Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-05-23

NHIuts luU lHUN 1s iunumufuNuuHiUI8 O.
my mind, because 1 cannot conceive
how Il 10 UO stole 90 nave tvs different
legal and authoritative m,asurct uf the
same thing in usu ~ the came time,
pound Weighing lG ounces nuI
pound weighing s. ounces both do.
Glazed by law ir.al pounds. Instead
OF uIng both x Ji1 nud slivgr W. we un
now To- larger amounts than over Uu.
fore iu our history, we should Instantly
'Npul the moro valuable metal from
the country and make the Other the
solo basis 90 our currency We ggH
now ufuetCAl Embellishments utu ui
both metals us money; NE Should have
thrl practical ul-mUiallism-inU
uue oil only one metal We money The
.s % conclusion based uu nutH rttaU-
lnAeI by the experience Ji all uaJsus
iu all agea.
WHAT the rRor1.ITIDS ANDusIs 40.
10 be- proposed tnot the umloi
States without tho ug.g. rfauUn or us-
aFtnuCc OF any other government,
Huull provide uy law tuNt oil the silver
bullion, Ur lui,Igu silver Cgi8s, pre-
scented 90 tbv Mats ~ individuals Ug
gJlYuraiiYIr, foreign Ur domestic, shall
lu comet, Us tho public expense, into
silver dollars, 90 th. Ia Boz Ul Oh o. I
with g5lI uHg that luu coils Zoo made 10
the public tNHruse shalI to delivered
t1 the owners % tho bullion, or foreign
oliver coins, us thu Chtt uIHE nr, aud
nII iha people U, tHU DuHrI aUtHa. Iul
nobody elise, tuall he compelled uy .IW
600 r,UuIva iuumas IuI'Au 10 ul ylIuu.
lu the EyWuIt ui debts Luu DO ilrm
from IuuIr own follow citizens ami
ifUm che UIi..aas Ug subjects 90 other
CUunUirH no BE- not uIUpuHsI tina.
sUr g,ul'ns Is rIJrclI ~ otbr.
rUuutluu, with whom yur people trade,
shall o. compelled Go receive ,Ugy
silver dollars iu thr.r transactions win
a., because tuRt eau bH done only uy
International ugr .mruii suI .ur im.
patient fee COINAGE 'luaIB declare
their determination 90 Proceed
ut once Independently OF Ui
other guv0tumput.. AN who uru
Iu4ruitu oua orc, thUf i.r., iD have
the privilege 10 paying IJ HIIH.g while
ull LOO whom wu aIHlI bee BOO d. iuNtHl
uTu o. have tly privilege % gaIu.uus
us Co Jay iu SOLD
lyow Ug.uI0l s that alter vu
have passed. certain limit tuH Mgl.
silver uulgW were yllUCl the lee tIty
would boo worth, because the Imitation
i,HrIi wUIiIHUH further diminish lbuir
purchasing pUNUu
AIhuum
Tho attempt 60 coin tho two metal
without lImIt hg 90 amount lusI IuI
legal tender money uad EHuu both go
circulation nt The Huun tnI hes hraa
made uy uarIy uyggy Uiv.sE no nation
iu tus world, ANA has Jailed ln yygfy
one OF tlym England UeaF.uI lu
tAD attempt fec nearly a.u yu4r aud,
uulEiius auiiu Hryrs1 penal statutes
HgliuB. co.. gEpIft.tilu of coins ur lu..
lion. was ut lgst forced tu abandon tue
Cflust and adopt the rugl' tlUilTl .
France, iu ner efforts 90 keep tur coins
OF the two metals be- circulation RL tine
ramu time, changed tIr legal ratio bl.
tween tnunl moro than 100 t,mus 900 %
single century, ami hualV in 1870,
finding Chat gold Was leaving her nuI
that iu tuu y,1rs her ne, Imports of
silver had amounted TO l-1l. ull,UII,
stopped the coinage 90 Irgf teu-
der silvuL mad l8r nineteen
years tho attempt hbs been ab1u-
dUnud in that country, B.tl being
legal tenders, the least valuable uUiu
viii alwnyH be- used ln making pBy.
mants, aud will become tuu m,aIufa ~.
value IN tho exchange VI CJmmHIiliuH.
ami consequently the more vrluu1l-
coin would uu boarded ur suut on. ui
the country into market whore their
f.aI value Will uu TrC9ruzru.
ia8 frtr coinage Uf silver would not
Tor long Umn add anything whatever,
even uUmiusIly, g. uur ltUuE o. money,
ON tho contrary, the immediate effect
uf such policy would be- NUItfnus
ton 90 the extent " fully unu-IliIi OF
our present volume of currency bv tliu
expulsion of about {l.l,uOJ,u lu gold,
ana 10 would take more than htupn
years 10 supply Ne place with silver
dollars, even u our minls coined moth.
inF else.
While the act providing for tho pur.
chase NJ silver bullion sud the issue OF
legal tender treasury uutHiu payment
Tor IL remained ln force, United StuiHs
treasury nO.rH we're Issued 10 the
amount OF :lb5, 900, anu there
were mauy yusplH who believed that
thl- was making a material aud
permanent addition 10 thu volume Of
currency, bur during the same time
tho net oHporIa Of gold from this
county amounted 10 glu5, ilv, AJl, 40
tn.t the real addition " our CIr1ula.
ton accomplished by the Hsut OF
nearly {l5b.OOO,UgO " now notes was
about Hrytwo and a hali million
dollars during % period Of more
than three yrsrs, Tho mere appfChuu-
Sion tnut tuU UuvorUmuu. would uHt
be- able 10 maintain tho parity Of tho
two metals under the policy inaugur-
alrI hy shat act, NOT only dlscrodiigI
tho new treasury nItes themselves, hui
the whole volume OF our currency, aud
gold went out about as fact aB tho nov
notes came lu while, therefore, d. Is
not o. all certain that iFgr cDiugge
would ultimately make any consider.
au,u addition 90 uug circulation, 10 iH
absolutely certain th,t 10 would give
a. deprecated aud hug.unuug cue
ruuCy, auu tho question IL whuInuf the
producers OF uEu1Ttlulr ag,lglus VIII boz
benefited or iuIufuu by bugu result.
The prices " OEpUftulle products are
hNrt in che foreign market where tha
surplus 10 sold, iu the currency VI that
country according 90 liH nominal
value there. Ihu establishment " q
silver standard here could not possibly
iucrpaee tho price OF cotton OF whrgg
Or any other AmeTioln product iu
Liverpool, Paris VI Berlin, whatever
effect It might have ON the nominal
rrIcu iu this country. The only effect
would be that tho exchange would ug
doubled, anu the pound 7itrIiu. ia-
stead OF brlns wUrtl 50. 500 N our cur