Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1885-02-18
sILVER.

SenatOr James u
in his speech in the United States Senas'
., the e.b instant on the coinage OF sii
var dollars, says among other good things
We are producing in the United States
AZ ,er cent Of all the silver that Is pro
dueed in the world. The gold Produc,
Of the world has fallen from si52
year a few years ago down to ssf'oVo'
coo The Director Of the Mint show
that four countries. the United States
England, France, and Germany, are usini
6fty.two millions per annum OF 'ns
piuety-four millions produced IN 'ns
world in ornamentation, iewelry, and
other things for which gold can be used
!. shows that gold is diminishing IN
Quantity and thereby increasing IN vaine
that our silver is no. increasing IN guam
tity. ba. has somewhat diminished, q Is
holding ia own better in proportion than
cold h., done. while trade and business
0AA -
is rapidly developing everywhere, ana
silver will buy more of anything but go'd
than il ever would. We know fha'
France is maintaining . far larger pro-
portion Of silver 10 gold than we are
maintaining to-day-6ve hundred NH
lions Of silver against ak hundred NH
lions of gold, worth l2i grains less to the
dollar than ours.
"Mexico. Central America, South
America. China. Japan, the Indies, all
the countries with whom we shall ever
get any sale in the future for our manu-
f~actures, are silver-using countries; and
II the President can make any arrange
meps whereby England viii no longer
dominate the coinage Of the world, and
the trade OF the world, and the bills OF
exchange Of the world, As she is doing now
shroagh her 60 per cent Of its carrying
trade and commerce, l hope he will-she,
Of course. wants gold and geld alone
if we can, aid the President in making
an earnest effort to set the other conn
tries to agree with Us in maintaining :
silver standard equal to gold. am very
anxious to see that done; but ] am not
willing, in advance, to vote for the sec
sion which provides that if We fail TO do
what we desire we viii quit coming sii-
yer on . given day within sixteen months
Of this time. / regard that As equivalent
to saying in advance to England or Ger
many: IF Yoa great credit countries
can prevent other countries from uniting
with the United States for twelve or IF
teen months, then We have > contract
already by an Act Of Congress that the
United States will make no further effort
10 maintain silver coinage; then she VIII
be at your mercy and At the mercy Of the
creditor class as home. your allies |
/ viii not say that. IS the last section OF
the committee bill proposes TO do.
England with her diplomacy and
power viii prevent all agreements il We
pass that section. Germany. though l
think abe d not As anxious TO maintain
gold alone Is she was after she obtained
. thousand millions in gold from France.
has an object in view. England draws
cola from every quarter. Her reports
show over ten thousand ports in the
world to which her ships trade; she has
her agents gathering in business and
cargoes everywhere. She Is now draw
ing from Is slo0, 0o0. 600 for ocsan-earry-
ing All bills Of exchange have to Be
drawn On London Her bankers get the
profit. She Is to-day storing the goods
Of the world in her great warehouses and
selling the silver that she obtains from
n 10 her serbs in India, while her own
people al home are drawing in the gold
Of the world. I am not willing to say in
advance to her that If she can defea. any
efforts made By rs TO restore our silvel
coinage we viii Surrender to her. Tha,
is what Is proposed by the fifth section d
the bill"