Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-02-15
ruE SILVER PROBLEM.

Assemblyman Stewart has introduced
. bill in the Legislature. the object Of
which Is to commit the State Of Nevada
to the theory so ably advocated by Sem
ator Jones In Congress, Of q bi.mstallic.
interchangeable currency. The bill, af-
ter reciting various whereases and
vhsrsfores. calls upon Congress to au-
thorizs the coming again Of the old sill
yer dollar. established by the law Of
1792. and to make silver q legal tender
for all claims and to any amount. In
other words. ID asks this nation 10 stand
out against nearly the whole world, and
declare that 90 far a. America Is con
csrnsd. silver Is and shall be considered
- equal in value to gold.
The subject Of q double or single
standard Of coin values is mi which is
just nov ~agitating every commercial ma.
ton on the face Of tho globe. and is.
perhaps the most important financial
problem with which governments have
TO grsppls. There is no doubt. as Mr..
Stsvart's bill premises, that the solu.
ton Of the question will have a grave
influence upon the future Of Nevada.
whsrsths one great and paramount indus
try is the production Of silver. But
whether or not the establishment by the
United States alone. unsupported by the
great commercial countries Of Europe,
Of the bi-mstallic standard. would result,
in permanent good to the nation il q
question which must not DO decided has.
lily. A Commission instituted by Con.
gross. with the aid OF we'll known and
well vsrsed experts on the subject,
have been in consultation now over
two years. and yet failed to come to an
agreement. And yet Asssmblyman Stew
art proposes to grspple this great theme
and have the Legislature OF Nevada pass
upon IL. as Il were. in a day. We fail to
see either the necessity or the wisdom Of
committing the State to either theory.
Il isa question which Congress alone
can settle, and as a general thing Con.
gressional action is not influenced in the
least degree by State interference.
There are many things TO bs eonsid.
cred in relation to this silver question.
The first and most material question Is,
II We mako silver q legal tender to an
unlimited amount, can We keep gold in
the countryf Certainly no man Is SO
insane as to desire to make silver the
one metallic standard Of value. But all
Europe has practically demonstizsd sill
YER. Would not III gold, II placed ON
u par With silver. naturally flow to those
countries where it commanded a pre-
MUM ? Would not the man who owed.
say SIC. 900. buy his silver in Europe TO
pay the debt. and thus save the percent
age on his goldi This is a very serious
question. and its bearings should be
carefully discussed before we attempt rs
q State to influence Congress in its treat
ment Of the silver problem.
Following is the full text Of Assembly
man Stewards bill. Our Senators and
Representatives will do well to study
this subject closely before voting for its
passage.
WHEREAS, The silver dollar was . legal
tender for all debts. dues snd demands in
the United States from the year one thou
sand seven hundred and n~inety-two up 10
the year one thousand eight hundred and
seventy-three. when. by an Act OF Con-
gress. passed in great haste and without
Investigation. repeating the said Act oi
seventeen hundred AMI ninety.tso. thereby
lessening the value of silver. and 10 the
great detriment 81 the masses Of tho poo
ple Of this Government. particularly to
tho mining regions Of the Pacific slope ;
and.
WHEREAS. The great product Of the
Stats'of Nevada Is silver bullion. and the
richest mines ever discovered are lying
within her borders. which now produce
over fifty millions per annum. nearly half
Of which Is gold, with every prospect Of
Increasing in Its production for the next
century 10 come; and,
WHEREAS. The repeating Of said Act has
decreased the value Of silver. not only In
the United States. but throughout the
whole civilized world. the result 81 which
has been ~ pArAlyze the whole mining In
terest through v country, closed down
many small mining works, and stopped
prospecting for other and new mines /; aud,
wmEHEAs, The repeating Of said Act has
been detrimental aud damaging 10 tho
whole and entire mass ef tho people Of
the Goyernm ent. whs live and support
themselves and their families by work and
labor ; therefore. he Ii
Resolved. by the Assembly. the Senate
concurring. that our Senators In Congress
be instructed. and our Representative re-
quested. that the Act making the silver
dollar. passed A. ID. seventeen hundred and
ninsty-two. be restored. and that they use
all honorable means in their power. and at
thar earliest opportunity. To assistin pass
ing said. or some similar Actor the one adj
vocAtcd by our Senator. the Honorable j.
=. Jones. al the last session Of Congress.
making silver coin . legal tender 10 an n
limited amount.
Resolved. That his Excellency. the Gov
ernor, be requested to forward a copy Of
the foregoing preamble anal resolution. Ia
our senators and Representative In Con-
gress at a. early . day as possible.
There was a fire in the Olympic The
alter. London. on January I'D. during
the evening performance. but there wal
no panic /; the audience kept their seats.
the actors ON the stage fought nobly. and
the flames were confined 10 two wigs.
Miss Ada Cavendish, rs the queen Of
C~onnaught," brandished n torch SO avk-