The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1889-10-05

session OF Congress IL geue'1i'y az
mitted by all parties; and that the
chances of success for the friends Of
free coinage of the white metal ID
daily gaining ground is equally APP
parent. In support of this view, the
following, collated from various
sources, indicate partial, If not COM
plete, victory almost certain to be
wen by the silver advocates.
In this connection, the hrst fact
: worthy of note Is The Treasury OF
United States has IN hand at this time
only $S,37s,2s1 standard silver dollars
that are not represented in silver Ger.
tifcatcs in circulation, out of total
coinage of silver dollars up to date
of $3.50, 2e3, $50. There are in circula-
ton $274, 722, 1913 in the form of silver
certificates, and about $50, 900, 900 in
actual silver coin, and no one COM
plains of an excess of silver.
Another fact Of interest 10 the de-
termination of the Treasury to cease
the practice of haggling over the
price of silver and compelling the
seller to take less than the current
market rate. That was pretty small
business for . great and rich nation
to engage in, and it is best that it
should be dropped, and that the Gov
eminent, so long IS it continues buy
ing, should buy like any other buyer.
Again, the Colorado Mining Ex-
change has adopted q resolution TO
investigate the constitutionality Of
the act restricting silver coinage, and
appointed q committee Of three prom
inent mine owners with authority to
employ the necessary legal counsel.
The Committee proposes to visit the
mint at Philadelphia with 100 ounces
af silver aud demand that it be COIN
ed into dollars. This being refused,
they will bring suit against tina direc-
tor of the mint for damages, thus
bringing the subject to the attention of
the United States Supreme Court.
At the Bankers' Convention in Kan
sas City last week. President St. JOHN
Of the Mercantile National Bank, adj
dressed the convention on legal tender
coinage. The speaker had one prop
position to make on the subject. 1t
was that an Act be adopted by Con-
gress which should do away as rapidly
as convenient with United States legal
tender notes and the opening of the
United States hints to the free COIN
age Of silver.
St. Johns proposition is that the
Secretary osthe Treasury be requested
to buy aud coin 100000 worth of
silver bullion each month, providing
that not more than 90 n cents, or 4i2H
grains of silver, be the amount of the
silver dollar; that with the coinage of
silver, the legal tender notes of the
Government be withdrawn, dollar for
dollar, as the silver is Issued, and that
gold and silver certificates lie made .
legal tender. This is the bankers
II resy, and Will be vigorously OPP
posed 10y the silver men
Aaf.fher significant fact, outside our
~ is borders, il the recent action of
the English commission on the rea-
sons of depression of trade. That
body went into the question of bi
metallism very exhauStively and
large majority reported in favor of the
double standard, while the small
minority dissented chiefly on the
ground of temporary expediency.
Nowhere in the United States at the
present time IL there voice raised 10
favor Of the single standard of gold,
and in the other civilized nations of
the world bimetallism is steadily
fssa