OCR Text |
Show THE LONDON NEWS ON SILVER. Tha Drain of Oulil TmL to tha ICatabtlih-luont ICatabtlih-luont of m W hlta Uletnl Ntamianl. Lomidn, Juue 2(i. Tiie Daily News, in its financial article yesterday morning, morn-ing, s.iys that the continued drain of gold ii ora America is gradually tending to the inevitable adoption of a virtual silver standard. Good crops may succeed suc-ceed in recovering a portion of the J 2.000,000 of gold already exported this year, but every year brings it nearer the lime when silver certificates will be forced into circulation. When the chatigu coin's there miijht be a rush for silver, but it is more likely that the silver already coined will snffce for currency purposes wilh paper. Therefore, There-fore, thu iilea of au unlimited new demand de-mand for silver is unwarranted. |