The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1885-10-03
THE COED FARoE AND THE SILL
YER SCARE.
New York Mining Register & Journal
Of finance

Some Of our bankers fear that our gold
will ily away from us il we continue to
produce the good, old-fashioned silver
dollars. They assume that the employ
ment of an inferior currency will DIVE
gold out Of circulation.
Inferior currency, forsooth! What,
gold the money of 100000, 900 of people
superior to silver, the money of four-6fths
of the people of the world The only
inferior currency that We have in this
country is that which is represented by
national bank notes. These are redeem.
able, it is true, in "areenhacks," and
''greenbacks' are redeemable in gold or
silver, as the government may elect. but.
nevertheless, they are not legal tenders'
No one can obtain our gold unless they
pay full value for it. If they pay full
value for it, why, Of course, is any one 10
simple as to suppose that those owning
the gold will part with it in exchange for
that which is not Of equal importance to
than, M ;ndsed Tbo,e who own our
gold will not part with Il except for 4
full consideration.
But what reason is there for our fear.
inc . loss Of cold, How much cold !.
required to meet our current demand for
H., No ono wants oold while thew can
oct ..oreenb.cL." or national hank note.
much less good silver dollars. ~s
The banks or ipdividu.l. NAV hoard
Gold n. much = thew nleasa v;tbout II
the least affecting iniuriouslv the general
interests Of the country
The cold hoard !. surnlu. money held
bv those who either have NO busines. uss
for II or arc covetous and tberefore =.
the m;.er !. in IN. habit of do;no thsv
retain \ 70 he mad 7. . man. ~ 1r.t;fv.
inc their FLOATING ;nclin.t;on.
w. have to- much mon.v 4 mi. co,n.
trv for cold n became q nece...rv q =.
A. to iustifv our having . premium for n
So iopo :. n. cold conutr;s. r.ou;rs
orr COTTON Grain c.ttl. I;cuor, ,oh.cco
and othor rrod,ct. ~ lone Ill, -. 4.
ali. - obt.;r M n. ooId "a ,o.v -
ou;re
4. ,ss.r,,. .;Iv.. -. .,;,I 80 ,;.ho,.
no.,;bls cortr.d;ct;or ,h.t !. .oor !.
hu,;re,, ,sv;v.. ws v;,,, h.v. mai, !. 4.
m.nd Co.. .;lv.r th.t Y. nr;c. Viii .oor
r..ch A.. ali rs,.t;v. v,,rst;o, =, r.,a
4 r.v;v,I ~ hn.;ns.. II, ;,.in.. +.
cr....r d.m.nd a. r,o,,,.,, ho,h 1900.
~ MIN, 49,. ~ a.. L;.a. - 49,
And nrorertv. ma hsc,,.. u n. .r,.,,.,,
volum. of trade and nroduct;on cr.,ssd
Nv ~ ;ncr.,,. Il Dr;cs. "A N ou.rt;tv
Of product,,
Ne;th.r Eno,.ra NOR c.rm.rv c.r am.
duct their brs;p... .fF.;r. mon . ooIa
hal. alone wbeu bu.ine,s rsviv.,
cola |. the morsv n the rich Viii.
silver /. the money 81 the poor Gold
renre.ept. l,ro. ann. ~ mor.v Will.
silver represents sm.ll ones II tie rich
ds.;rs NOR. cold let them obt.;r n tn,
NOR peonle c.rrot ost .nvth;ns th.t
su;t. them 40 wall !. silver n ~ n
money for m.nv aces ha, made a NOR,
scc,ut.ble q n vernon, th.u .nv 49,,
l:.i - r.s M Ia ~ 49,
II an ;rfer;or morsv q. IN. oold;...
.ll.se drive. ~ .unsr;or morsv q, J
from -. :. should q once di,nens. ,s;s;,
r.t;ou,, b.nL rote. ~ IN. .vo;d .rch
I, d;refu, rs.ult N.tion.i b,nL not.. :.
not !, lsg., tender. nor II .b.v current y
,nv great extent out.;ds u q. IJn;tsd
s.s+s. wh;l. .;ly.r c.n H. rs.dilv A..
po,ed ~ Il N nat. ~ ~ h.S;t.bl,
clobe n
II IA bu. n tsv year. .;nce silver ID.
v.rc.a q rr;c. IA IA d.cl;n.d r..
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