The silver state. [volume] (Unionville, Nev.) 1870-1903, 1885-11-30
THE GAzETTE's "TRUE REMEDY.

The Reno Gazette of a recent date,
under the head of "Trne Remedy fol-
Silver, stated that "the laws of finance
are SO plain and simple that no one need
make any mystery of them if he is an
honest student" Assuming from this
assertion that the Gazette was an
honest student, the SILVER STATE asked
fit knew of any better way of increas.
ing the demand for silver than by hav.
ing its coinage free, the same as gold,
at the MINIS and if, after due consid-
GRAFTON of the subject, it does not be.
lieve free coinage preferable to it's pro.
posed remedy of putting as many grains
Of silver in a dollar as London brokers
are disposed to sell for dollar? The
Gazette replies as follows:
eve would retire all gold coins and
paper notes below ten dollars and give
out silver in place. Two hundred
millions of silver would be necessary
for this purpose.
eve would coin four million dollars
. month, and if no one called for them
would lock them up in the Treasury.
eve would issue certificates for sill.
yer, and if no one wanted that we
would lock it up until they did.
eve would allow national banks to
deposit silver bullion instead of bonds
as security for circulation.
eve would try these plans, or such
OF them as we could get made into
laws, and if they, together with the
demands Of other countries and the
arts, did not affect prices we would re.
adjust the weight Of our coins.
Space 10 too short 70 give fall our
reasons. but we dosnot share the SILVER
STATES confidence in unlimited coinage.
Tia larger dollar was coined it would
be no better to the owner than the
same amount of silver uncoined. If
the present sized dollar was coined to
an unlimited extent gold would become
merchandise, and it and all OF the
commodities and necessities would be
80 dear that the result would be the
same. In other words, with unlimited
coinage, coined silver is worthIno more
than bar silver, and the miner loses the
market now afforded by the Govern
ment."
1t will be observed that this latest
"true remedy" of the Gazette is quite
different from it's former prescription
for silver, and that either the Gazette
is not an honest student, or the claws
of finance" are more complicated than
1t surmised. Retiring paper money of
a less denomination than ten dollars
meets the approval of the friends of
silver east and west, as does also the
coinage of 100000 silver dollars
monthly, as the Bland bill provides.
but the Gazette evidently as an "honest
student" would not advocate the
boarding of those dollars in the Treas
ury. while the country owes over a
thousand millions of dollars, for the
payment of which they are a legal
tender! 1t surely would not think it
just to the masses, who are taxed to
pay the interest on that debt, to keep
millions upon millions idle in the Treas
ury that could be applied toward can
ceiling it, and If, as it says, the un.
limited coinage of the present dollar is
to make merchandise of gold, that
would be no worse, nor as bad, as to
make merchandise of silver, as the gold
bugs are now trying to do. If the
Gazette is an honest student" or
studies the subject at all, it must see
the absurdity of its assertion "that
with unlimited coinage coined silver is
worth no more than bar silver, and the
miner loses the market now afforded
by the Government. This is mere
twaddle, and betrays objectionable
ignorance on the part of the Gazette.
Every miner in the country knows that
if silver was coined free on a par with
gold at the MINIS, the producer, not
the Government, would be benefited
to the extent of the difference between
the market and coined value of the
metal, which is now over 20 per cent,
and that there would be no necessity