The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-04-25
The Silver Qucstt0H-Ah Important He
p0rt To-day.


Animpor,ant report is to be submitted
,o.ieiu Banking and Currency Committee
Of Congress, by its subcommittee, to-day
-Tuesiay-in regard to the present status
c.the silver ques,ion-involving not only
he ma,tet Of further coinage, but also the
continued issue OF silver certificates. We
have before us the substance OF the report
that will be submitted to-day, and rs it ia
matter in which all business men must
ieeia profound interest Tt Il time like this,
vesppal il Tor The ediiication OF our read
N:
Tie report says: It WIS well known that
The Silver bill could not have become a
law had it not been for the limitation Of
the coinage, and the hope that un iutcrna-
tiopal monetary conference would speedily
secure an agreement for y coinage ratio Of
s9A and silver, which would secure m
eluisa!eacy Of value in the legal-tender
coins oINe two metals. 1t was thought
that the Limitation would prevent Il larger
coinage than wSuld really be absorbed in
'he circulation during the period that
would be required TO secure IN interna-
'lonal arrangement, and that il this failed
within a reasonable time the further
coin9se Of silver dollars could be
easily suspended. The silver coin
age act was passed on the theory
lha. the depreciation in silver was caused
ina lave measure by the legislation OF
NV, and that its reconciliation would
bridge over the gulf between the gold and
silver dollar. But il has not done this.
There has not been single day since this
colrage was resumed that silver bullion
Vas worth so much as it was when the Sill
verbal hccane Il law. This result makes
ncle@ that tho causes OF the depreciation
ot silver was outside OF any action of our
Goyerumcts, and consequently that they
cannot be removed or much affected by
the UNITED States alone. So far as the cost
os producing silver has been diminished
BY the Increased productivcncss OF the
mines md the improved methods OF treat
ing ihe ore, Ito governmental policy can
avert the inevitable consequences. So FAR
is The decentralization OF silver by Ger
many, the discontinuauce of legal tender
SILVER coinage by the nations composing
The Latin Union, (France, Belgium, Swift.
zetiand and italy,l and the increased de-
nand by Russia and Anstria in conse-
Inence Of suspension OF specie payments,
nave affected the value OF silver by reduc-
ins the demand Tor silver bullion, there is
no remedy outside Of these nations. The
faIft're Of the International Conference to
n!assemble in laris Il few laysago, accord
lns TO adjournment, Is n confession that
nothing is 10 be hoped for in this direction
Al leaSt so long rs the United States
kindly consents to undertake TO bear the
oa1oen Of buying md coming the surplus
s!Ser Of the world, while the great CONNER
slal nations are not using dollar in full
legal tender coinage.
Potent popular argument ia favor OF
renewing and continuing the coinage OF
Inc dollar Of the fathers" rs well rs the
yo!a dollar is based OF the assumption that
Mis VII! give the people both silver md
so'a lor money, and will thus largely add
10 The tools of exchange. The fact is the
ieyshe Of this. Full legal tender silver
";'aFs VIII not circulate with gold dollars
ut HatSs they arc equivalent in value. The
inH',al'on put OIL the coinage OF silver dol
9S oy the Senate amendments 10 the act
q sebrtaryeS, 1875, has saved the country
S.u early depreciation OF the silver dol
wand certificate, but II the coinage OF sill
a dollars and the issue OF silver ccrtiti.
'' @'es Iots OH without MI increase OF tho
weight Of the dollar or III agreement on an
International i coinage ratio between the
isaNiNS commercial nations 10 secure its
f,S"'SyasenEy NV S"y TO gold, wo shall certainly see
lor r "er'esatson "li begin, and gold Withdrawn
sr;,nnaE m vNEos'' unless the laws OF monetary
in ou, haS.So ale " be miracnlously suspended
Ne'ef''hs'oshe issuc Of silver certificates
.ae report concludes as tolloas: These Ger.
. ''ue1'es nave in the first place, to some ex.
tent obstructcd the circulation of s;lvc,
dollars 40 among the people, where thew could
10 no narH so lar rs thew wcrc rc,n;nci
~ actual circulation. In tho second nla"a
they have taken away the onlv u nrnc,;coi ',.
safeguard against the excessive enina"o ,yi ~
silver dollars II silver dollars o"so Oro - h1 W.
Solnea Noa not Tor circulation but rs a basis for M
. t"pef currency, We shall have Mi the
rs''s t Without any OF the benefits claimed
los s'Ner coinage. The silver rrr,