New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-22

Mr. William H. Bcck as quoted By Cowper'h"ai''
says:
port w S. c %S' b IL to Omaha That rant rant
pSrtatG99 now costs yS 's sosts - and $40 Mining
powder cost 80 and pound. We can o ha.a
%'% 70, 70 C dsy az and ie@s' for r.:
nschincry are 6eIng constantly nSdc.
lie also states tina, when he went 10 Colorado, In
1875 he was told that they cond not m s can n nnw
that asssyed less than S2o 10 oS 10 low ~ IS ton
II cannot be doubted that the cheaper con-
mining silver has had 1e na' c product were now
10 NJ consde ably increased, an equal OF W. vii M
en e,icr n1nsmpon o: silver Than exists the
Interest Of no part OF our country can De m me
Wv stimulating work in the poorest mines or III ''''
The generosity aud large concessions 10 pIoia stc
OF silver by The Government Ct me n'ru id al,
havc unparalleled in the history OF me w9 orr
though ii had low sea; at the table during tnt II
mnistraion Of General Jackson" ~ScI wa 1--WE
nu into our coinage al nine hundred nhi t"tia ,d
fhousand,ls hnc. then cn"mgcd 10 W. ner cent
less Of silver than the spanish milled dollar OF prar
the MeSrnm 1% IT, TcTccn Of over per Of
tho gold In our gold coins. which servsG 10 eA Ths
was The condition OF the dollar recognized III IL,
1873 and clearly and fully explained In INC iTpU ,
Sf the nosr ho Of claim TO BE- ignorant OF the act
passed must also seek alsoluon for ignoranec pr
Incidence III not rPadlhS 'hr r'PO'' =" Wv
OF the Treasury.
prrHECI ,TION OF SILVER PUR nAsED'
N 1853 our halfdolIar ard other minor ShVrr
coins were made with less amount OF sIV'r' ni''''
10 prcvcrlt their cXpOrtatlon in lN''' ." NAM "
Asiatic market for silver and TO promo" "'
portatioD the tradc-dollar. OF 400 grains q sN'"'
silver was coined but becoming ulmaih'e'p'V
was nj length redeemed by the Governments
bore the loss In 1873 tried to make an Ale'i'''i
market for silver by making the Government
purchaser and concr Of not less than TWO 'h'n M
more than four million dollarS per ara ."' now
outstanding AID only kept on party 1o,a SS,sh
gold By a redemption in gold wbehevsi T., u raIne to
b the s sHsr so Of This Bland speculation
was bad for Government ana w9rs i rhIch has ne
who ultimately cannot escape The loss ""'''' mas
At last the law Of $50 was paS,'a;t h ~ amount Of
oyrr $50 tons per month for which treasury r
are outstanding. greatly enafr"ShS rh With an open
mouthed appetite his slender stock 9l gTIu c,am~d
latest speculation in silver was ,UuoS or f. fhc
nsStv Of gold but this midsummer night cream e,I
with SILVER HAT at Is cents per rsU 0' The value Of
sver bullion purchased under the &C, od lS 80 o ~ Wv,
present market price is now worth SZ"''a''''' '''
than FrO WAS P9ia TO 1903 there 40 silver
dollars coined with dicf TaUs Of 500
depreciation Of over 40 per ceiit, nc 10 nIoccs in
ta hands OF receiver would exhibit melancholy
loss but a loss that would be more cheerinlS en-.
dcd if We could trac snd up end s Of
Snu suffering of our people in all the business
qS 81 bc Congestion Of silver everywhere pre-
vail,ng have not only aggravated ugly SYMPTOMS o'
aiuon Of silver more dangerous perhHp I" me
n ;sns STATES as I s prsnt mt"
pledged and willing to preserve the party D''"''"
soh eae deusve efforts made ly all the power ana mo
prestige Of the National government !" ,o C Of snppy
and demand is SIN invindble. and cannot be SET
aside even by the dynamies OF Legal 81 these M
Every marks step downward in the
depreciation OF silver.
CONSUMPTION WHICH DOES NOT CONSUME
II Inns been too obvious that our nominal consnmp
ton OF silver did not consume. us s"onrh oui" :"
over is 900 TONS ever visibly increasing erpe'uas
suggests that 1t may be 100 great 10 DC iore'e' n
above and away from all contact With the "oru
markets. and that like an Alpine avalanche wheh
,osted biz some thnnderbolt. 1t may ere long be lei
loose and by its fall finally ana forever CRUSH o" "
The futile attempt also for fifteen wears TO force
silver dollars into circulation. To the uhehains w.
sry in repeating the stubborn task OF slsyph1s OF
Ins daily ~, uphill ns aa S Sn Hs OF no
more than s57OOOOOO. though delivered TO any place
however great the s sSf to the slender
sotHent SO fret the pockets Of the people that they
swiftly noaa # 'S@ss ni in
and somewhat in weight. silver dollars, though strut
Ting with ba the Srd%sh he world for
thew are worth and ara beginning TO be regarded as
base nuders In al markets sas% to- be 1en they are passed
by on the other side by 1evtes or summed even ny
the csnno favor mmetaism without increase Of
silver in silver coinage as without an incresse
naons Sor favor the free coinage OF SILVER ,S
two metals to be advanced from 10 to 70 to l: or
= ss to Of fs esnnss be-
by any single nation and prepos.eroms, . aT Tenn o
Of SS5 Iar but %s Would M the
Of the commercial world, and inexoraely cause us
further No doc, remedy ns M nave and PRIV
recognize the existing extraordinary magnitude o.
the smount Of silver which must be furnished with
hrnsh BY far the a1e:t sm: sl # THAT
only Necessary for the United States for the time
10 cease from coming or from purchasing silver 70
Ss s9n By TO s saS aust use
silver as an Integral Part OF the eaG money IN ssg
Ss ey may S' sSVe S ssG Sc
Of France now most unwillngy boards 25O,ooQooG
much Sr as the saes hbeating in the United
States Treasury are appreciated here. i we tamely
assume the burden OF a monopoly OF silver here,
burden quite large enough for the whole world Il
may induce France. and other nations also to join
After the repeal Of the silver Purchase law OF $50
e Of silver G the question win eauay con
front foreign nations and cannot be shirhed
How WIN into os spu eCuny 6y mos for
with any cheap uncertain standard Of money panic
viii be everyday occurrence, ond foreign capita
would stand aoof and foreign creditors would deiant
prompt return OF all investments
ENGLAND HINDEEING BIMETALLISM
1t is we'll understood that the great hindrance {,
bnetallism In international conventions has
tho fixed opposition Of Great Britain. The leaders
however, OF one of the great British parties have
recently declared themselves ready TO respond
ably 10 the popular opinion 10 the business peti
lions in behalf OF blmctasn. The demand for sve
in India has annually been from forty to scvcnt,
million dollars. TO all this the minis OF India hav
suddenly been closed. The British trade with Ind
Is very large. and Great Britain with that trae con
fused II not paralyzed. cannot there safely abandon
large use of silver. and II must be used In sncl
manner as will not subject the lndOOs and In
Mal,ometans to the whole loss on bills OF exchange
Nofhinc Short OF bmctalllsm would therefore seen