Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1879-01-07

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The New York Graphic is authority fol
the statement that some member Of Con
gress will shortly introduce q bill to call in
all the current silver dollars, and author
ixing the coinage Of . dollar containing 4SO
Grains of ~silver-about one-sixth heavier
.thsn the standard dollar. The motive Of
the protector is to provide q dollar hat ID
worth o dollar" Mr.. Edwards Pierrepont
also seems TO have signalized his retire
ment from Minister to Great Britain-a
position to which he was never quite equal
by o foolish letter to the State Depart
ment in which he declared that to pay any
part OF our bonds in silver would he to
s.tarnish our honor and damage our
prosperity" Both Of these gentlemen, the
ex-Minister and Anonyma, are Of course
sincere in their laudable exertions to avert
chaos; oil they lack is information.
They do not refect-indeed, probably,
they have forgotten altogether-that the
standard silver dollar OF 412k grains,
which We now use, was above par in gold
six years ago, SO that it took one gold dollar
and q three-cent piece besides to buy a sill
yer dollar. Why has silver come down.
Because two Of the greatest money using
nations in the world-Germany and the
u United States-simultaneously repudiated
II AZ money and decoined some $3.50 ,000,-
600 Of it. What we need now is to recon
that sum, $3.50, 900, 900, and it will straight
way rise to par in gold. Not an increase in
the size Of the dollar, but an increase in
the amount OF the coinage is the way to
make silver worth what it was six years
ago. To illustrate:
II England and Germany should next
year pass and enforce a law prohibiting
the use Of wheat fiour as human food it
would deprive wheat Of one its principal
functions among so, 900, 900 of the best-fed
people In the world, and the result would
be to. reduce the price everywhere 80 or
40 cents a bushel. If they should repeal
that law the old price Of wheat would be
restored. II all the nations Of the world
we're to pass q law becoming gold and
agreeing nc longer to use or recognize it as
money, the price Of gold would in
stantly go down one-half-in other
words, a fifty-cent piece would next day buy
a gold dollar, for gold would have no value
except for its use in the arts. The way to
restore the price OF gold would be to recon
It. Capitalists-all who had money in
vested in bond and mortgage-would OPP
pose the recoinage of gold under such cir
the world would be reduced one-half, and
therefore every note for 500 which they
held would be worth 5000. To reduce the
volume Of money in the world is to make
the rich richer and the poor poorer. To
such a project is to favor the OPP
preston Of man. Tho conspirators who
succeeded in demonetizing silver in Ger
many and America in 1878 added ten per
cent. to the face Of every note Of hand ex-
listing in the world, by increasing that
much the purchasing value of gold, and
so the difficulty of meeting obligations.
The rulers who diminish the amount of
money in the world increase the misery of
the poor, and should be marked as enemies
OF the human race.
What the world needs now-what Ameri- !
- prominently needs-is to coin enough
silver TO establish the market price which
prevailed in 1878, and to restore the amount
OF money in the world which capitalists
succeeded in reducing nearly one-tenth by
bulidozing the German Parliament and
befooling the American Congress.
MRS. jerks writes to q Northern paper,
and says that the perfume laden breezes
Of the sunny South sigh over many an un-
known hero and political martyr who stoi-
cally met their fate or whose souls went
out in their last despairing cry for mercy.
and whose bones to-day are bleaching in
the lonely woods and dreary swamps Of
Louisiana. Mississippi and South Caro-
lima" The husband Of Agnes is one Of
the unknown heroes" who didn't meet
his death. He robbed tho Parish Of East
Feiiciana, when Tax Collector, Of about
$21, 900, and has been rewarded by John
Sherman with a comfortable berth in the
New Orleans Mint.