Mr. STEWART. But I will state that I i think that every dollar of gold that is taken out costs on the average about one.dollar, and perhaps a little more. Now, I will answer the I question of the Senfrom Iowa. I thought i 1 made that point clear before. A dollar's I do not think I made worth of old will buy just as much of any urticle as a ollar’s worth of wheat; it is just as good to send to Europe as an export as a dollar’s worth of wheat. Itsimniediate effect is just the same as a dollar’s worth of anything else. But it has another office which is mutat more important to this country in view of its nationol debt. If we could just double the amount of metallic currency we should double the estimated value of all i operty. Then, instead of our property being estimated at $16,000,000,000, it. would be estimated at $32,000,000,000 at. once, because then there would be just twice as much gold in the country to buy with, and things would be twice as cheap; property would represent. twice as much. This would be the etfect of doubling the mctallic currency. Then, instead of your public debt being 20%. of the whole property of the country, it would be only 10%. English financiers understand this. They admit that they could not have carried their debt but for the increase of the metallic caron the subject have admitted that they would have been bankrupt but for our discovery of gold. By the expansion of the metallic currency Europe was relieved from the pressure under which she was laboring in 1850, and that saved her from general bankruptcy. That is the conclusion to which the writers on the sub.ject have come. We did not feel its importance at that time, but now we see it very plainly. We have a public debt of $3,000, OU0,000, which is 20%. of the estimated value of our property. If we can double the estimated value of that property in a few vears by fostering this production we shall relieve the whole country and stimulate enterprise everywhere. Our enormous advance during the last 15 years is owing to that cause more than any other, because in these particular localities oor men were willing to go into the mines antPtake their luck. They do not all succeed. Why should we not foster mining? Why should we tax them heavily and cut off those resources which would make as rich and soon make us free from burdens? Because they are beiicfitting us is it a reason why we should pile additional taxes on them? It seems to me the whole of this tax is wrong, but we have to submit to something, I suppose, and I trust at any rate it will not be put higher than, 3%.