The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1885-02-28

standard silver dollar. The effect
would be a contraction of currency
80 sharp IS to send a shock to every
village in the country, the volume Of
paper money being insufficient fer
the demands Of husi less, would
be used fol-. labor, but its purchasing
power would gradually dec inc until
It reached tue level of its market
value measured by gold. This de-
PIE dated currency would then tase
the place "t boarded god aud the
labOrer would receive his pay Iii DE-.
preciated money while cauit,ljsts
: would stipnlate for gold. Then we
should hear thee for the redemE.
ton of standard dollars in gold, anG
rightly hear it because we had pr.
vId-d it Was to be received and pait
In all respects Ike 9 I'D coin. 1t WAS
to the true interests of all CLASSES to
maintain the circulation Of both
metals, but this must he done on
basis according as Dear'y rs possible
with their relative market vaiue,
That alone o stlluted bi-InetaI iNu.
Any demoneliZ!ng Cf either metal
would be d wide reaching calamity,
Sherman's idea of the remedy Tor
the threatened evil would be either.
fist, by International AGREEMENT to
MAINTAIN the Tree coinage If siIu!
and fix its rates; OF, second, bv SUI.
pending the coinage Of silver unriit
is demanded by he wants OF Iu1'
ness; or, third. by the adoption Of al
American bi-netal IL policy Of lre
coinage of silver and gold according
to their market value.
The senate COMMITTEES on fiDaGce did
not seem prepared, Shefnao sad, IL
adopt so broad AL economic policy
a0d so lie would support he veildlug
bill, but his own idea Was DoldlytO
proclaim the purpos- of ahe unltd
States to maintain bi-melaliic money
even if we stood alone among the
nations of the earth. We were better
able 10 establish such a fiscal policy
than any other nation bit The policy
indicated wa, perhaps in advanced
the sentiment of the cOuntr.v. slti'
man would not press it aid W0aId
be content to deal with The proph.
lion that geve Us some s&Ie-s4rd
against what lie regarded rs a grsL
threatened evil-de,nonet' Z alton and
boarding of gold. Sherman approved
the idea of endeavoriHg to seclreal
international agreement rs to The
ratio of value between silver a1d
gold, but had not much faith thatl
agreement could be reached.
Beck read from the report Of e'
Secretay Folgei to controvert theP'
sitiOn assumed by sherman on lie
trade dollar. AS to the suspen'lOl
of silver coinage, Beck said We
should not in the last hours
of this congress atteIrpL u
strike down silver, neither sloaN
we give any president the poWefI
his discretion tn strike down colD@
the country. He Beck would give
that power to no Pfesldtu'
no matter how much c%onffel':
he might have in hun. He woaa"
lief give the President tie rgA
declare war. He was gla't to teaot
TO say that there was 10 danger l"
any President would gtt s0cI,
power, for elsewhere i'll ii hoHf 'e
had the power an attenll I laN y"o
made this very day to give & RE-
dent such a power. and ii had IS
erably failed.
Hill maintained that The lM
when gold would be in demand ~
export was ind -haite,y cem'.e sL
Yer was to-day the exclusive I,H''
of a large majority Of liz" Es0Ye
the world. Hill criticised the p"n
ton of Sherman, morrill, ana pr
ard, Cd the silver question, slo "a"
the attitude assumed by the hIiaI'
committee of the senate.