The Arizona champion., 1885-12-19
THE DOLLARS OF OUR pADpfrs.

be taken to stop the coinage of silver
 dollars. The reasons adduced for
 this recommendation are, that while
 there are abolt sIs, 900 ,ooo of silver dollars now in existence only about so,
 GOO, 900 arein circulation, the remain. der being in the treasury vaults, where
 it IS stored and kept at a considerable expence to the government, and that the 2 1000, ,ooo dollars which the law
 provides shall be coined, every
 month, is constantly increasing this
 idle mass of money which lies useless
 in the treasury. The consequence of
 this accumulation is to depreciate the
 value of the silver dollar and to with draw gold from circu lation. This he claims will result in inficting a most serious injury on the working classes,
 who wlll eventually find that the sill
 yer dollar paid them in wages has sad
 ly appreciated in its purchasing pow.
 CT. He further claims that the con-
 tinued coinage of silver is injuring
 the trade of the country, because cap-
 italists are unwilling tc invest in en. lerprises and take the chances of the questionable shape in which t: :,
 money may be returned to then.
 These arguments are advanced b. ,he
 President with considerable ability.
 But it can easily be shown how ua. stable and fallarious is the position he takes. Ia .
 Granted that there are I65, 900, 900 silver dollars lying idly in the treas ury. In the language of the delegate to the Chicago convention, these d ,i- lars, if they could speak, would ex. claim: "What are we here for? Why are we not paid out in redemption of the National debt1 Why don't the government use us to pay its 'obliga- tions2" The true answer to these questions is: because the secretary of the treasury is in collision with the great eastern capitalists and the Wall street spectators, whose object is to narrow the coinage circulation as mush as possible and demonetiLe silver, so that it will have no value except for mechanical purposes. With the coinage of the silver dollar once suspended, Black Fridays and fnan- cia! panics would be as plentiful as the most reckless operators desire.
 MT. Cleveland is not correct when he says that the com age of silver dollars will cause their depreciation Tn value and thus bring injury on the working classes. It is their accumu- lation in the vaults of the United States treasury, not their colnage, that will do this. He ought to know that it is an axiom in finance that the mos, immediate effect of any reduction in the money supply is to cut into the profits of the laboring classes.
 The present monthly coinage of ? ,ooo, 900 dollars under the Bland act, is the only thread by which silver is held in our monetary system. Strike his law from the statute books and we have monometalism on gold basis. Extreme monometallsts not only want .he coinage of silver stopped, but all he silver dollars called in and with drawn from circulation. But there is no fear that Congress will consent to his. If the Bland act is not suspended ,y Congres a, tbe President recom- nends, we shall probably hear of a in the shape of compro- mise, that the silver dollars, which | Ire now worth eighty, five cents, be made with more metal to bring them ID to 100 cents value. What does his mean2 An increase of Is per ,ent on all debts. A decrease of IS per cent on wages, and total loss of IS per cent on all silver money in cir Such q scheme is prepos- erous.
 The plan proposed to be submitted o Congress by MT. Warner, to make forage receipts for silver bullion le- al tender, would be disastrous. The alue ot these silver certificates would 'e constantly changing, therefore 1t 'ould practically demonetize silver.
 On this proposal to stop the coin ee of silver, the Western States and territories should speak with an un. ivided voice. Shall our great silver inning industry be stopped Shell UT mine owners be financially ruined nd oir mine workers thrown out of mploymentp Shall our fair and Wa.,a., lad. ...t,;ak a.a