Vicksburg weekly herald., 1878-01-11
silver and Gold in France.

n. Y. Daily Graphic.
In France silver ls legal tender TO
any amount. ..#.r
In France SILVER is at par with gold
that is, the i've franc piece, contain |
ing less silver than our silver dollar,
will buy q gold piece OF the same
weight as the American gold dollar.
10 France specie pay menls will be
resumed on New Years Day.
Il might be profitable 10 put this and
those together. And Washington
correspondent OF the New York Tri-
bune does toy 10 put them together
under the above head, and pretty
mess he makes Of II. This correspond.
ent alleges that there 10 no silver TO
speak Of 10 France, and that resump.
tiOn will be, "of course" on q gold
basis. lie might have spoken more In
telligently II be had before him the
following official statement Of the
amount Of gold aud silver In the Bank
OF France on July 10, 1877: su
Gold COIN. francs. ,0ee, ,3e0, ,QQ0
Gold ingOts and form gold cOln Sis,+IO,OOO
Total gold coin and ingOts. . 1885, ,1s0, ,OOC
Silver hVe.franc pieces, lawful
money without liulltH....... 1I5, lh0sOgg
Silver change, in francI,,..... bO.sOO,OOO
Total silver, IN fraaOS ....., 81309 ZOO
Total gold and silver lh. the 49,.
Bank Of France, In francs .2,2l4, IlO,OOO
That 10, there is more than eight hun-
dred millions of silver 10 francois
much As is pOsseI sed by all the rest OF
Europe. Ia The face Of these figures,
the New York Tribune Of this morn
ing says edllorially:
The TFibune's special dispatch, given
below, shows that the facts In regard
TO France are not as represented by the
silver men. The total amount Of silver
coin In France is extremely limited
b9ing less than the amount proposed
10 be Issued in this country In the next
year, and that there is practically only
one standard In France.
Extremely limited" is the phrase
the Tribune selects TO describe the
sum OF SS23,99O,OO0l Its correspond
ent acknowledges that:
In France silver 1Ve.franc pieces
coins corresponding 10 our silver dol
, lars, but somewhat lighter, are lega
tender for oil deblp, public and private
aud are exchangeable for the gelC
, coins Of the Republic at the rate Of dF
. teen and one-half ounces Of the one fol
. an ounce OF the other.
4 That is, France gives 3 per cent. lesI
3 silver for q given amount OF gold thar
' the Bland Silver Bill offers, yet gold
! flows into France like q swollen river
Y aud her bank contains more gold thar
4 the National Banks OF England, Ger
a many, Austria, and Holland, all put to
}, gelherl Why does not gold rush on
2 Of q country where silver is held q
E desrH
q The correspondent says that Franct
! coins only $40, 100000 q year, while ih'
/. Bland bill allows the coinage Of S48,
4. 100000. This is true, but France ha
d eight times as much silver on hand q
a we have, and at this rate II would TAX
: twenty years 10 0vertake her.
!. In this country We offer l6 ounces o
i silver for one In gold, nd Il is calle'
Q population; In France they give onl!
/ l5lk Of silver for one In gold, and ar
II able to resume specie payments, will
d more gold aud silver on hand than al
II the rest Of Europe put tOgelherl
l. The correspondent thinks that;
i II Congress, In its legislation on III
II silver question, would be content I
o follow the example Of France, com
II paraliVely little mischief would b
o done by the reintrOduction Of the oil
If dollar In our currency.
o We think so too.