Idaho semi-weekly keystone. (Ketchum, Idaho) 1884-1885, 1885-07-04
SILVER LEGISLATION.

According 10 the washington COfre-
spondent OF the New York Herald, Con-
gresham Weaver OF Iowa, a Greenbacker,
and Senators Jones OF Nevada and Hill
OF Colorado have signified their approval
Of new scheme for silver legislation,
which is to be pushed In the next Con-
gress. Here are the principal points
Of the scheme
First-Issue certificates on the deposit
OF silver bullion at its market price at
the time OF deposit expressed In dollars,
which shall stand as the declared value
OF the certificates while in the hands Of
the public. The average value of silver
for the previous month might be taken
as the market value at the time OF deposit.
Second-Such certificates to be made
legal tender for all purposes except in
transactions between private parties.
Third They shall BIO redeemable in
lawful money, or at the option OF this
Government in silver bullion at its
market price at the time OF redemption.
When received into the treasury for
dues to the Government or redeemed in
lawful money, they shall be held and
paid out again as other currency; but
when redeemed In silver bullion, to be
cancelled and destroyed
Fourth-The coinage OF silver to be
suspended Until required again to meet
the actual demand for silver dollars.
On the coinage Of any bullion the GER
tificates representing the bullion shall
be Cancelled and destroyed.
Fifth--Fractiona silver, or at least the
half-dollar pieces, to be made full weight
and full legal tender, and the redemp-
ton subsidiary silver to be discontinued.
Withdraw the one and two
dollar legal tender notes without reduc-
ing the total value OF greenbacks; also
the t1ve-dollar bank notes, and issue
one, two and fiye-dollar coin notes,
based on the silver dollar now coined
dollar for dollar.
Seventh--Redeem and recon the trade
dollar into standard dollars OF frae-
tionGl coin.
The KEYSTONE is OF the opinion that
the above Is not approved by Senator
Jones OF Nevada. It is hardly possible
Senator Jones will give one iota from
his fixed stand on the silver question
free and unlimited coinage OF the same
"a legal tender in oil cases and under
all circumstances.
We can't approve the first section OF
the aboye--the issuance OF certificates
on the market value OF silver bullion.
There should be law enacted by Con-
gress disseminating the silver certificates
now issued, and place the silver coin in
the hands OF the people--in the channels
Of commerce. Silver money should be
as good as gold or paper money.
In the second section Of the above we
would amend by adding 81 legal tender
in all and every money transaction"
The fourth section is entirely wrong.
As long ~ any kind OF money lie coined
or stamped, silver should be used
without restriction or limit, as COM
pared with other metals.
All silver, ~ well as other metal coins,
should be be made full, standard weight,
and all bank notes should be withdrawn
from circulation. II paper money is to
issued the Government should do the
issuing direct-no second hands needed.
The seventh section meets our hearty
sanction. Trade dollars should all be
recoined and Congress should pass q law
compelling bankers in the East to take
and handle silver coin. The money
speculators OF the Eastern commercial
centers ara the only enemies there are
to the silver coins. Compel them to
handle silver or suspend operations, by
an act OF Congress and then the silver
question will be settled. Then our silver
miuing sections OF the West will be
valuable and prosperous. There are
thousands OF the poorer class OF citizens
all over our land who will never object
to taking silver in exchange for their
labor. Give the country plenty OF money
silver money at that--ond she will be
prosperous and progressive. We we'll
know this is not what the few hundred