New-York tribune., 1886-03-31
SILVER COINAGE.
WHAT ls THE INTEREST OF THIS COUNTRY7 7
ARGUMENTS OF THE SILVER HEH rRKSENIhD BIZ
MR.. DEXTER A. MAMMINS

MR.. DbXTERA. HAWKINS.
To me EdttOr or Tbe TrtbHhe.
SIR: Silver and gold have been money since
coInnerco br,n or AL organized peoples, oD.0OD000
svcr only unlimited lel nj tender; 2OO,oO0,OOo
both gold ard silver; only 100000,0O0 gold alone,
though these unable 70 carry on their indus
tros without largo amount Of silver as lin I'd leg"l
tende- with which in fact tho retail business s done.
aud this retail business in amonn IA necessarily a'ser
than tIi the domestic wnOlc-de business
France 6teI the ratio 1888 Al one pOmd o. oure
gold 10 fifteen hat pounds pme silver ara all
Europe hs' since substantially ihcrcd 90 that "a 10. Ia
1872 adopted thu ratio 10 Is. Finding that wrong,
in 1884 VIZ chaug'" TO to Ii, the r.t!o hero now
Gold WAS elporrd to pay foreign debs uuler the first
ratio; silver under The second
TIE MONETARY UNIT.
In 1892 Congress enacted that the silver dollar should
be the MONETARY unit aud valued ell other coin ~ these
dollars units" THIS silver doll r unit Ia, never
beau changed Inrucc ir tie amOInt ot puIe slver 1t
tur and remained tuo solo monetary unit until,
without Sleige OF the people OF the Pres
idrnt who signed the act 10 dcmonelizeI H. 1913
Those prepared tho Law evidently conscious OF
destroying solo monetary unit, aud or 'he nceS-ty
o cnao ing other Uuit 10 tahe hs place
Hence they inserted tle Act, Section T. tbh gold
DO lar .hall bc the unit ot value ad the coli dollar
np ihai tmo mone,ay unit eIutY wiz. the
,ilvcr dollar, the Secretary of the Treasury mistakenly
3ays there w0ald ugce been need ~ thp- "nacing;
when Cuu;rrs, DESTROYED unit, tue OtGcr would 'ro
remained. For the soot name OF tho cornr, t - well
that C0n.rr~. dl give tno character Oi monetary
uuit to the goa dollar. which varc hres ii G"- Ia ITS
quantity OF metal lrn; the f"1t i"rirhYc years
IT, theoretical erl-teucs AetuI eVstonco 10 hal
none til l5l9 From 1193 to l-3i II sIppo.ed 10
contain 81. y grains pIrs god; ir3m 1884 81 1887,
% 20 gr.Ias; and from 1897 to 1919 O. D. grains.
rhe gold iolIar, with - - gains Wa hrst coined in
$40. and las continue' % that .ght -nce.
FGuCTUAIGnNs ~ SUPPLY OF GOLD
Gold Is unsiitcl for she uait OF vtiue brrau'c tho
quantity produced varlc, wiclr FcJn 1870 10 l-I',
tho weigh; god prodlcoI Ia the world ron > 10
per ~ 80 weight ~ 2"i ant Vcr .o-"'h'r hnt
from I-jO to 100 1t WAS - per cent. .aHi IRON lo1 10
l-" It Q p"r cent. Tle proil'tI'n of silver Is
mach moro 4tea Is. From 800 20 l@'o the worlds
output oi silver vIS only doube t'o annual Hru from
$50 bGt from 1890 % t-7) annual output
of r,ll uor- man yixtrsn tim'- tho output from
ISIotI@lJ. MAklpc gold. 50 variable IA supply, tho
nmt value poses hu,uoss - rinou> nbatt'h' aud
c'utr.rtinns; increase, the eIoment OF chance and
gambling IN com Iorcc; and In the on- ru'. In
Iu-nld make, the pOot poorer and the rlch richer.
IN torty ycsr, this couutr, and AUst-l have Id'd
u the or,i stock -t4JS30 pounds weight av"rlup"s
81 .o more than per the worr- prod iction
tnr ,he l,st ioIr huudrei ye,rs The Unl'si state,
,ops produced Ia those forty years Sl.7iooOD0bD aud
nny s7I0OO0.J)) oi silver. or 50 yer cent ~ much.
PROPOSAL TO DENoNEIIL GOLD.
fT.u the wnrl boon mpuouetAlic HItt sDl alone As
ihc monetary no: b.ioro 500 the sdIau aud enormous
rr pply ol god iitor tl't 10 W. li have
4rou.ht disaster 70 she whole ere or lutsre-t. Ev-
.rptIns ENGLAND II Ha- fortunately bmet ll;ic Yot
the !nniN ~ solt so 'rXntcnri creditor Interests IN
Euro,c tuYt they he.sn It's icmonet zIu'n. Holland.
i-ginin auh Portu ~ demoactz.i - ~ their goil
ninA.c ceased rolu; Russia pcullJ 'u cGpur5 %
.iycr Bu France inet'Si 90 ylc.i "a - tho panic
.ppon nte 4 ~ luq Jiry. In $50 " L'tin
Union WAS formed si comprise FcInca. B'citn,
switzerland. ttl,y anl Greece. THis having poplla
t.on ~ o~rr 10000 900 commercial prppr ia the ne,rt
" Europe ace - wheel governor % tho
European pncttry machine.
-IpCk - gold AND siINIE.
In 1910, experts estimate the wp,l' - silver in n's
money ~As tDrty hvc tho wei-ht ~ soIh The
,'est c-tiu,a, maze tho oi moucy n the
world. gold <}5I3OlOO"O. SILVER $500. ."oo.OuO or
O. per- cent 1oli aud - rri cent silver. with even
u.'rbIttou e,ch country woul h.vea no .rlr oldd
,upu; fnc two ueiJs Elt suoo Germany H.tr' ptoI
deinouo'I,o silver ba. come 20 pas tt; IN thN
cuuntrles n-u. h"tl to pcr.raut,e ~ G,d moaoy il
creator and the percentage ~ silver m0ney io~or than
the sScrlcr. q. follows: