Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-06-17
SILVER AZ

kViCzsCANy< III VbfSu FAX
thrsadbare proposition is adhered to
that the reconciliation Of silver must
necessarily expel AL equal amount of
better currency" THAT is, gold]. is a
signal illustration of the fact that no
falsehood. once possessed Of a mother,
will ever be suffered to die for want of
= nurse. 1t also goes to show the SUI
p rficiaiity with which a paramount
financial subject may be generally dis
cussed. As a complete r%efutation Of
this senseless twaddie, 1t may be posi-
lively laid down that no State or coun
try can be adduced in which the
monetixation OF silver has served to
drive out and keep away from it any
substantial quantity Of gold, which
had been previously accumulated
there by the operations OF trade and
commerce, or by domestic production
from mines. All history were vainly
searched for any such example.
When gold has left or been repealed
from flowing into any land, it has
never. In a single authenticated in.
stance. been because OF any re-.
pelling force in silver. On the
other hand. the assertion flies in
the face Of the uDdeniable fact
that France Is the magnetic focus to
which gold would seem to be attracted
fsoin the rest Of Europe. In France
silver is money money ~infiexibly
held at a standard of value above the
varying price of silver bullion at Lon
don. In France there is said to he at
least $500, 900 900 in silver coins en-
pioyed in the minor business nsa
lions Of the people. At the same
time there was to be found in the
Bank of France, and its branches.
. fortnight since. about $i65 ,0O0.-
600 in coin and bullion, chiefly
gold. Reducing this amount to
pounds sterling, the better for COM
parison, there was at the beginning Of
che present month So. 972 900 pounds
sterling in coin ia the Bank OF France,
or more than three and y half times as
much ~ there was in the Bank CT
England at the same date, and about
five millions OF pounds sterling more
than there was in the united National
Banks Of Germany. Austria, Belgium
and the Netherlands, together with
the Bank of England. Nor il this an
exceptional state OF affairs. Taking
any other period during the last twelve
months, and the result OF comparison
were about the samoa nearly steady
increase of the amount OF accumula.
ton of coin and bullion in the Bank
OF France, and . nearly steady de-
crease of coin and bullion elsewhere
on the continent. except in the Bank
Of the Netherlands, that other country
where silver is the money OF the
people.
But France is not the sole historical
refutation OF all this nonsense about the
alleged property, under a bi-mstallic
system, Of the cheaper to expei the
doarer metal from circulation. Hol-
land mas refuted 1t in the past, and
she assuredly has her full share of the
gold circulation of Europe at present.
Under the bi-metallic system OF the
spanish American States, there can
not be said to be any lack of gold
there out Of proportion to the silver
circulation, which can be rightly as
scribed to silver monetization. As for
. mono metaIlism Of gold, SC prag
mstically advocated what is going on
in Germany teaches how chimsrical
the scheme IL In practice. The i'm
ported gold will not stay In that
country. In spite Of all the devices of
the Government to hinder the expor-
tation Of gold. to use the words OF the
London Economist, German gold
"trickles" away to France, and for
that matter, 30 does English gold.
Hostile financial interests in the
Eastern cities have about spent the ir
force upon this silver question, and less
narrow and selfish influences are gath.
srirg potential strength. Public opin.
ION and public men are fast settling
down to the discrimination that silver
shall be restored to the money service
at tho country at the nexs session OF
Congress. The signs OF the times all
Indicate this. and not the least signifi-
cant ioretokeu IL the repeated mention
In III Washington dispatches that the
whole power and induenee Of the Ad-
ministration will he cxerted to restore
the double standard. Even so wise
and conservative . man a. Senator
Thurman Is squarely out for The res
toration Of silver money to the uses o;
the people. Legislation to this end
saenss certain Of contamination in the
immediate future. It cannot be real
lied . day too
THE extremely hot weather In CAL
ffo~uIn L. Avivinu ecorao ~ poop1n tr