, 1879-07-18
Tho Silver Question.
10 f!k Editor af The TRIBUNE,


ROCKFORD. July 14.-Scnator Chandler, Of
Michigan, a. kind Of protested leader Of Re-
pubiEcan!sm, makes grcnt mistake whcn ho
gives tue Democrats all the credit Of fayorlnE
silver and putting it again in, circulation. Ne-
publicAns ara fully as much IN favor OF making
the two metals equal before the lan as are tho
Democrats.
Is 1t not a fact That the Coinage laws Of tho
different nations orc the sole regulators Of tho
relative value OF gold and silver as compared
with eaeh otl,cr3 Neither Of them Ia money
without tho lawful stamp Of Sonic nation, and
that nation who uses the lcast amount of metal
for her unit or dollar that will circulate will
cuutrol the price,. For instance. II England
uses 400 grsins Of silver to tho unit aud twenty
five grans Of gold to tho unit, with freo mint
nRe. and the capacity to use the product OF the
world. then she will control the price, providing
this Is thc cheaprst dollar made OF both metals.
The builfoa of neither then can 60 below Gotta
value, less the expeuec OF coinage; neither
metal ctu rise abore t1cr cota value,
bccnuac she furnishes the best market for ttlenl,
anl her coin would be useti In p|aco Of bullion.
II less OF ono metaf 10 produced from tae lnes
proporlonally than OF the other, then the lsss
will DO used, ind The moro OF the other. The
coin equilibrium i6 thus preserved, and neither
Of them rises III vhluo as COMPARED With other
thlnEs. This one fact mast always 10 kept In
v'ew. that noney is ontJ higher or lops'' as It
exchanges for moro or itss OF other property IN
its vurons forms.
Now, adnlttttng the fact that all cosu ts the
creature Of laws OF the different nntlonB, and
that the rr.nort!onato amount nnl Yaltto il
ll1cd by legal stamp, then It ia worry clear that
laws passed giving gold tho greater uso, and
silver tho less, must increase the comparative
ysius of ths que Of d!mtalsh q, the other.
value OF the two mesa1s.. All rcal estatc, ali
thu produce, md all the labor In every country
naYing laws tcs!ricttns stfysr says gold Is higher
bccause It taliea moro Uf these th!nEs to buy it.
Join 6iletman may think the country will honor
him for tho part ho has taken TO ncutrallze and
discrcdit silver. Ms. Chandler may 10 proud
u.ut ho helped 10 throw silver out OF uac, Which
has about tho same effect on Tho coF1,merca
OF the world as 1t would TO take away one-half
OF o mans blood aud then require ~ much ot
him as When he Ind his normal supply; but lIo
III ths direction Of gold monometat!sm. Ninc~
tenths Of the Republicans arc proud OF the par-
tial Introduction OF the silver dollar, anl will 10
more proud when II Is fully accomplished.
Chatdfcr'e alleged swindle OF also 000, LOO Is 50
far from thu truth that II belongs on the credit
B!le OF tho aecouat,-saptd, iAsttad u coat, 10
ttla people.
Tile laborlng mau has no gold dollars, and, II
ho had, tho silver dollars Will huy Just as much
adapted to tho usee Ut the lnborn. classess
therefore. It should be the controller Of palaes,
~ 1t alwuYs las been, anu tho sttenpt 10 change
ths standard Of yalue OF gold t,as Gust tic
lahoring CLASSES OF this country pnl
Europe an untold amount In this lust
BYu years. a severn lesson has been taught to
tho people. that mouey, the foundation OF all
other values, caunos be disturbed Without dis
pstoE 10 the aoorlug clAsssai a1d another les2'an