Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1886-03-18

IN fra nsnort n m The Orient and nuychaae
a. 49, 49, 80.
theH Wpedt hpd cottoh rum tnose SILVER
nations that much less, which
would necessarily nrocure a lower level
- 80, g.. AZ &c $500. 4; ,h;. .a,,,.,,
vi OFFICES iot 'nose staples IN 'bis country
This Is too plain Tor argument. The mon
ometalliste. however. meet us with the
.-.-..,,;,. - .,k,.;, "a. .,:. g. a.
P,oPoshion W SUNNI ,his ques,ioh W sue
40 1uktment OF an International congress,
wherein we should agree TO use the double
az rd unon a f,yed ratio Tbis would
s'a"uaiu oP." hAeu ia,u. ihi9 "oui"
be delightful psnacea If 1t was only &C.
complished IL Is doubtful whether such
n reeul, will ev.r IA. reached Indaed q,
Is malntaiheu Dy eminent authority tnat
such theory Is based uDoD a niscOncep
,ion az the causes tho, onp,,,h,,. 10 mata
y, W 80 :, '""t W 'N"
the TWO Delals the WoIlu ; money.
Mr.. Hill, WHO has given this subject
attention has sail lateIv in an address
:, Iti . DiI So
ueiiVereu Ut TfoNuence lhat-
This doctrIn. seems 4, bs,a ho., ,,i,,i,.IIv ,b,.
inls W. ii"e mi '" uN,e u'eh vi itnals lno
.,L.,, r., pa-ts ,i,'a ,as a. aisi -, y, 80
4,,nn,ry in ts.- o. III ,,, " a. y, ~ ~ c,,,,
J,I .ii.I ~. w.. , Will =. r., 4,
nn,,lj M. an ~, 20 III, H. LII ..a.I,i,,'. on
Moula r Nv ah o., -, Nn.I he ealra auu ny on
coinage without first arranging The terms of an ac.
cord WIN The EUROPEAN bowers upon The none,
than dozen ears old and aSussTs n;,y" ' /" an
extraordinary des.ee when It J. remembered that
both gold and silver have been regarded and treated
and havs ssisfartnrly rrrfrm.d M. msre wi Nh
ont single example In history Of te incarnation
a. regulation ni the subject. The Latin Union,
I.iinn ~ /, IL sns, J aa " ie
counties composing il wpr. contiguous ana act.
Ing upon th" double standard, and at the common
,stp ! NJ m I, f, my , ehiIa in.o ~
facilitate the in;crrbanseabl, us OF their respect
i've coins,
ne ne aona " srI n u, y h' %hy f 1 s
of years, bgt As based upon an entire
misconcepiion Of both the nature and causes OF
,nG , isG ~, .nes uT TWO precious metals, soenss
pys. When Daniel Webster said. dfty wears AGO,
that gold and silver were money in this country
'e i INV oi .he iaha anu MONEY spt9sa ny ,e
any such imp"lsible thin a. lerislstion for The
world, or that there were International treaties
npnn the Tnhyrt, which although not an inposs,i
81 lie meant merely tint r"nflsn,e in the yaIne
and sieadiness Of those metals had always existed
and was so universal that they were eLerywhers
hal Fpnni Rurp rsi,,S sn Ina r.saJ
Il"
In 1902. when the fathers of the Repub.
lie established free and unlimited coinspe
lar the unit of valne no co.onact with
septiaI For ti,bty.one wears The free and
unlimited coinage of gold and silver was
sanctioned by law. Ills true thai IN. sal me
incentive did not exis, then as now for this
new expedient. Al that time we had no
debt TO speak of. Now our booded debts
are fabulous. and The few who hold Them
purpose 10 shane and direct lepisla,ion 50
as TO double the price of their nronerty
cannot reconcile The theory Of these
gentlemen who insist upon the susnension
of silver coinage with the fact I mentioned
in the outset that we are a silver. producjng
and furnish about As per cent. of
all the silver that ia PRODUCED in the world.
Ii would be easier of COMPREHENSION il the
MAJ r.ya,a.d on, NO "a Gro IN.
;a ~ auu V" VIZ
Puichaseis inseau VI the Pfouucers. IL
such were the condition, there might be
some nlausihility in II In needs mn "A. mo,
s,-.,, = a., - -. 5.,-.,.
STRATUM W prove tnat INSTRUCTION Vi one
OF the standards OF values will increase the
yalue of the other In other words that
IL the coinage of silver is SUSPENDED the
currency of the country would contract TO
that extent ard in the same proportion the
value of gold would he increased.
In addition 10 this increased value add
10 the value of the coined gold 25 per cent,
made manifest and certain by stopping the
production of silver chemically combined
with gold, and undertake 10 say that YOU
have increased the purchasing power of
gold nearly 80 per cent. and this leads us
10 a yery pertinent inquiry: Where IL the
gold of this country. and who would be
directly benefited by such legislationY
There are 1862. DOC. 900 in gold COIN in the
nited States and of this sum Il Is esti.
mated that national banks own $3.50 OOO..
OCO: and SO we see the patriotic national
bankers. assembled in Chicago in Septem.
Der last, volunteering the following resolu
ton:
R,.Jr,d Thatit Is the sense Of the convention
that the coinage Of the silver dollars under the
compulsory law OF ~ L. detrimental to The best
faye ~ the t"yarn,psnt t and Inn the law sbo"d
be Immediately suspended and remain imperative
until an international agreement OF The leading
sn@e a. 10 The future F'Iati5u Of gold snd atsr y.
money.
To such source are the American peo.
ple invited 10 turn for dislnterested advice
upon which 10 base and formulate the
financial noliey of This country No sd.
yocate of The present law or of unlimited
coinage asks auy advantage of silver over
gold: but they insist that nothing less than
an equal chance 10 attain that perfect
roualily against which there Is no copsti.
IniionaI Inhibition will ever meet with the
or approval of the people
Among The things demanded here and