The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-09-12

cent was gold 55.32 per cent silver. At
the close of last year the existing stock OIL gou
$780,, 000OOO. After four hundred years OF
production the gold composed 400 per cent
and the silver 81 - per cent Of the two St met,
ais. The worlds product of gold existing IN
1872 has since that year increased $500 per
cent, while the increase of the stock OF SILVER
amounts to a. per cent: . .,r.,,o,
coinage of silver must look elsewhere LOT
reasons why it should be discarded as money
metal 1t Is not ana has never rev fo PEN en- value
not because 1t is too abundantly Iurnlsheu,
but because the great demand FOR II must ever
be for ma and eod were de-
monetized, gold a commodity woud Iali
equally in value. Talk Of overproducction;
1873 the production Of god in the world Lee e1-
ceeded the production of silver by 81, Al, oo0'-
600, but both were equally welcome at the
minis and no disturbance resulted In the ne
twenty years from 1873 to 1893 the excess OF
silver produced gold has been but Sl9o.,,
100000. yet the gold value OF silver decreases sea
affected the value Of silver. Legislation alone
degraded it and destroyed Its value; lesisla-
ton. and legislation alone can restore roGnced co
cheaply that there rs great margin etWct af
its cost and its coinage value at the ora ra'lo VI
129 cents an ounce. 1t beithcs the Whole SUD ha
iect to even state the proposition. What has
the cost of mining gold to 90 Win us Fa .niI
as coin? AS matter or iacl M " ere , Sn
far less than of mining silver; The great pro pro-
portion Of the gold is found IN placeIS ana
sCuEches, quickly and prohtabiE prooNTG No
when discovered in paying cuantlte5. Nus-
gets valued at thousands Of do' arS are HIii ~
times found by some p os2 Atlof o. NM t h n
day The days wages or eNle 1l'', ~ 10 rn
man who found the nugget would nave 10 re.
lation to the cost Of the Eod prou.nt' III, ~
would have no bearing on the c'-nage CUES
ton if 1t did.
Mr. President, you cam It mcsstrc Its cost
In that way [ could take you tc section IN
Colorado-a county which Is tire r. Silence VI
my colleague--one of the few sections OF our
country that produces gold III "a. -iS qliahll,
ties through the years in assure VEINS, "a, anu IF
could take you through a hrndfI1 h a 90, %
cross-cuts and drifts that nave crSl rom
$40 TO $50 foot to sink and to drive thein,
which never produced UoiiLr worth q 0IG
shafts that were sunk for blind lns md DID
not find them, or were sunk on rarren st eakS,
tunnels that were driven through cross-couhtry
and found nothing at the end OF ", ullltS anu
adts driven on the barren portion or ne VEN.
Are they not to be counted? en- tete YOU
over the mountain Just yer ''2 t'ii I" WI ere
day, worth SO with wages at ~ day v Qua
anybody say that therefore the COST OF the
production Of gold in Gilpin county was 30 an
ounce? You must measure The losses WIN me
gains. The mountains of the west are pepper,
ed and Scared with shafts and tunnels ana
prospect holes which brought the miner moth
ing. Are they not TO count! Are you to meas
IRE your own standard of value 'y the COST
value of the one-dollar bill is the cost of pa
per which it is printed.
[ have seer mechanical nventon-the
v 49, sn,,,l,mnIt nf mnnry-a million dollars:
and you might we'll say that therefore
the profit on the mechanical patent Is a mlllloA
qoiars ,d 40 uo"H ~ .no AND thnnsandS nf
models of patents that represent the wearled
%VIA aiu itnJa 81 rndv. ,o,st Won not
take into considerable the losses rs wen as
the gains? SO it is with silver he sum of
the pr1dlGtloa Of silver IN the nitcd S'et ~ is
nn,'"u1,cuiS Ia 5lt'''4 IMAM '"o ''"0 "a NV
Shtt! pl9uuce 81, 49, th st+a,,,+ h
n@t a ,d 1s in 'pT is Chm6nr tnaf
the Cost VI pIouu.in% SiEgi 80 SiiSit ~
ntVe the senator from serni"m., WI Nlortlli
Wno Is hot 10" , neie A,,,ie sum i or
te %stoIensaS ar" 1H M
t m%e ~ i0fn bV q c"nnittna Of Io,,; citzens
ai,in ia@o f "y The nnroSe and hod m
nal!4 lne summary "l tne result Vi ne'I ~
Eestlgatloh. linen l. as" u nave Pr'"teo "t
'iT oioIT a vas most eyhaustiya The
toial SILVER plouucl l o. Nolorauo lUr 49, WIS
tuoQWni ounces; VI t ~, Two couh'iFS; hihe
turns from the smelterS showed the value OF
silver ana ol lhe D!pIouu'ls, eau anu copper
1he tWp cGan'eS Mere Sepnratef t thoi as
henIi ana tue ,ol"l proiGi "' e@G3 care luy
ascertalned An exam ANTON o. the II cords
was ,ne NE snU"IrE IlG uh no Oh cs
eSSarS before iocaton the COST Oh the survey
ana or lne lllnS 1 no tne nollce OF location.
ne ia HT- TnoV NoLth " ""rN LLEall!
VI! tnIm cI"t1i Piioi ~ i'".tnt ne E9lloer
VI rL i7, fnrtnr ro,I'iiro % o.
"a ~ 80 Ia nav n Zoo slri a. EAP ~ IRE ~
iS',n and nnrfIin avmonSns ~ 81, 49, sf ~
nrn nrrrSsoriIv incurred in ,,otnrt,,!n' ooch
cioi,n Tie n'nn,hnr Of natarfnd cl,ir3, 80,
oSrnrtopad from thn ovprnfnonf 1aId us ,,; " 10
ami tbnSa SIMS cnmnnf IN ~, tho n, a.,
nhtainahIa Of mimi and srati -, 'm mI
fnlI iahlps were nrnnarpd 4 Arm7n,fy ., o,rs
that IcadyilIr has iro(,I,od in ftur,el'n rnnrS
net 500 5l5 S24 1T cost of So. 52l 5S3
showing loss in silver mining changed into
Pitkin county is tabulated In the same way
of senators who believe that the cost of min
age OF course. sometimes fortunes are n'odn
and are wildly advertised but fine failures are
numberless and are never counted. Ahbnt
Lawrence fifty wears ago sfoTad tta, IN
Boston out of fourteen merchants who start
in business thirteen failed. The commercial
agencies will tell you that now the pr0porttor
OF failures is even greater. ihe successes sln
one IN eighteen, or one In twenty. Would you
measure the profits OF business by the fortunes
OF Hohr merchant princes?
- ne sHSSlt'on HhPWlSe made that
II we, return to silver coinage there world at
once DC mucn larEer nrofnr;fGn Of the
precious lhet4ls' t IS not true. The west
mas seen lr, lhe HPhi!n or IFS mining in
quSUy. me zones IN when mines may
ne l9llid-' ne ll1erai belts as
Wen or he'!cr u9Illed thah - the coal belt Of
Ielt!S3 l1H ,lt - no sYuare rod or