Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1884-12-16
THE LAST ATTACK ON SILL.
VEle

The Chicago Tribune, discussing
Buckners bill to stop the coinage
of silver for three years, approves
it. and thinks by that means Eng
Lana will be forced to acknowledge
bi-meta'lisin. It reasons this way
Late advic from India. which is
Englands dunping-gronnd for sill
yer, Indicate that that market cam
not absorb much more without SER
iously Gripping the English ; ye-
nues. That will he the quic ,est
way to obsain English recognition
of double standard" IF there is
any solid sense in that kind Of reas-
. oning, we confess to being to duh
to understand it. What it really
says is this: "Adviccs indicate
that little futher call from Tniia
will so drain the markets of Great
Britain of the metal, that it will
be forced up t. par. as it was twelve
years ago. But, if we suspend sill
Yer coinage. it will enable England
to buy what silver size may need
for the India market IF us at mer-
chandise rates, and to still further
break down the price of the white
metal. which will. Of course force
England to recognize it as money
and adopt double standard. The
Salt Lake Tribune says:
1t seems to US that far more af-
frct!se thing for Congress to do
would be- to cease the coinage but
order the Treasury to buy of sill
yer $5,O00.000 per month; to re-
ceive it. east it in ingots. and, stnr-
ing the bars, issue certificates upon
them. to be used for all purposes,
the same as gold certificates. Then
if England had call from India
for large amount Of silver. it
might so trouble her to procure it
that the price Of silver rs merchan-
disc would advance &, it's coin value
and that would end the business.
Except for its chief use as money,
it is clear that gold would fail quite
fifty pc cent in value. With that
fact staring men in the face. they
still say: The way t, cause silver
to he recognized as money. and to
bring it int, general use among the
nations, is for the nation WI ich has
the heaviest commerce and the
most uses for money, to stop its
coinage and To throw the whole
burden upon gold" 1t seems t" rs
that sach reasoning is childish
and that it places our nation IN =
trucking dependent and subnrdi
nate position which Il does not de
serve. France has twice more Sil-
yer per capita than the United
States. and still her gold reserves
are steadily increasing She hae
no mines, nothing to gather gold
through except her trade. Still.
men in this country who do not see
a COLL coin once year. are airal'
that with IA balance of trade #
$l00. 0000O0 in our favor, hy some
mysterious hocus-pocus, we shall
have all our gold sent away and be
left naked with a single stanharl
If this were true, it would be inf i
nitely better thai tn force single |
gold standard upon the nations;
reason as we may. that takes
half the real money Of the world |
away and doubles the burdens laid
upon gold. There can be but on,
result Gold will he inflated at the |
expense ct everything else that |;
man has to exchange for it. Silver
will fall to seventy-five cents on tn"
dollar, measured ry gold; and Will i
it, -four and meat and cotton AM i
labor will fall il the same proper
ton. The only advantage will be
to men who loan money. Then
three per cent annum will hny just
as much as four per cent viii now.
The New York Mail and Express
estim ties that llm.0OI Irish Amri-
leans voted for Blaine and Lo an
in New York, and says that tnese