The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1878-02-21
rnE sILYER QUESTION.
Leading Gold Paper Throws Up the
SnonEe.


from the Cincinnati Gazette
There is no reason for doubt that the
Bland bill, making oliver legai-tenuer lot al
debt, public and private, and recelVsoie lor
customs, will pass Congress by so iafge
vote that a veto would be useless, even II 2
veto of bin so thoroughly agitated, and
which Is evidently according TO the popsilai
mind, would be according 70 the conS cons, u
tional intent Of the veto. This Dill VIII, %
law, put our specie money and specie nh
anees all on the silver standard, whether lna'
standard be low, or high, or sliding.
The Gazette has earnestly opposed THIS de-
parture from that which has practically been
the standard OF our specie for ~ years, Ier
the reason that silver is Of variable value IN
the world, and that our experience mas
proved that the way to have the largest
Quantity of both gold and silver Is by having
gold the standard, and silver subsidiary;
The popular cry for the silver standard aiu
not move us. We do not stop to ask What
thing is going to catch the popular cry we
advocate what we believe to be best for the
people.
But this is Government by the people,
right or wrong. This bin is about 10 be-
come law, and we think the popular voice
sustains it. When it has become law, With
such popular support, our further resist
anee will be useless. The country VIII nave
been LAUNCHED upon the silver experiment.
and II will have to be fully tried. And nOWs
shall be as earnest that the experiment OF
the silver standard shall be fully tried, as we
have been against the change to this stan
dard.
We shall insist that It shall not be kept
from operation by setting up any fraudu-
lent difficulties. nor by any restrictions up
on the utilizing Of silver in all financial ana
commercial operations. IL has been adyO-
Gated as indispensable TO aid resumption in
1873. We insist, therefore, that It's AID TO
this shall not be restricted to the SUN OF
TWENTY-FIVE, thirty, or forty millions, or
whatever amount the mint can coin before
that time, but that the facilities shall be ap-
! piled to ii by which gold bullion is made
available without coming, for large TRANSACT
lions OF finance and trade.
We insist that silver shall be treated with
/ the same confidence a. gold, not dan
/ gerOus beast, TO be restrained, but as a good
| to be had to the utmost. We insist that the
\ silver standard, once enacted, shall be made
/ to come into full operation a. soon as prae-
/ tieable, so that the long uncertainty that has
/ weighed on the nations energies shall be
/ terminated. We insist that whatever Of
l good this lowering of the money standard
/ can do shall be enjoyed by the people OF this
/ time, and not put of till the next genera
I tiOn by artificial obstacles.
The capacity Of our minis Is no limitation
/ on the immediate working Of the silver
! standard. Civilized commercial countries
I 90 not coin lnelT money Httdi- i'l
| large transactions. BY receiving stamped
/ bars for customs, by receiving
/ them on deposit in the Treasury, and
/ issuing silver certificates NJ their coinage
value, and by assaying and stamping bars
/ for ali owners, together with the working OF
| the coming capacity Of the mints, the whole
/ silver product can be speedily put into form
/ to serve as money, and utilized as fast as
/ taken from the mines.
/ This is that which will give the silver
/ standard a fair trial. This is necessary to
/ settle the money standard and to remove the
uncertainty and fear that are crushing ali
/ the energies OF trade and industry and are
/ keeping capital in boards. When this stand
/ ard shall have been adopted by the passage
I Of the Bland bill, we shall insist that the
/ experiment be tried in good faith, and that
/ all these and other facilities, which we
would freely apply to gold, shall be applied
/ to silver.