Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-02-08

/ L believe then tnat II belfHduN WtIN ~ it'
monetize silver and the Kingdoms and states OF
the Latin union were to reopen their mnts, silver
/ would at once resume It's former relation with
| gold The European countries, when driven TO
fnil ration, as believe thew viii he. must
of necessity adopt their old ratio of fifteen and a
half Of silver 10 one OF goll, and we sha ] then be
compelled TO adopt the same ratio instead of our
former sixteen to one. For If we fat 10 do Thu
we shall Is before lose our silver, which Ike al
things else seeks the hlgh hest market; aud II nj
| teen and half pounds of silver Will buy as much
| gold in Europe as sixteen pounds Will buy ia
America the silver, OF course, viii 90 TO Europe
| But our line of policy in JOINT moveme nj WIN
| other nations 10 remonctze Is very simple and
VIEW direct. The difficult problem 10 what we
! shall do when we aim to re-establsh silver with
out tie cooperation of European powers, and
/ really as an advance movement to coerce them
| there into the same policy. Evidently the INST
dictate of prudence is to coin such dollar, a.
will not only do justice among our cIlizens al
| home, but will prove protecnon-an absolute
/ harcade against the gold monOmetallis's Of
/ Europe who, whenever the opportunity offers,
will quickly draw from us the Que hundred ana
| folty millions of gold coin still 10 our midst. And
If we coin silver dollar of full legal tender oh
viouslv below the CURE Mt value OF the gold dol
lar, We are opening wide our doors aud inviting
Europe 10 take our gold. And with our gold
flowing out from Us we are forced TO tie single
silver standard and our relations 18th the leading
commercial couBtnes OF the world are at once
embarrassed and crippled.
Thiri. TIE question before Congress then
sharply defined 10 the pending House bills,
whether it Is now safe and eNpcdlcut TO offer free
coinage 10 the sll'ei uoHsi OF AZ - grams win
Inc mihts OF 'he i'ath union c'o'ed ana "'INnanl
mol pelmNunR s'Ne' 10 oe to'neu a m'uof ~
containing 4!2 - grains, worth gold about
ninety two cents gives an lleglllnate profit to
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