New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-03
THE SILVER QUESTION.
TO the Editor ofThe Tribune.

L IN q T. q II or OF n q RI d II u e.
Sir: In The Tribune ~ February - Won give n
symop~i, Of the remarks Of ~, rotary Window before
the House Committee Coinage. Weights and Meas
urcs. According to such synopsis. secretary Window
expressed himself follows: He did not believe IT
was pos blc for the ucd STATES 10 fl ratio between
silver and gold. and maintain that ratio independent Of
other naiOh, Ihl, i, true. # the remark Is intended
10 apply 10 these metal, when In bullion But 1t Is
not true when applied 10 the coinage resulting from
such bullion would like present to your readers
section Of biz relating to the silver question. pro
pared by and introduced into the House Of Repro
scntatlvcs March !. l--6. Does 1t not cover the
groundl 1t reads follows:
section 10. The Secretary Of the Treasury shall,
upon the first bushes, day Of each and every month. a.
certain and determine GAUSS the same 10 be done
the silver coinage Of the United states in
Guiding the amount IN the treasury ior ana against
which certificates have been issued and which are al
such times outstanding and exclusive of such coinage
AT such times IN the Treasury for and against which
no certificates have been Issued. Concerning the
amount 80 determined; lie Shall find cause to be
found, the actual bullion value oi tlc sane' al 'r
rac and market value If silver bullion upon and Ok
the sum Of the difference between su' bullion Naue
and the nominal or fixed value Of >uch coinage, ana
shall transfer or cause to be tran>iercd 70 special
deposit 50 nu'h 81 Sold com or snu puilo" al we
present standard value thereof or OF boi a, shail be
equal and of the amount of such difference as 80
ao,erianed which special deposit snail ne 'reaSeu or
reduced by tran fer. month 10y month, A. shall be
necessary In the case, or a. may be done IN the
other. In order that the amount ana value OF sueh
special deposit Of gold coin or gold bullion al te pres
the amount 81 such difference may be found 10 exist
upon such days of each month month by month such
transfer, u such special deposit shall be from such
coin bullion. both. a shall bc In the Treasury
and not otherwise appropriated, or shall be purchased
therefor transfers transfers from such special
deposit shall be covered INTO the treasury ana su'h
special deposit shall be kept intact aud maintained eN
ccpt only as IS herein provided In this aci. -
Under the operation of IN" provision OF section ~
the whole question of standard Ia both metals rs
connected with coinage would be settled a. well A.
the ratio OF one 10 the other. No change In ratio
need be- made. change In the size or weight ot
the coins. The deposit provided Tor makes anu
keeps the value ratio and standard of the coinage of
either metal equal the with the other. As I'm the
case Of issues OF the Treasury the intrinsic value
of which f. nothing but which are worth their nominal
value because Of The gold IN the Treasury 50
would the present standard dollar be worth IL face
and for the same reason. II coud make no difference
that a part of the actual value of the same was not
the long such part was held In reserve IN
connection with and for the same no more than IN the
case of note issues I'm connection with which the whole
dollar In any pert of the world where banker or
fnanccr had residence and would operate a. lever
I'm securing international agreement a. T. the use
of silver. and A. t. uniform standard and ratio
This silver question has been agatcd now for
years but TO my mind. in direction opposed TO the
best interests OF the country. \ large class pre-
sumably silver producers and mine owners. seek only
make market for their silver and legislators have
been and are inclined to assist them. II must look
to the di,intcrcstcd lookcron II this large class
Interested do not care and that legislators Ignore
the facts that dollar Of silver should approach as
near may be in value dollar IN gold. and the
further fact that continual increase of dcprrciated
coinage Of certificates rcpres entug the same Will
bring 10 the return of things as they existed
from 1864 10 i-7- A. W. BLiE.
Middctown, y. v, Feb. %. 1870