The daily gazette., 1878-11-22


GOLD AND SILVER CURRENCY.-The
Every Erening and Commercial, has the I,
rabbies again on the silver issue. Its
former assertions that gold would go up
TO ten per cent, if the Bland Bill were
passed, has not been realized, las gold has
come down nominally TO par, and re-
mains nominally at par in spite Of any
opposition of all the organized corpora
tions and gold gamblers to keep it up.
Or, more properly speaking, the silver
bin has sent greenback notes up to the
par OF gold. As the greenbaeks are the
peoples money, it may be said the pas
sage of the silver bill has elevated the
peoples credit.
BE this as it may, it is evident that the
moon struck" man of the old CONNER
cidi has determined to show his opposi-
tion to silver and every man who favors
silver. His abusive and insane assertions
that all the Senators who voted for the
silver bill were "consummate fools, and
that all the Representatives in the House
that voted for it were ''fools and knayes," :"
has hardly died away after the passage
Of the bin and its wonderful effects been
witnessed, until the editor gets in rage
again and lets drive his thunder with
more terrible yehemence than ever. He
now supplements his predictions. (that OF
the rise in gold having failed,) with
prophesles of direful calamities such as
our having incurred the suspicion OF
being "a itdtion Of rdscdLs;" and in addi-
ton the silver currency, he alleges, is to
destroy all our splendid prospects for sell
ing our surplus products abroad. Here
the Ecery Erening seems to be quite as
unfortunate, viewed in the light OF
truth and experience as in all its former
predictions. For the progress of our in
creasing trade, was never so rapid as il
has been since the passage of the silve
bill and that metal in great volume ha
been added to our currency. To prov
this we might refer to the immense an,
unprecedented balance of trade that
shown to have accumulated in our favo
during the last nine months to Oct 31st
but as our intelligent readers have a
seen this, we will merely quote the 70
lowing paragraph from the Philadelphia
Press, of to-day:
Some idea of the rapid progress of IL
breadstuffs trade of Philadelphia may
inferfed from the fact that we rec .lv,
here yesterday 3.20) barrels OF -four again
297O barrels on the same day last yea
J he total receipt since November / a
1850 barrels against $3.50 barrels san
time last year. and the total receipts fro
January | to November / were 1865
barrels against 576, 200 at the same time
ISL The receipts of grain at the pt
have been as follows:
Nov. to q Jan. to Nov.
1873 1871. 1915. 1s77
bush. bush. bush. busl
Wheat O54,5O> 23o.sO1 s,S65 ,6O9 8 44s,.
Corn. $3.50 4li,30 20,80n 800 II t2s
Oai,...5 1l4,600 n0,4O0 2,7O7 80 2,2el,
This war against gold and silver
standards is really a war of pigln
against nature. And we need no stron
proof Of this than may be deducted fir
the speech of Senator Bayard, in
Opera House, on the night of the 4tl
November. His lucid and very pl
description Of these metals, to prove t
they were as marked as though poir
out by nature to be the measures of va
showed to every rejecting mind |
neither of them could with safety be
pensed with, In defending these me
as currency we are defending the De
cratic platforms, State and national.
such we understood to be the line of