Weekly Chillicothe crisis., 1885-07-02
Reported Compromise Between Silver
and Anti-Silver Democrats.


Ohio, has submitted the following as a
basis of compromise Of the silver ques-
ton, and that S. j. Tildcn and Sccre-
rary Manning have approved it:
/. 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
rs the market value at the time OF de-
post.
,. Such certificates to be made legal
tender for all purposes except the tram
sactions between parties.
8. They shall be rcdeemablc in law
full money or at the option Of the Gov
ernmcnt in silver bullion at its market
price ut the time of redemption. When
received in the Treasury for dues 10 the
Government or redeemed in lawful
money they shall be held and paid ont
again as other currency, but when re-
deemed to silver bullion TO BE- Cancelled
and destroyed.
4. The coinage Of silver to be sus-
pended uh'll required again TO meet an
S,"" ,So on,' "a',",,f Nv m. 'n nI,;n ,i ,ra oo-ig
cafes reprcscntin5. tho bulliop shall he
cancelled and destroyed.
5 Fractional silver, or, at least, the
hail-dollar pieces to BE- made iulI
Ton7.; MUIt "' "'t , ~" ,''',i,, "" i' M H.;
continued
& Withdraw th, onn. and tyo.d,ll,r
legal tender notes without reducing the
total volume OF grecno1cEs; also, the
HNc-Io,i"r oNhN MUS n"I'I on Iu' S',
lar ''''''' "
: Rrlccm ond coin ,bo trodo do,
lar into standard dollars or fractiona
coin.
We are slow to believe that Gen
Warner would conccdc so much, an,
require so little concession ON the par
of the anti-silycr mon. We cannot Sc.
in the seven propositiuns any conccs
sions by the anti-Silycr men, except il
the seventh, which provides for con
ycrtinp the trade dollar into stapdar
silver dollars, which. while it would b
u good thing for the speculators win
now hold the trade dollars. would in
crease the money volume TO thc cytru
of one dollar and nearly two cents +
every trade d,llar in eyi,lep,e. Tbi
increase in the volume of money would
of coursc. he a concession ON the pal
of the apti-sllyer men.
On the other hand. the silver memo
in other words the masses Of the ne,
pie conceda very much. They conscr
TO the SUSPENSION Of silver coinar,
They give up the convenient one IN
two dollar orccnbocks, They lose III
cost of increasing fine wrirht or fra,
tional silver coins. They give up iii
assurance of at least two million do
lars month addition to fine monevy va
ume and ret no assurance of any add
ton whatever, except the CONVERTING
the trade dollars inf to standard dollar
1t is true the COMPROMISE provides f,
dcpositinr SILVER bullion and i.suip
certificates for its market value. but II
one is compcllcd to make sucb depo.i
neither is there much. If any. iudur
mont for such deposit. as the rover,
ment is TO rive only the market ynIu
and the bullion owner would prrra,
find it more convenient to sell to otn,
purchasers than than to take his bulIi,
to the treasury and dcposit il.
Another objection to the comprom,
is that it would place before the spec
lators a greattemptation to yet up cor
ers on silver bullion. For instance
could be seen that 4 number of wcaltl
men could buy up the bullion in II
countrv and hold ,tsI oo,,nrnuro
thus making that the market pric
Then they could take say half of it
the treasury and ret certificates callir
~" 10 i''u9 "'''"'' ~ V,lc p"'''o'l co'I
u AZ 'i'-o per ounce MS ooIhS u