The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-05-23

silver in Europe.

The following telegram Clio noS eo 9il
through with other cable inteil1geaI g
promptly. It shows some activity Ia silver !,
although The channel through W WI icS'.. y
comes to this country Is not at oil bsasse ea
towards silver. There appears 70 DC act lss
demand aud limited supplies 10 Germany.
THAT empire, once inclined to acnonetiz ~,
si,yer. is now disposed to Increase silver
coinage. The telegram, is as follows:
raspfsS. Nav 20.--Tbe Times, In its i.an-
c,ai article, says !" There was pretty ae:
FIVE demand for silver for the continent on
Manday. but business was restricted, owing
10 limited supplies. The rate quoted at the
end OF the week was the one more gene
rally paid, end although fractionaiiY higher
prices were sometimes spoken OF and ac-
t,1allp realized, they do not seem to nave
been maintained. The market at the close
was very firm, and the wish expressed pY
Prince Bismarck that the sales OF sitferroy
the Bank OF Germany might De stoppea
appears to have excited hopes OF an au-
vance. These hopes rest on very oouot-
fnl basis"
BERLIN, May ao.-The German Govern
rnent has resolved to restrict the sales OF
silver temporarily, and may possibly sus-
mend them altogether. 1t IS believed that
ibis indicates disposition to increase the
silver coinage.
silver is like "JoHS BARLEYcoRNs'- lit
cannot be put down. It rises triumphant
always. Why should it not? 1t is pre-
cious metal only a little less precious than
the most precious. Both metals are needed
TO conduc. the commerce and maintain the
enterprise OF the world, and as long as they
are arnieably employed for that all goes
well. But when men seek by unfair means
to i'm pair the value of one metal for specula-
ton, then disturbance begins and wrangl'ng
follows, with injury to some classes and
undue advantage to others.
We are now calling attention to the
squabbles in Congress through efforts OF
one set Of capitalists to get the better OF
another. We think circumstances are
shaping themselves fairly. The failure OF
the unfair attempt to authorize holders OF
silver to coin silver at heavy profit and
paw it out at excessive valuation IS sign
that the upshot OF all will be that silver
and gold must be made Of equal relative
value before the question can be settled.
That &C once ends the war and puts the
c. untry at peace. ..
Gold must meet silver on fair and honest
Uniform. Silver is entitled to her place,
and il is indispensable that she should be
kept there. In no spirit OF demagoguery
VIC speak of it as the money OF the people.
Il i, essential to the rights OF the people
that no tricks and legerdemain OF the gold
ring should be allowed TO place silver to
disadvantage. The moment that is done
tie business and the enterprises OF the
and great skill but little capital, and upon
whom the country depends more than upon
other classes for Its solid growth and thrift,
become oppressed and crippled, occupation
drcops, prosperity flags, and the country
becomes sad and respondent. Keep up a
steady cooperation of gold and silver, and
firmly maintain the relative value OF the
two precious metals, and that will insure
order and peace and prosperity to society,
which cannot be hoped for under any sort
OF disturbance that may be permitted to
take place.
The equality established once between the
two metals, there is no good reason to sup
pose that it will be soon disturbed from any
natural or probable cause. We cannot ap-
preheud any serious inequality OF relative
value from any great inequality Of proddc-
ton. The two metals have been found du-
ling the history OF the world placed by the
Creator in sHch relative quantities through
out the world that we have no good rea-
son to fear any serious disturbance from
any great modification OF those relative
quantities that may be discovered in future
mining operations. A difference that may
occur in future will hardly amount to Sc
rious disturbance, or il it should, it is easy
to rearrange the relative value again. The
regulation OF this matter is easy, and any
disturbance that may occur from such a
cause is not at all likely to produce as much
inconvenience as any one OF the many cor
ners that smart capitalists produce any day
in the year.
Silver will have to triumph. 1t is neces-
sary for the people and the country that it
should. RoTuSCHlLD is right. McCULLoCH
is right All the wisest Gnanciers are right.
Germany is right. England will be right.
She had special purpose to accomplish. She
schened to break down silver, which she
wished to keep for her little Indian and Pa
cific game; while Germany simply favored
the policy that advanced England's views
and helped to depreciate silver and exalt
gold to the imperial control that was bank.
rupting the house Of silver. The United
States was giving her the stick to break hcr
head with. But turn has taken place.
This country took the studs on the subject,
and now we see that gold is not having ii
al! its own way.
But there is no reason for jealousy be.
tween the metals themselves. They are
mutually advantageous. They are unknow-
ing OF the vile passions Of jealousy and
greed. They could live together till crack
OF doom. and peace live as long for any act
act OF theirs. Let us hope for amity and
concord between them, so that the peace oil
commerce and industry and social economy
may go on cherished by the great medium
OF intercourse upon which all depend, and
by which all are supported.
tt
THE MOONS TAX is getting better and bet
fer understood. The agrculturists and the
moderate manufacturers, those who have
much ENERGY hIit lift,e money baer tho hnr