Wichita eagle. [volume] (Wichita, Kan.) 1883-1888, 1885-03-06
OUR NEW YORK LETTER.

OOR NEW YORK LETTER.
To the Editor OF the Eagle
The Rev. Henry Ward Beecher had
his first opportunity to test his popa-
lariiy as lecturer since the election, a
few nights ago at Chickering hail. lie
was invited BY the Ladies Art associa-
ton in this city, TO lecture before their
organization with view OF repienish-
ing their treasury. When the hour
for the lecture arrived, there were not
over a hundred persons in the audi
ence Mr.. Beecher was SO annoyed
that he went on the platform and an
nounced that there would be no lee
ture. and told the audience that they
could have their money refunded Mt
the Office As good many compli-
n.entary tickets had been given out.
the cashier at the office had consider
able trouble to know who TO pay
money to, as not only those who had
purchased tickets, but also those hold
ing complimentaries, presented them
for redemption. This was about the
best Indication that Mr.. Bcecher has
had of the effects of his late political
somersault on his popularity as lee
turer,
President-elect Cleveland recently
spent several days at the Victoria ho-
tel in this city making up his cabinet.
No one knows definitely yet. He was
thronged with politicians coming from
every part of the country. He spent
Sunday at Graysione, taking advice
fsom Mr. Tilden. The impression now
is that Senator Bayard has been offer
ed the position of secretary of state,
Daniel Manning, secretary of the
treasury, and that Messrs. Lamar, Gar
land and Jones have been settled upon
for some position in the cabinet There
is a good deal of talk also of NJ. Thur
man in connection Herewith, but the
general impression is that he and MI.
Pendleton viii be left out.
The daily papers of New York av-
erage about one editorial a day each
on the silver question. ltis generally
known that the stock OF most of the
New York papers is owned by bank
ers. and they are greatly interested in
stopping the coinage of the silver dol
lar. The latest move to stop the coin
age of silver is that of Samuel J. Ran
dali.who has introduced bill TO mod
ify the law in reference TO the civil
service. attached thereto clause au-
thorizipg the president to suspend the
coinage of silver at his discretion. The
Republicans think that it places too
much power in the hands Of a Demo
era, ic president. The silver dollar has
SO many friends in congress that it IL
very doubtful if any legislation can be
had during this session to stop IFS
coinage. The animal report of the d.
rector of the mint, contains lmpor-
tant facts abont silver that your read
rrs ought TO know. There has been
very little difference in the amount of
gold and silver coined during The last
fiscal year. The gold col mage
amounted to S27, 1872 ,s24, and the sill
yer S2s. lis, 3s7: the minor coins, ST.
i7S.709.7S. The total coinage was ST.
SS0.O2l.
The government derived a profit
from the coinage of silver last year
Of s.. 500 .6h2 sc. The total amount of
gold and silver coin in the country
on the 1st of July, 1884. was $500 ,0o0,-
900. Ofthis amount S250,000,000 was
silver and 1852 10000 was gold. 1t
seems according TO these figures we
have more than twice as much gold in
This country as silver. The total
amount of currency in circulation on
the lst of October, 1884, was 81 ,S06,-
1884: the amount of silver certifi-
c.tes was Sl2S, 260,721.
The director of the mint reports
i,at there is fractional silver coin S14,
sls.s7s. Now if we take the amount
- fractional silver coin and silver GER
Iiicates which are in circulation as
"a aney, from the total amount of sil
Yer coins, it only leaves S5l.912 1892.
fter all the fuss made about the coin
re of silver and its being piled up in
The trearury, il seems that it's all
practically in circulation except the
above amount.
The treasury holds S142 ,05S,7S7 of
silver dollars. OF this amount Sl23,-
2S0,72l is covered by silver certifi-
= ties. The treasury only holds SlS,-
798,058 of silver dollars more than the
amount in actual circulation in the
form of silver certificates. AT the
me time il hold S29. 474,l60 of frac-
i.nnal silver coin. Nobody raises any
81 Election to the coinage of fractional
yer, but il is the silver dollar that
:nr fight is against Notice this also:
7 lat the treasury holds Sl64 ,957.455
nf gold coin thai is covered by $780,
g36,620 of gold certificates, leaving of
Gid coin in the treasury S44020,S35
! addition TO this the government
holds S52 ,9i6, 5s7 oc gold bullion. This
ould make of gold coin and bullion
ia the treasury S96, 997.4l2 The total
amount of silver dollars, fractional
silver coin and silver bullion in the
treasury is S56, 2O6 600. ii seems,
from these figures, that we have near
D. twice as much gold in the treasury
y silver. Why, then, is the country
"a any great danger from the coinage
e the silver dollar?
The opponents of silver would like
10 make the people believe that there
is danger ahead if the government
continues TO coin the silver dollar at
4tlt raw ~ II NOluibc ~ INV bht 1iO''
" hat source can danger possibly come:
They tell lie that we shall sooH have a
silver standard; that gold will leave
she country. and the silver will
remain as cur only money, but
is that matter regulated by the
amount of gold and silver coined!
Does it not depend upon our exports
and imports, and not on coinage? If
The affairs of the government are con-
Quoted so as to keep the balance of
trade in our favor, aud thus keep our
coin in the country. we shall retain
both our gold and silver coin in about
even quantities. If the balance of
trade is against us, we would lose just
whichever kind of money was most
valuable abroad as compared with its
value in this country. The coinage
would have nothing 10 do with set
Ting that question. The tariff has far
more TO do with il than coinage. If