The Rutland weekly globe. [volume] (Rutland, Vt.) 1873-1877, 1876-07-28
Especial correspondence OF THE GLoRE.l
LETTER FROM NEVADA.
Brother Brigham-stooks- Silver Prob
lem-Nevada's Resources-The Centennial
Waather
BROTHER BRIGHAM.

| pdbblDB IN DIS CneCbb, DTOtntT DIlBudu
seems to figure pretty conepicuously 10 the
active operations OF life. Indeed, to judge
by the prominence given his name in ttle-
graphic anal other news, one would con-
clude that he was good for another Gen.
tury at least. He has just been beaten in a
civil suit to recover land, which, with the
conviction some time ago in the United
States courts of one OF his followers on q
charge OF bigamy, and other signs of the
times, shows that he Is likely ere long to
have all the work he will want TO attend
to, vigorous as he is, the courts of Utah
being at last out Of his power. His success
In getting Axtell, his plant tool, appointed
governor of New Mexico, and the emigra
ton not long ago of 500 Mormons from
this to that territory, have lent strength to
the silly story of the New York Sun that
there was about to be a general hegira of
Mormons into that territory, and that, If
admitted to the Union, by the time she be-
came state she would be overrun by the
Mormons and be a Mormon state. One
reason given by the Sun, If | remember
in state instead of territory, which is
not true In territory he is in a measure
out of the sisterhood of states, and their
representatives are not as particular about
how Brigham conducts his harems and
things. They are after him hard enough
now, with Poland laws attf gentle juries
How much worse wouldSbe his fix were
Utah state ? The iStnS next reason is
worse yet 1t says the building of the Pa
cifc railroad has placed Salt Lake in such
direct communication with the gentle
world that Brigham wants to 90 to New
| Mexico to get out of the reach OF
civilization. Now New Mexico IL
further out of the world than any other
part of the Union except the regions of the
Black Hills, it is true, bur long years be-
tore Mormon colony could make house,
in that desert which would compare with
what they have done in Salt Lake Ton
Scott will have a railroad through that ter
ritOry. doing a greater business than the
Central Pacific ever will, and bringing to
Arizona and Southern California thousand
of the dissatisfied people of the south, who
are now disguised enough with theii
homes among the Outnumbering ''niggers
but who are not attracted by the cold
northern country opened NJ by the present
overland railroad. Such a constituency a,
would come from those southern states,
with their pockets full of pistols and bowie
knives, would make short work OF suco =
eli.
Brigham and his elders, and he knows 1t
Had the Sun RECALLED US with story of how
Brigham was going over the borders int
Mexico its story could have been swallow
ed more readily, as there IL no danger, a
the present rate Of progress, of his being
overtaken by civilization there during TIE
next hundred years. But the immense
properties and beautifed homes which
many high lights in the Mormon church
have built up out of the Salt Lake are No
to be deserted, even at the comm md OF
the prophet and vice-gerent of God, ant
Brigham owns more property than they
all. lie won't receive any revelation
commanding him To leave such an Immens,
property as is his at Salt Lake, we can res
assured.
STOCKS
|
money has left California streekto look af
ter the unprecedented wheat crop Of tn,
Golden state, which cause will be removed
by October, but more, | think, on accoun
of the great depreciation of the value q
} silver bullion. Bullion has been as low a
forty-seven pence in the London marke
during the past week, which is go Is pe
cent below its staDuald value This o
couTse places a great drawback on the sill
yer mining industry as discount Of twenty
per cent knocks oft all the profit and le ave
mining to be done at a dead lose. MANY
men have been discharged from the NJ
vada mines during the past few weeks, an(
more must follow if silver stays down. Tn,
only dlvidend-payng mines on the Com
stock, the Consolidated Virginia and H.,
California, have fallen in market respect
lively from $S7 t $44 and from 800 to
little more than half that, within few
months. Let silver become the medium o
exchange east of the Rockies. let banks b.
required to deposit silver against their cir
culation, let silver stand behind every lega
tender note, and the mines of Nevada vii
again prosper, and silver will again be, a
before the war, above instead of twenty
per cent below par.
THE SILVER PROBLEM.
Some imagine that if Nevada keeps OF
producing silver at the present rate she viii
glut the whole world in time, and silvc
will depreciate to the value of iron O
other base metals. This Is not SO. Witt
all the increase in production h9re it ha
not compared with the falling eff in othe
countries, making allowance for the in
crease in population of the world. Tn,
silver product of the whole world was no
as much by four millions of dollars las
year as in 1873, and 1890 it was S35 600,
900 against S72 5000 in 1915, so that VI
have none too much silver now, or else tn,
world had too much in 1890 for who will
pretend to say the population of the worlc
has not increased in greater proper
, tons than the silver product. Ado
to this the remembrance tina
as fast as civilization advances, so fas
does the proportion of the worlds popula
who furnish a market for the slve
product increase, and we see there is nj
cause for alarm.
We need borrow no trouble about any
permanent depression in the value of sill
yer bullion. Just now there is depres
sion, and the United States, which is tn,
most interested IN keeping it up, being tn
greatest producer, has driven silver from
al of it's territory but couple of state
here on the Pacific coast, and is trying, b.
= demonetizing II, to drive it even from here
Foreign capitalists, who hold the promise
,, OF the government, redeemable in coin
, promises made when silver was lega
tender with gold-are interested in keeDlnl
a discount on silver, practically raising tn,
value of gold, so long as the United Slatei
declares that silver is not legal tender, be
cause that increases the value of TIN
interest and principal they are gettin!
from this government. As silver wa
legal money when the United State
issued the promises to pay money, she ha