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

On the l.th inst. Mr.. Brown of Con-
gr.~- Introduced tho following r,.olu-
tiOn> in the 'nitc! State Senate.
R~,''r.|. That il is inexp.4licnt and
Inwisc to contract the currency i,y the
witi.lr., wal from circulation of what are.
known ~ silver certificates. or to dislUn-
tinuc or further restrict the coinage Of
silver.
R.w,ir. II .tHrihr.. Fiat gold aud sill
scr coin, im>c.I upon Il proper ratio Of
equivalence. between the tw" metals,
::Ivi i>-l!r.' of lmlNr. pr.siic:.tc'l upon and
rnnvcr,alir int" coin on demand, con-
:.titutc the proper circulating medium Oi
the country.
Dispatches O: :. recent date give Il
synopsis "f Senator Brown 3 speech, u,n,m
his resolutions. 1t will lc noticed the
able senator differs witt, the un:.s,l..
M''.' .N,"a/v;n on the meaning III the
wore: ''intrin>ir,' hut then it must i~
horne in mind the gifted Georgia senator
il only u ":'lar>t,l ilanlcric,n, YOU
know" am! not fav"r.s! with Il polite
education. Here is VIVA. he says:
Mr.. Brown argued the commercial
v:.l;'" given ."i.i or silver WAS no; their
.uir;l:>i" value ~ metals. but the value
Wiiirn iEc Government >t:,,u,:; u,n,l
them AS Il medium of exchange. The
.:l,,,' "i silver ;laS been reduced. not be-
".H>' q; Ovc. i'r"iurLiNn. hut h,r1.,.>e III
II decentralization !'y the British ami
I german Governments. lie then re-
viewed oar legislation on the silver
question. SHOWN. lis umiritn.!iv
r!a:a'trr, ANA tia; while silver
had not 'H,n aide to Withstand. it, |
cold w"nl.l Not have >t.nnl il any
:r;trr ii .hc assault li:,,l icrn made tl,m,n
that h.,tal. .\> to vita. shall he t.,,. RI
Ii" or equivalent. Il" said the irnr;, |!
STANDARD WAS about the tr,c ni.. THAT
rate WA. the one upon wi,ic!I France |
W"''d I" wi!!in. to stand with the |
I n'tcd states. ('On,rIvertinv liz" as
upon which the Secretary Of |
He treasury had basel his r.1.,..n,rnI- ;
.'i"n> for >i"iI'in" silver coinage. that |
II this WAS not done gold will ii"w from, ;
he | mice! State. aM.l silver would take !
lis place ami ": would IT, reduced
in the commercial world t. the
level "f til" minor and less civilized! ia
lions. Mr.. Brown argued 1" show We
i:"i fixed rates etWt.n the two lnrt1:> ,
higher than i. hai been fixed hv other
commercial powers, ours being Ii H. ],
Whi'rmt'<t :! the e. numerical nations
,t"lt -! to ! AMI Germany II t. I, and !!
hat practically the YER; reverse @!
/. flow If gold from and a; silver to the
mitr.l States would IT, the Result If this. !,
Figures showed under our coin
aye ~ sem the drain Of gold is toward
lie 'nit,,l States AMI a." drainage Of
silver from the 'nitet1 States. and which
was Increasing from year 10 Year. Our
ratio :sS I" silver has not been fixed too
Ow. ami il We had erred ut all, We had
iNtrl it too high As q great silver
'r'"iuciny power We were ass,iliny our
'wn interests in seeking to dapre,.ia,..
he value Of this production, and in
dining with Germany and Great Brit
'in in giving tU gold alone the name.
mi Importance W money.
One If the PRINCIPAL arguments adj
'a"re.l Ivy n'"n"-lI'ctalli~t. ag:lin., the
urtl'sr coinage Of silver H. that our sil-
'tr Is retained in the country while our
'"'d leaves us t" supply the demands OF
"rr'En trade. This assumption is not
''>taine'i hy facts. During the last fis-
al year over 81, 'kW, NN Of foreign gold
we're imported into the United States.
'"r the same time over @s5,MO,Mw Of
"'''>tic gold were deposited i'm the
hints and assay offices III the United !
tats~ y total II $l322, OOO, NM added to our
Din circulation for the past year. .
or the same period Of time the ,
xlOrts III gold from the United I