The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-19
silver ana laold.

Weneed put little reliance in the reports
of so,d and silver Just now. The gold
worshippers are mad, and we may look for.
capricious exhibitions Of temper and much !,
speculative strategy The resstabl ishmentoi
heIegality OF acoin$hat has been respected
nay, revered- las long as we have lived, and
that is long enough. but which is for age still
more to be yenerated--o ought by no means
to create any alarm or apprehension. Silver
is not poison, nor is 1t an enemy, that its
entrance should excite fears for our health,
or alarm Tor the country. 1t is amongst the
most innocent and amiable OF things. IT IS
in no sort ayerse to anything that is good
Tor us all. The sensation wrought, as to
danger to be apprehended from it Is wholly
fictitious and illogical; and time viii show
the.fact. .s.3
The fiirt OF excitement upon the passage
OF the silver-bill in the Senate died out all
most as. soon as it was engendered. The
.remonetizing Of silver OF course, Suakes that
metal legal tender for Government duties,
and that stops the demand for gold to pay
those duties. We know no cause for dis
turbance. Indeed, silver just now becomes
an anodyne, and tends to the restoration OF
peace and serenity to oil channels OF busi-
ness, all industries. They speak OF sill
yer as il it were wildcat bank-notes, which
tits not. The bittcrest OF its assailants ac-
knowledge that it has a certain amount OF
intrinsic value, and for that amount they
confess that tits as good as gold. To-day the
creditors OF States and people would be
very ready to accept silver under the BLAND
bill in payment for all their claims. How
eager, indeed, would the public creditor
who holds Virginia bonds be to accept to-
day silver for all his claims
The remonetization OF silver is the most
beneficent measure that has been passed by
Congress since the war. twill do no harm,
but great deal of good. For once the peo-
pie are wiser than the experts. The gold
gamblers have not all wisdom ''by Jug
ful.'' We are of opinion that they have
made wide calculations for expected gains
from the reconciliation that are doomed to
illustration and disaster.
Nor can gold be prejudiced BY the re-
monetization OF silver. The worshippers
of that metal had poor idea Of the moral
law which shapes its ends. Gold Is the
aristocrat of coin, and eve pray TO know y
what is an arstocrat without pebeian to
give him consequence and consideration?
If there were no plebeians there could be
no aristocrats. Gold is happy with silver
as its companion, but alone itwoud be IRE.
trievably miserable. 81
The s;lver-bill that has passed has merits.
The clause in the bill which authorizes the
issue OF coin-certifcates upon a deposit OF
silver In sums Of ten dollars or more,
promises great advantages. 1t does away
with the objection relating to the weight Of
silver, and furnishes. q paper currency
which will be of vast use in commerce at
home and abroad. Senator BECK thinks
this provision of the bill one OF great value.
The silver reconciliation is a most inn
portant event in the course of the restoration
of the land to harmony and prosperity. The
nation should hail it as an unalloyed bless
ing.