Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1893-07-06
SHELTERS TO CLOSE.
General Shut Down in Colorado
and the Missouri Valley.
THOUSANDS OF MEN MADE IDLE.
Mine Owners Say 1t Is Necessary to Teach
tho World n Lesson and Correct
False Impressions of tho
Value of silver.

DENVER, Col, June 3O.-Silver mining
and smelling in Colorado will cease.
This decision was reached at meeting
Of all the leading mine owners and
managers of the state held at the
Brown Palace hotel yesterday after
noon. The mines cannot be operated
at the present price, and to stop further
loss all operations will come to stand
still and 20, 900 to 80, 900 men be thr own
out of employment.
There was large attendance at the
meeting. Ex-Gov j. b. Grant, of the
Omaha & Grant smelter, the largest
concern of its kind in the world, was
made chairman. On motion of David
Moffat, the chair appointed II commit =
! tee of five on resolutions as follows: j.
j. IIagerman, chairman; ID. II. Moffatt,
r. c. Brown, NJ. w. Thatcher and ID.
VI. Lyman, The resolutions commit
tee then retired and after a short alb
scncc returned with the following reso-
lurions which were read by the secre-
tary:
Whereas 1t appears by the attacks on silver
| by the monome tallists Of the United States aud
| England that thsre exists in their minds Tin
/
tional or phenomenal mlne) the idea that the
metal IL so abundant and the cost OF production
so little as to Justify the depreciation Of its
value; and,
Whereas, From years OF experience in min
ing, milling and smelling, we are in position
10 most truly and correctly know the actual
cost OF prod icing silver and have, in the hope
that its market value would. more nearly APP
proximate Its intrinsic value by Its rehabilitR-
ton on some equitable basis, kept our men en-
poyed in our mines, mills ana smelters, though
at a loss to ourselves in general; and,
Whereas, From the present prices and con-
dition OF affairs and tendency OF events It is
evident this hope is dissipated for the present;
now be It
Resolved, That 1t is the unanimous assent OF
this meeting of mine and smelt owners that we
put a stop to our further losses by IN imme'
diate and complete cessation OF all our silver
mining, milling and smelling operations In the
state OF Colorado, in the full belief th-.t the
monometallist element will finally appreciate
three vital points:
First-That the world cannot transact It's
business without the use OF silver
Second-That the actual cost and value Of
the metal far exceeds the incorrect views which
they have formed
Third-That the inevitable course OF events
will quickly demonstrate that the enormous
sums OF money invested In railroads, loans and
other property will 30 depreciate In value that
some action must be taken with silver to re- store
1t to its legitimate use, which II has held from
time immemorial; and, be II further
Resolved, That we condemn the incorporate
opinions and statements Of unreasonable mer
which have been telegraphed to tho east tina
Colorado has intention OF repudlating her. obli
cations public or private On the contrary w
think ourselves as well able as any other par
OF the world to meet with whatever may com,
IN this emergency.
The resolutions were unanimously
adopted and the meeting at once ad
journed.
SHELTERS TO SHUT DOWN.
DENVER, Col, June 30.-A decidedly
new and vigorous move was made by
: the smelter men who met here. Lat
) last night ex-Gov. j. Is. Grant, of tn,
= Omaha and Grant smelter, who wa
chairman of yesterdays meeting, gav'
out the following for publication:
% "In accordance with the resolutions
passed by the miners and smelteri
this afternoon, the Missouri vale,
smelters, representing almost 30 pc
cent. of the smelling business of tn
United States, have decided TO ceas
purchasing silver ores and TO go out o
business. They have approximatel,
| nut o,OOU,OOO ounces OF silver In STOCK
With this limited supply the govern
mont cannot purchase the amount mad
obligatory ny the sherman bill during
the next two months
t Silver went down announcer penny a
) London ON the 2Sth.
A question has been raised as l.
3 whether Gov Altgeld, of Illinois, ha
ever been properly naturalized.
Yale defeated Harvard and Columbi
, in the boat race at New London, Conn
II was Hale's third consecutive victory
A rumor was current in the treasur
at Washington that Mexico contem
plated stopping the free coinage of sil
YER
The Atlanta, Ga, chamber Of CON
merce has petitioned the president I
, call congress together Immediately I
4 discuss the finances.
: Secretary Carlisle announces that h
h intends to do all in his power TO carr
@ out the provisions Of the Geary act an
/ deport some of the Chinese.
beginning July 1, the Milwaukee
: Northern will be operated by the Oh
i cago, Milwaukee & st. Paul and wi
3 be known as its Lake Superior division
: The officers of the Chicago. Milwauka
q St. Paul Will be In charge