Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1879-06-02

NO SILVER LEGISLATION
WANTED.

The "silver men" in Congress, unde-
tered by the partial failure-or rather,
perhaps, encouraged by the partial sue
cess-of former efforts to remonetize their
favorite metal. are againihard at it to
secure the free and unlimited coinage
of the dollar of 412 IL grains. Re The
stake is certainly large one. 1t opens
up magnificent prospect indeed to the
silver interest. If the men who own
mines of inexhaustible richness can for
every eighty odd cents worth of their
product obtain legal tender dollar to
force on helpless public, they have
evidently got hold of an uncommonly
good thing-for themselves.
1t would be an uncommonly good
thing, even if the price of silver remain
ed as it is now. But the indications
are that in no long time the point at
which they are so pertinaciously aiming,
will be able to make much larger per-
centage than at present. The accounts,
we'll substantiated, of the recent silver
discoveries in Colorado, are almost be-
yond belief. both as to the extent of the
the deposits uncovered, and the richness
of the ores. The wonderful "carbonates'
at Leadville, once supposed to be simply
mud, have been found to yield from 40
to 1000 ounces of silver to the ton.
So rich is this ore, and so abundant and
easily mined, that the lower grades are
thrown aside as Improbable, though a
yield of two or three dollars ton pays
in ordinary mining. Enough of this
low grade ore is estimated to be uncov-
cred now to exert sensible influence
upon the price of silver throughout the
world. Ores of great richness are found
in vast quantities in horizontal deposits
no deeper than thirty-fve to one hundred
and thirty-fve feet below the surface
costing only about two dollars ton tt
extract. But at a somewhat greater
depth the ore has proved to be produc
tive beyond anything before imagined.
1t is estimated that the silver produc
ton of this single region will reach a
least $30,000.000 this year. Add tt
this the production of silver in other 10
calities, and to the enormous stock al
ready accumulated in the markets of tn
world, and bearing in mind that tn,
production is destined to continue will
increasing activity year after year, ant
it does not require very capacious hea'
to conceive the probability of glut 0
this metal in the near future that will
even if complete reconciliation be Car
ried, knock the price down a good man
points below the present valuation. /
legal tender silver dollar of 4l2 L.
grains, or of 400 grains, would then be
come to the fortunate owners of mimi
property ''a potentiality of wealth." be
e sides which the famous brewery of MI
Thrale would be as sixpence to fortune
But is the legislation which SO er
riches small class at the expense {
the whole people just or even expedient
8 The silly plea that it would benefit tn
q poor man by making money cheap an
q plenty, has been too often refuted
need attention here. The whole schem
is big with disaster to the nation ;
# large, which cannot afford to launch oil
d again on the uncertain sea Of depr,
is preciated and 6uctuating currency, fl
b the benefit of few owners of "bonanza
Christian Erdminer.