The sun., 1893-06-30
THE WEST Is, ALARM ED.
MINERS. sMEITBRs, AND BANKDBs
CALL A MALT ON SILVER oUTPUE

Meeting nt Denvcr-Hepofuttons Calling
for Immediate Action to Relieve the
Present striuTency-A Prospect OF Star.
walton for tho Miners Thrown Ont
of Employment - Dispatches from All
Parts or the West Announce stsgnation.
DENVER. June 2o.-Mines and smelling works
must shut down is the cdict that went forth
from n mass meeting held this afternoon In
tho Brown Palace Hotel. Tonight messages
are carrying CONSERVATION into the homes OF
thousands Of miners throughout this State.
The effect Is paralyzinR to all industries
among the irrigated valleys. Tho wheat and
onts will continue to grow, but the fruit grow
ers are left without market. tho merchant
without customers. and the railroads without
freight, as the coal mines must OF necessity
curtail their output. The coke ovens and char
coal pits will grow cold. There are gloomy
days ahead for Colorado.
Throughout tho day mon gathered In the
hotels, at the clubs. and on the street corners
talking OF the situation. drop OF 20 In
the price OF silver within four days was some-
thing unheard OF. The smelters received the
car loads OF ore. weighed them and side.
tracked the cars. wiring tho shippers that
nothing could be done with the ore. Tho
freight charges were refused and the demur.
rage will not be paid. Two car loads Of
nlSH GTdueb OEes 0StlIuhtcu W Sdiiy Sf,SVO Az
gold and $4,000 in silver each. were in the lot
refused. The ore buyers and sampling works
concerns refused to accept shipments now on
the road. and tonight thousand cars Of ore
are on the tracks awaiting q settlement Of the
existing conditions.
At the meeting to-day the whole proceed
fngs did not last ten minutes. About 500 men
were present. and never before In the history
OF silver mining were so many silver million-
aires met together. There were present
picturesque Taber. and tho great West
ern bankers, David H. Moffat Of Denver
and NJ. d. Thatcher OF Pueblo. and all grades
and condition of mine owners and smelter
proprietors. J. ]. Haggerman OF Colorado
Springs called the meeting to order. Ex-Gov
]. b Grant was elected Chairman and John
G. Gorham OF Leadville Secretary.
"No speech Is necessary for me upon this
OCCASION" said Mr.. Grant rs he took the chair.
You nil know for what purpose We have as.
sembled here. We are ready to proceed to
business"
On motion Of David II. Mofiat. tho Chair ap-
pointed as a committee OF five on resolutions
J. j. Haggerman, Chairman. d. Fl. Moffat, r q
Brown. NJ. d. Thatcher. and d. n. Hyman.
which reported as follows:
whs,ea,. 1t appears from tho continued attack
silver by the monopoliss OF tho United states and
England and other nations that there exists in their
minds the idea induced probably by the product OF an
exceptional phenomenal mne that the metal 10 90
and the cost OF product little to Justify
tho depreciation Of its value; and.
VA.y~ns From years Of experience in mining, mill
Ing and citing are in position to more fully
ana correctly tho actual of producing silver
ana have In rho hope that its market value would
nearly approximate Its intrinsic value By its TO-
hablItat alton equitable basis kent our men Sm-
ployed mines and smelter. though A. less -
ourse ivsa In general: and
WLrea from tho present prices and the conditon a
Affairs and tendency OF events 10 evident this hopeh
dissipated for tho present: now. therefore, bolt g
eso,rsd That It is the unanimous Of this meet
ing mine. mill. and smelter owners that We put
stop further loss by immediate and complete
cessa ton of all mining. milling. and smelling
operations in tho State Colorado in the full belief
that the monomctailis,s element will finally ap-
preciase three vital points: LIST. That the world
cannot transact its business without the use
OF silver as money: I'd. that the actual
cost and value the metal far exceeds the incorrect
views which they have formed third that the In
evitable course of events will quickly demonstrate
that the of money Invested In rairoads
loans other property will deprsciAte In value
that she monometalist will also be convinced thas
some bo taken with silver TO restore ~
its legitimate value which It has held from time Inn
memorial and bo 1t further
He.Ir,d That We deprecate and denim the intena-
perate opinions and statements OF men
which have been to tho East that Colorado
has any intention OF repudatng her obligations pub
lie private On the contrary We think ourselves -
able any other part of the world to meet what
pay como in this emergency.
Tho resolutions were unanimously adopted.
and the meeting at once adjourned. The
clause condemninG the statements Of unrea-
sonable men has reference to despatch sent
sts9sSd d. sS%s e III iaslas 2, sisty jSSSS SS SSS
ton. to that all bonds and obligations due IN the
vii VIII bring Ma "a About now declaration q nde.
pendence and the establishment OF a western
"The silver agitation has been a curse to
the State. 1t has given the impression abroad
realize what they are doing. They are hurt.
a es isss' e g sss ss a% S:na
II don't consider tho action Of the India
PEOPLE t" thpk II f1T 1na osisye sbsy9an that
SfSashs SHSns 'ssy se to @Hf WIZ that asssoa
York will be willing, to aid IN further
steps Ss in the direction Of its complete demor-
niizuti0n. Our grentest danger to be antici- >
j S IN the sounS %SSn 4 but sasass
the sherman act and in favor OF it's repeal has
undoubtedly FASTENED the action OF the India
Ebcn Smith, manager Of the Morat Smith
propert es. telegraphed to Leadyile this
morning closing down all tho silver properties
under his care.
~: Haeerman Of Colorado Springs said:
AT the present price OF silver the mines OF
Colorado cannot be successfully kept In
operation. and when the silver mines are
closed 1t means cutting off also Of the gold
output. Fully three.1fthss Of the gold Of this
country Is taken out In connection with the
silver ores.
output is reduced in Just that proportion. Silver
must and will be rem onetzed, and the present
crisis will hasten the day. We want now imme-
Charles Newman, state Senator from Du.
raneo who has large mining interests at
lico. said:
Is a picture. unpleasant to contem plate.
and II the price Of silver keeps falling. a pie
!!uree will be presented which cannot bsturned
our on ' sestion Of the country was was IN S 3
GouriS7hing, ,condition. but no one can say
Of gold mines do not seem 70 fare any better