The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-12-09
TW au;VRR COINAGE LAW.

The Later Ns,wat0iN seems to bav
expesieuced . change Of heart urol
the silver question. Last year,as "
think can be shown BY it, dies.
endorsed the President's views upol
this subject. This year It accuse
him Of . lack Of craftsmanship fi'
recommending Congress I" d. win,
he asked Of It lest year. !" Diss'on
timue the coinage of silver aud will,
| draw tie silver certilicstss." exrlains
our contemporary, land what bs.
comes Of "nr s,ini"g industry:: -
What will l,econse Of 1t: Why ever,
silver producing mine IN Silver Bow
county would be shut down inside I"
thirty days. That would he the result
Of The disroStinwaucc Of the t,s'imagt
u silver and the retirement Of .il.r'
certificates. II It lnssiLlc our -Ac,,''
porary has l,een 80 long IL realizing
this fact Before Il concludes ia
scoring NJ President A rthur Il ranges
itself besisle him sMs) declares tDlnl
ut j. evident the cuinage law Of ISIS
IL . failure" President Arthur evi.
IDENTIFY views II in the same light.
But the President certainly Knows
that the coinage law -: 1873 was nat
"designesl to bring the members 81
the Latin Union INFO accord with
this cs,untrj On l'i-n,eta:issD." It
was l,assesl to furnish, the sx'rer
classes with q convenient cOin cur
rency aud to utilize the. princil'a
Production Of several Oi our Weslrrn
States aud Territories. And II Mr..
sherman and M. Window haal per-
SDsmed their duty ~ Mr.. FOlger
would 40 his, The $:slO, uD0, OO0 of Uni
tel States hank notes Of the llenOnli-
nation "f one and two dollars. which
are now IN circulation, would lie
called In and their places l,e Supplied
with standard dollars, ami the gs'ryet)
treasury vaults l'e relieved.
Our contemporary would have Com
grrss atI.'lA SECRETARY TeIIei's plan,
that h: ITO retain the silver bullion
purchased ly the Government In in
gus, with the axsayer's stamp int
pressed, and against this treasure
issue silver certificate" viii our
colensp'rsry inform ~ how this
would change the status of silver:
u the asnaycr stamped the market
value upon the i,'yOis. wDuld ms't
their value tluct i,aie with the mar
ket: And il to-day silver is worth
Ito, and tie imgvts 80 STAMPED in u
week hence would he worth LII,
w0ulal nOt the cert ilicat<s l,:ssetl upon
them appreciate in value: And II
they were STAMPED when silver was
worth LII, and in week after their
market value would fall IL 1.lO,
would nal the certificates slepreciate
In value: II h u we'll settled l,rinei-
pie, that all evillesn~.s of value II the
shape u paper sym: athixe with It's
security, aud that when the security
depreciates In value il representa- :
Tive xuleM in The same ratiO. II Can
then Re easily seen what confusion
would follow the adoption II Secre-
tary Teiler'x plan. Under II u silver
certificate may In worth ] y cent.
pre:nlu,n to-day, aud te-n,orrow the
holder may l'e compelled IL let il 80
ut !: per cent. Discount. But II the
Government shall say tsat . tive
dollar certificate *h"N liz accepted ~
= legal tender COr that allm,.,nt wien
it, security Is worth only four DOL
lam and sevemty-live cents, then
there Il . lIat value VI twenty -Iive
cents placed by the Government
upon every bill u that denomination.
Hence W. cannot see how the aalHi,-
tion ~ Mr.. Tellcr's plan will correct
any of the evils whit'l. mono metal
lists claim grow "ut ~ the present
'-,image law.