Year: 1877

for the sake of argument, that the remon- citation of silver would add value to our mining products, we have no hesitation m saying that the country could better af-- ford to levy a direct tax.on the people to pay bounty to the silver mines equal to the difference between the current price of silver and the highest 9priee. .it ever attain cd. than it can to derange the currency of the country by remonetizing silver at the present time

 What has already been done toward coining silver may cost the country gold resumption. By the issue of subsidiary silver coins we have furnished ourselves with s'clean and bright" pocket money in place of the fractional notes which we be- fore had, but for that exchange we have raised such doubts as now exist about gold resumption in 1879. To particular ize, if the $4OgO00, 900 bonds winch hase been sold to procure silver had been used to get gold, the Treasury would to-day have gold enough to open it's doors for gold payments, and every form of cuFren. Cy would express gold values as nauch % if every dollar of currency was gold dollar. Many who approved of that measure have awakened to the fact that it meant mis- chief. Many now hold to the opinion that silver dollars can be authorized and be made a limited legal tender. This is pos, sible, ,-of course; but experience leads to the conclusion that there is about the same chance of silver femonetizatiOns if it be encouraged at all, being stopped at the limit of token currency that there is 2 man falling from the top of house will stop in the air. in his descent to the side walk, opposite the third.story windows. The misfortune is, as we have before said. that the large majority of those in favor of the silver dollar want it restored expressly for the purpose of cheating creditors, just as they favored greenbacks when the Fps, per dollar was worth only the fraction of dollar. To them all talk about double standard is pretext: and if an equally plausible pretext for discharging dollar debt with an old copper cent could be de- vised there is reason to believe that they would favor that ''ancient coin of our fathers " If they could have had their way the"dollar of the fnthers" would have been remonetized when it was worth less than eighty cents. If now it should be restored to its former place and the price of silver should advance so as to make it worth 102 to 1O3-as Tn 1873, when it was demonetized-these cheap money advo- cates would find that they had rolled m the dirt for nothing. Their humiliation is, however. of little consequences compar. ed to the misfortunes which would be in- flicted on the country by huctuating metallic currency which it would not be in the power of our government to make sta ble in value.

 Notwithstanding the reports which come from Washington saying that the silver dollar will be remonetized we cannot but believe that there is enough wisdom in Congress to prevent the cOmmittal ot the present 'inopportune time, and that if there is not the President will intervene and save to the country the advantages that belong, in the: present attitude of the commercial nations of the world, to the single gold standard. -Ne,O Fork Etc, ssing Post.