| Show HE WANTS TO KNOW JOHNSON kane county utah august let lat 1893 editor deseret 81 news if it would not be asking too much I 1 would be pleased if you would civet give through the NEWS the law or of 1873 oa 0 silver also the bland and sherman law and the amount of silver mined annually annual lw in the united states if you do not aeve hav this information at hand your corree correa at washington could obtain it and it would be of great interest to ail an the readers of the NEWS and espee especially 11 1 myself as I 1 wish to know what I 1 am talking about when I 1 talk JOHN W GLAz lax it Is ie a rather widespread request reque ej ture kure enough and while we could corn ply with it in tull lull we do not deera deem tt it proper to do so BO as the laws reque tod would alone occupy to io much space that other and regular matter would have to be omitted fly but when a sub serber or other Is ie candid enough to eay h wants tu to know what he is talking about when he talks we ale aie disposed to assist him lie as far as we hayand win nj therefore compromise matters by div k v I 1 g the substance of the information desired V the law jaw of 1878 commonly known an ae the law was the beginning of the silver question que atlon aalt aa it stands today aud and hm ban stood ever since one 1 because it deprived the white metal of t its ita proper and all ail along place in toe the s financial economy of the country 1 l this thia was wag accomplished by a which made grains or of gold the constituency of the dollar of the lie it to be the standard and the other metal subsidiary this was waa a coni COBB revolution for orovil us t to that the ibe silver dollar was the unit jmj t ut of va values luef being thus toppled fruin from its high pedestal silver naturally fell Is as its enemies hoped and intended to rise no more from being money tt it had bad descended to the plane or merchandise at one fell swoop and fixing fiall its legal tender function at sums oi of 6 or less jess did not help the matter at course this was a 8 species of recognition which failed to recognize in that it put silver in tb the 9 place formerly occupied by copper naturally the actuating along the metal has been fl scale ever since its inherent royal qualities keeping beeping I 1 it t aloof from iron and of law excluding operation tion lead and the pera it it from unrestricted company with its going aud ts to former associate up camink down could not dot be regulated as an other commodities cereby were by the law of and opportunity for the supply demand although driven from reason the home in which it was reared the nobility could not be taken of nature from it so go like Mabo mahometa Ma homets Mets coffin it heaven and earth has hung between creature of the speculator ever since the and the constant stant menace of ahr wealth hoarded boarded interest gatherer and of 1873 and what so 80 much for the law it accomplished in the forty later A few years fourth Congre asunder ader the leadership of beehard P bland baand a member of congress from missouri who occupies tho tb same ame places yet in all respects those and desired to coming who could see contraction io 10 nuances finances as avoid uch such most inevitably produce prod uce colla collapse rallied and by energy and persistence succeeded through a bill providing providina 11 1 getting of coinage for the silver dollars of the weight of 41 grains every month and making limit but them legal tender without standard was not in as the single gold the least disturbed this semi lecog anition of silver was practically unavailing the taint of merchandise still clinging to it and thus the contest was until the thickened pros pres kept up and strong that io a 1890 the sure ore became so 90 law was wag enacted aerman St now ow famous as a compromise measure mea eurea a sop eop to cerberus it directed the secretary of the treasury to purchase ounces ofel of silver lver bullion per month if at the rate of 1 offered so 0 O much was per grains upon which silver in eom redeemable were treasury notes tested it provided that ounces ore ere to be coined into dollars monthly until july after watch only enough to redeem the certificates certin cates was to be coined with kold gold the only standard money of the country and it being obtainable in exchange for silver liver certificates certin cates it Is in easy to observe of the other that not many dollars needed tor for redemption pur time so SG that while silver POW at any WOO was and is 18 steadily accumulating in the treasury trea gury vaults vault gold has steadily been out the spirit of the oum cum brombe being thus and the advocates of the gold standard being provided with an additional argument besides we cannot for the reason stated and lot for the want of time go further back than 1870 in giving our correspondent the information desired as to silver production r 1 the figures stand as follows ol fow s for that and the succeeding years yeara those for not being at hand band 1870 1871 1872 1878 1874 1875 1876 1877 1878 1879 a 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 these figures represent ounces of refined bullion |
