Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-06-30
SILVER 4 Loss
Colorado Mine Own
ers Cease Work.
Silver Mined at =
Steady Loss.
Think the World Has
a Wrong Idea
III 1t Is Not Mined
Ruin the Result.

DxsvKk. Colo. June % Silver min
ing snd smelling in Colorado wiil cear.
This decision Nss reached az u,rcsiiig
~ AL the ieaziiDg mine owners and man
ayers - the state heid Al the Bsown
Palace hosri this afternoon. The mines
eanpo. bc operated AZ the present prices.
sed a. stop further ioss all opcfations
viii cons 10 standstiil and 5000 Ia
aoooo men rili BE- thrown out Il en-
rioyrnent. There Was large sttesd
ance sf the meeting- Ex.Gov T. II.
Grant - the Ouaaha and Grant smelfsr.
the largest ccacern - It's kind in the
wcsit wss made chairman. Ga motion
- David H. Aofatt the chuir appointed
comm4tlee u hve oR resolutions. as
f9iloxs ). }. iiasermsn. u. II. Madstt.
X &. Brown. " " Thatcher and ID. NJ
tlyman The resolutions committee
then retired ard after a short absence
returned With the following resolatious.
~h.eh were read BY the secretary:
wni Cease silver Mining.
Whereas. II APPEARS from the con-
sinred attacks on silver by the mono
metaliists England aud other nations,
that there exists in their minds in
dueed. probably. by the product of an
exceptional or phenomenal mine.i the
idea that the metal 10 50 abundant and
the cost II production is 40 little a. 10
Justify the depreciation % value; and.
Where's. From years ofexperience in
miaing. milling and smelling. We are in
position 10 more thoroughly and cor
rect,y know the actual cost of produc.
ing silver. ard have in the hope that its
market value would more nearly ap-
proximate is intrinsic value bs its re-
hahilifnfion on some equitable basis.
kept our men employed In our nsinee.
mills snd sme!ters. though at loss 10
ourselves In general: and
Wheress..Frpm the present prices and
the condition - Affairs and tendencv IT
events. it y evii~nt this hope il dis
sipated for the present; now. therefore.
be u
Resolved. That IL II the unanimous
ssnse q this meeting of mine. mill and
stnelfer ou ners thar xe put q stop 10 our
further loeses by an immediate and
complete cessation of all our silver min.
ing. milling and smelling operations IN
80" 80 -" - tfftt Atttf ttt ttf~ tstltt
that the monom~tallist element will fin
ally appreciate three si'al points:
What the World Must Know.
Tirss That the world cannot transact
its business Without the Use of SILVER as
money.
Secnud That the actual cnst and
value of the metal FAR exceeds the ia
cs,rFect views which they have formed
Third That the inevitable course Of
events viii quickly demonstrate that the
erormous suusS ~ money invested in
railroads icans an1 other property will
so .sprcciafc in value that the mono
mctailsts will also be convinced that
some sc3ion must be taken with silver so
restore 1t to "a legitimate use. whieA ii
has held from time irmemorial. And
he Il further
Resolved. That We deprecate and con
demG the intempesat~ opinions and
statements - unreasorable men which
tsve been teiegraphed 10 the east that
Colorado has any intention - rcpudiaf-
ing her obligations. pubic or private
On the contfary, Ne think orrscIses a.
vrll etir ~ any ether part - the world
- MEET vhateser may come ia this
emergency.
The resolutions wers unanimously
adopted and the Meeting ar once al
Juarnrd