The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1893-08-23
Silver Notes.
New York Sun. l


New York SUM- ,
The mines of the United States pro-
duce in year l 100000 ounces of gold
and 6O,000,OO0 ounces of silver. Forty
times as much silver is produced as
gold. In 1880 the gold mined was /, 700, :
000;the silver mined was 80, ,0OO, 900. The
ratio Of silver mined to gold has been
steadily increasing; the price Of sill
yer has been steadily falling. The
bullion value Of a silver dollar was 100
cents in 1873, the year Of its demonetiza-
ton. Now it is about 65 cents.
The United States stands first among
the silver-produeing countries, Mexico
second. Australia third, Bolivia fourth,
and Chill fifth. Silver-producine coun-
tries are ususaly poor countries when
they have no other export of greater
value.
The silver currency Of the world
amounts to 3,9ss, ,0OO,OO The gold cur
rency amounts to So, ,632, ,OGo, ,0O0, France
stands first among nations in respect of
gold coin; the United States second,
Germany third, and Great Britain
fourth. Per capita, France has $50 in
gold coin, the United States $40, Ger
many Sl2, and Great Britain $l4.
In silver money France stands at the
head Of all nations in the per capita
amount-Sl8 per inhabitant. Holland
is second with $l4; the United States is
third with $S. Germany has S4.25,
Great Britain has S2.75.
Figuring corn at 40 cents a bushel,
the American crop was worth in 1892
$3.50, 100000. The value of the silver
mined in the same year was SIS, ,OOO, 900.
less than ona-eight of the value of the
corn.
AT 20 cents a bushel the value of the
wheat crop of the United States for
1892 was S6,00O,OOO The value of the
American gold mined in 1891, the year
previous, was s33,0O0,000.
Silver Jones, of Nevada, is an English
man, born in Herefordshire in 1880.
Silver Stewart his colleague from Ne
vada in the United States Senate, was
born in Wayne county, New York, in
1927. Both were educated in Ohio.
Both went West when the gold craze
broke out on the Pacific coast. Jones
went West from school; Stewart went
West from Yale College. Stewart was
once teacher of mathematics. Jones
took his seat in the Senate in 1873;
Stewart in 1855. The total vote of Ne
yada was 10000 in 1892; Hoboken,
Weehawken, and Union Hill = cast
{, 500 at the same election.
Bland, Of Missouri, the silver cham
pion, is native Of Kentucky. he went
to California in 1866, when 20 years Of
age, and afterward located in Virginia
City, Nevada. He became miner, and
was County Treasurer of Carson coun-
ty when Nevada became a State in
October, 1884. The day before the bill
admitting the State passed Congress
the battle of Bermuda Hundred was
fought. In 1866 Mr.. Bland returned
to Missouri. In 1872 he was elected to
Congress by 100 majority. In 1878 he
carried through the bill remonetizing
the coinage of silver dollars. He has
been member Of Congress since 1872,
and has long been Chairman Of the
Committee Of Coinage, Weights, and
Measures.
The ratio in value Of gold to silver
was l to Is in 1862, l to 16 in 1872, to
Is in 1882, and / to 90 in 1892.
A word ftly spoken is like apples of
gold in pictures of silver.-Proverbs
XIV, II.
According to Mulhall, there were
$3.50, 100000 more silver coined than
were mined during the fifty years be-
tween 1881 and 1881, and more than
5000 tons of silver plate, fixtures, and
ornaments had to be melted down to
supply the deficiency. At one time 25
per cent. of the ocean commerce of
civilized nations consisted of gold or
silver coin interchanges. Now the
commerce in these articles amounts to
less than per cent. of the gross trade
by sea.
The Bland bill, providing for the re-
sumption at United States mints Of
the coinage Of silver dollars, passed the
United States Senate on Feb. Is, 1878,
by a vote of 4S to2l. Among those
voting in favor of it were ingalls,, Of
Kansas, Morgan, of Alabama, Voor-
hees, Democratic Senator from Indi-
ana; Wallace, Of Pennsylvania, and
Thurman, Of Ohio, Democratic candi-
date for Vice-President in 1888. It had
the support Of both Senators from Penn
sylvannia, Ohio, Indiana, Illinois,
Wisconsin, Nebraska; and Minnesota,
William Window, afterward Secretary
of the Treasury, and strong advocate
of the gold standard, voted for the
Bland bill. Of those opposed seven
were Democrats and fourteen Republic
cans. Among the Democrats were
Bsyard, of Delaware, Herman, of New
York, Whyte, Of Maryland. and Nc
Pherson, of New jersey. Among the