The New York herald., 1876-11-08
FINANCIAL and COMMERCIAL.
a Legal Holiday and No
Business.
THE SILVER QUESTION.
Interesting Statistics Concerning the Big Bo-
nanzas-Prices in San Francisco
During the Past Week.
WALL SrREsr. I
T'uwauAv Nov I l27A 1


WALL srsssr.
etAn TUESDAY. Nov. I. lS76
The occurrence or election day the form OF sioss
holiday converts the places ..where merchants most
do congregase" into howling wilderness directs
speculation 70 the ballot box and the pool roOma
Though business suffers Il 10 comioss feel thai the
country being saved shss both parties profess 10
struggle for that end, and know how 70 reach
Il and Will roach II (though there never
has been any danger Of iu gong 10 the
eowwows), notwi.hstandlns The hard names which
have been and ths Biliingssass nduged during
ths Before this printed the result viii
have been known the defeated party viii that
they never expected anything eiss, viii accept the
situation philosophicAlly, with the confssson that
their opponents bad lot after ALL and All
hands wil get to work again bread winning. thankful
that the eruption over with lives loss shs
lava and asnss great sal,on nsariy evenly divided
question OF poiit,cs 10 Not very alarming con.
dilon things when Of greater ,mpors shan
those existing .: present 10 be decided upon and
only the 10 do is is dispute Like the famous
contest between TweedIedum and Tweedlsdss, who
agreed TO have bastle,"t u viii require but modi-
cum OF psace-making between shs political
TO oring about the same resutS a. happened 10 the
above heroes. who 'sQuits forgot shsir qaarre in
bro,her.y reconciliation. We quite unable to
Lave that The blatant politicians entertain the
tame opinion secretly 10 their souls
Presumlng this theory to be irne one, Is not
iitncult to answer che question 70 " what effect
Viii change Of admnissration have upon financial
matterss" Mono, apparently, Tor disturbing cause
based upon political policy will exist No appre
hends further issue OF paper money increase Of
The pubic debt any action which will delay the
steady march toward specie paymentA Political
olatherskitcs may proclaim sush dangers from
.he hustings 10 win votes, but the sober, think.
ng mass Of the people give them crcdence.
surely there 10 doubt enough Of the result OF the cleo
lion TO sound alarm into the Of holders OF the
government debt If there were any real danger. On
he contrary, nnd bonds holding their own,
aud even advancing foreign marts. when the na-
hona credits OF all Europe shaken, and At homo
we 1nd gold doggediy refusing 70 badge from sterco
typed price, Nor tt likely that transfer Of the Ex-
ecutiye into other hands and transmisson OF the
present policy 10 new agents will help us out
Of financial troable& We must put our own
shoulders the wheel sxpec, but little asssIance
from Jove; this by pursuing steadily
he course we have entered upon. We became intoxi
raod with the plethora Of the imcs and get
ting sober under headache Of poverty Hook and soda
water In the guse OF strict economy reduced produc-
tion,a minimum OF imports and maximum Of exports
We may snap fingers both political houses.
The subject OF our silver supply q theme which,
while Interesting, mot entirely familiar
best advised nnanciers and political economists. In
he discussion that has appeared the columns OF
HERALD from time 10 time three causes for
pxCLISE F
have been suggesled-Arst the DEMONSTRATION OF sl-
YER In Germany; sscoud, the diminished demand Tor
SILVER Tor India; third thc reported increase of the
production IN Nevada In relation 10 the last msn-
toned item we'll intormSd corrsspondens in San
Francisco states that desirable dsabuss tho pub.
&c mind OF the impssssen shas The enormous products
the called 'bonanzas' are entirely in silver On
The contrary, he This production little more
ihAn hity per cent, aud shs bsss method OF
ARRIVING AT yKE yAcrs
10 take the Officially reported product OF each mine
on tho constock lode. The actual quantity OF gold
aud Of silver contained in the bullion 10 there shown
Tho Comssock lode Is, far followed, about six
mlcs loug, runnine nearly north and south the
slope Of Mount Davidson. On this lode
1850 some fourteen chimneys "bonanxss'' have
discovered At various depths from tho surface
Tue lowest point reached yet 200 feet Many
these chmneys been worked out except the last
ana greatest process Of developments and EN-.
braced by the California and the Consolidated Virginia
mines. All the mines have reported onic,ally tho
exact proportions Of gold and silver contained in the
bullion that each chimney has produced. Thus the
Imperial which was worked out some years since,
ported the total ycld of the chimney $50 79
OF which ST. so2, ,032 10 gold aud 81 4o4 527 90
silver The Halo and Norcross chimney supplied in
eight years $1LA7o371, Of which 81. $50 s57 81 was
gold Its ncixLbos, the Gould and Curry, contained
sl5 I3o s42 OF which s4,6So.s 500 fold This was
he largest chimney that discovered until in
Crown Point laid open in 1871 That chimney wss
contained in the two mines the Crown Point the
Becher. II Is not yet wholly exhausted. but has
given $4s 2po 7oe Of which s22 sl4 asl gold. The
Consolidated Virginia chimney discovered in 1872
and is now Including tho California 1,1O0 long
and 356 leet wide the broadcast part The ore has
been followed thus far 400 lsct deep
rnE DiREcroR OF THE nrsr
in hts annual report last year estimated this body
$500 O00 00O but left the impression that all
silver The actual product thus far up TO October 1
has been $45. ESQ., 743, Of which $2ll75, ,545 40 was
gold and $24 4s4 10s 30 Is silver For the arst twelve
days Of the present h.eal month tho product Is
ST. 1876 oOo Of which s576,o 900 IL gold II now we COL
late IRON the ofcial reports OF the company
the actual proportions Of gold and silver produced
shall ind that these proportions nearly equal BY
reference tho following table tho facts viii DO ap
parent
Gould 4 Curry, Goid. Siirer
1880 70 1874 ....... t4,sSb,sse 81 slo,s74o45 4s
Hale K Norcross, 't*-
1865 to is7a........ s,Ssa4ss 81 s.s4s s0ls IS
1872 10 ls7A........ as7ssas 90 s.4aa. .'sl 10
lavage,
1861 7.......... l,lo9. .ss2 Is l,7oo,so7 o5
1888 70 isss....... l,0s2,os2 ~ 2,.s4527 90
Empire,
1858 TO 1869. ....... s42,2so o4 ssas72 %