New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-14
EXPERIMENTS WITH SILVER.
WESTERN MANUFAtTUR PAYING 1T OUT TO
THEIR MEN TO SEE If THEY PREFER 1.-THE
CIRCULAR OF ONE CONCERN.

WESTERN MANUFACTCREES PAYING IT OUT TO
THEIR MEN TO SEE IF THEY PREFER TITLE
CIRCULAR OF ONE CONCERN.
lBY TELEGRAPH To THE TRIBUNE.
WASHINGTON, JAM 13.-The following is a sample
of the circulars which some leading manufacturers
in the West are issuing to the men whom they en-
plOy:
To The enptoBcs OF the CLTIAN x TAYLOR COMPANY.
Mansfield, OhiG. January 10. 1877.
GENriEvEN: This G mpany paws mis- month in silver
and will continue do eacn month provided il can
secure silver for the purpose without actual loss until
m3ly OF you 1snF 1%ar %5 20 has' aS In
left with each foreman. and all those who eohe The
use OF SILVER ncOnveniCnt and WHO prefer the other can
record their and as soon a. silver Is thus declared
to he Objectionable currency by the majority,it will
This experiment is made for the purpose Of testing
practically the silver question: as proposition largely
moneize a silver dollar, and CON 1t without Emit is now
urged through Congress, ana much stress j. lut
upon the advantage such action VIII bring laboring
men and Incchancs We believe tho reverse OF
mis- will he true, and while silver now has pnrchas
ing value equal other money because the
quantity coined il limited that its purchasing value il
tie Bland Bill is passed viii almost instantly decline TO
about 80 cents the dollar and that wages VIII not be
likely to advance and that inst ad Of business further
improving and bringing with it empoymc and
prosperity for all classes the industrial and
business interests of the country VIII be thrown back
at least years and the forces which have been ut
work all the country since 1873 and which have
brought bankruptcy 10 bu 1c,s AMI efOrced dleness TO
men anxious employment VIII Norh more actively aud
ftalv than ever The manifest rOgurry and dishonesty
or Government in paving off its debt at 80 cents
the dollar after voluntarily giving up s right to pay IN
silver will disgrace American cr'dIt as t0dry up IN
thn trr the channels OF European money which have
I'm steadily helping America since 1873
While il is undoniabe that silver at present brings ms
much i'm our markets az other money, it is the less
certain that when its quantity Is increased under the
Bland Bill its purchasing value will drop down Ike a
iendrn weight the present limited quantity of silver
Giving il an exchangeablo value far above s intrinsic
Wrwcyer this may be. there is patent objection
the use of silver and 10 prove ii practically the expert
men M paving silver has been adopted nv this company
Tins objection is ITS great weight and cumbr0us ncoIl-
yen mt character making 1t almost AZ unfit for the stand
ard of exchange copper would be. whether
Ills view is correct DO, the present expert
ment will determine. If you, well
trc business men and banks Of Mansfield,
ike it, and would as willingly II for currency
that we have heretofore used you will not of course,
aim your names as Directing to silver payments and.
ON the other hand your signatures will be evidence that
I'M vour Judgment. silver III unlimited quantities il, on
practical grounds Objectionable. Yours truly,
NJ. ID. lIARTER, Treasurer.
NB-rhe trade dollar in which pay this month has
about 7li2O more silver II than the Bland dollar
vnull have.