Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1886-01-11
SILVER

Secretary Manning, seeing how
hopeless it is to expect any absolute
suspension of the silver coinage, is
reported as intending to ask Con-
gress to limit the coinage to $780,
900, 900, upon which to base the sys-
TEN of silver certificates and to with
draw from circulation all notes of
less than S. and issue silver certif-
Gates in their stead. He will formu-
late his ideas and give them to the
senate finance committee when he
appears before it. The session will
be secret but his statement will prob
ably be printed for public use.-Tele-
graph.
1t is disagreeable fact that the
moneyed kings, many of them in con-
gress, are so entrenched in power
and so selfish in purpose that they
are willing to invite and produce
financial disaster, by continuing the
coming of the light weight silver
dollar. This "cart Wheel currency
has increased altogether beyond the
natural use for it, until immense ex-
ira vaults have had to be constructed
for storing it and tons and tons of
it are stored as commodity. When
it is understood that the so-called
silver dollar contains only 80 cents,
intrinsic value, and that that value is
constantly in the decline, it is q
perilous enterprise to attempt much
longer to float it.
The president, thanks to his cour-
age and good sense, took strongest
grounds against the further coinage
of silver and gave unanswerable AT.
guments why the further coinage
should cease. Every pretended al
gument in favor of more silver money
is lame, selfish and dishonest one
but men who have stock in siivel
mines and are interested I'D all shan
currency schemes favor and will ia
vor the silver idea, till a great crash
shall come and the government anC
every other holder of silver dollars
as dolars-will be losers. The dis
aster resulting from break dowr
in silver cannot be measured by the
particular loss on the money held
but the effect of the disturbance will
be felt in business as we'll as finan
cial matters. This great government
cannot afford to hazard the expert
ment of flooding, OF even boarding
millions of dishonest currency
Eighty cents never honestly pays
dollar. The small amount of scar
Wheel currency that finds its wa,
into business is an Inconvenience
and burden to those doing even
small business. Give us the pape
dollar currency for use, with suffi
cient good currency locked up be
, hind it to make 1t ''good as gold,
OF if it is necessary let it be re
deemed in silver at the gold value o
this article. Gold, SO long as tn
world DEGREES it must be the standard
and it is as futile so long as tn
great moneyed nations of the cart
: make gold the standard, to attemp
to base steady values in silver, iron
nickle, lead or other commodities
The silver men in the American con
5 gress have power to fasten misfol
, tune upon their own country, bu
really have lutte power to effect th
) stable things that have to do wit
: the great financial principles tina
| govern the nations Of the earll
They may see this by and by. Lttl
e care they, however, for anythin
save their own selfish lnterests-po.
q sibly greatly effected by the potenc
/ of silver money stock that is put, lik
Cakes Ames' Credit Mobiler, "whel
it will do most good"