Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1889-08-17
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NKxT CaNGRENs


that eorrespoodssos be esDosssrzsed
The fact that be v.s ssIl posted regard
ing the natter be vas handling. VIZ
The ulvsr questioa- We have heard
uoshinz fron Mr.. Misbels Ssss. Enta
ve r.s seross the following eo71sales-
tion addressed to the editor q the
Silver Dollar. II the stsssnsnts pat
forth IN that article ars hR<sd
% . sohd fosndAtios. and ne ksEs no
dczbs they are. il Is high tins ne sh0sd
make some effort q avert the threat
ensd disaster which awaits "a Fnn
the sign. Of the times the zoli mono
metallists are working Ike beavers 70
crEsh the price Of silver stl lower.
The note Of warning CONES iron eminent
sources. In order that the SESTrSus
readers may be made fuIly aware Of tie
scheme that is on foot. re ~rsProdaes
Mr.. Miehels' eommuuicsfion entire. -
follows:
wAsmxsroS. Jsly .. lSse.
To the Editor Of the Silver Dollar: A
little over two months from nov Con
gress viii meet. Among other import
ant measnres. that Of silver viil be
taken up. How far are ws prepared to
meet the question which must naturally
arise So far a. I can zee, mastery H.
activity reigns supremely here and al
over the silver producing States and
Territories.
The gold mono-metsllists are actively
preparing themselves for an aggressive
campaign. Their main source OF attack
will be the reported low cost Of prolae-
ton OF silver a. stated in the British
Commission report by Professor Austen.
namely: lowest FIVE cents and highes:
f~orty-eight cents per fine ounce. or at an
average Of forty cents per ounce. NEXT
will be the report Of the presen;
Director Of the United States Mint. DR..
Kimball, which gives as an average the
cost of production OF fine silver In thi:
country at ffty-two cents. Here We
have two authorities. DR.. KimbAll and
Professor Austen. The Professor shield,
himself by giving his authority, Mr.
Buchanan. President Of the Colorado
Silver Alliance. tsee page 67 Of British
Commission Reportl. So far all attacks
on silver have come from the opposition.
the gold mono metallists. and the pub
lie naturally understood the source where
they originated from. believing bat lit
tie; but now the case is different;
President Of q colorado Silver ALI
ance" is given as authority, and the
public must, in consequence, give SOM
credence to it, for, apparently, the
source is that Of q supposed friend o.
silver, and in this our greatest danger
lies. The bankers will hold their annua'
convention next month, and / an sredi-
bly, informed will use Mr.. Austin-Bu'
chan and Mr.. Kimball's statements
forty to ffty.two cents - the average
cost Of the produstion Of fine silver
with damaging effect against us silvei
men Ever since January last when tbs
United States Senate and House ordered
the reprint Of Mr.. Austen's statement,
have labored incessantly TO arouse thu
friends Of silver to their impending dan.
ger; but 90 far, I regret to state, they
have not needed the warning.
Already, the New York Daily Press
Presiden. Hsrrison's and Secretary Win
dom's organ. has commsncsd . system
alto attack upon the silver certificates
now in circulation. The argument Ad
vanced IL that ct the low price OF pro
duction, a. low as FIVE cents per ounc'
and not higher than ffsy.two cents pei
ounce. the present silver dollar 10 hardly
worth more than thirty.fvs cents, ant
thus silver - security for the certificates
inadequate and as 9 currency undssira
BILE. II wants but very little % Il
poison the minds Of the people, ant
panic.like will they refuse the silver GER
tiicates. By this time we ought to hav.
prepared . true statement a. TO the act
ual cost Of production Of silver, giver
facts and figures which have proven thai
twice fity.two cents 10 more likely th,
cost Of production Of silver 10 the United
States. But alasi the silver men ar'
either discouraged or they are gambling
with fate and are inviting defeat ant
still greater loss to themselves.
The Bureau of Statistics has issued
it's statement for the fiscal year ending
June 80. 1889. and the result shows thai
we have exported during that periot
$50. 952, 2S5 in gold bullion and coin
calling at the same time the attention Il
the most damaging fact. that never sinc'
1854. . period of . quarter Of 9 century
has there been such . heavy export o
gold from this country as now.
The people stood by us silver men a
long as they thought it cost at least I
dollar an ounce to produce an ounce o.
silver; batnow when they are told upor
authority Of the President Of q Colorado
Silver Alliance that the average cost Il
only 40 cents they commence to lose
e~onfdercs In silver as 8 money metal.
The next Congress will decide the fate
Of silver; no time should be lost tc
bring the silver question to = successful
issue; we can do it il we unite and use