Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1893-08-31
Go1Ds8oRo.N. G., AUGUST 81, 1885
SILVER AS MONEY.

var as money adopted by al Ihe
iea,iiug nations Of the worl5; second
tie present a7stem now in use in this
county Of making fiat dollars re-
gard IS of t! cir value; the coinage
o. 5 -. % ) basis of parity in in
,rips;c value between silver and
sol ard 9uurth. the Infusion of
soi.G j. silver dollars to give them
IN, }e1ri.sc value without being
t., Il e. Y for business use.
Tn;- o,.if Pr actical method Of max
ing silver ao acceptable and stable
n,5.ev IS lt5 edoption as money, alta
e. stacGafj of value, by ali the
a,i . - GAS Of The world, That
voo:a a.suse uniformity of value for
silver + II every country, and it
c3a.3 used largely as a substitute
TO- no'1 II TIE commercial transac~
t*o s nstween the different nations.
Oar grezeet silver dollar has no walls
u bs-.td IS value as bullion IN any
Other conntry than Il own, and
ocr silver certificate, which simply
rerrasents The silver dollar, is valua-
he 10 OR own people only because
II IS fla nouey and made a legal
tender ~ the government. When
We s1ttl Eave entirely absolved our
sesvs from tie free silver insanity
ans 81 SD cur gates against making
TIE Uaited States the dumping
grourd u the silver of the world,
as other aling nations interested
IA silver viii have equal Interest
WIZ us n diving the silver prob
itJn ri ii sable basis, and it doubts
itzs ~iii pc speedlly accomplished.
vs. have proved the utter iu>
sar5ty u ii e present silver system
q tie United States. We have
draiuaG our country of gold. We
l.sv. aiehonJred u currency at
tome and abroad. We have inns
rsi7ed pubHc credit. We have lost
S30,C0D,0 600 in the purchase of sils
yer, and to-day we are in the midst
81 q Iuoney, panic solely because Of
our ehsutotn money which has
I, on.Et NJ INTO the contempt Of all
,he N<,fy3. / is needless to discuss
tue .-.ssnt silver dollar OF this
aauu5rv a one of the measures to
h. con ar1d in the future use OF
{ Ter - money.
W ccu'd maintain silver az
MONEY by putting into the silver
oaI.8 - .icient silver to make it
eqnaI in in:yiusic value to a dollar
IN gold That has not been practi-
cable vcD when the present silver
dollar wa equat to gold, as it is
TOO lu.bv TOR general circulation.
" hav hundreds OF millions OF
t:e-e utiars s'ready coined which
sc ge,p vii. not have as a cir
~euta;.rg mejium because Of the ins
convsr euc1 IN using them. TIC
make d ~liYar dollar nearly double
re q # tie present u would
maA5 50 suiky that it could not
be &C. 81 es eoiu at all. This
= acho6 .. using silver as money is
t.e,eare mpractieable.
t. soaydn and last method By
weob yer may be used as a cir,
erzft.dg l.edium would &c 70 infuse
p III :8.,t 20 j into d silver dollar
80 make II worth fully 100 cents il
eoid v.thoa- increasing its present
z, or possibly by even reducing
- ,seen, SIS. Coin is money: il
81 lies the representative of money
- o. per 5. Paper ig simply a prom
&c & .a*: when redeemable il
sa.a, % lie equal Of god in value
accsp.ed by the public, but the
d silver coin that is put in cir
ca.atioa with the stamp of the gov
eeuata..t rnust have rhe intrinsic
saiaa ser forth upon It's face ii it If
to - maae Il legal tender fer the
pa mena Of pubiic Or private debts
Satn diary coin, being mere token,
ior ire convenience of making
Ca nge III business transactions, il
o, less Importance, as it is not
iegsl tender, but the silver dollaI
could be made a full dollar in value
by the infusion of gold without in
cfeasing, or eve 10y diminishing
lrs present e re, aud thus make it
coin That could be accepted il
nslness transactions.
Outside of these four method
th e can he no use OF silver a
money. Silver bullion will, Xix,
i~on. copper, steel ard other met
ar. Lage a liked market value, AM
!, mag De held along with gold a
= reserse for the redemption o
paper money. The practical solu
tioa Of the silver question woul,
there lore seem to be an interna
tionai agreement by which it shal
be gwen . fixed value as money, b.
wsieb il would be accepted in al
tvs Countries of the world. En-
giand is vastly interested in the SO
iltIoL It fh.sqaession and will b
n1ac4 mere interested when W
sal. cease III silver folly, and W
look upon an international agree
menf On the silver question as likel
TO follow the repeal of our silye
dollar ~ AT early day.
S~ec,eSars Smith and Judge Loeb