, IT, M ez 1as r. RI
5hey har< rtoneA ao,t t1"',tr 1 a.. n ~ 1osn g
standard thcse evils could ncxrr uccnr. except y
rise In The value Of bo.h uctale. wht!e under tho
single standard they might ba eaassd BY F'ss IN
the vaiuo OF one ottheal.
REsUMrTiuH. ...-,.-..
II the Unlted States should resume specie. pay
legal relation uf va!ne between the metals "a eS-
isis in france, there conid not W 4 fcafonaole
doubt that tesa two gf.st commercial soIn,,es
between tho legal and narket relations ot the met.
ais, aud thcseby prescrve thef concurrent use a.
greater Commercial anil 1nsnc!Al powcr tnan was
Fraacc In lsD and With g.eates orPo,s1anlies , 70.
s,owh I'D aa sGae - a0s s ne
m"fe powerful sl,an France was able to exert.
TnErt the double standard the debtor may. a.
riiher metals in tho payment q ll* obligations.
This option in Ut no practical !mpuItaneSs e1enpt
when sstsnec ee"Gsn tas eEaht ana Ge.
dues II work any Injustice. nor u H. u fAc. s1n-
rnr to one slde ot any ts:nsneeon: ,n III essa,9r
ihs tine being happens to he The dcafcr one. lle
cannot claim. therefore. that II hs equity To & ha
p ppea.. Etweea The dates oi lending and Of being
paid ths ionble Standard !. .oroFated, e that ho
enable y csses VII. " G,a T. ~ s1eca tn NV IN %e
dcarcr metal or mone{s which he never receives 6;
when b. 6orrow. TS enormous OFT asasegam ..
taacd Il bI er IL
thc purchase Of property nt paper rffes.
urged that the debtors oas hoI T. 70 s,scIn .,
that they ought to hnyo foscseen that Tie resump-
tIon Of spceie payments n n. % near future was
HILL ad to alen swsy 15n' .hc,n ut
seen that the notion 81 naYanT u sssl, "sh n tn n
would q eonenea aS to psy In godsl0ns:
and not onl{ thai 6ttt ia Goia
cla,en IL Shn .hna few ap examnls and maEs il
Ut the highest importance taat @ t6o sens sstos
shonid b preserved wiz .s li1tle disturbance y
possible. Az o1petienee eho"s snI1 % .ns unx
end can nc o!s heasy i. "ni ,rn1i' tie ~,
Of the cheaper metal Mhenetes Ghanfe ocsufs "a "a
llelr Is.se saae, nG itnn n e. th mto
dueton md i.tribution q tho,e shIns' whlsh sse
e9ns5 and hsy =; ~ no. en-
r., s. ssI to obtain occasionally for tho one
WV 'n' r1ltso poxps IN srLykn. ,...
| Tho world has expended tast .mpnnt OF iabos
e 81 ~ n spons shs
metallic Eystem o. money ana nus r:ht ~ iA'as. ~
II shall bc consistently !et aInhe 10 Motk olt ~
| own cuncius!snlh, OF that It le abandoned. Tls
lcaa right oI the United States to ray lts londa IN
p1!d silver at !ts optio 10 essat taet no ~.
tou. denial q !. naas d., Ihg el1 @ raa1 u'cy
shAdowy grounds. ThGte IL no dispute noout tau
facts Of tho case uF the laM. conIfacs Ias 0ssn
| entered into between Inc ooycsnmcnt ana ~ etea.
iors, insolyIns conttngenclsa which a may tas1s W.
| etttlst party, Anl b0th paft'cs inHst hpiae VIZ
lssue, whatever 1t may b. y wonlu ~ pebeaan
| the dignity of the Government 10 aemana any ~
vantaRrs which tho law anl ne contrary Glauc IN.
der II TO NOT coaIef.. y Houlu ue stoiaton VI
Justice aud betrayal OF tue steal intc,esh c9h.
| dded to III cnaF4s 10 aceeps, Ah!tn Less 1It
| Government ~ an atent. anu hoI paneira a.!
u tho arusted o. tne nalion. Anu @ nu.t Hnu NJ ~
charter AMI guide fUt tnc aam!nlsat'oi 81 we
fairs lntrnaled to u H. INC Jaw, ana not n ssht,
Mental emotions. ltto aMeept ~ askn.tn ,,h ~
uuvrrnmsn! from e1efclsng " uhuoaoteo TIN tyr
10 nay ~ hoada tn the sheapse n,e'st ,, y pre-
claiming that u It uoes 40 w nomor WI sa os .aa
nlsaet ani IT, credit Impaired a. otas anu eut"i ~
sunwotthy Of e.asle1a'on; ~ Iae 91otftaa " tt ,u
allocnt to the letter Of ~ 9hia9!ola ~ nc sasss
snd best s'ipiatl 81 sae efSa - o. anJ c"1n ~ II,
h"noF car fest tfhsanehllJ ~ peass ana war W W, II
tho pAtrIottsm u ~ people. whle y s9Ee TO ,!
weakened y thetr substance = taaea - "a
kiItttA