The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1878-02-22
That GOLD bug, Again.

EDITORS NEws:-It seems am not
only regarded as q bag, butsa gold one, by
the financial editor Of the NEWS. cheer
fully state for his benefit that it is q case
Of mistaken identity; hence it is some 9TH
er fellow that is "pinned mp"
The NEWS stated in its issue Of Feb. LIST,
on the authority CT Senator COckerell, that
sit was gold, and net silver coinage, which
had practically been abandoned" and
quoted that Senator to sustain its position.
1 showed from the reports Of the Director
Of the MInts, that instead OF that being
the case, the gold coinage from 1858 to
1877 was more than four times as much IS
the silver coinage, and that, noEWIth-
standing there had been an unprecedent-
ed increase Of the coinage of the latter
metal IN the trade dollars to supply . new
eastern demand. After have shown this
the editor coolly announces that have
"pinned myself up better than was be-
fore, c r, In other words, by showing that
there is four times as much gold As silver
coined, have shown, better than Senator
COckereIl did by stating there was good
deal less, that the gold coinage has been
"practicaliy abandoned" That may be
logical, but IL 1t Is, II Is of the same kind
of logic as that Of an old gentleman who
show ed me when q boy, that cat had
three tails, and that this side OF the street
is the other side No one who has given
the subject any attention pretends to de-
ny that when the coinage Of the silver dol
lar was discontinued in 1878, 1t was worth
more than the gold one, and hence practI-
cally obsolete, as it had been for thirty
nine years before that. Neither has this
anything to do with the NEWS statement
that gold coinage '.had been practically
abandoned" and which was the only
statement, of that issue, which attempt
ed to refute. 1 should be very glad to see
an unlimited coinage of gold and silver,
and each an unlimited tender, If It could
be established on q basis that would keep
both metals in circulation in the country
1 don't believe 1t can be done; 1t neueT has
been done by any nation. 1 believe II we
are to have but one Of the metals an I'M
limited tender and coinage, 1t Is better to
have gold, and to make silver the subordi-
nate metal, if for ne other reasons, be-
cause of the great supply and the exceed
ing greater convenience of gold. By an
international agreement Gas to the rates
of coinage) of the United States with sew
eral other of the important commercial
nations, a much larger amount of both
metals could be kept in circulation than
in any other way. l believe it would be
preferable for congress to pass the silver
bill and have it become a law and be done
with it, than to have this suspense go on
indefinitely, paraly zing. in the mean time,
the whole business interests of the coun-
try with uncertainty. Let every one ask
himself, '-how will it affect me?"
1 can't see how it is going to benefit any
one in a very great dearee, except the
holders of the silver bullion. If silver ap-
preCiates to gold, as nearly all the advo-
Gates of reconciliation claim it will,
don't see as it will make any difference to
me whether 1 pay my debts in silver or
gold dollars.
Unless l have something to sell, labor
or productions of some kind, don't see
how am to get either guild or silver to
pay with. While 1 acknowledge that &C.
cording to the letter Of the law, govern
ment bonds may be paid in silver, 1 think
there is question of policy to be consid-
cred. 1 don't believe as a nation we
should make anything by paying in silver.
Legality is not always equity. In the
disposal of the bonds, as silver was worth
more than gold, gold was the coin In the
minds of both buyer and seller, in which
the transaction was to be carried out.
The intention was to pay and to be paid
In gold.
1t is an old and homely saying, but very
expressive, and as true of nations as indi-
ividu ais, that "those who dance must pay
the fiddler" 1t is too true that as q people
we have wasted our substance; now,
when we come to the husks, the inevitable
result of what has gone before, we want
to get rid of them by some patent method
Of creating wealth, from our ''inner con-
scIousness.''-or, with printing press.
| am afraid that after the silver bill is
passed, some of US will be wonderfully
| disappointed as to the results, and will
still be in the condition OF the babe with
an apple In each hand trying TO pick up
another from the floor; or like the ass be-
tween two bundles OF hay starving to
death because he can't make up his mind
which bundle to begin on.
RESUMPTION.
Bishops of the n. e. Church, South, !"
a steel engraving of bishops Paine, Pierce,
Wi0htman. Kayanau9h Do01efk Mo-