The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1886-01-29

"(2.) To tho introduction Of u gold
currency into Germany in place OF
the previous silver currency. This
operation commenced at the end Of
1871.
"(3.) To the decreased demand for
silver for export to India.
ut should be added, (4,) that the
Scandinavian Governments have alst
substituted gold for silver in their cur
rcncy.
"(5.) That the Latin Union, com.
prising France, Belgium, Switzerland,
Italy and Greece, have since 1874 lin.
tied the amount of silver to be coined in
the minis yearly of each member of the
union, snspending the privilege former.
ly accorded to all holders of silver
bullion, of claiming to have their bull.
ion turned into coin without ~restric.
ton.
500 That Holland has also passed q
temporary act restricting, except on ac-
count of the Government, the coinage
OF silver, and authorizing the coinage
Of gold.
at will be observed that two sets of
causes have been simultaneously in OPP
Grafton; the increased production of the
newly discovered mines, and the sur
plus silver thrown upon the market by
Germany, have affected the supply. At
the same time, the decreased amounts
required for India and the decreased
purchases of silver by the Latin Union
have effected the demand. A serious
fall in the price of silver was therefore
inevitable"
Thus the Committee of the House of
Commons very clear and compre-
hcnsive statement, and one generally
accepted. Mr.. Laughlin points cat,
however, some fundamental causes,
which lie below these more immediate
ones. First, the increased use of gold,
consequent upon its abundance from.
1870 to 1870; second, its convenient use
in the large transactions of commerce
of late years, giving rise to an enor-
nous demand for that one of the two
precious metals which has the greatest
value in the smallest bulk.
Now, says Prof. Laughlin, at this
precise time, when not a State in En-
rope dared open its mint to silver, 1.-The
United States stupidity came forward
and made an attempt to support the
value OF silver quite by itself. 1t is re-
corded that "a cory r,,,e,,r1,,. ,,l will
ing workman engaged with several 9TH
crs in raising Il huge stone to its place
by means OF ropes and pullcys, observ-
cd that others had let 90 their hold on
the ropes. and that the heavy mass WAS
beginning TO fall. Confident of his
strength, he, by himself, laid hold of
the rope and tried to sustain the weight
by his unaidcd power. The momentum
of the falling stone was more than he
could overcome; he was thrown up
ward, flung to the ground, and injured
for life. The action of the United
States was of u similar character. 1t
undertook TO do what all the world
without lis was not able to do-namclv,
to keep up the value of silver in the face
of the increased supply of gold. We
may break the fall of silver, but
We shall imperil ourselves. We
shall lose by buying millions OF n COM
modify which We must sell at Il great
sacrificed greater as we sell the
more. SO bold and daring an attempt,
so utterly unwa1ranted by any financial
wisdom, seems almost ineNplicable to
the student Of financial history"
Prof. Laughlin goes on to give the
facts of our silver legislation, tracing its
source 10 the ''grccnback craze" the I'M
reasoning desire for relicffrom the bus
mess depression o f1S73, especially in the
debtor West. and the shrewd tactics of
the owners of the silver bullion produc-
ed by om mines. The story is more re-
cent. and VIC will not follow him further.
That we arc o~vcrburdcned with silver,
and that the people want but a certain
small quantity of it, is too patent for
discussion. What amount we have on
hand we must, of course keep, having
bought it. and as to this, the prospect is
that our citizens will have to take SO
cents on the dollar. But as so ably set
forth in President Cleveland's message,
in the future it is absolutely necessary
in the interest Of every class of the
community that The compulsory coin
age of silver dollars directed by the law
passed in February. 1873" should be
suspended. That is the first thing. Re-
Election and discussion, it is to be hoped,
will bring Il s%ounter and safer basis of
legislation Observation-Disclosures SIN.
Tattooed Cheeks Fashionable.
The fashionable cdict has gone forth
that it is the proper thing to look
healthy and robust. The day of the
confirmed invalid, the delicate flower"
and all that sort of thing. is passed, and
now our bellies are striving to see who
can look the hardest. The daughter OF
a distinguished naval officer has been
one of the leaders OF the '.healthy
craze" and is now. for that matter.
Her plump, w~ell-rounded figure and
swinging gait can be secn on Pcnnsyl-
vania avenue nearly every afternoon,
rain or shine, and she has the ruddiest
pair of cheeks in Washington. She
looks the perfect picture of health, but
some of her sharp sisters have been
tracking up the secret of how her pale