New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-08
SELECTIONS From THE NAIL.
,.,,p cppT1rrC.TEs AND BIMETALLIsM.

SILVER CERTIFICATES AND BIMETALLlS"'
To the Editor Of The It'd uhe'
Sir. In the report Of the proceedings OF the inter-
national Monetary Conference, now III S's''o' ~
city Of Brr .s,s as given in The Tribune oil 'oNeo
~ :. + stated that 81 the representative Of the AN'o
Iat,d Press learned from high authority tha'' 'ie
conference IS prolonged more than three weeks 'ne
,a,nc ENGLISH representatives will return TO L0huoh,
Zinc tho lass important members to watch the pro-
ooo1irrs This Indifference on the part OF mosI
lmportant Power, If true, Is not assuring 10 'he i""
# bImotalliem II +, further minated In EnS anu
that ait Z; with a Of confusion that the e'"
member, listened to the remarks oil the American a'i'
CAFES on the imperfect knowledge OF the Iudimehl' Vi
currency questions, displayed by English representa-
tivcs' This seems to show tlat England IL ui'u Vi
international monetary councils.
In this conference proposed by the United States
hut composed mainly of members from non-9aVer
producInc countries the obstacles when CONFRONT ou
delegates I'm their efforts TO promote ireer use i0
.llycr In the currency systems of ue Woriu sussc'
themselves to the careful observer vi the niiaNoi
oo,a,tons prcyaIIng in this country at the present
time. ,
England. which issues no paper money Of dcnoml.
no,,on los than 60 and c0mpes the circulation Oh
oold and large ainntitics Of Lone-a crder silver c)'
may ncrt,ncntly inquire how long We shall commune
TO issue one dollar certificates of inll lesai t"ucr
otallty maLing the circulation Of silver com i"'Po'-
.ihle ENGLAND Is now getting from .Auatr1hi IT,
rectoll. norton Of the worlds product OF god' ana
IL cctiIng from the United states and other American
ountIi., what silver she needs, ut two-tmriS us
coming value and Is not dc-irous OF giving up nei
single gold ,tandard at home or the silver currency
circulation in her colonies.
The nations OF Europe and Asia coin ana use III
Tho urc1nc arts all OF their own silver pr ducl ah'
,orcnd ,non mart Of the United states product gam
,ng tho difference between its bullion Nalu" ana l's
rnId 1r coining value and 10 them the law price OF
Ne eros the Atlantic and plead for an outlet Tor
or silver. To which We refuse coinage anu mo"e''iS
Use AT home. H., e., ,, t.,ttod
state, from 1913 10 1873 The last twenty years OF lF
cold and silver coinage. averaged, Over ana above e
Industrial COT umption ~ IA per capita per niuin.
From IS13 to 1-l1. the twenty years following We
pension Of fr, coinage. the p:oduct ot pJth -ts,
oyrr th, Industrial Use. averaged but liz cents pr
car i'm yearly gold having lost more than liver Glln
GC Inc proiuci n silver only abont 80 per cent WIS
al wing coinage and monet m Use. ana 81 thc com
ldncd product 4 both metals an amount "iHal 10 OILY
30 cents per capita was allowed monetary use. .
II rl, question gains The attention IN mat uiS-
,ln.,il Nod council which IT., importance demands thr
farf win be- established. think beyond question: that
Goycrnmcni OF the United STATES f. My responsible
and that the true solution Of tho whole question can
b. found In tho extended coinage and circulation hot
lax representative certificates, but In real coln-Oi our
.ntrr available production Of silver In IN" United
c. p. BENEDICT
Jersey CIV y. j., Nov. ~. 1892