The state herald., 1893-07-07
THE CRISISl
ALL MINES TO CLOSE DOWN.
Mine owners and smsltsr Men Meet IN
Denver and resolve to sas.
pend Work.

Mine owners and smsltsr Men Meet b
Denver and resolve to sls.
pend Work.
In view Of the gravity Of the situation
caused by the great drop In silver, . MEETING
was called few days ago for . conference
as to best cause to be pursued In the emer'
gency. The meeting was held in the Brown
hotel, Denver, on the afternoon Of the 20th.
A conference Of the smelling men and
mine-owners was held In room 400 Of the
hotel previous to the public meeting and
resolutions werc formulated. When II was
announced, after conference OF these repre-
sentatives, that a public meeting would be
held, the people who had been discussing the
situation In the rotunds Of the hotel, immc.
diately repaired to the place Of meeting.
J. J. Hagcrmnn, D. H. Mohst N. d.
Thatcher, J. b. Grant, Julius Thompson, D.
NJ. Hyman, D. r. c. Brown, Richard Pearcc,
NJ. Z. Smith, A. Z. Reynolds and ]. T, Ora
ham occupied prominent seats IN front.
Among the others present were Frank Dill
bingham, b. CLARK Wheeler, D. W. Bruuton,
Charles D. Armes, Eben Smith, j. H. Weddle,
Percy Hagcrman, A. b. Shilling, G. E. Noble,
nAINCy hhoo StCShs u &Ns oAuApEg o.
r. Naddle, W. B. Root, Otto Mears and
others
J.J. Hagerman called the meeting 70 order.
Herald but very few words. Everyone
present knew what the meeting had been
called for. Although the original intention
va, to confne the meeting or conferencseS,
those interested In SIN sitting and refining,
there were so many mine-owuers present who
were no less deeply interested that 1t was de-
cldel to make the meeting public, 90 that a
full expression could be had.
J. b. Grant was unanimously chosen chair
man Of tho meeting and John T. Graham,
secretary.
1t was not time for speech-making; It
was time for action. When the chairman
asked what the first business should be, David
II. Moffat arose and moved that the chair
appoint committee Of i've on resolutions.
This carried.
The following were named as the commit
tee: ]. J. lIagcrman, chairman; d. II. Moi
fat, d. II. c. Brown, N. d. Thatcher and
David NJ. Lyman.
The committee retired TO the rear Of the
parlor and the resolutions that had been pre-
pared at the conference were read over. The
members Of the committee returned and the
resolutions were handed to the secretary Of
the meethg to read. They were as follows:
WnKnEAs, II appears from the continued
attack on silver by the monometallsts Of the
United States, England and other nations
that there exists In their minds Induced
probably by the product Of an exceptional or
phenomenal mlnc), the idea that the metal 10
N nhu ndn nj nd ha nj inn n
little as to justify the depreciation Of It's
value: and,
WHEREAS. From years Of experience In
mining, milling and smelling we are IN .
position to more truly and correctly know the
actual cost Of producing silver and have, In
the hope that its market value would more
nearly approximate It's intrinsic value by its
rehabilitation on some equitable basis, kept
our men employed In our mines, mill, and
smelters, though at loss to ourselves In
general; and.
WHEREAS. From the present prices and the
condition OF affairs and tendency Of events II
Is evident this hope Is dissipated for the pres.
ent; now, therefore, be It
Resoi,td, That II Is the unanimous sense OF
this meeting Of mine, mill and smelter ON ners
that we put stop to our further losses by An
immediate aud complete cessation Of all our
silver mining, milling and smelling opera.
lions In the stale Of Colorado. In the full be-
lief that the monometallist clement will fn-
ally appreciate three vital points: First, that
the world cannot transact its business with
out the use Of silver rs money; second. that
the actual coet and value Of the metal far cx-
ceeda 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 rail-
fpaa6t leans And p,hes p p tIcHbln must r.
taken with silver 10 restore II TO it, legitimate
use, which II has held from time immemorial.
And be II further
Rssoittd That we deprecate and condemn
the Incorporate opinions and statements OF
unreasonable men which have been tele-
graphed to the East that Colorado has any
intention Of rcpudiating Der obligations, pub
lie or private; on the contrary, we think our
selves rs we'll able AS any other part Of the
~orld TO meet what may come In this emcr-
gency.
J. j. HA6ERNAN,
II. II. MoYYAr,
d. n. HYMAS,
d. Il. Z. BRowN,
NJ. ID. THATCHER.
There VA considerable applause at the
conclusion Of tho reading Of the resolutions.
Mr.. Lyman moved their adoption. The
motion was seconded.
Someone asked whether time bad been
named for cessation. Il WA pointed out that
the resolutions provided for an immediate
cessation.
After pause TO SEQ whether anyone de-
sired to Offer any remarks on the resolutions
and no one responding, they were put before
the meeting and unanimously adopted.
On motion Of Mr. MoiIat the meeting nd
journed.
The full Import of the meeting WA soon
made known To tho state aud 10 the world nj
large. Teiegrams were dispatched 10 all
parts Immediately. The mine owners and
the smelling representatives held short con.
ferenccs with their agents aud manager.
with view to closing down.
Al night the hotel rotunda WA again filled
with representative citizens, who discussed
the decision Of the meeting