Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-11-13
the MILLION. Of Vanderbilt
tsPscIAI. DisrArcurs To u Coin Hill
d. 1T Naval

lorkCtAs DtrrAfSuAs w =.
pA ~ Naval
The Argumenss Agaiass ksuseassi'
sAstou.
NEW YoRx. November i3.-!Tho Times
has the following: III money or cur
rsncy had no other function than to &C.
commodato the convenience Of the inter
nal sIchanges'of the country. any token
money. provided II could not 30 initiated
and provided the Government would put
. limit 10 Ito issue. would. in all respects
answer the financial and commercial needs
Of the State. But rs oon - The natisn
has commercial and financial relations
with the rest Of the world. 10 provide
against fluctuations Of the standard oil
money becomes the first necessity. This
10 easily demonstrated by the experiences
Of tho last sixteen years In our DIVE Affairs.
For instance. many Of a most solvent
States had 10 borrow money before 1871.
They promised 10 pay the interest In dol
lars. which then meant either q dollar In
gold or o dollar In silver. The lattor was
a.,ion 4. Aha siivsr Jollar of 4i2k
80. -orth a. M In gold. Wall.
ssn ~. $3.50. na,es.itiss M m,
suoa ~ no..rnmsnt ss.ume
un.u nsnsr
we power isans rsss all s,5Iiis
currency nhlen @.r,Ss,.h ,hs Gov
o.ios ~. so,I x-.n.r fsc.I t.ndsr
sInMsns ~ NM, nsv.hia an.
w ~. usnsaesons m. mn.
,eP' uan a. -, tncwn ,hstsnv
no ueo., y.sn tsS ,onl ..nts,o ~
ueosor, OF e'xe' 49, nnn.
ms iegl, i,Sn.' III, 100 ~ss hr.nJs.l
Wy .n .,n,,i. i.oc.nss -internationaI
- y.nJs ,h., . rromj.a
n.n monss nnis.s o,hsrwise strictly
go ~ sI.n ~ reJsomsd I'm tbst
snpI.", =, .ain or natal which hss
.sA.n ,,,s.n.,io,.I nor. auctnating
.s an,si. m. Ssrx fact M Ina IJnited
..iue' olis,y 49,! ~, al. IN coin
S.. !sy."s .si.h 4. .~ctns.is5ysJ ss
oas ,e,,s,inm IT, ,si.eS Ia national
aNnsis ~ nsJ. r.,rc,ion Of ipterrst Of
sn ~. ,o.si,,Is ,rhn. then, n will
~ - 49, IVA Mac opr vhoIe
a ssSu ma A. ,.on.rJv % have no
nnanea ysg ~, nI.cs orr.aIvs. In
o.ne. si.lasu,o u,,h H. en.anc,rs,,n
tne s,ricses, Ae.o.u m.S -. H. cnms
s..nlAiao a""n.i %n.,ian. ~ voriJ
"e.o,s, y ,I..Nn 49, .aan,..S an. M.
. LAua on'o"' WI" a.. az .,ric,ss,
ue'.i ,S1a $3.50 40 ~ rrrs anil
ssnsc s'hIo lo,y sam 20, this
simpis o'm a.. naia..a ~
reason VIZ; hi.. VIZ snh.sS,.s.
siiver ~ Pronlp s ~. psnr =,
COlunkN uStouut sathser" 80
rIa.s n.S \. ~, n,id ont .mony ths
y.nIa ,as ,ha .,mnls rsason th,t IA IA
psvP''' H., 4, woria J.msge tbs f~n.neisl
leH.ea VIZ oum.sx A es,~ s,cniacsnt
~ ..sS IN ,hs.a coInmn, Nv a cor.
ne. L..nsJ in lila IN ser.
.sspo fh. hrsnch R.nk ~
ssnoss .s ar, n,scs nsia m. IA.
assI,eo. - ,sres ansntiuss n silysr.
r. Jsno.iso,. JemnrreJ. and appealed 10
~. hssJ on,cs In Paris. THE excuse n
az lila mansyer was. that In no large Z
.,ns.c,rr;ng tom n w,s supposed that
sm... -onIa 10 ,.ther rr,fcrrcd. Yet the
-, m ths pre.ident of the Bank OF
Pr.noa vs.. thst In future gold or notes
| .horId bs o.id. and NOT silver. Thus We
80 ~nI,iniy tbat tbe Bank OF Franco has q
. %gir,ntic silyer elephant on It's hands,
| :, ssich n cannot dispose. In the mean.
tina M fnrtber silver IA coined.
IN We remonetize silver and make u free
.oin.c. AMI uniimitei legal lander. We
mn.t Il. prepsred N face several import
~ ch.nyc.r First. We declare that 92
ant. gold'is equivalent 10 one dsllar, and
IN tbst Jegrse there must naturally be q
dsoreci.tion of Ali public and private In
yestments that arc now held at gold par.
| Onr bond.. .ay the 4 Dor cent. now selling
Al mar. would fall 10 12 and all the rest | n
proportiou. But this In itself, although
s[arious enough. would DO followed by the
greater calamity of financial communities
| cisI tr,ns.etions with the United States, but
ru,hinv In 10 got rid of the securities they
| hold sgsinst the limited States, and there
bv nlseing ma in 4 state Of panic. And q
s;,,f vorse festnre Of n would Be that, al.
,hnrgh va would he forced. through our
own interest, 10 rectify this financial blum.
dsr. vel when rectiaed il would take years
sor IL hal mora effect 10 bo efYaced. Zee.
ond' our presopt experience has fully
nra,.J ,bst .ilycr 4. A~uctuating I'M pricc,
I, mi. anc,n.tion cannot be overcome.
a., a. .sr,.inivc s,not be unle,s by an
intsrn.,ionsI sgreement Of the CONNER.
ci.i nstions 10 tste silver Al ! aIed rate,
Ia ali Jeulor.bie feature Of an irredeem.
| shls n.ner money must assert itself. I,
NAV moi bs Known 10 the country 1t large
hnf a 4. 4 fact we'll known ts oyery man
snr.ssl I'm commerce, that the consumer
r.ss si..y. an rIces. Of the premium on
mia. Tho merchant, In order 10 secure
Simsslf. raises the prices Of the premium
on sold and charges il on his commodi.
lies, simply 10 be on the safe side. and a
he present. time, although gold has been
FOR months only al az 70 8 per cent. pro
| MUM, VT there 10 perhaps. not an import.
| eli article consumed that Ia not over.
CHARGED Al least Ave per cent. on account
| Of tho premium on gold. Third, 10 10 Z
law in commerce that paper currency
| drives out dearer currency. and We must
be prepared. should silver become an un.
| limited legal tender. 10 be speedily de-
prived Of any gold that may DO In the
| country.
But IL 10 argued that our accommodating
| .ilvsr uould hriuV tha nriea NJ this mstal