Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1886-09-10

so that the price of neither meta
as compared with the other coul
be varied by the action of sue!
vast commercial powers as Grea
Britain, Germany and Austria
| why may not the United States d
the same? No country in TIL
world exceeds the United States il
wealth or natural resources, and n,
country in the world has 60,000,0 0t
Of people equally as enterprising
wealthy and powerful as those O.
the United States. But we arc
told tina. If TIE Uaited State:
should pass law for free coinage
and receive all silver offered, tho
| country would be flooded with sill
| yer and cur financial credit de.
s;-oyed. This assertion is made
without due reflection. 1t must be
admitted that if flood of silver is
poured into our minis it must come
from some source of supply.
PRODUCT CT THE MINES AND EUL.
LION on HAND.
1t cannot come from the mines,
for last year the whole silver pro,
duct:on Of the world did not ex-
coed the exports to Asia, added to
the $24,0G0,G0U coined in the
United States. The surplus silver
bullion on hand amounts to com
paratiyely nothing, for silver has
been declining in price for several
years, and it has been the policy OF
the producer and also the middle
man to dispose OF it as quickly as
possible to avoid the loss constant
ly resulting from the falling price.
Nobody in Europe or America
holds silver as an Investment, but
every body sells it without delay.
EUROPEAN SILVER.
Ithas been suggested that there is a
large quantity Of silver coin IN Eu-
rope, which would be shipped to
this country if the United States
should establish free coinage
The danger Of ever supply from
.hat quarter is purely imaginary. |
The entire amount of silver coin in |
Europe is only Sl,3l9 ,055 Jos. OF !
his amount $3i9 ,29G&G5 is debased |
subsidiary coin, which. If imported |
nto this country would ret sell !
or lis value in Europe, because
here would, beno use for it here as
noney/ :he loss Of melting 1t
nd reducing it to our standard {
YOU'D DC immense. 1t would be as
.Nsari to ship tothc United States |
his subsidiary token silver money
5 1T would be to ship our nickel
DIN To Europe. DeduriiBg this
cola from the gross
mount Of silver coin in Europe we
ave 1868. 100 900 of silver coin.
'hich is full legal tender in the
where it IS used at the ra
10 Of lJa ounces of silver to one
uncc of gold. The Spectator
ho would buy this legal tender sill
er in Europe must give an ounce
gold for 15i ounces Of this mon
Y silver. If he we're to import it
ito the United States and take it
, our minis, when free coinage is
established here at the ratio Of is
lnces of silver for one of gold, he
ould be required to add to the 154 ,,
lnces Of silver. which cost him in
urope an ounce of gold, one half :.
lnce of silver to bring it up to our
before he could obtain the
lnce of gold originally invested
, him in the purchase of 49,
Inces of silver in Europe. 1t is
anifested that the United States
i'll never be flooded by the i'm
ortation of the legaltender silver
oney of Europe.
LIVER REQUIRED FOR THE Use OF I
THE UNITED STATES. !
More than $50O,OU0,U0O Of silver {
lin or silver certificates will be re-
aired faster than it can be obtain
for use as circulating medium
the United States. The $780,
'0,0C0 in national bank currency.
ased upon United States bonds
i'll soon be retired as the bonds
e paid under existing laws, and {
5 place must be supplied by silver {
p.par rnopov Of como l;J III |