The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-03-06
mo SILVER B,ather.

rhe threatening predictions % tho oppo-
nants Of the most nssble measure OF the
tlmes-the rernonctization Of silver are.
slow ia fulflmenss bus the prophets only is
ayail Themselves of the old device Of false
prophets they put forward d little the date
81 the fulflment oil their predictions. Thus
Tar there has been nothing startling, and.
people are. ndering at the snaoothness Of
the voyage afterthe passage Of the act which
1t wasS aoretold would bring on q financial
earthquake. The truth is there has been q
deal 81 fudge and no little strategy amongst
banks 10 elicit distrnst BY helping TO keep
silver under the BAN But such is the prac-
ttscai utility OF silver that society will M
ttusaliy settle down into its quiet and sue
cessiul employ ment without ripple OF e .a-.
element. The financial reports Of Wall
street are insipidly dull. Even gold has
NOT enough Of gayety to essay caper. 1t
moves d little In the morning, and returns
1t night to its quiet morning seat. The
Herald says that the commission brokers
were drudging away at the unremuneratiye
toll a
OF dropping buckets into en- ply wells.
80 And growing old in drawing nothing up. e=
Silver is the happy medium for the daily daily
business OF society in its peculiarly dom les
tic affairs and OF the retail trade OF the
land. It. makes wholly unnecessary those
small potes for which all have an aversion,
and which have, done more to spread con-
tagion than any other thing that circulates.
Silver makes coin that is Of the right size
and readily recognized. 1t avoids mis-
takes, and makes change so beautifully.
The silver quarter is a social benefaetlon'
The silver coin dispcnses with the neces-
sity. of any denomination OF paper below
SIS in value. Many economists contend that
$40 should be the lowest denomination OF
paper. The Bank Of England Issues nc
note under s5. Among the distinguished
economists in this country MIR. CALHOUN
advocated the $20-bill as the minimum
limit upon paper money. Silver, co6pera.
ting with gold eagles and half-eagles, would
subserve all purposes beneath that. But
the American people are not prepared for
Limitation OF paper money above the So
L.. 3
note. So ~
There can be no disturbance. growing out
| OF our bi-metallic basis, save from a tempo
rary inequality in their relative values.
That may be regulated when so great as to
require regulation. But the existence OF
the two metals has been found in relative
quantities SO much the same in all parts OF
the world where they have been developed
by mining that there is no good ground for
apprehending any serious disturbance.
Should it come the remedy is ready, md
has been pointed out in the silver act it,
self.
Silver is the money OF the people; it is
the money of public accommodation and
general thrift. This country will probably
absorb in its business and enterprise some
$500, 1000, 1000 of silver coin. To that extent
will paper money be dispensed with, and
thus silver will become the financial ballast
that will keep the vessel trimmed and pre-
vent imitation. The dearest interests Of
government and society demanded its re-
monetization.