Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-07-08

pieces OF silver, and the piece Of money
IT. Peter found In tho nsb's mouth,
Il with which he paid tnxcs, was
also silver. The latter fact shows that
silver was the legal tender NJ that
time. The thirty pieces Of silver were
worth about $50 of nur money, and q
shekel WINS about 3al cents.
Payment OF money at the Temple
for the services, and receiving money
"a ransom of the htst-hOTn, etc., is
mentioned many times, aud the coin.
mon expression about coin was, Gas
much a. the value thcrroGN From the
time of Christ until the present day
our history IN complete on ooinsgc, and
II shows that silver AMI gold have been
used tof ages as the principal money
Of the world.
ave sec that all the civilized ma.
lions arc either using both ~ tho
metals or either one, aud where gold IL
used, silver II generally In use A. sub
slisiiTy coinage. lion, tia aud copper
coins were made, but Jailed u receive
much " n clrcul itiou. The Hcrodian
dynasty used silver, gold aud copper ut
the time Of Christ, aud u has been
used from that DAY 10 this-silver ne
the principal circulating mcdium aud
gold ~ the more valuable, and most OF
the time too dear ~ circulate; copper
as subsidiary coin.
PRESENT cois MONEY.
"Gald, silver, nickel and COPPER con.
llltItc our present coin circulation.
rhe principal money used IL silver.
There arc 00O,0lO,00O people who use
silver almost exclusively ~ circulat-
Ing medium. There are 20p,0)O,OOO
who uso gold ~ their standard VI vaiuc,
but even theso 2l0,0lJ,Ol0 use more
silver than gold. Among the greatest
nations of the earth il our own, ami
we use more silver ~ money than We
DO gold. We have been using silver
In one sense Of the word nv subsidiary
coin, bu,, Ia fact, use II IA standard
money. Our law has made u almost
equal to gold ~ legal tender. We
see the ssme thing Ia England AMI
France. England uses great deal
OF silver IN her provinces, such as In
Ola and Auattrlia, anu In those pro.
yinecs silver IL nlm1s, the only money
known. The Bauk Of England is n
lnrgo ownerU silver; nnt tho Bank Of
England notes, watch circulate so
largely In England, are based largely
upOn the silver reserve. Tho Bank Of
France also has silver re1etve. The
other coina that we use are nickel and
copper. These are used as subsidiary
coins, which are the promise Of our
government to pay coin, and are not
extensively used.
FUTURE co.'s MONEY.
"The great question for years has been
20 establish Hu International coinage
System. This can only be done
through fraternity Of nations; aud n
we could get the principal nations Of
the world TO agree on n uniform stan.
dard Of weight, measure aud coinage,
We would have the problem settled for
ever. For instance, II all the nations
Of the world would agree to take one
grain Of gold n n value Of twenty
grains OF silver, We could make
standard piece OF money. Coinage,
weights and measures adopted by AN
International conference would make
II very little trouble 10 carry out this
scheme. The next Improvement would
bo an international clearing house, the
nations 10 clear through the Bank
Of England probably. Suppose
We put on one siic Of coining
u national stamp and On the other
an international stamp. In this way
gold or silver Of one country could be
exchanged or returned, or balances
paid 10 another. The old plan Of un-
der.valulng silver and making II a
subsidiary coin Wa and Is n great mis-.
take. We ought to put as much oliver
into dollar a. dollar In gold will
buy, even " we have 10 put twenty.
i've u one. We must use up large
quantities OF silver and In this way
take II out OF the market. II W" make
silver dollars n large Rs cart wheels
We can build large treasury and put
them in, and issue silver certificates u
place OF them, Cart " heel silver
dollars would be bought for spccu.
laiion by bankers who would
figure on other nations follow.
Ing our example. An International
silver world, ly buying silver with
gold and putting all the silver tia! gold
dollars would buy into ~ yer dollars,
would soon decrease the w0r ld'l supply
Of bullion 10 such an extent that the
ratio would have 20 be lowered 10 have
enough silver Tor money. We have
seen that silver has been used Tor such
number Of years, aud, AZ the present
day, 40 pee cent. OF the peop' OF the
world use silver M medium Of OK
change In tmusactiny their business,
anu not more than 10 per cent. In done
In gold. For that reason DO not see
how we could spare silver.
al think that we ought 10 70 forward
aud urge our Congressman 10 use theil
utmost enicnvors to have this Inter
national system Ut coinage, weight
and measures adopted, and that W,
ought to bring this matter before al
our State haukeTs' associations aud goj
their "udatiOns aud urge then
20 work ioI lhis earnestly. thinl
money Is not ouly political question
but IL OnB Tot every man, aud that we
~ bankers, should urge politicians,
farmers aud others 10 support thii
Inc ssure."
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