The times. [volume] (Richmond, Va.) 1890-1903, 1894-04-06

which Guatemala demands Is pretty
deem one. There In no question that io'
every bond for one thousand pounos
which she has given she got from the
Eng,,shmen one thousand gold pounds
agreeing. while she kept the one tnousanu
pounds, that she would pay thirty go'u
mounds each year. To cay now that she
VIII nav the Englishman In the future
only thirty silver pounds each year. anu
return him at the end only one Thousand
silver pounds. Is the same thing az ~
say she will only pay him iifteen so''
mounds each year and will only return
him at the expiration Of the contract
five hundred gold pounds. This IS spoha-
ton and robbery. VIII 1t justify war!
So far as we know no country has ever
vet gone TO war with another because
the latter would not pay 10 its citizens
or subjects debts due to II.
But II the Post knows what II IS taih-
ing about. IL Is thought by some that we
may have the silver question tried YET
By wage Of battle. in order that nara
knocks as a dernier resort may be used
as the only arguments that can find an
entrance into the head Of free silverite'
But. supposing Great Britain shouio not
accede 70 the wishes Of her citizens VINO
own Guaternala's bonds. and should leaVe
the matter 10 work itself out under the
natural laws Of the case. Guatemala VIII
never succeed i'm coercing the CONNER
clal world to give silver the recognition
she seeks for even if she succeeds IN en-
listing all Of South and Central America
in the cause Silver. as a money metal
except for token money and change -
as dead as iron. a fact which this paper
published two or three days ago proves
this conclusively to any man VINO mas
any mower Of reasoning at all. The fact
is so significant and important that we
repeat II here gentleman in this city
who is interested In silver mine III
Colorado has received a letter within the
last few days from the secretary ana
treasurer Of the mine, enclosing him
check for a quarterly dividend on his
stock at the rate Of 10 per cent year.
In that letter the writer says the mine
can continue to pay the dividend with
silver at sixty cents an ounce at when
price the silver in dollar is worth less
than forty-seven cents. This letter is IN
the room Of the editor Of The Times, and
win be shown TO any one who desires 10
see IL. Discussing this letter with an ad-
vocate Of free silver he said that If the
Government would only stand ready 70
redeem the silver dollar with gold that
would make the whole matter right This
Is undoubtedly true, as is proved by the
fact that we are able to carry in our
currency now such a large amount OF
depreciated silver dollars But the same
would be true if we should make dollars
out Of anything else, out Of iron, FOR IN
stance. or leather. or paper. Why, there
fore. should we select silver as the thing
TO make bad dollars Of? Why not make
them Of paper? If we are going into the
business Of making dollars that are not
dollars there is no need for making them
out Of a thing as expensive as silver
Let us make them out of leather or
paper For if bad dollars are 10 be made
the dollars themselves have nothing to do
with their value: their value comes from
the fact that the Government will always
give gold for them. But when they be-
gin to depreciate from over issue, what
Government could get the gold necessary
to redeem them?