Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-02-15
Their Rights as Sacred - those Of
the Bondholder.

comparison OF the sacrifices In and
property necessary for Its acquisition ct
the two periods respectively. Under
this definition, has silver deprecated In
value within the last Ave years? Does
Il require less sacrifice Of labor or prop.
srty 70 acquire Q silver dollar Of 4l2H
grains than Il did whom Il was dsmone-
TIED He quoted from the different
financial authorities Of this country and
Europe, 10 show that silver has recently
risen rather than fallen In its exchange
able value. aud that the purchasing
power OF gold over commodities gen.
orally has increased In very much greater
ratio since 1872 than Il has over silver
bullion. The only great country which
exhibits any degree OF prosperity IL
France, which maintains q silver circu'
lation Of $500. 600. 900 on q valuation
Of silver equal to 400 instead Of 4l2H
grains to the dollar. % proposed In the
bill under consideration. Even In that
| country there are now unmistakable
prsmonitions OF approaching ~stagnation
In trade and industry. caused, doubtless.
by the unwiss suspension for . year and
q half OF the coinage OF silver. The
invasion OF hard times can only be suo.
csssiully met aud resisted by o return 10
its old pslicy Of unrestricted coinage oil
silver.
NO FLOOD or SILVER To III YrARxD.
1t has been persistently urged that
II silver has not deprecated its tenden-
| cies are In that direction, and II we 70.
monetizs II We shall be overwhelmed by
the discarded stock Of other nations,
and that the country will be cursed with
q fiuctuating. deprecated. unreliable and
worthless money. Look 10 whatever
quarter we may for the sourcs OF this
threatened food and II cannot be found.
France has mono TO spare. Reliable In
formation from Germany shows that the
| disposabls stssk In that country does
not exceed 10000, 900. This amount
might be emptisd into three or four Of
the Western States without producing a
futter In the financial atmosphere. Eng
land has not now and never keeps any
considerable stock Of silver on hand. but
Is constantly obliged. In order to meet
the demands OF her commerce with In
dia, to telegraph orders for silver on
| San Francisco. There are no dispose
BILE stocks elsewhere. either In Europe
or America, and silver never returns
from the Eastern world. Whenever the
| prediction has been made that the mar
ksts were 10 DO flooded with any other
articles than silvsr-such az cotton or
whsat-it has generally been deemed
necessary. II the object was to affect
prices, production OF use Of those arti-
clss, to point out specifically from what
quarter Of the globe the flood might be
expected. But, In respect TO silver.
there has been Q beating OF gongs aud q
universal shout OF warning to the peo-
| pie TO maintain Legislative dikes against
the incoming floods Of that metal, whose
source they have been unable or unvill.
ing TO point out. The Comstock lode.
confesssdly one Of the greatest mineral
bearing veins over discovered. and in the
hands OF the most vigorous, pushing,
energetic, ingenious and stirring people,
has yielded less than $500, 0O0. 900 Of
silver since its discovery. twenty years
age. During that time exhaustive ex-
plorations have been made along It's on.
tire length TO the depth OF 1900 feet.
In view Of facts like these something
more Immediately threatening TO the
value OF silver and more plausible than
. dsluge Of that metal from the distant
mountains Of Peru Is needed to brighten
the people from restoring their ancient
money standard.
THE DIcLrsK IN RHAL EsrATE.
Money 10 the origin Of exchange. and
when through . decrease In quantity Il
10 rising In value, commerce and In
dustry become ~asphyxiatsd. The bust.
ness Of the world Is o writhing and
sitting under tho exhausted receiver Of
a standard shrinking and shrunksn 10
the continually apprecisting metal OF
gold alone. Savings banks, trust COM
panies and insurance companies are
tumbling into ruin every day In all parts
Of the country. In the great majority
OF cases the real estate securities, now
sinking In value on their hands. were
judiciously selected. Their mortgages
are weak. not because they were dis.
honestly or unwisely taken, but because
prices have been struck down BY lsgisls.
ton impossible to have been foressen and
guarded against. From every city In the
Union from Galveston 10 Bangor and
frCm New York to San Francisco-we
have but one report. The fall that has
taken place In the price Of real estate
under the menace aud approach Of gold
payments is not confined to the United
States. Wherever tho gold standard has
been or IL being established, q similar
depression prevails. In support OF this
| proposition Senator Jones quoted from
The London Ecoromisi aad other author.
tiles.
pryKsxsk or HIS MOTIVES.
Al the close Of his argument, Jones
apologizing for the necessity Of obtrud-
ing personal matter upon the SENATE.
defended himself against the charge OF
advocating the rehabilitation Of silver
from unworthy and sinister motives. lie
was not insensible to the labored endea-
o TO disparage his action by The state
ment that he was an owner In the DO.
nanza mines. and that his personal
gains would Be directly and immensely
enhanced by silver demonstration. he
denied that he hsd ever bad any oonsid.
cradle interest In those mines. and what
be had has long been disposed Of. He
did own stock In one Of the non'paying
u;c.. nm tha nonstonk lOda. Thig