The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-03-13
Silver as Money.

We have every day or so some fling at
silver money in papers that it seems To us
should see the folly OF this pet idea OF Re-
publicani,m. Every prophecy Of evil made
during the discussion and after the pass
ace OF the silver bin has come to naught.
The present state Of the currency proves
this Democratic measure 70 have been the
NiSost financial move effected by any party
since the war. Let Us look at some events
that all can remember and recall-maEy
predictions that we have forgotten.
II is a fact that previous TO 1870 we had
cri,e, and threatened crashes every few
months and a continual cry for increased
currency and circulation from trade, and a
continual cry for redemption from capital.
and wild excitement and grumbinS IN The
oold-voom. We could not resume in gold
without treat contraction, and contraction
would palu'yze trade. just then the " do!-
LI-of-,he-daddies idea came from INC
Democrats and the coinage OF 4,OOO,OOO
silver dollars legal tender per month was
ordcrcd-thc silver bill became n law. IL
wa, declared 10 be reputation icy tae
Hcpublicans; l. was said that tie country
would he flooded with deprecated 81
yer. which no one wanted; that gold
and even legal-tendcr paper. would IeIlre
and be boarded. and that SILVER ccrtihcatcs
vould be ~ abundant and soon become III
most a. worthless as confederate money
The silver Democrats were denounced a.
iu0ationi,ts and repudntor>-lorclhS upon
fine pcople false legal tender. Ihe great
I financial philosophers OF the RepuDilcah
marty shook their grave heads, ana sald inc
| Democratic Congress had ruined The cur
rcucy. ENDANGERED trade, destroyed conn
/ dence. and some northern Democrats, SUD
/ sidizcd by national banks, joined IN me
crv. and fools believed them. Now, Wha'
/ have we 10 day 10 rcbukc these 1als,
prophets who pluudered the country, ahu
/ IN their section filed II with national
bank, and kept control OF the cur
rcncvP one statement is sufficient 20 Nindr
cate the wisdom Of the Democratic party
and TO show that the head OF Allen u
Thurman was the leyelest and Wlsest o
that day. II is the presence everywhere
gold a. currency at par With SILVER dollaiS
and the fact that gold Is daily exchanged
for silver. which Is preferred Tor currency
cold i not boarded-in fact, it is not dc
sired rs cuTrency-gold dollars are aNoluVu
while silver half-dOlars are in great DC
mand. Another great fact i, We have no
b,d q crisis ora crash-We have had no cur
TtUeN eNClttilltul@s Nv eeitl"liio 80
corners I'm currency, no runs on the Danks
WHY Is thisY Simply the resumption &C
cuytailcd the paper circulation and Drougn
lIegal-tcnder notes TO gold. The silver bli
0ooded the country with lcgal-tendor 81
yer~which had an intrinsic value, preserI
ing the confidence Of the people, while
inflated circulation somewhat beyond IN
contraction OF the paper. The trade wa
supplied with real money, gold ceased 1
have a fictitious yaluc-gold, paper, ant
silver, ali legal tenders. were on the c0ui
TRY together-equal; trade was supph,eC
confidence was established, speculation vi
tire currency and sought the trade marts-
: Gnict and security existed in financial ell
! cles. The Democratic party-a Democrat
Congress-did this, and forced Republ
, can President 10 approve 1t. GIVE Vi
J same party control OF the revenue systel
and the internal revenue Will be repeale,
the thrift reformed, Government eXpend
lures reduced, the burdens OF taNatlo
y lightened. and the prosperity OF the coul
I try assured. -LWchbTg Advance.
I.