New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-09-04
NEW PUBLICATIONS

OUR SILVER c9N AAoSaEi bNP2 alip EEPRfssIoN Is
Diets AND III, LmE GRiER PIP. los. Phisdeipnia
Sherman d Co. 1oon oslecn since
This writer appears to have Deeh as,o.p
,e7e His somewhat hysterica discnssion u 49, en-
n.s,,oo recites all the old arguments "n''n 40 Zen
qucson ,ting the Bland bill. just as II seven
- -, vner,ence in the coinage OF silver """ az
,,,rv absolutely nothing with oispoS'''on
no fair andcourteous toward those VINO uin'i :, ,no
q, onnion he displays nevertheless grea' "'"i ,o
ritter I'd angry spirit which seems TOO oi.en "
,ar,ze the utterances OF those VINO laVor s ,ho+
1nors 4, nothing In his presentation OF the queO
- ro,htno indeed that was not quite as ioio'Dly
rose,tad I'm the public journals during '"0 80
ntrovorsv which resulted In tho
~ tho silver law The writer falls to sho" Why hos
,inued coinage OF about $27,OOoOoo OF si. -e,tIr
failed 10 produce the prosperity whlch' W az oct of
in,ors was produced In 1879 and lSso py "o 90,
"SS oo,1 Judgment he passes by the iac'
80, 80 ara effect OF the act was the reunai
,ra,ion Of industry in the latter hair Oh 10 o.
,,g I'm the lowest prices known to TINS coui'-y ,o
years The recovery from that pefiou Vi 80, ,,,ovad
,o, lac Ted for two or three years. ana nus D00
-, ,o,h,r season of prolonged ana eSceplon'" "Np.
Dy ano'H', d in nrices once more the country
onc under commercial and financial dln'Ou'''
oa,,,gv once IN ore the advocates OF silver COIN
80 make haste 10 urge that their favorlte tneoiy
ma nnbed and even more completely carrieu o" "
1,.vernment in order 10 restore the couhu, " "
health. 49,, o sidod anneals
., ,,or c,estion without feeling of deep regret
o1 mon from whom they come are exceedingly sinoeio
cd ,hv no doubt believe that the one sioe' UT Pos'
,ha one edge of the shield which they see. Is 'no
=, Nevertheless they are mistaken luis "r'Vei So
clesrv enough that evils arc involved oy haflo"is W"
opetary basis by using as the worlds measure Vi "0
o,v the gold alone instead of the gold ana inc silver
h,, n 40 angry that he quite falls TO perceive lhaI NC
q, u,kinr war on a law OF nature child mgue JusV %
van cet into a had temper because the hre in'o WIN"
M hsd persisted In hrusting his little hst was 30 oo"
stituted as to burn. , a. .hor
.,da of The silver question: which MT urIsi a"u "s
friends fan TO see that In spite OF them ana III spo
an conceivable devices thus far employed among men,
a Bind of money always tends to drive inc other OUT
q, use The progress of the world IN commerce. III
means of transportation, In swift COMMUNICATE" VI
news and of commercial orders has operateu Ill o'e
tbe world TO render the more bulky metal less useI" "
commercial transactions than 1t formerly was Cohse
ouenty it is no longer possible, as II was hiy OF
twenty years ago, rely upon the use OF one niet -
one country and another in another to maintain INC
balance IL has become necessary 10 the
nrosperity OF modern commerce tnaO .no
monetary basis should be made substantany
the same for all civilized nations II were piaco"pio
IN gold aid silver CONS Sluc W oid't wv" N'0
an eouipoise of relation to each other In all countries
The theories Of the advocates of silver coinage woud Oc
much more meritorious than they are IT, on the other
hand IL were practicable to meet the needs OF the grow"
ing commerce Of the whole world by the use OF sou
alone in AL countries the sole measure or values the
theories OF the monometast would be more worthy OF
attention than they are The world has to deal Win the
facts as they actually exist and it finds tnat as mat
ter of fact gold and silver do not work as money sac ny
side nor has any means yet beeu devised to compel he
TO divide between them the labor Of measuring Vaues
All over the civilized world there is a gropns aiter
some new solution OF the difficulty and 1t is out alr 10
say that the experience OF every day proves mat 's
solution Is not brought by angry and passionate
controversy or by impuatons of bad faith or OF aus
honest motives on either side. Mr. Grier does not hep
the world to see how the two metals can be practically
used in connection with each other more successfully
than they have been hitherto. 1t seems fitting 10 nm
10 censure able advocates of silver coinage IKE hessrs
Horton and Burchard and Kelley in this country ana
Others of emnence 10 Europe but he makes no eort 10
meet the difficulties which they frank enough to ac
knowledge The monetary goes on simply because
the world has yet found out how to make gold and
silver circulate side by side at an unchangng relation oil
yalues.