The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-09-20
COMPROMISE ON THE SILVER
QUESTION NECESSARY.

also killed. From this long practice
and the well nigh absolute power of n
committee In tho special line of busl-
ness submitted to II, the committee on
coinage, weights and measures will
become one OF the most important
and most closely watched commit
tses of tho House next winter.
MR.. CARLISLE is O Southern men
and in sympathy with the West and
South on economic, commercial and
financial questions, and 1t is safe to
assume that tho committee on co!n-
age will be ,nado up with
tho sentiment of the South
aud West en- the silver question pre-
dominating. But Mr.. CAPIIsLE is not
au extremist, as many suppose. He
Is extremely rational and cautious, and
Will not DO likaly TO place e-trome
silver men on the committee. He Will,
in such an emergency as il now upon
us, In most likelihood, rather lean .
compromise between the Eastern men,
the administration and The straight
out Bland dollar men, and franc tho
committee accordingly.
IN this Mn. CARLISLE viii 10 wissa ard
polit:o. There gro unques,ionably w.
very plausible sidos TO this mu ~
talked of silver question, as the anti
silver mon coatend 1t is unjust to the
people to forcs upon thems certain
sum per month greatly alleged sill
yer dollar, and demand OF them 10
accept 1t ~ 100 cents pul9 money,
The creditor class paid in Aucd
money Instead of in gold a-e
logars 70 the extent of the debasing Of
tho coin. Thon, again, such coin, mob
being acceptable to foreigners In the
channels Of commerce and exchange,
must remain in tho country for our
own people, whilo gold, apurermonoy,
goes abroad. A government should
not force It's people TO put up with q
worae money than il pays out to
strangers. A debssed or deprecla cd
currency does iDeyltsoiy drive puror
money, in the way Of exchange, out
OF tho coucsIy. IL is no answer 10 say
that eiuce tho RECOMMENDATION Of silver
gold has Increased In volume in tdis
country. That, perhaps, 10 fact, but
arises from the fortunate circumstance
that the balance OF trade and ex.
changes has boon in our favor largely
year after year. But lot tho balance
turn and a debssad silver 10 ia cirou-
latlon he-e, tho gold VIII rush from
US ard the balance contiu-
ulug against as the country will be
drained Of ita gold and nothing DO left
to meet exchanges, or supply tho treas
ufy gold reserve. Thrown back upon
o dishonest silver dollar that VIII not
circulate aDywhore except at ~ gioa.
discount, arrangement of pr;ces and
contracts must ensue and possibly dis
aster.
But th0n tho debtor class ought not
to be made pay in gold ut premium
and thus be compelled 10 give one dol
lar and half or moro for ono dollar.
Fixed Incomes ought not by q single
standard @. monoy be increased in
value, tho bondholder DO paid excea.
slve premiums by paying him in u
scarce and costly currency, and the
masses be deprived OF q familiar and
easily Obtained circulating medium.
IN word, & single standard, wheth.
or 1t DO gold or silver, cannot but work
gross injustice to largo classes
aud produce an undesirable oondi
ton Of a.laira resulting, possibly, in q
disastrous panic.
But to maintain - double standard
fav0rltism in legislation cannot be
shown. Government must simply
rut Its s.amp upon both metals, aud
let tAem slaiptain themselves Nv tho
material laws Of trade. lfthen gold bo-
comestoo plentifnl, itsprics goes down,
aud is goes abroad where itcan got q
premium until tho market here Ia re.
GoYed. iftoo scarce, 1t brings n pte
MUM, aud hence comes In from abroad
where tho supply Is greater than the
demand. SO with silver. Both ar
money and both find field OF opera.
tons ut home and abroad, bnt to d.
so must TO pure pnd not a'nmps to
pass for more than they sre so,aally
worth. For instance the, government
stamp says "this 10 q silvo. dCller.'
For tho honor OF tho government then
that must DO adollir, not - or s.
cents worth ofsilver. 81 with gold.
Then again, to say iha. so mucl
gold or 30 much silver sasll DO bought
Nv tho government aud colneC
monthly, is maniiostly favorltism and
euess-work. Tho volume OF currency
needed st any one time In not subjeo
10 matthew stlcal calculation. Les tho
products Of tho mines DO coined by
the government for tho owpors of the
bullion ut slight cost, and amply
certify by its stamp that tho pioco Il
ec,uelly leo, or so, or %, or 10 cent?, a
tho Case may DO. The government
now falsely asserts that tho Blanc
dollar In adollar, when really II Is only
81 cents, certaiuly n fraud upon thu
public.
These AFRO some OF tho questions thai
must be settled by tho national Leigh
laiure next wintor, aud it can os QUO
DO seen how difficult is tho task. IN.
questionably two things, Il seams &,
Us, ohould DO done, 'snd IL "a TO the bos
interest OF ailver that they should b,
done; First, tho dollar ought TO DO
pure dollar, only alleged to the oxton
nc cpssary for Coinn,v and statnn 40