Show THE IMPENDING CRISIS it if we had bad not become accustomed to it by degrees we would look upon the advices advises anent the financial situation from the east as so many attempts to palter with us ua in a double sense to make us believe that snow enow was salt yesterday and to is powdered chalk to lay the idea of a country being so eo overborne by money that it is ie compelled to arbitrarily drive half of it out of circulation being on the verge of a great 11 financial crisis because of ef a constantly const constricting stringency cyl anti A uil then the words ot 01 the wise acres do not diminish in the least but rather add more mystification to the matter fc ourse mystery as witness their fanatic appeals to headquarters to revise the revision and aad out cut off the os traci sed metal from recognition alto betheil to the plainer more direct and less lesa astute people of the orate erate west went li all looks like bombarding a flery fiery turn furn ce with snowballs like damming a stream with feat liere tiers like nero fiddling while rome borne was burning horace greeley out the gordian knot for the theorizer zem and day bream ore ers when he be said the proper way to resume specie payments was simply to ta resume in the same way and actuated by a similar purpose we bouli say the proper remedy for contraction is expansion pan abslon sion if there jai Is not enough money f in the country to keep business as it is afloat there Js R but one of two things to do let the business go down or lue lucrease rease the volume of currency we do not mean by this to put the lithographing litho graphing presses to work turning out paper issues which would be based upon nothing but In increase creao ittie the quantity of r ady oish cash by perm permitting ing constitutional money already coined and ready for use to be released from the nations vaults and permitted to answer the end of its creation but pay eay the objectors the powers will not accept such coins because they have gold standards and at the conventional value our dollars do not contain a hundred cents worth of metal meta just eol eo and gauged by such methods and things permitted to go goon on as they are even if the coins were increased in we weight abt so that the current standard was reached how long would they remain so ero probably bably as long as it took to make them probably not so 80 long the natural effect of increasing the amount of an article condemned however groundlessly in the market is but to emphasize the condemnation dem nation to still further depreciate its value and finally drive it away altogether but is there any ress reason n founded on accomplished facts and guided by common sense for the conclusion that silver is lose jess valuable now than it ever wat none at all except that it is more plentiful so lis la gold so BO are dla dia monds mond and Band other valuables given up by old mother earth for our welfare ani and enjoyment but it is ie a matter of statistics that the increase in the pro duct of silver has hab no more than kept pace with the increase in traffic be tween nations and the people of the nations if it has indeed done so BO much and another fact that the total amount of gold coin known to be in existence does not equal the whole amount of business busi nesa transactions by millions daily so with gold as aa the only medium whereby balances are settled and rapidly becoming the only medium whereby exchanges of any kind giest or small can be effected is it at all wonderful erfal that we are on the brink oi of a financial Is inq it in fact to be wondered at that the whole civilized world is ia swaying nervously upon the brow of an abyss whose depth and breadth annot donnot now BOW be measured or estimated in his masterly argument on the legal tender act before the united jailed states supreme court in 1863 hon clarkson N pot er made the following point from the first issue of coin by this government to this time the unit of calculation and ol of coinage the silver dollar equal in value to the spanish milled milieu dollar has hap remained the same it remains still ot 01 the iame weight and fine fineness as when first whatever changes have been made nave been made to bring the other coin into actual an i just relation to it I speaking after the manner of western people there to is the word with the bark on OD it when it was saving the nations life silver was the coin by relation to which other coins took form and being now because nature is provident and the mines keep on producing and because there to is more money in it for speculators and schemers silver regulates nothing buys nothing settles nothing is nothing yes we are threatened with a panic is is to be wondered at ai |