OCR Text |
Show that the senate bill assumes the legitimate legiti-mate value of Silver bullion as a foundation founda-tion for metallic currency of the nation, as if the same amount of purchase money was invested in gold bars at their market value; whereas the Windom bill keeps up the old and offensive distinction distinc-tion which makes of silver a commodity instead of absoluto money. So long as this or any other nation, discriminates in its purchases or its issues, ngninst the white metal, so long will a griovous inequality between gold and silver exist. Legislation has degraded silver from its equal if not superior place, when compared with gold. Now let legislation undo its ruinous work of the past, and hasten to relieve not only the producers of silver, but the millions of producers of all classes in the nation by placing both gold and silver as equal factors in the money problem TIIK SII.VKK 1IIIX. In another column will be found the full toxt of the so-called Windom silver bill, approved aud reported to tho house by a majority of the coinage committee. It is a matter of regret that the senate bill, which, the leading silver men of both houses prefer to tho Windom bill, cmnot today be published side by side with the latter iu order that our readers may judge of the comparative merits of each. The senate bill requires the i uichiwa monthly by the secretary of the treasury of $1,500,000 worth of b "vor I u'ii'.n, to be paid for at the market value, in currency of the United Ktatts. The aggregate of the ainual purchase thus made will anount to 501,00X1,000, and of course will result in putting into circulation that amount of legal tender currency. The purchased bullion, with its increasing value, is 1 eld and coined at pleasure, wnile the purc'iasit money is not hedged about with the complications which attend at-tend ti.e special isuo of treasury notes under the Wicdoni bill. It would Eeem |