The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1893-07-08
THE CRISIS!
ALL MINES TO CLOSE DOWN.
Mao Owners aud smeIter Men Meet in
Denver and Resolve to sus-
pend Work.


Denver and Resolve to sus-
pend Work.
In view OF the gravity of the situation
caused by the great drop In silver, meeting
was called a few days ago for a 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 29th.
A conference of the smelling men and
mine-owners was held in room 400 OF the
hotel previous TO the public meeting and
resolutions were formulated. When 1t was
announced, after a conference of these repre-
sentatives, that a public meeting would be
held, the people who had been discussing the
situation in the refunds OF the hotel, imme-
diately repaired to the place OF meeting.
j. j. Hagerman, ID. II. Moffat, NJ. d.
Thatcher, j. b. Grant, Julius Thompson, d.
NJ. Hyman, ID. r. G. Brown, Richard Pearce
NJ. E. Smith, A. f. Reynolds and j. T. Ora
ham occupied prominent seats in front
Among the others present were Frank Dill
llngha,n, B. Clark Wheeler, d. w. Brunton,
Charles ID. Armes, Eben Smith, J. II. Weddle,
Percy Hagerman, A. B. Shilling, C. Z. Noble,
Harvey Young, Amos Steck, j. n. Palmer, j.
p Naddle, W. B. Root, Otto Mears and
others.
J. J. Hagerman called the meeting to order
He said but very few words. Everyone
present knew what the meeting had been
called for. Although the original intentlon
was to confine the meeting or conference to
those interested In smsiting and refining,
there were so many mlne-owhers present who
were no less deeply Interested that it was de-
cided TO make the meeting public, so that n
full expression could be had.
j. B. Grant was unanimously chosen chair
man of the meeting and John T. Graham,
secretary.
1t was not a time for speech-maklng; 1t
was time for action. When the chairman
asked what the fret business should be. David
II. Moffa, arose and moved that the chair
appoint a committee Of FIVE on resolutions
This carried.
The following were named as the commit
tee: J. j. Hagerman, chairman; D. II. Moi
fat, d. r. C. Brown, VI. d. Thatcher aud
David NJ. Hyman.
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 meeting 10 read. They were As follows:
WHEREAS, 1t appear from the continued
attack on silver by the monomeialllsts of The
United States, Englan1 and other nations
that there exists in their minds induced
probably by the product OF an exceptional or
phenomenal mlne), the idea that the metal i
go abundant and the cost Of production 50
little to justify The depreciation of its
value; and,
WHEREAS. From wears 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, 10
the hope that its Elarict value would more
nearly approximate It's Intrinsic value by it.
rehabilitation on some equitable basis, kept
our men employed In our mines. mills and
shelters, though At a loss to ourselves In
general; and.
WHEREAS. From the present prices and the
condition OF affairs and tendency Of events 1t
Is evident this hope is diseipated for the pres
ent; now, therefore, be Is
Resoirei, That II Is theunanlmous sense Of
this meeting OF mine, mill aud -melier owners
that we put 4 stop to oar further Losses hy an
immediate and complete cessation of all our
silver mining, milling hnd smelling opera
tons In the state OF Colrado, in the full be-
lief that the monometall-t element will fin
ally appreciate three vitl points First, that
the world cannot transaC its business with
out the use of silver a. usoney. second thu,
the actual cost and valIt of the metal far eI-
ceeds the incorrect vitrs which they have
formed; third, that the inevitable course Of
events will quickly demonstrate that the
enormous sums of aoney Invested In rail-
roads, loans and otherproper,y will so depre-
ciste in value that thi monometallists will
also be convinced thatkome action must be
taken with silver to reFore 1t to 1t. legitimate
use, which It has held IRON time lmmemorial.
And be IL further
Re.oirod, That We dpreca,e and condemn
the Incorporate opiniois and statements of
unreasonable men wlieh have been iele-
graphed to the Eat that Colorado has any
intention of repudiaiius her obligations, pub
lie or private; on the antrary, we think our
selves as well able rs 10Y other part Of the
sorld to meet what may come in this emer-
gency.