OCR Text |
Show Ose argument of the uuti silver advocatea is that if the legal tender value is restored to silver, that metal will Hood tho country, and become cheap and common. Mr. Valentine, inhiaaunual precious metal statement, state-ment, shows that during the year 1S77, the enormous sum of $05,000,- 000 in silver waa exported to China, India and the straits, divided aa follows: fol-lows: From Southampton, $S0,SoO,-000; $S0,SoO,-000; from San Francisco, $S, 020,000; fromlMaraeillcs, ?-i.OJ0,000; from Ven. ice, $2,000,000. While tho production of silver ia decreasing throughout the world, JouUiJe of the United S'atca the demand for the molal iu the oast ia constantly increasing. Tha shipments to that region during the year just closed, were larger than those of any previous year. Nearly one-tiftb of tho entiro silver product of the United Statea went to India in 1S77, and this in view of the fact that European countries had demonetized it and thrown upon the market the silver they had been ycara in collecting, col-lecting, argues that it will be most difficult to retain this metal in America. |