The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-01-13

kindred institutions elsewhere. our
collection would be enriched by con-
tributions of ores and minerals from
every mining State and Territory.
This would soon give basis of great
value for educational purposes, such
as mining and scientific schools for
training our young men IN ali
branches OF mining and metaDurglcal
science.
The mining industries OF the west
contribute annually nearly one humid
red millions of dollars to the wealth OF
the republic. The future OF this vast
industry must exercise controlling
influence in the growth and progress
of the whole Union, and make it
within the next fifty years. the centre
of wealth and power of the civilized
world.
The mining industries of the States
and Territories west OF the Mississippi
river have in the last thirty four
years, produced the vast sum of 3d.
2SO, Al, 1897 in gold and silver. This
enormous sum OF money has been
added to the permanent wealth OF
the country, and given it an impetus
in every branch Of national growth
and material progress, without a
parallel In history. 1t has made our
splendid railroad and telegraph sys-
TENS possible in the last half of the
present century. 1t has opened up q
vast wildernees-with its boundless
resources-to settlement and civil
lizsd uses, that otherwise would have
remained a desolate waste for an
other hundred years.
It is q well>krown fact that Utah
has never given any official aid, or
made any united effort to bring her
mining resources into prominence
before the world, and that other
States and MISUNDERSTANDING no
greater natural resources-have out
stripped her in nearly every branch
of material progress.
Notwithstanding all this, her min
ing interest has made a splendid
showing since 1870.
In the last thirteen years her mines
have produced 50. 150, 900 in gold,
$45, 700, 272 inSsilver, 258. 900 tons of
lead, realizing in the markets of the
sea5oard s23 900. 900, and over 1000
tons OF metallic copper worth in New
York about $500, 900.
These sitems nakei up grand TO-
tai Of ST. ,502.772. since mining be-
came an active industry in Utah thir
teen years ago.
It must be kept in mind THAI $47,-
9S2 .27E of the total output was in gold
and silver-actusl money created
from the crude ores OF our mountains,
while the lead and copper products
were paid for in coin. or its equiva-
lent, amounting to the large sum
| above stated.
Lead and copper do not create
| money in the same sense that gold
and silver do. but they bring money to
the producer in the markets outside
of Utah. in the same way as wheat.
W oil, beef, mutton. hides, coal, salt.
and other merchantable products, and
may be a profitable branch OF in
dustry as long as lead and copper will
bring remunerative prices in the
market Their vslue-like the other
products named depends upon the
question OF demand outside IF Utah.
With gold and silver the case ia en-
tirely different; those metals are real
money, only needing the stamp OF
the mint to make them the legal coin
| of the realm. Their value does not
depend upon the mere questions of
demand or supply, or the fluctuations
OF trade, like otherscommodities; they
have a fixed representative value.
There is no such thing
"a an over.productiop. They
form the life blood of all COM
me,cial transactions among men.
Every dollar in gold and silver that
is dug on. Of our mountains makes it
possible TOR the farmer,th merchant,
| the manufacturer, the mechanic and
the laborer to sell dollars worth OF
whatever be hes Oh hand. independ-
ent OF any outside market whatever.
Every dollar dug on. of cur mines
is dollar absolutely gained to the
permanent wealth of the country. II
al. her silver and gold mines were &C.
lively worked, there would be home
marke. created that would buy all the
surplus food, labor, and manu.ac-
lures of her entire population. In
other words, we could create the
money and the market. for utilizing
her entire productive industry.
When the worlds markets demand
lead, copper: antimony. iron, coal,
salt, gypsum, marble, &c. Utah can
respond to any reasonable demand
made for those articles, for in those
things her resources are boundless.
Bnt during times OF over-aupply,
and general depression in those
branches of trade, the main reliance
of Utah for sustaining her local in
dustries, and general business must
rest upon her gold land silver mines.
for they can create all the money
actually needed to carry en- almost
every branch Of business necesssre to
her steady and permanent growth,
In our judgment, the time has ar
rived when this all-important branch
| of national induetry in Utah should
! reoo;xa Tho cttoption of nrsctinoI h,,s