The sun., 1893-07-17
COMMON SENSE ron Colombo
No Uuin In sieht-The Demand fer Silver In
the Industria Arts.

the Iudustriai Arts.
To TIRE EDITOR OF THE suN-Sir. The sil-
YER fanatics and demagoaues OF the Populist
party In Colorado, Idaho. and Washington are
endeavorine by means OF articles In the COL
umns OF pro-silyer newspapers. and by
speeches In public wherever three or more
fools meet together 10 air their Ignorance OF
monetary matters, to create tho impression
that the repeal OF tho Sherman bill will ruin
evory silver miner In those States Yet By the
same mail which to-day brought to my office a
long article about the ruin OF Colorado. which
tho writer asks me to print In an economic pa
per with which am connected. 10 n long ar
ticle setting forth that the State contains more
coal, Iron. and oil than Pennsylvania. and that
1t Is destined to be great wool producing
country. and tho seat OF iron manufacturing
Industries for the Northwest.
l know most positively by a knowledge OF
every part OF Colorado and Idaho. that tho
stoppago OF tho Government purchases OF sill
YER Will not mako n million dollars difference
In the trade OF both States. The possible In
dustrial demand for silver in flno art produc-
tions. as sterling table waro. jcwelry. and
fancy goods articles. Is vastly greater than the
real worth OF the bullion annually made into
the Treasury In Washington. % It is i a fact we'll
Mstssted MsIt by msnnfacturers Of this O., state ana
can be turned out by American mines is but
little In excess OF tho demand. II makers can
nuy silver at a fair price. say ~ per cent less
than the price quoted to-day. they will abnu-
don the use OF nickel plating on many articles,
9nd FnlIs use silver: As more than 1029G men IN
exported to our country. 1t 10 plain that
lower price for silver will create q larger de-
mar mand f9r native silver. and stop the importa-
Another false notion industrlousy sowed
broadcast BY the Silver Ring, is that the metal
at present prices pays but little proht. Tho
truth is that the mining and refining OF silvor
mines and rcflneries aro run with nnti1uated
and inefficient machinery. manipulated by In
competent men. II the copper and iron miners
ana smelters conducted their ind ustri los under
enormous profits admit Of without loss in sill
Yer. then a majority of the iron and copper
companies would go into insolvent courts.
l have friend In Colorado who represents
has invented a process for refining. ores poor
or rich In slvsr., All smell say the process
Will be adopted some day. when silver goes
lower. but as silver pays big profits to-day
none want to make changes for economy's
started with old fashioned machinery. which
will be used until lower prices make economy
OF production major consideration.
There 10 nothing under the sun like q drop
hrn In prices S to make man %manqiaeturers cudGe their
eninR production. In ak months after tho
sherman act shall have been swept out Of ex-
istence the Populist statesmen o! the silver
states will be enabled to mix their matutinal
nickel plated iron ones which are used to-day.
Give tho makers OF silver goods cheaper
silver. and We will Increase to enormous pro-
portions the exnort trade which we now enjoy
NEW BRUNSWICK. July Is