Mohave County miner., 1893-01-07
CONTINUED from 6rst PAGE.

,uslions In silver which make IL sale,
to buy for cash or short credit, the m.
perior quality OF many articles OF Amer.
lean manufacture, and the fsciii,ie. for
speedy delivery afforded by the sx,en.
sion Of railroads through oil portions of
Mexico. But those very railroads, In.
itia.ed for the most part by American
capital, have passed, or are passing, into
English hands, and This 10 true Of thu
majority Of enterprises initiated by Amer.
leans in Mexico. Yet the dividends no.
on these investments are being sadly de-.
creased by the depreciation Of silver
in fact, some are being carried on a, the
smalles, possible margin Of profit. some
$; loss. and some are entirely sus.
pended. So that from all standp,in,s
the grinding Of the gods Ia merriless M
iurf!
But after all, III. greatest, the mos,
convincing, argument in favor Of silver 10
the scarcity Of gold. There il In fact
hardly gold enough for the use Of the few
nations which have declared the single
soll standard. Tbs writer Was in Flu
rope. g. London, iuring the great cris,.
cu,,,eqne"t upon tho failure OF the Bar.
inys. Had the Bank OF France not con .
tiibuted it's gold in aid Of the Bank Of
England st that time, the whole com.
rnerc,si and banking fabric oi Great
Britain would have gone to pieces. The
crisis was no soouer sverted In England,
than the yo.d had to be exported to
Germany. The struggle VAS compared
70 that Of half y do zen men out 10 the
cold, trying to cover themselves with =
single blanket! As one would pull and
haul, another would be uncovered. Al.
ter al, ~ith due respect for the xcknowl.
elsed g'elt AGILITY Of European bankers,
economists, and statesmen, it appears
under such circumstances to be contrary
TO the dictates Of common sense to de.
moneiizs silver,--or rather not TO ~.
monct,ze il. since its demonstration hiss
been the cAu-e VI such world-w vide tribc-
lAtion. II 10 nov proposed, il we can
believe report, TO pu, Austria and even
India on = gold basis. OF course the
more they try to cover With the blanket,
the le-s completely will they all he COW
cred, and the harder somebody will kick.
There has been = slight bat steady
decrease in the product Of gold during the
past ten years, with the exception Of the
year last past. when there vas . small
increase over the preceding year. 1t is y
sell known fact. that the yield Of gold
Is steadily decreasing ut present, while
iis use IN the arts, ETC., is constantly on
the increase. The yield Of silver has
steadily increased ever since the dis.
covery of the great silver mines Of Nevs-
dA, but during the long history Of the
world these variations in the relative
product have always existed. II is quite
sufficient proof Of the fact, rs we'll as
sufficient comment upon il, to remember
that silver not very long since reached 4
premium over gold. believe ss high as
four and . half per cent. The steady
decrease in the production oi gold, and
its acknowledged scarcity, coupled with
the increased demand for use in the
arts, certainly lend no encouragement to
ITS sole use ss . standard, or TO the fur
tbsr demonetization Of silver; nor does
the temporary increase in the silver
product, judging from the fluctuations OF
the past. All nations coined silver
money free up to 1919. when England
irst demOnetized il. II the earth has
endured six thousand, Or six hundred
thousand years, We have no record OF .
superabundance Of either Of the precious
metals, or Of the necessity Of gold
standard. 1t has been reserved tor this
age Of unprecedented development, OF
extraordinary commercial activity. 10
discover that We have too much, and that
one must be demonetized, not~ithstand-
ing the fact that three-fOurtbs OF tsr
world must ever depend upon the silver
standard alone And that the rest are
constantly alarmed over an unequal and
insufficient supply Of gold.
1t 10 curious and painful 70 witness
the attitude of the great English mer-
chant princes, bankers, and others, rela-
tive TO this question. An American can
not be in their company many minutes,
without being attacked and made to feel
that the knowledge Of his conntrymen
in matters Of finance ~ not highly es-