The silver state. [volume] (Unionville, Nev.) 1870-1903, 1885-12-10

hat Tie says About the standard
tsOt,ars.


silver:
Nothing more important than the
presenteeondltlon sef our currency aud
coinage can CLAIM your attention. Since
| February, 1878, tive Government has,
under the compulsory provisions OF law,
purchased silver bAlton and coined the
same at the rate Of more than 81, OOO,.
600 every month. BY tins process, up
| to tho present date, 2l5, 759, All silver
| dollars have been coiaed. reasonable
appropriation of a. deleg alton OF power
| to the general GoVennment would limit
| It's exercise, without,expr ess restrictive
| words, to the peoples needs and the
| requirements of the pu bic welfare.
Upon this theory theauth urtty Ito coin
| money" given Congress by the Constr
| tuition, if az permits the purchase by the
Government of the balloon for coinage,
any I'VE at does not JUST fy such pur-
chase aud coinage to an extent beyond
| the amount needed a cir ca lating me-
| dunn. The desir, to tsiliz : the silver
product of the coun..y should not lead
to misuse or the perver sion of this
power. The necessity for such an addi-
|
as is compelled by the silver coinage Act
is negatised 10y the fact that up to the
present time only about Fifty millions OF
silver dollars so coined hare actually
found their way into crc"l alton, leav-
ing more that's So, 600 go in possession
| of the Government, the custody OF
| which has -eutailed a, considerable ex-
luense FOR the oonstructss1 of vaults foe
It's deposit. Against shie latter amount
there are outstanding silver certificates
amexat;ng tosabout 500 0O0, G 90. Every
moath
S2N0o, 900 ON ssLD.
In;the public rsseasury - paid out for
S2,O00. 000 orsmOre of silver dollars to
be added to the idle MAS alrea dy accu-
n,ulsted. II continued long enough
this operation.syhl result I'm the, substi-
tation of silver fer all the gold the Gov.
ereuent owns. applicable tn its general
p1rposes- 1t wiz not do to rely upon
the seceipts of che Govern@ent to make
COED this decline of gold. beca,tse the
silcer thus coineh had bean shade legal
tender for ell debts aud Aees, public
add private. At stimes dsring the last
six months So per cent. of tie receipts
for dnties have been in silver or silver
certificates, while the average within
that period has been 20 per sent. The
properties of silver and its Certificates
received by the Government. will p tob-
ably increase as time goes on, for the
reasons that the nearer the period ap.
proaehes when it n ii b ooligad to fer
silver in payment OF its obligations, the
greater the inducement there viii be to
hoard gold against depreciation IN the
value of silver or for the purpose ID
specuisting. The boarding of gold hs .
already bearn. When the time comes
that gold has been withdrawn fEOaa cir
Eculation, then will be apparent the
difference between the seal value Of the
silver dollar sod dollar in gold, and
the two coins will part company. God,
Lstill the stand ard of vaioe, and neoes.
sary in our dealings with other
coustries, willis at a premium over
silver. Backs which base substituted
gold for the deposits OF thesr customers
mag pay them wath silver bought with
such gold, thus making handsome
profit.
RICH spECULATEkS
/
neighhors. who need it to hgudate
their foreign debts. at . rsiaous pre-.
MUM ever silver; and the laboring men
aud women of the land, most defense.
less of all. will lind that the dollar re-
..ceived for the wages of their toll has
sadly shsank in its purchasing power.
1t mey be said that the later result
will be but temporary. and that ulti-
mstely the price of labor will be ad
justed to the change. but even if this
takes place the .wass.worker cannot
passihly gain. but must inevitably lese.
since the price he is compelled to pay
for his living will not oaly be measa red
in . ooia heavily deprecated and fuc-
tuating and uncertain in its value, but
this uncertainty in the value of the
purchasing medsam will be made the
pretext for an advance 10 prices beyond
that justified by actual depreciation.
The words uttered in 1884 by Daniel
Webster. il the Senate of the United
States, are true to-day: 1.-THE very
man of all Others. who has the deepest
interest in sound currency, and who
suffers most by misokievous legislation
in money matters, is the mao who
earns his daily bread. by his daily toll.
The most distinguished advocate of BIZ
metallism discussing our silver coinage,
has lately written: mo American cit.
liens hand has yet felt the sensation of
cheapness, either in receiving or ex-
pending the silver-aet dollar.
| All those who live by labor or legiti-