Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1890-06-07
THE TRUE VALUE OF SILVER

The Brooklyn Standard Union
claims to be in favor OF bi-met-
;ilism, but states that the present
ratio of the metals about sixteen
10 one, is not the true one, and
that the United States should in
crease the ratio to correspond
with what is claimed as the present
market value of silver. The fact
is that as soon as it was ascer-
tanned that silver had a working
majority in Congress to place it in
it's old position as money, it ad-
vanced at once to a higher figure
than it had reached for many
years. When the statement vas
made that if such legislation pre-
vailed President Harrison would
veto the measure, it receded
again, thus showing that it only
needs restoration to its old posi-
ton to place it on a par with gold.
The only power which can affect
this desirable esult is Congress
as The Consti u ion in defying its
power says 1"ngress shall have
power "to coin money, regulate
the value thereof, and Of foreign
coin, and fix the standard OF
weights and measures"
In discussing this question the
Oakland Times says:
There is no need of changing
the ratio which has been in use
Tor over a century. = act OF
Congress restoring it t us place
as money would at once restore
it's value, and there is no daryer
of too much being offered to the
minis for coinage, as according to
WINDOWS report, there Is no
large reserves to be obtained any
wi re in the world. The opposi-
i comes from Wall street and
the bond holders, who are anxious
to prevent an increase in the vol
ume of currency, thereby enhanc-
ing in value the sureties they holi
and increasing the purchasing
power Of gold, at the expense OF
every laboring man in the country.
By the reconciliation OF silver
the volume OF currency, would
be increased about one hundred
millions per annum, and an i'm
petus be given to every branch OF
business in the United States, and
many mines which now are not
working would be able to make a
reasonable profit for the miner.
The Government has now in its
vaults some S7O,OOO,O0O, which is
called seigniorage on the purchase
of silver for free COINAGE under
the Bland bill. 1t ougas to be
called stealings from the miners
of the United States.
After running side by side with
gold from the foundation OF the
Government until 1873, silver, by
the omission of the words "Silver
Dollar" in the list of coins, was
demonetized. No viler scheme
was ever concocted in the history
of this country, and the clique
which p petrated the act should
be execrated. The charge is re-
peatedly made that the Senate
was not aware Of the omission,
and that the bill was tempered
with, but this is denied by Sher-
man Of Ohio, who claims that ii
was publicly announced in that
BODY, and he claims that Senator
Stewart favored the omission. Ii
Is shown conclusively that the
scheme originated in England, and
with the aid of Linderman, Direct
or OF the Mint, and Sherman, II
was successfully carried out. The
loss to this country can hardly be
computed, and nearly all tbs
stakes and labor troubles are the
natural result OF this infamous
scheme. Let silver be placed back
simply in the position it previously
occupied, and the volume OF Gu
rency will be increased TO such
extent that the business OF I
country can be carried on success.
fully. and new era Of prosperity
will be inangurated.