Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1895-04-12
TERMS OF SUBSCRIPTION:
FRIDAY. =
To die Edilnr Of The World:

~ tiit FJtlltT bI Inc w ORD.
Gam this Government so into the free
and unlimited coinage of silver at IA
iio of III To /, while the market or com
mcrcial ratio is nearly 30 to /, and make
the silver dollar worth 100 cents.
4ilfordsvillc. y. G. c. N.R.
The Government Of the United
States. has not and never had the
right TO coin for itself one dollar.
either of gold or silver. BY law,
from 1913 to the present time. the
unit Of value in this country has
hcen the "dollar," and lawful
dollar has been either 4l2.5 grains
at silver or DIS grains Of gold
DOS iine-whcrcVcr that geld or
silver might he, and in Whatever
condition, coined or uncoinrd. The
legal tender dollar of the United
States has been that same amount
Of gold or silver. with The Govern.
ment stamp tostifyinG 10 its weight
and lincucSS, he Government put.
ilhE the stamp ON the metal when
1t was presented hy Il citizen to
he mint for the redemption OF lis
lawful dollar in Il legal tender dol.
lar. There is no such ratio be-
tween the gold and silver of the
world as 3i 10 l. The stock of
gold and silver of the world would
not permit of the coinage Of more
SILVER dollars weighin. 1928 grains
than could hc coined from the
gold of 2j.S grains. Ii YOU will
consult the report of tlle director
"t the mint, or any work giving Of
1irial estimates. Non will find that
the stock of silver in the world
available for monetary use is now,
and has been Ior several hundred
Years, practically 10! to THAT is
20 say l34 times Ike actual weight
of silver to gold, he fluctuations
i'll yearly production making only
minute variation between 15J and
10. When the United States stop
ped redccming its lawful silver
dollars i'll legal tender silver dol.
lars, forcing the European minis
40 do likewise suspend the free
coinage of Silver-this action
threw on the market Il small guam.
tity of uncoined silver. 1t is this
uncoined silver that is quoted at
IS 10 L. All coined silver is AT
least 16 to /. Try and buy some
with gold if You doubt it. This
nncolned silver comprises the in
finitesimal fraction of | per cent
of the silver Of the world. The
bulk Of the SILVER in the world
fully so per cent. of il, is quoted at
10! to !, and cannot be purchased
for less. We have about II pel
cent. of the silver of the world,
coined al lG to /, which cannot be
purchased any cheaper. The DIFF
ference in valne between coined
silver and uncoined silver repre,
sehts the estimated loss of inter
est to the holder Willie awaiting
coinage. When the English mint
postponed redemption OF gold fol-
Two months gold bullion was ONLY
worth 90 cents, while the coin was
worth 81. This represented the loss
oi interest while awaiting coinage
While the minis refuse TO coin sill
Yer, silver bullion must neccssaril,
he worth less than the CON. i
the Treasury should refuse TO re
deem its grcenbacks within yea
after presentation the price woul,
fall instantly TO 81. If the. Gov
eminent announced that it did no
propose to redeem themt the ,pfic,
would fall to go or 80 or, 40. lila
is exactly what has been don,
/, with silver. The Government re
fused to redeem its lawful silve
dollar, and the lawful SILVER dol