Democratic Sentinel, Volume 16, Number 22, Rensselaer, Jasper County, 17 June 1892 — Price of Silver. [ARTICLE]

Price of Silver.

A Correspondent asks: What is the lowest price silver has reached? On the 28th of March, 1892, it was worth only 85$ cents an ounce, fine; a decline in nineteen years of 47 cents an ounce, or over 35 percent. Forty years ago England and Portugal were the only European countries which maintained a gold standard. Silver waS really the money of Europe. To-day the situation is reversed. The world’s product of silver for the year 1891 was 143,550,000 ounces, which had a commercial value of $141,827,000, ora coinage value here of $185,600,000. The real value of the silver in our silver, dollar is only about two-thirds its face or legal tender value. The only mints now open to the coinage of silver for individuals are those of India, Japan, Mexico, and a few of the South American States. Fluctuations in the value of silver are an embarrassment to trade.