The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-02-15

the silver product OF past years will be poured
into our minis. unless new steps be taken for
decentralization and for this improbable con-
| tingency ample safeguards can be provided.
Nor need there be any serious apprehension
that any considerable part OF the stock Of silver
coin Of Europe would be shipped to the United
There is much less reason for shipping coin to
this country than bullion. for. while the lead
sve thes
have provided by law for maintaining their
stosx q sysr coins Ct
coin: except Observation-Disclosures used for eSc6anse
in circulation about 500. 6oo.ooo in Old silver
thalers; but ten YEAR, have passed since the
sale to say there is no stool. Of silver coin in
tot 81 tss 1s
1hS nas s1 EcS
any large stock Of silver coins and the co ane
merciaf necessities Of these countries are such
that they could not afford. without serious
gold coins: to deposit them at our mint for
When the utter inconsistencies and falla-
cies OF all the other objections to free coinage
Is EXT We soS 1 ted With the %t
q sSss Tns mentSf!y stats ate aaSu 3
sa d 27Ss gold sS
spe%s s 81 h IN snH e he
ss% L. g5'ste saHts and Snnf Ghs 81
n Sants 81 5ata THIS . ND
have Trustworthy record as being in this
Is ms4s saess o xo she estimate OF
Of all the objections urged against free
coinage this, in the opinion Of your. commit
sideraton. That the Change , PROPOSED In our our
currency law. involving the complete restore
the coinage OF both metals on equal terms will
cause cad e., for the moment some apprehension:
to gold 1as
must, from the. nature Of the situation. be
transitory. No important change that Affects
where. Yet i viii not be contended that st our
other modes OF taxation are never to be altered.
always has been q sufficient argument. 10
ehanse hst our aw
as the act demonetizing il did. Indeed dc.
At time When We We're loeEins to ! resam mae
e tn s9seS hsye
Of the standard silver dollar In 1878 with tie
Distinct dist pur}pose Of putting this country on tic
four fundrsd millions Of silver dollars. and 1--WE we
have besides over fiity millions Of, silver bull.
dred thousand ounces ssery month Our n ap.
Psssssen Selsss slysr .S hssHPS h aye
dsayed tRe Greater shs inasee
dope to our people; ~ ...,..u,
against free coinage by its opponents without
enG q ths q free
a m al " q
try would at once allay all fears q its ultimate
remonitiZation by tho nations Of the world. 1t
for the apprehensiens now INDUCED in: There
sSnsd Be Silver tsa %cS S s9 ada III ssk e
sS|dd and render e less NEST
mediately and before the vacuum Gould be
owsr Prices to such an Extent that goa wouid
buy more commodities than now. consequent
Ts Dc
gold to be imported Instead Of exported. It
ES would cause ,S gold to be Invested Instead q
at a profit until some other forms Of money
take it's place In our circulation.
ports 81 aGa s me % our ssa
thsTs with soantries on NJ single SILVER sasis
and Of the Old World to SHOW the dissd Vantage
81 the American farmer In such competition.
i Il claimed. and the history Of prices show.
about the same ratio the prices OF our farm
products fall. To say. that silver Is low is
tantamount to saying that the price OF cotton,
wheat and other farm products are depressed
The reason Is plain; Countries having this
iiauldatinG foreign debts In money for ths res.
son that silver is. as compared with gold .depre-
GATED To settle foreign balances. therefore.
in silver, entails u loss Of the difference In OK
change between the value OF silver as com
pared TO gold in the ratio. this difference
being tho divergence between tho commercial
value and the coin value Of silver. Hence the
silver standard countries. instead of sending
their money to pay, foreign balances. send
their currency nave not lost their value at
homo or abroad This system works a. an In