National Republican., 1885-09-23

EnITOR NATIONAL REPUBLICAN: Some pco.
pie think there is danger to be apprchcndod
from the cholera and possibly some danger
from yellow fever But IL some woull.jo
iinancicrs and politicians are to be believed, the
greatest danger to be feared, aud IL possible
prevented, Is from the il2l5.grain silver dol
lar. Every few days we are reminded that
the government vaults are full AMI running
over, that they not only cumbcr the ground.
but that they are also chasing all the gold out
of tho country, and that unless something eau
be done to stop the increase of these dollars
financial ruin is certain to follow.
] find from an examination OF the report of
the bureau OF statistics for the quarter ending
June So 1885, that we exported In gold coin
ana bullion s32,j0i,OGj less for the iiical year
ending June 80 1885, than for the year ending
June 90, 1881 / find also from the
same report that we imported for the same
time s32 i2S, ,020 In gold coin and bullion, which
is 3,s0s, ,0j9 more than the imports of gold coin
and bullion for the preceding year. Taking
then the two items decrease of exports S31,-
LOGS and the increase Of imports 50, SlS,95l,
we have balance of s3d,3l3,O2i In favor of
this country on the years transaction over
the preceding year. This does not look much
as though the silver dollars were driving the
| gold out ofthc country.
exported for the year ending June 80, 1885,
s42, ,5jj of silver and imported for the SAM
time SIC $50, ,62T of silver, leaving balance OF
s25,G SOS exported, which is about equal to the
| amount coined OF silver dollars during the
year. If this should continue We would have
| very little use for vaults to hold our silver.
| The director Of the miut In his report for 1877
stated that sin the last twenty-five months the
| export of silver TO eastern nations amounted to
sli3, 100000" About 100000 900 of the popula-
tion of the world use nothing but silver rs
their standard, and the United States pro-
duces nearly onc.half of the silver orthc world,
and most certainly 1t would not be wise for us
TO resort to single gold standard to accommo.
date few men who may wish to speculate in
gold. on the Goth of last July the representa-.
tiyes OF over forty of the banks of New York
proposed to give the government s2D,OJ0,OO0 in
gold for an equal amount in sub.
sdiary silver coin for fear payments
would be made in silver dollars which
would become II disturbing element" These
men, unsolicited by the government, offer
twenty millions of gold for a like sum in 3Si-
grain silver dollars, but are very fearful that n
4121l.grain silver dollar will become "dis.
turbing element because 1t is not big enough
TO be an "honest dollar" The enemies OF the
4l21y.grain dollar call It short dollar" a
"snide dollar" "clipped dollar" but nre
not only willing but anxious to take u 3si.graln
dollar of the same kind of silver. In this
think 1t will be found they have fired their gun
with the muzzle toward themselves. These
gentlemen, and all others who are fighting the
4l212-grain silver dollar appear to be willing tc
make any sacrifice to keep that dollar locke
up for fear II will become disturbing Gle.
ment," and then having accomplished theii
purpose the cry is raised that 1t will not clrcu
late, and therefore the coinage must be stopped
Tyrant, who, according to legend of ancient
times, tied the hands and feet of his victims
and then threw them into deep water, ant
commanded them to swim, would, If alive to
day, be fit companion and associate fo
the men who are cXering themselve
TO keep the slyer dollar imprisoned
under lock and key, and then denouncins
II for not being in circulation among
the people. France gives l5l3 of silver to on'
of gold, which, of course makes their silvc
dollar cheaper dollar than ours, and yet thu
director the mint says in his report mad,
some time since, that France has 1926, 81 T. 81
in silver, nearly all of which is Il legal tende
TO an unlimited amount. and has also S733 400,
0GO in gold. careful examination of thu
statistical tables Of France will show that gulC
instead of being driven out by the cheap silye
dollar has been increasing Now, If sllve
dollar Of l5l5 10 one Of gold does not drly,
gold out Of France why will silver dollar o
16 10 one drive gold out Of America? Again, /
100000 ofpcope in France can carry Si2j,
Ai,s50 OF silver at par with gold, why canno
t0,COO0OO ofpeople in America do the same
Respectfully, II. PRICE.
SErT. -, 1855.