The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-08-06
The Silver Craze

No higher duty is imposed upon the
press Of the country than to impress
upon the people the facts relating to
the free coinage of silver craze There
is something very captivating to the IN
informed and unthinking abont the de
nand for more money-the free coinage
of silver, and the relief il is assumed it
will extend to the debtor class. But
there is q vast amount of delusion and
demagoguery about it, and it is to exs
pose that and save the people from the
injury that they would experience, were
the policy of these designing or ignorant
leaders adopted AS we have said
elsewhere today, there are very few men
ia this country who have mastered the
finance problem, and are capable of
giving advice that is worthy of recog
milton and can be relied on. Among
them is Senator Sherman, of Ohio. He
has made finance the study OF his life.
When the country was wild over green
backs, and rose up in arms against re-
sumption of specie payments, he it was
who stemmed the storm. threw himself
;n+e Az hroaob .nd nayaa onward
-
regardless Of obstacles and abuse, to the
contamination of resumption. He now
comes to the rescue of the people again,
=; ,,,,o.f,,l Io+-a, On +ho s,,hioo+
~ -
exposes the danger and the disaster
which are assured with free coinage of
silver. and more especially to the farmer
L ~ 20 ~ -,
oie'o'' ~
VeflteS IS more particularly auuresseu.
In a few paragraphs OF this letter he
states the pist of the free silver coinage
"a a;s.lo,os +ha;n foIlx, o,a
soiis i'ei' CIV N'''e-o'e' 'iieiA Ao' CIV
ignorance.
II cam saws he appreciate the earnest de-
mands of the producers OF silver bullion that the
United States should pay Si.s0 an ounce for sill
yer bullion which in the markets of the world
has been for series of years worth only
about 81 an ounce, s IN til m e S d
little more sometimes little less but i cannot
appreciate why any farmer or other producer
should desire that the Government should. paw
for any article more than it's market value 1T
would be much better that the Government
should pa, Fl busheI for wheat when it is
worth less, but no sensible farmer would desire
Ii
PRISE
The Senator is willing that the purchase by
the Government OF more than the entire amount
of our production of silver should be continued
sbeeause it Is needed for coinage and is the base
of Treasury notes.
In a sentence he states the whole situation re-
garding the policy of the Government as to sill
yer coinage, viz: ITO the extent that the enor-
nous demand made by the existing law ad-
vances the price of silver, the producer derives
the benefit and to- day the production of silver
is probably the most profitable in the United
States. 70 ask more seems to me unreasonable
and il yielded to will bring all our money to the
single silver STANDARD alone, demonetize gold
and detach the United States from the stand
ards of the great commercial nations of the
world
1.-The unreasonable demand for the free coin
age of silver has nothing to do with the reason-
money required by the increase OF business and
~, ~, iie
- - - y ~ oie ile- eaoo VI MONEY
" - . e1'e' si'Ai Uiio me- case u Jus
iness e1nu - o'AD eSel \ inoie 'hohey
- -. ~ ~. q. 4ins "ay9 u piosiuiie
~ one pu,onasiiis power u