Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-03-22
A FALSE PIE

When the Silver bill was pending In
Congress. Eastern pap,rs m. subsidized BY
Wall street capital. raised a great howl
Of alarm for the business OF the country.
We were told that IL silver was remons-
TIED the first effect would DO to destroy
Whatever Of prosperity yet remained In
the country. and that the nation would
DO precipitated into that bankruptcy
over which II has bean lowering for the
last Ave years. Precisely in what man.
ner restoring silver to its proper place
as money was to eliminate in these dire
disasters Il was not stated. and 1t was
taci.ly assumed that this was none OF
the peoples business. That. was q
question for bankers and brokers TO
answsr. and having answered 1t accord
ing TO their several interests, Il was u.s.
sumed that the nation should accept
their conclusions without troubling it.
self to Investigate their premises or the
course Of reasoning by which they had
arrived at tho end. The people. how
ever. declined to accept the word Of
these men on trust. One thing they
knew, that since the characterization Of
the silver dollar times had steadily
grown more stringent. and they argued.
as desperate men always d.. that moth
ing could increase the distress, and that
any change which gave the most distant
prospect Of relief was better than the
continuance Of the certain misery which
they were suffering under the rule Of
King Gold.
And 90 the silver bill vas passed in
spite Of the solemn warnings and
frantic appeals OF tho money shavers
Who saw their percentage Of the poor
mans wages about to return to the poor
mans pocket where 1t belongs. One
OF the most rampant Of the newspaper
organs Of the gold ring was the New
York Public. This is the great national
organ Of bankers and brokers, and
while the bill was pending in Congress
its columns teemed with profound
philosophical arguments in favor Of the
rich and against the poor. II predicted
widespread and utter ruin to the
industries Of the country. unless the
demonstration scheme was killed, and
promised all manner Of good things
provided gold Was retained as the single
standard % value. Its editorials we're
autographed all over the land; and
printed iu every newspaper in order to
influence public opinion. Now, how
far has this financial paper proved u
trustworthy prophet What has actual
ly been the result Of reconciliation
sven before the new dollars have gone
into general circulation Let the
columns Of this same Now York Pablie
answer the question.
In the edition Published yesterday
the telegraph informs as that tho Public
prints the following as q leader.
A hopeful change appears in the EI.
changes Of last week. Returns from
seventeen leading cities of the United
States for the two weeks ending March
10Th, a. compared with the corresponding
weeks last year, show the small loss Of five
and five-tenths. The losses and gains are
IS follows:
Losses, New York. G 10; Philadelphia.
Is i-i0 Chicago. II 2.iO; New Orleans.
2-IO; Cincinnati. 4il0; Louisville \
5-l0; Pittsburg. II t-l0; Cleveland. 2
lilo; Syracuse, II lilo.
Gains, Boston. 6 lilo; San Francisco. &C
$40; Milwaukee. IS lilo; Indianapolis.
$40; New Haven. l $40; Lowell. 2
$40.
The decline at New York, New Or
leans and Louisville Is due entirely TO
the transactions Of the first week Of
March. for a gain appeared In the Sec
end week. Milwaukee does remarkably
well. becaass ,As wheat. movemsn. Is
large this year. and was unusually small
in 1877. The increase at Boston is
probably due to an Improvement In for
sien .aas. some =, .ns A.uI,ns
On ,bs whole ,bs rstnyns are bstt.r'
prices considered. than they have been
for many weeks. Uaqaesfionacty u,
Pes'9e cy s oaou oa "s y'o. zee
c.pss /. Mi =. nss..S vas M xor.s
sn5 n.,,iv h..sn.i !, ~ s,;Ii .,na.,.J ~
nro,s hsii.r in ss.ct than /, really will
~. -. ~, 49,, Ill -. nj
founded. hops has aeiualy revived u sons
quarters aud a better business may 6olo,r.