Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1893-07-29

ceeds our own In the depression OF values una
the amount OF insolvency. but Australia has no
4, Sherman law To what then are the financial
difficulties In that continent to be ascribcdg
Cost In Producing Silver.
1--WE deny rs wholly unfounded the statement
80 often made that silver can be produced ut ~
cents or less an ounce. Such assertions prove
nothing except the ignorance Of the persons
making them We make the statement, basod
upon practical knowledge acquired In gold ana
silver mining running over period OF many
years. that every ounce OF silver produced In the
United States has cost more than sL2s per
ounce. To appreciate this statement one must
have lived IN mining communities. He must
have seen the numberless shafts sunk upon UNI
counted hills, In which never an ounce Of pay
ing mineral has been discovered. He must
have been familiar with the thousands OF hardy,
brave prospectors who have devoted lifetime
to the search for the precious metal and who
have finally passed away, their labor unre
Quilted, their search unrewarded. He must
have witnessed the organization OF scores OF
great companies whose aggregated capital runs
into the hundreds OF millions. and which started
out with bright prospects only to wind up In
bankruptcy. But II the cost OF production Is
to be the gauge OF value. then silver has moth
ing TO fear from gold, for silver costs far more
70 produce than is indicated by the estab.
lishcd rates between gold and silver
Gold mining in the main and generally
speaking does not build up coun'
try or develop its resources to any
great extent The production OF gold requires
comparatively cheap and simple processes,
while the yield Is usually out OF all proportion
to the amount OF labor aud capital expended
On the other hand, silver mining has become an
established industry. its production has devel'
opcd and peoped vast area Of country com
prising whole states 1t Is permanent IN char
acter, II requires skilled labor and vast out
laws OF capital to successfully engage In It
The processes Of extraction and reduction OF
ores are costly and dificult II calls into ex-
istence oil other forms OF industry TO support
II. 1t builds up communities makes towns.
cities and even states, sustains millions OF pco'
pie gives trafic TO railroads and pours stream
OF pure wealth into the channels OF commerce.
untainted by suffering and unstaned by greed
We theref ore maintain that the only way TO
ascertain the true cost OF the production oil
bo:h metals is to balance the total value OF all
the time and labor employed In producing
them against the total value OF the combined
product And We see that on such u basis
every ounce OF silver. Us well us every ounce OF
gold, costs more than its statutory value, ana
that these pursuits are largely followed on nc
count OF the prizes and hazards OF fortune,
which are 10 captivating 10 the disposition OF
mankind We also say further that II the Hat
value was taken from gold, 1t would be worth
but little more rs commodity than silver.
Demand More Money.
eve iterate the Oft repeated but always
true proposition that there is not enough gold
in the world upon which TO transact the worlds
business, and while the trade ana population
are steadily increasing the gold available for
coinage Is steadily decreasing. The truth OF
this assertion Is borne out by the panic now
upon US. There IS plenty OF everything In the
world but gold and everything is cheap but
money. The gold Is boarded, locked up In the
vaults and treasure boxes OF the country,
while property OF all forms Is rendered value
less, and checks and drafts no longer perform
their accustomed functions. 1t Is the knowl
edge that gold is scarce and insufficient in
quantity that leads TO the scramble for II
among the nations and individuals, and II Is the
withdrawing and boarding OF II that brings
panics. And in this connection we call atten-
ton TO this important fact, viz That NJ least
40 per cent OF the entire gold production OF
this country Is the by-product OF the silver
mines, SO that the closing Of tho silver mines
would reduce the amount OF gold available for
coinage 10 this extent and thus further in.
crease the danger and distress arising from
scarcity OF gold.
sherman Law Wrong In Principle.
1--WE concede tina, the Sherman law is wrong
in principle because II degrades silver into
mere commodity 10 be bufeted about by un.
prncipled spectators At the same time the
treasury notes issued under the provisions OF
that law have been OF inestimuble ben
eft In increasing the circulation at a critical
time and thus preventing disaster
ITO repeal this law Internationally would be
to destroy silver forever, and would be playing
directly into the hands OF the advocates OF a
! uold ard mud truf.tpl
rency. II would he the cruelest blow ever
struck ut the rights OF the great mass OF the
people and particularly at the debtor class Tor
II would enormously increase the purchasing
power Of gold, and correspondinglv lower the
value OF all products and every other form OF
property. The Sherman law was never IA
vored By the advocates OF free silver coinage
but bad a. II Is, IL is now all that remains be-
tween the desires OF the gold standard men and
the contamination OF their selfish ends and
must be retained in the interest OF the common
people vntil something better is conceded tn its
stead
Favor Both Gold and Silver.
ave are in favor OF both gold and silver as
money TO be coined apon equal terms 1T the
ratio OF IS toll This IL the money which the
fathers Of the republic beQueathed 10 us. II Is
the money OF the constitution For eighty
years we thrived and prospered with this cur
rency. III was ucsUOyeu W tuc ulCUltleil VI
England and Germany through their agents in
this country and in the interests of the creditor
class, those with fixed incomes and annuttics.
We now demand that il be restored again TO
the place where the fathers left IT, in the inter-
est OF the whole people
1.-The constantly repeated charge that the sill
yer dollar is q cheap dollar Is so manifestly
illogical and absurd as TO render II unworthy Of
notice umong intelligent people. There are no
cheap dollars silver COLLAR will purchase as
much rs gold dollar or any other kind Of u
dollar Equally untrue lis the statement that
the government has Lost money upon its silver
purchases, because OF the depreciation In It's
price. The facts are that the government has
made profit amounting to more than slOo 0oD,'
90 on It's silver purchases under the Bland and
Sherman laws. being the difference between
the market and coming value And this prof
has gone % the credit Of the people because
with II the government has paid its current ex-
penses ana obligations and oil their silver,
either of itself or by its paper representatives,