Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1886-09-10
THE SILVER ISSUE.
SENATOR STEW RV'S WE'VE;
CYOS THE ALT-AESORE-
ING 1C":s'
s1e FavCrS Free ard Unlimited
Coinage OF the Silver Dollar.

HC main iosuC dt StInC III" IL
Nevada is the question CT main
tanning silver coinage and keeping
the metal up 20 point where III,
silver industry in this State can bt
made remuneratiye. The follow
ing is the full text Of Senator
Stewart 5 interview in the Virgins
Enterprise, aud although some
what lengthy, should tic carefully
read by every intelligent man in
, Carsc::
Our reporter having become
muddlcd and confused by the dis
cussions On the streets with regard
az TO Eow silver could be restored
to par, called on the Hon. William
NJ. Stewart aud told him that he
found many persons in Virginia
City who saw no way to remcnetiZe
silver but by international agree
ment, and asked him how he thought
this desirable chi"ct could be ac-
2omplished. Mr. Stewart said. b.
an Act of Congress. tina. the United
States alone could raise silver to
par by providing by law for the
free coinage of both gold and silver:
that silver has deprecated sim
ply because it has been excluded
from cvey mint in Europe and the
United States, that the reason that
silver had formerly been a money
metal was that it was received at
the minis of the c.xtfz1 world as
such; that if coEzexcluded from
theSu,iu;s as IF is now excluded
it woald cereeG,a.e IN value and
cease TO be a Money metal. II !
any ore of the grca. nations Ger. J
many. France, England or the Unit !
ed Sta;es-would adopt the free |
coinage cf silver and receive all !
of that metal offered for cx change |
for money at given rate, silver (
wouli be restored to par with gold
at the ratio established by such "a
lion. This isuot matterof theory.
We know that either Of these cOua.
tries could place silver at par by
the adoption of free coinage. !
France has demonstrated this fact
and placed it beyond controversy.
Henri Cernuechi. the great French
scientist states how France cstab-
iShed and maintained the ratio 49,
.wecn silver and gold at 15a to one
or near 100 years in pamphlet
published by him in 1888. in the
'olloMing language:
For then nearly century the
ounce Of gold had nowhere in the
vorld ever been worth more or less
han la2 ounces of silver. Why?
Because for nearly century in
he country best stocked with s,l-
'er and gold, namely, France, the
oinage of the two metals had been
rec, and free at the legal ratio Of {
59 to one between the weight Of {
he monetary unit in silver and
hat Of the same unit In gold.
french bimetalism had formerly {
cen at ID. 1t was in 1855 that {
rance, to put herself in harmony '
nth the laws of other countries, 9
assed from - to 1J!.
Everybody being at liberty to 9
ct the two metals coined In France S
the ratio of l54, in other words, Q
. get the kilogramme Of silver b
10 fine transformed into forty 0
We franc pieces goo francs), and n
he kilogramme of gold Of equal v
ncness into l55 twenty franc
ieces (3,lo0 francs), no producer, U
0 holder Of gold or silver either in $
Europe, in America or in Asia had
yer thought of parting either With
ne kilocramme Of silver or the .
of gold for smaller q
I'M. whether in francs Or in dol
RS, in pounds, in thalers, in Next i
m piastres or in rupees. q
Thanks to French bimetalism h
lcrc existed a parity Of value be-
veen defined weight Of gold and =
defined greater weight of silver. il
he monetary material Of the world q
as thus unified, SO unified indeed r
lat England and India did not .
zen perceive that their respective n
nllmited tender coins were Of y
Hferent metals. Opp. IL and l4) Il
It is a remarkable fact that .
lille France maintained free coin 4