New-York tribune., 1879-04-08
ECRoPE,S IEW IHTEREsr IN SILVER.
TIE BIG SILVER DOLLAR" THE CHIEF OBSTACLE
To GENERAL RRNONFTZATlON.
IRON The FinGnciGi CHroHtck. -4pru 3.

TIE BIG SILVER DOLLAR THE CHIEF OBSTACLE
TO GENERAL RRNOSFTIZAUoN.
Trora T7s F5aGneiGi C4roHtcL. Apru 3.
Our people are scarcely alive 70 the change
when the SILVER question las Undergone during the past
Summer The United asked f0r snd obtained
ference of she leading European Governments ana a.
meuts appeared ~ our convention they hd IL under
protest. when Jherc. al WITH one accord began 90
make excuse finally with true French p0teuess, they
patjcl on our backs, wishing us Godspecd IN our
sD-g-hauded effort 20 &c relab tate 81, er This Was
and ryan In the trade of Great BIt44n have
been day " dsv developing until now tie dlstr s.
classes there are Thoroughly awake 20 the ueces-
slty Of removing every impedimcnt 10 recovery.
Ciamner o.. Commerce actually ADOPTED a ution
favor OF au peruatona agreement for the
ton Of SILVER; aud yesterday (Fridsyl depntaton
nom tho Chainher waited upon LORD Be8cOnsneid 10
Bur me most important indications are those which
come from ne head o. the English Government lnuset
In me H4us- Of Lords. on Tire evening OF March p.
when Lord HuntieY Suggested an inquiry into the
the depre sion 0f commerce and agriculture
IL Great Britain. Lord Beaoonselc discouraged such
general iuVrstlgi believing 10 would be without
results. but be added that the exstiug low prices were
Yagty caused by tAe dep cciation silver possibly
Inquiry as to tho cLanGe precious metals
and lis eject On Engl 81 ln1istry might hereafter be
desirable"
These facts and circumstances all indicate that very
remarkable change IS u process IN Great Britain, and
W. are couhdon that we do not Overcsti the pro-
gress that has been 4reacy made. fbc end viii not be
reached without opposition anO possibly aIter severe
struggle out th- present suffering is very general
and and evldrnty largely due 20 tnr dcpre-
catOu aut q, z4slOn cf SLYer, that uAess the
United States encourages tho idea w.1c1 sti prevails
H. Europe that currency nlSt eventually be based
tta metal solely the end cannot be doubtful on long
aHCeterm nod
some French speakers aud writers are advocating a
single standard but they mainly luhue lccd by a
supposed necessity which has OVcTtakgn the world IN
these halter daYs disuse OF these metals sad Dy
TIT hope VI being 8be 10 get c Of their Yor through
tt action Of The United States. 50 lOrC, however. as
France has OO.OOO.OO0 sf silver IN circulation Ghe
iacst Of her economists, she must, -
90 extend o. her the hope Of market continue
anxious 20 follow the lead OF Great Britain iu establish
Iue win tho United states ratio These
EnIe GuyOts Temarks about * since. the French
Chamber Of Deputies. 20 the coct tb2t the French
public were locking 10 IN export demand Tor aver
(Wu6se from except frOtR the United states O winch
would enable them 10 reduce their stock Of silver and
put France in position 10 discuss single standard
Thus they stiN deludiug themselves with
the hope, yea. expectation, that the Cnned
states Is u become slVor-paying country, the
dumping ground Of their discarded currency.
We wOuid- therefore, again most earnestly rye
upOn C0Dgrcss, Ia ~o=-iOn temporarily repeal
the act authUTziug and directing the coinage Of silver
DO ars That act Oaly from TIE done under
but more from The iufeTcnucs Europe Is drg wing from
H. - Ser1Onsy delaying the reconciliation movement
interest VITA The United States in resLOratiOu Of the
OLD rclaU0ns- Our being the nam producer OF that
metal and, therefore, directly affected by decline
IL prCe Is o. no means Ia" important consider
StlOD 10 Us Ne have -ecn Thai silver
causing business depression Europe business de
preston IDLE machinery and idle labor IN Europe ar
causing cotton, breadsJuns. MEATS ETC. the special
products OF the bOuh and OF the Wost sell al rX-
Temely low prcss Remove that depression. set the
idle aDOroTs work and thrse IroGuCt lions Will rise
again value Have not then every oDs OF ~. a
deep mi crest IN tkls question: and viii Lot Congress- be
Iore ~ CJOnfts give expression 10 that Interest