Mohave County miner., 1894-06-16
Sluer Turn.

ssscs NfHs
After the tariff question is settled the
next great issue that will demand At
tention will be the restoration of alive,
TO its place AZ money. For twenty years
the silver question has been treated az
secondary TO other polite Il topics, and
the result has been that while promises
have been lavished in every campaign,
nothing, and worse than nothing, has
been accomplished.
Before long there will 90 an end of
these utilities. Silver will come to the
front, and the question OF its proper dis
position will be taken up with an ensr-
getic determination to find solution.
The Missouri Democrats have lead the
way toward union of reasonable men
for practicable action on this subject.
Ceasing to beat their heads against a
stone wall by demanding that the United
States shall perform impossibilities, and
recognizing at the same time that there
can be no bimetallism worth having
without free coinage, which is the main
spring OF the bimetsllic machine, they
call for free coinage, but under such con.
ditions as will recognize the facts of com.
merce.
The situation with which our lepisla.
tors will have to deal when they make
an honest attempt to end the existing
financial anarchy is this The value of
silver in relation to gold has been unduly
depressed (or that Of gold in relation |
10 silver unduly raised) bv twenty years
OF one sided legislation all over the world. |
The United States alone cannot restore
the ratio OF l51a to is to / without the
help OF the principal nations Of Cont.
mental Europe, and those nations are ia.
disposed to move without the co-opera-
ton Of England. We believe that il
would be perfectly safe to leave England
out, but as the countries whose assistance
10 essential to rs do not think 90, an in
ternstional agreement will apparently
have to wait for the conversion Of the
sluggish British mind.
But while we could not safely open
our mints to the free coinage OF silver at
the old ratio without an assurance that
foreign nations would refrain from pour.
Ing their accumulated stocks upon us, we
could undoubtedly maintain free coinage
1t ratio considerably better than the ,
one now prevailing in the market. We
could probably accept silver alone at the
ratio Of about 80 cents an ounce, or at ,
about 30 with the help OF India, which
We could almost certainly get. The trou- |
Die about such q step would be that il |
would irrevocably end the hope of re. |
'toring the conditions that prevsilei be-
ore 1873, which would be within easy q
each II We could secure an internatio onal q
agreement. II would mean the estab- |
ishment OF q new and stable parity, Il
widely differing from the old one, but 9
Indefinitely better, nevertheless, than the
'resent contracting single standard. s
We think, therefore, that when this
ountry takes hold Of the silver question
q earnest, which we hope will be within !.
year, and which certainly cannot be
taved off beyond the next presidential !.
lection, it will make one last, deter.
mined effort to secure an international
greement for free coinage at the ratio of :
on or Is to 1. Failing in that It will q
'otify the world that within q certain
peci6ed time it will resume free coinage :,
Independently at such ratio as 1t de.
ides. after careful calculation, to be :
racticable. After that the "limping- :
tandsrd" countries Of Europe will be :
sit with permanently deprecated
o'nsge on their hands. and they NAV
ecide, in contemplating this prospect, :.
nat it will be best for them TO join with : ::
9 before ii is too olate.-Examiner. .