The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-14

ism is the panacea for all our none
try troubles Among other advantages,
that are claimed for this new system
is that it would bring back a sound and
truthful value to both gold and silver.
Each would have Its own value, based
on the weight of the coins either in
gold or IN silver. This would enable
business men to choose one or the
other, according to the varied needs
OF international exchanges. Each
country could give and receive the
money in use within its own borders.
All civilized countries would agree upon
unit of weight and value There
would no longer be any necessity for
deception. The s1,000,000,0Go Of silver
now held by the various nations, and
thus quoted and reported in treasury
reports and in bank balances. would
then be quoted. at its real value.
namely-S500, 5000 in the worlds mar
kets.
1t now almost wholly depends upon
the British Government as to whether
the last barrier shall be removed out
OF the way Of an international Joint
standard or an international agree
ment as to ratio between the two
metals. The United States. France. Hol-
land and the Indian Government have
been ready to unite for this purpose
for some years. And now the German
Government has indicated its readiness
to cooperate for the attainment Of this
most desirable end. This seems to clear
the way for satisfactory and speedy
solution Of this great problem"
That, although not an exactly correct
view, IS quite an advance for
Republican organ at the seat Of gold
ism. It shows tht there is a disposition
10 recede from the monometalHst no.
sr,, ,saI, L., x..I T..
the world of finance. A change OF dom
ination in parties in Great Britain
would remove the barrier which is
spoken of above. and that desirable
END" that it refers to NAV be nearer
Than is imagined.
The advantages of an international
| agreement on this matter will b. in
ternational advantages. There Is no
need for the United States to wait for
that agreement 50 far as our domestic
money is concerned IL the free coinage
Of silver at the present ratio with
gold we're resumed without limit, both
kinds of money would be equal for all
home circulation and monetary uses.
The cry that if our minis were
thrown open to the unlimited coinage
Of silver this country would be
tAooded" with the White metal from
abroad, is very common. but is sim
ply foolish alarm. Can any goldite
tell US where this immense volume Of
silver abroad is to be found? Who has
a hoard of silver more than is needed
for the money demands Of European
nations? Let some one who utetrs the
cry give Us the figures and tell Us the
place from which the silver food is to
come.
Reliable authority shows that there
is no great storage in this country, also
that from 1870 to 1890 the production
of gold ard silver in the United States
has been upon a nearer equality than
at any other twenty years period of
the United States history. From 1900
to 1920 the amount Of silver produced
in the United States was three times
the amount of gold, and no serious
commercial disturbances arose from
this fact. From 1916 to 1853, another
period Of twenty years, the amount Of
gold produced was three times the
amount of silver and the same results
followed. there being no disturbance
in commercial ratios or value; but now
We find from 1870 to 1890. while the
production OF the two metals is upon
an absolute equality at the present
ratio. the greatest fuctuation ever
known in the rise and fall Of coin and
bullion is to be noticed.
Legislation is responsible for the
disparity between the coin and bull
lion prices Of silver. Restore the white
metal to it's former status. and the bull
lion value will and must inevitably
rise to the coin value. If that is done
in this country alone the good effects
will be seen and felt in this country
When an International agreement is
| reached the benefits will be world
| wide. We need not wait. If we remone-
! tie silver we viii be ready to join
with other nations in a general silver
movement If they do not move, we
will be so much ahead.