The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1866-01-13

puoHc meeting held at Magnolia Hall o.
Tuesday evening last:
At that meeting, among others, Mr.. Isaac
made some most appropriate remarks, show
ing that the reducing Of dust as currenc,
to figure below its intrinsic value would
not oblige miners to pay itont at that fgurl
but would be the means, and thatvery quick
", of bringing about the result sought for
that Of introducing plenty Of coin for tn,
general uses of a currency.
Mr. Isaacs also properly recommended the
signing of an agreement made in such man.
ner as to bind thelsigners thereof, and thereto
attached to be- such a penalty for the viola
ton Of contractas willinsurethe entire safety
cfthe community, when the reduction takes
place, against any who might feel disposed
not toiive up to their promises. ~
If the whole community will consider this
subject a moment, it is the plainest thing
imaginable that dust should be an article of
produce, understandable in the market at its
coin value luF
The mere reducing its currentyaIue to $l4
per ounce or SO per ounce win not cause
Wells, Fargo Co. or any other dealers in
coin to pay any less for it than its real value,
say if you please $l4,5 or SIS or SIS. Bat
it will cauae those who have dust on hand to.
either have il assayed BY a competent assay
er, or to send tito mint, or to aell it for ready
cash for what it will bring. Ag#
What dust will bring WILL In very few
weeks approximate whatit is worth no more
time is required to regulate that matter than
is necessary to let other gold coin dealers
know that we are prepared to sell our dust.
Wells, Fargo Co. can furnish US enough
coin in six weeks to buy ali the dust in the
Territory, and those who would accuse them
Of wishing to make large profit upon it do
not understand nor appreciate their safe plan
of doing business, They do not even dare,
consulting their own safety against opposition
dealers, to offer less for gold than they can
afford. They are able and willing to give as
much for it as any body; and their facilities
are complete.
Whatthere is wanting to finish this great
reform is for merchants and traders to bind
themselves not to receive gold dust at a.
GREATER current rate than $l4 per ounce. If
you say SIS per ounce, you retain it still as
currency and thus subvert the very object
proposed to be gained We would much
rather see it remain at SIG thanto be reduced
to any figure more than ,$l4,. for the above
reason, which is sufficient in itself, as being
the real cause why we want the change made.
The consequent driving out ola dustcur-
rency and substitution of coin will be one of
thesgreatest benefit to miners that could pos
sibly occur Do they not know that as the
matternow stands they are met at every post
and corner BY Subterfnge & Sand joint part
ners Ia the business Of swindllng miners JUST
ENOUGH to get even on the difference now ex-
lsting between currency and coin? Wevdo
not thlpk8merchants are particularly culpa-
bic for pursuing this little bit of strategy, be-
cause The miners working and standing in
theIr own light, long since forced them into
such line of conduct. s.r
But now they are tired of it, and hold out
the olive branch of peace to the miner and
tell him plainly if you;wil submit, to q coin
currency we will deal on the square with you
The packers have already adopted it. No
longer can we pay them off in dustat its pre-
sent value. They demand coin OF gold bars
and must have it. Wells, Fargo 4 Co. have
always demanded. it and got it.. They never
have pretended even TO submit to our impo-
sition of demanding sixteen dollars per. ounce
for dust. -
We hope to- see a great degree Of common
sense exhibited at the meeting to take place.
onthe evening Of the goth inst, at the Mag.
nQlia Hotelti toasee a unanimity of feeling
upon this important matter, and lastly, to
see the merchants and traders of Idaho City
bind themselves not to receiYe dnst.a cur
rency at over $I4, 90 per ounce from anybody
and If tH9y win DO HAT and lire up to ftfOr
six weeks there never eyer viii thereafter belany
more trouble ip q., the Boise Basin on this ques-
tiop. oe8a eli BstfaH hae 5liadH
We earnestly suggest that the citizens Of
Pioneer City, PiacerVille,I Boise City Al d
Cen4or.;ila y 4 y = ~