The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-08-08
0od' s
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ilton, 1T seems most advisable not to attach the
unit exclusively to either of the metals, because
this can not be done effectually without destroy
ing the office and character of one Of them as
money and reducing it to the situation of mere
merchandise Mr.. Hamilton wisely concludes
that this reduction of either of the metals to
mere merchandise Il gain quote his exact words
would probably be greater evil than occasional
variations in the unit from the fluctuations in
the relative value OF the metals, especially If care
be taken to regulate the proportion between
them, with an eye to their average commercial
value | do not think that this country, hold
ing so vast proportion of the worlds supply OF
silver in its mountains and its mines, can afford
to reduce the metal to the situation of mere
merchandise II silver ceases to be used as
money in Europe and America. the mines OF the
Pacific slope will be closed and dead. Mining
enterprises OF the gigantic scale existing in this
country can not be carried on to provide backs
for mirrors, and to manufacture cream pitchers
and sugar bowls source of incalculable wealth
to this entire country is destroyed the moment
silver is permanently disused as money 1t is for
us to check that tendency and bring the conti-
nent of Europe back to the full recognition of
the value OF the metal as a medium OF exchange.
when we pledged the public creditor in 1870
that our obligations should be paid in the stand
ard coin OF that date, silver bullion was worth in
the London market fraction over GO pence per
ounce its average for the past six months has
been about 81 pence, the price reckoned in gold
in both cases. But the large difference is due in
part to the rise of gold well as to the fall OF sill
YER Allowing for both causes and dividing the
difference. it will be found, in the judgment OF
many of the wisest men in this country, perfectly
safe to issue dollar of 425 grains standard silver
as one that, anticipating the full and legitimate
influence of reconciliation, will equate itself
with the gold dollar, and effectually guard
against the drain OF our gold during the time
necessary for international conference in regard
to the general establishment OF silver as
money. When that general re-establishments shall
be effected with a coinage of fewer grains, the
dollar which am now advocating will not cause
loss or embarrassment to anyone. The miner OF
the ore the owner of the bullion, the holder of
the coin, and the government that issues 1t, will
all in turn be benefited. 1t will yield profit ON
recoinage and will be advantageously employed
in our commercial relations with foreign coun-
tries. Meanwhile it will insure to our laborers
at home full dollars pay for dollars worth OF
work.
81 think we owe this to the American laborer.
Ever since we demonetized the old dollar we
have been running our minis at full speed, coin
ing new silver dollar for the use of the Chinese
cody and the Indian pariah-a dollar containing
420 grains of standard silver, with its superiority
over our ancient dollar ostentatiously engraved
on its reverse side. To these outside barbar-
ians we send this superior dollar, bearing all
our national emblems, our patriotic devices our
pous inscriptions, our goddess of liberty, our dc
iant eagle, our federal unity, our trust in Goo.
This dollar contains ~ grains more silver than
the famous dollar OF our fathers proposed to
be recoined by the pending bill, and more than
four times as many OF these newidollars have
already been coined as ever were coined of all
other silver dollars in the United States. In the
exceptional and abnormal condition of the silver
market now existing throughout the world we
have felt compelled to increase the weight OF the
dollar with which we carry on trade with the
heather nations of Asia. Shall we do less for
the American laborer at home? Nay, shall we
not do little better and little more for those
of our blood and our own Preside?
"The bill which now offer as a substitute for |
the house bill contains three very simple proyis
ions:
II. That the dollar shall contain 425 grains of
standard silver, shall have unlimited coinage |
and be an unlimited legal tender.
"2. That all the profits of coinage shall go to |
the government, and not to the operator in silver
bullion.
"3. That silver dollars or silver bullion, as
sayed and mint stamped may be deposited with |
the assistant treasurer at New York, for which |
coin certificates may be issued, the same in de- |
as United States notes, not below |
$40. and that these shall be redeemable on de- |
mand in coin or bullion.
1--WE shall thus secure paper circulation based |
on an actual deposit of precious metal, giving us
notes as valuable as those of the.bank of England
and doing away at once with the dreaded incon- |
venience OF silver on account oflbulk and weight.
We Recd both gOd and Silrer, and ue can hare both
only By making each the equal Of The Other. would
not be dtcuh TO Show that, in The nations wherC both
hare bcen July recognized and most ,cidey diFused,
hC steadieot and most continuous prosperity has been
true form Of prosperity uhich reaches all
classes, bH Whtch begins with The ddy-ldbOr6r WhOse toll
lays the foundation Of the Oho6 sUperStructre Of |
1ucdHh.'
Feed the Nerves
Upon pure, rich blood and you need not fear
nervous prostraton. Nerves are weak when |