The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1886-12-11
TINE sILyER CoINAGE.

public good
THE SILVER COINAGE.
During the fiscal year ended June 30, 1856
there was coined, under the compulsory silycI
."lnaEe aCt ol lSIS, 2oS'sHN5 silver dollars, aLt
the cost Of the silver used in such coinage va
S23,+is,9G0.Ol. There had been cOined Up to IN,
close OF thg previous fiscal year, under the pro
on the LIST dry of December, 1885 the tota
aaonnt Of such coinage was S2li ,I3l 80.
The Director of the Mint reports that at tho
i,lne OF tne PASSAGE oi The law OF 1873 directing
his coinage the intrinsic value Of the dollais
thus coined was uurty-iCur ami onc-fOur!h cent,
each, and Thai ON the 5l,t day Of July lSSG Tie
price of silver reached the lowest Stare ,yr,
known, so that the intrinsic or bullion price %
our standard silver collar at that date Was les,
lhan SCyoniy-two cents. The price Of silver oI
me @utn day OF November last WIS such us tt
make these dollars ltrlnsically worth seventy
eight cents each.
These differences in value of tho coins rcpre
sent the fluctuations in the price Of silver m,
they certainly do not Indicate thut comuiisor,
coinage hy HE government enhances the prict
i that commodity or secures uniformity In it,
Every fair and legal effort has been made h,
the Treasury Department TO distribute This cul;
ichCy among The people. The withdrawal o
United states Treasury notes OF small dcuouiua
tious and the issuing Of small silver ccrtiGunic,
have been TcSOrled to IN the eudtayCr to accom-
nlsh this rrsht IN obedience to the will and sen
llucllS ot the representatives of the upoIlr In
congress. ON the 25th day OF November iSeG
the people held OF these coins, or certificate,
reprcScnilng them, the nominal sum Of ,s73,
OIL, and we S,ill had S1g4c4.3l5 i'm the Treasury
as against about Sl42,Sgl.Na5 so in tl!e hands 1i
uIe people, and SI2SSj,316 remaining In thu
Treasury one year ago. The Director Of t,o
MINI again ulgtS tie necessity of more vault
room for the purpose Of storing these silver dol,
H'rS winch are not needed for circulation by the
people
1 have seen no reason to change the Views cv
pressed IN my last annual message on The ,ul-
lccl oi this compulsory coinage, aud again urrp
Us Suspension on all the grounds contained I'm
FfNaUH l Hon
significant increase of our gold expectations dir-
lng lhe last year, rs appears by The comparative
Lttsmrnt herewith presented, and for the
further reasons that the mere this currency is
distributed among the pcoue the greater be-
comes ON duty to protect il from disaster; that
we now have abundance for all our needs. and
HAT there seems but little prOpr!cty in building
vaults To store such currency whrn thc only urc-
lence for its coinage is The Necessity Of its Use by
The people rs q circulating medium.
tAPIrAL.ASD LABOR.
The relations of labor to capital and Of laboring
men 10 their employers are OF the utmost con,
cern to every patriotic citizen. When these are
SirailEu 81 4Gd distorted uniustilahle claims are
the controversy Which results the welfare of MI
ana the prosperity NJ the country are icOpardled.
Any Intervention of the General GoyrIument'
within the limits of its constitutional authority to
corded. 0'' w
In special message transmitted to fine Con.
greSS al It's last session suggested the rularre-
mcnt OF our labor RUrcau and adding 10 M utIs-
eit luhCilnuS The power Of arbitration IN casrs
where diltrgucts arise hvtWeCW employer and
employed When tn 81 differences reach sucL n
stage as tn result In the iuterrIuu Of cnIulr,crS
between the states, the application OF this rem
edy by The General Government might be rr-
gardCd as entirely within lis ConstitutlOnni po,y
erS; Aud thiuk we might reasonably hone tbnt
such arhitraurs, II carefully selected and # en-.
ttled To- the confidence of the parties to he affect
rd, would he voluntarily called To the cttlrmrnt
ot controversies Oi less extent and not necessarily
within the dOmuin Of Federal regulation. mn
ot the opinion that this suggestion is worthy the
ulclitlun oi TIE Congress.
But after AL has been done by the passage of
laws either Federal or state to relieve situation
iul az Snllctude, much more remains 10 be nc
coupliShtd hy the reinstatement and cultivation
ut a tIur American sentiment which recni1ii1es
the equality OF American CitiIenShip Il,is in
the liglt OF our traditions and In LOYALTY 10 ihc
spirit ol our Institutions, would teach that a
heally cooperation ON the part of an interests is
lhe surcsi path 10 national greatness and the
happiness of all our people that capital sholid
M rtco nlliun Of the brotherhood of oar ctiZrn,
ship and IN spirit Of American fairness rsnrr-
ousll accord 10 labor is just compensation ana
consideration, and that cOUfeudpd labor Is can't
lal s best protection and faithful ally Il would
tcach too, tl0t the diverse situations OF oar ppn-
pie are lnseparlhle uonl our civilization That
cStry citizen should, m his sphere. be- "a roIttri-
Ia a. "a a