The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-01-25

Thu sslCiner's" Articles On the silver
0uagtion Please the People,
9ome Facts in Reference to
tho Demouoti8ation Of the
Silver Dollar--HoW It
Was Done, Etc., 1tc.

From Our Regular Correspondent.
Editor Butte Miner:
I The people of this section of MOn:an"
Territory arc much pleased with the A.
ticles recently published in the MINER,
on the subject Of the coinage Of the si'-
yer dollar. They arc, believe. unani-
lnously in favor If the unrestricted COIN
age of silver bullion, Or, in other words,
the full rehabilitation of that metal, and
they believe that when that simple act
of justice is done, better times will bc
seen and felt throughout the whole
United States, and more especially in
the silver producing States and Terri
tories Of the West, than was over known
l. fore-and, furthermore, they believe
that it will have the effect to bring the
price Of their property up to its true val
ue--a contamination long wished for.
Hence it il they are pleased with your
articles. and they will have Il tendency
to l'opularizc your paper everywhere
throughout tho West.
! Your controversy witt, t!,c I'rr 4';.",-
t0in a.. tO how The decentralization u: the
silver dollar occurred, mas hrM,gi,, the
subject up again fresh in my mind: and
u.s. had given the subject some study a~
long ago rs 1876, and in thai year called
the attention III the people q; the Terri
tory to what had been done, through
the columns of the Xntt,y"nlca'. under
the "cm &c pi"u:r of "Ar"cnt,lml.' |
may i,c able to tl,lUw il little light OH
the subject now.
In the first place it was done during
the time ct the suspension III specie pay
mcnts. There was u premium on 10th
gold and silver and all the coins Of both
metals were boarded. Under inst:uc-
ti"ns Of the managing editor Of the Gin
cinnati Enquirer, the Washington bu-
reau y: that paper made II thorough in
vc~tigatiOn and an elaborate report Of
the entire subject which WAS published
in that paper in the Spring q: 1876. The
printed bill was found. and il purlmrt;Hi
I" be an act to regulate the MINIS Of tho
l'nite.l States. 1t was quite Il volume
"i closely printed pages, and intrrl"lat-
ell some where near the close, moi Cc,'u-
pying more tli:sn two or three lines,
were the fatal words that, when Years
after, their true import wa: discovered.
a~toun.ltsl the country, and contributed |
t" the depreciation Of silver throughout |
the world. An examination of The
Journal of the House II Representatives |
showed t!.at wEen ll,crcadin" tl",k hc !
gan t" read the bill, on ;notion of some
mcil,i~r, land his name W.. given hu,
| have forgotten it,, II farther reading |
WAS dispensed with, and, Uh,lrr !. >u~-
pension a.: t;,r rules i: Wa, finally read |
Il third time Ivy It's it'll" :.,! passed. II !
l. an Ontruvrrt:;hir ::.t; TIA! the hil, !
in Whic:' III" silver dollar WITS s:rir!;c.,
from our list 81 coins, VIZ, never rt:.,; Il. |
Congress, which accounts Tor the Ia;
stated iy Senator Vest, "t..at .!i:,in-
GuisA:.! i!lt nl:,:r:: o. 'On,rr~:.. Vetoed fcl
TIC h:il, and were :!>; ;nno,r:.t Is dill
d:r'' o villa! they l.:!'! ,ln.".' in fact
there was p" rcnr,', Il c;,nSi:in., 20 uir
bill.
~ Your treatment Of iht ~: :,c cf The
ri silver. there j.: uh M
l:'rl:M phase tina. you have no ,o,,h.
omitted, and if Hc,: viii
i"rn'i: :nc. ! will briefly call Il" a,.c,'-
t":n Of year rr:'icr, to it, II t. This:
The national hank, always have been,
:nd always will l." opposed to >ii..:.
they refuse I" rccriv" !; nm tcl":i: in
larger su.::S than five H,ila:>. Their
"'":a''"n is ':'>e'' ulm' G"!crn...n
hns'i>. "'aS'ru, nifty they own, -" to
*rc:.':, {" large part az the Government
t"'', and their d","~itorS own the bal
sn".. Thi, debt WAS contracted at Il
IN" wien there VAS 40 Restriction
placed ON The coinage. nf silver. ami !. =:
I"'!ar of that meta! ,.nis;: I'D az it's. /: {
W.: *::'in~. The weight Of tine present
silver dollar. We Will ~: that The deb; ,
owned ~ the bank: and '!rir G.w'>i- I
"v- amounts, in v"r:.! n;u,|rrs, to 1:
y Hs,!ED,'EH II >iivr: Is il::i r,.i,a;,iii-
d:r,i, this .n"rnl"u.s debt will have to :
D. paid in gold, and able. illla,,ricrs I...c
that in that event twenty ur h.
rn'. would l." added t" the purchasing
"wHr q: gold, which would ;w t~;uiva- =.
ci't t" addin" $:an', tSr', n'' to The wealth f.
# til" already wealth: banker, and Il
heir drl"~it"rs. They contracted to I.
ccciHe this money in g"l.: and silver. f
.ct us hold them to the cont rict.
Jour correspondent is right in his roe
lection of the manner in which tl,c,le-
Of the American dollar
'a> brought about. 1t WAS not on!, !,
truck out by All act Of Congress in 1873, +
ut was afterwards struck out 10y a .
|al,sc III the Revised Statues which :,
,tcifieal certain coins that should cirru- 81