Arizona weekly citizen., 1890-08-30
ABOUT SILVER.
The Probable Future of the White
 Metal Must Reach SI.29.

The importantly advanced and still advancing market price for silver, at tracting wide attention, has served to manifest much absurd confusion of ideas among certain of those who might fair ly be expected to be well informed on this particular topic.
 For instance, thus: "Silver at fifty pence an ounce; New York equivalent, one dollar anG eleven cents" If pen ny is about two cents, why IS it not just an even dollar here?" Or: "One dollar eleven for silverl Is silver 'already at a premium here:"
 London quotations are for English standard silver, which is 925 thousandth fine; New York quotes pure silver, l. G., 1000 thousands fine; and the 24O pence in the pound sterling, at the present
 rate for sight exchange on London, are
 worth 4S9 cents here. Thus an ounce of silver in London, 925 fine, at sod. is for 1000 fine 54.5454d.; which, at 489 cents for 240 pence, is 11l18 cents an ounce, in equivalence, in New York.
 Our standard silver dollar, 900 thou sandths fine, and weighing APE grains Troy, Is composed of 371H grains pure silver and fl grains copper alloy. Our
 
 and per ounce Troy (4S0 grains), PAR, in market, for our silver dollar is said to be attained when the selling price for sil- yer is 100 cents for 3714 grains, l. e., quoted at 1929 cents per ounce. Our Mint limit of price flor Treasury silver purchases under the recently en- acted law, viz: One dollar for 3714 grains is thus S1.2929 per ounce, i. G.: n l ID our standard dollar coin. That this utmost price for our Treasury purchases will shortly become the minimum mar ket price for silver here, and the same be maintained in parity elsewhere, there after, as the result of the execution of this law, we shall, iu our next issue,
 make reasonably plain.-N. '. Mining Record.
 The fight on the silver question is over, at least for the present. The ad- vocates of the white metal have gained, if not all that was desirable about all
 that was essential. Having achieved a substantial victory in the face of a
 strong and we'll organized opposition, 1t will be easy to reach such further legis- lation as may be deemed needful here after The future of silver is now as- sured. There will henceforth be no go ing back on it, nor can its standing ever again be impsrilled.
 The use of silver as a medium of ex-
 change is not only older than that of gold,
 but it serves that end to-day to a larger
 extent than the yellow metal, and it is a
 great satisfaction to know that the
 former IS to be reinstated and hereafter hold the place that, from the earliest his torical times, it has occupied in the monetary system of mankind.
 After what has been accomplished the two royal metals will soon reach parity of value, and standing side by side, the industries and commerce of the nations will be no more disturbed by those financial cyclones that formerly swept
 over the world. prostrating every in-
 terest, and carry devastation and ruin
 before them. The days of wildcat banks and rag currency, such as cursed the country during Jackson and Van Buren times, have passed, never to return. The evil results predicted as likely to attend a return to the free use of silver. having failed to materialize, nothing of the
 kind need now be apprehended.-Min- ing Review.