The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1893-08-10
THE 8ILuKR NATIONS
Almost All the World Ac'
knowledges the Metal.
NATIONS THAT USE SILVER MONEY
A Well Written Dissertation on the
Application of the White Meta. as
Money in the Old and New
WOrlds-America, for Many
Reasons Should Keep Up.

The New York Press, in an editorial
upon the silver question, takes grounds
more favorable to that metal and shows
that silver has much the larger use as
money as follows:
I'm the present agitation regarding
the decline of silver in value as compared
to gold, there is a disposition to rush to
the conclusion that silver Is entirely dis
credited, and, moreover, to overlook the
great interest which this country has in
upholdlng and protecting the value OF
metal of which the United States is by
far the most important producer In
order to assist the public, therefore, in
arriving at a correct and deliberate con-
clusion on the silver question, 1t may be
ought to be familiar.
1.-THE Press has before pointed out that
the suspension Of free coinage in India
does not imply that silver is to cease to
be the current and ordinary coinage of
India, Not the slightest authority has
been adduced to show that silver is to be
demonetized in England's vast Indian
empire. Indeed such position would
SAVIOR Of madness, and would be impos-
sible of accomplishment against the
manifest will Of the people with whom
the use Of silver as coin is second
have no interest whatever in the fuctu-
ations of the gold price Of the repee.
The substitution Of gold for silver in India
that gold would not answer the purpose.
mohur worth about $S, but nobody
HI ot11< - La of
The measure Of value must be coin
known to the people and in current use
among the people and such coin is the
repee, of the nominal value Of 48 cents.
The rupee is too small in value to be
coined in gold, but is just about large
enough in amount to be measure of
value in a country where wages are as
low as in India. 1t must, therefore, con-
tinue to be silver, and India will con-
time to be d silver coinage ana silver
consuming coantry ~ ssi
"The important state of Persia, west Of
India, is a silver country. It is true that
gold is coined there, the gold toman
being worth about $685. but very few
gold pieces are in circulation, and the
coin for measuring values is the silver
kran, worth something over 13 cents
1t appears, therefore, that while Persia
has gold, the Persian people have no
use for it in currency The great empire
Of China is a silver country, so far as
large payments are concerned, which are
made in silver bullion, and by an i'm
perial decree, issued in 1890, the silver
dollar coined at the Canton mint is made
current all through the empire. The
legal money of Siam is the trical, silver
coin. Turning to the empire of Russia
we find that the larger value of metallic
money coined is silver, 3,486,508 silver
ruhles having been coined in 1891 against
2,735,l4O rubles in gold. The silver is
the legal unit of money in Russia. The
empire CT Japan has 100000 0J0 yens (the
yen being about 81 in silver to 62O00,GOO
in gold. While Turkey coins the golden
Ira. the coins in general use are silver,
and it may be said without exaggeration
that Asia and eastern Europe are silver
regions.
"France from 1895 until 1892, put ia
circulation nearly eight thousand millions
of francs in gold and about five and a
half thousand millions Of silver. Italy
from 1887 to 1891, both inclusive, has
coined about thirty one millions of lire
in silver to about four millions in gold.
In Mexico and South Central America
silver is in general use, and Mexico it is
said is continuing free coinage, and finds
il difficult to supply the demands Of
increasing trade. It is we'll, therefore IN
considering the silver question, that by
far the larger portion OF the world uses
silver as currency, and that among the
countries so using the metal are those
with which it is for both political and
commercial interests of the United States
toikeep an active intercourse. It should
also be remembered that silver is an
American product, and that while the
credit and currency Of the nation must
under any circumstances be sustained,
nothing should be done unduly to dis
credit metal in which Americans are
SO deeply interested" 90"
Sensations of Freezing.
It is certainly painful and disagreeable
to be sick, but it is an intense satisfaction
to know that the final stages OF death are