Daily independent. [volume] (Elko, Nev.) 188?-1915, 1890-06-09
SILVER AND THE SILVER
CONVENTION.
(Communicated.)


been rendered stones. Petitions and
resolutions sent to the seat Of govern
ment, praying for relief, have been
disregarded, speeches unanswerable,
argumentive and eloquent in Con-
gress assembled have, as yet, affected
little or nothing for the stricken
silver mining industry in nearly one
half the country, while the golden
calf enthroned in Wall street and
backed by his counterpart over the
water still reigns supreme over the
white metal and there is, as yet, no
relief or release from the shackles of
the Shylocks who are goading the
farmers, miners-in fact all the in
dustrial masses-to the very verge of
poverty and bankruptcy. So thor
oughly and ably has the silver ques-
ton been presented and discussed by
the press of this State, and 30 we'll
and intelligently do the people under
stand and appreciate the Importance
and necessity of the speedy remon-
etization of silver, the placing or
rather replacing of the white metal
back to its just standard on par with
gold, thus increasing the volume of
money, as circulating medium, now
30 manifestly necessary to the proper
and legitimate carrying forward of
the vast and growing industries of
our common country, with equal
justice to all and special privileges
to none. I repeat, the question has
been 80 clearly stated and ably argued
that do not, for a moment, presume
to think I can add interest to what
has been said by able writer's and
speakers, nor can I further instruct
the people on this all important sub
ject.
What we want and that which the
best interests Of the country demands
is, as understand the question, not
simply the compulsory coinage Of
two millions, four millions, nor yet
four million five hundred thousand
dollars per month, but the free and
unlimited coinage of silver, the same
as gold, and 412H grains to the silver
dollar. This seems to ne to be the
only just and logical way out of the
financial stress under which we have
been sailing since the vicious legisla-
ton enacted in 1873 demonetized
the peoples money. We must do
away with the market value of silver.
We do not want longer, when we
have silver bullion to dispose of, to be
compelled to ask some banker or
stock broker in Wall street to cable
his partner in London and 30 fix the
value on our money. No, Mr.. Ed
itor, free and unlimited coinage of
both silver and gold must be the
watch word, over and above all other
considerations, and from this stand
ard the people must and will be
heard, il not within the party, then
without the party. "At the market
value of silver" says the Secretary OF
the Treasury. And what does the
market value OF silver indicator Not
money but commodity, merchan.
disc, and under such conditions silver
may be at par to-day, at ten, fifteen
or twenty per cent. discount to-mor
row, and the evil results of such dis
ordinations against silver, and Il
the silver producers, the masses ant
the general interests of the country
can be demonstrated without fear o.
successful contradiction. To illus
trate briefly. Take the loss in dis
count on the recent output Of thu
Commonwealth mine in Tusoarora
$118,O00, q sum more than sufficien
to pay the entire running expenses o
the mill and m'ne, and on the Com
stock over one million dollars pc