The Leavenworth weekly times., 1878-02-14

II cusyI-cu Win lEc lI4a itEda ICHAG
faculty, rises 70 Pa. with gCld, especially !
we rate metaN higher than other nations
using it. One reason why greenbscks hay,
been and are deprecated Il the fact thai
they have not been receivable in payment:
( Of cu-icm duties or Of interest on the
/ public debt; bus make TIE silver dollar Of
il2! grains fine legal tender. it will bt
. receivable for both these Purposes, and il
mast closely approximate, If it doe not
reach par with gold. | believe, said Mr..
Thurmsu' it viii reach it; but suppose it
Goes not, and suppose Greshan!'s law 10
have it, effect, u what extent would gold
be expelled from the country by silver 4?
NaniiesIly oniv % fsr a. silver supplied Its
place. Three hundred millions in
gold could MT be driven
oat by an issue OF SJ0.0uO. 900
Of silver. The utmost effect could oniy be
To cxPel so 0O0,OJJ Of gold, the place OF
which would be taken by silver and the
volume Il metallic money would be the
same; bus would the SO, ,000 900 Of gold be
expelled? ? Not unless S5Oo,U00,OO0 was all
the metallic money that the country need
cd. IL needs S350,0O1 900 ard it needs
more Io safely and certainly maintain specie
payment The gradE d: addition OF so, ,O00,-
0O0oi-ilver to 500 OJ0, 900 OF gold would not
drive gold 0uI. but in truth. We have not
Balf OF 500 900 900 of gold, and when We
consider how slow will be the process of
coming silver dollars We will find that We
are in nn immediate danger oi losing our
gold. Ii gold be expelled it will not be so
Iuch by silver currency as by our small
notes. Whether the people of the United
1 fl,.0, q.
notes he could not yenluro 10 predict, bat ii
they would not they must agree that the
worth oi United states metallic money
shall b. shorn Of its functions, thar OF a
circulating medium. Another sci OF reasoa-
,r. arsur,i that silver would go out OF the
country sE3Jid the dollar OF ll24
grai..- be coined; that as silver
was uniervalurd in a dollar OF 4l2l grains
a. compared with It's valuatinn IN the
state- Ui the Latin union, il will leave here
and y IS into those states, and 50 ii uIaoubt-
edly won!d tend tO.dO were these states 10
open miuts tu an unlimited coinage Of FIVE
frame pieces. but he ;a,eusht they would
not do 50 Another obi scti0n to the bill
was that ii it rhould become law,
We Yould be flooded with silver
that Germany would pour its surplus on Us
and our mines would produce 50 much that
We wouli have more than We knew what to
do with. lie had no fears from Germany.
Il va, ~aIi that she had $50, 900 900 TO
spare. SuppJse il WIS all poured into the !
I ntcd State We could absorb it all without
injury but il would not be |
poured into this country. Germany
could not spare her silver, bu; ii she could |
he greater part of i; would be much more |
likely To go TO Asia and to Russia, Austria, |
and spain, 10 say nothing of the Latin |
states, than 20 come 10 the United States.
sho undervalue silver as compared with |
he rest of the world. He did not think We
ild anything 10 fear from an excessive
product Of our mines. 1t had been argued
hat our foreign commerce would be
destroyed, would be disjointed, by the pass
,ge of the pending bill. Had We not car
led on business during the past sixteen
'ears with all inconirovertible paper cur
,epcy, and was not the balance OF trade in
,ur 'vor? Now again, IL had been ar
,ued that the national credit would be de-
troy.d How DESTROYED? BY us paving
,ur bonds as We promised 10 pay them?
The United States needed M such
,rop a- a single gold standard 10 support
Is credit. The resources Of this country
we're TOO wen hnoWn ior ner creui' 10 pe III
'"eu nc io"Seu :" '.. ou' .t .u
leu ~ hoi',e anu ho' a'lo'., - 'h"' 'here
ca to enrich Europe.
A A,elegram this morning informed us that
600,O worth OF our bonds were on the
ray home from England. They would be
citing back from there soon whether this
III l'asHeo OF not as Tue interest upon our
ohus WIS Sre"'er 'hIii 'ha' upon any o,
he European s'ocS. III our bohas should
Z sem nome 'ney must nnu PurehaSers IN
ne hite" states ana suppose thvy shou'd
hu such purchases "3"id NOT every one
tne lana pe Sian that our poiiI' were
eid al nome Inc Engiisn oepi was
cru : ps i'"2i's,'',e"' 'he ,'e,i'i' "e'' ~
rebchhie;i, ana ne hoPeh 'iie uas "Ouiu
onie "heh the American cep'
'ouid DC heia py AheH-
ans. Inc idea oi specie payment
D ine niled states "otiiu soon oe aodhI-
ned. Every opponent 10 an irreeaehaDie
aper currency, ana every lriehl oi specie
arrency should Insist upon the idll remon-
tizaiion ol slver: -.
Mr.. MIN IN sald ne womb pe .Siaa IL
ie cohid hold our nonis Al nome. nnt as
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