The Wilmingtonian., 1886-01-23
The Silver Dollar.

The Silver Dollar.
The New York Herald has, for the last ten
days been sandwiching between its front
page editorials the following stgtements in
italics -''the continuance of the aolnage Of
Bland dollars worth 1896 cents means gold
above par, aud consequent loss to that extent
to all holders of deposits iu saving banks
and trust companies (which is all very
we'll in its way, perhaps; but at the same
time were this untrue dollar demonetized
gold would go up still farther above par, up
and mount up as much farther beyond par,
as the rascally tricksters of the single gold
standard can by their conspiracy push it. Is
it possible that there is so little common
sense, Of that the average citizen can become
so blinded to his own interests as not to
comprehend that single standard of either
of the precious metals, gold and silver, would
tend to appreciate one and depreciate the
other, according to whichever was made the
| standard by law. If gold be male the sim
gle standard, and the Herald's agic be worth
a pinch of salt then business throughout
| the country will be damaged and the same
logic applies to siver What we aeed is both
currences gold and silver, one ta restrain the
other And this is right, proper and consti-
tutional, it is the immemorial law of the land
too. With this dual standard, il legally
carried out with an honest silver dollar, say
as near the market value of silver as the U.
| s. Treasury can arrive, then neither can the
capitalists speculate in hoardir ( gold, nor
will the average citizen be afraid to accept
the silver coin. AS it is now tie fraudulent
dollar puts an apparently strong argument
in the mouths of the gold men Or the total
demonetizat!on of silver, The people are
willing to listen, because as faisas the aver
age man takes note Of things b sees in this
suggestion Of the gold men ong the death
of the Bland dollar. That tbl Bland dollar
. ,i!t hc aec1isNsf s - 'se'.=.
that silver be demonetized. Tie gold men
do not really care for the death of the Bland
dollar so much as for the total extinction Of
silver currency, for in that is she hope OF
their gains by the rise of gold which they
are now boarding by millions il, readiness fcl
the speculation. lid going up means deal
money, the stoppage Of all enterprise, wide
spread bankruptcy, the tightening of mort
is too apparent to dissimulate. Those who
incur bebt Of 500 to-day when gold il
at par, or thereabouts, will have to pay, By
aud by, when gold becomes the single stand
ard and rises 25 per cent above par, 2
per cent more than they borrowed, or s12, 50
when their draft falls due Money then vii
be SO dear that it cannot be borrowed 70
ordinary or extraordinary business purposes
all enterprise must necessarily stop for th
same reason.
:, This Argument applies to single mont
tary standard. What the people need is
double standard, an honest one, both silve
!, and gold currency, one counteracting til
other, which it will do If honesty allowed tt
aud in its own natural healthful way mair
tain an equilibrium But we are trouble
by certain men, of Wall street. capitalist
and others, silver miners of the West, WI
wish TO trick and speculate on their hoarC
:, gold and silver So the national currency
is disturbed. This all could be stopped
a law establishing an honest silver doll
and bi-lnetalic currency.
:. Senator Beck wisely says why will n,
- these pretended settlers Of our money trou
. les be satisfied with monetary legislation
:. which no one can speculate and no par
- lose.
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