The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1877-10-25

The report oi the monetary commission,
submitted 70 congress iasl Week, contains
the following iOrclUle statements:
lie world haseXpendeu Il vast amount
OF labor IN the production OF the preciOns
melals, aud LAS made great sacrifices III
uphUidlng the automatic metallic system
ot mouey. aud has u right 10 Insist IL SHAH
be consistently let alone 10 work uut It's
own Conclusions, or that II be Abandoned.
The legal right OF he Uuited sta es IT,
pay Is boAds III gold or SILVER AZ lis OPP
ton Is 90 clear that no serious denial Otlt
Ia ,n.d.l tha niart Ihof ih..U ~ - - -
shadowy grounds. There Is no dispute
about the facts THE case or the law. A
contract has been entered into tetwGen
the government aud its creditors, inYol-
slnK contingencies when may favor
either party, aud both parties must abide
the issue, whatever II may be. IL would
be beneath the dignity ofthe government
10 demand any advantages which the law
and the contract made under II do not
confer. 1t would BIZ violation OF Justice
and betrayal OF The great interests con
nded 10 It's charge to accept anything less,
Thegovernmentls al agent,and not u prin
cipai. IL Ia the trustee OF the nation, and
mnsl iLd the charter and guide Tor TIE
administration OF the affairs Entrusted TO
u IN the law aud not IN sentiment emos
tons. The attempt 10 lrighten the gov
eminent from exercising Its undoubtcd
right 10 pay Its bonds 10 the cheaper met
al by prociaiming that II 1t does SO its
honor VIII be furnished and its credit i'm.
paired al home aud abroad, Is unworthy
Vt consideration. The punctual fulfill
ment TO the letter OF all obligations Is the
surest aud best support OF the credit OF
any country. Its honor can rest perinan-
entiy Ia peace aud war only on the pat
rionsm Of Its people, which is sure TO be
weakened If Ihelr substance IL taxed to
pay premiums for the applause OF its
creditors. The United States is the only
nation that has never made a default IN
its promises. Ii has never tailed TO
meet punctually and fully all It's obi.
cations. We are largely the debtors of
Europe, relation We do not occupy 10.
ward any other quarter Of the globe.
he aggregate OF our indebtedness, pub
Tic and corporate, held there IS estimated
~ excecd $4,000, COX, 900, and Ia, on any
NSs@PNs6dHnt au QUILL Al j
10 taken Of 81 ,000, 900, the annual in,
teren must be FULLY Sl0o,000 900. This
10 the minimum OF the current estimate.
u 10 not tribute In the odious sense
exscled by sovereign or imposed by
conqueror, but In It's present financial
effects 1t does not differ from either, and
there has never been any parallel TO II In
hIstoyy, anclent or modern. so far as 1t
10 true. as II doubtless Is 10 some extent,
thaf our Indebtedness 10 Europe is paid
nom The sale OF commodities elsewhere.
America al debtor country Is interested
Against such diminutlon of the worlds
measures OF values as would result from
Qsmonetlxin2 silver, and ought to throw
ne weight Of ia example and eDfluence
egAinpt 4. f'he investigation shows that
The product Of the Big Bonanza thus Tar
has not exceeded $50. 800 900 during the
Tour yesry that II has been worked. max.
ing a aunuai average OF about si3 Oo0,-
90. ~ which - per cent. was gold.
leaving Sor the aYerage annual product
OF alyer from this ore body fraction
over q 10000. Taking all the mines
Of me Comstock lode together during
sixteen years OF Unprecedented activity
IN mining, insisted BY the most perfect
and powerful mechanical appliances,
there have been found some twelve or
thirfeen ore bodies. which have Yielded
altogether about $40. o0o. 90, or an apnu-
q averAsc OF SIS 900 900, Of which about |
~ per cent. lor q. lbs ,0Oo) was gold, |
leaving EE5,00 as anYerage
annual production Of oliver. TSs
silver product OF the stste M Navod,