The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1892-06-04

were contracted to be paid in the
legal money of our country, which
was gold and silver at the time they
were drawn. To meet these obi
cations otherwise would be meeting
them dishonesty.
Hon. Michael D. Harter of Ohio,
in opposing the bill made many
remarks that would fall to the floor
with their own weight. The most
absurd and illogical of those were
when he said that only the mine
owners, which were small in their
numbers, wanted the metal, much
of which cost them not more than
from 5 to 20 centsan ounce to
produce, after lead profits were de-
Quoted. restored to $1.29 20. Did
Ohio make an ass of herself by
sending man of such shallow reas-
oning faculties from the Buckeye
state to Congress? According to
Mr.. Harter's reasoning, a ton OF
ore that carried fifty dollars worth
of lead and one ounce Of silver,
that could be put on the market at
a cost of $5O.5, the silver would
cost no more than 5 cents to pro-
duce it. II there was no lead in
that ton of ore, Mr.. Harter, how
much would it cost to put the one
ounce of silver on the market?
When Mr.. Harter made that ex-
preston it seemed he wanted to
say something, but he had nothing
to say, so he just made noise to
hear himself rattle.
In the annual report of the Alice
Gold and Silver Mining Company
for 1891, we find the company's
bullion output was $97O,O73.O5. OF
this amount there was SOL .955.6S
gold. The company's dividend was
$4,000.
From the above we can see that
the Alice mines produced enough
of silver to pay all the company's
expenses, and $13,04432 more.
Would it be wise man that would
say that the company's gold cost
them nothing to produce it because
there was more than enough of sill
yer mined to pay all expenses for
the year. AS foolish as the above
may seem. yet it was some of the
logic Mr.. Harter used in opposing
the silver bill in Congress last
The Alice Company have nearly
81 100000 invested in their mines.
The $4,000 dividend would be no
more than 7 per cent interest on
their investment. The company
gave, direct and indirect, employ
ment to about 1000 men. The
e75, 900 dividend is being put back
IN the ground by the company to
more men and open up
1ew works. If the profits on their
Investments were "143 per cent"
he company would use them in
he same manner.
The Alice Gold an Silver Mining
Company is used as an illustration
% show what the mining men Of
he west are doing for the country.
What are the gold bugs of the
Cast, in whose interest silver was
lemonetized, and is being kept de-
nonetized, doing for the country?|
With the assistance of Congress,
hey are closing down the principal
part of the mines of the West, by
zeeping silver at lower price per
ounce than these men can produce
for, thereby throwing thousands
# men directly out of employment
hey are closing down the mills and
melters by stagnating the indus
ries that support them they are
hrowing coal miners and salt pro-
lucers out of employment all over
he country by closing down the
melters that use many thousand
ons of coal, coax and salt; they
re driving the farmer of the West
o poverty and starvation; they are
idetracking railroad cars all over
he country and throwing thous-
lnds of railroad hands out of work
y crippling the traffic that sup
sorts them; they are putting a
lamper on all the machine-shops,
actories, &C., of the East from
which the mines of the West draw
heir supplies from; they are de-
reasing the gold product of the
country by closing down the silver
mines, as most of the mines that
'roduce silver produce gold also.
rheir enterprise is specializing on
he gold and silver product of the
ountry, and by contracting the
,roduct of these metals they become
he direct channel through which
he currency of the country must
'ass to be shaved at will when har-
,Ored in their clutches. These mon
trous demons are to the country |
THAT the drones are to the beehive
hat sip the honey from the cells
he busy worker has produced.
these sharks sip from the wealth Of
he country, and produce none, and
rhat they cannot consume and
landle themselves, they destroy so