The morning call., 1893-08-16
A GRAND PROJECT.
1t May Settle the Silver
Question.
ONE HUNDRED MILLIONS
To Be Paid Great Britain in
Silver Bars.
WILL THE OFFER BE ACCEPTED {?
How a Monetary Union May Be
Established.
WILL THE OFFER BE ACCEPTED ?
ADVANTAGES TO SAN FRANCISCO
What May Be Looked For if the
Great Project Is Finally
ConSummated.

an act TO PROVIDE FOR THE
ACQUISITION BY PURCHASE OF
BRITISH COLUMBT4 BY THE
UNITED STATES OF AMERICA.
WHEREAS, That portion of the coast
of North Am erica bordering on the Pa
cific Ocean and extending from latitude
40 deg. to 81 deg. 40 min. north, now
called British CoIumbia, should, by it's
geographical position, naturally belong
to the United States, therefore,
Be 1t enacted. etc, that the President
of the United states bs and he hereby is
authorized and empowered to enter into
neg gotiations with the British Govern
ment for the purpose OF acquiring by
purchaEe for the United States the
ownership in entirety of the said now
called British Columbia ; and that the
sum of one hundred millions of olIars
orso much thereof as may be necessary
be placed at his disposal to effect the
said purpose.
Zhs suIo agreed mon to he paid either
IN gald, In ten U4aI annual payments
without Ipterest ar at once IN silver
oAra st tbs sctuaA avsraFs cost OF the
same ssaye - rhe Uait4>s sss.--
s5overHri Ss,
However Indifferent or willing TO wait
az regards the whole of the Canadian Do
m!nion. vet mary Americans look back
regretfuliy at the treaty by which we gave
? The disputed territory between 40 deg
and q deg. 20 min, and there is very liitls
question that Il the time OF the purchase
Of Alaska from Russia in 1868 for 81
10000 in gold, if we could have purchased
for SIS. 000.0 900 British Columbia, with its
domain of over $4,000 square miles, its
extensive seaeoast and the great islands
of Vancouver and Queen ChBrottp, that
sum 10 be payable in bonds at the current
rate of s per ceut. and running twenty-five
gears to the present year. it would have
baen NEST willingly accepted by the
United States, and at compound interest
that SUM would now amount to about
500, 900. 600.
1t should also be considered aat if Can
ada as a whole should ever desire TO unite
her destiny with the United States. we
should naturally be Obliged 10 assume her
entire debt Of some three hundred millions
OF dollars and this sum of one hundred
millions of dollars might very Justly be
regarded as a payment In advance 10 that
<.
Could bin similar to the 5ove be car
ried successfully tbreugh the councils of
both nations and with the approval of
Canada and British Columbia. iG would
satisfy great wish of The American peo-
pie, and X arranged On 8 silver basis go far
toward settling the Rrea; question which is
agita;inQ the whole civilized world.
One hundred millions OF dollars, payable
ell fs1r rf 1t
cents per ounce, wo Id give England an
opportunity OF converting the same into
coin which might be made so as to CORE.
spond precisely in vane TO our own dol
lar. The silver parity with gold is now
reckoned at l29. % pc. ounce, which would
give the British Government an additional
sum of some forty billions for seignior-
age. By an international agreement a
similar amount OF s140.000.o00 could be
coined by the United States, both giving
$3.50. 100000 of silver coins TO be inter
cbdngeGbje between tie people OF both
countries; thus taking an immense step
in the direction of The Gming "coin union"
for all countries 10 agrte upon.
Three great Europesn nations have al
ready furnished the tpnorabIe precedent
Of parting with their possessions in North
America to the unied States: France.
louisiana; Spain. Flodda; Russia, Alas
ka; and there would sem to he no sub-
stantial reason why sle British peaple
should decline doing likewise with British
Columbia. which is of comparatively little
value TO them, but of inalcnlable import
aDce to Us.
Once consummated. thu magnificent effect
of this project on the future Of California
can with much certainty be relied upon.
San Francisco would ceHainlv lie The great
metropolis OF The North Pacific and there
would be no danger o any formidable
rival IN the interior. rhe entire State
would feel the powerful influence of this
measure. as would indeed every one of the
Pacific States. for al tine.
POSSESSING the sovereignty Of the whole
shore line o the Pacific rom San Diego TO
the extrens north tia United States
would enter upon Us srand destiny-tne
nnquestionable supremacy Of the North
Pacific Ocean the fiandly empires Of
Japan and Russia as oui neighbors IN the
far western sea border, AID we ceuld await
patiently for the remaining portion et Csss-'
ada to abide its own good time for coming
TO US. HoRAcE Il CUTTER
San Francis o. August 4. l693
The measure thus broight before the
public this morning has been under con-
slderation for three years, but has not