Arizona weekly citizen., 1893-07-08
THE oUTLooL FOR SILVER.

Neveriin the history of the world, says
the Mining Scientific Union, has the
financial outlook been so gloomy as at
the present time. Silver, one of the
two chief precious metals of the world,
is reduced to state Of greater uncer-
tainty than garden Etruck, and can not
be sold today at hardly any price, the
fact that it is qnoted at sixty-nine cents
per ounce notwithstanding. We doubt
if, in the face of this quotation of sixty
nine cents, there is any one of the
smelling concerns in this city that
would pay fifty cents today for any
great amout of silver bullion if offered
for sale at that price; for, as one of our
principal bullion buyers said only yes
terday, SIN its present state Of uncer-
certainty, what is to prevent its going to
forty, or even thirty cents? In fact, no
one can tell where it will STOP" When
We stoy To think thet this is, or claims
TO be, a republican form of government
il seems incredible that such state of
affairs can really exist. The immortal
Lincoln once said this was "a govern
ment of the people, by the people, for
the people," What would he think
could he see and understand the state
of affairs today? AS it stands now it is
simply a government of the capitalist,
by the capitalist, for the capitalist. The
great maioriry-the people-who should
and are supposed to rule, are not con-
sidered at all. To use the vulgar, but
expressive, common phrase, ''they are
not in it."
We do not wish to be considered |
alarmists, or calamity howlers, nor to
discuss the situation from any darker
standpoint than the present aspect of
affairs warrants, but We really can find
little encouragement tor the silver
producers of the west in the present
outlook, and this conclusion is arrived
at after discussing the matter with men
whose business it is and has been for
years to watch the trend of financial
channel in which all their interests are
centered.
Probably no man in the state, or the
entire west for that matter, keeps closer
watch or is better posted on the ques-
tions of finance and its relation to COM
mercial fluctuations than E. E. Burlln-
game. In an interview with the editor
Of the Review he stated that, in his !
opinion, we could expect the continued j
opposition OF, Cleveland TO silver through
out the remainder OF his term; that he s
would continue to bring all his in :
auence to bear in his efforts to discon- I
tinue the purchase OF silver by the |
government; that possibly the present s
state of financial distress would induce
congress to come to the peoples relief
With some sort of legislation favorable
20 silver, but that he thought 1t rather d
doubtful, and would venture no predic- +
ion as to how low silver would drop !,
before reaching the limit. +
Mr.. J. A. r. Waters, of the firm of q
Waters Bros, stated as his opinion that
he interests of country would be vastly i,
benefited by the immediate repeal Of s.
be Sherman bill, as that would precip- I,
tate matters and compel congress to IL
ONE to the rescue of the white metal.
lie stated that as there was beyond :,
question not enough gold to form v
,asis on which to transact the business p
{ the country the sooner some mea-
ure forcing the employment Of silver =
" all the governments of the world was a
dopted the sooner the people would be
elieved.
In fact it seems to be the general =
ish that the very worst disasters in 8
lore for us be withheld for as short ID
me es possible. IL We are to suffer g
nv further disaster let it come now, 4
sems to be the general wish of the
eople of this country.
We could publish the opinions of
ANY others well posted on the situa- &C
on, but these two are fair represen- er
.tion of the average. OF course there "
the usual huber of extremists on both ar
des. All we can do is to wait. Like sa
,e boys at the wedding supper, many CT
us are in no condition to wait, but we W.
III find no relief in fretting. Let us be MI
and rest calm in the as Ii,
france that we are in the right and an