The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-12-21
THE ORE PRODUCERS.
They Will Make a Strong Fight
Fer the White Metal.
RINGING RESOLUTIONS ADOPTED.
Money to be Raised to Help the Cause In Wash
ington-Utah Will DO Her
Share.

meeting last night at the Office of Baskin
& Van Horne, for the purpose of consider
ing the silver question and trausacting
such Other business as might come before
it. President w. F. james aud Secretary
w. j. Van Horne and a number Of the rep
resentative ore producers Of the territory
were present. The silver question was
discussed at ie n 9Th and the sense of the
meeting was embodied in the following
resolution, which were adopted and ordered
to be sent to the Senators and other prom
inent officials in Washington, including the
silver committee, and those interested in
the subject elsewhere:
WHEREAS, The present laws of the United
States, providing for the use of silver for money
purposes, have been and are being used for the
purpose OF speculation and the importation of
foreign silver. aud
WHEREAS, The present limited purchase of
silver for such money purposes by the United
States does not fully absorb the product of the
American mines, thereby leaving a surplus on
the market.which can be and is used nd..mauip-
ulated for speculative purposes to the detri-
ment OF the money markets of the country and
WHEREAS The purchase of the whole pro-
duct of American mines would obylate all these
difficulties and put an end to speculation in
silver in the United States. Now, therefore
be it
ReSol0ed, That We citizens of the United
States. engaged in the production Of silver, and
interested in seeing the condition of the money
markets of our country improved. respectfully
ask and urge the Cong ress and President of the
| United States to pass law providing that all
| silver produced By tle mines of the United
States be used for money purposes as now pro-
| vided by law, and
| ResOlUed That if such law cannot be passed
we respectfully request that, in lieu thereof, the
| limit Of treasury purchases Of silver for use as
money, now fixed by the laws at 1000 ounces
per month, be raised to 6,0Oooo0 per month or
| so much thereof as may be offered, to be pur-
chased only out OF the silver product of the
mines OF the United States
| VIM. f. JAMES, President.
W. G. VAN HORN, Secretary.
The forming of an organization for the
purpose of protection against trusts, com
binations among shelters and oppressive
freight rates was suggested and met with
general favor. The ideas of various speakers
are incorporated in the following resolu-
tons, which were unanimously adopted
and a copy ordered to be sent to each min
ing center in the United States and to all
the leading men interested in ore produc-
ton, asking their CO operation in carrying
out the plans suggested
Whereas, The finished product of the mines
is handled and manipulated by combinations of
capital, which dictate to our ore producers the
prices at which they shall sell their ore, and
Whereas, By the rules of the exchange, they
can make ana have made low quotations for
lead while the actual sales of that metal were
made at much higher price in lots less than
fifty tons, and
Whereas, An association of the men who pro-
duce ore, acting unitedly can meet such combi-
nations on their own ground which can not be
done by single producers. Now, therefore, be 1t
| Resolved, That the miners of Utah advocate
| the formation of close association which
shall control the sale of ores and obtain favor
able rates OF shipment from transportation
companies and low reduction charges from re.
duction works and take part in fixing the quo
tationS for the metals they produce, and do
| hereby themselves
tion.
Resolved, That we urge upon the producers
of other states and territories the formation OF
like close association and the meeting of these
associations into central bureau which shall
be composed of representatives of such associa
tions- WIN. F. JAMES, Prest.
w. G. VANHoRNE Secy.
While the meeting was in session the
following telegram was received
WAsHNGToNsD. c., Dec 10, 1890.
R. c. Chambers:
Silver committee needs 5000. If Utah viii
contribute $1,000, can get equal amount from
Nevada and Montana. Much work required
now. Telegraph care of national committe,
whether we can rely upon you: = >,u
The benefits which have already been
derived by the ore producers of the country
from the labOrs OF the silver COMMITTEES
were fully discussed and committee ap.
pointed to raise the amount. A subscrlp
ton paper was circulated and Il. T.. Cham
bers headed the list with $500. The
committee will telegraph in reply to tn,
telegram that the funds will be forthcom
} ng.
n. Treweek then suggested the idea O.
! establishing mining bureau, which would
be of great benefit to the mining interest il
general. Among other things which would
be accomplished by such bureau would b,
the development OF many mines which now
/ are dormant. He spoke of the many fine
r prospects which were in the hands of tn,
l prospector who discovered them, and were
unable to work them on account of q lacl
, of funds. 1t was his idea to go through
the east and induce men of limited means
who now had their money in savings banks
; on small interest, to place theil
. funds in the hands Of the min
ing bureau, which would give then
an interest In the bureau. The money 8,
/. secured was to be invested in the develop
ment of some of the best property which
could be obtained and which would b.
passed upon by reliable experts appointed
by the bureau. Of course there would be
/. little more risk in this investment than il
! the savings bank, but he thought Their
were many men who would gladly take tn,
: additional risk involved with the chanc
of much larger proceeds, if they wer
satisfied that the bureau was reliable in
stitution. No definite action was taken il
the matter but number of favorable com
ments were heard
The meeting then adjourned subject Il
the call Of the president
The Union Pacific Mining Company.