New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-05

The statement Therefore, mat thls Cum os az na.
os.nT a paralysis from severe contraction, uOes hys
eeen, TO be sound do the facts app'S ~ yu',h
q largely increased coinage OF snVef "oHdiS i' '"'
purpoSo The liner proposou that increased coinage
would enhance the value Of silver by aDso.uhs I'm,
worlds SURPLUS product IL Is mater 81 gfaNe ou.s
Sehsr the pnrchsss OF additional 81 900 volt
of silver month would have t nec se a II nat
IN Increase Of prce would Temporarily occur Io,
Coy nm WbetSer II Would be maintained is matter
OF acknowledgement upon CONDITIONS "hieh !"
If. the purchase of 300 ss04lc ounces Of silver IN
the brief period Of eleven years, did not even say ~
immenSs onant!ty purchased silver declined over 20
Der cent in value, what assurance have We una,
ateriay e and permanently enhance the price OF
silver much less restore the former elGh9a ,,enaed
such a policy would on the other hahd 70 $3.50, $500
BY great dangers and would widen inc gtp po,Ssa
the legal ratio in coinage of ne elG IN the way
Of an international settlement. Every s'nsI "I, *
coined at The ratio Of is 10 (acmaiN l'9p ~ a,
an additional obstacle in the way OF the 1iC'uh ,cb
any practical ratio by International agreement "n r
is the only final solution of the silver Question, o
silver should be only I'm the form OF bullion. A
The purchase of 81 100000 worth OF SILVER an the
coinage Of 1900 900 silver dollars monthly, 80 49,,
stored away In Treasury vaults IL may oe IA d ,Sst
certificates would BE- Issued on these dOhaI, ~. Ola
they would be a popular form OF curfehcY out lie,
fact Is that at no time since The c9nage Oh liyer
dollars held by the Treasury been coFelei Dy Ua
standiig certificates The SUBSTITUTION ., e,I snyer
fifcate for the cumbersome aud lncOnNchleh
dollar while It was tended TO popuarize H. anu s.S
IL circulation otherwise impossible, an 10 sven ten
lis usefulness and to postpone the cVn adl 80 ~ ~
prophesied has added nothing 10 us Nauc s ai.
relieved the dollar from none OF me danse,s lar vii,
in the effort 10 keep an overvaued coin az par VIZ" q,
gold These certificates rather add 10 the peru a.
such financial policy by temporarily popaI hn most
Sr ny and the evil results which ineVts .
await upon its enlargement and muonfb would
coinage of 100000 silver dollars rs utmost
lax the present mint organization 70 ito cnirase
capacity, and would practically SSPsd Nv enlarged
20 5 hnt as the coinage of S20OO,oOo WORTH
month has more than met the deua ro SoSld soon
ha ourned bv Tho neople IN the shape OF ccruhCau,
is not sustained by the history OF inc past N'' y
deiah9s oi s He Of silver dollars the certificates
which represent them should become so huine.o' -.
TO endanger the fee and egatender notes
Tho dies of The Government would sopa ur p nal N
silver and heretofore !ne have teen PAID ia
the legations Of the Government ne t,ne when ths
gold il would only be question OF Ile VIZ" ,,am
specie reserve in the treasury NG % 9orcS The sece
gold to silver 10 such an extent a. 10 ,he Govern
tarv 10 nav out silver Just so long a. ,S 80 t,s
ncantspce no the option OF the creditor, no one
forced to receive Il unless he thinks PC ed Taher
of at its face value ana IN S ,m,ed % scts
requirements Bat Il more than sufficient - n ths
business needs are issu9d they snd unless tho
Government redeems them. thcy must dep SrA ths
The secretary of the Treasury. in whom ~ 100000
U.s. os Silver ner month concurs in the ogonur , "
all his predecessors since 1873 Of both PooS SSt sas
~ 60 in tbe coinage Of fuf egaltender d9lan oe
nominal value OF which Is far IN eNge s opurchascs 70
/ value and he has therefore conineu hiS P
the sohn Tra Coinage of standard silver dcsS
! This may he called the heroic remedyst A,Sls
our mnts to free coinage for depoSois n,arkets Of
grains OF standard silver are WORT. ~ .y m everybody
Inc world Ory ~ cents. would DC 20 sr la ~ silver.
al home and abroad. bring us - &c & we Nil trans
ard by the magic OF our stamps ~
mute II into 100 cents Iyer while It is an indispensable
condition Of permanent re lie metal value OF The
silver In the full legaende. aolai h.vo the eject.
than as nominal value wou cbnape Of silver into
10y Jrns 10 close them for the free codnass Ti
Ne doubt our minis would NM aipM naS.s of silver.
IL thsy meiv yccd them fer the coinage o. g u
wo goId would command premium ana md no,
commodity to he BOARDED ~ homep would stop The
com ior cNnlaon Of gold and silver our ,soJer
nIui 'puH he paid only IN silver our .hn Trsss-
duss Id be used TO draw the gold nom 'h silver
lptes w .onh then represent only debl m,t and
u3 ~ should be compelled 70 go into inc W, ,bem IN
purchase gold 10 meet our o 6ilsa2n'' =. he United
Hn , ~ we are not strong enough nor naejng our
ot",sorb The silver Of the world, without III. This
10 wholly upon the Asiaic silver 49, ,eslrcd
oouc would in no wise tend 20 es,oae - rsomote
poi,r,hrInm between gold and silver nor " y
their JONI ead II meet the hopes and exIe,ans
q, those who desire increase OF our
medium. -, -, -, sold certificates owpIs
I nc anone and IN actual circulation. eAvynSsn,ber
s,s7 b75 $50 owned by the Ireasury, o al silver
j. isso, was 800 .a rrec yery soon put ms
dollars woui' ~ mo t nremum and cause !. ..,la.
b Sisy dor or exported, and thus retire " "0"
ton :, WE shoum coin loooooooo stsa "rs enough
~" ,ssr N would be five years oeio sc,al H.
OF thsE could DO nut Ia e'S0"''