New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-13
TuREE-FIFTHs GOLD, TWO-FIFTHs SILVER

Sec Nantucket. Mass. July 90 1893
r,.prE.FIFTHs GOLD TWO-FIFTHs SILVER
Tothe Editor OF T h 7 ri " II 2
Cir. The writer has a plan for disposing OF the
..dI,or question which he believes to be new ho'
o,o,e az regards the mechanical nature OF 'he 'oi
proposed but particularly as regards 'ne p.op ',,a
,iors Of value in gold and silver. on which ne "o'
fourd first the specie dollar, and second o'e en-
fire issue OF paper money, which shouiu o
-oo,,,, Centralized by the Government. lie recos-
nizes at the outset a few pain' haiu i'''' ~
we cannot get away from If we would
Fact I'VE are where are. not beginning
.s,or, Nth the way all clear. but having already
nordorous amount of money in circulation coh-
s,stinp of. or based upon the two metals sou anu
silver these metals being In coin FORM VI III o'"''
stored by the Government for coinage
Fac, binder the patronage of the Government
largely a great industry in silver MINING ~ 49,
inc bas grown I'D with attendant increase oi poPu-
,ation and encouragement Of all sorts Oh manu-
featuring stock and produce raising, mercah'"e
business freight and passenger traffic ana so OIL
Fact 3-The money of one is inevitably 'he i'o'es
OF all and the interest Of one should DE 'ie "
Of all A sound policy would be for mu'ua pe"e-
IT. an unwise one for the hurt or ALL raS'' 49,
North or South Consequently we should pun To-
gether A.. =,
Fact Ave have said. like other nations that sii-
var shall be thus and So yet the tendency OF po,h
nations and individuals eventually whaleNe' ~
the temporary feeling. is to rely on gou' by ,.,
of magic 1t rules all values, whether you say q"
mr. and" or might" or should" and though you
call on fnanciers or economists or legislators w
bauI and twist and therefore" to the very emu.
There's where we are to-day. and there we VIII
likely find ourselves in future in spite OF law OF
logic.
Now shall we be extremists? Shall we say soon-
by to silver or the other hand snail we ueny
the over-ruling Attempting power OF goa anu
cry aloud for silver. oceans Of silver. deiuges Oh
silver salvation by silver in spite or all the past
Somehow we shall have to marry goa anu '''e
over again An estrangement has sprung up De-
tween them They belong each one to the other'
and perhaps by and by will be the better Io' ''''
little falling out" SO marry them Hrs' III
the individual coin. not by amalgahna''o"' Iva '
has often been proposed. and seems not u We
feasible. Such a mixture would be too uncertain
The partg would not be easily discerned as eenu
inc Nor should the coin be simply gold anu 81"
ver Joined By contact This. too. has been pro-
posed but with difficulties in the way OF ueteSt-
Ing the intended ratio OF the parts, ana WIN ia'se
ideas as 10 what the ratio 81 said parts '"on,4
be in the beginning II desirable. gold can be fnade
Of three-hfths value in gold ana two-ll'nS H"''''
tho gold being placed in the centre and being
thinner than the outer part, or rim SILVER may
constitute the rim. First revalue silver 'theh
make the dollar pieces on this plan. The proper
tions of value named will be found TO furnish sucn
PROPORTIONS also in bulk as to be practcai ioi
the dollar coin. The gold is so set into the SILVER
as TO show most OF its rim. or in other "orus'
space exists about the larger portion OF the gov"
showing up its dimensions at a glance An accu-
rate measurement Of each part IS easily maze by
n gauge constructed for the purpose. which meas
ur.ment OF course. necessitates the proper weight
The coin will ring" would not the dupieN
coins such as have been Heretofore exper"ieh'eu
on I'm models The comes on the silver por-
ton scarcely at all upon the gold Having TWO
norts and two metals, the dollar would not De
easily countcrfeited, as may be the present silver
dollar Moreover the coin is IA very graceful one
and smaller than the "cart-wheel' coin Of sill
YER A model has been prepared and forwarded 10
the Secretary Of the Treasury at Washington.
Set a time within which all the present silver
dollars shall be. retired. coin hereafter none but
the duplex or married ones OF gold and silver com
fractional pieces of silver now They are for
convenience and are not likely ~ themselves 10
harm the credit OF the Nation. Inc trouble now
is with the unit dollar. II has been coined too
freely and too cheaply ana runs 100 iar ava!
from gold Such "A coin proposed would be as
reliable it would seem. anything possible In
metal form. aside from gold entire ami as has
been found that is practicable to handle In the
dollar piece II the coin should vary its varia,
ton need not prove disastrous. Tn decrease Would
be but "A fraction Of fraction OF It's value three-
conge OF silver would be avoided. every part
of silver must be- mated with its proportionate
amount OF gold. Quite an advantage OF the pro-
portion of nfths Is that being convertible into
tenths they come at once into the metric system.
on which the coinage of other nations is some
what built, and which system of international
coinage MAY some time be wrought out. No one
can fail to the desirability of an international
metal dollar
Next call in all paper money. Let the Govern
ment issue i'm place thereof certificates in con-
venent denominations. redeemablc each In three
ifhs gold and two-fifths silver. Coin the larger
gold pieces with limit. to be used in settling bal
ances with other nations. The effect would be that
business would be- done mainly certificates and
not actual gold and silver while in every trans
action gold being In the ascendancy. would be
recognized as fixing value. silver would maintain
Its place. not first but second. and mated with
gold nature in her distribution Of inherent Gifts
has seemed to tell us would be proper. The worlds
supply OF gold and silver could keep this marriage
good. Why may not the nations join to bless tho
bans? dollar here. a dollar everywhere, Amen
and halleuiah' EDWARD l.. MORRIS.
Minneapolis. MINI, Aug. l. 1898.