| Show SILVER twenty beus E lace when han califor ais ai gold discoveries had bail fully 16 t rort atif pallid oct get in imong among the governments of w nc ca tern europe to lo a lesser extent iu in 1 KoR gland liDd and aai more modified io in the united Sta setta tili the quest question iod which hichi presented luel itie wu was the probable change id n adib the vilua value of gold consequent upon tho the in created it wi supposed Bup posed g 11 ditth in relation taia D other commodities gold would have a lower value tilda that i s tw s perpetual ua tied 0 in o annuity tono ity or it 1 revenue from government stocks eto cli or i a ground rent would gradually dimin ith fell in real value so 0 o that the recipient of say eay 1090 per gradually gt get fesa ebia tod and lest for or the monty meacy as u its III abiog I 1 power d immis boo most appointed commis conicia lionora to investigate the matter the united states the salat all 1 il of n h mide made gold alone a leial legal tender leader the french did tb the a some but holland under the sidan that 1111 1 if 9 gold 0 aa alone was produced r 0 I 1 u c e I 1 I 1 i ill 91 greater 1 1 4 quantities ti ties it wo would pa joao it its relative aaltio but that silver would maintain its ita pogi position tion adhered to sil oil yet ter alfoncas al oncas oneas the standard by which permanent incomes would retain heir purchasing power ever that lor for the first crat ten years or of gold production here aided by australia gold did not much deteriorate in value and its it belati ito silver 15 I 1 to 1 W not t changed in ij the thai last ten year orl be bevert si a change hoa has taken place not in respect to silver bilter but in relation to commodities and the fact shows chows itself in greatly increased over over the lh world it II is estimated that in E 4 now nov is not more than equal to 3 ten years since anthe on the bontin oft drope the change chai ig is I 1 till greater and still me more rein in australia and the united states but throughout india the purchasing jower power of money still greater reduction redaction A an u important element of althis this change in tho the last ten jaari years I 1 lias as been the united states far war when the tha war broke out there ros in circulation cire in E bank ank notes rod and in gold coin in there i now i circulation 67 of dijer pap epta money oney and I 1 little 1 it tle or no con com the latter has passed oil into the markets of the world greatly increasing the supply up ply JAL the s Bamo mo time thoro there was wag I 1 a great reduction a tion in in I 1 the in quantity of commodities produced cc d cotton tobacco I 1 tied ricci manufactures etc of the first first article india became the source of ef supply and silver poured out of kurbec profusely into tho the india mara mar act et for raw commodities red and for railroad reconstruction so glutting it if that english official reports show that he hc natives datives natives used the silver for wagon tires tirca and other unusual j purposes the kold gold of the united states and ana am tra lismore than up lied caused Vii by sending ending tu tho to india distend and a rapid decline in be purchasing power of money has haj taken place such a moment is the favorable one for or a return to specie payments la in the united states slates alto to oil call in tho the superfluous s paper money and substitute the coin but there ara no signs as yet of such a consummation the prospect now is of a reflux from jhc thc india market and from chins china while the production of silver on this coast promises to brigl rital that hat of gold A london fin financial ancia ind authority stati blates cot relation in ioD to the indian ja flow ot of s silver il 1 the reader fr from or t this h i his own for far it itis s be undeniable a eni th thai atIlia the yield of silver ia rapidly increasing on oa the Pric pacific ifie slope and soon will attain to such dimensions thail that there will jbea hoist in the value of the metal the broad I 1 rule ought therefore to be kept in view that a 1 I fixed income is less desirable than an income lacome derived from real estate or industrial for forat it undergoes a diminution in id Us its purchasing power through a constant if slow alow process which chic h must I 1 however be felt severely at al atthe the end of ten or twelve years JL without as seating beating to the he ful of I 1 this proposition poi since there will no doubt be a restored eo d activity its in tho the product ioa of commodities which will wild compensate for the increase inc reiso of the precious and a ethil ibria w ther ls no doubt but part california injo is to play I 1 in in tile the W world elds bo boyat mor imported import aD io in the abe future than ia the past 11 |
