The Forrest City times., 1893-09-08

ONE of the best suggestions we have read is contained in the following from E. H. Kan dle of Byhalla, Miss. in recent issue of rhs' Memphis Commercial: The value Of silver like that of all other commodities. ia controlled by supply and demand. Aluminium, nickle and several alloys have to some extent taken the place of silver in the arts, and so far as This has been done it has depreciated the value of silver. Gut perhaps silver has found new uses more than enough to couHterbaance ,his The greatest displacement of silver. however in the worlds history is found in She use of paper, nckel and copper money. fall such currency were replaced by silver or silver certificates. with the coin in the treasury vaults for their redemption. It would create a demand for the metal that would greatly enhance it's value paper dollar has no more value of it's own. but de- bends entirely on tho faith of the govern ment. silver dollar has about 60 cents value of its own, and depends on the govern nent for the remaining 40 cents Thus 1t will cost the government 50 cents on the dollar to replace all currency which has no intrinsic value, with silver or silver certificates but in song this the government will pay ef co per cent. of its indebtedness on the same. so noth- Ing will be lost. The government can SUD- port. on parity with gold, si00 fn silver as easily as it can 80 in psper. Itwould also in crease the demand for silver to mske no gold coin of less value than s2s. and to issue no sil- ger certificate of less value tran s. If The government should pursue this course it would fall back more directly on the constitu- ton to have ITO money except gold and silver or their representatives in certificates
 THERE is no doubt that in panicky time the constant irritation that such and such a cause is producing the distress and that If not removed it will produce a great deal more tends to gfqe the alleged cause all the potency for evil it is supposed to have. Where the chief trouble is popular alarm md general lack of confidence a made-up- -scare-crow may be as effective as a genuine monster or a real ghost. We have no doubt that tho country js now suffering more from the frantic warm Ings of its wise men. and the voefol jeremads of it's prophets than from any solid and sub- stantial cause. The Sherman law is uudoubt- edly bad law, but It never could have done all the harm that has been done if it had not been made more terrible by the art of its ene- mics. Silver has been so persistentIy and in- dustriously damned that a great many people have come to regard 1t as in league with the devil and the arehenemy of the worlds peace and happiness. Tho repeal of the sherman act would be a good thing in Itself because it would remove n bad law; it would bea better thing in that it would re- move q source of popular alarm-a scare.crow which rhetoric and imagination have trans. formed into grizzly snd hideous monster. IL would be sort of faith-cure for the prevail Ing disease. for there is nothing more effec- tive as a remedy than faith when the origin of the disease is fright. But 10 suppose that the country will be made prosperous and Ina D. py or that public confidence. temporarily re- stored. will be rooted and firm. fixed by per ,nanent contraction of the volume of curren- ey. is to suppose something which. to our mind, IS against reason. When gold begins to rise rapidly in yaine and prices 70 tumble; when the burden of every debt is increased, we fear the people Will fad a real evil much N"fs- ihin t." largely arritcai and faciitiols Piric fr"m Nh!oh we Gre LON sunerirg.- LDnlil arDlAl