Arizona weekly enterprise., 1888-07-07
Outlook for Silver.

Indications at the present time seem to give good reason for the conclusion that there has been most wonderful revolution in public opinion, regard ing the importance and necessity of the use of silver as one of the princi- pal factors of the worlds currency. In view of the fact that the history of the past shows that silver has held through all the records of commercial transae- tions the most prominent position as a medium of exchange, and its fitness has been recognized from the earliest recorded transactions between men and nations, and that it has held this place without question or challenge down through the centuries, tested by all the vicissitudes of commercial ex- change, between all conditions and classes of men, the recent discovery of its untitness and danger is all the more strange and questionable. Only upon one hypothesis, can reasonable expla- nation be given for this radical change, and that is, that the self interest of a class of capitalists could, by the de monetizatiOn and degradation of this standard currency be best secured so legislation was influenced in this di- rection regardless of the effect, and every effort was made to make the sil- yer currency unpopular, and perman- ently if possible, useless. But time has shown with indisputable logic that 1t ! Is impossible for the nations to trans act business, and preserve that balance of currency required, without making use of silver, which is shown at the present time to constitute more than One-half of the balance of funds, in the l banks of the chief commercial and financial nations of the earth.
 Among the indications ofthe change indicated, which may be given as proof of reaction in favor of acknoWledg- ing the necessity for its use, and rec onizing at its true value, this, in fact | the most important medium Of the worlds exchange, may be mentioned the fact that the opposition is much less pronounced, if not entirely inac tive at the present time; the increas ing circulation of the limited amount coined; the more favorable consider ation with which the question of it' general demOnetization is regarded; Z recent statement to the effect, that z majority of the United States Congress is in favor of the recognition and coin age of silver, limited only by the re quirements and demands of trade, alsC the claim that the British Parhamen Currency Commission will report il favor of the demonetization of silver and will propose a convention to de termine an international system O weight and coinage, by which gold ant silver may be exchanged; ; and the fac that the Republican party, at its recen national convention, introduced ; plank into its platform which show favor to the silver question. Thus l will be shown that there is good reasol for encouragement of those who hav
 so long battled against the injustice 0 the legislation, which has during tn
 past decade depressed the industrie of the whole country, and taxed it citizens millions of dollars, that fev men, controlling the gold and tn bonds Of the country, might increas their gains at the expense of the indus try and prosperity of the nation.- Chicago Mining Review