The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1898-10-22
gold standard does not mean that sill.

yer as uOuSH Will OS dD1uuOucu, uOi
does any one contemplate its disuse a.
money for general circulation. Ia
fact as subsidiary coin to GOLD
standard, it is absolutely necessary q:
money of exchange in small trans
actions, and will never be abandoned
unless metal shall hereafter be found
better adapted to such use. A limited
quantity of silver coin to an extent
that will meet the demands of business
can be maintained in circulation
though the commercial value OF the
metal may be much less than the nomi
nal value of The coin, just as the
nickel and copper coins are now, and
used since 1853. The time was when
the production of silver and gold was
limited, when it varied but little In
OF gold in California was the beginping
remarkable for the enormous produc.
ton of that metal, through subtequent
discoveries in all quarters of the world.
Gold had several years before 1860 be.
come the money standard of this gov
ernment in its own transactions ufIts
payments were made principally in
payments. Even at that time the
sentiment in the commercial world
else where, was te enaing toward single
| money standard. With the enormous
increase in silver production. it is not
probable that any nation which hae
abandoned it as q money standard will
again open its lnints to free coinage
of that metal. II Is folly to say that
''unless the policy of our government
is changed there will never he an
ounce of newly mined silver
coined" The business necessity of all
countries demands the coinage of
silver for use in general daily business
transactions where small sums are in-
volved. And this government as we'll
as all other gold standard nations, with
continue to coin silver as subsidiary
to gold, limited to the demands, OF
business of the nation. None need be
distressed from the fact that silver will
disappear as a mouey coin for circula-
tion.-Walla Walla Union. 81
The above is the Walla Walla
Unions reply TO an editorial in the
Times-Mountaineer. 1t is pitiful to
behold the blindness Of those who will
not see. In the article quoted 1t Is
plain that in the opinion of the Union
the very thing has happened that it;
denies. According to it, silver is to
be money metal like copper and
nickel. No one ever thinks of copper |
and nickel as money metals. In class
Ing silver with them, the Union con-
fesses what it attempts to deny.
We are firmly of the opinion that /
the restoration of silver as a money
free mintage privileges is |
a matter Of the gravest Importance to
the American people. We are further
more of the opinion that the people
are hoodwinked by the high sounding
phrases of the advocates Of the single
gold theory. The Union advocates
the single gold money. but shows by
the above clipping that it is afraid to
face the issue and its inevitable result |
Here are just two propositions for the
Unions consideration.
Copper and nickel are not money
metals. Their use as money is infinit-
ssmal.
II silver Is to be used rs copper and
silver coins are used solely as token
It's use must logically 0.
abandoned altogether. For whaI
'ane man will advocate that the gov
of the United States shall pa,
Is cents for piece of metal to stan,
lpon it what in effect says. "Ihis is
lot dollar; 1t circulates as a dollar
because back Of it is gold:" when a
,iece OF paper can fll the require
nents.
The advocates Of free coinage of sill
'er believe that free coinage will make
silver dollar worth gold dollar.
they do not believe there is any in
rinsic value In either gold or silver;
hey believe that the dollar is q crea.
ion. Of legislation and that silver has
'een the victim of adverse legislation:i
hey believe that gold could have been
appreciated by adverse legislation as
veil as silver; they believe that the
estoration of silver as free coinage !,
money metal would bring prosperity
md happiness to our people. In al
hese things they may be mistaken.
,ut it /: belief entertained by some
# the most sincere and disinterested
# our statesmen. One thing they do
,now and that is that the ultimate
lin Of the bankers and plutocrats Is to
destroy silver as a nouey
petal.