Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-12-14
Eureka Dailp Gentinel.
SUNDAY. ....... DECEMBER IA. 1884
RuCKNER,s BEL.


We are not sorry, says the Salt Lake
Tribune, that Mr.. Buckner has intro
dnced his bill to suspend the coinage OF
silver dollars, because that will bring out
a full discussion Of the subject. 1t is
liable, too, to end in the placing Of silver
on precisely the same basis that gold &C.
cupies in the United States. 1t is said
Mr.. Buckner is a friend of silver, but
deems that it is necessary to suspend the
coinage of dollars until the great COM
mercial nations Of Europe shall agree
upon a basis Of the relative values OF
silver and gold, and to a bi-metallic
standard on that basis. This is the Nc.
Culloch and Wall street idea. We con-
fess that it looks very childish, undigni.
fed and dishonest to Is, but we will
wait to hear the arguments. In the in
terest of her money-lenders, Great Brit.
ain, 6S years ago, demonetized silver,
and has ever since sought to make the
nations accept the same standard. In
1875 or 1876 a crazy expert reported that
there were fifteen hundred millions of
dollars in sight in the great silver
bonanza in Virginia City. Germany had
Just received its idemnity from France,
and, feeling rich, and dreading a fall in
silver, it followed England's lead and
demonetized silver. The truth is, the
bonanza contained SIG, 600, 900, A per
cent of which was gold. Now Holland
has followed Germany, and Italy and
Austria, which countries have been
forced to discontinue specie payments
for years, are considering a pisu to
resume by borrowing money enough ioT
that purpose from the Rothschilds; and
a part of the proposed contract is that
they, too, shall demonetize silver. On
the face of the matter it looks like child's
play to suppose for a moment that Great
Britain will give up a plan which she
has steadily been pursuing for almost
three-score years and ten, and at a time
when she has just about conquered Eu-
rope with it. We have showed that the
product Of gold is steadily decreasing,
while the demand for it is steadily in.
creasing. Last year one-seventh of the
whole product was absorbed in making
watches and clocks. We are just pre-
pairing to try to capture the trade Of
Spanish America. In all those countries
silver is the sole standard OF values. Our
own internal commerce amounts to as
much as the of half of Europe.
Because Of the burdens placed upon gold
it is now so inflated in value that every.
thing else, including silver. is beaten
down from eight to fifteen per cent. The
balance of trade between our country and
the rest of the world is 500, 900, 900 per
annum in our favor. Ours is the gran
airy and the cotton throne of the world,
and our product of precious metals is
equal to that of all the rest of the
world combined. The wealth OF the
republic exceeds that of any other
country, and is increasing faster than
that of any four other powers combined.
Under such circumstances it is a humili-
ating spectacle to see our representatives
appealing to Great Britain and Germany
for the recognition IN their part of silver
as money, especially after we have been
three times snubbed. It seems to us the
proper thing to do is to say to Europe,
do as you please, we will have a BIZ
metallic standard, and if you do not,
within year, accept the same rule, we
will strike gold from the count and adjust
all u contracts on a purely silver
basis" It would have been adjusted
long ago except that the financial Offices
Of the government were in the hands of
men who accepted the dictation of the
gold sharks of New York and London as
true wisdom and statesmanship.