Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1884-12-14
Silver. $50
aesator wmuas, 81 the wythevllle Dis
s.<r1>A fa1ks a folloWa:


He0ot0k " MtWU, " NC Wss'e
So1cA. tAIks q follows:
au.yrs CoyrAaE.-we fear Congress Il
stout doing an unwise thing BY repeating
THE Nv reGuiring certain amount OF silver
10 BE- coined annually. The Secretary OF
the Treasury and the President, II u true,
recommended this legislation. mainly for
the reason that Of the $3.50, 000, 900 OF silver
Splned only about ~, 600, 900 have actually
1ope into circulation, the remainder being
ctored IN the vaults Of the Treasury. But
they IAN TO estimate the millions OF silver
certificates that are used all over the coun-
try ss currency. True, the silver itself.
from its weight and inconvenience, has not
betu a. popular as bank notes. but the sil.
yer certificates are fully - much so. ana
circulate ~ readily ~ the notes Of the
national banks.
reney OF the times and the scarcity OF
circulating medium. TO adop. any policy
fbe effect Of which viii be practically to
lcsstn the amount Of currency In the coun'
try.
the Treasury. thus curt.lling circulation to
fhat extent, was no incousiderable cause OF
ire popular verdict against the Republican
party 10 the late election, and wesbould be
sorry 10 see Democratic House OF Repre-.
seutstiyes doing anything which viii tend
stiil more to restrict trade and curtial busi-
What difference does Il make II only one
dollar IN THREE coined goes into active circu-
lation. u silver certificates representing
the other two thirds are issued IN lieu OF
The coin. and are used every day and every
vrheye Al n circulating medium.
Our legislators should make haste slowly
I'm this matter, for II Is one OF more i'm
portance than some Of the Solons seem to
realize.
Whose views are more worthy OF re.
spect, those Of Senator wTHERs or those Of
wHrrKLAw REID or JAMES GORDON BES-
NETT, Jr.
Colonel TON WHITEHEAD reproduces our
last article on the silver question in full,
and referring 10 our remark that he had an
opinion OF his own on the subject, he said :
$50 says the Richmond Dispatch, and
we say that we have nm opinion that Is not
only our own, but Is that OF the masses OF
agriculturssts and laboring.men all over
Virginia, and we can and have maintained
Il on the hustings. vindicating the financial
policy Of the Democratic party. We en-
dorse and copy what the Dispatch says"
After giving our article, he goes on 10
say:
."What oil the sound. conservative Dem.
ocrats have demanded Is enough good
money for the wants Of trade and the peo-
pie. The Government ought TO be able 10
devise means 10 give the people such cir
culating medium--such q national cur
rencv. Hows BY coming. II they haven't
gold and silver money enough to be the
basis OF all paper circulation, the issue OF
paper money for convenience, not for In
trinsIc value, to be always redeemed In legal
tender gold and silver. The Democrats
With the silver blu broke the backbone OF
the move Of John Sherman TO produce
crash by resumption. The silver bill made
resumption possible without Jar, and saved
the people from the power OF the mono.
metallic capitalists. John Sherman did not,
as Secretary OF the Treasury. carry out
the spirit OF the silver bill. He coined only
the minimum amount. Now, II Is certain
that money Is scarce or the banks deceive
the people. Money cannot be gotten easily
on good paper. Our banks cannot accom-
modaie the people, and good paper Is
shaved deeply. No one refuses silver:
Thousands Of silver dollars can be loaned
out ON good paper to-day everywhere
South. Now We want to see good reason
for stopping the coinage and circulation OF
dollars that everybody wants to borrow.
and that everybody needs. There Ia de-
mand for silver, or any a. good money
"in Virginia, ut least"