Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-04-17
PARTIAL BlaETALLISN.
Suggestions Made By an English
PlnanC.er
The Plan by which tgc PROMISES TO
Have Unrrstricted siiter toin.
age In the tnitcd states

NhNN w IlttA w ID hTrNlH NlA NAWg NNHNf
tho cooperation OF England might be-
obtained to such au increased use Of
silver no would make IL possible for the
United states, Mexico and India To t..
open the whole OF their mint. pr the
unlimited coinage Of both silver ami
gold ot tho old European ratio Of %
wei h.a Of sll,erGs the equivalent OF !
weight u gold.
He cites the danger which forces
England, france, Austria and Ger.
many IN adoptinga b,melsllicelaudafd
because OF the great financial loss it
would cause them In making the
change and in being subject TO the
rofii Of fraudulent coinage. Ho then
pr1cpcI-
"Nuw, my fuggcslion II that the
United states govern mont should pro-
pu.r 10 the British government ~
| iullowt:
81. Extend the legal tender 10 lvcr
/ cuiu- from E2 up To IS, and nuke your
| silver coins luii wUtrht--thut ", one
| pound in silver coins shall contain M
/ much "purc siivern Dy weight az l5l
s9vefuigl + contain Of "pufe gold" b.
| weight.
80. Call ia all your GOLD half fov.
etoignr, hud issue now fall weight
! silver coin worth ten rhlllinus 10 the
number OF 30 0UO,OIO (E2l,000 100 sier.
/ ling,l anu ORDER tho Bauk n England
/ % lock those up Ia thu issue DEPART
| menl, and 10 have all the hnlf SOW.
erigus which come ia coined into gOld
/ pieces u e. each anu not into SOW
ercigrs.
IS. Call IN i0,OOl, 900 sovorcigns 10
be cOiutd into IS gold piecer), and
against them ihsuv El0,O0u,OU0 worth
OF new full weight silvcr coins To-. or
los. piecCtl 10 be locked ~ Ia tho Bank
Of Englnnd, aud order her 10 iNuc
| ElO,ODu,Ouu vi notes against them Gl
OF IS notes us pleasga yourselves.
~. A. England viii thus be called
on to make a very heavy purchase Of
silver bulliuu--she will need more
than one hundred and twenty milii1u
ounces-l would recommend the
! United States government to oder to
supply the British government with
one hundred and twenty million
ounces OF pure silver at ninety cents
per ounce. II will sugar the phi, and
| make II more easily swallowed. You
have plenty Of silver bought u long
wny below 90 cents, 70 you would
make money by the transaction.
Now, "a O. Germany and Auslrin-
Hungary, think II would be- apru-
dent thing 10 proposeui they adhere to
their gold slauiafd-Germany Inns
taken oliver coins) somewhat SINH
lar arrangement. Ask them to call In
AL their small gold coins, and to coin
full weight silver coins to the zane
amount NJ those called Ia at l5l 60 l..
Germany has gold coins OF 10 marks
and marks which should les called In.
The twenty marks are a tribe less than
the English sovereign. Austrla-Hu
gary has gold coins OF s aud 10 ins
worth 20 and 10 francs ench-the
i-horin coins should be- called In. She
also has the gold ducnt, worth II franco
So confines, which should he called
In; and also the quadruple ducat,
worth ~ francs II centimeA, which OF
course would remain. And they like.
wise should DO asked to coin the small
gold coins In the largest sized gold
coins they have las suggested iot
Elghudl, 50 aH 20 t-ks them out %
circulation, and TO have them locked
up In the bank as part Of the gold rs-
serve. Tney both have more oliver
than they want, ~ would not want 10
buy silver Of tho U. ;. A, treasury as /
suglest for England.
"rhe Indian empire has almost no
gold coins, but tho gold mOhur ld
rupeos) II exactly the same wei ht and
same alloy tont-.wrlf h alloy MS the
| a.. faF
out OF order. They should b. called la
and demOBeiized, anu she should ht
asked to make her ratio cot fiIm to l6l
10 /, ana not TO coin smaller gold coins
than so rupees (neally ej,) Which
would prevent any golu circulating.
"NOw II all the iortg ing could be
arranged, venture 10 think that the
United states and Mexico might ask
tue Latin Monetary union, anu oil the
other states OF Europe Except Eng.
land, Germany and Austria-Hun'
gary), Rs well an the Indian empire, Ia
IIin them In simultaneously reol ening
a their mlnts 10 the unlimited coinage
o. both silver aud gold at the Old
French ratio Of l5i kilos. OF pure oil.
yer As the equivalent Of l kilO. Of pure
gold, charging In each country uni.
form mintage Of three quarters Of a
per ce',s on silver, and a quarter OF n
per cent In gold (sllyer 10 more work
than gold, ana each county max
ing its gold ana silvar c0ias
conform 10 the agreed ratio. But
IN order TO secure the frank adhesion
OF the Latin Monetary union and
the rest tl Europe, ! venture very
respectfully TO suggest that the United
States should come TO an anRrcement
with Mexico, 90 thai six months alter
the minis are open no silver shall be
sold la any part OF their dOninions at
"a less price than 10 ounces OF pure
silver for one ounce Of pure gold, with
"A discount to tho buyer OF "A per cent.
Now, how ia this 10 be done?
eve !, let each republic pass law
that tl silver pfOlucgd Ia tutir
domiuions shall be deposited ia certain
convenient HtUre.hUurur provided by
euch government, and under the
control OF government officials.
Further, that when silver Ia Deposited
there, the owner suali receive, ~ soon
ms H. Is a-sayed, legal tender notes o.
that government NC the rate Of S5 c0ntA
Tor each ounce OF pure silver deposited,
and also 70 certificate, numbered anu
dated, that such weight VI pure silver
hnu been chat day deposited, and 90
much advanced thereon, and that
wien such silver should have been
| would be entitled, on presentation, Ia
receive the difference between the
advance made and the net amount tho
silver produced, but subject to IA IL,
duttiuu Of y per cent, ON the whole
I - -.