New-York tribune., 1886-02-21
THE FRIEND OF SILVER.
CHAIRMAN BLAND'S MINORITY REPORT.
UNLIMITED COINAGE THE LOGICAL SOLUTION OF
THE MONEY PROBLEM.

UNLIMITED COINAGE THE LOGICAL SOLUTION OF
THE MONEY PROBLEM.
w.su,xcroS. Feb. 2O.-Chairman Bland, of
no uouse Committee on Coinage, Weights and Meas
mos has prepared minority report on the bill to pro
,d ,or tho free coinage of silver which was reported
adversely from his committee and which Is
now on the House calendar. The report
,s signed by Messrs. Bland, lAnham'
and Bynum and declares that the volume OF me'aiHc
money is regulated by nature and that the duty OF tne
Legislature is establish ny law the ratio OF V"l"c luz
the coinage OF such money. 1--WE owe no dept IL sa!S,
THAT not legally and morally payable In silver, anu
even should go a single silver standard no h"rn
would come OF it,"
The report quotes from Mr.. CeInusoh's "Ihe Great
Metallic Powers which he says, referring to the Tree
coinage OF silver, very venturesome Wpuid oe 'noSo
who should recommend the United states OF Amerc" 10
undertake single-handed what France VIII uu"cl'""0
only triplehanded." and comments upon IL py reuS,
ing: "This pamphlet was evidently inspired Oy MI
Manton Marble, who was sent by the GoVerhhion' W
investigate the subject in European countries III 'he ~
terest of the gold monometalistS, as the pahPu'cV
seems to have reached every member of Congress Win
the compliments OF Mr. Marble The report expresses
tho beaf that European countries cannot furthef
demoneuze silver without great disaster 10 themselves
while the tendency ia toward restoration OF tha metal
The report goes on discuss the possibility OF silver
supply being discovered by which $6oO.00OOOO OF silver
would be dumped down upon the United States ana It's
Furopean countries and concludes that such an occur
renee would be a great relief to both hemispheres.
should the silver certificate displace the bank noe' so
be 1t. ~ - , t,, 4, 4, nocos
81 silver and silver certificates the place of Ma
tional bonds aud bank notes. We Will mus substitute
good money for bad and rid ourselves Oh an inoeto
bearing debt-a debt over which all this controversy
arises dent the manipulation Of which has cost us
half billion OF dollars 1t is at the bottom of al our
financial tricks and monetary leseraessh, tndInr
OF corrupt legislation and downrlght S ,h
With this debt and the banks on top OIL H. ouV oI he
way the money of the Constitution VIII return W oS'
II the mnts OF the country open TO silver the
same as to gold silver would not be, as II Is uow subject
TO tho adverse whims OF the Treasury ocias WHO mere
tofore have tried to keep 1t out OF clrculauoh'
The report then proceeds discussion OF the propo
sition made by bmeast to coin siluer at Its bu
lion value and holds that Justice to the debtor
class that the Government should by its laws first de-
precate silver then take advantage ofs own wrong
nv coming 1t at the this depreciation In con-
ouson the report says:
The most important function OF money In modern
trade and commerce is slegaender power god only
is then debtors must depend upon this one
metal to pay debts All the silver and other products
of ChrstendOD. except gold would not pay dollar OF
debt unless could be exchanged for god Should
the world come the gold the sole legaltender
that metal might become valuable, as compared with
other commodities, and scorce In proportion to the
enormous demands made upon It, that the money barons
OF TINS other countries controlling rev hunoreu
millions gold might control the destlnes OF nations
and absolutely dominate the welfare OF mankind Be
levng the unlimited coinage OF silver Is the log.
cal solution Of the silver question, and since gold and
silver have been the constitutional money IN
tended for the use of United States In adjusting their
erateuder laws and for other reasons herein stated
and that might be urged for restoring silver 10
1873 we recommend the passage OF House bill No. $500
which aims at that result