The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1881-12-28
The Silver DoIlar-Its Coinage q
Success--The Demand o. the
Increase

-
ST. Louis REPUBLIcAs. In despite Of
the deliberate and studied Efforts Of the
Eastern banks to discredit the silver GER
ti6cates, 50 As to have some basis for their
claim that the silver dollar will not circn-
late, the issue Of certificates Is steadily
increasing. We have been constantly
warned to prepare for a dangerous glut Of
silver in the treasury, if the law requiring
the coinage Of not less than two millionzo Of
silver dollars every month IS not repealed,
yet the amount Of silver remaining in
treasury on the first Of this month, not
represented by certificates in circulation,
was less than sl9. 900, 900; not halfas much
as the treasury held a year ago. During
the past year, therefore, the demand for
silver money has taken out Of the treasury
nearly twice as much as the mints have
supplied. This does not indicate any ten
deney TO q silver glut, but shows very
plainly that the people are very we'll salts
fed with silver. Take the breaks of-and
not only the Eastern banks, but the trea-
sury officials too, are doing all they can to
keep them on-and the country would take
into circulation during the next twelve
months more than twice as much silver as
the minis are authorized 10 coin. Silver
certificates are the perfection of papel
) money, but the Eastern banks and through
? their influence, the treasury department
endeavOr to hamper the use of silver certi6-
Gates, so that they may be able to make il
appear that silver reconciliation is a fail
: ure.
The foregoing appeared in the st
Louis Republican, a leading Democrati'
I journal, before the recommendation 9
President Arthur and his Secretary o
: the Treasury was made, for the repea
{ of the law providing for the coinage o.
{ silver and the issuance of silver certif
I Gates. The recommendation, has re
: vived the agitation Of the-qaestion
{ as a proposition % dese
part of the constitutional none thl
country for the benefit e the privileges
e orders, naturally would do. Tie Wash
! ington correspondent of the Z
! Times under date of December 18th
: says:
WASHINGTON, December 1S.-There j
a decided feeling among the advocates o
: the continuance of the coinage of silvei
dollars against those portions of the Presi
dents Annual Message and the report of th
Secretary of the Treasury which reccmment
@ the repeal or modification of the law direct
. ing the coinage of at least 1000, 900 silve
dollars each month and of the issue of silve
/ certificates. This feeling will be mad
manifest at an early day in the session afte
the Christmas holidays. Several Of tn
more able of the silver advocates are out
"a spoken in opposition to the recommends
tions of the President and Secretary, an
are preparing to give utterance to their view
a. on this subject. Most of the Western and
all the Senators and Representatives from
the Pacific States will undoubtedly oppos
IN any measure that proposes to interfere with
- the Silver act of February, 1878. In fac
there are indications that these gentlemeI
will not be contented with even a negativ
% policy in this particular, but will make a
II effort so to amend the present coinage law
as to provide for a still greater issue of sill
yer dollars and certificates based on them
Such a measure could not, perhaps, receiv
! the approval of the Executive, and coult
q not obtain the necessary two-thirds vote +
pass it over a veto; but it is probable tina
a majority in both houses will be found i
favor of a bill of this kind. Already a nun
il Der of bills have been introduced in bot
branches of Congress to increase the silve
a coinage.