New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-18

but ARE unable to agree upon the legal relation which
should he established between them. H., d, .,n,,,,
leg tender notes cnncnrrenilv with the metallic snnd-
ards and tho effects IN rcoi upon tne innor' , ~ -
pose thai II Is possible 80 maintain PAPER W ec'i t
current circulation tn coin unloss Tue ppe 70 .,,.
o0ual I'm market value 10 coin by actual cOnNfiuOhb
into II aud thar me answer TO qu-tiOn my he "-
braced IN the answer TO the fourth ana lst gu STU"
which relates 20 the resumrton az specie ph'theht'
The f,urth oussfiop covers the best means pro-
vding for facilitating RESUMPTION o. ines mon
this point and the views upon II when aLe
written communications sdares rh ynepicnoa other
countries fnnishoa little ~ IN TIE fact in regard 10
Daprr money ssued Directly bv governments ana hasn
forced currency. SONS to be th"t u hIs ~ nb .
redeemed In con. The commis'lnn nave oe'n n
IN arrive o onlv the ore single Conclusion that re-um
tion. IN this country, Is not pTacticdnr d The sole
metallic legal tender ara REPEALED. Resumption: VIM .
those laws remain in forcr Il tre inst rs Eng
hsb resumption in 1921. effect to rue husi,IS.
gold law Of 1916. That the Two p r.Gf n,ie'.s il
together are adequate TO MAINTAIN eksths piio ,n
made at least doubtful by the fact thal so Sy 49,
tries abandoned cOin payments WIN Lotant
Of gold alone is spparl G rnany Great br tan han, a
France the ny countries III me woru ,r,
any considerable quantity oi IT, ano the n' m and
mates Of to aggregate amount tey have IN CON III ri
bars will exceed 81 3O0OoOOOo u Is nor
that there are any aIailahe ahu ,isson The total
g elsewhere In the opinion OF the commlSsoh' lno =;
quantities. in the western world arc inlc-
the average estimates Of statistcianS 1910, a,
The COMMITS on believe that the remon-tzatlnn ~
In This viii nave "A poNcftul
preventing and probably VIII prevent VI" ucl" -
ton OF silver IN France and other European cOu, 49,,
which the double standard IS stlil leghiy anu ~
eucay maintained But H. moi with-hndluS V'lo W. .
ton here. further European drnOne zatop shI t"S
place the result for Will be an adVant agcons
Of commodities which spare for money VIII
ueed. II the States OF IN IL, ~, ,na.n,I'rd
ober counfrle- i'm Europe abandon the double rtan'u
after we readop H. OF because readopt IT, II VII ne
policy on their part through which great nj -
will inre TO u.s. and great disasters VIII oeial tncn
Ii would inaugurate In the United states an era OF
per " ba sed pom solid money obtained u. on Pon','
terms and under circumstance heoessarlJ s'i""'"'
ing 10 our industry and commerce .,.
+ nsv. the commission believe that the IaclS .lit
Germany and the scandinavian sales hsYr an"peu thr
nge gold standard anu that some Otbei European a
tions p,ssihy adopt Il, Instead o. being
uerseyerac- in the attempt to cstablis1 IL IN TIE h,
States are precisely the facts which make sch an
entirely iInpractcaole and ruinOus. III inc natos ~
the continent OF EarOpe lad the double Aebdru so'
standard would possible here because VI tbht c"u
ii n they would freely exchange Soid IOI s.,Eoi;
II was that condition which eDaoied III, so "a
TO resume specie payments In eod IN 20 "a
The attainment Of such stand5fd Dec"uIo'
cult precisely In proportion 10 The number an1 '
portance the engaged In stilNlhS :.
ard 10 is precisely tlr same proportion IN. W u,
os effects Of striving after 10 are hggraVaed 10
Ia this country contest for goli standaI' WIN 'E
Europegn nations IL propose TO IL disastrous rae "
RED ucng the pricna OF lshGT and cOnmOdiIer ~ aEst
vaius tn burdens o. debt and III the uii hu'.on az"
concentration of wealth in ~ch Gil t'e co tc''' 49,,
snrr Drasur1ly, and Tie vlc,ora even moro 'H '
yuuOuIsnnd-