The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1879-06-19

The gold ring are making a great
noise about the effort, as embodied in
the Warner Silver Bill before Congress,
to give the country suficiency of coin
circulating medium, and are continually
prating about the dishonesty of flooding
the country with a coin which pretends
to be worth one hundred cents, but is in
reality worth bat eighty-five. If there
was any truth in what the gold men say
upon this subject, it might be debata-
BILE question as to whether the silver dol
lar should be coined or not. AS mat
ter of fact, however, silver dollars are to-
day on par with gold, and have been
so for the past century in the United
States, except when silver was demonc.
tized. The aliquot parts of the silver
dollar have not beeu changed, moi have
those of the gold dollar been altered.
The composition of the silver dollar is
the same that it has been steadily ever
since its coinage was begun more than
three-quarters of century ago. The
composition Of the gold dollar has re-
manned fixed for the same period. Hence
the silver dollar is as honest and as time
honored to-day as the gold. They have
demonstrated by practical experience, as
at present constituted, that they are in
terconvertihle, and that is all that can
be reasonably required that they should
be. When silver was remonetizcd the
gold men predicted dire financial disas-
ter, and told with prophetic satisfaction
that gold would command high pre-
MUM on the silver dollar, and that the
funding operations of the government
would be brought to a sudden close.
Despite their protests and warnings,
however, Congress did not have any
better sense than to pass the bill remone-
tizing silver; Immediately upon which,
wonderful to relate, the precious metal
gold so debased and disgraced itself as
to jump with almost indecent haste down
to level with the base and degraded
and dishonest silver dollar. But this
was not the only result of the measure.
The government had scheme up to
fund its bonds which were falling due
with interest at six and eight per cent.
payable in gold, and had decided to en-
deavor to replace these bonds with new
ones to bear only four per cent. The
success of this scheme, however, depend
ed on the faith which fnanciers had
in the financial honesty Of the gov
ernment, and as the silver fanatics ~
got control of Congress and passed the
law making eighty-6ve cents worth of
silver equal to one hundred cents of
gold, ~ the confidence of the moneyed
men in the promises of the government
were so completely destroyed (?) that they
in all probability felt that there was no
dependence in the national promise, and
hence would as soon have that promise
at four per cent. as six or eight. At least
their reasoning must have been this, or
something equally as effective, for the
bonds were taken up at four per cent.
land that, too, liable to be paid in de-
generate silver as fast as they we're is
sued for sale. If these things are ex-
amples of the injury of the silver legisla-
tion, then we would like to have an
abundance of such injury. The gold
men have given us their financial views
once before, and their predictions were
so completely and ridiculously erroneous
that we can have no further confidence
in their fnanciering. We, therefore, be-
lievethat The country which has been using
the present silver dollar for near CEN
tury without injury to its business or its
credit. can afford to continue its use for
while longeT-at least until some evil 'ef-
fects from its use begin to appear. Hence
we are in favor of the passage of the
Vornar S;Irar Rill