Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-07-08
HOTEL CHAR

terested 10 western silver mines and 10
making all extended eastern business
trip. We want the Sherman lac TO
pealed. said he yesterday 10 reporter
for The HknALD. There is almost an
unanlmity 1t sentiment among silver
men IN regard 20 this. In fact every
body sesuAs 10 take this view of il except
the popuhsts ~ Kansas and the south
ern members Of the farmers alliance.
Tier ideas are 30 crude and Wild that
they are hardly entitled 10 serious con
ssderation. Ii is easy to explain Why q
free coinage Of silver il not Tor the best
interest II American silver mine owners.
The production Of silver ia the United
States 10 oniy In its infancy. The west-
ern coil AZ yet has been little moro than
scratched over. There IL enough native
silver on the Pacific coast alone To sup
ply the world for centuries. The Bunker
Hill and Sullivan mines &C Spokane
have ol5.0Ou.O00 worth 81 ore In eight.
There IL probably <0.O00.000 worth IL il
In tho mine. The Occur a. Alene mines
contain millions Of dollars worth
Of the white metal. Tho supply
10 inexhaustabIe. and We could
Hood the markets Of the world. IL
the United States were ~ pass a
free silver law, the price OF the metal
would DO greatly enhanced temporarily.
The mine owners naturally would take
advantage OF this and would increase
the output to the limit Mines that or
dinarily employ 800 men would put
5000 men To work. In few months
the market would be flooded, the finan-
cial system Of the country ruined and
silver would be almost valueless. Most
OF the mines would have 10 close down
There 10 wide variation in the cost of
producing silver. Some ores are very
much richer than others. There are
mines that can sell silver for 20 cents an
ounce and make good thing. There
are ores that yield 3000 ounces to the
ton, but they are the exception. When
the market price IT silver had been
hammered down by overproduction.
all except the richest mines would
be forced to close The smaller
mine owners would be ruined and
few Of the richer ones could soon
obtain control Of the market. III tho
price OF silver is allowed to regulate it.
self. the same as iron, copper and salt.
the market viii always remain nomi-
nally firm, and every body will have
chance to live. That is why l believe
the Sherman law is against our inter
ests. Free silver would be even more
detrimental. Let gold be made the
standard Of government finance, and
silver will take care OF itself In true
competition in the markets Of the
world
Charles X. Whitman OF Ann Arbor
was guest in The Morton for dinner
Z.
commissioner Of railroads. q member OF
the board Of regents OF the state uni.
versity. and one Of the best known law
yers in Michigan.
Mr.. Whitman has been prominently
mentioned as q candidate for United
States attorney in the eastern district
When asked II he would accept the ap-
pointment. Mr.. Whitman said: "Yes, /
should accept il; but I shall make no
effort to obtain it, That is one Of the
appointive Offices which l deem il bad
taste for any man TO hustle for OF
course il il comes 10 him that is differ
ent. / understand that Senator Doran's
friends are making On active canvas in
his behalf in this district. MIR. Doran
is good man and would perform the
duties OF the Office with credit. Well
endanger Senator Doran's chances The
men who withdrew their support after the
worlds fair appropriation bill was passed
made themselves ridiculous" MrWhit-
man is buoyantly hopeful that the acts
OF the last legislature will give the state
To the democrats at the next election
"A member 81 the house told me few
days ago that the legislature had
IN. TN D.
having the acts printed" Said he: This
hardly seems possible. but il it is true
it is only in keeping with the general
tenor OF the session."
Furniture men continue TO arrive
slowly but surely The season will open
in earnest Monday. and large number
Of buyers will probably drift into the
city Sunday night j. w. Wheelock Of
New York. Nielsen. Matter a. Co.'S east
ern agent, arrived yesterday TO look
after the trade. Mr.. Wheelock il one
Of the best posted men in the business.
Il don't expect we shall have anything
more than fairly good trade" said he.
But il we have that il will be all any
body has right To expect. No other
kind ~ business is even fairly good: but
the outlook is such that l don't think
we have any right IN complain. Grand
Rapids will get its share Of the business.
Ii never failed 10 yet" Among those
who registered IN The Morton yesterday
were Charles J. Brown. Boston, G. A.
Helm. Brooklyn; s. q. Estabrook. New
York; T.. johnson. Piqua. Ohio; G.. G.
Dow. Buffalo; q. w. Hofrichtcr. Cleve-
land.
John Garfield. one Of Manistee's prin-
cipal lumber manufacturers. dincd in
The Morton yesterday. Mrs. Garfield
was with him.
&. +. Grawn. superintendent Of the
Traverse City schools. was a guest i'm
The Kent for short time yesterday.
Mrs. ". Buffers aud Mrs. s. W. But
tiers II Ludington were guests in Sweets
FOR breakfast yesterday morning.
George A. Fsrr IL Grand Haven. law
yer and politician. Is registered ia the
New Livingston.
Clement H. Weaver. one ~ Adrian's
leading lasyerA Is guest in The Nor
ton.
X X Blacker of Manistes arrived in
Tho Morton last night
MoKIoS William Parker, Evart; A.
II. Stark. Allegan; Mr.. and Mrs. John
n