New-York tribune., 1878-02-16
TIE SII.VER POINTS.

To IN EdtfOr or IHc iFiONhe.
SIR: /. Why was the silver dollar OF 4l2i2
grains dcmon"tizedi
=. Was it lesal-cnIer in unlimited amounts for the
payment OF all classes oi deb-i
3. was it worth. the date OF the act OF Congress
demon, tizIng silver. 103 cents In gold
f. II So why would it not be worth the now, If
silver were rcinonetizcd and its coinage orier'dl
D. We're the bonds Of the Government issued from and
after july E. 1870. made psyabeprneipal and inter-
est-n the standard coin II the United states, which
coin included the silver dollar Of 4l2i2 grains
g. II So Why not have that kind OF coin wherewih To
pay thcm thereby saving the gold to meet such oblisa-
;ion expressly stipulated to be paid IN gold!
:. I, the present very slender premium ON gold
due 10 extent, 10 the action Of capitalists III order
10 Offset the silver agtatOrs
: II the Government adhercs to its promise 20 resume
specie ymrnt January 1879 and can Use both gold
aud silver m paying obligations. would II not be bet
and insure tue success OF lis a'tcnpt T.
. While there may be comparatively few citizens Of
"a, country who would care To handle IN their CONNER
cal transactions either silver gold after the green
nacas sa nave apprccaidt u 100 cents "n the n3iuf
ious OF capitalists will OBTAIN ana present a the Treas
MY sufficient qnanuiies Qf the Goy%rnments paper 10
muatc by umr set for icsutnptoni
10. Would LUt tie holders OF this gold lmnc"1tty pm
It - premium, and would NOT resumption he tlen
Tho LARGEST and respectable OF local newspa
psrz. such Thc DayeEporf GG-eiie ana LHTti"gtn
HnTktBc, al cquN0c AIN on your t' oi ta -l"dt
question. and Wine ihcy pose Mr.. Price VCEs nave
not think, cO.Dbaiicd iheh succe'siuly. fOr c"ui-
RS readers. who without TO brITcs aud doc
uiucnts by ex imitation Of which thcl might settle
TO nrir satisfaction such question, "a, thc Iotsuhs'
there dlr,ct rOld 10 thc facts than
IVES, Lijeriy. io'ca. CAIrB ELLIOTT.
[ins,rcr.-l. Because being worth then. and for
many years more than the gold dollar II was not
supposed that il could ever be used.
H. IL was. But paymcnts were practically limited
by the impossibty of getting the SILVER even if it
had fallen below gold in value
III. It was. nearly and had LONG been exported as
fast n coined, because of ITS bullion value.
" Because the bullion value OF silver has tallen
in all countries Also. because all channels of cir
culaiion are filled with paper, which would be
cheaper.
V. They were. But nobody could practically pay,
and nobody expected to be paid, III anything but
gold.
VI Because Il would be rcsuming, for The purpose
of wronging creditors, legal power which WIS
worth nothing to the United States when granted,
and which the nation formally surrendered by Law
before il was supposed that it could be of
VII. On the contrary, all facts tend TO prove that
the premium would have wholly disappeared but
for the distrlst caused by the silver agitators.
VIII The Government cannot use both, because
the unlimited coinage of silver would drive all gold
out of the country and leave Government only
silver receipts with which to meet coin debts.
TX. No combination of capitalists can drain fifty
million in gold from the Treasury without Ike
contraction Of lcgal-enders, which would make the
notes worth par III gold. and stop the drain.
" Holders of gold cannot put II at premium,
when twice as much gold AS has served all uses for
foreign commerce and bank reserves can be drawn
ont at par by anybody having legalt-enders. The
pgyng ont Of half the store now in the Treasury
would break and bankrupt any combination that
has ever cxistcd.-Edl