, 1879-06-11
SILVER QUESTION.
Hh-afctn11am In 1srttthfs I,,,ta-EnElautt, Ito
on ifor Own retnrst, arust Tnks tic 10
Track Msst Restore Astrrr,

attention. mntfrc Nf AS3tttF
mn, nn,v r. 1,,,,u t,,, T., rnn., p,.@I ~, .@'
~, u"' ~ ,l''t''' n"t =" 'nR'""' nl'd Inc "0F
~ 'a!se" wv ara elaa TO observe that tNla au
leet IA now attracting more Of tic pnhllc atle
tion both II, India atrl In England thau heret
furr. EsnccIa.1y, wc thtnt;, .to,,t, II. hrar,,,
n,,o ,,,n f,,,,.. .so,t". r., .,',. 'ss .a."
...,,,' .pu. NV 'At".c "e''eFc u ts'ts Country
e.r,1; carefully eons'oefsa ny a'l concerned, and"
| the Anrlo.Indlao p.css ha. tunn{f.s,-
durInr thr nos, ,,ro .s..,,. ~ wv.
traa1,, ot..,,s. ,,,a na"s wv "e.ns ~ "aoi
!.ec'y uaeuas 'hc Issues raised Ny bcllcvcss
s't psinetplcs Of hf'tnetaisfn. For no lonr
such discussion Is n,aint aimed ,,,rfo oro hopes
s.,e tr,th being n,rtrra at. anil Of I'm nntr h,
in,c t,,r,,1,,t rn,,n - ~, w." ~ luz "ans ..
,. I r,.a. .ua"a ~ eo'sees nc" ol 'he hat
Jeet Ihat VIC" III otir opinion Is Tint stoshln
ahort OF return to the principles Of 1i.nctalsu
| BY the leading nations OF the ,rorItf ran say,
India from nract,sat haskruo,yy: ,t,at ,hrTcyo,,
th f., -. f",.1. e"s ene.eao
.''e "'''e"cas ~ Us 'asor "laen nas NOW hegu
IN England should receive a|l possible supper
| from the Indian public. Government, and prcss
X EGod .nanf, Including our focaf cu,itempUror
althougl, 1t Il rather dtIlctllt 10 mike out wha
tits ut,i,ltons OF, the matter rcaliy are ln,tt tEa
30 fnr as 1,nla Is concerned return to the ust
Of silver IS n medium Vi exchange by England
hut tlley ,ioGht whether The argumcnts ip fave
! VI that measure, 50 fur as ilev copcefn these
| countries themselves, nte Rtro11r enough Il
tl,surc their hei1ig ectlcrally accepted. For IN
! now pussess q Eo1tl currency would by admit.
ting silver lose their acctlm,tatons Of .fd for
..ncr metal. ut wtcn that objection Is alynnced
| It Is forgotten that neither roid nor silver
gar. their use as money, and therctorc 10 long
rs silver Is accepted everywhere ns s.let--so
lnYE III It Is aynMs,!e US II snedtusn of exchapgo
! With the lsfln9pa1 natuvs or sh: warll-it
wuul, unttc little Whether the stock Of bullion
which any one nas,,,n might I,oIa vas n,oru
largely composed of silver than Of Eolu, bcrasa
| the former r,ctal woulA ihen aiwass oe received
] IN return fur commodities at lis prpper and
iega! fatiu Of 15k to l, lj.-,nctalfsh,, Il must
| bc remembered, does not mean double nancy
standard. hit rather single stalMiar,l rorn-
,losed of 4wp METALS Tile former jlen Ia
quite erroneous. II silver conlt always be- cx-
changed II, every country nj the rats ut 15k ia
l. IL would nuycr bu sold a. bullion on nuy ptcr
basis. We have lad proof of Tint IN tho fact
,|irg her nilts 1T tilr ratio mentioned, I,,a(t-
| tatuc, TINT rSlatlye value between the two
tnctuls in the nlurkets OF the worttl for moro
sl,nn seventy years. and. although tint poE!od
ansv ,ic most yta1cnt flIctl,arlu,s In actual e-
pIy, ut ono tin,u OF silver, at nuothcr ot gold,
| tl1t range Ut the Louilon markrt was nsrcr
! greater tnn from 15.< ,,u,lcrs to 15N OUNCES of
thu former to a,lt!ce OF the lutter But IN 1919
| the uctiun OF Frame uml t;erHInuyby stoppiur
tl,r frsr coinage of silver reduced fiHt metal IL,
| value in unc year alouu bv 20 per cent. Yet wo
have scrt, t,lat between 1850 and 1S tl,t. uefio
during 1tcF, the production Of gold from the
mines Of California n,ul Auttralia enormously
| increased, It's value IA cumtafea With Tint ii
1llyer was not materially lcssenvtl. Now, What
hT..,stalists argue In, ,af II tlr monetary law
| OF tile Latin uninn u.ot,e WIS sufficient IN
| lhr mast to preserve ~ 11ed \ ratip uf paluu
| bc.wre,l tic two u,etnIs rs thut alluded
| to nboyc, notwithstanding that the pcriUtl
snIrsced ya.t sl,anecs tn tle yield is wcf' ny III
surely be expected ihat continuation on tiiu
pnrt Of Etglaml, Franrc, and aulcriua would
also sit!scc tu preserve aH equally liked stand.
J,t...
hren ,uuehr4l; Il h, tn fact. ans,Tcrublc, u,d
mast rv n long wuv tn CONVINCING ftotc who bu.
e,ty any attention ,i,ou .!lc subject tat supncr
Or later the principle VI b-snetalsln must carry
it In,Ist mot frrtl,rr be forrottou Tint bl-uct-
nism ts ,Ipt mn imnuration: the innovation ,ya
| lin intsoduy,it,n fa !6!1 Of gold rs tho solo
tuunoy srn,iard in England, hut 40 luug Us tho
Eoutiucutai n1tus stuck to their st}yer III,
disadvantage resulted t5on cur ae.tay, ust esen
J,,r|u. tJ,s intillx u; rojl Ictwcrn lNil url
| 1875, Now. however, that ri, nations ars
necessarily compelled to follow our ex.-
with cainmjtnns rci3nctinn ii, t1,u amount ok
tin, worIi,a inuney, Tie espertcncc Of uast
ycars las si,owu tliut about thirty millions OF
;rm,,ss nj INV .notlcy mn, u,,n,ay rruircti 10
Essn ns. 20 sti' NIX Il" % urcsse,;scs of ;lc ipcrsas.g
tfa,ie ~ t,s WoriI s,,l Ia iii III tue void cuusoi
hy ttl, wear ulnl tcar OF 1!le metals themselves
4, prescnt. Luweycr tlc tutat uroduetion or
unti il auly nlr,lt nineteen millions uf pounds,
While t1r fourteen millions wutth 0f silver tut
Is ynnr,v ;nir, inrn~a nMt III ii. tnincs ia nut
t a,soweI to iu,Nli It's I,y,,fer yoe1stlou Ii Is,
therefore, cjear tint the trylsiu Of the world is
ntrtnIs IN n nrubahia curtnij,flrnt Of tbe eunnIy
| 1T tl's mediums Of exchange, Wbcn Enafaul
rart Of It's value. ior Wien na'jon whose eur:.
seusy was 9ounoseI of silver became 1ndebteu
:" m= So l,,,. ~ III, u, !,o ~. nse%n,.5 " m nav su
MGAt. l4etl. nEehuse every leIF sam ls'!Etau4 :