Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-01-11

out concurrent action on the part of
the great commercial nations. would
be equivalent to an adoption OF the
silver standard for all our transactions,
public and private"
Yet 1t is fact, which cannot be truly
denied by Mr.. Aldrich. nor anybody
else, that whatever the commercial
value of demonctized silver, the value
of mintcd silver in this goldmad Con-
gross, government and banks-evident
in the pending bills kept at the ratio
OF 16 to /, while it Is rated higher as
money in all commercial nations, ex-
ccpt England and Canada-France now
being on an actual silver basis at 15h
to /, which sets the price in Continen-
tai Europe, while India and China and
ali the rest OF Asia, whatever their
Flats" to the contrary, are on silver
basis. as is Mexico and all South Amer
ca, where the basis is not mere paper
promises to pay. In 1873, when silver
bullion was demonetized, our gold coin
was mt par and the silver dollar was
at premium of 81 .oi; and in 1884, when
it is said that gold became our stand
ard OF value In spite of law, the United
States reduced the gold in the eagle
($lO) from 27O grains to 25S! the in
creased value thus given the gold bull
lion by decreasing the gold in the
eagle making it the standard Of value;
to let the goldites tell it.
The truth is, howeer. that the United
States from 1902 to this moment has
hcen and is upon the constitutional ba-
sis of coin-gold and silver coin; the
possible, but which is rs real and prac-
tioable as two feet for men, two hands
two eyes, two ears. two nostrils, two
lips. 80 God created man male
and female created lie them" Dualism
not monism, is the law of creation; and
that standard is best for time and
money, which has n compound or COM
pcnsating balance OF two different ma
terials--thc variations of one regulating
the other, ana the resultant bcing IrIorc
itself.
But sec! during the whole 81 years
from the establishing of our mint in
1852, TO the act dcmonctizing silver bull
lion in 1873. though the right OF free and
unlimited coinage of both metals exist
cd throughout the period, only little
over S., 200, 900 in silver dollars was coin
ed. Since 1873 under special acts of
Congress. over $500, 100000 OF standard
silver dollars has been coined at our
lar has not been affected either by the
decentralization OF silver bullion or by
the extraordinary mintage of silver
dollars. or of both together,-except sc
far as the vicious and Illegal co-opera-
ton of the Treasury with the banks
boEdholders and other goldites has
gone. 1t was hoped and expected that
the great mintage OF silver dollars, and
their issue in kind, or certificates,
would glut and disgust the public and
raise n sentiment and outcry against
silver and In favor of gold; but the
experiment has bitterly disappointed
golditc expectation: and now this cur
rency bill is projected to retire the sill
YER dollars or to make them mere to-
kcns, eSchangeable or redeemable in
gold
The result will be the same, II silver
be again made free and unlimited in
coinage Mt l6 to J. or | to 16 Remone-
tized silver will ut once regain it's for
mcr value, not only in the United
states hut everywhere; and all men,
except those interested in gold only and
the contraction of currency, will rejoice
in the abundance OF the money that
answcrcth all things
THE REDUCTION OF SOUTHERN
u EpR ESEN1- a TJON