Show ° i t 3i i SILVIK IIIJUION l i i Silver bullion lion reached tho tones J r I point on record I in Now York anil Lot don In Now York Saturday silver bard 1000 fino wcr + quoted nlOS cents per I t onnce and in London bullion 15 fine I n wan quoted at 45 yenta per ounce In ° i1 1870 sliver bullion nan juotrd in Ihe J London market At IGJf ponce per ounce very nearly ai low as it non is This 1 + state of things prompts tho Wlnnpniucc i Sifter Stale which by 1 tho way is ono ot tho ablest Democratic exchanges sty tjji rcceho to remark Tlio assay Iluo al of silver that la tlio vuluo at whilll 1 nitre is equal to gold is fl2 I + A t per ounce for sliver 1000 lino or fll 0 ti per ounce for bUndanl dills that l y 4 in silver 000 Due Consequently who a bur allver 1000 flno sells at 03 tents po ounce in New York tho price is 31 canto tt 4 9 per ounce lets than tho intrinsic or assu y i value of tho meta As this loss has to i bo borne by the producer oven when ho Ii sells his bullion to the Government to bs i u I coined into standard dollars tho jireton outlook is ery dlwourutslnu for iiiiners I London biolers aiu permitted to tix tho a price of bullion produced In tho United S + Stated and as they find it profitable inconsequence t in-consequence of their bode with India + I r whorl sliver Is the standard of alui > lo i make it as cheap as possible llio prlco of the metal is constantly declining The i c United States lion tho greatest silver ly producing country in the world permits r f I Hnglaud to ip ulale tho prim of the j 11 I r IJ 1I tl e b metal and Instead of encouraging tlio development of Ha mines by coining ell > or tree pays only the Ix > ndon price for the bullion which It coins Into dollars which are n legal tender t for nil debts public and private At the present prlcu of slher the Go eminent makes a profit of at lens 25 > per cent on its coinage and Instead of re Etrittlng that coinngo to the minimum allowed by Inw it ought to coin the maximum of 1000000 per month and give bullion producers tho benefit of tho incren ° ed demand as it would have n tendency to advance tho prico of bullion AH the fiber dollar will now purchaso more of ovorjthing except gold than it dltl twenty jcars ago ss hon sitter bullion old at a premium ovcrlli alloyed value no ono love tho untaxed bonilholder objects to Its general circulation and ns the Secretary of the Treasury Is authored author-ed by law to lmo 4000000 of such dollars coined monthly ho should in Iho preent criiK exercise that authority In the interest not only of piles miners but of all tho great Indttitries of tho country ns plenty of legal tender money will make work for the factories ai well ni for tho millers |