Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1885-03-07
A FEW FACTS.

Since the first movement in the direc.
zion of the reconciliation of silver,
the most disastrous results have been
predicted as a consequence. The re-
sumption Of the use Of factor Of our
national currency, which had SO well
performed its part un,!er every trial and
yicissitude that il was more valued than
gold and commanded premium above
it, is made the occasion Of dire proph
esy and apprehensive alarm. The mani
fcstation of such solicitude is a rare
thing in the class now apparently so
anxious to save the nation and people
from financial ruin. Another point
worthy of note is that none of the evils
SO positively and persistently pointed as
sure to follow the coinage and use Of
silver have yet been discovered. One
more point also may be noted, that ne
logical reason or line of argument was
ever presented to give any foundation
for the assertions and warnings against
calamity. For this there was and is
now one Of the best end most substan.
tial reasons, and that is there is no
ground or basis upon which any such
claim can be established.
Silver has been in use as currency
since the beginning of commercial his
tory. Silver to-day forms part Of the
currency of every nation of the earth,
and nowhere can there be found the
faintest indication that its use threatens
danger to the interest or prosperity of
any industrial or commercial activity.
The one fact, however, is most clearly
demonstrated, that it is not possible to
conduct the business of the world with.
out silver, as the amount Of silver in
circulation, even under the restrictions
laid upon it, in many cases, is but a
triAe below that Of gold.
II, as is claimed. the coinage Of sill
yer will drive gold from the country,
why does the treasury Of the United
States to-day show more gold, after six
years Of silver coinage, than any other
treasury in the world1
France has silver coinage Of $685..
ooo, 900, yet her treasury shows $685.
ooo. 900 in gold. while Great Britain,
the recognized exponent of monometal.
ism, presents treasury containing only
$3.50. 500, 900, taking the third place in
the list.
1t would seem that France should
show some signs Of the calamiiies OF
the use Of silver, es her coinage is
about thre per cent. less valuable intrin-
sically than the standard dollar OF the
United States. The present position
OF France has been maintained a suffic
lent length Of time to thoroug hly test
her financial policy and give indications
Of danger, if any are TO he apprehend.
ed. The amount OF specie issued per
capita by France is nearly twice that of
our own; her silver coinage lighter, yet
gold is not driven from her treasury,
and there have been no records OF fleets
Of ships dumping silver upon her
shores. England is coming in her own
minis more silver than gold, and uses
each year more silver in her India trade
alone than the annual silver coinage OF
the United States minis. As Great
Britain is purchaser and not a pro.
Queer of silver. it is certainly for her
interest to proclaim one metal a, cur.
rency while using two, if thereby she
may control the markets of the world.
It is time for the United States to pro.
tecl its own industries and fix a price
upon its own products. A wiser states.
manship should more vigilantly guard
our own interests, so that our many ad.
vantages shall contribute TO our own
advancement and prosperity. Chief
among the questions Of importance to
the future of this nation is the develop.
m,nt of its mineral resources. Mining
P<Dfe1O es-.r