The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-02-21
5II7EB COINAGE.
.,,,5., Minority Report on
BlanO the Bill
..g plIlsoAD Rate CUTTING.
.,,,. opera sueosss-strike
50 America canIdpt Agree-Watter-
E'd'a .oo~The EdltOF'-Etc'
HOUSE

- - Of the House committee on
ri VT weights and measures has
e'''; n 4 mipority report on the bill
sr'lls. W. rysnorted adversely from his
.' - a. and which is now on the
l1. islo1dar The report is signed
E oil' and Lanham and starts off
b. ail 55.clsration that the volume OF
", .. Ir oonev is not subject to the
II The legislature, but is regul-
asil NJ nst mi recognizing the prime
80 I. y nature should supply the
.I n money the only duty that
rl.L 49, - mon the legislature is to
aI. r'b nv law ratio of value for the
'il.,sI oftbe two metals and to pro
i, unlimited or free coinage OF
y :, II The ratio established.
;.-s nnder the pretext Of amend
.- :. mint act, silver was demone-
md this was in conflict with the
.'i,ntj6n. If. under the ConstitG-
w ToDgress has power to prohibit or
~ "a. he he, Coinage Of silver, so it has that
~ As compared to gold, silver is
= a. ieDrecisted. 1t is, therefore,
...'-i That it will not be in good faith
4 I'M public creditors to pay them in
.',s-i aIlars without going into the facts
a,.-5s bullion contained in the silver
Il,. will purchase as many of
,soassqries of life at this
:. and more than it would
y. done when dropped from
IRE and more than in 1855 or 1865,
= = 10 all the interest bearing coin
s.ions Of the government now out
rrg we;e issued by virtue of an
ntlSIO except the 3-per-cent. bonds
under the act of 1881, or since
IA coinage was resumed. and are
mite either in gold or silver coin.
-;iere, 10 restore the silver dollar
4 rynpsl its payment in redemption
Jass obligations would be no VIOLA
4 sudcOntfsct or of good faith on the
NJ q the government towards its
-s5g-s The restoration of silver
Il b7El necessarily give demand for
81 1tl has not existed since 1873, and
u AVE tendency to restore it to a
a.r with gold and it is
aFti will so restore it; but whether
Il 1eg or not, it is insisted that we
gu % debt that is not legally and
-llly payable in silver, and even
tr1we 20 to single silver standard
d .srm would come oiit. The report
-Jtes from Mr.. Gernuchis "Great
letaNc Powers" in which he says,
eierring TO the free coinage of silver:
Very Venturesome would be those
who Should recommend the United
States Of America to undertake, single
landed what France will only under
els triple-hsnded," and comments
.on il by remarkng that this
nlphlet was evidently inspired
/ 5 NJ. Nanton Marble, who
y snt by the government to
lls.a.e the subject in European
aA in the interest of the gold
-s'allistsr as the pamphlet seems
.as reached every member of Con-
m the compliments of Mr.. Ma
81 Inc report proceeds to discuss
-suon whether it would be safe
a. country to coin silver free, in
vent Of no change being made in
-oleIary policy of Europe, and
,s'es a belief that the European
--ies cannot further demonetize
~ 'ilh0ut great disaster to them
c,s, s9lle the tendency is towards
- ,solsaCn Of that metal. Another
, ',-ya winch must be considered in
n --',Ioa with the coinage of silver
~ shat the vacuum created by
\, ,-isnent Of National Bank notes
q supplied, now that the pay
'us public debt was rapidly GO.
, ~ ana would soon wipe out the
- f G Oh national bank circula-
OSIernment must either issue
rs s,usl notes to supply it, or else
,,iO' some other system of bank
eve Unlimited use to silver
Cls l4esuon must be fairly met
es,isSIupply be a coin circulation
y credit money! The minor
a,-S.ts Always supposed the golC
TS allsls we're peculiar advo-
n 1 a. money, honest money
e. n, 'uea OF isSing paper lega
~ any sort was a dangerou:
& q, n 4 lem If they are sincere anC
lelr CONVICTIONS. then they
s.,l t ;sa With those who favor the
Z pss.- !. SILVER, and demand tina
Sla llS;,. .IICulatlon shall give way t.
s,s1o., Gu use of silver and gold
S5d .SS on to discuss the pos
MIN ne silver supply being dis
h ssneh $500. 900, 900 of silve
Ia o Jumped upon the United
;n5 C Sn 900 100000 of gold dis
~ jumped down in European
M. 1au concludes that such al
,sni,r Tboud be & great relief t,
s,,.sspaeres. The result woulC
SeoroHeen the monetary suppl,
sSn countries of gold tina
sv;u ne machines of industry il
SSt,;ss the starving laborers O
M mn, pIOymenI ana enaDl
purchase our Commodities
paced in circulation her
pace US on a SCUM,
ht,' 1 S;S;, revive the industries
million laboring men ne1
ae,5pIoyment to WORK riVin'
~, Our revenues Soul,
st'ls q taxes would be lighte
sl, ss spon the great masses q
IN 4. s IA a greater number q
assss e enabled to paw take:
~ . e oe national debt wou'
Us, Ia: s Of the past. Ttmay b
sihasSt owning fixed incomes
gaes ,ssPds, state and rsil-oa
IS tos i others who have in
ave De Pose lines would NJ
protpctt. S !; amount of labor {
lat rseaIIlpg but what they ' 10,
psA 8s se1 5ssy would gain b
'oeral prosperity of Il