, 1881-03-21
for this rnto 151S rntio moro favorable to gold.
for Instance. II, IN, or 10. what laws would
hnro 10 ho enacted 10 effect TINT chAnHc2

NECESSITY OF THE 15,1 FOR THE coSrr-
NESf.
of these % ccos q IL fr1,tss psS wosh io Kras, nd
the Kel!l :sfrnne piess-'itI. Kr",i': ID say
one nr tho uhor.-thc alycr i: frame plecc or tho
kn1l a>-fsAnc i'ccc,-ehnll undergo remnlelttl9.
raS ' Il .,n i" 6 sus%,sa fS Y s2 'sS s sao @
md let III first remo,lcl tho geld s9-trano place,
leaving untouched tho silsor h.franc piece. This
cnld bG effected III two wAyR;
tIr.'..l,y 'lecrccnE MI illcrnnso y the legal
ynl1c nf ting p!cce. 4 was worth IL francs, let
1t o wE,h = f1anes r ccn,ln'ss s,,,,o i, ~,
weight Of tho piece. let tho present pieces Ie
Withdrawn from ctrcnIntion, md ~. frnno pieces
lIo issued ut tho reduction weight OF 6hh
ttnw fortunate tho posscssora OF tho 2o-trnno
s cSs wr' see eene. 'nse Ssss Tnsy arc 9 d
aao.franc pieces! t,y II legal slroke tho pieces
cniittion: they VIII get them rceo!nett In hew
i5si waS %sSY % c5 Kns t. % Sc. Thsy ns
.nonna. Of this golden shower slioy hnd never
dreamed Gf but what WI The ho!ders @ of tho
ngatnst tho r,r,tirncss tiie Injustice tho taprlco
of tho !eKIslnlor an.i they Sll DO quite, right.
Tan te rsx exuI % ve Il ;e to ao fes n
woull occa,lol, no expense to tho stute, whcrcns
Tho crc..ton Of the nnw atFrunc pipcn ol 5,kE!
t'icscs s' sxeIed from @ circulniton. would tirw
i'm TIM stntc tho 1SpcnEe uf recplnnY: but 1t
wS wS snns Ss sas w IN @ r. s ee ts sqSes ne IN ~
rornttirs themselves wpltd prefer resNrtmg 10
iecoIuaue. They assnrc,ly would mt full - ia.
dor @ riicctc't in i7s5. No hive o,frselves coin-
Euntt1rt whnt WIS tlnne ut thut time. Why2 l!s-
ca1sn tlu .'l'1est nt the rcsHnaHn was; by ru!s-
ize y with tho tnt!o Of other nations Nalhsng
Of tho srt now; tho new ratio Mlyocntnsl exists
S%s5 s ehsr s il Gasos Gfssy or ess%e1s esces
Ts rssS'n3Hc e., % nt M p,2; ,. to , ns ho
slight. us slight us tho liberation of l5 to I'M,
whereas the profit awnrlcd to tho holders of ~
Is ss's e sssnon eSsss % " s IT, eSqs0's eS e. us enormous
We tc4an BY reEnMle1n tho sold sltranc
r!ecc, leaving. untouched tho silver 5-franc
piece We will now REVERSE tho prGGess; we VIII
rcntdcl tho silver 6-frnnr piece, ,cuvluE TIT.
touched tic gold ~ franz piece
i. iiy .iccrcciny u reduction in the legal valuo
Of tho piece. Let It ITO inuer br worth francs,
let Il bc worth fruncs 10 continues.
tho piece. 1t l weight y arn,us; let il new
piseo l'n coined weighing -.
o W9IsSySr rsS s pte the ass,, sate T"ua ,ra
Innrils In 1-frnnc pIrccs 6eMrlny tho French
stump. tho loss wolft amount to nenr!y a.o
II. MIrhcl Chcvaicr maintained that tho Gov
cr'lncIt. in excluding froM circulation, cs'!,
Mn'!c BY Itself, hGs u right not to @ relmburs. T.
from circulation Mll tho h-flA.c. pieces, thosn
MssussIng tiieM vii, have tn sell tluln rs ino;n
as y nc De- S1 III aes sP IT SS SS ' it q
i W.is tIs lcader of tho monometalIista who
Gcrtnnn Government. on undertaking the de-
monctizatinn or ti,e silver pieces c4nch III DER
ns bsssa sHs m R 1T 'n; ts sg "f f 81 @ e. nS n s fsn
would fttelf undertake. nIl tho risks OF tho ,tc-
Frni.cs would not act With lasa equity. As
soon tho present g. f11lre piece WIS nn sOnkcr
cxHl-tcsnlcr. except tdr frnncs ~ cehtlnes. the
sso esss srs wS' ss II pisoss @SsFs m II rea s
colnnse)t 10 cGtne .und receive - ccntlmrs on
encl i'isce. l.oss to tho stute, rcarly asooe,oo1
HIT iho rialculousncss Of calming pieces "
tho leEa vhltlp ut francs 10 tcntltstss would
deter tho lnmoyators: Tho woi,ld r1tt,or obtain
wclgtling aO grams instcad u ab. Ths opera
tim would cntlsu t!ctller profit nor luss to tho
wolid invite tholn 10 ensne and exchange plcce-
scnt their own orownsot y grams f9r crowns
.t M Tle !oss e tue s'ato would still nn"e
J.et V .r'it Feanco and repair to ~ tho I5;s
conntrtes,-to Germany, ltnly, llnll1n.1, Ret
ruth ii eouisi, ,not b,r intvxlical wItuout chang
s sces o n Ss S q s thar h o s I'll sTSF or
tho silver NfEGcN. TlitrG. nlaO thu tnNUyNtOrs
sres, shos~oSa a3Gpti i.lss sassi,A %
aiSo isss the prssens pleess hshc? value q il per
cent, whicl, would. as by caprice, enrich ny SO
Inush those harpcnugM 1T II tho Hte ot tho oners.-,
Everywhere 1t would .,Hive tho prosent pieces IL
., loWor yHt.in M o. u per cent, cont; rYdMctiDn FOR
tiuu,nfy nil tho hal.iers Of silver Pieces; no
variation. tho snn,O tutalf.les ns Is seen. would
letali TIE entiro Cont'ncnt of Europe If the
Fra,,co an.l Germany arc tho two exclusively