The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-03-11

VIC OUV OuD&BSS V~SsSSoSsOsSO w ~o~0
Martin llaginnis and to the New York
Investment Registry for bound printed
slips containing the views Of eminent
financiers ON the pro 2osed dcmonettza-
ton Of silver aud its relations to An,eri-
can investments. Among those whose
speeches and opinions are given on the
silver question IRE the Hon. w. NJ Ev-
arts: John Thompson Esq, vice presi-
dent Ofthe Chase National Bank Of New
York, J. b. Colgate Esq; II. G. Stone,
editor OF the Bullion; W. Wcstgarth,
London 1inancier; and F. L. Adams.
manager Of the New York Investment
Registry. The work is specially adj
dressed to Congress and the press Of the
United States with the compliments OF
the company. In all silver mining
districts and among those who ire inter-
ested in the silver producing industry
The views expressed upon the questions
discussed by the gent ;emlcn named will
meet with hearty support. 1t is true,
and we admit it more in SORROW than ip
anger, there are two III three Journals
published in the West that are al;tago-
nizing tic true interests Of those who
support them, hi! their influence for
evil is circunlscribetl by their limited
circulation and their goos; natdr.a PIT
trUns tolerate rather than endorse theft
views. But the opinions Of these mis-
guided newspapers are apt to 10 mis-
chief abroad and hence the request OF
the Investment Registry is made to
Western journals t" give full expression
Of their views upon the question r.
ferrred to.
Among other things asked Of editors
are answers to the following questions:
First. Docs the act Of Congress order
ing the coinage Of x2,W),UW PER
month naOMetize siirer, the bullion being
bought ut its market vA.uc-n, silve-
miner having Access to the nlints::
Second: When y panic-a contraction
and 2 destruction Oi credits, shall again
befa1 the country. ran the pressure be
met on singls gold basis us successful
~ rs though 10th gold and silver shall
be available for the sustssinAnce Of specie
payments:
Third: Will not the full monetiza-
tion OF silver strengthens the financial
The net of 1888 authorizing the coinage
of silver is restrictive act and none
ties silver only to q certain extent. The
Inv fixes the maximum a,,,osnt ut ST.
I'M, OOO per month and the minimum
amount at $A2,OOO, 600 PR month. Why
the maximum amount has nOt been
Coined is known only to the Hl"no-nlet-
aHists WHO have had control Of the
Treasury department since the Bland
bib became \ law. The same law also
resi s.ires the retirement Of all green !
Why they have not beer retired and
why shcre slsou!d now be $780, OO,ND OF !,
me dsllar anel two dollar ,sctes in circ,,- |!
alton, usurliny the place "f silver,
may also he answered 10y Mr.. John
Sherman and his sinS!s eta,siartl success |,
'ors. To come back IL the ii cst .,,lt'stin,,
We answer that silver Will lr tally niCs,-
'tized Only wien it shall have the same
privileges that gold ROW has in tie |
mints Of the United Sta fes:- When III
upon it shall lie tlrvwn oil.
md when the silver miner can go into
he n,ints~ with his silver and demand. .
is coinage n 4 right under Il l:.x for the !
Unlimited coinage Oi the metal. Then .
mel not till then cam it h. truly sai.!
hat silver is niOnctis:x;l in every
ense Of the WORT The second u,se-,io.l !,
:llls for az answer in The. affirmative.
10 e"untry affords bett.,, illustration
# tremendous rvcuper:.tive powers
when stricken down by disaster than
k'rAnce. by lisa tcrl,,oi the
rcaty Of peace signed Ivy that natiom
With Germany ut Frankfort in Ix7l, il
greed to pay the latter power, in im-
tallIncnts ranging over three Years, the
INGENIOUS sum Of 5,;ks|.:M,,Nu frames.
CARLY in September in 1875, u Year and
half in advance Of the n,c fixed by
he terms VI the treaty or its payment,
he whole IT the immense debt w:,s
'aid. Tie money was raised by means
i popular LOANS which were 1;A:s-n 10y
he people. The old stock ;ngs ceutain-
ny the precious silver coin were EMP
iet:; the hooks and crancies III out ri
way places were made to Il sgor.e their
treasures AMI the small sums !!
hus gathered were loaned to the Gov
The peasants IF France paid
lie huge debt and the country freed
rom the presence Of the foreign imva-
Ter. Silver is emphasiaally the poor
mans money and b:-n,etallic France
vas redeemed by it. Had the cur
'ency Of France been based
lpon . single gold basis it
5 questionable whether she
Gould have met the demands Of her
.onqueror without losing more Of her
territory than ~he did. The banks hoard
IL L. H. n ~.