, 1879-01-11

fully another third Is securely hoardcd IN tho
stocktnE-fees Of fer Profctatse. It requires
InAstcrly ffnanrterIng tt Keep. tho balance At
IT, ro" whes sf french Gs IN a5eia wae
and experience ndrnontshcs Ms 10 caution anil
careful action, America r1tst'cs into thc rapid
coinage Of insolyent dollars with the RIausibio
prctext q bul,ine the silver market. Ths very
lr the oncntng Of our. tnints -. to tho
deposit and sturago Of silver bullion for
n!t eomers for frer ronaEc.,. Tho immediate
etIest ei ,;, Of th's measure wt,I 70 to draw
into our minis. Tho coin certificates to lc
issued therefor will br exchanged for our gold,
our cottn1, wheat, and provisions, at rar value:
ln effect Z II Proposition 20 bur S,Np.oo,NU
nl1,ce, wi,en ts market vaue Is but 50 pence per
office. Tie profits ut the trnnsactuti-n trine
of FlD0, ,m0, ph}-will 20 to fwcll Tho tn1ated
pocket Of That s'1lnatcd bondhoader:" Thus
tortailc avar!ce.
Tho prelext that the peon1e desire q silver
currency is . phantom of absursi!ty. Tho late
lasnentesl ',lo!ar Of the father" " was a legal
coined in onr ultntt. while the gold coinage cx-
cccdcti 81 uD0, ,0 QUO (sea report director Mint,
nut 1881 These poor.efeiit millions Of pater-
nal dollars never n'adc familiar zcquatntance
c,l by Democratic pallnt. The people don't want
si'yer-,cecr wanted 1t. The popular demand
for it exists unly In tho gAunt Imagination Ut
unlncky debtors and dend.hrats. wc arc EN-
pl,atrafiy Eo1d-wossdpsng people, as the do
in1s uf the mint ubundantIy ahow.
i}tlt It IL ASSUMED that there ID shortage Of
gold for financial uscs.-ln fact Il is gravely as
snftcsl thai there Is "corncr" on gold. II
nsnr it, te es esf at e ,e Ha re
Of titc wufll II "eornered IRIS too absurd for
discussion: q, ,O0 0x, ,00D OF gold can be had al
any i,'nnIcnt on dcnnnti at the counters of tho
three principal banks Of Europe. Ii that Is not
enough. to bresk suy rcal or ph.ntom corner"
the amount can b. easlly uoubed By the asktig
at the cash vaults Of thu commercial world. Tho
stock Of goll coln has iully doubled within
thirty yra!x. Previous to- ls5o, for century,
svarclr sl5!ooo0tW Tho yield T. now c}oso
fug, tloug1, fur below The '"placer u
days Of California and Australi,. Our own
SSuaIIy. K supply Of os about sis,SS,o6S S6S ier p
year was found sufficient for tho usoa Of tho en-
l!rc race of man up to aay Thirty years ago.
For. T. LONG period previous 10 l8}a-'50 The
@ os ossesa aene otnr ,aea to Ga sss ,Hs M
purt) an average ot sE5,O0 ,000. II requires =
great stofe OF metaillc assurance to asaert that
America ia to b. ruined by Limitations to thres
titaes tte amo9nt q goid thai wss found amply
lscs of ,o00, ,0N, ,un people at the beginning Of
tho present generation. One thing IA rcrtaiu,-
II anything Ii certain: that pur current pfojtlc-
tion of gotd Is largely IL exeess Of a sl'lirtncy
our country, II kept It home and utilized. HUI,
II 1t Ia to be bansshcd to furclgn shores BY ul,.
friendly dtscFlminatton In favor q tho "lat dol.
iar," our entire gold product Will ~
Silver will assurcdly in time become fho aols
moncy-scal noncy--of both legal and COM
mcrrtnl account, Whn il 10 reap any bcuctlt
from this Pagan reaction except the sityer.gam-'
Il tf@k fAuN Il.
proposed beneficiary Of "frce coinage"
II the impetuous advocates OF tho tcfuuct
Silver dollar wish a. they profess, 10 rc-es:ablsh
TIC former relations Of equlvaiency between
Sent 10 unity their vs!uo r9sardIess Of thc old,
ratio Of specific gravity. Tho supreme, easen-
tlal idea oE money II that Of 1a!ue,- ,--tnherent
equtyalsncv. Tbs circumstance Of weight IL but
adjustment: That Il ls : matter Of prime con
ecfn to tInJ aud establish unitary ratio be-
tween the two metals on tho basla OF which they
nay circulate 1.,.t or The plane e equal
II such ratio ean bc found and fixed by con-
current action In tho monetary systcm ot tho
most. influential nat:ons Of tho commercial
world, then double standard OF Inonus. ralue
IL both practical and desirable. Hut II such
ratio cnnnat l'a ~ agreed upon, then silver
and untleilnablc ya}ua in tle world of tradc.
1}y tt,!11GsalUn OF HtSaf authority. silver lS al
rcudy practically. dctnonctizel Ia FEance, md
She only awaits tho opportunity TINT our Stree
CUIna.u" act will ntfurl her to self ont at oar
her vast atore Of deprecated coin, and With tho
golden ?rocccds proclaim THO single gold stand-
ard. ller ttnmenso stock OF enlu cuin puta her
In better potition to tiscarl silver than that Of
any other European Power, and all the
indications .suggcst thaf she wlll euh-
ordinate silver legally, at an carly daY.
'rhts result hrcl not cxclto our apurchcnsIun,
for sl,r vii, not need 10 ,lraw on The wortd's
stocls, being already ahundnnt1y supplied viii,
gold.
Tho papga Of alarm That have seized a portion
Of uur proije about "a Impending drsrth uf rnl
orc nat iustt,tl hy tho snlii farfs n m, s,,"4
sion. - '''>> Wv ''se'-
Men%urcd hy the most scnsi,ty. on5 occnra4a
tnat IL IL p.sttlo to nnnly. Il viii ba fnItn
thot vii Ina mi .nrc in nf,s,n,naooi no.ns
nnnrecate,l IN vnii,e fnr l,nT tns noss srhS,
oIfv t,,usrrvsttvs tr.t ~ thn vain" ~ ~, az
~ ;.cf,l ,txed nsonsrtx IL - uronc,,uo cso ~.
na,.ity. w. mi, whpt irco1ne viii a hsnct ~
bniIirrs a fnrm' a sharc ~ st"E rioiMS rSn
nswcr = t tcsf ~ ths snIt,i vn,n ~ the nrn,,'
srty. Tnko maitoua. ser,,etfes. n, ! hcimr pp ~
ca. ~ ,a o a ." s''nny sS md u,nH .na
ChtA$ ~ wv -" 0"FFtJ Apt'A4t!At ~ +A0