Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1893-08-17

.sue f silver or ans other arlIc e.
Itch We uo nut ourselves grow or
uradu
Bu WHEN ] eouc.ud-4 above yhat
tha cess t}0u ok tile coinage "a silver
81 be great commercial nations, and |
might nave added IS Indih. winch for
many wears. has. ogether with CHINA,
like a sponge, absorbed and r,tliued.
until squeezed, very large portion Of
the silver produced ia The world. hsd,
bY lsssening the market demand fer II.
as compared with the production,
probably. if not certainly, lesSened its
market value TO some extent and there
by reduced the profits of the silver pro
ducers, / conceded all that the ''sil
verites" can possibly claim.
But it Is now time TO inquire whether
there are not other and vastly more
powerful cause for the shrinkage in the
market value Of silver, than the cessa-
ton of the coinage Of it, so far as there
hiss been such cessation.
Mr.. Mills is SO very kind as IS tell as
upon the assumed authority ofa certain
N Allard who. according to Alr. Mills
is ian authority upon the subj C" that
the fall in the pride Of silver is not due
- over production | have read the
quotation which be purports 10 make
from Mr.. Allard (whoeYer he may BEL
and one unable to learn hOm i what
NJ. Mills seems 10 find in It However
i il were q question Of authority, even
sapposing that Mr. Alard is as MIR
Mills states, an authority, It would be
easy 10 smother him under a mass of
adverse authority, 10 which he would
compare. about as the Platte Mounds
do 10 the Rockv MoUntainf But i is
nor question of authorize Is Is on
the other hand, a question u what are
he facts When wo know item, our own
judgement may be- resoued 70 with
confidence. even as against that Of Mr..
Anerd. or even Mir. Mills.
Il Mr. Mills means 20 be understood
as SAYING. or as saYin7 hat Mr. AIlard
says, That The amount of silver pro-
duced in the world as compared with
the demand Of it. has no fleet upon its
value, he will hud few who will agree
with him. He might rs we'll tell us IN
the lead mines that the demand for
lead during the war Of the rebellion ~
compared with the supply q ~ Hau ~
effect upon its market value. Or that
the discovery If the silver ores 10 the
Rocky Mountains accompanied with a
large percentage IF lead, had no effect
npoa tas MAX value Of the latter
mineral. Or he might even venture TO
say, and wi Just as much rea on. that
:, lsr0a increase i'm the production OF
wheat corn oats hogS' ca t''7'' ~ slieep :,
wool potatoes OF "a9 a. o'''i' ~ =
WIN VIC o.'in' '',u iO' way H. Iaa,and to,.
'''.''',' 49,, ,,,'t tI.o ,rnlnc,ian
- - - - - ~. ,,s.l,et ya,,a
-. - ..e,,,h,,ad ~ A. Mills woniJ
t'l;..,..(t Il.s4 t,,,sa f.r
=
= ~ = Al .,.c,i,a M relation
.,,,,,nt ~ s;iva,. oraanapa
~ /" ~ - ,I,.. a,.r.at. i NM
~, " fA'1
"'.isS
ln 1891 me "hoI5 "''i,0 'I5QS w
. SD QVp ounces o. 2o''t ? y" A'i oV.
ounces 81 silver, or = 90 ~ ouioes =,
silver 70 one % gOlu W 1iiie ~
produce the Oh'ted o'"'es Pioo"ey"
Dol w. ounces % gota' "u" my
10000 ounces q s''Ver. Ne ",i9 leu
gold ana nor Il al'V't P,o0pclo9 +,
/ country Anu rs a nlatteI % i"','
vii sao" presently ma y VIZ ~,
! alleged Tact 'ha1 lhi9 was 80 =,
+ not sit}ef FtoouclbG c"nn' y u :.
was used Fl one Suliieul' 4'ii9,'4
others, ln favor o. lhe cessation q 'n'
coinage q me siiVef do,iat' lile !,
called demonetilation q HlF"f' "o'oa
I was consomhated ~ 800
Tie production Of silver in the Unit
ed States never exceeded 10000 ounce.
per Year unu 1858. when Tor some
reason unknown 10 ne, il jumped e
i So, coo ounces, but the next ear tail
again to 1900 ounces In 1860 it rose
again to 10000 ounces. IN 1861 il
las .547 600 ounces, a. agalnsi
j 1850 coo of gold. While in taat reai
the total product OF Il.er 10 the world
vas. 525dG'Op ounces SIS a2ains'
3.J9o0UJ ouhces 81 2oia' or ", ~
ounces 81 sllVei @ one o. GOO. IRON
TIM time onW ~ the PRODUCTION e.
+ sI.fer sleaisiN Iacteased ~ cot'lpate',
with taat q 4oiu' ~ ~ NE tl1ited
"a