New-York tribune., 1884-01-23
TIE SILTER QUESTION
ditor OF The Trtbune.

"a me Editor Of The tribune
SIR: The impression seems 70 prevail quite
ery that those who believe in the theory OF oineia
ism q. matter OF favor the continuance o 'uo
rreeu silver coinage. This Is mistake TOT he''N W
tern himatasts strongly favor the suspension oS'c
coinage for the present, believing th%t oy 'h"t
.pch pressure would be brought u bear upon Eheahu
-, s,e nther nations as would lead Them to take the
,Di,stiyc in an international understanding Wnloh "o"u
~ restore the former relation which existed TOT 80 ohs
a ,,so hctwccn the two metals with only very shth'
raiious The diminished product OF gold, ana ts eio"
,,and abnormal scarcity az the markets OF the word
ii , that at no remote period. II It alone is used
., the monetary standard, contraction, shrnkAge OF
.,,e, and financial disaster VII follow. The greatly
,,,,,,e,s,cd annual gold product in connection
,,,,b Tie fact Of greatly increased oonsump
,io, Of II in the arts and with eonstanuy e&
,.ndpg populations and commerce, make TINS
tendency sure and continuous no, rapid we nave no
. viii ultra silver inhationlss, who want 10 90
81 c mn silver dollars for which thcTe Is no present
, blt the remains that We are the great silter
1,,.if.r mai ion the world, and that we are great
,erfc in the right solution OF this question. Inc ue
noDot;ziiion OF silver by tcTinns ; NV mo @ he n'ret
"a tTe OF that quantity oi gold 10 TAKE Us
SUI ~ tbr Greatest among "a variety Of causes Tor The
i-a.ef,, r,,uslfinn ol values.
.,,,r instance OF the growing absorption OF soH
~ . III & .tc of coinage notice It's In dentistry.
-, = Ia nv tiIose who know up into millions
'rlc continual scramble fOr gold ahohS the
,,,s nov. rs present abnOrma scarcity. We SPEAK
~ tbr l-rcut dollar" which Is true - IneaSitd oE
slJ I'm; 4 measured by general average on
80 mani otltrrt products II "a worth i"p ''ls sun sun.
sficfIV .lekiug 0n that basis cGhic We n"'
80 tia hc silver dollar ts really WORLD IVO oeHt9 WIN"
a. -. ,sd dollar has a real value OF 10 cfnS
% tr.f thlnr for to do H. 20 sinp IN" iF,t i, c"i
.re aul VERY son England VIII una h'f tct" an
I1a and other silver countries so dlsLuo ',.st u
soo, l, r,d 10 como tsrms in4t"hd "l h'iug sl'
~ ~ g.. a,,e and matte In an international arfahgc-
Ipent the moral eHeci OF which would 'eed! it
sr,ner relation which existed Tor three ccnt'rs W.
nnle si,,b, ,3Tiiun- and which wutd s"'Ne ~ & ui,
c,iliIr- n r,iirt,, unnd effort ana u IS lu'o - o - G
a. trV ~ larur hiS burden idoue- II ING views -.
frti d, ,f -I with youTB. viii you kiudy 7'.ts
,i con inter 10 b. their defects. Tor nave no
siF' Ul.'i' 10 -', q. ,- t', ''' - " II. w
question. lolIa tIuy,
B0slpii, Jan. y, 1854
rT,rr TuIgvNF has many tunes urged the Sano
constructions upon those who believe IN ol "''-
olbsu, and there can be no question that The con
tinuapro of i,cr coinage in this cohury operates
,oore powerfully than all other causes coh'hih'u
10 pr.ycnt International agreement on tins hnole''
Morcover those who dOnOt believe that unnm''l
coina w. of both metals Is the best solution "i the
djt,icuty-as luE TRIBUNE does not-aro iorcon 10
recognze the necessity for sane solution, by agree
,uept Of commercial nations. Bat the continuance
Of coinage IN fhis country prevents any agreement
or solution It is desired. not by seuoible In met
ollia,. bat By persons who have mines to woTk OF
10 srll.-Ldi