The times. [volume] (Richmond, Va.) 1890-1903, 1893-05-03
rur FACTS IN REGARD TO SILVER.


general ignorance Of them that we feel
| Justified IN stating them again
The act Of Congress providing for tho
coinage Of gold and silver dollars directs
silver dollar 70 contain az - grains,
OF which nine parts shall be pure silver
and one part alloy. and gold dollar
1 70 contain = $40 grains. OF which nine
parts shall be pure gold and one part
4 alloy. Tho act Of Concress that demon
etlzed silver CAS- it ia called was passed
IN 1877; The silver dollar and the gold
dollar consisted then Of the quantities
OF silver mentioned above and had
so consisted for many years before. bVt
this rating moderated silver. The silver
/ ia silver dollar in 1873 was worth more
than the gold I'm a gold dollar al that
time. and had always before been worth
more Consequently. before 1873 there had
been little or no coinage OF silver dollars
All Of the silver dollars coined by the
Government from its foundation down
10 1913 amounted 10 only $s0oo,o0o. Silver
being moderated. men proposed 10 ex-
port II and sell It as bullion rather than
have 3, coined into dollars This IS Il
prime fact which should never be over
looked
IN 1f7e the silver IN a silver dollar was
worth fraction over dollar. To be
ah,,i,,,,i,, cor,cc, ..ocor9i,,., ., ,t. a,cr-
ag, price NJ silver during the whole
wear ~ ie7, a. WAS ,yortb 81 oN But
silver has eteaduv d.c,ined I'm valuo from
thar da,, - tbfs urtu tho siter I'm
eu,,,r dollar &c worth to-day only sixty
c,., ,.,.. ,r,,is ,,,o,,s that tho euver
- IT., enc C..,..-nr,or, st.,,-,, and
,....-. s.,,,. T.. Iii. ,..,r,,. .,,,-,,.
...-.. ,,... ,,,... 49,, ,,ol5 5oil,,. ,.t,cb
,....--... .,o,,.. 80. a..
-. -, -, e,,u
s.o,,,. g., ....,''o4-
,..,... t.,., ~ .,,. ,,,.,o ,o ,,oeso1 orr act
.,.,-.. q. 49,. ..,,..-. t.,. .t..4 90.
~, a.. ..,.,. 49,, ,,.o,,.,. .,,.,,
Ian, .-..,.. 49,.
M. go. ~, 49, dl.it,, g.. ,..-,.
,',.,n
- n... boo, ~ cold hos,s ov-
49, ,s,c H.. ,.a.,.,,.l
a.. Mt. -. ,oo, ~, oorrso
-. a.. a. H.. ~, ,ho r,r.,co-
-, ,r,. and t,,st % tho tir,o when
our do,oonotizine act was passed Ger
,,.... bin, "a or,,,rize q rnonetarv
-. -. ,bo r..,. or,,,ro resolved ~
,-.....,.. q. 49,, -. ,.,,, ,,osis sbo ,,,ra-
-, a.. -, a.. ill.,. ,,,,.. ,h.t
- -, ,...
-. -, -. ,..r. ar, .r,.r.d
,tl.. e.- .-t. a. t..tito,, qrbts throw
49,. so-- ,-,o,, 49,, ,,,,,. e,r,e,. t,liio, /
o,, a.. ,,,,-,,o, ~. ocf,o+ .,y,s ca cra,t /
th,t tnor,,ir Union, ,,ricb had thereto /
fore been q silver coofederacy was forced !
to suspend the coinage Of silver. and II /
hoo ,,,,.o, boon rasur,od tbera Nor0.a,
e,.o5., and denmark ,nmodiatelv fol-
lowed tt, o,.ar,rlo ~ Germany and T4ol-
l,nd prseia and Auetr,a soon followed
suit I'm effect Thus FneIond's examDle
and preetjco causa1 All the Governments !
NJ Eprope to practically remodel them
selves unon a gold basis bringing inn
mei.se amounts OF silver upon the mar
ket as bullion. and the movement 10 that
end commenced Just at the time when
our demoneuzing act was passed,
I'm addition TO this. through the inn
proved methods Of extracting silver from
tho ore the supplv or silver which the
mines ~ the world have made. has in
creased enormously and steadily. wear
by year since 1873. The mines OF the
world furnished in 1873 C3267. 900 ounces.
of silver worth it, the market SS2l2o.O00.
They furnished in 1872 1l3904o0 ounces
Of silver worth in the market HB,2CG,0)o.
We see. therefore. that between 1913 and
the present time. the amount Of silver
bpll,op for sale in tba market has been
enormously increased NV two causes.
one was the action Of all Continental
I,urone IN demonetizipr silver and thus
bringing an immense amount Of Il for
ward for sale. the ctner was the pro-
di,,iore Increase Of production caused
,y ,,,rrc,,ed methods for extracting the
.l,,or from, tbe ore The fan in its Value
.h,,,,, .,,.-aforo .,,,sa ma sort If eur-
g.. ,1oi.,,. o,,,,o ou.si,. NJ
49,. ,..o,...,.,. ,,i,,o,, o,r LEGISLATION, could
-, "a
IT, 1870 ..,...- 80 a.. ,;,,.o.
-, ..,',, -. 49,,
nm. '........, -. -,
-. ,,,,. .n,.or ~, soo,,ro ,ho c,,,r,-
man. .....,,...... ,,..,. r,is.3 ,t. or,.