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Show WESTERN MINING GAZETTEER. THE SINGLE AND DOUBLE STANDARDS, The ratio of the American mint is sixteen of silver for one of gold, while the ratio of the French mint is fifteen and one-ha- lf of silver for one of gold. If a free coinage of silver were now to be ordered in both countries, it is evident that American silver would at once be exchanged for French gold. Therefore there is no present probability ot the removal oi It is not imthe restriction on mintage in either country. otherprobable that if France were to decide, from necessity or wise, to restore free mintage, a treaty would be promptly be gotiated between the United States and France, establishSo ing the same ratio of silver to gold in both countries. long, however, as F ranee preiers to keep her gold, slm can, rather than exchange it for American silver, she will limit the mintage ef silver until such time as a treaty can be made and difaccepted between and by the two countries. This slight in the two ratios is all that hinders the neference of one-hagotiation of a treaty that will leave both countries to adopt unrestricted coinage. We have all the silver we want from our own mines, and have no desire to obtain what France has got. In fact, our home demand for silver does not come up to the supply. We are not importers of silver at all, but exlf porters rather. for England, Inasmuch as France acted as a clearing-hous- e in the matter of silver, for some sixty years, her present attitude in relation to the remonetization of silver, "is of pivotal interest and importance throughout the commercial world. She restricted, as is well known, the coinage of silver in 1874, and entirely suspended it in 1870. Iler present position may be called one of expectancy rather than that of positiveness. She is naturally willing to see the effect of Germanys demonetization of silver whollyv wrought out. That was substan- tially her announcement when she adopted her existing policy, although there was a feeling not very strongly friendly towards Germany, so soon after the events of the war. Germany had more tliam 100,000,000 of silver to dispose of. In May of last year, a suspension of silver sales was ordered, and since that date the policy of Germany has remained inscrutable. The Parliament openly favors remonetization, though conditionally; and the leading condition involves the action of England. In short, Germany is ready to declare for the restoration of the double standard whenever England is, and that is the same thing substantially as saying that she means to do nothing about it; for England is ingrained in favor of the gold standard for money. The German Parliament goes with Bismarck in the suspension of the sales of silver, and opposes the reduction of the number of silver coins of by the reason to employ them in increasing the number of subsidiary coins. be- Thus the Latin union still continues to watch Germany, it ing content to take no action until she does; while Germany, on her part, professes to be ready to return to bimetallism whenever England will give the word. It is a queer complication of allairs, at best, all growing obviously out of the war, between France and England in 1870. But while all sides wait, England alone resting in comparative satisfaction on her own opinions, trade grows depressed and stagnant in England and Germany both, and the commercial journals and the publicists profess themselves unable to account for it. We can thus see, with sullicient clearness, what the situation in regard to bimetallism is in Europe. France tirst restricted and then suspended her silver coinage because of the demonetization of silver by Germany, and the attempt of the hitter to throw 100,000,01)0 ol that metal upon the market. Next Germany thought lit to suspend her sales of silver; then France concluded to wait and see what the next movement in Germanys policy was to be. Meantime Germany announces her readiness to iollow Englands lead in regard to the re- adoption of the double standard, which may only be intended to delude France ami the Latin Union with the idea that if France were herself to initiate the movement Germany might not herself be disinclined to come into it. But France warily maintains silence, and leaves events to work upon Ger full-tend- er manv, and upon England likewise, the influence which she is assured nothing else will. Now comes in the vital question whether there is a present and prospective supply of gold sullicient for the rapidly into say is creasing needs of the commercial world. It enough in answer to it, that the current yearly production of gold is well known to be scarcely more than sullicient to supply the waste of coinage and the consumption in the arts, mechanism and science. The gold yield, it is well known, is at the present time, a declining one, while it needs not to be said that population, wealth and trade intercourse, are all increasing. The current demands for gold just about take up our surplus coinproduction, leaving nothing to accumulate. Our silver age may be said to release a certain amount of gold coin, but the process is so slow that the result is practically inappreciable. It is certain that the demand for gold is steadily and appreciably gaining on the production of it; so much so that it has become an open question whether it is possible for any new and unexpected gold supply, on however large ji scale, to do more than hold more firmly the ratio between the demand and supply throughout the world. As things now' tend, it hardly seems practicable for Europe to go on in the watch-- , ful, suspicious, and undecided way, many years more. France uses silver, but at a gold valuation; and tliat is simply equivalent to diluting a gold currency with so much silver. The balance of trade against England and the rest of commercial East, is not less than 100,000,-00- 0 Europe, with the silver-usin- g t, that, unless some yearly; and it is almost is again set up as France was for oyer 00 such clearing-hous- e beyears, a general return to the use of the tw'o metals will come an absolute necessity. self-eviden- BULLION SHIPMENTS. The following shipments w'erc made through the companies named, for the week ending September 23: PACIFIC EXPEESS COMPAN Y. One bar Christy One bar Christy Two bars Tintic M. & M. Co Sept. 22. One bar Christy One bar Barbee & Walker Total 40,101.08 WELLS, FA 111 JO Sept. 17. Sept. 18. Sept. 20. Sept. 21. Sept. 22. Sept. 23. 2,417,02 2,308.40 1,810.18 2,433.43 2,420.70 & CO. Two cars Horn Silver F our bars Ontario (estimate) Two cars Horn Silver Ten bars Ontario Four bars Ontario One car Hillside Six bars Ontario Six barr Tintic Four bars Ontario Total mVokxicK 5,000,00 4,500.00 5,000.00 10,002.30 4,400.1 1 2,201.33 0,401.30 2,554.88 5,232.00 40,101.08 & COM PA XV. Sept. 1 7. Four bars Stormont and one car Germania 8,075.00 Sept. 20. Three cars Germania, two cars Morgan and one car Brooks 8,300.00 21. Two cars Germania and one car Stevens. 3,250.00 Sept. Sept. 22. Three cars Germania, one car Brooks, one car Morgan, and one car Germania refined Total Grand total 1 1 t t 12,000.00 Seven cars Frisco, one car Germania and one car Morgan 10,700.00 Sept. 22. i P 50,820.00 t i 114,383.40 i he silver sandstone mines continue to keep up their output. The Stormont and Barbee & Walker have nt mag-miice- already produced the full amount of bullion wdiicli was estimated by the experts to be in their reserves about fourteen months ago, thus fully confirming the accuracy of the reports. JHyinecr and J lining Journal, ! i i: |