The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-02-01
AN RELAXATION NECESSARY.

The Mining Record of the .lst inst.
has q very sensible article on the ''Pcsi-
ton Of Silver after the Repeal Of Our
Coinage Law" 1t starts out with the
assertion that it has, ''irom the very out
set Of the discussion Of the silver ques-
ton in this country, always maintained
that silver is doomed, as money metal,
as soon a. the United States gives it the
cold shoulder Though this 10 a self
evident fact, the writer advances nun,er-
Gus arguments To sustain the assertion.
and adds THAT the :lcst natural ulshot
Of throwing down q; the. :suntlct to
Great Britain, ly Il suspension q: our
coinage, would I've the suspension OF the
coinage of silver in British India :" and
lin such a case, with the coinage s,i.;-
pended in the United States and British
India, there would be no market lett for
the current production hut the con-
sumption for manufacturing, and this
would be synonymous Will. the closure
o. all silver mines which are not of the
very richest character" In conclusion
the writer takes the position that. 1--WE
are such III important member in the
family Of nations that ii We should to-
MORROW declare silver as cur only stand
ard OF value, the silver question would
I've ended at once anil our silver crrtiti-
Gates respected in their full Nominal val
H.
III London, Paris, Berlin. Calcutta or
Hong Kong. But such extremes are
not necessary for the present our poll
cy, for the nearer future, j. the faithful
execution Of laws now existing. not only
in letter but in SPIRIT
There j, nothing in the above extracts
from the Record that bi-nletalists cam
not endorse. 1t taktst tie same ground the
MINER las occupied! during its discus
sion OF the silver question. III. MINER
holds that any reduction III the ratio
which silver hears to gold wou!;: work
aereAt injury t" silver producers and
that the repeal of the coinage act would
close nearly all if not ali cur silver
mines in this immediate vicinity. This
is something our thick-hea.lc,i. cotcm-
;~,Hry, the Mtc.-.NO"nta;" cannot un-
t!er-tand. In its issue last evening it
quotes the last clause Of the last para
gra"h in the Rc"o,T article and profess
g. to see u CONFUSING. cla>hilg of att
thority," and then quotes from The
MINER the assertion that 1.-The mere re-
d.wtion Of the ratio which silver hears
to gold from H.! 10 Is: would rob til:
labDring miners "f tA,. Territory ot ha.f
i million dollars during TIE present
year" Just wl,crrthc CONFUSING cl,.s!l-
ing of authority" comes in our some
what nlu.l.l:cd nciY hior fails to make
clear. We might go farther an.! say il.
the ratio between the two metals were
reduced from Ii to .Da much greater
loss would t. iniii"t>d upon the silver
producing industry. "l,:l 80, there would
hc no'c"nti,>ingr !ashin=' oiopini"n he
tween this jinurha!aE,. i.,c Rtr",'tf. There
j. probability ;'!cmn.,,;ary c"n:yren,.
Witch meets III iari.; next April will.
">rn il it should settle the question oi
Internal iOnn' silver coinage. alter the
Ratio" visiting between tho tw" .ncl"!s
i. The nitesl States tOtllc Iii advantage
"t !':is country. 1T present. in America,
The ratio is !Gi" !, in France -. 10 and
III Germany II 10 /. vt the meeting q;
the Conference III Paris las, Year the
r::!i" Of T.: 70 I, aprear,.! t" l." The ia
v"rile one with ali who expressed an
opinion upon Tic >;'',.c'.t. Tho adoption
"f .'Eai ratio would h,nciit Tic United.
states: would make no difference in
France but would ::,jurc Germany.
Now what these r:.:;':<. and the n,u:,c-
i:iTv conf, renee have {" sio viii, villa,
'!:s MIND; i::S :.i.! or Tie T. ,,,... i:a-
said ne. lis cxi.'..;nin.'