New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1878-05-22

Und dat's-1ware ish mine tollar?''
Our Washington Letter.
GOLD OR SILVER THOUGHTS FOR
THINKING MEN. SPEAKER RAN
| DALLs RECEPTIONS - COFFEE AND
POLITICS NEW LAWS FOR THE
ELECTION OF PRESIDENT AND VICE
| PRESIDENT DISCUSSED go INVESTI-
CATION CONUNDRUMS.
(From our regular correspondent
WASHINGTON, D. c., May II, 1873.
Among the reasons waged in oppo-
sition to the reorganization of silver,
one Of the most prominent has been
the increased production lodes ofsil.
yer ore In Nevada and elsewhere. It
now seems, however, that a gold bo-
nanza has been discovered about six
teen miles from Helena, Montana,
which promises to be as productive
as the famous big bonanza itself;
and while the latter yields about for
ty-fve per cent. gold to fifty per cent
Of silver, the former yields almost
pure gold. In view of this fact and
of the great increase Of the gold pro-
duct to be expected as the result of
introducing the new system Of hy-
draulic mining, (Which is not appli-
cable to silver mining it is Of gold
rather than Of silver that excessive
supply is to be apprehended.
| One Of the strongest arguments in
favor of the double standard system is
furnished by Professor n. S. Shaler,
of Harvard University, in his article
in the May number Of the atlantic
Monthly on ''The Silver Question
Geologically Considered In
this article Professor Shaler not
only shows from the best authorities
on the past production Of the pre-
cious metals that the supply Of the
silver has been vastly steadier than
the supply Of gold, but that from
the geological distribution Of these
metals and the conditions under
which they are found, it is to be an
ticipated that the fluctuations in the
gold supply must always be COM
paratively great, and that if a single
standard were to be used, silver
standard would be far move nearly
uniform in value than a gold one.
This excellent article, expressing the
views Of a scientific man, who re-
CARDS the subject from the stand
point Of a geologist, and not from
that Of a partisan, deserves to be
widely circulated both here and in
Europe. IF the facts so clearly set
forth by Professor Shaler could be
made generally known to European
Statesmen and economists, there
would be but little difficulty in Sc
curing the appointment Of the inter
national commission asked for under
the silver act recently passed, and
still less in inducing such a commits
sion to take the requisite action to
insure the full rehabilitation Of silver
as money.
The reception Of Mr.. Speaker Ran
|daIl, last night, was an ovation to
| the gentleman who occupies the
third official position in the govern
ment Of the United States. Over
| 200 invited guests, members Of Con-
gress and other distinguished gentle
men, filled his house. No. 100 c..
street southeast, and discussed tariff
70 and tarapin, Gates and commun-
ism, flowers and finance, with equal
govt and grace. Mrs. Randall's
taste had adorned parlors and dining
room with a lavish display of FLOWERS,
and the Speakers tact met each quest
with such graceful courtesy as made
him think the flowers were comp.
liment to himself alone. a couple
Of hours were spent pleasantly and
prawdially, and the guests departed
equally satisfied with supper and
Speaker. A majority Of the guests
were Republicans, who, commended
his politeness, and though heartily
lamenting what they held to be his
heresies, yet highly Landed his hos.
pitality, The Speaker to avoid the
discomforts ofan oyercrowded house,
very sensibly invites his friends by
instalments, and the result is that