Show MONZY A correspondent writes asking for or what a amount m 0 silver dollars are logal legal tender in tho the united states tho the answer la is for an unlimited amount any man can pay any debt in either silver dollars or la ju treasury notes issued issue on silver bullion it maybe may bo asked then why Is not silver it that la Is the case and what mori more do silver men vant rant tho the answer Is that while tho the government issues those silver dollars and these treasury notes and makes ma ices them unlimited lenders for or debt it at tile tho same time makes gold its only standard and promises to all people who take these silver dollars or treasury notes issued on silver bullion that it will the same on presentation in gold cold that thai Is 19 it will bo be seen scon that the silver dollar and the treasury note issued on silver bullion occupy exactly abo position llon of greenbacks green greeli backs and tor for all practical purposes la in times of peace it would bo be just ns well wall for the gobern to issue more paper as really behind the whole business Is mainly tho the faith of tha cho government and ablong as ions as the faith of that government Is strong enough to redeem its paper on an presentation it does docs not matter whether behind that paper the vaults are filled with silver allver or not and while that silver is a legal tender for all debts that Is not whon when the government was trained framed originally the silver dollar was the unit of 0 value and up to 1853 the silver dollar was treated as money of 0 ultimate redemption any man inart owning silver bullion could take it to the mint and could use his own option whether to havo have it coined into dollars or sell 1 it l of Sl 2329 per afi v sah ET tike talie his pay in fin any money which tho the government had from 1833 1853 to 1873 the government bought silver at tho the standard pric ce e and paid owners in any money they desired whilo while that thai was so and before our government and germany de sliver silver that la 19 took from it its it debt paying power inasmuch asmus it as our hold the ratio of silicon ot of silver to ono ot of gold and as r franco rance hold the tha ratio of fil etoen and a halifi silver tp ip one af pf of goldt gold and ens eng land z still lower ratio tho the silver dollar lo in this call 9 tu as much moru more than ali in goldas gol daa the difference in tho the ratio between france franca and england and the united states hence while very little silver was coined except in tho cho form of 0 token or subsidiary coins dimes quarters or halt half dollars silver was really a 6 more prized metal intal than gold but the moment our government and germany in effect declared that silver was but a commodity not possessing poss eMing an original itsal debt paying power it began at once to draw away from gold the world said if 1 tell fell in fit price in point of tact fact gold appreciated precia ted because gold drew away as much from wheat aud and cotton and corn and everything else as it did from roca silver in 1873 the bland law provided for tile tho purchase of 0 two million ounces per month of silver slid and made of silver a legal tender but at tho the samo same time tile tho government treated silver as simply a commodity and mado made every silver dollar issued redeemable in gold that list Is gold was the only standard hence it continued tp fall it will be at a mighty discount as compared with bold auld until tho the government perhaps two or three governments shall declare that it is a precious metal as much entitled to bo be considered a me measure asuro of values as gold and that the debtor may pay his debts in either metai as ho he pleases Do means meads that the iho government wit withdrew ladrew its recognition from 11 or er as aa a of ultimate end and wado gold cold tile iho only standard and whilo while all silver dollars are now good to pay debts in at the saran same time it Is because they are liko like a check on a bank back or 9 a 0 o of deposit which are accepted at par simply because the owner knows that on presentation lie to will re coh coico 0 o the abo full faco face value for it in bhat over ever form ol of money ho he may do designate I 1 |