Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1886-03-05
For the Shepherdstown Register.l
COMMUNICATED.

1878 and August l, 1883, would make
them worth "a. $50, 1899 more than they
are i'm our circulation.
"3. Consequently, that the lis, Oh 1888
standard dollars In the U. s. Treasury
OH the 9Th OF September, 1888. ii valued
mt the same ratio to gold as are the sill
yer i've franc pieces, to the extent Of
500, 1886 900, ia the Bank of France,
they would be worth 1922 500, 900.
~. That no less than s3S, 765, 900, or
1917 per cent. Of The cash reserve Of the
Bank of Netherlands is in legal-tender
silver money, held at IA valuation Of
more than three per cent. higher than
Is given to silver in our dollar of 4l2Ra
grains.
SIS. That the National Banks Of such
commercial nations as France and Ger
many, Holland and Belgium, Italy and
Austria, Spain and Russia, on the 18th
of August. 1888, held, at the least, $780,
OOO, 900 in silver coined at valuation Of
more than three per cent. greater than
is given in our dollar OF 4l2R grains,
which the Erening Post seeks to gull it's
readers into believing to be intrinsically
worth but aboat 81 cents and frsction,
simply because that weight of silver
bullion, to limited amount, may be
bought on occasion in London ut about
that value.
&c. That the very silver bullion re-
ferred to AS being sold in London at 503s
pence per ounce is chiefly bought Tor
expectation co British India, where ii
is at once coined into rupees in the Brit
ish minis, at valuation according to
which the silver in our standard silver
dol.a. would be worth fraction above
l03 cents.
~. That OF the silver imported and
solo in London for the seven months of
this year ended July 3lSt to the reputed
value of s25, 957 900 and there sold at
about the average Of oO1a pence the
ounce, no less than $l7,6i5,OO was ex-
ported 10 British India and there coined
into rupees at valuation, which, il
given to our 4l2H grains Of standard
silver i'm our dollar, would make them
worth lO3, instead of 81 cents and
fraction as the Evening Post is disingen-
uously endeavOring TO make its readers
believe to be the intrinsic worth Of 4l2R
grains Of standard silver.
90. That during the time our minis
have been coming standard silver dol
lars, with the aggregate legal.tender
value Of Sl52 ,020, S99-the British Impe-
rial mints of India have coined silver
to the value in their currency of fully
1920, 00O, 900, at which valuation of 4l21na
grains of standard silver is made worth
some " hat more than l03 cents In our
currency.
"Finally: That the consumption of
silver in the arts and in coinage have
exceeded the productions of the mines
during the last FIVE years, in the aggre-
gate more than $500, 900, 900.
"Wilh all It's lofty atfectation of speak
ing aut.Ioritatively, comprehensively
and candidly of monetary AMI economic
questions, the Erening Post has not
made its readers acquainted with any
one of these important monetary facts"
| All the foregoing facts, with other
tabulated statements we propose to make
to the readers of the REGISTER, are based
upon the authority Of such men as MIR.
Burchard, the Director Of the Minis of
the United States, and upon the report
submitted by Mr.. B. F. Pixotto, our
Consul at Lyons, to the State Depart
ment, CHASED upon the authority of DIR.
Soetbeer," and also upon that of the
american Register, the Miner s journal,
aud the Niner Record And all the
tables Of those eminent statisticians
hearly accord with each other in pre-
senting these facts TO their respective
Departments, aud they must clearly
|
NAN not manifestly blinded by preju-
dice, that England, as well as other
commercial nations have already profit
ell largely by the depreciation of our
silver bullion, brought about by the
reckless croakers for single metallic or
gold standard. For, if In the transact
ton of one single year, or from Jan
uary LIST to July 3lst, 1888 am. r. page
1857, she bought in her markets $25, 95S, =
600 and imported TO British India Sl7,-
645, 900 of it, and there coined it into ru :
PEGS at a value which if given TO our
standard silver dollar of 4l21s grains
would make them worth l03 cents, "
she clearly made net profit by the
transaction of 1928. $50. And il, since
March LIST, 1878, the United States gov
ernment, up 10 August 3l-t, 1888, coined
152, 020, 500 of our silver dollars of 4l2122
! grains, nine-tenths fine, the British I'M
perial mints of India have coined over
1920, 000, 900 of silver, giving to it a
value in their coin of fraction over l03
to every 4l21a grains Of silver in our
coin, their profits would be Sc, 500, 900.
Can anything under the sun be more
preposterOus, more absurd, or more dis
couraging to the people of a country
than to see its wealth squandered and
wasted in this way by the lame finan-
cial policy Of the government, warped
to the interest of u very few individuals,
in comparison to the great number Of
our fifty.six million toiling and indus
trious people? This is financial science
with vengeance, and ought TO put to
the blush every intelligent American
who has the good of his country at heart