The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1878-05-24

WASHINGTON, May 18th. 1873
Among the reasons urged in opposition to
the reconciliation of silver. one of the mos,
prominent, has been the increased production
lodes Of silver ore in Nevada and elsewhere
1t now seems, however, that gold bonanza
has been discovered about sixteen miles from
Helena. Montana. which promises to be as
productive as the famous big bonanza itself
and while the latter yields about forty-five per
cent. and gold to fifty per cent OF silver the
former yields almost pure gold In view of
this fact and of the great increaseof the gold
product to be expected as the result OF intro
duclng the new system of hydraulic mining.
(Which is not applicable to silver minng) 1t is
OF gold rather than of silver that excessive
supply Is to be apprehended.
One OF the strongest arguments in favor of
the double standard system is furnished by
Professor w. S. Shaler. OF Harvard University.
in his article in the May number, OF the AT
lantic Monthly" on The Silver Question
Geologically Considered" In this article Prof.
ties on the past production OF the precious
metals that the supply Of silver has been vast
ly steadier than the supply Of gold, but that
from the geological distribution OF these
metals and the conditions under which they
are found, it is to be anticipated that the
fluctuations in the gold supply must always be
comparatively great and that il a single stand
ard were to be used, silver standard would
be far more nearly uniform IN value than
gold one. This excellent article. expressing
the views Of a scientific man. who regards the
subject from the standpoIn. of geologist. and
not from that OF a partisan. deserves TO be
widely circulated both here and in Europe. II
the facts 80 clearly set forth by Prof. Shaler
could be made generally known 10 European
Statesmen and economists, there would be but
little difficulty Ia Securing the appointment OF
the international commission asked for under
the silver act recently passed. and still less in |
inducing such commission to take the requi- |
site action to insure the full rehabilitation of |
silver as money.
The reception Of Mr.. Speaker Randall last
night, was an ovation to the gentleman who
occupies the third official position IN the gov
eminent of the United States. Over 200 in
vited guests members Of Congress and other
distinguished gentlemen, filed his house. No.
10 G street, southeast, and discussed tariffs
and tarapin, Gates aud communism. flowers and
finance, with equal govt and grace. Mrs.
Randall's taste had adorned parlors and dining
room with lavish display Of flowers, and the
Speakers tact met each guest with such grace
lul courtesy as made him think the flowers we're
4 compliment to himself alone. A couple of
hours we're spent pleasantly and probably, and
the guests departed equally satisfied with sup
per and speaker. majority OF the guests
we're republicans, who. while condemning the
speakers politics, commended his politeness.
md though heartily amenting what they held
10 be bic hereses, yet highly Landed his hospi-
ality. The speaker, to avoid the discomforts
u an overcrowded house, very sensibly invites
ais friends by installments, and the result is
hat the number present at each reception is
never more than can be satisfactorily enter